Our Auto insurance (Allstate) went up quite a bit, especially the Vette. We have a completely clean record so this was soley due to the rate increase allowed by the TX insurance commision. We had declared value with Allstate and I'm not convinced that our agent's version of declared value is accurate. Looks like they could still use blue book value. Since I'm changing companies, I haven't looked into it further.

I've been searching for new insurance since I got our renewal, we've been with Allstate for over 8 years. The best rates I've found for home and Auto was with AAA-TX but they can't insure the classic car without putting everything into a higher rate???? The lady I spoke with referred me to State Farm for the Vette. I had already talked to State Farm on our other cars and their quote was higher than Allstate so I hadn't inquired on the Vette. So I called the State Farm Office I was reffered to and the agent told me that their classic car insurance has gone up 300-400% as of February 2002. She ran the numbers for me anyway. Based upon a 74 convertible, stated value $12,500, 2000 miles/year 250 deduct, full coverage, 25/50/25 liability - $540/6months After a huge increase, Allstate was still only $385 but used to be $210. So now, what to do? I want to change to AAA-TX but I'll lose coverage on the Vette. And Allstate will raise the Vette's premiums further if I drop the other cars and house.

Question, who else offers some type of stated value insurance and allows you to drive somewhere other than shows, parades etc.?

Oh yeah, the State Farm rep believed the increase on classic car insurance was nation wide. Anyone else with State Farm renewing in March or the upcoming months? And she said she has a 77 Vette and has the same problem . . .

 

I have the house and other cars with Allstate as well, but the Corvette is insured through Rally Insurance Group who specializes in antiques, classics, etc. and offers declared value. I can't recall my exact premium amount, but have been with them for several years and they seem very fair. Their number is 800-801-1823. Hope it helps.

 

First I have ever heard of Rally Insurance, but here is their web page: http://www.rallyinsurance.com/

tom...

 

I live in CA and have Hagerty on my '74. Agreed value, no deductible. I can drive it anywhere I want except to work every day. Must be kept in my locked garage. I had to furnish pictures and proof of insurance for a daily driver. :chevy

 

Does Hagertys have a website?

 

Check nationwide. I just got my renewal and it went down 10% on the vette. Here's what I have:

Stated value $18k. 50/100/25 coverage. Comp + Coll. Uninsured/underinsured 50/100/25.

6 month premium $300.50

In TX you cannot get agreed value on a car that is driven to work. :(

This is in Collin county, TX (DFW area).

 

http://www.hagerty.com/

I have them for both the 78SA and 34 Ford. They even insured the 34 Ford with an agreed value at different stages of completion.

 

here is some other classic insurance co. you may try: http://www.americancollectorsins.com/default.htm http://www.classiccollectors.com/ http://www.lelandwest.com/ http://www.rac.co.uk/get_insured/classic_car/ http://www.lant-ins.ca/

 

Thanks for all of the replies. :D I'm sure I can find something for the Vette on Monsday and then I can Commit to AAA-TX for the rest.

On a separate note, a buddy and I installed 220V in the garage this morning, all of my tools and compressor should be here mid week.

 

I've had Hagerty Ins. for a few years now...luckly I haven't had a claim :). Two years ago a friend that had Hagerty made a claim due to being keyed in a parking lot :mad. It took 11 days from the date of the damage claim until the Vette was repaired and out of the shop...which is very good service, seeing that it was in the shop 4 days. I have a link to Hagerty's on the links page of my website. :yesnod: I do recommend Hagerty's Ins. :cool:

 

We recently switched to Progressive. They beat the socks off the others we priced. Not sure how they are with more classic 'Vettes, though because there's a question during the application about is your car(s) older than a 1981 model year?




[Modified by 95_C4_convertible, 4:04 PM 3/16/2002]

 

Talk to Liberty Mutual. We shopped around for insurance when we purchased our home and found Liberty Mutual to be dramatically less expensive than our other options. We insured our home and cars with them for hundreds less than other options.

For example, '01 ZO6 insurance - $1000 a year. MetLife - $1,000 EVERY SIX MONTHS!
Home insurance: $800 a year. All competitors: > $1200 a year!

If you're interested in getting a quote on auto insurance, go to https://www.libertyquotes.com/auto

If you're interested in getting a quote on home insurance, go to https://aphrodity.ssl.servingit.net/libertyhomequotes.com/

Note that getting both home and auto will get you a multi-policy discount.

If your insurance is less expensive, let us know and we'll go there!

 

With State Farm you want to insure the main car(not the corvette) and then add the corvette as a pleasure driver only(7500 miles per year)..Then the rate will be much lower....If you add your homeowners it will drop even more, due to the fact that the agent can wrap the policy.. :cheers:

 

An no my State Farm Insurance went down this year...Plus I also get the rebate checks as well

 

I used their online quote generator and it came out 10% higher than my current policy. I'm with Nationwide.

 

Really? I checked with Hagerty and was told the limit was something like 3500 miles per year AND it couldn't be driven to work, the store for a loaf of bread, etc, etc.

This was calling the 800 number listed on their website.

 

I have my '73s with Hagerty. Was told no milage limit and there is no limit stated in the policy. Not allowed to drive to work and must be stored in a locked garage. Some classic policies require that you be with the car at all times that it is out of the garage but not so with Hagerty. They specificly stated that you can drive it to dinner and leave it in the lot while you inside eating. I also asked about driving on major trips, no problem as long as auto related. (am sure you can find a show somewhere to be going to). I like to drive them to Bloomington Gold and that is a night on the road and several at the show, no problem with the car being left unattended in the hotel parking lot.

Over all very few restrictions. The big one is no driving to work. But then again the purpose of classic insurance is not to insure comuters. It is for a car collection. Their web site states "Vehicles insured on our program must be used on a limited basis consistent with the operation of something valuable, such as club functions, exhibitions, organized meets, tours, and limited pleasure driving."

Some varations can be the result of state regs. Hagerty advisertises no deductable, but here in Texas, due to state regs, they must have a deductable. So Tenn law may be affecting some of the "classic" requirements there.

tom...


[Modified by Tom73, 3:55 PM 3/19/2002]

 

Added note: It is very interesting what Hagerty specificly states they will not insure. This from their web site:

Inexpensive home-built kit cars that do not replicate a classic vehicle

Cobra replicas (replicas of the 1963-1967 Shelby Cobra Roadster)

Less than 25-year-old trucks and utility type vehicles

Vehicles customized for "off-road" usage

Pro-street vehicles — Vehicles modified exclusively for racing with features such as roll cages, wheelie castors, nitrous systems, parachutes, etc.

Less than 25-year-old luxury cars that have been "retired" to infrequent use

Inexpensive 4 door sedans from the mid-1970s and newer

Vehicles used for commercial/business purposes

Regular-use vehicles driven on a daily basis


tom...

 

That's stange. They offered me a good price but I couldn't get past the mileage restriction. I even asked the rep if there were any ways around it by paying additional premiums and was told no.

It was the major reason I elected to just add the car to my normal auto policy through AIG. I might call them again tomorrow and ask once more.

Thanks

 

That "classic car insurance is going up nationwide" stuff is pure BS--my rate with Hagarty's went DOWN this year by $4 a year (from $154 to $150). I switched from Allstate to Hagarty's and my rate dropped by 2/3--and that's with the "pleasure use" only version of Allstate's car insurance.

Hagarty's restrictions are not bad--and exactly how are they going to limit you to 3500 miles when you don't even have to declare your current milage on your car when you apply? I was told by their rep that they'd turn you down if you said you'd use it for pleasure more than 3500 miles a year--trick is, don't say it (though personally I drive quite a bit less that 3500 per year).
Be aware that ALL classic car insurance in Texas must carry a rider that says you use the car "primarily" for club activities, shows, parades and "other events of public interest." If you don't belong to a car club and attend their activities, you're taking a chance with this insurance.

Allstate just doubled my homeowner's insurance with -0- claims. I'm looking for a new insurance company.

JB



[Modified by JB, 10:51 PM 3/19/2002]