Many people owning a classic car or more (i.e. a car over 20 years old) in Hong Kong, they use it as their 'weekend' car and share the fun with other car enthusiasts.
As a result, some insurance companies offer discounted third party and comprehensive motor insurance policiies that are priced based on your 'no claim bonus' entitlement as well as the number of miles you drive in a year.
As most classic car owners also have other car, it is common for some recognition for their driving record with their 'weekday' car to be given when providing a 'No Claim Bonus' to the classic car.
The mileage price point will differ between various insurers, but is typically between 1,000 and 5,000 miles (i.e. between 1,600km and 8,000km).
The costs rise incrementally if you exceed these limitations.
Classic car insurance has a much lower premium but only covers a certain amount of driving distance over a year. This is especially suitable for drivers with a movement permit as their driving distance most likely won’t exceed the limit.
Vehicles over 20 years, the insurer will classify it as a classic car and incur a higher premium. But even with the higher premium, very few insurers will provide comprehensive coverage for vintage cars as it is extremely hard, if not impossible, to find the right technician and machine parts to repair a damaged vintage car.
Yes, we offer a discount for classic car club members. Just let us know which club you’re a member of when you request your quote.
Looking for Student Travel Insurance?
From group health insurance to group life insurance, Navigator will connect you with the best deals for your business.
