4 Most reliable Insurance for Older Cars in South Africa

When thinking of insurance, there are certain details to consider if it involves classic cars and old cars. They may have an impact on the insurance that they can get with them. Explore today the types of insurance available for vintage and classic cars in South Africa, see what is best for you and see the options available that a driver can ask for. Remember that before applying you will need to make sure that your vehicle qualifies as classic.

Is there any insurance for classic cars in South Africa?

First of all, if you are thinking of getting car insurance for a classic car, you need to find out whether your vehicle is considered classic or not. How old does it have to be in order to be considered classic, though? A classic car will vary depending on the place, that is, whether it is a state department that is focused in the area of motor vehicles, an insurance company or a car club.

• Some car clubs recognize some vehicles as classic and so there is a list. A classic is generally referred to as a vehicle that was created between 1925 and the year 1948, although many exceptions can be found.

• In the case of insurance companies, vehicles are considered classics or antique if they are from fifteen or twenty years old or more, being kept in a garage when they are not being used, and when they have been driven or only a certain amount of miles, which generally is set at 2,500 miles every year. Some companies give drivers the possibility of 5,000 miles per year.

How is the insurance for cars older than 20 years in South Africa?

In some cases, there are insurance companies that require drivers who own a classic vehicle to have another car for regular use. It is very likely that you will have to get your vehicle appraised and ask for an insurance policy under an agreed value. A standard policy would be more expensive, so this option would cost less and you would obtain the actual value of your vehicle, should it be totaled or damaged. The vehicle owner together with the insurance company will discuss, under policy terms with a value agreed, the value of your vehicle so that it can remain covered. If you need to insure a vehicle of more than twenty years, there are some tips in some insurance companies to help you insure it better.

What is the best insurance for vintage cars?

If you are thinking of vintage cars, a comprehensive insurance is the ideal option since it is the most complete one. Generally, the definition of vintage cars as well as classic cars regarding motor vehicles fluctuates from state to state. A classic is considered to be a car of more than fifteen years, while in the case of an antique it would have to be of twenty five years or more. A vintage car would fall under any of these two categories and that will be decided by the company you choose as the insurer. Final del formulario

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How is mechanical breakdown insurance for older cars?

In the case of older cars, they need to have mechanical breakdown insurance that can back up the vehicle. In case you have an accident, your vehicle will be protected with car insurance. However, if it were to break down out of the blue, then there would be a repair bill needed. Extended as well as limited warranties can cover for the repairs and costs, but you should know that there are some restrictions. Mechanical breakdown coverage is meant to help you with the cost of those event you could not see coming. Now, how does this coverage work?

The coverage will cover for breakdown that does not have to do with an accident. This type of insurance is available for leased and new vehicles that have a low mileage. They are generally renewable until a vehicle is of a certain age. All the system as well as the parts of your vehicle would be covered with breakdown insurance. It includes much more than other manufacturer warranties. It works very similarly to an insurance policy for a standard vehicle. You can file a claim and purchase coverage. This is what it is covered:

• Transmission

• Brakes

• Air conditioning

• Steering

• Electrical components

• Engine

• Exhaust

• Fuel system

What is not covered?

• Corrosion

• Filters

• Lubrication, coolant and fluids

• Tires

• Issues that have to do with maintenance not carried out properly

• Regular tear and wear

• Oil changes and tune ups

• Intentional damage

• Spark plugs and filters

• Linings, shoes and brake pads

• Misuse of the vehicle

• Suspension alignment

• Wheel balancing or rotation

Which is the best insurance company for vintage cars?

These are some of the companies considered as great options in case you own a vintage car and want to insure it:

• Outsurance

• Hollard

• Fulcrum

• Old mutual

• Fiest

In case you have a vintage vehicle or an old one, you may have noticed that car insurance can be pricey. Your vehicle needs to be covered and so can turn to any of these car insurance agencies for vintage motor vehicles. The policies at Fiest, for instance, are for third party only. It is useful, although it is not as effective as comprehensive cover if the vehicle is driven on a regular basis.

In conclusion, is there insurance for older cars in South Africa?

As it was previously mentioned before, there is insurance for older, classic, and vintage vehicles in South Africa. Ask the companies displayed if they could explain to you how it works in each case and the cost for each type of insurance. As it was previously said, car insurance can be quite expensive when dealing with vintage vehicles and classic cars since they need to be taken care of more often and they need special coverage.

Author: Cristian Renella

Update: 30/09/2023