who provides good ? Cheap classic car insurance
01-04-2003, 04:33 PM
#2
Melting Slicks
Member Since: Oct 2002
Location: Manalapan FL
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Re: who provides good ? Cheap classic car insurance (Morgan6t9)
This was just discussed less than a month ago. Do a search in archives or current topics for "insurance" and I think you'll find it.
D. Ocean
Miami, FLA
D. Ocean
Miami, FLA
01-04-2003, 04:56 PM
#3
Le Mans Master
Re: who provides good ? Cheap classic car insurance (Morgan6t9)
http://www.parishheacock.com
Cheapest with best coverage I could find. Even used the pics off my web site to confirm agreed values.
Cheapest with best coverage I could find. Even used the pics off my web site to confirm agreed values.
01-04-2003, 05:21 PM
#4
Team Owner
Re: who provides good ? Cheap classic car insurance (78Vette-SA)
This is a popular topic, often discussed... why not again? :)
Lots of guys use Hagerty (sp?) and I have heard many good reports about that company. American Collectors covers many also. Leland West is an agency that has an excellent website - let's you get online quotes and compare many different levels of coverage. Important that you get "agreed value" insurance. Otherwise, if you total your $25k vette your insurance company may only pay you what a 69 Chevy is "worth"..... $500? Some tradeoffs.... to qualify for dirt cheap collector car insurance it cant be your daily driver, you need a good driving record, need a locked garage, mileage may be restricted (2500 to 3500 miles per year is common), car cannot be modified from original....etc, etc.... restrictions vary, but it can be the difference between paying $155/yr for a collector policy with some restrictions vs $1500/yr for normal type insurance. :) MJ
Lots of guys use Hagerty (sp?) and I have heard many good reports about that company. American Collectors covers many also. Leland West is an agency that has an excellent website - let's you get online quotes and compare many different levels of coverage. Important that you get "agreed value" insurance. Otherwise, if you total your $25k vette your insurance company may only pay you what a 69 Chevy is "worth"..... $500? Some tradeoffs.... to qualify for dirt cheap collector car insurance it cant be your daily driver, you need a good driving record, need a locked garage, mileage may be restricted (2500 to 3500 miles per year is common), car cannot be modified from original....etc, etc.... restrictions vary, but it can be the difference between paying $155/yr for a collector policy with some restrictions vs $1500/yr for normal type insurance. :) MJ
01-04-2003, 05:50 PM
#5
Burning Brakes
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Re: who provides good ? Cheap classic car insurance (Morgan6t9)
:) I have American Collectors Insurance Inc. 498 Kings Highway North, Cherry Hill, New Jersey 08002. They are a division of USAA Insurance. Through USAA I would have been paying about $900 every six months for a daily driver. With American Collectors I pay $269 a YEAR. Can not be driven by anyone that has had a drivers license less than 10 years,must be kept at home in a lockable garage,can not be raced,can not be used as a daily driver.mileage is limited to 2500 miles a year. Not bad considering the alternative! ;) :steering: :seeya
01-04-2003, 06:40 PM
#6
Racer
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Re: who provides good ? Cheap classic car insurance (Morgan6t9)
I have Hagerty www.hagerty.com . $272/yr. full coverage, no mileage limits, no deductible, $17K agreed value . The only stipulations are that the car be kept in a locked garage, it can't be driven to work, and at least one other car has to be conventionally insured as a daily driver.
Like MNJack says, whoever you go with it's important to have agreed rather than stated value coverage. With stated value you're pretty much at their mercy if you have a claim; with agreed value, you tell the company what value you put on the vehicle when you buy the policy - and if their underwriters agree - that amount will appear on the declarations page of the policy and it is exactly how much you'll receive if the car is totalled.
Like MNJack says, whoever you go with it's important to have agreed rather than stated value coverage. With stated value you're pretty much at their mercy if you have a claim; with agreed value, you tell the company what value you put on the vehicle when you buy the policy - and if their underwriters agree - that amount will appear on the declarations page of the policy and it is exactly how much you'll receive if the car is totalled.