CLASSIC CAR INSURANCE?
Thread Starter
Melting Slicks
Joined: Aug 1999
Posts: 2,619
Likes: 1
From: Whidbey Island Washington
CLASSIC CAR INSURANCE?
ANY EXPERIENCES, PRO OR CON, WITH CLASSIC AUTOMOBILE INSURANCE
( http://www.classicins.com ) ? THERE RATES APPEAR TO BE ABOUT I/2 WHAT I'M NOW PAYING. THANKS, BILL
( http://www.classicins.com ) ? THERE RATES APPEAR TO BE ABOUT I/2 WHAT I'M NOW PAYING. THANKS, BILL
Burning Brakes
Joined: Aug 2000
Posts: 852
Likes: 0
From: Katy TX
Re: CLASSIC CAR INSURANCE? (ZRWON)
One of the underwriters, Great American, is who I have used for years. Stated value policy, garage stored and limited use/miles. I just had to send in some pics when I first got the policy and they ask for the mileage each renewal. The policy suits me fine so it is a good deal, about $180/year. Never have filed a claim so I cannot vouch for how good they are when it comes to paying out.
Safety Car
Joined: Jun 2002
Posts: 4,844
Likes: 0
From: Pearland TX
St. Jude Contributor
Re: CLASSIC CAR INSURANCE? (Master Ho)
The classic car insurance is a great deal if you are like many of us who only pull their vettes out on weekends. I use a completely different insurer(Hagerty) and just added my 2nd vette today. I've still got to send in pictures, which I will do when they call me at work tomorrow. It's completely hassleless and the one true bargain left in the insurance world that exists. Between the 2 vettes I pay $317(total) per year and have them insured both at over $15,000 each. State Farm(my insurer on my daily driver) looked at me like I was stupid to think they might insure a car for that.
Team Owner
Joined: Jul 1999
Posts: 26,545
Likes: 46
From: Huntersville NC
Re: CLASSIC CAR INSURANCE? (PatG)
One of the underwriters, Great American, is who I have used for years. Stated value policy, garage stored and limited use/miles. I just had to send in some pics when I first got the policy and they ask for the mileage each renewal. The policy suits me fine so it is a good deal, about $180/year. Never have filed a claim so I cannot vouch for how good they are when it comes to paying out.
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Race Director
Joined: Apr 1999
Posts: 15,148
Likes: 477
From: NM
Re: CLASSIC CAR INSURANCE? (ZRWON)
I have three cars on classic insurance. When I switch over it cut my insurance on them to only one fourth of what it had been, a 75% savings :D
But there are restrictions. The car must be 25 years old or older, not a driver, cannot drive it to work, must be stored in a locked garage, etc. I am with Hagerty and they do not have any milage limits, in some of the states they do not have a deductable, and they have their own road side assistance (only flat bed tows :) ). If you can live with the restrictions they are great.
tom...
[Modified by Tom73, 9:56 PM 8/17/2003]
But there are restrictions. The car must be 25 years old or older, not a driver, cannot drive it to work, must be stored in a locked garage, etc. I am with Hagerty and they do not have any milage limits, in some of the states they do not have a deductable, and they have their own road side assistance (only flat bed tows :) ). If you can live with the restrictions they are great.
tom...
[Modified by Tom73, 9:56 PM 8/17/2003]
Le Mans Master
Joined: Mar 2000
Posts: 9,127
Likes: 2,326
From: Pottsville, PA. USA Home Of America's Oldest Brewery Yuengling
Re: CLASSIC CAR INSURANCE? (bgrice)
State Farm(my insurer on my daily driver) looked at me like I was stupid to think they might insure a car for that.
1. Have either classic or antique tags
2. Appraisal for the cars value
3. Fill out State Farms classic ins. questionaire
4. Have agent take photos
My 75 convertible is insured for $20,000 and it costs me $86.00 for six months.
Thread Starter
Melting Slicks
Joined: Aug 1999
Posts: 2,619
Likes: 1
From: Whidbey Island Washington
Re: CLASSIC CAR INSURANCE? (Tom73)
I checked Hagerty but the 25 year old requirement locked me out. My cars are a 1987 Cadillac Allante, 1987 Corvette Conv and a 1996 Collector Edition Vette. I now have a Quote from Great American that looks very good. There rates are more than 1/2 what I am paying State Farm for what I thought was their limited mileage Classic Car insurance. I plan to start with the Allante when the State Farm policy expires in Sept, IF, State Farm, can't come close to the $ 190 per year that I will get from Great American. If it works OK for the Allante then I will add the 2 Vettes in Jan when their State Farm policies expire. These three will cost me less than $1300 or less than 1/2 what I now pay State Farm. Sure wish I could get feedback on how they are with claims, appreciated value of the cars in the future, rate increases, etc. We also have a 1998 Cadillac Sedan DeVille that is our daily driver and will remain with State Farm as well as our home owners policy.
I sure appreciate all your comments and feedback on this subject. If State Farm changes my mind tomorrow I'll let all of you know.
Thanks, Bill :confused:
I sure appreciate all your comments and feedback on this subject. If State Farm changes my mind tomorrow I'll let all of you know.
Thanks, Bill :confused:
Safety Car
Joined: Aug 2003
Posts: 4,165
Likes: 5
From: Coast MS
Re: CLASSIC CAR INSURANCE? (ZRWON)
My mother said that she pays about 75 bucks per 6 months on her 64 Tbird.
I just hit that site up for an online quote on my eventually 1977 Vette.....Crossing fingers....
I just hit that site up for an online quote on my eventually 1977 Vette.....Crossing fingers....
