hello guys,

I have had my olds under my normal insurance policy with progressive and am now considering going with a classic car insurance company.

The rates seem extremely low and I just wanted to see if other people could share what they pay through there classic car insurance.

I have a 68 olds 442 that I am getting covered for 15,000

hagerty will cover it for 280 and heacock for 180 per YEAR!!!

This seems extremely cheap and wanted to see if it is accurate or if there are any hidden surprises.

 

I can tell you about Hagerty because they would NOT insure my Corvette. They said absolutely I couldn't drive it to work. It had to be in a garage. They needed proof of insurance for another car I drove. And when they found out I got a speeding ticket in my work truck two years prior, they said sorry, no can do.

I know several people that have their Amphicars insured with Hagerty and some have had claims and haven't had any trouble.

 

If this is a pleasure only car kept in a garage, and you have a car for every driver in the household besides this one for family members to drive classic car insurance is a great deal. Make sure you get an agreed value policy not a declared value. The agreed value is what you will get as a total loss, a declared value is what the market value of the car is and can be much lower than you think.

As stated above there are restrictions on how you use the vehicle.

 

The classic car insurance can be pretty restrictive as far as use goes. I use Haggerty in Canada and basically you cannot drive your car somewhere where it will be unattended. Such as work, shopping malls, etc. If you do go to a car show over a weekend or a few days they will cover that. I pay about $250.00 a year based on an appraisal of $25,000.00. That is agreed value.

 

I have Chrome (agreed value) for both my cars. There are almost no restrictions and the price is right. The more familiar companies have way to many restrictions.

 

Read the whole policy and especially the fine print. Ask the agent to clarify any questions you might have about allowed mileage and who can drive. You will also need to have some form of proof the car is what you say it's worth if they want to see it.

 

Yes - Stated or Agreed Value is a must have. Also, check the restrictions on mileage. Most will say car shows, cruises, or club events. I have had J.C. Taylor forever. They permit up to 2,000 miles for any non car collector activities. They paid for a grille and a windshield damaged in separate instances at the restoration shop without question. I had to place my 93 Pace Car with another company because of age restrictions that J.C. Taylor has. That was damaged and the insurance company took the cheap way out of fixing it. Not the way I would have done the car. Now the car is with J.C.Taylor.

 

My dad used J.C. Taylor for many years and I have stayed with them since inheriting his car. Here is a link to the FAQ page of their website ...

http://www.jctaylor.com/antique/antique_FAQ.html

 

Hagerty hassled me because I told them I might want to drive my Cutlass to work a couple times a week. Then they asked for photos of the garage and proof its kept there. And when they found out I lived with my brother they started asking tons of questions about him. Not worth the headache. They want someone who puts their car in a vault and wipes it with a diaper.

 

Cotton diapers make great polishing clothes

 

rally insurance is who I go through and they use American Modern. They have lots of levels, agreed value etc. And different usage and mile limitations so I'd give them a call. I think they are in Wheaton IL.

It is way cheaper insurance as they know the car will be stored way more than used. That you will be doubly careful with it and its usually put away in winter

 

I have mine insured with Grundy with agreed on value, just finished a claim and they were great. I pay just under $ 300 dollars a year and have complete coverage no deductible .The usual limits as having another car and locked garage, limited to 4000 miles a year but no one has ever checked my mileage in years. They say I can use it for pleasure trips but everytime I'm in it it's for pleasure.... Tedd

 

just did the same thing and switched to haggerty. only been a month but they seem responsive and willing to cover the car above bluebook with records/receipts. I pay $240/year for plain jane 67 delmont town sedan 330CID.

 

I've had Grundy agreed value on my Olds for years, and as mentioned, this cannot be a daily driver. Garaged, and proof of another car's registration. Actually think Grundy now has plans for this too. You're really wanting agreed value though, as parts for older cars, can be a tough find, and least get agreed value for a total, rather than what normal insurace would cover. When you think about it, how many claims do these carriers acually have to pay pay out, and not exactly like $20K is a big deal, in today's automotive climate.

 

I have Grundy with agreed value. I pay just under 600 a year. I do have to keep it garaged and limited mileage. I haven't had a claim (knock on wood).

 

I have had Haggerty for years now, give them a copy of regular car insurance and drivers license #s and pics and value, and a secure storage as long as you don't have any issues and above 25 years there should be no issues.

I made a glass claim around 2004 asked a couple of questions and where and when, they paid the bill in full.

Pat

 

I have to say i have J.C, Taylor but there customer service hours suck 4pm they close ???
But they are cheaper than hagerty but dont get me wrong i do like hagerty .
Hagerty is open 24 /7
When they pay out a total loss there are less issues some of my friends have had to make claims and they took care of them well!!
You get what you pay for.

 

You've gotten a lot of responses which pretty much sum things up. It's cheaper than regular insurance because there are restrictions on the use and storage of the car. It must kept in a locked garage. It can't be your daily driver. You often have mileage restrictions, but that depends. You can't leave the car unattended, so no trips to the mall or occasional commutes to work or whatever. Just car shows, parades, drives in the country, that sort of thing. (I take mine to the local ice cream stand where I can park right in front of the walk-up and see the car at all times.) All drivers have to be at least 25 years old.

I've used J. C. Taylor since the early 1990s and have never had any problems. Of course, I've never filed any claims, either (knock on wood!).

 

J.C. Taylor doesn't have the unattended restriction and, although they limit miles to 2500 for underwriting purposes, they do not enforce a mileage restriction - their FAQ page clearly states this. I think J.C. Taylor is one of the better options. I pay just under $350 annually with no deductible and agreed value of $30,000 for my '53 Super 88.

 

My take is that they're both ways about it. On their FAQ page, they say they don't have an "attendance clause." On the other hand, in the very next paragraph, they say you still can't use it for commuting or running errands. So which way is it?

Personally, I wouldn't leave my collector car unattended in a public place regardless of what the insurance company allows!

 

I think they leave a lot of wiggle room in their terms and conditions, which is exactly what I like about them. I agree with you - I wouldn't normally leave my car unattended in a parking lot either but if you are at a show out of town how can you NOT leave your vehicle unattended unless you sleep in it? I don't commute or run errands in my classic car - EVER (got that J.C. Taylor) - but I do exercise my classic car and occasionally drive toward work or the auto store .

 

I know what you mean, and I've done the same thing. You attend an out-of-town show, and you have to park the car in the hotel parking lot. I've always considered that an "attended" situation as I'm attending a car show! I try to park under a streetlight or right outside my motel room door if the situation permits. Otherwise, I try to park it next to another car more valuable than mine also attending the show!

 

Ha! That's a clever tactic right there. Good advice!

 

I am with Haggerty as well. I told them its garaged and I drive it to work around once a week. They said no problem and I paid around 260 a year for 15000 of coverage. The transmission went out on my car pretty much right after I did that. I called them and said it would be a while for me to fix and I would like the reduce the coverage. Got "my car only sits in the garage 100% of the time" coverage for a 100 (they paid me back 160).

In my opinion they have been really easy to work with and I've had no problem. 0 speeding tickets here :-)

 

I have hagerty insurance on a couple of my cars. Yesterday I asked them about what type of coverage they were providing. Here is the reply:

Thank you for your e-mail. We write a guaranteed value policy. This means that if you were to insure a vehicle for $20,000 and were to have a total loss, you would receive the full $20,000 for the vehicle. We won't just take the blue book value and don't take depreciation into account.

Hagerty is willing to cover custom cars if you document what was done and provide pictures. My 72 was appraised valued at $18,500 when I purchased it in 2007. I spent quite a bit more money making the car what I wanted. State farm told me they would only cover it up to appraised value even though I had much more into the car.This was on a declared value policy.
Hagerty set the current insured value at 38,500 yesterday. Now I will not worry quite so much when I drive the car

 

I never had coverage but got it just three months ago after urging from a friend. I contact every company I could find and I'll have to say Hagerty was by far the best to deal with. My car has been in the midst of frame off restore and at the time I talked to them it was all literally in boxes with the frame at the body shop and the stripped body in my garage. Some of the companies just said "call me when its driveable," but Hagerty didn't skip a beat, just asked for some pics, basic info on the car and what I wanted to insure it for...I asked for $25,000. and they agreed without hesitation and the premium is $160. for a year and it'll be revisisted and adjusted when its once again back rolling.

Though, of course, 'pleasure' trips or daily driving wasn't an issue!

So for what its worth I was pleased with Hagerty. We'll see how it goes when I apply to re-up and increase coverage once its back together.

 

I've had Haggerty on all my cars. Couldn't be happier with them.