how much is insurance on a classic?

[White SHO]

I'm considering buying a classic as a daily driver...

I'm wondering

A. Who will insure a classic for unlimited mileage, no garage etc.?
B. About how much does it cost you guys that are in this situation?

FWIW, I am 22, clean record, no tickets, wrecks...should get good student discount, and multiple policy (due to renters insurance) discount. I am also looking for costs based on an agreed upon "value" of the car...

If insurance will be just as high as a newer car then I probably won't be in a classic

Thanks!

 

[68GEETEE]

I insure my car as a daily driver even though I only use it on weekends. Reason being if I apply for 'classic' insurance, they restrict your mileage and usage, and I want to be able to use it if I have to at any time.

That being said, I pay just under $900.00 per year for full coverage insurance, along with a stated value of $15000.00. This is to help settle in the event of a claim. I am 42 years old, I imagine your rates will be higher due to your young age. I have progressive insurance, they seemed reasonable, and I have had good service so far.

 

[65fastback2+2]

im 18, i have liability insurance on a 1989 VW cabby, and so I am able to drive any of the other cars on the policy. My dad, who is 38, is insured on the Mustang, which i have full coverage for, for the declared value of $20,000. We use allstate insurance, i get driver ed discount, multiple car discount, and we get a dsicount cuz our house is insured with allstate. When all is said and done, I pay $130, which covers the insurance for the 89 cabby and the 1965 Mustang. No dad doesnt help me out with insurance, thats the full amount for the insurance.

 

[streetstang67]

I'm 17 and I usually drive an explorer, so the mustang is a "secondary vehicle". I have full coverage, one ticket, and its in my name. Its only $55 a month! Not bad at all.

 

[shelbyseven]

i've seen "agreed","stated",and"declared" value used in this thread.can anyone decipher this insurancese? my car is a secondary usage,limited usage(they've never looked at the odometer)car.they asked "how much is it worth?"...i said...maybe 14,000...99 dollars every six months.

 

[66'Stanger]

Does any one have a guess on how much insurance for a 16 yr. old on a '66 coupe would be?

 

[Edbert]

Rules and costs vary greatly from one state to another, in fact they can vary widely from one county to another. I STRONGLY urge everyone to have a declared/stated value of the car written into the policy no matter the use you intend for the vehicle. I am planning on an RV policy for mine, I declare the value and choose the # I want written in for the annual mileage.

 

[livyx95gt]

I had a 66 coupe as my daily driver, had an agreed value of 9,000 w/ my insurance company, and had an apraisal for 8,500. That being said, when a girl ran a red light and totalled it, they said the car was worth 3200 and that is what they tried to give. After about a month of fighting I got 9k but it was a bitch... Just because your insurance says ok to the agreed value does not mean that someone else's will.

I have a hard time recomending using a classic as a daily driver. I am speaking from both sides of the fence here. Trust me, it hurts being in an accident in a 38 year old car. Not a fun experience in a lap belt, drum brakes, and no crumple zones.

To answer your question, I am 23 (was 22 when I had the car) and it was only 600 ish every 6 months.

Just think about what could happen thats all I am saying... [steps down from soap box and posts a picture of the carnage]

hope the picture works.
Pic

 

[paintballtommy]

tripple a screws me i pay 1700 bucks a year on my 68 stang jsut for liability. they wont give me collision no matter what. thing is thoguh i have to be on my parents plan i could get it so much cheeper elsewhere though but i cant cause im only 17