My car is fully registered in NSW as the historic registration here is too restrictive for how I want to use my car. The only real cost is the greenslip (it was over $650 this year).
I've got comprehensive classic vehicle insurance with NRMA (as the other cars and house are with them too) and it's under $150 a year even with a decent agreed value. They do have limited km and use on the standard policy, but if you tell them you want more km or to use it daily they can charge you a bit more.
Quote:
we will not cover your vehicle if it is
• used on a regular basis for shopping, commuting to and from work, or to transport friends and family
• driven more than 8,000km during a 12 month period, or
• used for a business purpose or for hire,
unless
• you have told us in writing beforehand about the use of your vehicle for a purpose other than a hobby or recreational purpose
• we have agreed to cover you, and
• you have paid any additional premium that applies