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Classic Cars Vs. Vintage Cars Vs. Antique Cars

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

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Car Insurance Reviews

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  • Iffco Tokio Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance was taken from Iffco Tokio. Through online i have purchased the policy because the premium amount is less and the coverage is high. I pay the premium amount of Rs. 6500 for that they are offering a coverage amount of Rs. 2.50 lakhs. I do not have any claim experience till now.
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  • New India
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    "Excellent Policy"
    0.5 5.0/5 "Blown Away!"
    One of my friend is working in New India so with him i bought the policy. I pay the premium amount of Rs. 15000 and this is a bumper to bumper covered policy. I got the IDV value of Rs. 6 lakhs. I do not have any claim experience and i got the no claim bonus too.
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    , dindigul
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    "Very Nice Policy"
    0.5 5.0/5 "Blown Away!"
    For my car insurance, i'm paying the premium amount of Rs. 10000 every month. I took the car insurance from Royal Sundaram because the car taken showroom members have given this policy. The policy covered with bumper to bumper facility.
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    , hyderabad
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  • ICICI Lombard Car Insurance
    "Satisfactory"
    0.5 3.0/5 "Satisfactory"
    At the time of purchasing the car, I got an insurance from ICICI Lombard through the showroom which I have continued for 5 years but am not having car. It was satisfactory and had a neutral experience. I used to get reminder msg and calls for the policy renewal. I had a claim and which was dealt by showroom and the process was hassle free. Actually, the policy was bit costlier than the insured value of vehicle before 3years ago.
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    , kanpur
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    "Good"
    0.5 4.0/5 "Great!"
    HDFC ERGO given me a third party insurance and for one time, they have charged me only 6K. The policy validity is 4 years. Its a zero dep policy. Its good but I don't have claim experience. I have received the insurance paper through post. Overall good.
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    , pune
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    "Good Policy"
    0.5 2.0/5 "Expected more"
    My car insurance was taken from New India because the car dealer has provided me this policy. I had paid the premium amount of Rs. 33000 and this policy gives me a coverage of 100%. My claim experience is good and they had processed the claim in 24 hours.
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    , bhopal
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  • United India Car Insurance
    "Better"
    0.5 4.0/5 "Great!"
    I have Hyundai car which is more than 18years, United India is charging me insurance fee around 3500rupees for one year policy. They are sending the insurance paper on time. Its a third party insurance. The claim is not applicable. IDV is less which can be better.
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    , palakkad
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  • Reliance General Car Insurance
    "Easy and Good policy"
    0.5 5.0/5 "Blown Away!"
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    , erode
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  • United India Car Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
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    , vijayawada
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  • Iffco Tokio Car Insurance
    "Need improvement on the cash garages"
    0.5 4.0/5 "Great!"
    In 2017 I used Iffco Tokiyo for the car protection, the premium cost was economical. But they don't have cash less garages for certain demise hence I have moved other insurance company. The online option is very good for renewal and other purpose.
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    , sonipat
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  • Iffco Tokio Car Insurance
    "Need improvement on the cash garages"
    0.5 4.0/5 "Great!"
    In 2017 I used Iffco Tokiyo for the car protection, the premium cost was economical. But they don't have cash less garages for certain demise hence I have moved other insurance company. The online option is very good for renewal and other purpose.
    Was this review helpful? 0
    , sonipat
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  • New India Car Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    For my Honda city car I took New India assurance, I used to pay Rs. 21,000 per annum they gave me insured value upto 70 to 75%. I got bumper to bumper zero depreciation it has the cash garages. There is no claim experience so far, the renewal process is very easy through online.
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    , sonipat
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    "Good"
    0.5 5.0/5 "Blown Away!"
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    , visakhapatnam
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    "Good"
    0.5 4.0/5 "Great!"
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  • Oriental Insurance Car Insurance
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    0.5 5.0/5 "Blown Away!"
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    , bangalore
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    "No claim Experience"
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    "Good Experience"
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    , panipat
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  • HDFC Ergo Car Insurance
    "Good Protection "
    0.5 5.0/5 "Blown Away!"
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    , panipat
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  • ICICI Lombard Car Insurance
    "Good for car policy"
    0.5 4.0/5 "Great!"
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    , gurgaon
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  • United India Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    United India renewal process is very easy and they give reminder call before the due date. I paid Rs.7800 for per annum for my bumper to bumper plan, they are providing road side assistance, 24 hours. They do have no claim bonus for my renewal. The service is prompt I able to reach them at any time.
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    , coimbatore
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