What is the difference between an old-timer, a young-timer and an ordinary car insurance policy?

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In the Netherlands we have many different names to express the age of the car. Think of vintage cars and young cars. In general, most people know what an old-timer is, but a young-timer doesn't know every Dutch person yet? And how do you insure this type of car?

Oldtimer

An old-timer is an aged vehicle. Often no longer in production and in the case of certain insurers at least 25 years old. That can of course be a car, but also motorbikes and mopeds. Not only do you have cars that can be old-timers, other means of transport can also be qualified as an old-timer. You can think of motorbikes or mopeds. For some insurers, these vehicles only qualify as old-timer, if they are more than 30 years old. So five years older than with a car.

Young timer

A car is generally called a young timer when it is between the 15 and 25 years old. When you have a youngtimer insurance this is really just a car insurance that insures your youngtimer. Every insurer can handle this differently. For example, some insurance policies may say that a car is a youngtimer from 10 years, while other insurance policies indicate 15 years. If you want to insure your youngtimer you have to meet a few requirements. The young timer in question may only be used for hobby purposes. In addition, you may not drive more than 10.000 kilometers per year with it. The limit of certain kilometers varies per insurer.

What is a car insurance policy?

It is actually very simple. If you have a car it is possible that damage to the car will occur. This may have come from yourself, but it can of course also be that this happens through someone else. Partly for this, people are obliged to a car insurance to close. In the European Union, everyone is obliged to insure the car they drive. You are not allowed on the road with a car that is not insured. If you do this, you are punishable by law.

So there is little difference in the three insurance policies. They all insure your vehicle against damage caused by someone else and possibly caused by someone else. Only the conditions of the insurance differ from each other and therefore there are different insurance policies.

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