What defines a classic or vintage car?

Among hobbyists, the issue of how to define “classic,” “vintage” and “antique” automobiles can get pretty specific.  Of course, for people who are so passionate about something, with such a great eye for detail, that’s only natural.  Although it can differ depending on where you are or who you ask, generally speaking, there are a few categories into which classic cars can be placed.

Vehicles manufactured prior to 1904 – the first “horseless carriages” and just beyond – come from what’s known as the “Veteran” era.  The period between 1905 and 1918 is known as the “Edwardian” period; this term is especially common in the UK, and this is the era in which the British motor industry really began to distinguish itself.  Vehicles produced from 1919 to 1930 belong to the “Vintage” era, while cars manufactured after that, and generally up to as recently as 25 years ago, are widely considered to fall into the “classic” category.  Additionally, beyond that, limited-production, special edition, or otherwise rare, special or particularly collectible vehicles are often thought of as “modern classics.”

That being said, when it comes to getting specialty classic vehicle insurance, it really depends on what the insurer defines as a classic.  Each insurance provider has its own guidelines as to what it will or won’t cover.  There are some basic guidelines that apply to the majority of providers: in order to get an insurance policy for a classic car, the car needs to be used on a limited basis only (with proof provided of a regular-use vehicle currently under appropriate insurance), and there’s usually a prohibition on cars used in racing or other timed events.

However, apart from that, there are a variety of possibilities as to what sort of vehicles companies will consider for their specialty classic car insurance coverages.  Grundy Worldwide has no model or year limitations, so any vehicle used on a limited basis is potentially eligible.  CHROME stands for “Classic/Antique – Hot Rod/Street Rod – Replica/Kit Car – Original – Modified/Custom – Exotic,” which should give you some idea as to what they cover.  American Collectors Insurance and Leland-West cover vehicles in a variety of categories as well, mostly ranging from generally accepted “classics” to many exotics and modern classics up to the present day under their specialty policies, while Hagerty covers similar ranges as well as select classic fire trucks and commercial vehicles, among others.  Sneed Insurance covers vehicles over $5000 in value, including a wide range of exotics such as Miatas.

Thus, there are perhaps surprisingly many vehicles that can be considered classic or vintage, especially when it comes to insurance coverage.  Specialty classic auto insurance, in turn, is a must for hobbyists, as it can often result in significantly reduced premiums compared to standard auto insurance.  Furthermore, specialty insurance will cover your classic vehicle even in the variety of situations which are unique to classics, such as shows, shipping, and even overseas tours.

Posted: July 25th, 2009 under Classic Car Insurance Explained.