Insurance co. will not give me classic/antique insurance due to cars condition!
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Joined: Dec 2009
Posts: 84
Likes: 1
From: winchester va
sell the 74 take the money and the money u were going to use to hop it up with and get a 68-70 big block leave it stock, burn up the highway problem if u like th rubber bumper car get a 74 L82 250 hp net
Le Mans Master
Joined: Oct 2000
Posts: 8,897
Likes: 1,357
From: Santa Ana CA
I belive that all of the "usual classic car insurance companies" (J.C. Taylor, Grundy, American Collectors, etc.) require that you keep the car stored in a locked garage. A carport with a "locked cover" is not going to cut it with them.
If you can get your usual agent to insure the car at a rate comparable to the usual classic car companies and let you keep it in a carport, that may be the only "game in town" and you're stuck playing by their rules.
If you can get your usual agent to insure the car at a rate comparable to the usual classic car companies and let you keep it in a carport, that may be the only "game in town" and you're stuck playing by their rules.
Le Mans Master
Joined: Apr 2007
Posts: 7,353
Likes: 72
From: Graceland in a Not Correctly Restored Stingray
Correction...
Not that it necessarily applies here, but there are indeed companies that have special race car "insurance" programs which cover racing damages. However, IMCO other than for extremely rare/valuable cars the rates and deductables aren't really justifiable outside of professional motorsports.
Racer
Joined: Apr 2008
Posts: 436
Likes: 2
I'm in Arizona and have Hagerty. You DO NOT need classic/antique plates. Get normal AZ plates and the simple fact that you have "antique/classic" insurance is what exempts you from emissions (type of plates has nothing to do with emissions exemption).
As far as Hagerty goes...I went from a 350 to a ZZ454 and called Hagerty to up my agreed amount. I figured my car would now be in the "modified" category, but the chick I talked to said since the engine is close enough to what was offered in 71, it's still considered stock, even though the car is VERY different engine/performance wise than it originally was. Dump whatever insurance co you have now and go with Hagerty. As far as the garage thing, they might insure it with a slightly higher premium for the carport, or worst case can you find a nearby neighbor or storage place to keep your car in a locked garage/storage unit?
As far as Hagerty goes...I went from a 350 to a ZZ454 and called Hagerty to up my agreed amount. I figured my car would now be in the "modified" category, but the chick I talked to said since the engine is close enough to what was offered in 71, it's still considered stock, even though the car is VERY different engine/performance wise than it originally was. Dump whatever insurance co you have now and go with Hagerty. As far as the garage thing, they might insure it with a slightly higher premium for the carport, or worst case can you find a nearby neighbor or storage place to keep your car in a locked garage/storage unit?
Racer
Joined: Apr 2009
Posts: 330
Likes: 44
From: Cincinnati Ohio
Hagerty had no problems insuring my 73 with modifications, they charged a little more than if it were completely stock and required a fire extinguisher be in the car.
State requirements for antique plates are a separate issue and are determined by individual state regulations.
Is your primary insurance company blowing smoke because they will loose the existing policy?
State requirements for antique plates are a separate issue and are determined by individual state regulations.
Is your primary insurance company blowing smoke because they will loose the existing policy?
Race Director
Joined: Mar 2006
Posts: 14,112
Likes: 28
From: Florida
They have several classic plans, including unlimited mileage, occasional drive to work and carport storage.
I just have the standard classic, but they sent info on all the other stuff.
And they write this stuff into the policy declaration pages, not just some salesman agent giving you the BS to sell the policy and then problems with a later claim.
Team Owner
Joined: Jul 2008
Posts: 23,419
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From: In limbo
St. Jude Donor '13-'15, '17 thru '22
This is not true. Hagerty will cover your car if you race it, but not while it is being raced. Quoting from their website "Vehicles that are actively raced may qualify for a Hagerty policy, however coverage does not apply while on the track". Like someone said above, this is the same philosophy as other companies.
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Team Owner
Joined: Jul 2008
Posts: 23,419
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From: In limbo
St. Jude Donor '13-'15, '17 thru '22
I understand the difference between a plate and insurance. I just want the classic plates on the car so that I can modify it and not have to worry about emissions. I was just wondering if you needed classic insurance in order to get the classic plates. Thats all! Sorry if I was not clear.
1. Regular use
2. Collectible
3. Antique
To register as collectible, the car can't be older than 25 years, so my car was not eligible for that. Of course, they wanted me to register as Antique, but I pointed out to them that in NJ, cars with antique registration can be driven on the road "for exhibition or educational purposes only" and that NO pleasure use is allowed at all. Since my car is a driver, registering it as antique basically defeats the purpose of owning it and the only other choice available to me was regular use, so that is how I have it registered. They still didn't seem happy, but I haven't heard another word about it since then.
Le Mans Master
Joined: Oct 2000
Posts: 8,897
Likes: 1,357
From: Santa Ana CA
Actually, it is the other way around. If you have classic insurance, the insurance company will want you to have classic plates. In fact, Hagerty called me a month or so after I bought my car to "confirm" that I had registered my car as a "classic". I told them no, I registered it as a regular use vehicle. They were not happy.
Maybe applicable to your state and/or Hagerty, but not the nation and others.
We're in California and have had classic car policies with American Collectors for ~25 years and our cars are not registered as "classics," just ordinary driver registration. We even have an American Collectors classic car policy on our '91. Yes, they take C4s.
Last edited by toddalin; Jan 27, 2010 at 12:04 PM.
Le Mans Master
Joined: May 2002
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From: Lebanon Township New Jersey
Melting Slicks
Joined: May 2005
Posts: 2,209
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From: Montgomery Alabama
Cruise-In VII Veteran
St. Jude Donor '06
I have my 71 convertible, my 72 big block, my 73 coupe, and my 82 crossfire coupe insured through the NCM with agreed upon values of $25K, $30K, $25K, and $20K respectively for about $801 a year.
I can drive the 71, the 73, and the 82 up to 3,000 miles a year and the 72 up to 6,000 miles a year. I do have to keep them all covered in a garage, though.
The 82 is in mid-restoration and looks like crap. they still had no issues covering it for $20K.
I can drive the 71, the 73, and the 82 up to 3,000 miles a year and the 72 up to 6,000 miles a year. I do have to keep them all covered in a garage, though.
The 82 is in mid-restoration and looks like crap. they still had no issues covering it for $20K.
Racer
Joined: Apr 2008
Posts: 436
Likes: 2
I understand the difference between a plate and insurance. I just want the classic plates on the car so that I can modify it and not have to worry about emissions. I was just wondering if you needed classic insurance in order to get the classic plates. Thats all! Sorry if I was not clear
Maybe applicable to your state and/or Hagerty, but not the nation and others.
Thread Starter
Racer
Joined: Jul 2007
Posts: 397
Likes: 1
From: Tucson Arizona
You can do whatever you want to your car as long as you have classic car insurance (i.e. Hagerty, Grundy, etc). With classic insurance in AZ, you will NEVER have to go through emissions, regardless of what you do to the car. So yes, you can get classic plates if you want to, but you don't need to worry about emissions, REGARDLESS of what type of plates you have.
Agreed. OK and AZ at least do not require a classic plate.
Agreed. OK and AZ at least do not require a classic plate.
I'm looking into classic insurance so I can forgo emissions. If I can't find any classic insurance coverage due to me not having a garage, I will either find a place to store it or clean up the engine bay and go with my current insurer. Once I get classic insurance, I will add a few things to get the HP up and will not have to worry about going through emissions.
To the person that said sell my 74 and get a chrome bumper car. I don't think I could pull the funds to afford one, even if I do use the money I have stashed for mods. Anyways I love my 74!
Thanks again for all your help.
Team Owner
Joined: Jul 2008
Posts: 23,419
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From: In limbo
St. Jude Donor '13-'15, '17 thru '22
"We do not provide Liability Coverage for any "insured":
a. Who is involved in any prearranged, organized or spontaneous race or who is involved in:"
It kind of goes on at that point to include preparation to race, qualifications etc.
As far as your interpretation that this means you simply have no coverage while you are racing your car, I'm not sure I would interpret it that way, but I can see why you say that. If I was going to race my car, I would certainly want more clarity from Hagerty first.
Since you are in NJ too, if you want to compare notes in a more detailed fashion, shoot me a pm and I will give you my phone number.
PK
Le Mans Master
Joined: Jun 2007
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From: Where it's always hot as Hell-South Louisiana.
St. Jude Donor '07-'08-'09-'10-'11-'12-'13
Le Mans Master
Joined: Oct 2006
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From: Gladstone MO
C3 of Year Finalist (appearance mods) 2019
I put Missouri Year of Manufacture plates on just so it made it a one time fee. $40/year or a $50 one time. Still pay property tax every year ($28) so it's no big deal. Limited to 5k miles a year, but my insurance limits me to that anyway. Full coverage, hi-limit liability and an agreed value. Insurance costs me $600 a year for both the Vette and the 24 Ford Model T. Wouldn't take anything but a big bank account to pay for gas to make 5k with the Vette, but it'd take forever to get there with the T. American Modern so far has been great to deal with. I'd prefer to pay them and never need them.
Race Director
Joined: Oct 1999
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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
NCM Sinkhole Donor
Polo and others,
I would love to provide a quote for anyone in this thread or reading it. I am confident in our rates and in our service. Please give me a call if you would like a quote.
We are the only Collector Car Insurance provider that is a Supporting Vendor of this forum, and the money that would typically be made by an agent actually stays with the Corvette Museum.
BTW: In most states I can get an exception to insure cars kept in carports....
Thanks!
Adam Boca
NCM Insurance Agent
www.ncminsurance.com
877.678.7626
I would love to provide a quote for anyone in this thread or reading it. I am confident in our rates and in our service. Please give me a call if you would like a quote.
We are the only Collector Car Insurance provider that is a Supporting Vendor of this forum, and the money that would typically be made by an agent actually stays with the Corvette Museum.
BTW: In most states I can get an exception to insure cars kept in carports....
Thanks!
Adam Boca
NCM Insurance Agent
www.ncminsurance.com
877.678.7626
