Insurance advice
Thread Starter
Instructor
Joined: Apr 2004
Posts: 106
Likes: 0
From: Norfolk VA
Insurance advice
Need some advice, folks. I would like to get my '72 vert off my "regular" policy and get a "classic" policy. I have heard that some companies have mileage/usage limitations and would like to avoid them if possible. Please let me know about which companies you all have used, what restrictions apply and how the company was to deal with.
Thanks!
Thanks!
Race Director
Joined: Dec 1999
Posts: 19,610
Likes: 778
From: Forked River NJ
If you want a collecter policy you will probably have to give in to some of their rules. Mine allows 3K miles and I can't use it for a daily driver. Can't leave it in a "Wal Mart" styl parking lot. Never had to make a claim but I have had the same company for 15 years. They were just bought by INA. No problems so far.
Intermediate
Joined: Aug 2004
Posts: 28
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Check out Hagerty in Traverse City, MI. I have used them for 6 years and good people to work with. They are flexible on the yearly mileage estimating that most classic car owners would drive around 5000 miles per year. However, if you decided to take your car to an "event", that mileage would not be counted against your yearly total, even if you had to drive across country. They require that the car be kept in a locked garage. The rates are good. I have $35000 agreed value, live in Florida-high insurance rates-and it cost me $297.00 this year.
Team Owner
Joined: Dec 1999
Posts: 26,555
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From: Florida
2021 C2 of the Year Finalist - Modified
C2 of the Year Finalist - Modified 2020
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St. Jude Donor '03 thru '26
The thing about Hagerty is you must own more cars than there are drivers in your household. That is how they determine if your classic is a daily driver.
BTW, they did not ask me about miles per year or anything like that.
BTW, they did not ask me about miles per year or anything like that.
Last edited by OHSIXX; Nov 1, 2004 at 02:17 PM.
Racer
Joined: Oct 2000
Posts: 429
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From: Oak Harbor WA
Most importantly, is Hagerty's claim service. Both of my claims with Hagerty were settled without any dispute, and my premiums did not increase. Fast, courteous, professional, and they go out of their way to settle fairly. Great company.
Drifting
Joined: Sep 1999
Posts: 1,411
Likes: 1
From: Wylie TX
My only advice is to make sure you read the fine print and make sure you are ok with the restrictions. All classic insurance will have restrictions, or it wouldn't be nearly as cheap.
My car is currently under a regular insurance policy as I like to drive it to work on occasion.
My car is currently under a regular insurance policy as I like to drive it to work on occasion.
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Le Mans Master
Joined: Aug 2003
Posts: 7,720
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From: Chattanooga TN
I have Condon and Skelley, a division of Met Life. Mine is $350/yr with $25k agreed value. 2500 mi/yr mileage restriction, however they do not have an attendence policy and I can drive it to work occasionally. They ask for mileage at renewall time.
Drifting
Joined: Aug 2004
Posts: 1,763
Likes: 0
From: Fayetteville NC
Originally Posted by OHSIXX
The thing about Hagerty is you must own more cars than there are drivers in your household. That is how they determine if your classic is a daily driver.
BTW, they did not ask me about miles per year or anything like that.
BTW, they did not ask me about miles per year or anything like that.
Exactly the experience I've had. Just signed with Hagerty's. No mileage limit discussed but did have to send info on my other two daily drivers. $13000 agreed value for $130/yr.
Thread Starter
Instructor
Joined: Apr 2004
Posts: 106
Likes: 0
From: Norfolk VA
Originally Posted by OHSIXX
The thing about Hagerty is you must own more cars than there are drivers in your household. That is how they determine if your classic is a daily driver.
BTW, they did not ask me about miles per year or anything like that.
BTW, they did not ask me about miles per year or anything like that.
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
Originally Posted by lps&vettes
You just have to own other vehicles? Not actually insure them with Hagertys? If this is the case, no problem. I have a daily driver and a back-up.
During the application process one of the things they ask for is the front page of your "regular" policy which shows all your cars and all the drivers. Sounds as if you have enough vehicles.
Last edited by OHSIXX; Nov 2, 2004 at 09:20 AM.
Racer
Joined: Sep 2004
Posts: 348
Likes: 1
From: Southwest Suburbs of Chicago Ill.
St. Jude Donor '14
Originally Posted by lps&vettes
Need some advice, folks. I would like to get my '72 vert off my "regular" policy and get a "classic" policy. I have heard that some companies have mileage/usage limitations and would like to avoid them if possible. Please let me know about which companies you all have used, what restrictions apply and how the company was to deal with.
Thanks!
Thanks!
Race Director
Joined: Sep 2004
Posts: 11,874
Likes: 263
From: Arlington Va Current ride 04 vert, previous vettes: 69 vert, 77 resto mod
Originally Posted by Brettmc
I have State Farm Classic. No limits and agreed value of $15k. Premium is ~$300/year.
Brett
Brett
Race Director
Joined: Oct 2000
Posts: 17,102
Likes: 7
From: Fair Oaks, OK
Originally Posted by bobs77vet
man insurance really sucks in NJ ... state farm is my regular insurer and they won't do crap for me ....they want $160 per month for under 7500 miles per yr!!!!!!! needless to say i use some one else...
Burning Brakes
Joined: Oct 2004
Posts: 1,038
Likes: 0
From: Grants Pass Oregon
Insurence
I'm Sure I didn't vote to make auto insurence a LAW, Now Joe Shmo From Cocomo will sell you a large policy on the street corner in N.Y. ...course if you ever need to file a claim, they JUST went out of buisness!.... 
