Classic car insurance
Motoring enthusiast? Then you probably take your car insurance very seriously. And why wouldn’t you? The gentle purr of the engine, the hand built precision, the walnut interiors and the sheer beauty of the spectacle. We hear you. And so do the insurance companies specialising in exactly what you collect.
It's probably too large to fit in your trophy cabinet, but no doubt you have your best bud safely tucked away in the garage, which inadvertently lowers your premium.
But did you know there’s a difference between your classic, vintage and veterans cars? Let’s get into after you compare a few comprehensive policies.
Car Insurance Comparison Table - last updated February 25, 2021
Comprehensive Car Insurance
Get award winning Car Insurance. Save 15% ^ on your first year’s premium when you purchase a new policy online. Budget Direct offers tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service, and get a hire car following a theft.
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- Optional Extra
- Choice of excess
- $500 - $1,850
- Agreed or market value
- Agreed Or Market
Available discounts
- Online Discount Up To 15%
CompareCompareComprehensive Car Insurance
Get award winning Car Insurance. Save 15% ^ on your first year’s premium when you purchase a new policy online. Budget Direct offers tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service, and get a hire car following a theft.
- New car if written off
- Yes - within 1 years and 20,000 km of original registration
- Rental car after theft
- Yes - Up to $1,000 total.
- Rental car after accident
- Not at fault - Yes. At fault - Optional Extra. Up to 14 days for at fault accidents.
- Windscreen cover
- Yes - standard excess. Option to reduce windscreen excess to $40 on every windscreen claim for an additional premium.
- Modifications
- Covered only if agreed in writing.
- Young driver excess imposed
- $600 for drivers under 21, $500 for drivers under 24, $600 for unlisted drivers, $500 for inexperienced drivers over 24.
- Roadside assistance
- Optional Extra
- Other benefits
- -
- Other restrictions
- -
Read our Mozo Review to learn more about Budget Direct Comprehensive Car Insurance
Comprehensive Car Insurance
Get car insurance you can count on with up to 40,000 Qantas Points when you join by 28 February. Make this the year you start enjoying more rewarding car insurance. Points awarded will be based on your premium. T&Cs & eligibility apply.
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- Optional Extra
- Choice of excess
- $400 - $1,850 (varies By State)
- Agreed or market value
- Agreed Or Market
Available discounts
- No Claim Discount
CompareCompareComprehensive Car Insurance
Get car insurance you can count on with up to 40,000 Qantas Points when you join by 28 February. Make this the year you start enjoying more rewarding car insurance. Points awarded will be based on your premium. T&Cs & eligibility apply.
- New car if written off
- Yes - within 2 years and 40,000 km of original registration
- Rental car after theft
- Yes - Up to 14 days, max $1,000
- Rental car after accident
- Not at fault - Yes. At fault - Optional Extra. Up to 14 days.
- Windscreen cover
- Yes - standard excess. Option to reduce windscreen excess to $40 for an additional premium.
- Modifications
- Covered only if agreed in writing.
- Young driver excess imposed
- $600 for drivers under 21, $500 for drivers aged 21 to 24 inclusive, $600 for unlisted drivers, $500 for inexperienced drivers.
- Roadside assistance
- Optional Extra
- Other benefits
- Earn up to 40,000 Qantas Points when you sign up by 28 February 2021. Points earned depend on the amount spent on your premium. Points earn thresholds and T&Cs apply.
- Other restrictions
- -
Read our Mozo Review to learn more about Qantas Comprehensive Car Insurance
Comprehensive Car Insurance
Stella are changing the tune on car insurance, offering car insurance made especially for women. Features include no claim reward, new car replacement, customise your policy and more. Enter your car rego and get a quick quote online.
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- No
- Choice of excess
- $800 - $2,000
- Agreed or market value
- Agreed
Available discounts
- No Claim Discount
CompareCompareComprehensive Car Insurance
Stella are changing the tune on car insurance, offering car insurance made especially for women. Features include no claim reward, new car replacement, customise your policy and more. Enter your car rego and get a quick quote online.
- New car if written off
- Yes - within 3 years and 60,000 km of original registration
- Rental car after theft
- Yes - Up to 14 days.
- Rental car after accident
- Not at fault - yes. At fault - Optional Extra. Up to 14 days.
- Windscreen cover
- Yes - standard excess. Option to reduce windscreen excess to $0 on every windscreen claim for an additional premium.
- Modifications
- Covered only if agreed in writing.
- Young driver excess imposed
- $600 for listed drivers under 25. $1,600 for unlisted drivers under 25
- Roadside assistance
- Optional Extra
- Other benefits
- -
- Other restrictions
- -
Read our Mozo Review to learn more about Stella Comprehensive Car Insurance
Comprehensive Car Insurance
Flexible, great value comprehensive car insurance for every-day Australians. Option-up your cover to suit your needs. And our $75 online discount makes the choice even easier. Winner of Mozo's Exceptional Value Car Insurance 2020.^
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- Optional Extra
- Choice of excess
- $300 - $2,550
- Agreed or market value
- Agreed Or Market
Available discounts
- Online Discount $75
CompareCompareComprehensive Car Insurance
Flexible, great value comprehensive car insurance for every-day Australians. Option-up your cover to suit your needs. And our $75 online discount makes the choice even easier. Winner of Mozo's Exceptional Value Car Insurance 2020.^
- New car if written off
- Yes - within 3 years and 60,000 km of original registration
- Rental car after theft
- Yes - Up to 14 days.
- Rental car after accident
- Not at fault - yes. At fault - Optional Extra. Up to 14 days.
- Windscreen cover
- Yes - standard excess ($0 excess for repair only). Option to reduce windscreen replacement excess to $0 for an additional premium.
- Modifications
- Automatically covered.
- Young driver excess imposed
- $600 for listed drivers under 25, $1,600 for unlisted drivers under 25.
- Roadside assistance
- No
- Other benefits
- -
- Other restrictions
- -
Read our Mozo Review to learn more about QBE Comprehensive Car Insurance
Comprehensive Car Insurance
Choose car insurance to match your needs, with no extra charges to pay monthly, a flexible excess, lifetime no claims bonus and your choice of repairer. Give our specialist insurance team a call or get your quote online today.
- Monthly premiums
- Yes
- Choice of repairer
- Yes
- Choice of excess
- $100 - $2,000
- Agreed or market value
- Agreed Or Market
Available discounts
- No Claim Discount
- Loyalty Bonus 5% With Various Conditions
CompareCompareComprehensive Car Insurance
Choose car insurance to match your needs, with no extra charges to pay monthly, a flexible excess, lifetime no claims bonus and your choice of repairer. Give our specialist insurance team a call or get your quote online today.
- New car if written off
- Yes - within 2 years of original registration
- Rental car after theft
- Yes - Up to 14 days, max $100 per day.
- Rental car after accident
- Not at fault - Yes. At fault - Optional Extra. Not at fault - Up to 14 days, max $100 per day. At fault - Up to 14 days, max $80 per day.
- Windscreen cover
- Yes - standard excess. Option to reduce excess for first windscreen claim each year to $0 for an additional premium.
- Modifications
- Covered only if agreed in writing.
- Young driver excess imposed
- Depending on state between $300 and $700 for listed drivers under 25, $1,500 for unlisted drivers under 25, $400 for inexperienced drivers over 25.
- Roadside assistance
- No
- Other benefits
- Lifetime No Claim Bonus available to customers who are over 25 years of age, have been insured with Bank of Queensland for 3 consecutive years on the maximum No Claim Bonus and have not had any penalty claims in those 3 years.
- Other restrictions
- -
Read our Mozo Review to learn more about Bank of Queensland Comprehensive Car Insurance
Common questions about classic car insurance
Do I have a veteran, classic or a vintage car?
If you know your classic Mustang from your vintage Hot Rod, then you probably don’t need us to explain any further. But for those who still get a little confused don’t worry, you’re not alone. In Australia car insurance companies will generally stick to the following classifications:
- Veteran
- Vintage
- Classic
- Built pre-1919
- Built between 1919 to 1930
- 15 years old or more
Who can I trust to insure my precious car?
Traditionally, serious collectors would reach out to specialist car insurance companies who vow to understand their needs best. And there are now more independent car insurance companies who will cater for your historical chunk of fancy metal. But slowly the big guns like NRMA are catching on and discovering the value in spreading their wings and catering to a wider audience.
Names you can depend on
It’s difficult to know who to turn to when it comes to insuring your collectable car while getting the best deal out there. Mozo has tried and tested a whole lot of insurance companies around Australia, so start by using our car insurance comparison tool to find out which providers cover veteran, vintage or classic cars with policies within your budget.
What happens when I insure my collectable vehicle?
You’ll need to decide on either comprehensive or third party property. But as a collector, you probably want to go comprehensive. Whether you sign up with a specialist option or a regular car insurance company, you will need to have registered the vehicle and purchased CTP first.
What does my comprehensive car insurance cover?
You may notice that comprehensive car insurance for vintage and classics may be a little different to a regular policy, but there’s also a lot that’s very similar. Here’s a few of the basics your comprehensive policy may cover you for
Repairer of choice. It's pretty cool that you can go to the panel-beater and mechanic that you’ve been seeing for years. But be weary of higher premiums if you do choose your own repairer.
Agreed value. Nothing new here. However, you may see more value in your vehicle than it’s actually worth. So if the premiums are higher than you expect to pay, you’ll understand why. Adjusting your subjective car value will also adjust the premium you pay for the better.
Salvage options. Sorry to hear it’s a write-off. But the good news is you could keep the wreckage. It may break your heart to see your pride and joy mangled, but if you intend on using the insurance money to replace it or work on a similar vintage beauty, then you could salvage some of the parts. Gone, but not forgotten.
Motor insurance features and important tips:
What we’ve discussed thus far is just the starting block of car insurance. Now it's time to think long and hard about each additional feature and what it means for you. If you’re insuring a vintage Harley, you’re not going to need windscreen cover, get the drift? Here are some of features and tips you may want to consider with your comprehensive cover:
Car hire
If you’re left stranded while your vehicle is getting repaired, then car hire as part of your policy will sort you out. This is usually capped to a certain amount or days, so check with your insurance provider and weigh up if it’s worth your while.
Tip: If you’re happy as Larry hiring a $50 car per day yourself, then you may not need to waste money on this feature.
Repair guarantee
This is usually offered if you go with your provider’s recommended repairers. There's sometimes even a lifetime guarantee on the repair made.
Tip: Check the fine print on this one. When many policies say ‘lifetime guarantee’ there’s often a loophole you'll want to plug up or opt out of.
Emergency repairs and accommodation
There’s usually fine print that goes along with this, like you needing to be 100km or more away from your recorded residential home. Don’t get too excited about how much they’ll cover you for either. Some will offer up to $500 for repair and $1,000 for accommodation.
Tip: You need to weigh up what you need here. Seeing as it’s an old beauty, it probably needs more than $500 worth of work. You could potentially save on the premium for this feature and pay for what you need done as the crow flies.
Windscreen repair or replacement
This isn't a bad deal, as long as it’s an affordable extra. A regular windscreen insurance premium on a regular car is loose change per year, but check what it'll be for a collectable.
Tip: Compare the price of replacing the windscreen out of pocket as opposed to paying hefty premiums for your specialist needs.
What happens when I make a car insurance claim?
Firstly, if you’re involved in an accident with another vehicle or property and you’re at fault, then it’s up to your provider to qualify you for the claim. Remember, if you were found to be intoxicated at the time of the accident you caused, your claim and policy becomes void.
If your insurance company accepts your claim, these will typically be the next steps:
1. The excess amount will be advised.
2. A claim number will be issued.
3. An address of the nominated repairer or the repairer chosen by your provider will be established, depending on the policy you signed up for.
4. A quote may need to be sent to your insurance company by you or the repairer for approval before work begins.
5. A comparison quote may be requested or the provider’s assessment team may inspect the vehicle or property damage.
6. A repair or payment amount will be determined.
Make sure you're getting the best bang for buck by comparing car insurance policies with Mozo.
^See information about the Mozo Experts Choice Car Insurance Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.