What age does a car become classic?

Is your ‘classic car’ your pride and joy? Is it a genuine classic or are you talking about that rusty old banger in the garage? Well, you might be surprised to learn that even if it’s a dodgy tin can on wheels, it could still be a classic. That’s because the definition is pretty fluid, depending on who you ask.

Is your ‘classic car’ your pride and joy? Is it a genuine classic or are you talking about that rusty old banger in the garage? Well, you might be surprised to learn that even if it’s a dodgy tin can on wheels, it could still be a classic. That’s because the definition is pretty fluid, depending on who you ask.

Daniel Hutson
Head of Motor Insurance
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Posted 24 SEPTEMBER 2021

When does an old car become a classic car?

In truth, there’s not really a definitive answer. Some enthusiasts think classic cars have timeless design, technological or nostalgic value, and embrace the idea of modern classics. But if you’re using car tax exemption as a cut-off point, then any car that’s aged 40 years or older is a classic.

If, however, you ask HMRC for a definition, then it’s anything that’s at least 15 years old and worth a minimum of £15,000. Ask a random selection of insurance providers and they’ll probably all tell you something different.

What’s the difference between veteran, vintage, post-vintage and classic cars?

In short, a classic car is like beauty – it’s in the eye of the beholder. But, as a general guide, here’s what the car connoisseurs say.

Type of car Definition Example
Veteran Anything made before WW1. Renault Voiturette
Vintage Anything made before 1930. Rolls Royce Phantom
Post vintage Anything made between 1930 and 1945. 1935 Talbot 65
Classic A matter of opinion but something desirable that isn’t made anymore. Lotus Elan

Are any newer cars considered classics?

According to the HMRC definition, it’s impossible for a ‘newer car’ to be considered a classic. However, you might be surprised to learn that some much-loved models have recently earned classic status.

For example, the Fiat Panda recently turned 40. First designed with mass production and easy repairs in mind, owners of first-generation models haven’t had to pay to tax their car since 2020. It’s hard to imagine that such a popular car in today’s market (especially in Italy) is considered a classic.

More recently, the Audi TT seems to have become a modern-day classic. The design icon made a big impact when it was first released in 1998 and first-generation models have remained a favourite with enthusiasts, helping to retain their value. By many people’s standards, that’s enough to make it a classic.

Wondering which cars could become classics? Read about affordable future classic cars.

My car’s pretty old. Do I need classic car insurance?

Because there’s no hard and fast rule about what a classic car is, it depends on the insurance provider. Most mainstream insurance providers will insure cars built from the 1970s onwards, and you can compare prices for cars from this era at Compare the Market. Get a quote for  classic  car insurance.

If your car is any older, though, you might need to consider specialist classic-car insurance.

What do I need to consider with classic-car insurance?

This is a specialist and often bespoke area of car insurance, so make sure you research it properly and give your insurance provider all the information they need. This includes:

  • Agreed valuation – this means you agree up-front with your insurance provider how much your car is worth, so that in the event of total loss you can be reimbursed. Getting an industry expert or classic-car dealer to help provide a valuation could be useful.
  • Modifications – it goes without saying that if you’ve modified or restored your car, then you should let your insurance provider know. Not doing so could invalidate your policy, or you run the risk of lowering the value of your prized possession.
  • Where you’re going to keep your car, especially overnight – some insurance providers might expect you to keep the car in a garage at the same postcode as your home – so check the policy details before you buy.

If you’re deciding whether or not to invest in a classic car, then bear in mind that parts might not come cheap. Let’s be honest, classic is just another word for old – and old in the context of cars can mean it’s hard to fix and find parts for.

Before you buy, it’s worth checking your insurance provider’s rules to make sure you’ll be entitled to authentic replacement parts. So, while you may have a hankering for something cool and vintage, the demands on your wallet might not be so welcome.

How can I lower the cost of my classic-car insurance?

Follow these steps for cheaper car insurance

  • Improve the security – classic cars don’t benefit from the security features we have these days, like factory-fitted immobilisers, so it’s worth thinking about getting your car fitted with an approved security system. This could help when you’re out and about. But you may need to speak directly with your insurance provider to see how any possible improvements could be reflected in your premium.
  • Track it – you could also consider getting a tracking device fitted. That means if the worst happens and someone makes off in your beloved classic, then you have a chance of finding it and getting it back.
  • Cut down on your mileage – it’s also worth knowing that if you limit your mileage, you could get some decent discounts (just make sure you’re honest about how much you’ll be driving your classic).

How can I find the right classic-car quote?

That’s the easy bit – you can search for a quote right here with us. You just need to tell us about you and your car and, if it’s a post-1970 classic car, we’ll do the rest.

Frequently asked questions

Can I insure a classic car for business?

Insurance providers will happily cover a classic car used for business purposes. When comparing quotes, you should specify how you use your car to make sure you’re covered for however you use your vehicle.

Can I insure my classic car even if it’s declared SORN?

Some insurance providers offer laid-up insurance, otherwise known as SORN insurance. It can cover your classic car while it’s declared off-road or SORN, to protect it against accidental damage, theft or vandalism. Please note: we don’t compare quotes for SORN insurance at Compare the Market.

Does my classic car need an MOT?

If your classic car was built or first registered more than 40 years ago, you won’t need to arrange a regular MOT. You should make sure that there have been no ‘substantial changes’ to the car in the last 30 years. If you’re not sure what that includes, check the gov.uk website for more details.

See more on MOTs for classic cars.

What are the benefits of joining a classic car club?

As well as the chance to socialise with other fans of your particular classic, you might be able to save on your car insurance by joining a classic car club. Insurance providers sometimes offer discounts, because they expect club members to value their vehicle and look after them properly. You could get help with valuations too.

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