Shannons Insurance 2024: Classic Car Insurance and More
🚗 Introduction to Shannons Insurance
Shannons Insurance, an iconic name in the Australian insurance industry, has built its reputation by focusing on motoring enthusiasts. Established in the 1970s by a group of passionate car collectors, Shannons specializes in providing insurance for vintage, classic, and modified vehicles.
In 2024, Shannons continues to be a leading provider of specialty vehicle insurance, while also offering comprehensive options for daily drivers, motorcycles, and even home insurance for car lovers. This article explores everything you need to know about Shannons Insurance, from its key offerings to its customer service, pricing, and how it compares with competitors.
🏁 What Makes Shannons Unique?
Unlike mainstream insurance providers, Shannons tailors its policies to the specific needs of car collectors and enthusiasts. Some of the standout features include:
-
Agreed Value Policies for collector cars
-
Laid-Up Cover for vehicles not being driven
-
Salvage Rights for total-loss claims
-
Motorsport Event Coverage for certain car shows or track events
These perks make Shannons a trusted name among motoring communities across Australia.
🛡️ Shannons Insurance Products
Here’s a look at the core insurance products offered by Shannons:
| Product | Key Features |
|---|---|
| Car Insurance | Agreed value, choice of repairer, limited-use cover for classic cars |
| Motorcycle Insurance | Comprehensive protection for standard and collectible bikes |
| Home & Contents | Coverage tailored for garages, tools, car parts, and auto memorabilia |
| Vintage & Classic Cars | Specialist protection for show cars and collectible vehicles |
| Modified Cars | Flexible terms for vehicles with performance upgrades or aesthetic modifications |
💡 Agreed Value vs Market Value: Why It Matters
Shannons is known for offering agreed value insurance, especially critical for collector vehicles. Unlike market value policies that depreciate over time, agreed value ensures:
-
You know exactly what you’ll receive in case of a total loss.
-
Your car’s customizations and rarity are reflected in the insured value.
💰 Pricing and Policy Examples
Shannons provides competitive and flexible pricing based on the rarity, usage, and storage conditions of your vehicle.
📊 Estimated Pricing for 2024
| Vehicle Type | Premium (Annual) | Coverage Type |
|---|---|---|
| Classic Car (Laid-up) | $150 – $300 | Fire, theft, accidental damage |
| Daily Driver | $400 – $900 | Comprehensive cover |
| Modified Muscle Car | $500 – $1,200 | Agreed value with extras |
| Motorcycle | $200 – $500 | Theft, damage, third-party |
💡 Discounts are available for limited mileage, secure storage, and multi-policy bundling.
📲 How to Apply for Shannons Insurance
Applying for insurance with Shannons is easy, especially for those who meet their enthusiast-driven eligibility.
Step-by-Step Guide:
-
Visit the Official Site: https://www.shannons.com.au
-
Select Your Policy: Choose from car, motorcycle, or home & contents.
-
Provide Vehicle Details: Include modifications, value, storage, and usage.
-
Get a Quote: Online or call their enthusiast support team.
-
Submit Documents: If required, upload pictures or evaluations.
-
Activate Policy: Pay online and receive digital documents.
🛠️ Claims Process: Simple and Enthusiast-Friendly
Shannons prides itself on a fair and quick claims process, especially for those protecting collector cars.
📝 Typical Claims Timeline:
-
1–2 Days: Lodgment and assessment
-
3–5 Days: Approval and repair authorization
-
7–10 Days: Settlement or repair initiation
🔧 You can also choose your own specialist repairer—important for vintage car integrity.
🎯 Customer Feedback and Ratings
Shannons receives excellent reviews from Australia’s car enthusiast community. Most customers highlight:
-
Personal service from knowledgeable agents
-
Transparent policies tailored for classic vehicles
-
Respect for car values and proper claims settlements
On ProductReview.com.au, Shannons scores 4.5/5 stars, indicating a high level of customer satisfaction.
📈 Shannons in 2024: Industry Trends and Updates
As the automotive industry transitions to EVs and hybrid technology, Shannons has adapted to insure:
-
Electric classic conversions (e.g., EV-swapped Mustangs)
-
Modern collector cars like Teslas, BMW M-series, and Porsche GT3s
-
Custom motorcycles with upgraded electronics
They’ve also expanded motorsport event coverage, allowing insured vehicles to participate in low-risk, non-competitive events.
🧩 Shannons Insurance vs Competitors
| Feature | Shannons | NRMA | Allianz | AAMI |
|---|---|---|---|---|
| Classic Car Cover | ✅ Yes | ❌ Limited | ❌ No | ❌ No |
| Enthusiast Eligibility | ✅ Required | ❌ Not needed | ❌ Not applicable | ❌ Not applicable |
| Choice of Repairer | ✅ Yes | ✅ Limited | ✅ Limited | ❌ No |
| Laid-up Cover | ✅ Yes | ❌ No | ❌ No | ❌ No |
| Home & Auto Bundle | ✅ Tailored | ✅ Generic | ✅ Yes | ✅ Yes |
🔗 Internal Links (Vounesy.com)
🔗 External Resources
❓ Frequently Asked Questions
Can I insure a daily driver with Shannons?
Yes, although Shannons primarily serves enthusiasts, they do offer coverage for daily-use vehicles, especially when bundled with classic cars or bikes.
Are modified vehicles accepted?
Absolutely! Shannons welcomes modified vehicles and evaluates them on custom performance, appearance, and value upgrades.
What happens if I sell my classic car?
You can transfer your policy to another eligible vehicle or request a pro-rata refund on your premium.
✅ Conclusion: Is Shannons the Right Choice?
If you’re a car enthusiast, motorcycle collector, or classic vehicle owner, Shannons Insurance is one of the best providers in Australia in 2024. With agreed value protection, flexible repair options, laid-up coverage, and a deep understanding of the automotive community, Shannons delivers premium value and peace of mind.
Whether your vehicle is a showpiece, a Sunday cruiser, or a modified track toy, Shannons helps ensure your pride and joy is protected the way it deserves.