Classic Insurance question

fox-gt

Member

Feb 28, 2004

204

0

17

TN

Nov 24, 2006

#1

• Nov 24, 2006

• #1

My car is finally done and now I want to insure it through an insurance company that deals mostly with classic cars. What insurance company do you use? How did you get it appraised, etc?

 

R

rc4mike

Member

Oct 10, 2006

142

0

16

Nov 24, 2006

#2

• Nov 24, 2006

• #2

i just got insurance through Haggerty.
mike

 

B

blue65coupe

New Member

Aug 14, 2006

71

0

0

North Carolina

Nov 24, 2006

#3

• Nov 24, 2006

• #3

Hagerty here also. About 2 months ago. Simple. Filled out app., emailed 4 pics, told them how much I wanted to insure the car for (no appraisal) and it's done. Once they got the info (app and pics) I had faxed ins. card within 30 minutes. They don't want you using it as a daily driver but they don't ask for odometer readings Very easy to deal with

 

V

vinman12

New Member

Nov 24, 2006

0

0

0

Nov 24, 2006

#4

• Nov 24, 2006

• #4

blue65coupe said:

Hagerty here also. About 2 months ago. Simple. Filled out app., emailed 4 pics, told them how much I wanted to insure the car for (no appraisal) and it's done. Once they got the info (app and pics) I had faxed ins. card within 30 minutes. They don't want you using it as a daily driver but they don't ask for odometer readings Very easy to deal with

Click to expand...

I also have Hagerty... same process as above. Very easy to deal.

 

R

RedGTvert

Founding Member

Nov 21, 1999

3,129

1

58

Wellington, FL

Nov 25, 2006

#5

• Nov 25, 2006

• #5

Me too, most painless insurance carrier I have ever worked with. As long as the value of the car does not exceed what underwriting deems as the max, they will insure for agreed value.

 

fox-gt

Member

Feb 28, 2004

204

0

17

TN

Nov 25, 2006

#6

• Nov 25, 2006

• #6

How did you come up with the value / what it is worth?

I know how much I have put into it, not sure if that would be the same thing as what it is worth.

 

Cobain03

Active Member

Aug 27, 2003

996

0

36

Lexington, Ky

Nov 25, 2006

#7

• Nov 25, 2006

• #7

i figured up how much i have into it. then added a little to compensate for labor costs. you can also look at for sale adds and see what they are going for.

i also have haggerty. no problems with them. i had mine insured for 12 when i first insured it. now since the rebuild and other things, upped to 14.

 

bdepedro

Member

Nov 6, 2006

362

2

19

Outer Banks, NC

Nov 25, 2006

#8

• Nov 25, 2006

• #8

I'm also insured through Hagerty. I applied on-line, it was soo easy. Saved me a lot of $$! To find a value, I did the same thing. I added up what I had into it with actual costs and time and also looked at comparable car ads. The bottom line is this: insure the car for the cost to replace it. Your premiums will reflect that value, higher payoff = higher premiums but still cheap. I pay about $210 a year with a payoff of $18K! Be sure to increase your payoff as you add value to your car as well.

 

R

RedGTvert

Founding Member

Nov 21, 1999

3,129

1

58

Wellington, FL

Nov 25, 2006

#9

• Nov 25, 2006

• #9

66mustang93 said:

How did you come up with the value / what it is worth?

I know how much I have put into it, not sure if that would be the same thing as what it is worth.

Click to expand...

For my 67, I used NADA retail guide. Since my car is well restored, I used the high retail figure + 10%.

When I owned my Mach, I used recent sales history to guage value and added 20% since it was an MCA concours gold car.

I also have my 87 GN with them and used recent sales history from B-J and Ebay.

 

Cannoball888

New Member

Dec 25, 2005

320

0

0

Gainesville, FL

Nov 25, 2006

#10

• Nov 25, 2006

• #10

http://www.parishheacock.com/content/

 

coolblue65

Founding Member

Jul 26, 1999

1,224

2

39

Algonquin, IL

Nov 27, 2006

#11

• Nov 27, 2006

• #11

I too use Haggerty, I pay around $235 a year for $15k coverage. Besides not having to deal with driving restrictions (time of year or mileage) another great thing is there is no deductibles with them.

One other thing to note, you have to have a enclosed garage.

 

bdepedro

Member

Nov 6, 2006

362

2

19

Outer Banks, NC

Nov 28, 2006

#12

• Nov 28, 2006

• #12

Good point, I had forgotten to mention the lack of mileage restrictions with Hagerty which most other classic car insurance policies have. If you drive your car with any real frequency (a couple times a week or more) than Hagerty is definitely the best choice.

 

Cobain03

Active Member

Aug 27, 2003

996

0

36

Lexington, Ky

Nov 28, 2006

#13

• Nov 28, 2006

• #13

also, for those reading, haggerty is the ONLY company that will insure a 16 year old. we called everywhere and they said sorry lol

 

B

bnickel

Founding Member

Aug 21, 2002

5,640

3

77

lubbock, texas

Nov 28, 2006

#14

• Nov 28, 2006

• #14

Cobain03 said:

also, for those reading, haggerty is the ONLY company that will insure a 16 year old. we called everywhere and they said sorry lol

Click to expand...

wow, now that is pretty cool.

 

blown65

Founding Member

Jul 7, 1999

1,938

4

39

Queen Creek Arizona

Dec 4, 2006

#15

• Dec 4, 2006

• #15

I was with Hagerty for quite a few yrs, but recently switched to a company called ANPAC. Reason why is they insure all my things, house, toys, cars. Ended up saving about 800 a yr total (not alot but still enough) but the kicker is, if your claim free for 3 yrs you get 25% back of your first yrs premium. Same next yr and the yr after. I havent had a claim in many many yrs so its a good deal for me as long as I stay good. (Still less even without that nice addition)

Lady in Redmond Oregon named Nadine was great to work with.

 

fox-gt

Member

Feb 28, 2004

204

0

17

TN

Dec 5, 2006

#16

• Dec 5, 2006

• #16

I'm a little disappointed so far.

They will not process my application because I have an open claim from my other insurance company with my daily driver. That is the dumbest thing I have ever heard. They will not insure my 66 stang cause my 93 stang was in an accident and the claim is not closed.