The insurance of a collector vehicle is an essential necessity, just like any other vehicle. It offers you essential protection in the event of an accident or complaint. But how do you choose the best insurance for your vintage car? What are the subscription conditions? What advantages does it offer for collector vehicles compared to traditional insurance? This article answers all your questions in this complete guide.
Unlike daily vehicles, often used for purely practical purposes, collectible vehicles are a passion. Consequently, the insurance contracts dedicated to them are specific and defined by each insurance company. The seniority of a vehicle is generally not sufficient to qualify it as “collection”.
Even if the collector’s vehicle has a specific gray card, this does not change the insurance conditions.
What are the conditions for subscribing to an insurance for the collection vehicle?
Insurers generally impose certain conditions to guarantee the vehicle of a collector:
- Be more than 21 years old.
- Have a driving license for at least 3 years.
- Limit the annual mileage. You must have another vehicle for daily use and be able to justify a normal insurance contract.
- Not having been responsible for a disaster in the last 2 years.
What are the advantages of the collection vehicle insurance?
The owners of collection vehicles are appreciated by insurance companies due to their low risk on the road. They are often cars that take a lot of care of their vehicles and carefully take.
In addition, these owners regularly maintain their vehicles and rarely use them, which reduces the risk of accidents. Consequently, insurance premiums are often lower, offering advantages of competitive prices to owners of collector vehicles.
Three other specific guarantees generally apply to the insurance of collection vehicles:
- Reimbursement based on the value estimated by an expert, with a recommendation of competence every 2 years.
- The “circuit” guarantee to cover vehicles during tourist or sporting events.
- Discounts on prices when your insurance covers several collection vehicles or if you are part of a collectors club.
What are the differences between conventional insurance and insurance for the collection vehicle?
There is no specific obligation to eliminate insurance for the collection vehicle rather than for conventional insurance. However, as mentioned above, there are advantages of dedicated insurance. The operation of insurance for insurance vehicles is similar to that of the insurance for conventional vehicles.
You have the choice between different types of insurance, including:
- Third party insurance: it covers the damage caused to third parties in the event of an accident in which you are not responsible.
- Third -party insurance: offers wider coverage than your civil liability.
- All insurance risks: it covers you in all circumstances.
- The occasional work trip.
Choosing the right insurance for your collector’s vehicle is essential to protect your investment.
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