Last post on Jan 16, 2009 at 3:09 PM
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Coupe, Convertible, Truck, Sedan, Wagon
#1 of 40 Collector car insurance
Dec 16, 2008 (5:53 pm)
Anyone have experience/advice with regard to selecting insurance for a collector car? The main companies I'm aware of are Grundy, Hagerty and J. C. Taylor.
I'm looking at purchasing a collector car and need to make arrangements for insurance. This obviously won't be my daily driver, but I would like to drive it during the middle of the week once in a while to run errands around town (ie., not to a car show/event or on a club driving tour - which the collector car insurance companies would cover). It appears most of the collector car insurance companies are pretty fussy about where/when you're allowed to drive the car. Not saying I'd want to drive it to work, but perhaps on extremely rare occassions, I might.
So, what kind of insurance coverage on your collector cars do you have? Who do you recommend, and why?
#2 of 40 Re: Collector car insurance [parm]
Dec 17, 2008 (6:56 am)
I have insurance with Hagerty, and have been happy with them. Their main stipulations are that you store the car in a locked garage when not in use, and that you have a regular daily driver with normal insurance on it.
So did you finally settle on a collector car, Parm? If so, what are you getting?
#3 of 40 Re: Collector car insurance [parm]
Dec 17, 2008 (12:25 pm)
Our 66 Mustang GT has been with Hagerty for over 10 years.
One of the coverages I suggest is Underinsured Motorists BI & PD.
The UMPD provides up to $10,000 & the premium is minor.
As for infrequent driving, a classic should be driven two or three times a month during the off season of car shows.
Hagerty & others may require you have "Collector" plates, another primary vehicle, and the insured vehicle be in a secured storage facility.
To qualify for "Collector" plates in WA, the car has to be at least 25 years old.
Naturally, we who read these posts are interested in the car you choose.
#4 of 40 Re: Collector car insurance [parm]
Dec 17, 2008 (3:23 pm)
I have Hagerty too. No complaints - affordable, coverage looks adequate, I think there's a good 2500 mile/year allowance, and they use an agreed value, which for me is better than paying to have an appraisal done.
#5 of 40 Re: Collector car insurance
Dec 17, 2008 (5:09 pm)
Well, I don't actually have the car yet. It's mine to buy and we've agreed on the price. Problem is, the car is 12 hours away and I can't get there until the end of January. If the car was closer, I would've already bought it by now. I don't want to reveal too much because this car is listed for sale and there's a risk the car could be sold out from underneath me before I can get there. Though the seller has said no one else is pursuing the car and given the distractions that come with the holidays, it seems unlikely that someone will beat a path to his door before I can get there to inspect it and hand over the check. I asked if I can put down a deposit to hold the car, but he's letting me buy the car for $1,000 less than his advertised price which he's stated is "firm". So, he's not willing to agree to holding it when it's conceivable someone could come along and offer him his full price. Yeah, yeah, I know. If his price is THAT firm, how come he's letting me buy it for $1,000 under his asking price. Well, he and I have been talking for a while now and we've formed somewhat of a kinship - and he knows how passionate I am about this particular marque. Plus, I think he's more willing to deal right now given that it's the winter season (an issue for those of us who have to deal with snow).
You old time members who remember me from the former Edmunds classic car message board can probably guess this car's make. Trust me, when the deal is done, I will post plenty of photos here for you all to see.
With regard to insurance, based on feedback I've picked up from other boards, the main contenders for collector car insurance seem to be Hagerty, J.C. Taylor and American Collectors. The first two I'm familiar with, but the last one I'll have to research. I'm rather surprised no one I've heard from has said they use Grundy. I thought they were a pretty big outfit.
Anyone know about J.C. Taylor and American Collectors?
#6 of 40 Re: Collector car insurance [parm]
by MrShift@Edmunds HOST
Dec 17, 2008 (5:15 pm)
• American Collectors Insurance Inc.
498 Kings Highway N, P.O. Box 8343
Cherry Hill, NJ 08034
• American Hobbyist Ins. Agency
2501 SE Aviation Way
Stuart, FL 34996
• Condon & Skelly
121 E. Kings Highway, Suite 203
Maple Shade, NJ 08052
• Great American Insurance
Classic Collectors Program
P.O. Box 429569
Cincinnati, OH 45242-9569
• Grundy Worldwide
P.O. Box 1957
Horsham, PA 19044
• Hagerty Classic Insurance
P.O. Box 87
Traverse City, MI 49685
• J.C. Taylor Antique Automobile Ins. Agency
320 South 69th St.
Upper Darby, PA 19082
• Sneed Insurance
PO Box 34698
Memphis, TN 38184-0698
#7 of 40 Re: Collector car insurance [Mr_Shiftright]
Dec 18, 2008 (1:36 pm)
Thank you for posting this information. It is very much appreciated and a great reference source. Kudos!
Dec 21, 2008 (11:20 am)
Finally pulling the trigger!!
Good for you and, yes, I can guess...ah...a Studebaker?
#9 of 40 Re: Parm!! [isellhondas]
Dec 21, 2008 (5:08 pm)
Well, had the seller not agreed to sell it to me for $9K, I probably would've walked. I've lost my heart to tons of cars, but this one has the rare combination of originality/condition, options, appeal (to me) and price. Other cars I've lusted after always lacked the last element. Had it not been for this specific car at that price, I would still be on the sidelines . . . . . which, technically, I still am because of what I outlined above.
LOL!, Nope, not a Studebaker. Actually, that marque has never been on radar. But, the car I'm getting is domestic . . . . . . . and it is big.
#10 of 40 Re: Parm!! [parm]
Dec 22, 2008 (9:17 am)
Ohh Nooo, not another Imperial!!!