Just added full coverage to my '70 for $9.84 / 6 months
 

I have had the car for 9 years and only had liability and started thinking I should atleast get theft on it. Well I call the insurance thinking it would be high for an older car with no theft devices, no ABS and other saftety features but to add full coverage to the liability with $500 deductible was less than $20 a year more (allstate). I couldn't believe it I felt stupid for not calling sooner.

How much do you think they'll give you for your car if say, mmmmm, your house caught fire and burned to the ground with your vette in the garage? Book value is the answer. How much would that be....about $2000?

Brett

I have an agreed value policy on my vette. It is insured for $35k and it is very reasonably priced and I go through State Farm. Maybe $200-250 a year for full coverage with the agreed value.
I lost one vette about 6 years ago with the same type policy. They paid in full and did not question anything. Check a little deeper.

As the others have hinted, I would query your insurance agent as to whether you have "stated" or "agreed" value insurance. The latter will normally require an appraisal and places a solid/fixed value on the car. The former is an accountant's actuarial book value and subject to all kinds of argumentation on total loss.

Remember you get what you pay for. If a deal seems too good to be true it is. Contact your agent as indicated in the above posts. Find out what you are covered for and get it in writing. You will be surprised. Book value on a 35 year old car is probably under $500 so in essence you have no coverage.

There are insurance companies that specialize in collector car insurance and they wil cover your car for what you say it is worth but they will have limitations on usage and milage. Insurance is like gambling you pay for someone else taking your risk. For $20 you are getting $20 worth of coverage.

Buggsy,
So true....

at last a fair price and everyone complains!

Like Eddie70, I have an agreed price policy with State Farm that is very reasonable. I do have a mileage limit but that is not a problem for me. All I had to do was furnish pictures of the car for their files showing the condition of the interior and exterior of the car. Love the coverage and peace of mind.
Bernie

Yes...but how much HORSEPOWER does it add??? :lol:

Dep