Hello everyone!

My FB is 29 years old, here in Ontario, once the car is 25 years old you can register it as a classic/collector/historic/whatever they like to call them at "soursuzy moneygrabber's" aka the MTO.

I am wondering what I should do, and what the pros and cons are. I'm 20, so right off the bat im in a tough spot for insurance. I am wondering how insurance prices for a FB are in ontario, do they suffer from sports car inflation?

Can i plate it as a classic but insure it with a company in a daily driver policy, or do I have to put it under a collector car insurance policy?

Basically I'm looking for all the information and experience that I hope some of you have already been through. The car isn't on the road, but I'd hope to get it on the road within the next month or so, to drive atleast a bit before the end of summer..

Thanks!

 

Aren't you only allowed like 10'000kms a year on a car registered as a classic?

 

I thought the classic/historic vehicles plates started at 30 years old?

 

The car has nothing to do with anything.

In auto insurance, the least important factor in generating your premium is the vehicle you drive. The most important is where you live.

I've made extensive posts on insurance in this forum, feel free to do some searching under my name in here.

What insurance you have has nothing to do with your plate. Any mileage restrictions attached to collector plates (of which I know nothing about) has nothing to do with your insurance. We don't ask about your plate.

To get "collector" insurance (aka, Silverwheels, Hagerty) you need to have a vehicle that is over 15 years of age, and you must have held a G license for a minimum of 10 years. Additionally you must have a daily driver that is insured year round. Being that you're 20, you have not had a G license long enough (if you have your G at all, and if you don't, go get it, it's the best thing you can do to save on insurance)

-Geoff

 

Thanks for the clarification, I'll look into your previous posts!

 

I bet if you car is tagged as a collector or classic, it can't be used as a daily driver or for basic transportation. If you do and are found out, you could end up charged with an unrigistered vehicle. It would cost you more than you saved!

 

If I remember correctly, collector/classic plates are virtually useless, allowing you to only drive like 1000km a year or something like that. That basically allows you to drive to and from relatively local car shows and parades only. The only time you want a plate like that is if you have a trailer queen more or less.

 

i believe it's 3000 km a year. Also, the vehicle has to be 30 years old, when i got my car, i asked about the plates.

And to answer your question, no you do not want a silver wheels style insurance program, or a historic plate on your vehicle.

 

Sorry guys, but clearly with the varying answers your best bet is to just wander into the MTO nearest you and ask. They will know, or can give you a pamphlet that will tell you what you need to know.

 

Too far, it's across town, I think they're website will tell me just as much. Thanks for the opinions!