How does auto insurance for collector cars work?

Auto insurance for collector cars is a product offered by few insurers and offers little coverage. Understand the reasons for this condition, who is entitled to it and how it works.

Some old vehicles are very well preserved and end up becoming museum pieces. For this to continue to happen, you need to have car insurance for collector cars and thus have extra protection.

However, a car being old does not mean it will be a collector's vehicle. It could be just another ordinary, well-maintained car.

To qualify for a black plate, the car must have been manufactured 30 years ago or more and have a Certificate of Originality. This document guarantees that the pieces are original and it is a collector's item.

Among the items evaluated for granting the black plate are:

• Original wheels
• Engine or chrome parts
• Dirty or grimy
• Deteriorated paintwork or signs of rust
• Unaltered and original factory interior
• Painting that meets the standards of the time

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Who can have auto insurance for collector cars?

Auto insurance for collector cars will only be granted to those who have the certificate that is issued after evaluating the vehicle. If it is outside the standard, it will not be possible to obtain this protection, and you will need to opt for traditional insurance if it is available.

Are there any conditions for taking out auto insurance for collector cars?

Yes. Insurance companies ask several questions in addition to the traditional ones to understand the use of the car.

One of the requirements is that it not be used regularly. It is quite common for the insured to be required to have a car for daily use and that they also have insurance to provide protection for the collector car.

It is necessary to inform in detail when it is used, for example, going to an exhibition. In addition, you must detail the reasons for concern that led you to seek insurance.

Is it easy to get insurance for a collector vehicle?

No. Most insurance companies tend to refuse customers when it comes to old cars, because they have a high market value and there are no replacement parts.

Of the vehicles in this situation in the country, it is estimated that only around 5% have auto insurance for collector cars.

What does insurance usually cover?

As these are old cars with a difficult-to-define value, protection against robbery and theft is not usually offered.

In relation to partial damage resulting from collisions, it is also rare to find this type of coverage due to the lack of replacement parts.

Those who take out auto insurance for collector cars usually have simple protections such as 24-hour assistance services such as dry breakdowns and mechanical problems and discounts at workshops and establishments that partner with the insurers.