Specialist insurance for vintage, classic, and collector vehicles. Compare agreed value cover from NZ providers to protect your pride and joy. 100% free.
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Why vintage, classic, and collector vehicles need specialist insurance cover.
Classic car insurance is a specialist form of vehicle insurance designed for vintage, classic, and collector vehicles. Unlike standard car insurance - which assumes vehicles depreciate over time - classic car insurance recognises that older vehicles often appreciate in value, making standard market value policies unsuitable.
The defining feature of classic car insurance is agreed value cover. You and the insurer agree on the vehicle's value when the policy is taken out. If the car is written off or stolen, you receive that agreed amount (minus excess) rather than a depreciated market value figure that may be far below the vehicle's true worth.
Classic cars also have unique repair requirements. Parts may need to be sourced from specialist suppliers, fabricated, or imported from overseas. Repairs often require specialist panel beaters or restorers rather than standard body shops. A standard car insurance policy may not cover these additional costs.
Key point: A standard car insurance policy may value a 1972 vehicle at just a few hundred dollars based on standard depreciation. Agreed value classic car insurance ensures a concours-condition example is covered for its true worth - potentially tens or even hundreds of thousands of dollars.
In New Zealand, classic car insurance is not compulsory (like all motor vehicle insurance), but the financial risk of driving an uninsured collector vehicle is significant. The Vintage Car Club of New Zealand has over 8,000 members and is a valuable resource for classic car owners. For general insurance information, see the FMA's insurance guide.
Cover options for classic, vintage, and collector vehicles in New Zealand.
Basic cover for damage you cause to others' property. Does not cover your classic at all - your vehicle's value is entirely at your own risk.
Mid-tier cover that protects against theft and fire. Worth considering if your classic is stored securely and used infrequently.
Full protection with an agreed value payout. Covers your classic for accidents, theft, fire, weather, and more. May include specialist repairer and parts sourcing.
The right cover depends on how you use your classic, its value, and how it is stored.
Providers offering specialist classic and vintage vehicle cover in New Zealand.
| Provider | Cover Types | Online Quotes | Best For |
|---|---|---|---|
| AA Insurance | Comp, TPFT, TP | ✓ | All-rounder |
| AMI | Comp, TPFT, TP | ✓ | Multi-policy |
| State | Comp, TPFT, TP | ✓ | Bundling |
| Tower | Comp, TPFT, TP | ✓ | Competitive pricing |
| Vero | Comp, TPFT | Broker only | High-value classics |
| Star Insurance | Comp, TPFT | ✓ | Classic specialist |
| Cove | Comp, TP | ✓ | Digital-first |
| FMG | Comp, TPFT | ✓ | Rural / farming |
Disclaimer: Not all providers offer dedicated classic car policies. Some cover classics through standard motor vehicle policies with agreed value options. Always verify specialist classic car cover availability directly with the provider. If you have noticed something incorrect, please let us know.
A closer look at the providers most commonly used by classic car owners in New Zealand.
Cove is New Zealand's fastest-growing digital insurance brand. While not a dedicated classic car specialist, Cove offers agreed value options and a fast, transparent online experience for vehicle cover.
One of NZ's leading specialist insurers for classic, vintage, modified, and imported vehicles. Understands the unique needs of collector car owners and offers tailored agreed value policies.
One of NZ's largest insurers with agreed value options available for classic vehicles. Strong customer service reputation and included AA Roadside Assistance.
Competitive pricing with agreed value options. Straightforward online quote process, though specialist classic car features may be more limited.
Available through insurance brokers. Vero's broader underwriting capacity means they can often accommodate high-value and unusual classic vehicles that other insurers may decline.
Disclaimer: Ratings are editorial assessments. Prices shown are indicative estimates. Always verify features and pricing directly with the provider.
Coverage features specific to classic and collector vehicle policies.
| Feature | Standard Car Insurance | Classic Car Insurance |
|---|---|---|
| Valuation method | Market value (depreciating) | Agreed value (fixed/appreciating) |
| Parts sourcing | Standard/aftermarket parts | Original, reproduction, or fabricated |
| Repairer choice | Insurer's approved network | Often allows specialist repairers |
| Show/event cover | Not typically addressed | Usually included (non-competitive) |
| Spare parts cover | Not typically included | Often available as an add-on |
| Restoration cover | Not available | Some policies offer in-progress cover |
| Limited mileage discount | Rarely offered | Common - reduces premiums |
| Club membership discount | Not typically offered | 5 - 15% discount common |
What classic car insurance typically does not cover.
Most policies exclude competitive racing, hillclimbs, and timed events. Non-competitive rallies, tours, and show attendance are usually covered. Specific motorsport cover is available separately.
Modifications not declared to the insurer may void your cover. This includes engine swaps, suspension changes, body modifications, and non-original paint. Always disclose all modifications.
If your policy has an annual mileage limit and you exceed it, claims may be declined. Keep a log of mileage and contact your insurer if you expect to go over the limit.
Some policies require the vehicle to be kept in a locked, enclosed garage when not in use. Open-air or unsecured storage may breach policy conditions. Check your PDS for storage requirements.
Standard classic car insurance does not cover mechanical failures, wear and tear, or electrical faults. These are inherent to older vehicles and require separate mechanical cover or self-funding.
Claims will be declined if the vehicle is being driven by an unlicensed driver or outside licence conditions. Ensure all drivers named on the policy hold appropriate licences.
Key factors insurers consider for classic and collector vehicles.
Rarer vehicles with limited production numbers and fewer surviving examples may cost more to insure due to parts scarcity and specialist repair requirements.
Higher agreed values mean higher premiums. Ensure the agreed value accurately reflects the vehicle's worth - over-insuring increases costs unnecessarily.
Vehicles kept in a locked garage with alarm and immobiliser attract lower premiums. Enclosed, climate-controlled storage may qualify for additional discounts.
Limited-use vehicles (under 5,000 km/year) attract significantly lower premiums than daily drivers. Some policies offer tiered mileage-based pricing.
Membership of the Vintage Car Club of NZ or other recognised clubs may qualify you for 5 - 15% discounts.
Heavily modified vehicles or non-original restorations may attract higher premiums. Period-correct restorations in original condition are generally cheaper to insure.
Indicative annual comprehensive premiums by vehicle era and value for an experienced owner.
Disclaimer: These figures are indicative estimates only. Actual premiums depend on the specific vehicle, its condition, agreed value, usage, and storage. These are not quotes.
Practical ways to reduce your classic car insurance premium.
Membership of the VCC or other recognised clubs can earn 5 - 15% discounts and provides access to valuations and parts networks.
If you only use your classic for shows and occasional drives, a limited-mileage policy can significantly reduce your premium.
A locked garage, alarm system, and immobiliser can all reduce your premium. Climate-controlled storage may qualify for additional discounts.
Do not over-insure or under-insure. A professional valuation ensures you pay the right premium and receive the right payout if needed.
If you own several classics, multi-vehicle policies can offer significant savings compared to insuring each vehicle separately.
Monthly payments typically include fees and interest that add 5 - 10% to the annual cost. Paying upfront saves money.
What to check at renewal time for classic car insurance.
Classic car values can change significantly year to year. Ensure your agreed value is still accurate. Get an updated valuation if the market has moved.
Get quotes from specialist and mainstream providers. A specialist may offer better features even if premiums are slightly higher.
Ensure all modifications are declared, storage requirements are met, and mileage limits match your usage on the new policy.
Start the new policy on the same day the old one ends. Even a single day without cover is a risk for a valuable classic vehicle.
Steps to follow if your classic vehicle is damaged, stolen, or involved in an incident.
Secure the scene. Call 111 for emergencies. Move the vehicle only if safe to do so.
Photograph all damage thoroughly. For classic cars, detailed photos are critical for accurate repair assessments.
Lodge your claim promptly. Provide your agreed value documentation and any valuation reports.
Request a specialist assessor if possible. Standard assessors may not understand classic vehicle repair requirements.
Repairs are arranged with your chosen specialist, or you receive the agreed value payout minus excess.
New Zealand has a thriving classic car community with unique characteristics.
New Zealand has a vibrant classic car community. The Vintage Car Club of New Zealand - founded in 1946 - has over 8,000 members and 36 branches nationwide. Other popular clubs include the Classic Car Club of NZ, Mustang Owners Club, and marque-specific clubs for British, European, and Japanese classics. Regular events include the VCC National Rally, Ellerslie Intermarque Concours, and numerous regional shows throughout the year. Club membership can help with valuations, parts sourcing, and insurance discounts.
New Zealand is a popular destination for imported classic cars, particularly from Japan (JDM classics), the UK, and the US. Imported classics must comply with Waka Kotahi entry requirements, including emissions standards and safety inspections. NZ's relatively dry climate (compared to the UK) and absence of road salt (in most regions) means imported classics often survive well. Insurance for imported classics may require specialist cover - grey imports can sometimes attract higher premiums due to parts availability concerns.
What to look for in your classic car insurance Product Disclosure Statement.
Check how agreed value is determined, how often it must be reviewed, and whether a professional valuation is required. Some policies automatically adjust the agreed value at renewal.
Look for clauses about specialist repairers, parts sourcing, and whether the insurer can mandate standard parts. Classic car policies should allow for original or reproduction parts.
Check mileage limits, event coverage, and whether the vehicle can be used for driving experiences or wedding hire. Some policies restrict usage to personal, non-commercial use only.
Many classic car policies require enclosed, locked storage. Check whether temporary outdoor parking (at shows, cafes, etc.) is permitted and for how long.
Common questions about classic car insurance in New Zealand.
Disclaimer: The information on this page is for informational purposes only and does not constitute financial, insurance, or legal advice. All pricing shown is indicative and based on publicly available data as of early 2026. Actual premiums will vary based on your vehicle, its condition, agreed value, location, and usage. These figures are not quotes - always obtain a personalised quote directly from the insurer.
Note: Compare.org.nz earns referral fees from some providers featured on this page. Sponsored content is clearly labelled. Features, pricing, and policy terms may change without notice - always verify directly with the insurer before purchasing. For personalised financial guidance, consider consulting a licensed financial adviser.
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