Collector Car Insurance
Protecting your pride and joy.
Our experienced advisors have years of expertise and can advise you on how to properly safeguard your collector car, no matter if you’re restoring it, showing it off in a parade, or taking the occasional leisurely drive.
Your guide to collector car insurance.
We know that the restoration of a classic car is no small undertaking. We also understand that the value of a collector car goes far beyond its estimated price tag. That’s why our expert brokers can help you find the unique coverage needed for these special possessions.
Classic and collector car insurance can cover:
- Third-party liability
- Accident benefits
- Direct compensation for property damage
- Uninsured motorist and family protection
- Collision
- Comprehensive
- Specialty roadside service
- Specialized claims
Coverage across Canada.
Get collector car insurance by phone or in person at your nearest location.
Specialized collector car coverages.
Our team of expert advisors can help you keep your prized vehicle protected in any situation.
Cherished Salvage™ Coverage
This provides you with the option to keep your collector car following a total loss while still receiving the full value of your vehicle.
Vehicle Under Construction Coverage
This gives you protection for your collector car – and tools – while you are in the process of restoring or rebuilding it.
Evacuation Expense Coverage
This can help cover up to half of your costs to move your collector car to a safe location in the event of a natural disaster or state of emergency.
Automatic New Ride Coverage
Your existing collector car policy will extend to provide temporary coverage for an additional new ride you add to your collection.
Signature by Acera Insurance.
When you need more than your average insurance coverage for high-value assets, we can help. Learn more about our specialized coverage solutions.
Why choose Acera Insurance for collector car coverage?
We work with industry-leading insurance companies to get you the most comprehensive policies customized for all your insurance needs.
Highly-Personalized Service
Build a trusted, personal relationship with your dedicated advisor, who will lead our team of professionals in the ongoing management of your personal insurance and risk management portfolio.
Specialty Market Access
With global access to a wide range of specialty insurance providers, our team can deliver the most comprehensive coverage to safeguard your valuable and treasured items.
Independence
As a truly independent insurance brokerage, we provide professional, impartial advice and negotiate terms with the best interest of your unique needs in mind.
Helpful tips from our advisors.
There is a lot more to your collector car than a sticker price. Our team understands this and is here to give you the service experience you deserve.
Answering your most common questions.
What is the difference between classic or collector car insurance and regular car insurance?
Classic and collector car insurance is different than regular car insurance because it generally has:
- Lower insurance rates
- No fixed mileage
- Guaranteed or agreed on value coverage (no depreciation of your vehicle)
- Option to repair your vehicle yourself
- Protection for a vehicle under restoration
There may be additional differences, depending on your individual policy and insurer. However, as classic and collector vehicles are very different from regular cars, specialized insurance coverage is a much better option.
What cars qualify for classic or collector car insurance?
To qualify for classic or collector car insurance, your vehicle typically must be:
- Built in 1979 or older
- Built in 1980 or newer if it is a special or limited edition, supercar, or special import
- Have a minimum value (depending on the category of the vehicle)
- Be in a certain level condition (depending on the category of the vehicle)
- Not a daily driver or commuting vehicle
- Not be used for camping, business, racing or other timed events, or off-roading
Why is collector car insurance more affordable than regular car insurance?
Classic and collector car insurance is usually more affordable than regular car insurance for a few reasons, including:
- Not used daily or as a commuting vehicle
- Usually only driven during good weather
- Drivers tend to be more experienced
- Fewer kilometres are driven
- Better vehicle storage
What affects the cost of collector car insurance?
The following factors affect the cost of collector car insurance:
- The vehicle’s make, model and year
- The value of the vehicle
- If the vehicle is modified, and if so, what those modifications are
- The horsepower of the vehicle
- How the vehicle is stored
- How the vehicle is used
- How many kilometres the vehicle is driven each year
- The claim rate of your area
- The crime rate of your area
- Your insurance history
- Your driving record
- Your insurance options including coverage, deductible, and policy limits
Does collector car insurance provide coverage if I want to drive my vehicle?
Your collector car is your pride and joy and you want to be able to enjoy it. Collector car coverage provides protection when you participate in classic car events and parades – and even for the occasional pleasure cruise.
Collector car insurance, however, does not provide protection if you use your collector car for either business use of any kind or daily driving (i.e., shopping, commuting to work, vacations that are not related to collector car activities).
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