Owning a classic car in Kenya is a dream for many car enthusiasts. These vintage vehicles are not only a symbol of prestige and style, but also a valuable investment. However, insuring a classic car in Kenya can be a bit tricky. In this article, we will discuss what you need to know about insuring your classic car in Kenya, including the best insurance companies and the cost of insurance.

Insurance Companies in Kenya That Accept Classic Cars

Not all insurance companies in Kenya accept classic cars for coverage. This is because classic cars are considered high-risk due to their age and value. However, there are a few insurance companies that specialize in insuring classic cars. Some of the top insurance companies in Kenya that accept classic cars include:

  • Heritage Insurance
  • CIC Insurance
  • APA Insurance
  • Jubilee Insurance
  • UAP Old Mutual Insurance

These companies have experience in insuring classic cars and understand the unique needs of classic car owners.

Cost of Classic Car Insurance in Kenya

The cost of insuring a classic car in Kenya can vary depending on several factors, including the age, make, and model of the car, as well as the insurance company you choose. On average, the cost of classic car insurance in Kenya can range from Kshs 50,000 to Kshs 200,000 per year. This may seem like a high cost, but it is important to remember that classic cars are valuable assets and require specialized coverage.

Factors That Affect the Cost of Classic Car Insurance

There are several factors that can affect the cost of classic car insurance in Kenya. These include:

  • Age of the car: The older the car, the higher the cost of insurance.
  • Make and model: Some classic cars are more expensive to insure due to their rarity and value.
  • Usage: If you plan on using your classic car for daily driving, the cost of insurance will be higher compared to limited usage.
  • Storage: Classic cars should be stored in a secure garage to reduce the risk of theft or damage. If your car is not stored in a secure location, the cost of insurance may be higher.
  • Driving record: Insurance companies will also consider your driving record when determining the cost of insurance. A clean driving record can help lower your premiums.

Tips for Insuring Your Classic Car in Kenya

  • Choose an insurance company that specializes in classic car insurance.
  • Make sure your classic car is appraised by a professional to determine its value.
  • Consider adding additional coverage, such as agreed value coverage, to protect the full value of your car.
  • Keep your classic car in a secure location to reduce the risk of theft or damage.
  • Maintain a clean driving record to help lower your premiums.

By following these tips and choosing the right insurance company, you can ensure that your classic car is properly insured and protected in Kenya.

Do you own a classic car in Kenya? Have you insured it? Let us know in the comments.

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