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Classic Cars Classic Cars as daily drivers
552 messages, Last post on May 11, 2009 at 8:03 AM
You are in the Classic Cars Forum. Your Host is mr_shiftright
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Replying to: rorr (Mar 15, 2006 2:23 pm) So classic car insurance is the best deal if you can restrict use to club drives, meets, and occasional "exercise" of the car. If they catch you in a wreck at the beach, you might be screwed.
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Replying to: Mr_Shiftright (Mar 15, 2006 2:40 pm) At first blush, the 2500 mile limitation seemed a bit confining but after thinking about it, that shouldn't be too bad. I like the "agreed upon" value aspect. It doesn't help that much if the value appreciates (although I'm under no illusions I'm sitting on a Barret-quality car by any stretch), but it keeps me from having to screw with the "up to stated value" aspect of standard automobile insurance. 'Wreck at the beach': well, if there was a local club drive event which included a little sun/surf time, I would think there'd be no problem.
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Replying to: rorr (Mar 15, 2006 3:16 pm) They're really cheap, partly because they only hit you ONCE for liability, no matter how many cars you own. Then, they only charge something like $6.00 per $1000 of agreed upon value. I'd have to dig up the bill to look at it, but I think the liability portion is only around $65 for the year. Then I have my DeSoto insured for $7,000, which would add $42 to the bill, and the Catalina for $8,000, which would add another $48. So, for like $155 a year, I have full coverage on both cars. I can't remember if they have a mileage limit or not. They've never asked me for a statement though, and I've been with 'em since around 1999. As for the agreed-upon value, you can always choose to up it if you feel your car has appreciated in value. And they're not really picky about how you drive your car, as long as you do have a daily driver with regular insurance. I think the thing you really have to worry about, if you have historic tags, is that if a cop happens to see you driving to work and passing the same spot every single day, he might get suspicious and pull you over. But that's more an issue with Johnny Law, and not the insurer. Oh, and even though I don't think my insurer has a problem with mileage, I don't think I've come anywhere near 2500 miles per year. I might have when I first got my '67 Catalina, and drove it all over the place. It was the first, and only convertible I've ever had. But lately I almost have to make an effort to put any real miles on it. In fact, I remember filling the gas tank around September 2004, and that lasted me until maybe July of '05!  I've had the car for 12 years as of late April, but have only put around 11,000 miles on it. I've had my DeSoto for about 15 1/2 years, and I doubt if I've put more than 4,000 miles on it. It's hard to tell though, because I've only had the odometer working for maybe 2 months out of that time.  As for other old cars, well I've had my '79 NYer since October 2001, and have put maybe 6,000 miles on it. I've had my '76 LeMans since last April, and have put around 1200 miles on it, INCLUDING the 500 mile trip back from Ohio, where I bought it! Now I put around 85,000 miles on my '68 Dart over the years, but that thing was my daily driver from around April 1992 until May 1997, when I mainly started driving a '79 Newport. And in the interim, I had an '82 Cutlass that logged about 12,000 miles, which gave the Dart time to rest, and get stripped down and repainted. |
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Replying to: rorr (Mar 15, 2006 2:23 pm) i do get pangs of jealousy every spring when i see the other fair waether vehicles back out, but i don't compromise on the roads being clean. ok, my oldest has their permit, and we snuck it out around the block last weekend when mom wasn't home. 
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Replying to: explorerx4 (Mar 15, 2006 6:06 pm) AGREED VALUE: Keep in mind that if you submit a value that is really too high for the car, the insurance company will ask you to have a professional appraisal...if they are uncomfortable with your assessment of your own car's value.....this is of course understandable, as they are not going to pay $50,000 for a 1975 Oldsmobile.
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Replying to: explorerx4 (Mar 15, 2006 6:06 pm)
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Replying to: Mr_Shiftright (Mar 15, 2006 6:21 pm) explorerx4 - you ain't kiddin' about the weather. It's been gorgeous the last several days (I couldn't believe the number of convertibles I saw out and about last weekend; particularly around the lake). That was one reason I was concerned about the 2500 mile limitation. Of course, with the typical Texas summer (and no AC in the car), the prime driving times may be limited to just a few weeks a year...... andre - that was good news about the cost w/ Hagerty. I had no idea it could be that reasonable.
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Replying to: rorr (Mar 16, 2006 6:09 am)
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Replying to: Mr_Shiftright (Mar 16, 2006 8:19 am) I'm guessing they won't cover 'incidents' while open-tracking the car.....
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Replying to: rorr (Mar 16, 2006 8:24 am) |
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