Posted: 4/29/2017 8:42:32 PM EDT
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Any recommendations for collector car insurance? Best rates, positive, negative experiences?
I'm about to put my 1966 Mustang back on the road. Haven't driven in for a few years. Last time I had American Collectors Insurance. I guess it was OK but I'd like to shop around again. |
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This or JC Taylor. Quoted:
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Hagerty. About $90 per $10k of declared value. Attached File |
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My 68 Camaro is insured for 100k. I pay around 1k a year. The biggest thing to look for is the stipulations in the contract. Hagerty would only cover it while being showed or towed. The fact that it is a resto mod was why. 800hp put a damper on it too.
I went through Nationwide who is my insurer, with a company called American Insurance. It covers both the car and the trailer. The car is covered for driving unless I am going to grocery store in it (using it like an everyday driver) 
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My 68 Camaro is insured for 100k. I pay around 1k a year. The biggest thing to look for is the stipulations in the contract. Hagerty would only cover it while being showed or towed. The fact that it is a resto mod was why. 800hp put a damper on it too. I went through Nationwide who is my insurer, with a company called American Insurance. It covers both the car and the trailer. The car is covered for driving unless I am going to grocery store in it (using it like an everyday driver) https://www.AR15.Com/media/mediaFiles/349755/20151020-151921-zpso5g86jv7-198303.jpg My Hagerty policy does not include use as a daily driver. Only covered when I'm taking it to/from show car events, for service, car shows... Here's my baby.   
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I've been very happy with ACI. What didn't you like about them? |
I have four of my cars insured through Grundy and couldn't be happier. They're all stated value policies and Grundy was more than easy to work with. They required current photos of each car and photographic proof that they were stored indoors, but that's it. When I took out the policies I checked both Haggerty and Grundy, and Grundy was almost half the price with better coverage. My biggest complaint is that their policies stipulate no drivers under 25 so I can't legally let my son drive any of my old cars. Not legally, at least... 
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Pics or you're a liar! 
Attached File Attached File |
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My 68 Camaro is insured for 100k. I pay around 1k a year. The biggest thing to look for is the stipulations in the contract. Hagerty would only cover it while being showed or towed. The fact that it is a resto mod was why. 800hp put a damper on it too. I went through Nationwide who is my insurer, with a company called American Insurance. It covers both the car and the trailer. The car is covered for driving unless I am going to grocery store in it (using it like an everyday driver) https://www.AR15.Com/media/mediaFiles/349755/20151020-151921-zpso5g86jv7-198303.jpg |
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hagerty.
you have to call and ask for each one of the insurers listed. Hagerty was the only one that said it was covered for occasional use other than driving to or from a show and other than daily driving. The others flat out stated that I wouldn't be covered driving to work or going to get groceries in it/running errands. I might drive it to work once a year when the weather is nice. But I take it out every weekend to pick stuff up when it is less than 90 degrees outside. I made sure it wasn't excluded in the policy both verbaly and in reading the doc. Some might have been a few bucks cheaper, but 300 a year isn't bad vs 250 a year and I can't drive it. |
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hagerty. you have to call and ask for each one of the insurers listed. Hagerty was the only one that said it was covered for occasional use other than driving to or from a show and other than daily driving. The others flat out stated that I wouldn't be covered driving to work or going to get groceries in it/running errands. I might drive it to work once a year when the weather is nice. But I take it out every weekend to pick stuff up when it is less than 90 degrees outside. I made sure it wasn't excluded in the policy both verbaly and in reading the doc. Some might have been a few bucks cheaper, but 300 a year isn't bad vs 250 a year and I can't drive it. |
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Hagerty was the only one that said it was covered for occasional use other than driving to or from a show and other than daily driving. The others flat out stated that I wouldn't be covered driving to work or going to get groceries in it/running errands. Different mileage tiers, modification & restoration policies as well. They seem more flexible and forgiving than some of the other companies I talked to. I didn't talk to every one though. |
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ACI has general use collector policies as well, so that isn't really true. Different mileage tiers, modification & restoration policies as well. They seem more flexible and forgiving than some of the other companies I talked to. I didn't talk to every one though. |
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Is it true that having collector's car insurance negates the requirement to have it emission tested?
Not to mention that I doubt any state has emissions specifications on Model T and Model A Fords... |
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Is it true that having collector's car insurance negates the requirement to have it emission tested? Haggerty says I can drive my junk where ever so long as I don't put 1000 miles on it if IIRC. |
| I have had Grundy Worldwide and Hagerty. From REAL WORLD experience, Grundy Worldwide was absolutely awesome to deal with for a rather large total loss claim that I made. They also had the best rates. I now have Hagerty on a different car do to Grundy not insuring me until more time passes do to the amount of the loss. Hagerty is more expensive, and hopefully if I ever have to make a claim, they will handle it half as good as Grundy (GW was THAT easy to deal with). |
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I have four of my cars insured through Grundy and couldn't be happier. They're all stated value policies and Grundy was more than easy to work with. They required current photos of each car and photographic proof that they were stored indoors, but that's it. When I took out the policies I checked both Haggerty and Grundy, and Grundy was almost half the price with better coverage. My biggest complaint is that their policies stipulate no drivers under 25 so I can't legally let my son drive any of my old cars. Not legally, at least... |
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Having an awesome custom retro car, paying insurance rates nearly equal to regular car insurance and only being limited to trailering, driving to or from a car show or other restrictive limitations would suck bigly. |
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Yep, I looked in it for my 66 F-250 but didn't want those limitations. I just add it to my existing policy with no limitations and it's $200 a year extra. Now if it were to get totaled I may get hosed on replacement value since I'm sure it KBBs for way less than I have into it. It's a trade off I'll take since I've saved at least that much over the past 30 yrs in premiums. Quoted:
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Having an awesome custom retro car, paying insurance rates nearly equal to regular car insurance and only being limited to trailering, driving to or from a car show or other restrictive limitations would suck bigly. And most importantly, the "limitations" are nowhere near as strict as what some people make them out to be. Know how I know? Because I was never even asked where I was going when I was going or what I was doing when I had my accident. 
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My problem is I have 4 cars that will only leave my garage to drive a few miles to keep things lubricated and reach operating temperature. The 4 cars have not been driven a total of 50 miles in the last 10 years. So less than 3 miles each a year and that may be high. My chances of being involved in an accident is virtually nil. My biggest concern is liability.
My insurance is through State Farm and I would bet none are valued for more than 25% of their actual value. Paying an average of about $850 a year on each and none have had a tag in 6 or 8 years. I need to call Hagerty or one of the others just in case I have a claim. That would be a nightmare! |
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I didn't know Grundy even did Stated value. Ditch that junk coverage and get Agree Value through them. Quoted:
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I have four of my cars insured through Grundy and couldn't be happier. They're all stated value policies and Grundy was more than easy to work with. They required current photos of each car and photographic proof that they were stored indoors, but that's it. When I took out the policies I checked both Haggerty and Grundy, and Grundy was almost half the price with better coverage. My biggest complaint is that their policies stipulate no drivers under 25 so I can't legally let my son drive any of my old cars. Not legally, at least... Quoted:
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Having an awesome custom retro car, paying insurance rates nearly equal to regular car insurance and only being limited to trailering, driving to or from a car show or other restrictive limitations would suck bigly. And most importantly, the "limitations" are nowhere near as strict as what some people make them out to be. Know how I know? Because I was never even asked where I was going when I was going or what I was doing when I had my accident. |
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That's actually what I have, I just misspoke. I told them how much coverage I wanted per vehicle and that's what they insured them for. Exactly. Not sure where some of these folks are getting their misinformation but they're not going to deny you a claim just because you decided to drive your old car to Home Depot one Saturday instead of a car show. Quoted:
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I have four of my cars insured through Grundy and couldn't be happier. They're all stated value policies and Grundy was more than easy to work with. They required current photos of each car and photographic proof that they were stored indoors, but that's it. When I took out the policies I checked both Haggerty and Grundy, and Grundy was almost half the price with better coverage. My biggest complaint is that their policies stipulate no drivers under 25 so I can't legally let my son drive any of my old cars. Not legally, at least... Quoted:
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Having an awesome custom retro car, paying insurance rates nearly equal to regular car insurance and only being limited to trailering, driving to or from a car show or other restrictive limitations would suck bigly. And most importantly, the "limitations" are nowhere near as strict as what some people make them out to be. Know how I know? Because I was never even asked where I was going when I was going or what I was doing when I had my accident. If your policy says "car shows only" they will absolutely want to know which show you were travelling to when you wrecked it. If they don't, that's an anomaly and not the norm. I'm sure I am not the norm but I figure if I've saved 20K over the past 30 yrs, I would have basically paid the entire value of my truck to the insurance company while receiving nothing in return. |
| I use Heacock. About $90-$100 per 10K sounds about right.There are stipulations. Mile per year driven (I drive about 1500), must be stored in a enclosed garage at your home address, etc. I suspect that if you have a sizable claim they may verify your claims. I have had vehicles insured for about 10 years and have only been asked to send a picture once after the initial policy. Comes with road assistance as well. I had an oil drop once, called the number, they sent a flatbed and got it home. Not bad for about $240 a year for full coverage. |
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My FIL has been buying and selling collector cars (mostly 50s convertibles) for 30 years. He usually keeps 6-8 cars around to drive. He uses Grundy and drives his cars all over the place. He has had a couple claims over the years and had zero issues dealing with them. Most of his cars value between 60-80k. Mostly AACA junior and senior cars.
ETA: he cannot allow anyone under 25 to use them either |