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Insurance...wondering how others insure their 89's

  • Thread starter Thread starter Alot
  • Start date Start date Jan 26, 2019
A

Alot

Member
Oct 11, 2018
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1
13
USA
Jan 26, 2019
#1
  • Jan 26, 2019
  • #1
I've got a basic 89 4 cyl hatchback (in Arkansas) that I keep in the yard under a cover and use a 96 Honda Civic for my regular car. The only time I drive the Mustang is if relatives visit for a week or so. This happens 2 times a year. Then I let them use the Honda. Originally I would insure both for liability and some of those years I would never actually need to drive the Mustang. I think it was around $600 for both. I asked the Hartford Insurance company local dealer if I could just add the Mustang when needed. It took a while to get a clear answer but eventually they said I could insure the Honda for $400 with my understanding that I could add the Mustang for a few weeks if needed. This last year it went to $500. I paid that last Spring and recently got a bill for another $100 after having used it for a week in the Fall and 2 weeks now. So basically I'm back to what I paid for both cars liability at the beginning. I wondered if some others in this situation had found a cheaper way to do this? Thanks
 

JD1964

there is enough sticking out to grab on to
15 Year Member
Jun 28, 2013
3,442
1,526
194
Maryland
Jan 26, 2019
#2
  • Jan 26, 2019
  • #2
In Maryland where i live, you must have insurance to be in possesion of valid tags and registration. So, no matter how little you want to drive it, you have to maintain insurance coverage. Or else, turn in your tags.
 

billison

I like tinted tail
15 Year Member
Feb 27, 2006
2,607
1,094
184
stl
Jan 26, 2019
#3
  • Jan 26, 2019
  • #3
For the 89, call a classic car insurance like hagarty. You’ll be much better off
 
Reactions: Shakerhood

Sparky714

5 Year Member
Oct 16, 2015
368
208
73
North Dakota
Jan 27, 2019
#4
  • Jan 27, 2019
  • #4
I do an agreed value insurance on mine. I can drive it unlimited miles, and then when I park it for the winter, I just call and have my insurance guy and drop it to just comp. Only costs a couple hundred bucks a year.
 

billison

I like tinted tail
15 Year Member
Feb 27, 2006
2,607
1,094
184
stl
Jan 27, 2019
#5
  • Jan 27, 2019
  • #5
I think my 88 gt was like, 300 a year .
 
A

Alot

Member
Oct 11, 2018
11
1
13
USA
Jan 27, 2019
#6
  • Jan 27, 2019
  • #6
These comments are all helpful. I don't have much knowledge in this area. I'll have to check on what the law is here regarding the license plate and tags. Didn't hear anything about having to turn them in when in storage.Even though the car is is good shape for it's age unfortunately it doesn't seem to be very valuable (judging by the for sale ads here) so comprehensive doesn't seem so necessary. I would like to find insurance that allowed for very occasional driving. I read on this forum about classic insurance not allowing driving for errands which is what I would be doing.
 
Last edited: Jan 27, 2019

Mustang5L5

That is…until I whipped out my Bissell
Mod Dude
Feb 18, 2001
43,260
17,945
224
Massachusetts
Jan 27, 2019
#7
  • Jan 27, 2019
  • #7
Im no help. MA is expensive. My daily driver costs $1800/year to insure.

I use haggerty for my '88. $12k value for around $400/year. I'm limited to 2500/miles a year and they car must be garaged. If I used regular insurance liability alone would cost me $1k
 
Reactions: Shakerhood
A

Alot

Member
Oct 11, 2018
11
1
13
USA
Jan 28, 2019
#8
  • Jan 28, 2019
  • #8
Mustang5L5 said:
Im no help. MA is expensive. My daily driver costs $1800/year to insure.

I use haggerty for my '88. $12k value for around $400/year. I'm limited to 2500/miles a year and they car must be garaged. If I used regular insurance liability alone would cost me $1k
Click to expand...
Wow, that's a lot for the daily driver. Interesting though about the Haggerty. So, it's more than just liability?
 

Mustang5L5

That is…until I whipped out my Bissell
Mod Dude
Feb 18, 2001
43,260
17,945
224
Massachusetts
Jan 28, 2019
#9
  • Jan 28, 2019
  • #9
Alot said:
Wow, that's a lot for the daily driver. Interesting though about the Haggerty. So, it's more than just liability?
Click to expand...

Yes. It's agreed value. I say I want $12k coverage and pay based on that. My car gets stolen...I get $12k.

Of course there are restrictions. Garage, need a daily driver registered to each driver in the household, max number of miles per year, and can only be used for pleasure drives. It gets stolen at Home Depot, I may be SOL.

The policy is more coverage than liability and I also get free towing on the mustang up to 15 miles. They have additional layers of towing but I do most of my driving around home so it works for me

Insurance in MA is expensive overall so these numbers may be cheaper for you.
 
Last edited: Jan 28, 2019
Reactions: Shakerhood
A

Alot

Member
Oct 11, 2018
11
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USA
Jan 29, 2019
#10
  • Jan 29, 2019
  • #10
Great to know what the specifications are on that policy. Good to have as much background as possible before I call the insurance people about the bill they sent. Thanks
 

Shakerhood

20+ Year Stangneter
Oct 28, 2004
3,356
208
114
Ohio
Jan 30, 2019
#11
  • Jan 30, 2019
  • #11
I have agreed value on mine too, think its American Collectors Insurance.
 

Jersey Joe

I remember blowing that Monkey's ass
10 Year Member
Nov 29, 1999
762
1,292
154
Bloomingdale N.j.
Jan 31, 2019
#12
  • Jan 31, 2019
  • #12
I have classic insurance on my 89 from Grundy, 142 bucks a year in NJ. But like others have mentioned it needs to be garaged, limited miles and must not be the only vehicle registered to me.
 

Rdub6

So while I wait to figure out my rear end issues
5 Year Member
Dec 29, 2017
3,955
2,937
153
Long Island, NY
Jan 31, 2019
#13
  • Jan 31, 2019
  • #13
same here on the Haggerty. $5000 value and 2000 miles a year for $200 on Long Island, NY

Hopefully I’ll have to upgrade the value if all my plans for it work out!!
 
A

Alot

Member
Oct 11, 2018
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1
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USA
Feb 1, 2019
#14
  • Feb 1, 2019
  • #14
Helpful info. Thanks.
 

General karthief

wonder how much it would cost to ship you a pair
20+ Year Stangneter
Aug 25, 2016
27,947
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polk county florida
Feb 1, 2019
#15
  • Feb 1, 2019
  • #15
Flo insures mine, less than 500 a year liability only, drive it when I want, how I want, they don't care if I park it upside down in a ditch. It's not worth much but it's fun to drive.
 
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