Being More
Discover how Morris Insurance can be your partner in finding the right coverage for your needs.
info@rjmorris.ca
235545 23rd Line,
Thamesford, ON N0M 2M0
Tel: 519.283.6608
Fax: 519.283.6012
Monday to Friday 8:30am – 4:30pm
Classic Car Insurance
Our passion for cars runs deep
Owning a classic or antique car in Canada is more than just a hobby—it’s a passion and an investment. These vehicles, whether lovingly restored or carefully preserved, are unique pieces of history that deserve special care and attention.
Unlike standard vehicles, classic and antique cars often have unique insurance needs due to their age, value, and how they’re used.
From agreed value coverage to flexible mileage limits, we offer policies that are designed specifically for collectors and enthusiasts.
Agreed Value Coverage
One of the most significant differences between classic car insurance and standard auto insurance is the agreed value clause. With agreed value coverage, you and your insurer agree on the value of your car before the policy is issued. Should the car be stolen or written off, you receive the full agreed amount—no depreciation calculations or haggling over market value.
Flexible Usage Restrictions
Classic and antique car insurance policies often allow for limited, pleasure-only usage, such as:
- Car shows
- Parades
- Club events
- Occasional leisure drives
Spare Parts and Restoration Coverage
Many collectors are actively restoring their vehicles. Classic car insurance can include coverage for parts and restoration projects, so your investment is protected even before the car is road-ready.
Expert Tip
What Sets Classic and Antique Cars Apart?
Before diving into insurance specifics, it’s important to clarify what qualifies as a classic or antique car. In Canada, insurers and automotive organizations generally consider:
- Antique cars: Vehicles typically 45 years old or older.
- Classic cars: Vehicles between 20 and 45 years old, often with historical interest or collectible status.
These aren’t just “old cars.” They're often meticulously maintained, appreciated in value, and driven less frequently than daily-use vehicles.
Why Standard Auto Insurance Isn’t Enough
Standard auto insurance policies are designed for modern cars that depreciate over time and are driven regularly. Classic and antique cars, on the other hand, often appreciate in value and are used sparingly—typically for exhibitions, parades, or pleasure drives. A standard policy might not adequately cover:
- The true market value of your car, especially after restoration or appreciation.
- Cherished salvage coverage, allowing you to keep your car after a total loss.
- Spare parts that can be rare or expensive.
- Valuable papers and tools linked to your vehicle.
- International coverage.
- Automatic new ride coverage.
- Roadside service.
- Special repair and restoration needs.
- Coverage for larger collections and high value vehicles.
That’s where specialized classic car insurance policies come in, offering tailored protection for your prized possession.
Why Choose Morris Insurance?
Morris Insurance is not just another brokerage. We are antique car collectors ourselves! And, we have decades of experience serving Canadian collectors, restorers, and enthusiasts. Our team understands the unique value, maintenance, and care that classic and antique vehicles require.
We work with leading underwriters who specialize in classic and antique car insurance, ensuring you get the best coverage and competitive rates.
