Insurance
Thread Starter
Instructor
Joined: Jan 2005
Posts: 129
Likes: 0
From: Huntington Beach CA
Insurance
Hello,
I think that we have found a C3 to buy and now comes the question of insurance. I have a few questions;
How old does a car have to be to qualify for classic insurance?
Does anyone know of good insurance companies that like corvette owners, preferably ones in california?
I am 31 have 14 years driving experience and one very small claim (50.50) a couple of years ago. What sort of amount should I expect to pay?
Thanks in advance!
I think that we have found a C3 to buy and now comes the question of insurance. I have a few questions;
How old does a car have to be to qualify for classic insurance?
Does anyone know of good insurance companies that like corvette owners, preferably ones in california?
I am 31 have 14 years driving experience and one very small claim (50.50) a couple of years ago. What sort of amount should I expect to pay?
Thanks in advance!
Team Owner
Joined: Dec 1999
Posts: 26,555
Likes: 257
From: Florida
2021 C2 of the Year Finalist - Modified
C2 of the Year Finalist - Modified 2020
C2 of Year Finalist (performance mods) 2019
St. Jude Donor '03 thru '26
Hagerty is among the best. You must have more cars than licensed drivers in you household.
http:www.hagerty.com
http:www.hagerty.com
Advanced
Joined: Jan 2005
Posts: 99
Likes: 0
I have heard Hagerty's is good. I use Grundy, myself. If I recall, my '72 cost $190+ per year for approx. $25k agreed value. The important thing to look for are companies that offer "agreed value" policies. I.e. in the instance of a total loss, the insurance co. will pay out that value for which you had agreed upon at the time of taking out the policy, not a value they determine at the time of loss to be the then market value (which may or may not cover the actual value of the car). In addition, my Grundy policy has no limitations on mileage, nor how/where I drive the car.
Drifting
Joined: Sep 1999
Posts: 1,411
Likes: 1
From: Wylie TX
Originally Posted by kcmk
In addition, my Grundy policy has no limitations on mileage, nor how/where I drive the car.
From Grundy's "Coverage Benifits":
Is Collector's Insurance Right For you?
Grundy Worldwide's underwriters can insure almost any collector vehicle you own regardless of year or model. Collector vehicles must be used for show, hobby, and pleasure purposes only. They should be owned in addition to vehicles used for daily transportation for all operators in your household, and can be in excellent original or restored condition.
No Mileage Limitations
This policy authorizes unlimited hobby use of your collector vehicle in collector activities, exhibits and parades. While participating in these events, owners are free to enjoy their collector vehicle without monitoring the odometer.
