Classic Insurance
Thread Starter
Drifting
Joined: Apr 2011
Posts: 1,454
Likes: 6
From: Pittsburgh PA
Classic Insurance
Anyone have Hagerty, JC or any of the others? I've had it on my Brit cars for years and it's dirt cheap. Plus I had a claim that was handled better than you would believe. Limitations don't bother me cause I have other vehicles for daily use.
I assume a C4 with the newest being 15yo would qualify. Would be another good reason for me to look for a late C4.
I assume a C4 with the newest being 15yo would qualify. Would be another good reason for me to look for a late C4.
Le Mans Master
Joined: May 2005
Posts: 7,374
Likes: 2,290
From: Central Maryland
Both of my C4s are insured with ACE, issued through Banker's Standard Insurance Company. They carry an agreed-value rider (note that this is NOT the same as stated-value, which is essentially worthless), with the agreed value set at $24,000 per car. The cost of the rider is only $58 per year per car. I have zero limitations on how, when, where or how much I can use the cars, or where I can park them. If either of them is declared a total loss for any reason, they cut me a check for $24,000 with no argument (presuming, of course, that there's no suspicion of fraud involved).
Live well,
SJW
Live well,
SJW
Drifting
Joined: Dec 2004
Posts: 1,313
Likes: 5
From: Middle Tennessee
We have our '94 convertible insured with the National Corvette Museum classic car insurance. Since it is a pleasure use only, we have full coverage for 3,000 miles/year for $225.00. I have the same coverage on the Vette that we have on our daily drivers which are insured with State Farm. Give Adam a call at the museum for a quote. He is great to work with. 
Melting Slicks
Joined: Oct 2001
Posts: 2,315
Likes: 110
From: Brandon Fl
I have my car through Heacock. It's an agreed value deal for $15,000 it's $300/yr. Looks like I need to shop around some.
SJW you pay $116/yr for two cars at $24,000 each? That seems really low. Do you have contact info for them?
SJW you pay $116/yr for two cars at $24,000 each? That seems really low. Do you have contact info for them?
Thread Starter
Drifting
Joined: Apr 2011
Posts: 1,454
Likes: 6
From: Pittsburgh PA
I believe that is just for the agreed value rider.
A rider is an added feature to the original policy.
Thanks for the responces. Good to know that the museum offers the coverage.
Last edited by fendermender; Apr 7, 2011 at 09:41 AM.
Safety Car
Joined: Jan 2004
Posts: 3,759
Likes: 8
Are there any agreed value policies that don't require the car be kept in a garage? Agreed value policies are nice, but alot of those have major restrictions which makes you have to get typical car insurance. But with typical car insurance if your car gets totaled, the insurance company can offer you whatever they want. Which is usually lowball offers, especially on an older vehicle.
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Burning Brakes
Joined: May 2004
Posts: 1,201
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From: Frederick Md
I used American Collectors for years and years and even had a claim a few years ago that was handled quickly and very well by them withiout any hassle at all...
BUT This year I switched to The Corvette Museum (Adam)
Reason was simple... MONEY...
I now own 6 Corvettes (the 6th was an 88 35th ANC) I purchased in December ...
The price from the Museum was a "few" hundred dollars LESS for my 6 Corvettes then I was paying for the original 5 I had with American Collectors...
To be honest if the economy was better I would have stayed with American Collectors JUST because they "did me good" on my one and only claim... but today every buck counts...
Bob G.
BUT This year I switched to The Corvette Museum (Adam)
Reason was simple... MONEY...
I now own 6 Corvettes (the 6th was an 88 35th ANC) I purchased in December ...
The price from the Museum was a "few" hundred dollars LESS for my 6 Corvettes then I was paying for the original 5 I had with American Collectors...
To be honest if the economy was better I would have stayed with American Collectors JUST because they "did me good" on my one and only claim... but today every buck counts...
Bob G.
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From: www.ncminsurance.com Bowling Green KY Home of the Corvette!
CI 1-2-3-4-5-6-7-8-9-10-11-12 Vet
St. Jude Donor '07-'08
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Thanks everyone the plug!
Check out our website at www.ncminsurance.com for information or a quote.
Thanks!!
Adam Boca
Check out our website at www.ncminsurance.com for information or a quote.
Thanks!!
Adam Boca
Race Director
Joined: May 2008
Posts: 10,742
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From: Manheim Pennsylvania
I am also looking at the Corvette Museum for insurance coverage for my two Corvettes. I got a quote on my 2006 but have not taken the time to compare with my State Farm coverage. I have my 1995 with American Collectors. After reading this I'm going to make time.
Le Mans Master
Joined: May 2005
Posts: 7,374
Likes: 2,290
From: Central Maryland
Live well,
SJW
Le Mans Master
Joined: May 2005
Posts: 7,374
Likes: 2,290
From: Central Maryland
Are there any agreed value policies that don't require the car be kept in a garage? Agreed value policies are nice, but alot of those have major restrictions which makes you have to get typical car insurance. But with typical car insurance if your car gets totaled, the insurance company can offer you whatever they want. Which is usually lowball offers, especially on an older vehicle.
Live well,
SJW
Drifting
Joined: Dec 2004
Posts: 1,313
Likes: 5
From: Middle Tennessee
BTW, the Corvette Museum Collector Vehicle Insurance is provided through American Modern Home Insurance Company. Don't know if you get a lower/higher premium because it is provided through the museum. Adam should be able to answer that question.
Melting Slicks
Joined: Feb 2006
Posts: 2,938
Likes: 62
From: Columbia SC
Keep in mind my 2 vette's are NOT daily drivers. I have my 96 vert and my 00 vert both with Adam at the NCM and I have nothing but good to say about the service, coverage and claim assistance.
If your car is not a daily driver you need to at least look into the insurace from Adam at the NCM.
Safety Car
Joined: Jan 2004
Posts: 3,759
Likes: 8
As I said in my original response to the OP, my agreed value policy has zero restrictions on how, where, when, or how much I may use my cars, and where I may park them. It is not a "classic car" policy. It is a standard insurance policy, with an agreed value rider attached to it. Not all carriers offer agreed value riders, so you'll have to shop around.
Live well,
SJW
Live well,
SJW
That ACE insurance you refer to has alot of restrictions and requires you to insure everything with them. You can't just open up a car policy with them.
Le Mans Master
Joined: May 2005
Posts: 7,374
Likes: 2,290
From: Central Maryland
I haven't found any insurance companies that offer agreed value riders other than the typical "classic car" policies.
That ACE insurance you refer to has alot of restrictions and requires you to insure everything with them. You can't just open up a car policy with them.
That ACE insurance you refer to has alot of restrictions and requires you to insure everything with them. You can't just open up a car policy with them.
For the third (and final) time, my policy has ZERO out-of-the-ordinary restrictions. Not one. None. Nada. Not for how far driven, not for when driven, not for where driven, not for where parked.
And they don't require me to insure everything with them. My motorcycle is insured with a different carrier.
Live well,
SJW
Last edited by SJW; Apr 8, 2011 at 09:54 PM.
Safety Car
Joined: Jan 2004
Posts: 3,759
Likes: 8
If you haven't found a carrier that will write you a conventional (non-"classic") policy with an agreed value rider, you haven't shopped well enough. Contact an insurance broker that deals with a variety of carriers. Many carriers do not offer such a rider, but some do. I left Allstate because they wouldn't write me an agreed value policy.
For the third (and final) time, my policy has ZERO out-of-the-ordinary restrictions. Not one. None. Nada. Not for how far driven, not for when driven, not for where driven, not for where parked.
And they don't require me to insure everything with them. My motorcycle is insured with a different carrier.
Live well,
SJW
For the third (and final) time, my policy has ZERO out-of-the-ordinary restrictions. Not one. None. Nada. Not for how far driven, not for when driven, not for where driven, not for where parked.
And they don't require me to insure everything with them. My motorcycle is insured with a different carrier.
Live well,
SJW
I appreciate your suggestion, but it doesn't really matter how many times you say your ACE policy doesn't have restrictions on your car. I've already called two different agents for ACE insurance who say ACE has a strict policy and only sells insurance as a package, ie. home plus auto plus whatever else they say you must have on the policy. And something about your home has to be worth so much to even qualify for a policy with ACE. You can't just have an auto policy with ACE. So, that isn't an option and wouldn't be for most people anyways.
Drifting
Joined: Jul 2006
Posts: 1,483
Likes: 3
From: Newark, New Jersey
I had ACE before they stopped writing in my area,and there were restrictions. All classic car policys have restrictions as to garaging the vehicle, mileage, etc. Thats why there so inexpensive. Go with www.ncminsurance.com
