auto insurance
Thread Starter
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Joined: Oct 2003
Posts: 81
Likes: 0
From: miami fl
auto insurance
I just purchased a 1982 Corvette as a 2nd car and am wondering what is the norm for auto insurance. I called my state farm agent who insures my other 2 cars and quoted me $800 for full coverage for a 6 month policy. i then did a search online and found a company by the name of Hagerty that qouted me $209 for a year coverage. Do any of you have advice for me?
Safety Car
Joined: Jun 2002
Posts: 4,844
Likes: 0
From: Pearland TX
St. Jude Contributor
Re: auto insurance (mannymen)
Quite a few forum members have Classic Car Insurance(Hagerty is one). The rules are pretty strict.....
1)Must be garaged
2)Must have another insured vehicle for daily use
3)Cannot be driven to work
4)Limited milage
5)Cannot be driven to the store and left unattended except for car shows, rod runs, etc.
6)No drag racing!(That's my tip!)
1)Must be garaged
2)Must have another insured vehicle for daily use
3)Cannot be driven to work
4)Limited milage
5)Cannot be driven to the store and left unattended except for car shows, rod runs, etc.
6)No drag racing!(That's my tip!)
Melting Slicks
Joined: Mar 2000
Posts: 2,975
Likes: 1
From: Northwest Iowa
Re: auto insurance (mannymen)
I went through my local agent and he found a regional company that has insured my '75 Convertible for agreed value insurance (I chose $22,000) and cost is $402 per year/ no deductible. I can't drive it to work, over 3500 miles a year, and no one under 25 in my family can drive it (2 sons- 22 and 20)
Instructor
Joined: Jun 2003
Posts: 101
Likes: 0
From: Ashland Virginia
Re: auto insurance (mannymen)
My insurance is with State Farm. I've got unlimited mileage and full coverage, on my '80 model. It runs around $61 per month. That includes a multicar discount, good driving record and I'm 52. Not sure but maybe Ashland, Virginia has a lower rate also. Enjoy your Vette!
Old Black Chevy
Old Black Chevy
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Melting Slicks
Joined: Apr 2001
Posts: 3,399
Likes: 278
From: Olmsted Falls, Ohio
Re: auto insurance (Old Black Chevy)
I'm with State Farm for the Corvette, two '95 vehicles, and the house. I shopped around for "collector" insurance. But they were only a couple of dollars (about $10/yr) cheaper and with all the restrictions collector insurance requires I figured it wasn't worth it. I usually suspend the Corvette's insurance between Dec 1 and Mar 15. Makes it even cheaper. No insurance company is going to pay me what I have invested in the car so it's either keep my insurance cost low and enjoy the car, or go to higher costs with true appraisals and still not get enough even if I live within their rules.
Melting Slicks
Joined: Jul 2003
Posts: 2,194
Likes: 0
From: Tempe AZ
Re: auto insurance (mannymen)
I called my state farm agent who insures my other 2 cars and quoted me $800 for full coverage for a 6 month policy.
[Modified by Corvette_fetish, 4:04 PM 10/20/2003]
Race Director
Joined: Sep 1999
Posts: 11,361
Likes: 383
From: Plano TX
Re: auto insurance (Corvette_fetish)
Go to all the major guys websites (state farm, farmers, allstate, nationwide, progressive etc) and use the online quote form. Most won't give you an online quote for a car that old, but an agent calls you after a few hours.
I found my current policy that way. Full coverage, $18k value for $280 per 6 months. Good part is there are NO restrictions. I drive it to work every day. I'm in Collin county which is a suburb of Dallas.
I found my current policy that way. Full coverage, $18k value for $280 per 6 months. Good part is there are NO restrictions. I drive it to work every day. I'm in Collin county which is a suburb of Dallas.