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10 year rule seems to be the norm on modern classics but age alone does not constitute a classic. Varies by insurer so youll need to do some calling around, I suspect however that GTTs & Williams (and similar) may be covered as modern classics, other more mainstream Renos wont be.
Done a brief search and some specify over £10k only, others that list the mk1 5s dont include Gordini turbos for some bizarre reason. 1981 also seemed like a cut off year.
I do agree though, that Willys may be covered by some, but sadly no the valver. One advantage of classic insurance is that it can be cheaper and they cover m-sport usage as well.