Collision Insurance Or Basic
Pro
Joined: Jul 2003
Posts: 649
Likes: 2
From: Red Bank NJ
It's albout the numbers. Cost of insurance, value of car(determined by insurance company), pain threshold of total loss with or without comp or coll insurance. There is no right of wrong. Insurance is just a different form of gambling, betting on loss vs no loss. It's a numbers game. There are a lot of Vettes out there, who's will get wrecked next? Once you know all the forementioned data it's a fairly simple choice. So what's "your pleasure?" Risk or no risk??
Melting Slicks
Joined: Dec 2004
Posts: 2,954
Likes: 2
From: Obama=death for America
Couldn't be further from the truth. A full payout on an 80 Escort is probably about $500. A full payout on an 80's Corvette will be at least $12,000. I guarantee that all of us here on the Forum that have our cars insured with a classic car company (and 99.9% of us do), have at least $12,000 in coverage and that's what will be paid out with a total loss. Like I said, if you'd rather keep minimum insurance and take the risk of losing your home or everything you own, then go ahead and keep little or minimum insurance. I'm not taking that risk.
Instructor
Joined: Nov 2003
Posts: 199
Likes: 0
From: Huntsville AL
Couldn't be further from the truth. A full payout on an 80 Escort is probably about $500. A full payout on an 80's Corvette will be at least $12,000. I guarantee that all of us here on the Forum that have our cars insured with a classic car company (and 99.9% of us do), have at least $12,000 in coverage and that's what will be paid out with a total loss. Like I said, if you'd rather keep minimum insurance and take the risk of losing your home or everything you own, then go ahead and keep little or minimum insurance. I'm not taking that risk.
I don't think everyone here has insured their car as a classic with a classic car insurer.... I have not as I drive it all the time....
Last edited by apeacefulstorm; Feb 14, 2008 at 02:00 PM.
Instructor
Joined: Dec 2007
Posts: 100
Likes: 0
From: Phoenix AZ
I can't help it if you cannot comprehend what I am trying to impart. I don't know where you're going for insurance, but 99.9% of Forum members are paying a few hundred a year for insurance. If you want to pay $2,400 a year when you could be paying a few hundred, knock yourself out. If you take the time to do a little research, you'll find there are many companies that will insure your car for a few hundred a year, for full coverage. But if you'd rather pay $2,400, go for it.
So which insurance company do you work for anyway? Sure sounds like you have a vested interest in getting everybody to have full coverage insurance. Why do you care?
