Classic or Recreational Auto insurance....

[Stang_1973]

Now that the '73 is streetable I am thinking of not using it as my daily driver anymore and keep for for when I just want to have some fun. What kind of insurance is available. Do any of you have a similiar insurance policy? Are there restrictions?

I did a search online but most companies couldnt give me info when they asked me for my state. it would just say that their is no online support for my state.

Naturally i am going to check with my current insurance provider but i just wanted to see more or less what i could expect.

 

[gzminiz]

Most classic car insurance has something that restricts how much you can drive it. However I have never heard of them checking that. In AZ if you hold Classic Car insurance it also exempts you from emissions (someone here told me that, thank you for that again).

 

[Cobain03]

with hagerty, they told me as long as there is 1 vehicle for every licensed driver excluding the classic, there is no mileage restraints. and they was the only company who would let a 17 year old be on the policy!
120 a year, no limits, 12k coverage

 

[cradicg]

If you have any military ties, USAA has "normal" auto coverage for classics. If the vehicle is high $$$, they have a third party that covers vehicles beyond their book value. Check www.usaa.com for eligibility.

 

[Soaring1]

I used Hagerty for a few years. But, I found that if you only want liability, then your own insurance company can offer you about the same price if you have other cars. I just register mine as a 65 Ford. No mention of Mustang is required with my company. And I have unlimited mileage. You better check more carefull with Hagerty, as they do have a mileage restriction.

 

[66moneypit]

I used Hagerty for a few years. But, I found that if you only want liability, then your own insurance company can offer you about the same price if you have other cars. I just register mine as a 65 Ford. No mention of Mustang is required with my company. And I have unlimited mileage. You better check more carefull with Hagerty, as they do have a mileage restriction.

That surprises me the insurance company wouldn't want to know what exactly they are insuring. But I guess with just liability they don't really car cause they will never pay for your loss just the other persons. I don't think I could ever take out just liability on my car though.... I'd feel half naked everytime I drove.

 

[Stang_1973]

Thanks guys! i will definately be looking into this. I cant wait to get the stang back on the road.

 

[skywalker]

I used Hagerty for a few years. But, I found that if you only want liability, then your own insurance company can offer you about the same price if you have other cars. I just register mine as a 65 Ford. No mention of Mustang is required with my company. And I have unlimited mileage. You better check more carefull with Hagerty, as they do have a mileage restriction.

You must not have ever been hit by an uninsured driver - you'd have full coverage if you had.

 

[Az Pete]

One thing I saw happen locally a few years ago was a friend had liability only on a classic and when "it" happened, (T-Boned), the other ins. companies lawyer didn't want to pay out for the full classic value and used the reason that if the owner did not think enough of the classic to carry full coverage classic ins, then they would only pay the blue book value. That is the way it ended after some legal battle.

Me, I carry full coverage on appraised value on my '66 with no milage limitations and no restrictions on when and where I drive. It runs a bit more ($400/yr) but I have no worries about coverage. It is with State Farm.

 

[Cobain03]

how old are ya pete? lol having full coverage with a 17 year old is a different story

 

[Az Pete]

Been there and done that with the teenagers. Just me and the wife now. One thing I did run into when I had a teenage son at home was that I could sign a paper that restricted him from a certain car as long as it was not his car to drive. I do know where you are coming from though. Just remember, a few more years.............lol

 

[Cobain03]

does insurance get worse if your like 18? haha

 

[Stang_1973]

shoot 400 bucks a year is not bad for full coverage on a classic IMHO. Just liability on my truck runs me about 700/6months with Progressive. I have no claims and no record. I cant wait to see what i can find.

 

[DissFigured]

I looked into all the classic insurance companies, and they had restrictions etc.

Turned out to be cheaper to just add it to my current progressive insurance policy and there are no restrictions.

I would start by trying to add it as a second car to your current policy. It will likely be the best bet.

I think I pay $280 per year for it and I can put as many miles as I want on it.

 

[RGS0907]

I looked into all the classic insurance companies, and they had restrictions etc.

Turned out to be cheaper to just add it to my current progressive insurance policy and there are no restrictions.

I would start by trying to add it as a second car to your current policy. It will likely be the best bet.

I think I pay $280 per year for it and I can put as many miles as I want on it.

The classic companies at least will pay you what your agreed value is in case the car is totaled or stolen. The agreed value is what separates the classic companies from the regular ones.

If you can live with the restrictions, you can save a real lot of money. Living in NJ, (the highest insurance state).. I'm happy to be paying about 20% of what a regular insurance company will charge.

 

[Platonic Solid]

$234 annual - $15,000 stated value converage - 5,000 mile annual max. - garage required. Through "Great American", but I think they've been doing some reorganization lately. I originally got the policy through my local "Progressive Insurance" representative.

 

[Steve69]

Condon & Skelly

69 Mustang $18000.00 value $100.00 in towing. Mileage limit of 2500.

$164.00 a year

39yrs old

Hope this helps
Steve

 

[Cobain03]

i was reccomended condon and skelly as well. but they had the age limits..

 

[ravenblack67]

I have classic car insurance that is for the "stated value" of the car. I had to shoot a lot of pictures, promise to drive less than 2500 miles per year and show proof of another car for my daily driver. Total bill is $121 per year for my '67. I have yet to exceed 1000 miles per year since it is a show car and very occasional weekend cruiser. In my case it was far cheaper than USAA. There are several companies that offer this policy. Hagerty is the most recognized.