Classic Car Insurance Newmarket

Why Classic Car Insurance Matters

Owning a classic or collectible vehicle in Newmarket is a unique experience—one that standard auto insurance doesn’t cover properly. Traditional car insurance policies are designed for everyday vehicles that depreciate over time, not vintage models that often appreciate and require specialized care.

Classic cars face unique risks, such as theft, vandalism, costly restoration work, and difficult-to-find replacement parts. Even a minor accident could mean months of repairs or sourcing rare components that standard policies may not fully reimburse.

That’s where comprehensive coverage for classic cars makes all the difference. It protects the full, agreed-upon value of your vehicle—not just its depreciated market worth—while also covering damages, loss, and other unexpected events. With the right coverage in place, you can enjoy your classic car knowing it’s protected for what it’s truly worth.

What’s Included in Classic Car Insurance Coverage

When it comes to protecting your vintage vehicle, a one-size-fits-all policy just doesn’t cut it. A designed specifically for collectors and enthusiasts in Newmarket. Our policies combine flexibility, protection, and peace of mind—so you can focus on enjoying your car, not worrying about it.

Agreed Value Coverage

Unlike standard auto insurance, this ensures your payout matches the vehicle’s appraised value—not its depreciated market price. You’ll receive the full agreed amount if your car is stolen or declared a total loss.

The agreed value is determined through an appraisal that reflects your car’s current market worth, including recent upgrades, restorations, or custom modifications. These details help set an accurate value that truly represents your vehicle’s condition and uniqueness.

In many cases, appraisals can be done virtually, allowing you to submit detailed photos, documentation of upgrades, and maintenance records online. This convenient option helps verify your car’s value without needing an in-person inspection, making the process faster and more accessible—especially for Newmarket owners with ongoing restoration projects.

Comprehensive Coverage

Protects your car from risks such as collision, theft, vandalism, fire, or natural events—essential for preserving your investment year-round. With a classic vehicle, even minor damage can lead to costly repairs or the need for specialized parts that take time to source. Comprehensive coverage ensures those expenses are handled, whether your car is on the road, in storage, or being transported to a show.

It goes beyond standard policies by accounting for the true value and rarity of your vehicle. For Newmarket owners, where weather and seasonal storage are key considerations, comprehensive coverage helps shield your car from hazards like storms, fallen debris, or break-ins—so you can enjoy your classic with confidence, knowing it’s protected in every season.

Restoration and Spare Parts Protection

Covers the cost of repairing or replacing rare and hard-to-find parts, ensuring your car retains its originality and long-term value. For many classic car owners in Newmarket, restoration is a labour of love—one that often involves tracking down authentic components or commissioning custom-built replacements. These parts can be expensive and time-consuming to source, especially for limited-production or imported models.

With restoration and spare parts protection, you’re covered for the costs of specialized repairs, restoration work, and original components damaged in an accident or unexpected event. Whether it’s a vintage engine component, period-correct trim, or custom upholstery, this coverage helps maintain your vehicle’s authenticity and craftsmanship.

It’s an essential safeguard for collectors who value precision and authenticity—ensuring your car’s character and investment value are preserved for years to come.

Liability Coverage

Provides financial protection if your vehicle causes injury or property damage, offering peace of mind while driving to local car shows or events. Even though classic cars are typically driven less often, accidents can still happen—especially during special outings, parades, or test drives. Liability coverage ensures that if someone is injured or another vehicle or property is damaged, you won’t be left facing substantial out-of-pocket costs.

This coverage helps pay for medical expenses, repair costs, and legal fees that could arise from an at-fault accident. It’s particularly important for Newmarket classic car owners who enjoy attending community events or cruises, where public spaces and other vehicles are involved.

By including liability protection in your classic car insurance coverage, you can confidently enjoy every drive, knowing you’re protected against the unexpected—both for yourself and for others on the road.

Optional Add-Ons

Enhance your policy with additional protections that reflect how you use and care for your classic car. Many Newmarket enthusiasts only drive their vehicles on select weekends or during the summer, which means they need flexible coverage that extends beyond everyday use.

You can choose add-ons like transportation coverage, which protects your car while it’s being moved to and from exhibitions, auctions, or restoration shops—whether by trailer or professional carrier. Car show coverage safeguards your vehicle during public display, offering protection from accidental damage or unexpected incidents while you’re showcasing your pride and joy.

For owners who store their cars through Newmarket’s colder months, storage coverage adds peace of mind by protecting against fire, theft, or environmental damage while the vehicle is parked. These options help you customize your classic car insurance coverage to fit your driving habits, event schedule, and seasonal needs—ensuring your investment is protected every mile and every month of the year.

Who Qualifies for a Classic Car Insurance Policy in Newmarket

Not every vehicle—or driver—meets the criteria for classic car insurance coverage, as these policies are designed for vehicles that are driven sparingly and preserved carefully. Generally, eligible vehicles are 15 years or older, rare, restored, or collectible, and not used for daily commuting. They’re typically kept in excellent condition and stored in a secure, enclosed space when not in use.

Insurance providers also look at how the vehicle is used. Most classic cars in Newmarket are driven for leisure, car shows, and exhibitions, not for everyday errands or long commutes. Limited annual mileage helps maintain the car’s value and lowers risk, which can also lower premiums.

To qualify, owners usually need to provide photos, appraisals, and maintenance records that verify the vehicle’s condition and authenticity.

If you’re considering listing a younger occasional driver, some restrictions may apply. Many insurers require drivers to have a clean driving record and several years of experience, and often prefer that younger drivers not be the primary operators of the classic car. However, they may still be added as occasional drivers under certain conditions—especially if the car is used solely for leisure driving and properly supervised. In Newmarket, these requirements help ensure the vehicle remains low-risk and well-protected, preserving its legacy for years to come.

Benefits of Choosing Oracle RMS in Newmarket

When it comes to protecting a classic or collectible car, experience and local knowledge matter. Oracle RMS combines both, offering Newmarket owners a level of service and expertise that goes beyond standard insurance.

Local Expertise

Our brokers understand the unique aspects of classic car ownership in Newmarket, from popular community events and local car shows to seasonal weather patterns and road conditions that can affect vintage vehicles. Whether it’s the occasional spring cruise along Main Street, attending the annual Classic Car Show at Fairy Lake Park, or storing your vehicle safely during the snowy winter months, we know the risks and requirements specific to the area.

This knowledge allows us to recommend coverage that fits your lifestyle and protects your investment, including guidance on seasonal storage, transportation to exhibitions, and event coverage. By accounting for how, when, and where you use your classic car, Oracle RMS ensures your policy offers comprehensive protection tailored to Newmarket conditions, giving you peace of mind while enjoying your vehicle.

Experienced Brokers

We specialize in classic and collectible vehicles, bringing years of expertise and a deep understanding of what makes each car unique. We take the time to learn about your vehicle’s history, recent upgrades, custom modifications, and any restoration work that has been done. This thorough approach allows us to accurately assess its value and determine the most appropriate coverage for your needs.

Unlike standard insurance providers that may offer one-size-fits-all policies, our team crafts customized insurance solutions that ensure every aspect of your car is protected. From rare parts and restoration work to event coverage and seasonal storage, we identify potential gaps and design a policy that safeguards both your investment and your peace of mind.

Tailored Policies

Every classic car is unique, and every owner has different driving habits, storage routines, and usage patterns. At Oracle RMS, we take these factors into account to design customized policies that truly match your needs. Your coverage reflects your car’s current appraised value, the frequency and type of driving you do, and the conditions in which it’s stored—whether in a climate-controlled garage, seasonal storage facility, or at home.

For weekend cruisers, our policies ensure that your vehicle is protected during limited drives without unnecessary extra costs for unused coverage. For showpieces, we protect events, transportation, and public display, so your car is safeguarded wherever it goes. By aligning coverage with how you actually use and care for your vehicle, Oracle RMS helps you maintain your car’s value, enjoy it confidently, and avoid surprises when the unexpected occurs.

Tailored Policies

Every classic car is different, and every owner has their own way of enjoying it. At Oracle RMS, we recognize that your vehicle’s value, usage, and storage requirements are unique, so we offer customized insurance policies that reflect these individual factors. Your coverage is designed around your car’s appraised value, whether you take it out for occasional weekend drives, attend local car shows, or keep it primarily as a collector’s piece in secure storage.

We also consider how often and under what conditions you drive your vehicle, ensuring you’re protected during every outing without paying for unnecessary coverage when it’s not in use. This approach allows you to balance affordability with full protection.

Personalized Service

From your very first consultation to ongoing claims support, Oracle RMS is committed to providing personalized guidance at every stage of your classic car ownership journey. We understand that each vehicle and owner is unique, so our brokers take the time to answer your questions, explain coverage options, and help you make informed decisions that match your specific needs.

In the event of a claim, our team provides hands-on support, walking you through the process to ensure repairs, replacements, or appraisals are handled smoothly and efficiently. This level of attention minimizes stress and keeps your focus on enjoying your car rather than worrying about what-ifs.

How to Get Started

Getting your classic car insured in Newmarket is a straightforward process when you work with Oracle RMS. Here’s a simple step-by-step guide to help you get started:

1. Gather Vehicle Details and Photos

Prepare information about your car, including make, model, year, VIN, recent upgrades or restorations, and current condition. High-quality photos of the exterior, interior, engine, and any custom or rare components help brokers accurately assess value.

2. Confirm Storage and Security

Most insurers require proof that your classic car is stored securely when not in use. Documents that can confirm secure indoor storage include:

• Lease or ownership agreement for a private garage
• Photo evidence of the garage or storage facility
• Security system certifications or access control documentation

For vehicles stored in gated community parking, eligibility depends on the level of security. A gated lot with controlled access, surveillance, and restricted visitor entry may qualify, but insurers typically prefer fully enclosed, lockable spaces. Your Oracle RMS broker can advise if your current storage setup meets coverage requirements or if additional measures are recommended.

3. Contact an Oracle RMS Broker for a Consultation

Schedule a conversation with one of our experienced brokers to discuss your vehicle, driving habits, and storage arrangements. It ensures all factors affecting your coverage and premiums are considered.

4. Receive a Customized Quote and Coverage Recommendation

Based on your vehicle details, storage setup, and intended usage, we’ll provide a tailored policy recommendation. This includes agreed value, comprehensive coverage, liability protection, and optional add-ons that match your lifestyle.

5. Review Your Policy Regularly

Classic cars can appreciate or undergo upgrades over time. Regularly reviewing your policy ensures your coverage remains accurate and your investment stays fully protected.

Protect Your Classic Car Today with Oracle RMS

Your classic car is more than just a vehicle—it’s an investment, a hobby, and a piece of history. At Oracle RMS, our experienced brokers specialize in protecting collectible and vintage vehicles in Newmarket, offering customized policies that safeguard your car’s true value.

Don’t leave your prized possession to chance. Get a free quote today or speak with one of our brokers to explore coverage options tailored specifically for your car, your lifestyle, and your storage setup. With Oracle RMS, you can enjoy every drive, every show, and every restoration project with confidence and peace of mind, knowing your classic car is fully protected.

The Right Coverage For You

At The Best Price

“I purchased my first car a year and a half ago and called Oracle for car insurance quotes. They have excellent customer service – in particular, Chris was very helpful in getting me a great rate. He is extremely prompt at answering any questions I have about my policy and about anything insurance related! I highly recommend this brokerage.”

Andrea Lee,
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