Ensure the safety of your vintage, collector, and antique cars with specialized insurance coverage.
Your antique car is more than just a vehicle; it’s a prized possession. Safeguard your classic vehicle by opting for Auto Insurance specifically designed for antique automobiles.
Click on one of the below topics to unpack your Classic Car Insurance:
Agreed or Stated Value
Agreed Value or Guaranteed Value is the value that your vehicle will be insured for based on the proven value of your vehicle, as determined by both you and the insurance company. Appraisals, photos, or other relevant documentation will determine the vehicle’s value.
Don’t want to get an appraisal? Consider Hagerty Insurance as a possible insurer. Their Guaranteed Value is determined by your vehicle details using their industry-leading tools to determine the value of your classic.
Hagerty Driver's Club
You can join the Hagerty Driver’s Club for $55/year (before tax) when you purchase a policy. Their exclusive membership includes:
- Roadside assistance: Services include guaranteed flatbed towing.
- Hagerty magazine: Receives automotive editorial six times a year.
- Automotive discounts: Discounts from your favourite automotive suppliers.
When your vehicle is tucked away in storage, it’s important to remember that it could still be at risk of a claim. Theft, vandalism, and other threats still exist, and your home insurance will not extend to protect your vehicle.
Besides Hagerty, we offer Classic & Antique Vehicle coverage with SGI Canada & Sandbox Mutual Insurance (SMI).
This coverage will respond if your vehicle collides with another, a post, or a snowbank. Having your vehicle declared antique on your registration will help you save on the basic insurance fee. However, your coverage will also be reduced, as antique registered vehicles only have a maximum of $800 physical damage coverage and the regular $200,000 liability. And before you say, “Oh, $800 is enough,” your insurance claim will also be subject to a $500 deductible.
Add comprehensive coverage for losses by fire, theft, wind, hail and vandalism. Having your vehicle declared antique on your registration only includes a maximum of $800 physical damage coverage and the regular $200,000 liability. Your insurance claim will also be subject to a $500 deductible. Package policies let you have comprehensive deductibles as low as $50. When was the last time we had a wind or hail storm in Saskatchewan…
Did you finance your vehicle? If you did, you might have also signed up for a form of Life Insurance! Our personalized policies translate to better coverage and premiums that are, on average, 30-50% lower than traditional Creditor Insurance offered by the bank.
What sets classic car insurance apart?
Classic car insurance provides several advantages compared to “regular” plate insurance. With guaranteed value coverage, you provide us with the value of your classic car, and we ensure that it is a fair and accurate number. In the unfortunate event of a covered total loss, we guarantee that this value will be paid to you. On the other hand, regular car insurance carriers typically offer Actual Cash Value or Stated Value coverage. These types of coverage may result in the depreciation of your vehicle’s value during a claim, leading to a smaller payout than expected.
Protect your antique vehicle’s true value.
Don’t settle for basic plate insurance that only covers up to $800 for physical damage. Your antique car deserves proper coverage that reflects its actual value. Get peace of mind with antique vehicle insurance and protect your investment today. Don’t let your valuable antique vehicle go underinsured. Not sure how much your vehicle might be worth? Try Hagerty Insurance’s online tool to get a free estimate of the value of your classic.
How SGI determines if your vehicle is ‘antique.’
To qualify for antique status for your vehicle registration, SGI has set the following requirements:
- The vehicle model year must be 1987 or older
- The vehicle is registered as either Class PV (private vehicle) or LV (light vehicle)
- The vehicle must be used for private use only and not for commercial or farm use
- You must own or drive a registered primary-use vehicle: In your name | in your spouse’s name | jointly registered names of yourself and your spouse.