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Classic Cars insuring a daily driver classic
14 messages, Last post on Jun 28, 2009 at 12:57 PM
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Replying to: spike13 (Nov 14, 2007 3:47 pm) One thing that Hagerty does that's cool is they only hit you up with liability once, no matter how many cars you own. Whereas with most companies, you pay liability on each car you own, and then collision/comprehensive on top of that, I guess Hagerty figures you can only drive (and wreck) one at a time! Hagerty is also pretty generous with their usage. Basically, as long as it's not your main source of transportation that you're driving back and forth to work/school all the time, you'll be fine. And driving your car to work every once in awhile on a nice sunny day, they're not going to care about that. Heck, maybe you have a friend at work that wants to see your car, or something! They also don't have a mileage limit. Most of the big insurance companies, like Allstate, Nationwide, etc, aren't really set up for classic car policies. They'll let you insure it as a regular vehicle, but you'll pay through the nose and their coverage would be pretty bad. I used to be insured with Allstate, and they actually did have some kind of limited use policy you could get, which saved you a little money. I had a 1969 Bonneville that rarely ran, and I had it on that policy. I think it was like $100 per year, but was liability-only. Anyway, check out Hagerty, and see what they can do for you.
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Replying to: andre1969 (Nov 15, 2007 5:03 am) "Usage. Hagerty provides coverage for vehicles that are used on an occasional basis -- e.g. club functions, exhibitions, organized meets, tours and limited pleasure driving." I think the key word is "occasional"--so daily use or regular use for the same function would probably violate the policy. |
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I called Hagerty and a few other classic car insurers - they all said the same thing - it's not insured if you take it to work. While I don't want to drive it all the time, I do want to drive it other than on sunday drives -- isn't that part of the fun? State Farm said they might be able to do coverage with an appraisal, so I'm waiting to hear back from them. I'll post back what my results were with them.
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Replying to: spike13 (Nov 15, 2007 9:28 am) It was insured for it's market value with an appraisal and was covered for "limited" mileage. Seems to me, it was up to 3000 miles a year. |
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how can they prove how many miles you drove on it anyway....for instance my 1968 mini cooper...i have no ideah wat the miles are on it... Is there a way they can prove it at all... |
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I have my eye on a 67 mustang but I can find insurance for it! well not any that restricts how many miles I can drive. What insurance companies are good? |
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Replying to: mustangooobaby (Jun 28, 2009 11:48 am) The classic car insurers, while they do have restrictions (must be garaged, limits on mileage, must not be your only car), offer an AGREED UPON value policy, which means that you'll get a check for whatever value has been agreed upon, no questions. (presuming you follow their rules). Some mainline insurance companies might ask you for an appraisal, and this is probably a very good idea for you to agree to do that. Here's a JD Power study of insurance companies. As you can see, there are very few standouts. Insurance Company Ratings by JD Power |
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Replying to: mustangooobaby (Jun 28, 2009 11:48 am) The classic insurers are much easier to work with, from what I understand - but you have restrictions as was stated. I have a policy with Hagerty, which requires the car to be garaged and not to be the primary vehicle...I think they give me 2500 miles a year, and an annual premium of $100 with an agreed value of $5000. It seems pretty fair to me.
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Replying to: fintail (Jun 28, 2009 12:32 pm) Here's a list...maybe one of these doesn't have a mileage restriction: Insurance Providers • American Collectors Insurance Inc. 498 Kings Highway N, P.O. Box 8343 Cherry Hill, NJ 08034 800-360-2277, 856-779-7212 www.AmericanCollectors.com • American Hobbyist Ins. Agency 2501 SE Aviation Way Stuart, FL 34996 800-395-4835, 772-287-9363 www.AmericanHobbyist.com • Condon & Skelly 121 E. Kings Highway, Suite 203 Maple Shade, NJ 08052 800-257-9496 www.condonskelly.com • Great American Insurance Classic Collectors Program P.O. Box 429569 Cincinnati, OH 45242-9569 800-252-5233 www.classiccollectors.com • Grundy Worldwide P.O. Box 1957 Horsham, PA 19044 800-338-4005 www.grundy.com • Hagerty Classic Insurance P.O. Box 87 Traverse City, MI 49685 800-922-405 www.hagerty.com • J.C. Taylor Antique Automobile Ins. Agency 320 South 69th St. Upper Darby, PA 19082 800-345-8290, 610-853-1300 www.jctaylor.com • Sneed Insurance PO Box 34698 Memphis, TN 38184-0698 800-619-7827 www.sneedinsurance.com |
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Replying to: mustangooobaby (Jun 28, 2009 11:48 am) Will the Stang be for go or show? If show, Hagerty. If go, Any domestice carrier will take it for the reasonable applicant, but with photos if not an appraisal. In both cases driver's license history is very critical. |
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