Research 2014

Oldtimer owners can save a lot in many cases by taking another look at their vintage car insurance. Alpina comes to this conclusion after analyzing over 21 oldtimer insurance policies. It shows that the highest premium is more than three times as expensive as the lowest premium.

Direct-writers often low premium for third-party cover

Alpina' s vintage car survey shows that Meeus Insurance, with a premium of €60.24, offers the lowest premium for third-party coverage. Places 2 to 4 are occupied by so-called direct-writers. These parties work without the intervention of an intermediary. The most expensive old-timer insurance in this case was with Bovemij insurances with a premium of € 181.00.

Looking at the premium for hull coverage, GIO Advisory Group is the cheapest with a rate of 1.36%. For hull coverage, we do not encounter the first direct-writer until spot 10.

• All companies
• Explanation of research criteria
• Best vintage car insurance 2014
• Cheapest WA vintage car insurance 2014
• Cheapest All-Risk vintage car insurance 2014

Top 10 best vintage car insurance 2014

We assigned value points to the different parts of the vintage car insurance policies.
All these points added up to 1 total figure. Based on this total figure, TVM's oldtimer insurance is considered the best oldtimer insurance in 2014! View the total overview of TVM insurance here.

Click here for a complete list of the best vintage car insurance policies of 2014.

Top 10 best choice vintage car insurance for third-party coverage

We assigned value points to the different parts of the vintage car insurance policies.
All these points added up to 1 total figure. Based on this total figure and the calculated WA premium, Polisdirect' s vintage car insurance is considered the best choice vintage car insurance for and WA coverage in 2014!

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Top 10 best choice vintage car insurance for third-party cash coverage ( All-Risk)

We assigned value points to the different parts of the vintage car insurance policies.
All these points added up to 1 total figure. Based on this total figure and the calculated WA-casco (All-risk) premium, TVM' s vintage car insurance is considered the best choice vintage car insurance for and WA-Casco coverage in 2014!

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Cheapest vintage car insurance with third-party coverage

For our research, we conducted a premium comparison with all providers based on the following criteria:

• Coverage WA ( third-party liability).
• Use up to 5,000 kilometers per year
• Oldtimer is the second car and is used exclusively for hobby purposes
• Year of construction of the vintage car is 1985
• Driver is 25 years of age or older

From this it emerged, that Meets offers the cheapest vintage car insurance with third-party coverage , with a premium of € 60.24 per year.
Bovemij is the most expensive with a premium of € 181.00 per year. A difference of no less than 300 percent!

At Univé, unfortunately, it is not possible to calculate the premium for vintage car insurance online.

Also, the vintage car can only be insured with Univé if the first car is also insured there.

Basic principles oldtimer research

In the investigation, Alpina assumed a 1985 vintage car with a driver over 25 years old, maximum use of 5,000 kilometers per year and an appraised value of €5,000.00.

We have conducted an extensive market research on oldtimer insurers and the products offered in the field of oldtimer insurance in the Netherlands.
The insurance market with respect to regular passenger cars had already been reasonably mapped by several parties, but a sharp analysis of the oldtimer insurance market was not available, until now.

Vintage car insurance

Originally, vintage car insurance was marketed to allow the vintage car enthusiast, who only took occasional pleasure rides with the vintage car, to be able to insure the vehicle relatively cheaply and based on a fixed appraisal value. Given the premiums and background of vintage car insurance, therefore, in most cases a first car for daily use is required and trips of a regularity nature such as commuting and shopping are excluded from coverage.

Because the cost of claims has increased greatly in recent years -in part because classic car insurance is also frequently used as "old car insurance" instead of "hobby insurance"- many insurers have now dramatically increased premiums, tightened underwriting standards sharply, and even dropped some products altogether.

In short, the classic car market is under a lot of pressure. You can read more about this in the following article: oldtimer owners severely duped.

2014 vintage car insurance survey

Based on the main criteria on which to select vintage car insurance, Alpina.nl has compared current vintage car insurance products. These criteria are explained in detail below. Insurers appearing in the analysis may not be shown in the comparison module at www.alpina.nl. This is due to the fact that unfortunately not all companies work with intermediaries, and some products can only be taken out directly with the relevant insurer by the customer.

Structure of oldtimer survey

The vintage car survey is divided into several categories:

• Premium and deductible
• Acceptance
• Appraisal
• Use
• Damages and conditions
• At-risk

Cheapest vintage car insurance with All-risk coverage

In our research, we did a premium comparison for a premium based on the following factors with all parties:

• Coverage WA ( third-party liability).
• Use up to 5,000 kilometers per year
• Oldtimer is the second car and is used exclusively for hobby purposes
• Year of construction of the vintage car is 1985
• Driver is 25 years of age or older
• Appraised value amounts to €5,000.00

This revealed, that Gio advisory group offers the cheapest vintage car insurance with WA-Casco coverage (All-Risk), with a premium rate of 1.36%.

Vintage car insurance for young drivers

Not all classic car insurers are keen on drivers under 24. It is believed that this target group still has too little experience to drive a vintage car or automobile properly.

However, you can find companies willing to accept drivers under the age of 24. See opposite for a list of these companies.

Disclaimer

No rights can be derived from this research. Despite the fact that this study was compiled with the greatest care, the authors are not responsible for any inaccuracies or consequences, in part because the study is a snapshot.