I know I'm not supposed to do this but.... Mine is registered as an antique - you only have to register it every 5 years that way.
The catch is: You're not supposed to drive it everyday. Only to shows etc.
I haven't ever had mine inspected. That said, I haven't ever been stopped by the police either. I have had police several officers take a look
while it's been parked and ask about it - just never asked about the inspection.
I know there is some conflicting info floating around - the tax office actually told me that if it's registered as an antique in doesn't require an inspection.
I think they are wrong - I just didn't want to put the ugly inspection sticker in my freshly polished forks.
I think if it's shined up really nice & purdy, they'll more often than not overlook the lack of inspection. If it looks like an everyday driver, I'd probably go ahead and get one.