Collector Deductible Options:

Choose the right deductible to protect your investment. Options for vintage and collector vehicles vary by insurer:

Stated Value / Agreed Value Coverage:

Traditional policies use actual cash value, which includes depreciation. For collector cars, we use the value shown on your Cover Page to settle claims, meaning no depreciation in the event of a total loss.

Note: Valuation can be updated as your vehicle’s market value increases or after significant restorations.

Collector Vehicle Storage:

Protect your investment during the off-season with Unlicensed (In Storage) coverage. Even when your plates are cancelled for the winter, your policy continues to provide essential protection against comprehensive perils like fire, theft, and vandalism while your antique or collector vehicle is parked.

*If you need to move your vehicle for maintenance or a show during the off-season, remember to obtain a temporary permit to ensure your full policy coverage applies during transit.

Personal Liability: 

Auto insurance policies offer liability coverage ranging from $1 million to $5 million.

If you’re in an accident where you’re found responsible for causing injury or property damage, the basic $200,000 plate limit might not be enough. This is especially important if you drive in the United States or provinces with different coverage rules than Saskatchewan’s no-fault system.

Antique Plates: Does Your Vehicle Qualify?

If you own a vintage vehicle and only use it for private, non-commercial trips, you may qualify for Antique Use registration. For most vehicles 1987 or older, the annual cost is a $92 insurance premium (plus PST) and a $68 registration fee.

While the price is attractive, the coverage is basic. It includes $200,000 in liability and a $500 deductible, but limits physical damage coverage (the amount paid if your car is damaged) to just $800.