Collector Vehicle Insurance

Collector Eligibility

The following is also provided on the ICBC website and contains important information about your collector vehicle.

If your vehicle is 25+ years old or a discontinued model from the last 15 years, it might qualify for collector plates.

Age

To qualify, your vehicle must be one of the following:

• 25 years or older
• A limited production vehicle
  • ​​​15 years or older, and
  • ​​​​1 of no more than 1,500 of that make and model (not edition) produced worldwide by the manufacturer for that model year
• A discontinued vehicle
  • ​15 years or older, and
  • A manufacturer that owns the “trademark” or “make” of that vehicle has ceased manufacturing vehicles of any kind for at least the last five years

Collectible Condition

​A vehicle with any damage — regardless of vehicle age —​ does not meet the collectible condition.​

• Vehicle must be fully assembled with no missing parts and be in exceedingly good condition.
• Vehicle exterior must not have any dents, paint blemishes, bubbling, chips, rust, or visible primer. Body repairs to the vehicle must be completed according to professional practices and standards.
• Engine and engine compartment must be stock for the model year of the vehicle without any performance enhancements.
• Engine and engine compartment must be clean and detailed with no damaged, deteriorated or rusted parts.​
• ​Vehicle interior must be in excellent original or restored condition with no tears, stains, or significant wear. Minor restoration to the original upholstery are acceptable. Upholstery conditions also apply to motorcycle seats.
• Vehicle exterior, interior and engine must be clean and detailed.

Accepted Parts and Accessories

Your vehicle must be maintained or restored to a condition that conforms to the original manufacturer’s specifications and must be considered by ICBC to be of collectible value.

The engine and drivetrain must be stock for the vehicle model and year without any performance enhancements.

Acceptable after-market parts, era-correct accessories and safety upgrades can be found on the approved parts and accessor​ies list pdf (page 5 of the Application for Collector Motor Vehicle Program).​​

Click here for an application form

When insuring a classic car, consider how you will be using the vehicle:

• Will you only drive the vehicle to car shows or in a parade now and again? If so, your policy should be limited to those circumstances.
• Are you going to use your antique vehicle to go to the grocery store, hit the beach or visit a relative? Your policy should reflect this kind of usage.

Typical Coverage Inclusions

A typical classic car insurance policy includes the following:

• Agreed value coverage – pays for the car’s full-insured cash value with no depreciation in the event of a total loss, less your deductible.
• Low annual premiums – by finding a insurer who only specializes in collectible cars.
• Flexible usage – No restrictions on your on your pleasure use mileage. Hit the road for a weekend roadtrip, car show or parade.
• Inflation guard – to compensate for how classic cars increase in value over time, the policy increases the vehicle’s value quarterly.
• Spare parts coverage – coverage for personal tools used to maintain or restore collector vehicle.

Emergency Roadside Coverage

• Guaranteed flatbed towing with soft nylon straps
• Lock-outs, jump-starts, fuel delivery
• Tire change and winch-out service
• Up to 80 kilometers of towing included each time you need emergency roadside service
• Unlimited service calls – call as oten as you need for any emergency roadside services
• Towing services designated for collectors – covers up to 80KM of towing each time you need emergency service

• Reliance is a local Canadian business for over 40 years
• Save 33% on average compared to standard insurance
• Coverage designed for collector vehicles