mannymen

I just purchased a 1982 Corvette as a 2nd car and am wondering what is the norm for auto insurance. I called my state farm agent who insures my other 2 cars and quoted me $800 for full coverage for a 6 month policy. i then did a search online and found a company by the name of Hagerty that qouted me $209 for a year coverage. Do any of you have advice for me?

Crash Dummy

Quite a few forum members have Classic Car Insurance(Hagerty is one). The rules are pretty strict.....

1)Must be garaged
2)Must have another insured vehicle for daily use
3)Cannot be driven to work
4)Limited milage
5)Cannot be driven to the store and left unattended except for car shows, rod runs, etc.
6)No drag racing!(That's my tip!)

Guru_4_hire

If you arent 25+ and dont have a garage dont plan on stated value insurance

Guru_4_hire

According to Gieco my 73 vette is only worth $500 bucks. :rolleyes:

HawkIVette

I went through my local agent and he found a regional company that has insured my '75 Convertible for agreed value insurance (I chose $22,000) and cost is $402 per year/ no deductible. I can't drive it to work, over 3500 miles a year, and no one under 25 in my family can drive it (2 sons- 22 and 20)

mannymen

I guess i am stuck with state farm insurance. i do not have a garage and i want to take it to work every once and a while.

markdtn

Condon and Skelley will let you drive it to work occasionally, but I think you still need a garage.


[Modified by markdtn, 11:52 AM 10/20/2003]

Old Black Chevy

My insurance is with State Farm. I've got unlimited mileage and full coverage, on my '80 model. It runs around $61 per month. That includes a multicar discount, good driving record and I'm 52. Not sure but maybe Ashland, Virginia has a lower rate also. Enjoy your Vette!

Old Black Chevy

KenSny

I'm with State Farm for the Corvette, two '95 vehicles, and the house. I shopped around for "collector" insurance. But they were only a couple of dollars (about $10/yr) cheaper and with all the restrictions collector insurance requires I figured it wasn't worth it. I usually suspend the Corvette's insurance between Dec 1 and Mar 15. Makes it even cheaper. No insurance company is going to pay me what I have invested in the car so it's either keep my insurance cost low and enjoy the car, or go to higher costs with true appraisals and still not get enough even if I live within their rules.

Corvette_fetish

I purchased my '79 Vette in July and it replaced my '74 Camaro on my "2nd limited mileage car" policy I have with State Farm. I'm currently paying $265.78 per 6 months just for liability. They want about $1200.00 a year for full coverage, and that's for a 35 year old with a good driving record and a multicar discount, and in the (God forbid) case of a total loss or theft I probably wouldn't get grand for it. I'm planning on switching to Hagerty. I've heard nothing but good things about them, their good customer service, and how quickly they come through on claims. As long as you meet the criteria I think they would be a great bet. :thumbs:


[Modified by Corvette_fetish, 4:04 PM 10/20/2003]

zwede

Go to all the major guys websites (state farm, farmers, allstate, nationwide, progressive etc) and use the online quote form. Most won't give you an online quote for a car that old, but an agent calls you after a few hours.

I found my current policy that way. Full coverage, $18k value for $280 per 6 months. Good part is there are NO restrictions. I drive it to work every day. I'm in Collin county which is a suburb of Dallas.