Classic or Recreational Auto insurance....

Stang_1973

Founding Member

Jul 13, 2001

565

9

38

San Antonio, Tx.

Oct 28, 2005

#1

• Oct 28, 2005

• #1

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.

 

G

gzminiz

New Member

Oct 15, 2004

200

0

0

Phoenix, AZ

Oct 28, 2005

#2

• Oct 28, 2005

• #2

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

Active Member

Aug 27, 2003

996

0

36

Lexington, Ky

Oct 28, 2005

#3

• Oct 28, 2005

• #3

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

New Member

Oct 9, 2005

92

0

0

Pennsylvania

Oct 28, 2005

#4

• Oct 28, 2005

• #4

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.

 

S

Soaring1

Banned

Jan 3, 2003

144

1

0

Texas

Oct 28, 2005

#5

• Oct 28, 2005

• #5

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.

 

6

66moneypit

Member

Dec 28, 2004

536

0

17

Northern Va

Oct 28, 2005

#6

• Oct 28, 2005

• #6

Soaring1 said:

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.

Click to expand...

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

Founding Member

Jul 13, 2001

565

9

38

San Antonio, Tx.

Oct 30, 2005

#7

• Oct 30, 2005

• #7

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

 

skywalker

Member

Dec 22, 2003

733

0

16

Pensacola, FL

Oct 30, 2005

#8

• Oct 30, 2005

• #8

Soaring1 said:

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.

Click to expand...

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

 

Az Pete

10 Year Member

Mar 30, 2005

711

18

49

Panama City, Fl.

Oct 30, 2005

#9

• Oct 30, 2005

• #9

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

Active Member

Aug 27, 2003

996

0

36

Lexington, Ky

Oct 30, 2005

#10

• Oct 30, 2005

• #10

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

 

Az Pete

10 Year Member

Mar 30, 2005

711

18

49

Panama City, Fl.

Oct 30, 2005

#11

• Oct 30, 2005

• #11

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

Active Member

Aug 27, 2003

996

0

36

Lexington, Ky

Oct 30, 2005

#12

• Oct 30, 2005

• #12

does insurance get worse if your like 18? haha

 

Stang_1973

Founding Member

Jul 13, 2001

565

9

38

San Antonio, Tx.

Oct 30, 2005

#13

• Oct 30, 2005

• #13

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

New Member

Apr 26, 2005

320

0

0

Dallas, TX

Oct 31, 2005

#14

• Oct 31, 2005

• #14

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

New Member

Aug 21, 2003

429

1

0

New Jersey

Nov 1, 2005

#15

• Nov 1, 2005

• #15

DissFigured said:

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.

Click to expand...

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

Founding Member

May 29, 2002

1,960

5

39

CT-USA

Nov 1, 2005

#16

• Nov 1, 2005

• #16

$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.

 

S

Steve69

Member

May 11, 2005

233

0

16

Nov 1, 2005

#17

• Nov 1, 2005

• #17

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

Active Member

Aug 27, 2003

996

0

36

Lexington, Ky

Nov 1, 2005

#18

• Nov 1, 2005

• #18

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

 

R

ravenblack67

New Member

Apr 2, 2005

46

0

0

Nov 1, 2005

#19

• Nov 1, 2005

• #19

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.