Coverage for the road ahead
Key areas of classic car insurance coverage
From extensive vintage vehicle collections featuring antique tractors, trucks and motorcycles to a single classic car enjoyed on weekend outings with a local car club, our team understands the needs of classic car owners. We have access to specialty policies designed for classic car owners at competitive rates. We’ll help you find the right coverage as smoothly, simply and painlessly as possible.
Third-party liability
Covers bodily injury or property damage you may cause to others while operating your classic car, including eligible legal defence and settlement costs.
Accident benefits
Provides eligible medical, rehabilitation, income replacement, funeral or death benefits following a collision, according to the coverage available in your province or territory.
Direct compensation for property damage
Pays for damage to your classic car and its contents when another insured driver is at fault, where this coverage applies.
Uninsured motorist and family protection
Provides protection when an uninsured or unidentified driver causes injury or damage, while family protection may supplement recovery when the at-fault driver has insufficient liability limits.
Collision
Addresses repair or replacement costs when your classic car is damaged in a collision, rollover or impact with another vehicle or object, subject to your deductible.
Comprehensive
Protects your classic car against insured losses not caused by collision, such as theft, vandalism, fire, severe weather, falling objects or contact with wildlife.
Specialty roadside service
Offers roadside assistance tailored to collector vehicles, helping arrange appropriate towing or transport when a breakdown, flat tire or other covered emergency interrupts your drive.
Specialized claims
Connects you with claims professionals who understand collector vehicles, specialized repairs, restoration standards and sourcing appropriate parts to help protect your classic car’s value.
Protection beyond the basics
Specialized coverages for classic, vintage and collector vehicles
We know that the restoration of a classic car is no small undertaking. We also understand that the value of a collector car goes far beyond its estimated price tag. That’s why our expert brokers can help you find the unique coverage needed for these special possessions.
Vehicle under construction coverage
This gives you protection for your collector car – and tools – while you are in the process of restoring or rebuilding it.
Evacuation expense coverage
This can help cover up to half of your costs to move your collector car to a safe location in the event of a natural disaster or declared emergency.
Automatic new ride coverage
Your existing collector car policy will extend to provide temporary coverage for an additional new ride you add to your collection.
Cherished salvage
Having this coverage lets you retain your vehicle after a covered total loss, with no salvage deduction, while still receiving your full insured value.
The Navacord advantage
Expert guidance backed by national strength
Protect your classic car with dedicated advice, specialized market access and solutions tailored to your vehicle, lifestyle and coverage needs.
Build a trusted relationship with a dedicated advisor who takes the time to understand your collection and coordinates the ongoing management of your personal insurance portfolio.
Benefit from access to a broad network of specialty insurers and coverage options designed for classic and collector vehicles.
Receive objective guidance from an independent brokerage focused on finding coverage and terms that reflect your priorities.
Learn from our classic car insurance experts
“A classic car isn’t a daily driver, and it shouldn’t be insured like one. The right policy considers how the vehicle is used, stored, restored and valued, helping protect both the work you’ve invested and what makes the vehicle irreplaceable.” - Bhavya Sood, Kelowna, BC
FAQs for classic car insurance
Classic and collector car insurance is different than regular car insurance because it generally has:
- Lower insurance rates
- Coverage options based on annual kilometres driven
- Guaranteed or agreed on value coverage (no depreciation of your vehicle)
- Option to repair your vehicle yourself
- Protection for a vehicle under restoration
There may be additional differences, depending on your individual policy and insurer. However, as classic and collector vehicles are very different from regular cars, specialized insurance coverage is a much better option.
To qualify for classic or collector car insurance, your vehicle typically must be:
- Built in 1979 or older
- Built in 1980 or newer if it is a special or limited edition, supercar, or special import
- Have a minimum value (depending on the category of the vehicle)
- Be in a certain level condition (depending on the category of the vehicle)
- Not a daily driver or commuting vehicle
- Not be used for camping, business, racing or other timed events, or off-roading
Classic and collector car insurance is usually more affordable than regular car insurance for a few reasons, including:
- Not used daily or as a commuting vehicle
- Usually only driven during good weather
- Drivers tend to be more experienced
- Fewer kilometres are driven
- Better vehicle storage
With classic and antique cars, the value can change over time. A specialized insurance policy can properly reflect those changes.
The following factors affect the cost of collector car insurance:
- The vehicle’s make, model and year
- The value of the vehicle
- If the vehicle is modified, and if so, what those modifications are
- The horsepower of the vehicle
- How the vehicle is stored
- How the vehicle is used
- How many kilometres the vehicle is driven each year
- The claim rate of your area
- The crime rate of your area
- Your insurance history
- Your driving record
- Your insurance options, including coverage, deductibles and policy limits
Your collector car is your pride and joy, and you want to be able to enjoy it. Collector car coverage provides protection when you participate in classic car events and parades - and even for the occasional pleasure cruise.
Collector car insurance, however, does not provide protection if you use your vehicle for business or daily driving, such as shopping, commuting to work or vacations unrelated to collector car activities.
