Young Owner's insurance

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foxpunk50

New Member

Aug 23, 2004

2

0

0

Delaware

Jun 21, 2006

#1

• Jun 21, 2006

• #1

I just got a 1970 Mustang Grande with a 351W. The problem is, I cannot find an insurance company that will give me reasonable features since I am only 16 yrs old. I am about to sign on with Hagerty with me being a secondary driver. However, the company wants my dad to write a letter to them stating that I will never drive the car without him being in the Mustang with me. Hagerty seems to be the only co. that I can find that will actually write a policy because the others that i have looked at won't write one b/c I am below the age of 26. If there is anyone out there that knows of a company that will give me features that beat Hagerty, I would GREATLY appreciate you letting me know about it.

 

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RedGTvert

Founding Member

Nov 21, 1999

3,129

1

58

Wellington, FL

Jun 21, 2006

#2

• Jun 21, 2006

• #2

Hate to say it, but good luck finding any company that will underwrite you. One of the downfalls of being young.

Is this going to be a daily drive or true classic?

 

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85 Turbo Bird

Founding Member

Aug 30, 2002

77

0

0

Sacramento, CA

Jun 22, 2006

#3

• Jun 22, 2006

• #3

check out 21st. They were going to charge me ~$150/6mo for a 68 V8 coupe, but that'd be a second car on the policy and I'm growing old at the age of 24

Edit - If you go with them let me know so I can give you my info and tell them I reffered you

 

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foxpunk50

New Member

Aug 23, 2004

2

0

0

Delaware

Jun 22, 2006

#4

• Jun 22, 2006

• #4

"Is this going to be a daily drive or true classic?"

I'm expecting to drive it every once in awhile to school and some other places but definitely not daily.

 

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foxpunk50

New Member

Aug 23, 2004

2

0

0

Delaware

Jun 22, 2006

#5

• Jun 22, 2006

• #5

It just seems strange to me that they have the YO club (young owners) in Mustang Monthly and Mustangs and Fords so i would assume that the teenagers in there have some way to get insurance. I will check 21st though and see what they can do for me.

 

69Rcode_Mach1

Active Member

Apr 20, 2004

1,473

1

37

Salt Lake City, Utah

Jun 22, 2006

#6

• Jun 22, 2006

• #6

I have mine listed so that they think my mom is the primary driver, cause I am only 19. It is also listed as driven infrequently I pay $170/6 months. I have had too many tickets too, cause my insurance for the 5.0 on full coverage costs me $330 a month. Luckily I am paying it off and dropping it to liability only which will put me at $140/month. I am with ANPAC. I am shopping around right now, I hate insurance!!!!!!!

 

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RedGTvert

Founding Member

Nov 21, 1999

3,129

1

58

Wellington, FL

Jun 22, 2006

#7

• Jun 22, 2006

• #7

foxpunk50 said:

"Is this going to be a daily drive or true classic?"

I'm expecting to drive it every once in awhile to school and some other places but definitely not daily.

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Remember, most classic insurance policies do have certain restrictions, although it may be tough for them to prove you didn't meet them. The only way I guess they can find out is through state inspection records. Here in Florida, that would not be an issue, since we have no vehicle inspections at all.

 

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PJx5x

Member

Mar 30, 2005

197

0

16

Chicago

Jun 22, 2006

#8

• Jun 22, 2006

• #8

im 17, and have a 68 coupe V8 insured as a daily driver. costs about $115/month with a clean record through State Farm

 

Cobain03

Active Member

Aug 27, 2003

996

0

36

Lexington, Ky

Jun 22, 2006

#9

• Jun 22, 2006

• #9

i insured mine as soon as i turned 16 with hagerty. you have to have one car per licensed driver not including the classic, and not drive it daily, although there were no restrictions. i have it as a stated value of 14k and its 140 a year. im 18 now, and still with them. oh and btw, it helps to have good grades!

 

Cannoball888

New Member

Dec 25, 2005

320

0

0

Gainesville, FL

Jun 23, 2006

#10

• Jun 23, 2006

• #10

RedGTvert said:

Here in Florida, that would not be an issue, since we have no vehicle inspections at all.

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Of all the states I've ever lived in Florida has more moving junkers on the road than any other (Ever see planes, trains, and automobiles?). Yeah, I feel really comfortable knowing that I'm on the road with moving vehicles that have bald tires, no horn, no lights, and no working brakes. Gee, I wonder why Florida has some of the highest insurance rates in the country. I'm through venting. Thanks for listening.