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Classic Cars Vs. Vintage Cars Vs. Antique Cars

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We often mistake classic cars, vintage cars, and antique cars to be the same. But in reality, there are certain differences between the three. Their definitions often overlap with each other to some extent and thus it gives rise to a lot of confusion. Their definitions have different approach from different guidelines. The following discussion will throw some light on of each of the types of cars.

  • Classic cars: Sometimes, classic cars and antique cars are put under the same tag by definition. But there is a thin line that separates them. Cars that lie somewhere within the range of 20 and 40 years of age are generally defined as classic cars. Classic cars are expected to be kept as close as possible to the stock manufacturer design and specifications. The cars suffer from a significant loss of value if they are modified. The same is applicable even in case of engine modifications, stock accessory replacement, and the paint job. Not just that, a car might lose its standing as a classic car in case it undergoes too many modifications.

Another guideline suggests that cars built before 1925 cannot be considered as classic cars. Classic cars can include convertibles, muscle cars, sports cars, etc.

  • Antique cars: The definition for antique cars might differ from guideline to guideline. One of the most widely accepted guidelines for defining antique cars is that the car should be more than 45 years old. Like classic cars, antique cars are also to be kept close to the original production model, both in terms of technical and cosmetic features. But that also signifies that the owners might have to place special order for parts and spares, to keep the car running. An antique vehicle ranges from a car, truck, motorcycle, to even a farm tractor.
  • Vintage cars: Vintage cars and antique cars have an overlapping definition. Some vintage cars might qualify as antiques, but not all. Just like classic cars and antique cars, the definition of vintage cars also differ from guideline to guideline. One of the guidelines define vintage cars as the cars which were built between the time period of 1919 and 1930. Whereas, some consider the time period to be 1919 to 1925. However, unlike antique cars and classic cars, the vintage cars do not lose their value in case they are modified. Alterations made to the design or engine specifications do not make them any less of a vintage vehicle. Customised cars, street rods, and exotic cars fall under this category.

Insurance Policies For Classic, Antique, And Vintage Cars:

It is very important to buy an insurance policy to provide coverage to your classic, antique, or vintage vehicle, especially if the vehicle is driven. In most cases, the comprehensive insurance policy premiums for these vehicles are quite high and thus owners of these cars often go for the third-party liability insurance coverages.

Classic cars are insured under antique cars insurance plan. But it is to be kept in mind that different insurance companies might have different guidelines for defining classic cars. Guidelines that decide the qualification of a car as an antique vehicle are varied. So, before buying an insurance policy for your antique car get a copy of the regulations to have a clear idea about the definition and coverage. Along with the proof of age, a car has to be certified by the Vintage and Classic Car Club of India to be eligible for a vintage car insurance.

It is mandatory to have at least a third party liability insurance plan for a car to be driven on the roads. The third-party liability insurance policies are dependent on the car’s displacement. Nevertheless, if you want to cover your car against loss or theft or other damages, you have to choose a comprehensive plan. The comprehensive insurance plans are generally based on the value of the car. The owner and the insurance company has to agree to a particular monetary value of the car, as the insurance company is liable to pay off the agreed sum of money in case of total loss of the vehicle.

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

Car Insurance Reviews

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  • ICICI Lombard Car Insurance
    "Best Policy"
    0.5 5.0/5 "Blown Away!"
    I got Car insurance from Icici Lombard general insurance through As The premium amount is nominal one am satisfied with it , as it has low premium amount with cashless garages comprehensive cover with bumper to bumper coverage .Customer service and response is good . I pay it annually through online banking
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 15, 2019
  • Royal Sundaram Car Insurance
    "Not satisfied with the service"
    0.5 1.0/5 "Really Bad"
    I had taken this insurance policy a while back and the experience with them has not been that good. For making the claim it had taken almost 20 days which was not good and it was not convenient. The services of then has to be improved and their customer care has to be improved and the staffs should be more responsible.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 13, 2019
  • HDFC Ergo Car Insurance
    "Excellent Policy"
    0.5 3.5/5 "Pretty good"
    I had taken this insurance policy a long time back and i had been paying the premium on an annual basis. The premium amount was around 30,000 and the payment method has been simple. There has been a single claim which i had made so far and the services where very good and there has not been any difficulty faced.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 13, 2019
  • Royal Sundaram Car Insurance
    "Satisfactory"
    0.5 4.5/5 "Excellent!"
    I have chosen Royal Sundaram for car insurance and done a online comparison. I have received the insurance paper. The premium was reasonable and the policy period is one year. They have good garages and also they are giving me n-number of claims can be done in a year. It is a comprehensive plan.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Feb 13, 2019
  • review Car Insurance
    "Average "
    0.5 3.0/5 "Satisfactory"
    I took my car insurance in Kotak General Insurance because I have account with them. The premium was reasonable. The claim experience was bit tough and it was not beneficiary. The customer service was good but need to improve the garages for cashless. The policy coverage was good but my experience was not satisfactory.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Feb 13, 2019
  • Shriram Car Insurance
    "Good"
    0.5 3.0/5 "Satisfactory"
    I took my car insurance in Shriram General Insurance before 3 years. Its not purchased based on the premium because one of my relative is working here. The customer service was good. The policy coverage is also good. It is a one year policy and first party insurance.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 13, 2019
  • Reliance General Car Insurance
    "GOOD POLICY"
    0.5 4.0/5 "Great!"
    I have taken the car insurance policy with the RELIANCE GENERAL INSURANCE where the premium is nominal when compared to the others also the IDV value is good with this policy. They have provided the policy coverage of bumper to bumper with this policy.
    Was this review helpful? 0
    , namakkal
    Reviewed on Feb 12, 2019
  • United India Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have taken the car insurance policy with the UNITED INDIA INSURANCE where i have no claim experience with this insurance policy. I am using it since from last 3 years where the premium is lower compared to the others along with that they offers good IDV value.
    Was this review helpful? 0
    , new delhi
    Reviewed on Feb 12, 2019
  • review Car Insurance
    "Smart protection"
    0.5 4.0/5 "Great!"
    My showroom guy issued car policy from Bharati Axa, I didn't compare the cost of the policy. Its zero depreciation plan, bumper to bumper protection is there. They give 24 hours service, road side assistance its all standard. With best IDV on my Honda I20 car.
    Was this review helpful? 0
    , thane
    Reviewed on Feb 12, 2019
  • New India Car Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I took car insurance with New India Assurance for 1 year, a premium of Rs 5000 has to be paid for this insurance policy. There was no claim experience so far with this insurance. This policy has full coverage and the customer service is very good.
    Was this review helpful? 0
    , nasik
    Reviewed on Feb 11, 2019
  • Bajaj Allianz Car Insurance
    "Its Good but they need to provide less claim settlement"
    0.5 5.0/5 "Blown Away!"
    Bajaj Allianz cost of the car policy is reasonable, last year I paid the amount of Rs. 9000, now I need to pay Rs. 10,000 it has the benefits of zero dep and two times I have claimed it, first time my front mirror got damaged then second time back bumper got damaged. Only I paid the fine of Rs. 1000. Remaining they have taken care but claim settlement value is less, it should be 100%.
    Was this review helpful? 0
    , new delhi
    Reviewed on Feb 11, 2019
  • ICICI Lombard Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have purchased car insurance with ICICI Lombard. The premium was less when compared to others. I am using the service for one year. It is a third party insurance and it has bumper to bumper offer with zero dep and road side assistance. I have no claim and the hard copy have not received. I paid 13K through online to purchase the policy.
    Was this review helpful? 1
    , chennai
    Reviewed on Feb 09, 2019
  • Iffco Tokio Car Insurance
    "Good"
    0.5 3.5/5 "Pretty good"
    I am having a car insurance with Iffco Tokio. There is no claim experience. I have paid almost 10K for an insurance. My car is 3 to 4 years old, I think road side assistance is available. It is a first party insurance. The online payment is okay and very tedious.
    Was this review helpful? 1
    , gurgaon
    Reviewed on Feb 09, 2019
  • HDFC Ergo Car Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    When I was with HDFC Ergo, at the time the premium was reasonable for the car insurance, I have availed comprehensive third party with zero depreciation plan. Means its covered from front bumper to back bumper. I don't have any claim. However it has the 24 hours service , road side assistance.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 09, 2019
  • HDFC Ergo Car Insurance
    "Smart Protection"
    0.5 4.0/5 "Great!"
    I have comprehensive plan its covers 100% of vehicle parts, I have renault duster, the IDV value is based on the year that I have purchased. They insurer got tie up with many showroom and centers in my area. 24 hours service available for breakage, no claim benefits are also applicable.
    Was this review helpful? 1
    , bangalore
    Reviewed on Feb 08, 2019
  • Iffco Tokio Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I do have a car insurance with Iffco Tokio and my car is 5 years old. This is the only insurance company who can provided me a zero dep. The customer service was good. There was no claim experience till now. They do give a reminder call at the time of renewal. It is a first party insurance. Their policy coverage is also good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Feb 08, 2019
  • Tata AIG Car Insurance
    "Need Improvement"
    0.5 4.0/5 "Great!"
    Last year I had policy from Tata Aig, the cost wise they are higher, I got 40% cheaper price in ACKO insurer for my car policy. However the benefits are same like idv and the pre pick up from t he zone, tyer claim and complete interior, zero dep, bumper to bumper benefits. Tata Aig claim percentage is low, two year back I had claim it was small accident they delayed the process, at last I got the vehicle after 15 days it was cashless I done lots of follow up.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 07, 2019
  • HDFC Ergo Car Insurance
    "Trusted Insurer"
    0.5 5.0/5 "Blown Away!"
    Long back I had HDFC Ergo for my car, at the time they gave me best insured declared amount for my Maruthi car and the insurer got tie up with many centers. I never met any claim with them. During renewing or purchasing the plan the customer support is very helpful.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 07, 2019
  • Bajaj Allianz Car Insurance
    "Good Experience"
    0.5 5.0/5 "Blown Away!"
    The claim process was good, the response is very good with Bajaj Allianz . My car got damaged in the first portion they done some painting, then I paid the nominal charges of Rs. 1000, remaining the insurer took care. I have VOLKSWAGEN AMEO, the premium amount was Rs.15,000 for one year. Its a normal third party insurance for my car.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 07, 2019
  • National Insurance Car Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I had a car insurance with National insurance for one year and it was good. I had no claims with them. There was no reminder call from the customer service at the time of reasonable. The premium was okay but its quite high when compared to Bajaj Allianz.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Feb 04, 2019
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