Classic Car Insurance
At Brookfield, we understand the value of offering insurance for both private individuals and companies with significant car collections, as well as classic and vintage vehicles of higher value. We understand that your vehicle can be both a passion and an investment.We spoke to owners, from aficionados with a single automobile to large museum collections, to understand how we can live up to your expectations when a claim occurs. This is why our policy offers flexible cover – so that you don’t pay for protection you don’t need – and a vehicle value agreed between you and us from the start – to avoid any surprises.
Collector Vehicle Insurance in Brief
- Can be arranged for vehicles owned by companies and private individuals
- Option to insure at agreed value
- All-risk insurance as standard
- A single insurance certificate for all your vehicles
- Option to structure the insurance to cover damage occurring during transport and/or when the vehicle is driven under its own power
Our Classic Car insurance never includes Third Party Liability insurance. You must buy this from another provider if you intend to drive your vehicle on a public road.
Who can take out our Classic Car insurance?
- Owners of a single vehicle needing specialist cover
- Car museums
- Private car collections
What is required to insure a classic car with Brookfield?
Complete our contact request and provide basic information about the vehicles to be insured. Once we have received the information, we can verify whether our product suits your insurance needs and ask you to complete a questionnaire.
The vehicles we insure must meet specific requirements regarding age, condition, and usage. Please contact us if you are uncertain or submit an inquiry.
What does Classic Car insurance include?
- Fire
- Burglary
- Vehicle theft
- Vandalism
- Damage during transport
- Damage occurring when the vehicle is driven under its own power
“Our insurance for classic cars and collector vehicles covers the damage cost up to the insured amount without deduction for age or wear! The deductible is adapted according to the type of vehicle and usage.”
– Leonard Münz
How much does classic car insurance cost?
The price of classic car insurance depends primarily on the type of object to be insured and the value of the collection.
The premium is generally paid annually. Insuring a car collection with an insured amount of three million kronor costs from 9,000 kr and upwards.
What should one consider when insuring a valuable classic car or collector vehicle?
Brookfield’s classic car insurance is not designed for vehicles driven daily, but rather resembles insurance for a collectible in its structure. Just as with any collectibles or work of art, valuable and rare cars require a different type of insurance than mass-produced vehicles.
Particularly important is that the insured amount is sufficient and that you are confident about the basis for how your compensation will be calculated in the event of damage.
No motor liability insurance: Brookfield’s insurance for classic cars covers only loss of the vehicle or damage to the vehicle itself.
This means you must always arrange third party motor liability insurance separately with another insurance company if you intend to drive the vehicle.
Car insurance vs. classic car insurance
Brookfield’s classic car insurance is not designed for vehicles driven daily, but rather resembles insurance for a collectible in its structure. Just as with any collectibles or work of art, valuable and rare cars require a different type of insurance than mass-produced vehicles.
Particularly important is that the insured amount is sufficient and that you are confident about the basis for how your compensation will be calculated in the event of damage.
No motor liability insurance: Brookfield’s insurance for classic cars covers only loss of the vehicle or damage to the vehicle itself.
This means you must always arrange third party motor liability insurance separately with another insurance company if you intend to drive the vehicle.
The advantage of insuring a valuable classic car, collector vehicle, or car collection with us
Our classic car insurance offers wide and flexible cover and an insured amount that can be agreed with us from the outset – an agreed value.
Brookfield vs Traditional Car Insurance
| Brookfield | Traditional Car Insurance | |
|---|---|---|
| Offers insurance at agreed value | ✓ | – |
| All-risk insurance as standard | ✓ | – |
| No upper limit on how valuable vehicles can be insured | ✓ | – |
| For private clients, company-owned collections, museums, or specialized car dealers | ✓ | – |
| Single insurance certificate for all vehicles | ✓ | – |
| Insurance coverage adapted to how you use each vehicle | ✓ | – |
| Independent claims settlement where choice of workshop is made individually depending on type of vehicle | ✓ | – |
What happens if a car increases in value?
If you have taken out classic car insurance with us at Brookfield, you can contact us at any time to increase the sum insured if the car has increased in value. This provides the opportunity to agree on exactly what compensation you will receive if an accident occurs. Review the value of your collection regularly.