I need advice on car insurance

[Gears & Crosses]

That's odd, they addressed it directly to my Mustang since it is now 20 years old. They must have different policies offered in Texas vs Miss. We are also on their "guaranteed renewal" plan, (after 22 years of paying premiums) so they can not cancel me at all. Raising the rates is another thing, but so far they are very competitive with all the cut rate companies when I factor in all the discounts I get.

I do remember years ago, I did shop around. Most companies do not want to insure a performance car. Even with a good record, they treated me like I was rich or declined me right away. I had two cars insured with State Farm before the Mustang, and they substituted the Mustang witout a problem and even dropped my rates from what I was paying on an 81 Olds Cutlass!

trbkrb,

Let me know if you get or can get this coverage!!! I tried to get this plan a little over a year ago so maybe things have changed. If you could give me the name of the plan I would greatly appreciate it and I will try again. Most people where I live have true classics 50's-70's cars and maybe my agent is inexperienced with this? Many people are unaware of the increased desireablity and recent restorability of our Foxes.

Once you are in the door of a good insurance company they usually treat you right. The problem for most of us performance drivers is getting in... "5.0 Mustang, ah... no thank you"... "Mustang GT, that will be $350 / month, and we will need your first born child as colateral, when will you be dropping him off?" I know this, I had to wait until I was over 25 years old to get my first Mustang.

Wish me luck,
Gears

 

[7-UP BILL]

I have American Collectors insurance. I am allowed to drive 3K per year, ( I do about 500) and I have agreed value. Try Americancollectors.com They also insure collections of other things, (coins, dolls etc). I have never had a problem w/ them and the rates are pretty good

 

[MikeC]

Good Gosh, I called one guy and he wanted $250 for an appraisal !!! What's the deal here? How long does it take to look at a car and go online and get a price. Man, thats a weeks pay for some people in this country.

What a rip off,
Gears

Wow, I was only charged $50.

 

[Gears & Crosses]

Wow, I was only charged $50.

Where did you get your appraisal done?

Thanks,
Gears

 

[trbkrb]

trbkrb,

Let me know if you get or can get this coverage!!! I tried to get this plan a little over a year ago so maybe things have changed. If you could give me the name of the plan I would greatly appreciate it and I will try again. Most people where I live have true classics 50's-70's cars and maybe my agent is inexperienced with this? Many people are unaware of the increased desireablity and recent restorability of our Foxes.

Once you are in the door of a good insurance company they usually treat you right. The problem for most of us performance drivers is getting in... "5.0 Mustang, ah... no thank you"... "Mustang GT, that will be $350 / month, and we will need your first born child as colateral, when will you be dropping him off?" I know this, I had to wait until I was over 25 years old to get my first Mustang.

Wish me luck,
Gears

Sorry, I just today got an email notification of updates to this thread!

I called my agent's office and they said she is out sick, so she will call me back later this week. I'll let you know what I find out.

 

[MikeC]

Where did you get your appraisal done?

Thanks,
Gears

I got it done at a local shop that only sold classic cars, hot rods and muscle cars. They had a real GT40 when I was in there. They took pictures, and gave a print out of the cars condition, options and modifications. I actually thought $50 was expensive at the time.

 

[trbkrb]

I finally got an update from my agent. She said that the Texas classic car policies are available for a 20 yr old car or older through State Farm. She said the Miss policy must only be available for cars 25 yrs old or older as I suspected. They have a different policy filed with the respective State Insurance Departments, and they have different requirements for each state.

 

[Gears & Crosses]

Thanks so much trbkrb for getting back with me. Thats great that you have the opportunity to get that insurance. If I were you, I would jump on it, as of yesterday!

Gears