Collector plate for 15 yr old limited production car?

[GIZZ]

The E46 M3 CSL would not qualify at this time. CSL is just an edition of the M3 model with over 1500/yr sold worldwide .

[68style]

Yah some other defunct brands like Pontiac and Scion don’t count either because of that...

Saab qualifies though, I guess it had just enough separation from GM

[TouringTeg]

Reading Richard's post again, I would argue if the Cobra R qualifies, then the ITR and CSL should also qualify. They are all limited with countless changes that cannot be easily added or changed to a lower trim level.

Not to mention they all sell for multiples of the next lower trim level.

[Prostrho]

Originally Posted by twitchyzero

M3 is a model on its own, CSL is a ltd edition
Acura is a separate brand/marque from Honda
but apparently ICBC doesn't wanna recognize Olds/Saturn as a defunct brand

yeah count me out of going to the broker then taping a piece of paper everytime i wanna drive a collector's vehicle...even if i seldom drive it works out to be only like $100 cheaper than reg basic insurance for 6 months

Not sure what you're referring to about taping a piece of paper for collector vehicles. But you can freely drive your collector vehicle whenever you want EXCEPT for going to work/school. No other special requirements.

My annual premium is $300 vs $1700 for my daily driver.

As I mentioned above and a poster in this thread, they were able to get collector plates for their CLK 55 AMG.

I personally have experience successfully getting collector plates for my JDM Subaru Legacy Blitzen.

Initially ICBC rejected my application saying its just a Subaru Legacy and they made hundreds and thousands of them and does not qualify, however I got a document from Subaru Japan to state that the Blitzen is separate model and I got my application approved.

I'm sure same arguments could be made for a Subaru Impreza 22B versus a regular Subaru impreza 1.8 NA.

Or a Skyline GT-R V Spec Nur versus a Skyline sedan with a NA 2.0 automatic.

Other examples I have seen successfully approved as separate models:

2001 Mercedes E55 AMG Wagon (E class)
2002 Mercedes CL600 V12 (CL class)
2002 Mazda RX7 Spirit R (RX7)
1998 Nissan Stagea 260RS (Nissan Stagea )
2000 Volvo V70R (V70)
2000 Ford Mustang Cobra R (Ford Mustang)

[twitchyzero]

probably why they dont want it in a discounted rate class?

if it costs multiple to replace a write-off compared to a lower trim..what's their incentive?

just because it's strictly pleasure use the risk to payout is reduced exponentially? i know the f40 crash is an outlier but if i were a state-owned insurance corp i'd only insure rare vehicles if the premiums are in accordance to how difficult/costly it'll be to replace

edit: re prostrho i was referring to the other poster who was looking at multi-collector coverage vs just putting on temps

[Prostrho]

SVABC lobbied ICBC to allow car enthusiasts/collector to have this collector plate program in BC in the early 90s and we continue to have this program for 30 years. We should appreciate that Collector insurance program is available to us.

Collector programs/insurance such as these are also quite widely available in North America. It allows car enthusiasts/collector to have their prized possessions on the road without added cost of paying for Registration/emissions check for vehicles in certain States in the USA.

Hagerty also provide collector car insurance at reduced rates in the USA and Canada. I'm sure the people in the insurance industry has figured out that this program makes them money or else they wouldn't offer it.

My guess is that the people that drive these collector cars really do appreciate what they have and tend to drive more carefully and probably take extra care even about where they park to avoid door dings, or smashed windows etc. The demographics of the owners are probably more mature and do not want to risk losing their pride and joy.

Due to the reasons above and low kms driven, I supposed the end result in a very low claims rate for collector vehicles.

I'm sure there are some abuse, but the percentage is low and SVABC and ICBC encourages people to report abuses of the collector program to maintain the integrity of the program so car enthusiasts can continue to enjoy these benefits.

[Boostaholic]

Anyone know how do you cancel the annual insurance to put your collector car in storage for the winter? I used to just turn in my plate to broker and cancel the insurance then get a new one in the spring but I assume now the process will be different since it's a special plate?

[Prostrho]

Originally Posted by Boostaholic

Anyone know how do you cancel the annual insurance to put your collector car in storage for the winter? I used to just turn in my plate to broker and cancel the insurance then get a new one in the spring but I assume now the process will be different since it's a special plate?

My experience normally is that once you cancel insurance policy with collector plates insurance, they make you turn in your collector plates. You have to reapply.

So what I have done is insure the car for 6 months at a time for summer if I don't plan to drive it at all in the winter. I just let the insurance run out but I still keep the plates. I just re-insure it next summer with the same collector plate that has an expired policy and have no issues.

However, due to Covid policy, ICBC says you can now cancel insurance and maintain your plates. So check with your autoplan agent what the policys are now regarding collector plate cancellation.

[68style]

Yah you keep your plates when you cancel now because they can’t handle them / take them back in but you still cannot use the same plate again when you re-insure the vehicle again. Kind of silly.

[nismodrifter]

Originally Posted by Prostrho

My experience normally is that once you cancel insurance policy with collector plates insurance, they make you turn in your collector plates. You have to reapply.

So what I have done is insure the car for 6 months at a time for summer if I don't plan to drive it at all in the winter. I just let the insurance run out but I still keep the plates. I just re-insure it next summer with the same collector plate that has an expired policy and have no issues.

However, due to Covid policy, ICBC says you can now cancel insurance and maintain your plates. So check with your autoplan agent what the policys are now regarding collector plate cancellation.

so vehicle is sitting uninsured x 6 months?

[Prostrho]

Originally Posted by nismodrifter

so vehicle is sitting uninsured x 6 months?

Correct. My collector plated vehicle is parked in the garage during the winter months.

If you lived in a condo and your strata requires storage insurance. You can get a storage policy for it. But the cost of a storage policy isn't actually much cheaper than the collector plate policy. So when I lived in a condo I just kept the car insured all year round despite not driving it in winter to avoid salt/rain.

[Boostaholic]

What about selling the collector plate car? do the plate transfer to the new owner or the new owner needs to reapply?

[GIZZ]

The new owner needs to reapply.

And yes, same as said above... Some years I only insure my collector for half the year. Same with basic plates, once you cancel you can’t reuse the plate, just let the policy lapse and pick up with the same plate next time you insure.