Insurance question
Thread Starter
Advanced
Joined: Jun 2011
Posts: 66
Likes: 0
From: Detroit
Insurance question
So I got a really nice 1979 that had been sitting for... 18-20 years. Replaced the breaks made the engine run well again, trans is good and have slowly started to put it back to the way it looked 32 year ago. I do not plan on taking it anywhere and leaving it, parking lot, fair, whatever. MY insurance agent quoted me almost $800.00 for 6 months and 100 less for theft. and $450 for liability.
just wondering what anyone's thoughts are on this and if you tryed to make a claim on a 30-40 year old car and how much of a issue insurance co. cause.
I am in Detroit and have state farm.
Thanks.
just wondering what anyone's thoughts are on this and if you tryed to make a claim on a 30-40 year old car and how much of a issue insurance co. cause.
I am in Detroit and have state farm.
Thanks.
Drifting
Joined: May 2011
Posts: 1,526
Likes: 8
From: Atlanta Ga
I have allstate and have just started the haggling today...first offer was 7900 before they received and documentation which will be sent soon. Mine was a very good condition partly restored daily driver...but if you are going to make the car show quality and barely drive it...I would get collectors insurance...you would have to ask others which companies to look into
Burning Brakes
Joined: Jul 2010
Posts: 755
Likes: 8
From: delco pa
So I got a really nice 1979 that had been sitting for... 18-20 years. Replaced the breaks made the engine run well again, trans is good and have slowly started to put it back to the way it looked 32 year ago. I do not plan on taking it anywhere and leaving it, parking lot, fair, whatever. MY insurance agent quoted me almost $800.00 for 6 months and 100 less for theft. and $450 for liability.
just wondering what anyone's thoughts are on this and if you tryed to make a claim on a 30-40 year old car and how much of a issue insurance co. cause.
I am in Detroit and have state farm.
Thanks.
just wondering what anyone's thoughts are on this and if you tryed to make a claim on a 30-40 year old car and how much of a issue insurance co. cause.
I am in Detroit and have state farm.
Thanks.
Drifting
Joined: May 2011
Posts: 1,536
Likes: 1
From: Boca Raton FL
Thread Starter
Advanced
Joined: Jun 2011
Posts: 66
Likes: 0
From: Detroit
ill definately look into the 2 co. thanks. and it probably will not be a show car... well not unlile the cash flow gets bigger, closer to a daily driver. i have a 30 min drive to work and a 350 V8 doesnt do as well in the gas dept. as my daily driver.
Drifting
Joined: May 2011
Posts: 1,536
Likes: 1
From: Boca Raton FL
http://www.classiccollectors.com/
Pro
Joined: Jun 2011
Posts: 588
Likes: 41
From: Ohio
Kevin,
I have a 78 Anniversary that I bought 5 months ago. I put classic tags on it and had it insured for $16,000. I have State Farm also and have full coverage including $100 deductible...my premium is $110.00 per year. I did have to send photos before they would insure it for that much.
I have a 78 Anniversary that I bought 5 months ago. I put classic tags on it and had it insured for $16,000. I have State Farm also and have full coverage including $100 deductible...my premium is $110.00 per year. I did have to send photos before they would insure it for that much.
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Race Director
Joined: Sep 1999
Posts: 11,360
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From: Plano TX
Adam @ NCM, http://www.ncminsurance.com can get you collector's ins that allows you to drive to work up to 2x/week. You do need a DD in your name.
Drifting
Joined: May 2011
Posts: 1,536
Likes: 1
From: Boca Raton FL
Adam @ NCM, http://www.ncminsurance.com can get you collector's ins that allows you to drive to work up to 2x/week. You do need a DD in your name.
Race Director
Joined: Sep 1999
Posts: 11,360
Likes: 382
From: Plano TX
Yep, it's on their site:
http://www.ncminsurance.com/collector
See "optional 9-5". He couldn't do more than 3K miles/year w/ 9-5 though. I have the 9-5 option although I haven't driven to work yet after the resto.
http://www.ncminsurance.com/collector
See "optional 9-5". He couldn't do more than 3K miles/year w/ 9-5 though. I have the 9-5 option although I haven't driven to work yet after the resto.
Race Director
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From: www.ncminsurance.com Bowling Green KY Home of the Corvette!
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Le Mans Master
Joined: Sep 2004
Posts: 5,116
Likes: 5
From: Livonia MI
Collectors insurance is really the best way. You just tell them a value, and they charge you a premium based on that amount. Have Grundy on one of my cars, and while never having to make a claim, haven't heard of any complaints. Think about it, how many of these cars actually get in wrecks. I'm paying $150 a year for $15,000 coverage. If the car get's trashed, whats a $15K payout in the scheme of things.