Who Insures Your Collectable Car?
11-19-2007, 02:58 PM
#1
2018 Grand Sport
Thread Starter
Who Insures Your Collectable Car?
hello all,
Ok being a first time buyer of a collector car. Who does everyone have insurance with....I just called USAA and they gave me a quote of 292 a year and I can only put 2500 miles a year on it......Is this normal? who does everyone else have thiers insured with?? All kinds of new things with these older vehicles.
Joe
Ok being a first time buyer of a collector car. Who does everyone have insurance with....I just called USAA and they gave me a quote of 292 a year and I can only put 2500 miles a year on it......Is this normal? who does everyone else have thiers insured with?? All kinds of new things with these older vehicles.
Joe
11-19-2007, 03:08 PM
#2
Team Owner
Member Since: Oct 2000
Location: Washington Michigan
Posts: 38,899
Received 1,857 Likes
on
1,100 Posts
Hagerty. 
11-19-2007, 03:13 PM
#3
Melting Slicks
Member Since: Oct 2005
Location: New Jersey. The deer ate my Garden State.
Posts: 3,073
Likes: 0
Received 3 Likes
on
3 Posts
hello all,
Ok being a first time buyer of a collector car. Who does everyone have insurance with....I just called USAA and they gave me a quote of 292 a year and I can only put 2500 miles a year on it......Is this normal? who does everyone else have thiers insured with?? All kinds of new things with these older vehicles.
Joe
Ok being a first time buyer of a collector car. Who does everyone have insurance with....I just called USAA and they gave me a quote of 292 a year and I can only put 2500 miles a year on it......Is this normal? who does everyone else have thiers insured with?? All kinds of new things with these older vehicles.
Joe
11-19-2007, 03:21 PM
#5
Team Owner
State Farm
11-19-2007, 03:22 PM
#6
Melting Slicks
on my 1963 Z06 insured for $200,000 at just a little over $1000/year, with no deductible, towing, and all the other stuff through ACI- which is probably who USAA recommended/gave quote from - and, yes have 2500 mile/year restriction and have to "authenticate" mileage each year at renewal
11-19-2007, 03:55 PM
#10
Melting Slicks
hello all,
Ok being a first time buyer of a collector car. Who does everyone have insurance with....I just called USAA and they gave me a quote of 292 a year and I can only put 2500 miles a year on it......Is this normal? who does everyone else have thiers insured with?? All kinds of new things with these older vehicles.
Joe
Ok being a first time buyer of a collector car. Who does everyone have insurance with....I just called USAA and they gave me a quote of 292 a year and I can only put 2500 miles a year on it......Is this normal? who does everyone else have thiers insured with?? All kinds of new things with these older vehicles.
Joe
I can tell you I have been with USAA insurance for about 17 years. They DO NOT insure classic or collectible automobiles...Why? Apparently, a menber (nimrod)
was driving his classic (and rare) 
Ferrari EVERYDAY to his job. Parked it on the side of the road someone hit and DESTROYED it and USAA paided alot of monies out to this particular menber. After they settled the claim, they dont insure classic cars they redirect you to American collector insurance..I do use them...I have never heard anything negative about them..
www.americancollectors.com
Last edited by Blk63Vette; 11-19-2007 at 04:01 PM.
11-19-2007, 04:02 PM
#12
Melting Slicks
St. Farm, I have never had a claim for either Vette in 40 years, but I dont put many miles on them either. They do have some restrictions and they ask me for mileage every once in awhile. Whoever you use HAVE your car appraised so everyone is looking at the same page if there is a claim.
11-19-2007, 04:07 PM
#14
Race Director
5 cars with Haggerty. One claim, paid instantly. Never been asked for mileage after initially insuring each. With 5 cars I'm lucky to get 1k miles a year on each - sometimes I don't !
11-19-2007, 04:20 PM
#16
Team Owner
American Hobbyist:
http://www.americanhobbyist.com/p_faq.htm#4
Great rates, agreed upon value - no strict mileage limitations.
I think I pay $292/year for $50,000 agreed value...full coverage including inflation protection.
Frank
http://www.americanhobbyist.com/p_faq.htm#4
Great rates, agreed upon value - no strict mileage limitations.
I think I pay $292/year for $50,000 agreed value...full coverage including inflation protection.
Frank
Last edited by Frankie the Fink; 11-19-2007 at 04:23 PM.
11-19-2007, 04:21 PM
#17
Melting Slicks
After they settled the claim, they dont insure classic cars they redirect you to American collector insurance..
I do use them...I have never heard anything negative about them..
www.americancollectors.com
I do use them...I have never heard anything negative about them..
www.americancollectors.com
Anyway, I use them and have had no issues or complaints. They have a 2,500 mile limit but I have never submitted anything to validate that (though I do not even approach that limit). 2500 is actually a lot of miles unless you have some major road trips planned.
11-19-2007, 05:03 PM
#18
Drifting
Both of our antique cars are with Hagerty. I've never had any claims, so I cannot say how they would be to work with there, but their pricing is competetive and they have been very professional and prompt in handling all inquiries I've had.
My dad has his Model A Fords with them as well.
My dad has his Model A Fords with them as well.
11-19-2007, 05:09 PM
#20
Le Mans Master
Member Since: May 2000
Location: Halifax, Nova Scotia, Canada NS
Posts: 5,932
Received 107 Likes
on
51 Posts
I use Silver Wheels, my agent is Gary Steeves....
http://www.garysteevesinsurance.com/
He just about has the market in Atlantic Canada...
http://www.garysteevesinsurance.com/
He just about has the market in Atlantic Canada...