What classic car insurance company has the least restrictions with their policies? In other words, which one offers the freedom to drive the cars anytime and anywhere besides parades, shows and club events?

 

Nelson, I'm not sure if there's an insurance company that allows drivers to use their classic "all the time." I know most of the companies require customers to have an additional car to be used as a daily driver.

I use Hagerty and I'm very happy with it. My wife and I both have daily drivers even though I'm the only driver on the Hagerty policy. They allow me to drive the car for historical display as well as for "pleasure use" (i.e. getting ice cream, taking the wife on a date). I was even told by a Hagerty representative that I could drive my car to work in rare instances (in the past 14 months I've done this twice). I hope this helps. Good luck in your search for an insurer.

 

I've insured my last two project cars through State Farm at a lower price than the Classic Car Insurers offered. I insure my daily drivers and my property through State Farm.

At about $300/year they basically cover the specialty/collecter cars the same as my daily drivers with these two exceptions:
1. Driven less than 5,000 miles per year and not to commute to work.
2. Determination of value from an Appraiser.

The only thing they won't do is insure it for property damage (i.e., a fire in my shop, a tree falling on it etc. until it is licensed. The collecter car insurers will. I found out most property insurance will not cover an automobile damaged on your premises. They expect you to have car insurance for that.

If you want to drive it unlimited miles and to work etc. then I think you just have to insure it as a regular vehicle and likely have an appraised value filed with your policy to protect you against a lowball settlement offer in case of a total.

Jerry

 

They all basically let you drive your car for enjoyment (some with annual reasonable mileage restrictions), you just can't use it as a daily driver. Most require a garage, pole barn, ect... for it to be parked while some may let you park it on your driveway. There are some age requirements for younger drivers not to be able to drive it. There must be another car available for all licensed drivers in the household though under certain circumstances that can be waived. Most of the CC insurances are reasonable and the biggest difference is in price. Shop around and I suggest you do not want any type of policy thats not an "Agreed Value".

 

I agree with Olds 64. I don't think that there is a collectors insurance w/o restrictions.
I'm with American Collectors (subsidiary of USAA). For $170 a year, my restrictions are as follows.
1. Drive no more than 2500 miles per year.
2. Store car inside.
3. No one who has had their driver's license for less than 10 years is aloud to drive the car.

Now depending on the state that you live in, there might be additional laws on the books. I live in Maryland and if I want to insure my car as a normal "daily driver", I would have to install shoulder seat belts in addition to making it so it would pass the state emissions test and safety inspection.

 

Mine is through Farmers and sounds a lot like Jerrys policy. Basically two stipulations, can't use for work and has limited mileage and only with an appraisal.

I also have Historic plates and Missouri has stipulations on that alone. Again its similar, limited mileage, can't use it for work, and must carry log book of miles used. Joy rides no problem.

I think they all have restrictions of some sort.

 

Log book?

 

From the Mo.Dept of Revenue:
"The owner is responsible for keeping a log of the miles driven for personal use each calendar year. The log must be kept in the vehicle when the vehicle is being driven on any state road."

 

I have been very happy with J. C. Taylor... 6 vehicles insured with them... No issues so far, never asked for mileage verification... They are all stored inside and must have a daily driver... One restriction they were very adamant about concerned a cap on my pickup truck (which I thought was odd), but I did remove it to obtain the coverage I needed (it's not like I needed the cap for any reason)...

 

So when you get pulled over they can say "show me".

 

x2

 

I use Grundy, most of the restrictions listed above are the same except they don't record or ask for mileage (or at least not in the last 10 years) and when I've call to let them know i'm taking the car out of the country or state they just say have a good trip. I do have to keep the car locked in the garage when at home.Good company..... Tedd

 

Grundy here too... Must have a daily driver, no mileage or out of state restriction. Car has to be stored in garage. I'm using a standard plate. They gave me a better rate than Hagerty for the same agreed upon value.