Need Recomendation for Insurance Carrier

[stevegintn]

OK, guys - as I had started to finally drive her a little, I had my State Farm agent write me a basic policy a couple months ago for my '62.

Unfortunately, the rate was IMO too high ($367 for 6 months). That's actually more than I pay them for my daily-driver Ford truck.

My agent's explanation was the usual insurance double-speak. But he did say, if I got my car registered as an 'antique', it would go "way down."


So I did. But after he came out to re-inspect it, with photos and write-up to send to the state office in Nashville, he called me yesterday to say that they WOULD NOT WRITE THE POLICY, TIL IT WAS 'COMPLETELY RESTORED' (meaning, all the paint and body work done).


My current policy expires Dec 1, and I'm not likely to have all the 'beauty work' done by then.

Can somebody recommend a reliable insurance carrier? (I believe I saw where Hagerty does - anybody else?)

[Joe Johnston]

Just went through getting different insurance for my Thunderbirds a few months ago. Taylor, Haggerty, Grundy and several others will be found with a Google search and you can get an online quote. I changed to Haggerty (not the cheapest for me) because they had an agent close by (who also wanted to get me in the door and quote everything else too). Having a local agent was a plus for me. Read the fine print and make sure their exceptions meet your needs as for the amount of driving, type of registration, and secure overnight inside storage.

[abaucom]

I had State Farm classic car insurance for the last 3 years, replacement value insurance based on an independent appraisal. State Farm had very low rates as well. Called my agent last week to raise the value because of additional work on the auto plus considering inflation. I was told I was grandfathered in with my previous replacement value coverage, but if I increased the value they no longer offered replacement value based on a new appraisal. So I called Hagerty and bumped up the replacement value considerably. A new appraisal not required, just had to send them one picture of the car, and now I feel fully protected. Yes the rates are high but worth it to me to have peace of mind. As I understand it they can help locate parts if the car is damaged. I might shop around for better rates later but for me it is more about the coverage and no haggle in the future regarding value if I suffer a total loss.

[KMcoldcars]

I have my 1962 T-bird and 3 Corvettes insured with the National Corvette Museum. I do not believe you need a Corvette to get insurance.
877-678-7626 or ncminsurance.com

[Cliff Rankin]

I have Grundy on my 63 and 64. My cars are what I call
Drivers. Both convertibles covered at 20 each. Witch is
What I thought was reasonable and they had no issues
With that. I have USAA for home and my 3 regular cars.
My rates are also reasonable but I'm no kid anymore!

[stevegintn]

I have Grundy on my 63 and 64. My cars are what I call
Drivers. Both convertibles covered at 20 each. Witch is
What I thought was reasonable and they had no issues
With that. I have USAA for home and my 3 regular cars.
My rates are also reasonable but I'm no kid anymore!

Cliff, if you don't mind my asking, what is your premium, per vehicle? (mine with State Farm is $700/year for a $12k replacement value!)

[redstangbob]

Cliff, if you don't mind my asking, what is your premium, per vehicle? (mine with State Farm is $700/year for a $12k replacement value!)

WOW I have Grundy with an agreed value of $14000, I pay $253 a year, and Michigan has some of the highest auto insurance rates in the country. good luck, Bob C

[VTTBird]

I have Hagerty for my 1962 hardtop. Agreed value of $20k. My annual premium is $183 plus $35 for the Hagerty Plus package for a total of $218/year.
I've had small claims on other vintage cars I've owned and never had a problem.

Ken

[mcgsxr]

I use Hagerty for my '69.

18K agreed upon value, limited KM's per year (I recall under 5000, I never drive it more than 2000) and I pay $275 CDN.

[stevegintn]

Thanks, Guys! - looks like Hagerty will be the Go-To? (if my State Farm blows me off)

[jrfjr]

I've been with Hagerty since 2002, and they've always been fine with me driving and enjoying my car - as long as the classic car wasn't my commuting vehicle, and my 'appliance' car was insured through a conventional insurance company.

A couple of months ago, my TR4A was stolen. The claim process was about as good as something like that could be. It took about 6 weeks to process the claim and issue the check (probably a week of that was due to my delay). From my experiences, I would recommend Hagerty to anyone needing classic car insurance. GL, and YMMV! Jim

[stevegintn]

I've been with Hagerty since 2002, and they've always been fine with me driving and enjoying my car - as long as the classic car wasn't my commuting vehicle, and my 'appliance' car was insured through a conventional insurance company.

A couple of months ago, my TR4A was stolen. The claim process was about as good as something like that could be. It took about 6 weeks to process the claim and issue the check (probably a week of that was due to my delay). From my experiences, I would recommend Hagerty to anyone needing classic car insurance. GL, and YMMV! Jim

Thanks, Jim! - and sorry about your TR4A - it's hard to imagine, a classic car could stay hidden for too long?

[GeoffInCarlsbad]

Hagerty family here....

[krave]

I use AAA

[63flip]

I have all 3 of my Birds insured with American Modern. They're Geico's collector car division. All 3 have agreed value coverage. My premium every 6 mo. Is just over $300. I have my 63' conv. insured for $36,000, my 02' for $17,000, and my 63" Principality of Monaco (under restoration) for $6,000. I had to submit pics of all 3 cars. They wanted shots of all 4 sides, interior, and engine compartment. The policy allows me to drive the cars for recreation, shows, and club events. Basically as long as they're not used as daily drivers.
I've had 2 claims with them and both experiences were positive. The customer service was top notch and both claims were handled. One was a total loss on a '63 conv. and the second was for a windshield in my new 63" conv.