Updated on - 24 Apr 2026
Covers vintage car insurance, including its specialised coverage options, benefits, and tips for preserving classic cars. It also highlights the importance of accurate valuation.
With their old-world charm, vintage cars are fascinating, rare, and often expensive. Not only is the purchase cost high, but maintenance expenses are also significant. A commonly accepted definition of a vintage car is based on its manufacturing period, usually between 1919 and 1930.
Did you know that there is insurance specifically designed for such vehicles? Let us learn more about classic car insurance and how it works.
Types of Vintage Car Insurance
The Vintage and Classic Car Club of India (VCCCI) officially certifies vehicles as vintage or classic. There are three main classifications:
Vintage Cars
As per VCCCI standards, cars manufactured between 1919 and 1930 are considered vintage. Their value tends to remain stable, even after limited modifications.
Classic Cars
Vehicles produced between 1940 and 1970 fall under this category. These cars are generally expected to retain their original specifications. Major modifications may affect their classification.
Antique Cars
Vehicles manufactured between 1930 and 1940 are referred to as antique cars. These should retain their original design with minimal changes.
For insurance purposes, antique cars are generally grouped under classic cars. Policies such as classic car insurance or car insurance for classic cars are structured differently from standard motor insurance due to the unique nature of these vehicles.
There are two main types of vintage car insurance:
Stated Value Policy
This plan considers depreciation and is based on the owner’s declared value of the car.
Agreed Value Policy
Under this option, the insurer and owner mutually agree on the vehicle’s value. This is commonly used in classic car auto insurance, as it provides clarity on claim settlement.
Factors such as premium costs should always be evaluated before choosing a policy.
Factors Impacting Vintage Car Insurance
Several factors influence the premium and coverage under car insurance for classic vehicles:
Car Age
Insurers refer to VCCCI guidelines to determine classification and valuation. However, criteria may vary across insurers.
Maintenance Costs
Vintage cars often require specialised repairs. Insurers may inspect the vehicle to assess expected maintenance costs. Higher upkeep usually leads to higher premiums.
Spare Parts Cost
Spare parts for vintage cars are rare and often imported, making them expensive. This significantly affects insurance pricing.
Vehicle Valuation
Unlike modern vehicles, vintage cars do not have standard depreciation models. Their value depends on condition, rarity, and historical significance.
Conclusion
Vintage cars are valuable assets that require careful maintenance and protection. This has made vintage car insurance increasingly relevant for owners.
Before purchasing a policy, it is important to determine the correct classification of the vehicle and ensure proper certification from VCCCI. Accurate valuation helps both the owner and insurer agree on the sum insured.
Vintage cars are often used in rallies, exhibitions, and public events. A suitable policy, such as comprehensive car insurance tailored for vintage vehicles, should account for such usage and potential risks.
Choosing the best car insurance means checking coverage details, exclusions, and claim terms carefully to ensure adequate protection.
FAQs
1. What year does a car need to be for classic insurance?
The classification varies, but in India, cars manufactured between 1940 and 1970 are generally considered classic. Vintage cars are generally those built between 1919 and 1930, as per VCCCI guidelines.
2. What types of coverage may be available for vintage cars?
Vintage car insurance can include options like agreed value cover, protection against accidental damage or theft, and sometimes additional cover for events such as rallies or exhibitions.
3. Why might vintage cars require specialised insurance?
Vintage cars often need specialised insurance because they are harder to repair, their parts can be difficult to source, and their value is not fixed. Standard motor insurance may not fully account for these factors.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. Please read the sales brochure/policy wordings carefully for detailed information about on risk factors, terms, conditions and exclusions. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.