Classic/Vintage Insurance rant
- Thread starter Merkid
- Start date
I think you're good for a while yet!
My bike is 27 years old right now, but my bike's age hasn't given me too much insurance trouble yet.
Not bikes, cars. Neighbour has homebuilt T bucket using old vin and ownership. Don't remember the details but is laughably cheap to insure. Other guy has 92 or 93 Miata, $146 per annum.........of course there are restrictions......
I was hoping the same for an old (1991) BMW airhead (if I ever get it running).
Vehicles with Historic plates on them can get amazingly cheap insurance, but the restrictions on their use are extensive (can only drive to an organized gathering or the mechanic). AFAIK there is no equivalent for bikes be prepared to bend over with the airhead.
My bone stock car ( 1978 ) qualified for vintage auto insurance.
Rules were:
No driving to work, or commuting
Free to drive it for pleasure, or car clubs, cruise nights, ice cream runs, sightseeing etc. However, if leaving Canada, they wanted me to call ahead and let them know the car would be driven outside of Canada.
No mileage limit etc.
I paid $110/yr.
Rules were:
No driving to work, or commuting
Free to drive it for pleasure, or car clubs, cruise nights, ice cream runs, sightseeing etc. However, if leaving Canada, they wanted me to call ahead and let them know the car would be driven outside of Canada.
No mileage limit etc.
I paid $110/yr.
cknowles
Well-known member
Used to own a 1964 Buick Riviera. Insurance was around $140 per year with SilverWheels. All they wanted was an appraisal every few years.
Insurance coverage was for the appraised value of the car and 1,000,000 liability. No commuting or shopping, drive anywhere else without mileage limitations.
Historic license plates, however, had strict limitations. Didn't make sense to get historic as the savings were minimal.
O.P. of your car is in storage and you need time to get the appraisal, they are usually forgiving, unless you have missed the appraisal for several years.
Insurance coverage was for the appraised value of the car and 1,000,000 liability. No commuting or shopping, drive anywhere else without mileage limitations.
Historic license plates, however, had strict limitations. Didn't make sense to get historic as the savings were minimal.
O.P. of your car is in storage and you need time to get the appraisal, they are usually forgiving, unless you have missed the appraisal for several years.
AFJ
Well-known member
Motorcycles 30 years old or older are eligible for "Historic vehicle registration and reduced annual fee. No special plate feature as with cars and trucks - the paper license is stamped "Historic Vehicle". The MTO Head Licensing office in Kingston knows about this, but most "Service Ontario" offices are ignorant about it - they need to contact head office via the "Help Line".
My classic motorcycle insurance on a 1978 BMW R100/7 ("airhead") 980cc costs $268/year which includes all mandatory liability and accident benefits, direct compensation and fire and theft to an agreed value. Mileage limitation is 5,000 km/year. Appraisal needed once every 5 years. Always notified a couple of months in advance when re-appraisal required. Coverage is with Aviva Canada through the Dalton Timmis agency.
AFJ
Say AFJ, what happens if you go over the mileage limit? Most years I've put about 5000 klicks on my old girl (a K75c), but I could see myself doing longer trips if I really put the money into making sure she was fully restored.
She's not quite old enough for that yet, since I would say that a 1986 model is just straddling the line between a classic bike and one that's merely old, but by the time she's eligible for classic status, I'll probably be starting to seriously think about a full or partial restoration.
She's not quite old enough for that yet, since I would say that a 1986 model is just straddling the line between a classic bike and one that's merely old, but by the time she's eligible for classic status, I'll probably be starting to seriously think about a full or partial restoration.
AFJ
Well-known member
Don't know. If you were planning to, I suppose that discussion with the agent might result in some additional required premium.
AFJ
