Is your collector car protected with the right insurance in Australia? Owning a collector car in Australia is a dream for many car lovers. These cars are often old, rare, and unique, making them very special in this era. Some people collect vintage cars, while others own classic muscle cars or limited-edition sports cars, giving you feelings of luxury. No matter what kind of collector auto you have, you must protect it with the right Australian car insurance.
Regular car insurance is designed for everyday cars that lose value over time. However, collector cars are very different from simple and common vehicles. They are driven less and sometimes increase in value over the years. This means they need special car insurance to make sure they are properly covered.
If you own that car, you might wonder which car insurance company is the best for your needs. In this guide, we will explain why collector cars need special insurance and list the best insurance providers in Australia that offer coverage for these special vehicles.
Why Do Collector Car Need Special Insurance In Australia?
Collector cars are not like normal cars because they are unique, expensive, and sometimes very old, which makes them rare compared to other common Australian vehicles. Because of this, they need different types of collector car insurance coverage.
Here are some key reasons why collector autos need special insurance:
1. Agreed Value Coverage For Collector Car
Most car insurance companies in Australia use the market value to decide how much your auto is worth. However, the market value may not reflect the true worth of your collector cars.
With the agreed value coverage, you and the collector car insurance company agree on the value of your car. If something happens to your car, you will be paid this agreed amount. This is very important because collector cars often have values that are higher than normal cars in Australia.
2. Limited-Use Policies For Australian Collector Car Insurance
Many collector car owners do not drive their cars every day. These cars are often kept in garages and only driven on weekends or for special events.
If you do not use your collector car for daily driving, some insurance companies will give you a discount. This is because a vehicle that is rarely driven has a lower chance of accidents.
3. Restoration Coverage Of Collector Autos
Some collector cars in Australia are under restoration, meaning they are being repaired or rebuilt. If your vehicle is in the process of being restored, you should get restoration coverage.
This type of car insurance will protect your car even while it is being repaired. It will also cover any damages that might happen during the restoration process.
4. Spare Parts Coverage
Finding spare parts for collector cars can be very difficult. Some parts are rare and expensive because they are not made anymore.
Some car insurance companies offer spare parts coverage, which means they will help pay for replacement parts if your car needs repairs. This is important because repairs for collector auto cars can be much more expensive than for regular vehicles.
5. Event and Show Coverage
Many collector car owners like to take their cars to shows, exhibitions, or club events. Due to this, some insurance companies offer special coverage for these events.
If you plan to display your car at shows or drive it in parades, you should check if your insurance policy includes event coverage. This will ensure your vehicle is protected while on display or being transported.
Now that we understand why cars need special insurance let’s look at the best collector cars insurance companies in Australia that offer these policies.
1. Shannons Collector Car Insurance In Australia
Why Choose Shannons?
Shannons Insurance is one of the most well-known Australian car insurance companies for collector car owners. They offer coverage designed specifically for classic, vintage and rare cars.
Key Features:
✅ Agreed value coverage to protect your car’s real worth
✅ Spare parts and restoration coverage included in policies
✅ Discounts for cars that are rarely driven
✅ Roadside assistance in case of breakdowns
✅ Coverage for club events and car shows
Many classic car owners trust Shannons because they provide flexible policies and excellent customer service.
2. Ryno Collector Car Insurance
Why Choose Ryno?
Ryno Insurance offers coverage for classic, muscle and custom cars. They focus on providing insurance that fits the unique needs of collector car owners.
Key Features:
✅ Agreed value coverage for a fair payout
✅ Options for cars that are only driven occasionally
✅ Covers modified, classic, and muscle cars
✅ Spare parts coverage included
✅ Great for cars with rare or custom parts
If you own a modified collector car or a car that is driven very little, Ryno Insurance is a great choice.
3. Famous Collector Car Insurance
Why Choose Famous Insurance?
Famous Insurance specializes in performance and collector cars. They offer flexible insurance plans for classic, hot rod and vintage vehicles.
Key Features:
✅ Agreed value coverage to protect your investment
✅ Covers cars under restoration
✅ Includes roadside assistance for breakdowns
✅ Discounts for cars that are driven very rarely
✅ Flexible payment plans available
If you own a performance or high-value collector car, Famous Collector Car Insurance is a solid choice.
4. MB Collector Car Insurance
Why Choose MB Insurance?
MB car Insurance offers premium coverage for collector, luxury and prestige cars. They provide tailored policies to meet the needs of owners with rare and valuable vehicles.
Key Features:
✅ Agreed value policies to ensure full protection
✅ Covers classic, luxury and prestige vehicles
✅ Flexible policies for cars that are rarely driven
✅ Includes coverage for rare and expensive spare parts
✅ Excellent customer service and claims support
If you have a luxury collector car, MB Insurance is one of the best choices.
5. NRMA Veteran, Vintage, and Classic Collector Car Insurance
Why Choose NRMA?
NRMA is a trusted name in Australian car insurance companies. They offer special coverage for classic and vintage cars and they also have been in the insurance industry for a very long time.
Key Features:
✅ Agreed value coverage for your peace of mind
✅ Discounts for limited-use collector cars
✅ Covers club-registered vehicles
✅ Includes restoration coverage
✅ Access to a wide repair network
If you own a vintage or classic car, NRMA is a reliable choice for car insurance.
Conclusion:
Owning a collector car is a great experience, but protecting it with the right insurance is very important. Regular car insurance may not be enough for these rare and valuable vehicles.
The best collector car insurance companies in Australia include:
- Shannons Insurance – Best for classic and vintage cars
- Ryno Insurance – Best for modified and custom collector cars
- Famous Insurance – Best for performance and hot rod cars
- MB Insurance – Best for luxury and high-value collector cars
- NRMA Insurance – Best for vintage and historic vehicles
Before choosing an insurance policy, make sure to compare different car insurance companies, check for agreed-value coverage and look for discounts if your car is rarely driven.
By choosing the right collector car insurance, you can protect your valuable car and enjoy peace of mind for years to come. 🚗💨
