FAQ Category: Classic Car Insurance

In Ontario, a vehicle may qualify as a classic if it’s at least 10 years old, with some policies requiring 25 years. Rare, limited production, or historically significant cars may also be eligible, regardless of age.

When it comes to classic cars, standard insurance may fall short in fully protecting their value. Standard policies factor in age, mileage, and depreciation, potentially undervaluing customized or restored classics. This undervaluation could leave owners financially exposed in the event of repairs after an accident.