Vintage Auto Insurance

dsrtjeeper · Post by **dsrtjeeper** » May 9, 2011, 1:05 pm

Most classic car insurances I have found require that I have a seperate vehicle for my daily driver. I'm disabled so I only go out maybe 2-3 times a week if that. The '66 is my DD and I want to get it's value if it's in a collision. Anyone found a classic car insurance that doesn't require you to have another daily driver?

Hookedtrout · Post by **Hookedtrout** » May 9, 2011, 1:13 pm

I use Haggarty and I don't think they have mileage restrictions but they may require that it isn't your Daily Driver? I have so many vehicles I haven't had that issue but I did check the mileage and there wasn't a specified restriction.

dsrtjeeper · Post by **dsrtjeeper** » May 9, 2011, 2:23 pm

Hookedtrout wrote:I use Haggarty and I don't think they have mileage restrictions but they may require that it isn't your Daily Driver? I have so many vehicles I haven't had that issue but I did check the mileage and there wasn't a specified restriction.

Haggerty was the first one I checked. They require me to have another vehicle. I just hate to get hit and get nothing for my truck. Especially after all the money and time that has been put into it.

mercman64 · Post by **mercman64** » May 9, 2011, 2:31 pm

I just insured my 62 uni w/ JC Taylor....they require a personal vehicle and have milage restrictions...but my premium is like $201.00 a year...

dsrtjeeper · Post by **dsrtjeeper** » May 9, 2011, 2:42 pm

mercman64 wrote:I just insured my 62 uni w/ JC Taylor....they require a personal vehicle and have milage restrictions...but my premium is like $201.00 a year...

JC Taylor has great rates but like you said; they require a personal vehicle. I cross my fingers each day that I drive my slick that nothing will happen.

oldtrucks · Post by **oldtrucks** » May 9, 2011, 4:59 pm

We have our 62 insured with State Farm and have no restrictions. I have liability only but we have discussed agreed value comprehensive and I don't remember there being any restrictions on milage or type of use, The rates are good too. No more expensive than any other vehicle we have insured through them which is every thing we own including the house. They love us and the Agency owner and her husband are very good friends too. That may or may not have anything to do with coverage but I doubt it.
The thing I like about their coverage is that we can stop and start coverage on any vehicle any time. For example; the "Blazer" our plow truck. We call them and tell them we are done using it for the season and they suspend the policy and no payments are due until we tell them we are going to use it again, it then gets activated and payments start again until we are done again for the year. That goes for any vehicle we own.

Bill W · Post by **Bill W** » May 10, 2011, 10:55 am

I have State Farm also.... restricted to 1000 miles a year, my cost is under 100 bucks a year for the 65.
you do need an appraisal though.

ICEMAN6166 · Post by **ICEMAN6166** » May 10, 2011, 11:55 am

the whole thing is a scam as far as i am concerned.

you can go buy a new car/truck, buy full coverage and no mileage restrictions and as long as you pay the premium you get the benefit.

there should be no reason you cannot do this with any vehicle.

i do not have high $ show trucks so i pay for only the minimum required by state law. i would rather drive when and where i want than be restricted and/ or pay high premiums.

Hookedtrout · Post by **Hookedtrout** » May 10, 2011, 12:40 pm

ICEMAN6166 wrote:the whole thing is a scam as far as i am concerned.

you can go buy a new car/truck, buy full coverage and no mileage restrictions and as long as you pay the premium you get the benefit.

there should be no reason you cannot do this with any vehicle.

i do not have high $ show trucks so i pay for only the minimum required by state law. i would rather drive when and where i want than be restricted and/ or pay high premiums.

Is there any insurance at all that isn't a scam? Take take take give nothing in return if at all possible is the insurance motto.

BigMike · Post by **BigMike** » May 10, 2011, 12:54 pm

I have mine with my other vehicles which is Travelers. They have it listed as a pleasure vehicle but no mileage restrictions. I only have liability and comprehensive. I gave them a value of $10k and they didn't blink. I believe I would have a hard time finding a 98% rust free '65 F250 for under that. Plus the work I've done to it since buying it I'd say that is about right.

When I fully restore it, I will up the value.

When I insured my Harley with Progressive, they asked the value of "extras". I told them $14k which I have documented with receipts and a spreadsheet. They sent out an appraiser who took pictures and approved it but the max they will go on any bike is $11k for extras over and above the value of the bike. The extras are replacement cost.

ICEMAN6166 · Post by **ICEMAN6166** » May 10, 2011, 2:14 pm

Hookedtrout wrote:
ICEMAN6166 wrote:the whole thing is a scam as far as i am concerned.

you can go buy a new car/truck, buy full coverage and no mileage restrictions and as long as you pay the premium you get the benefit.

there should be no reason you cannot do this with any vehicle.

i do not have high $ show trucks so i pay for only the minimum required by state law. i would rather drive when and where i want than be restricted and/ or pay high premiums.
Is there any insurance at all that isn't a scam? Take take take give nothing in return if at all possible is the insurance motto.

i have always thought if you had no claim over the year you should get back 75% of what you paid instead of it going to give some pinhead CEO millions. i understand there is some $ needed to run the business but really it should be a non-profit not a money sucking leech.

LM14 · Post by **LM14** » May 10, 2011, 2:50 pm

I use State Farm and have no restrictions. I don't have collision but can add it if wanted. Like others, I have everything we own insured thru them. I have talked about agreed price once I'm done and they have no problem with it if it's somewhere close to appraised value. Can't insure a turd for $15,000 unless the appraiser says it's a $14,500 turd,then you are in the neighborhood.

We had a really bad hail storm a couple years ago and had $35,000 in damages. No problem anywhere. Cars, house, garage, enclosed racecar trailer or anything else. They literally wrote checks within days and nearly 1/2 of the town had State Farm insurance. They actually set up shop in town with appraisers and were at your house in days with checks literally hours behind appraisals. Some of our house work was higher than appraised (by $6000) and they wrote the check without complaint to make up the difference. Contractor found more damage, they covered it without a return visit.

SPark

66fordtrucknut · Post by **66fordtrucknut** » May 10, 2011, 9:28 pm

I have Allstate special vehicle ins. for my old trucks, 75 per 6 months, don't remember if there was a restriction, been years. Don't think so.
Charlie

DV65CustomCab · Post by **DV65CustomCab** » May 11, 2011, 9:39 pm

ICEMAN6166 wrote: i have always thought if you had no claim over the year you should get back 75% of what you paid instead of it going to give some pinhead CEO millions. i understand there is some $ needed to run the business but really it should be a non-profit not a money sucking leech.

If only you could walk in my shoes...
On auto insurance policies, for every dollar they take in usually something in the 90 cents region winds up being paid out. The average last I heard is a person will have a claim every 7 years. Granted, that's the average, so for my no-claims for nearly 20 years there's a "frequent flyer" who has multiple claims over the same period. Auto insurance is a highly competitive business and while it is profitable, that generally isn't where most insurance companies wind up with the biggest profits. Ever notice most of them are also selling home, life, etc and "financial services"?

Cars are vastly more complex, time consuming to fix, expensive parts and costly to replace compared to just 20 years ago. If you saw how many checks I write in a month, and the dollars I 'spend', you would begin to understand why insurance costs so darn much. Add in fraud and people who claim every little stone chip and you've got a massive cash outflow. The reason collector vehicle policies can be so low is because the vehicles are not on the road frequently, and rarely unattended when they are out of the garage. Claims frequency on them is extremely low, so less risk = lower premium.

It's easy to hate the Evil Insurance Company and it's greedy CEO's. Heck, I did before I was in the business. But if someone could sell car insurance for half as much as everyone else and be profitable, they would!

Hookedtrout · Post by **Hookedtrout** » May 11, 2011, 9:46 pm

ICEMAN6166 wrote:
Hookedtrout wrote:
ICEMAN6166 wrote:the whole thing is a scam as far as i am concerned.

you can go buy a new car/truck, buy full coverage and no mileage restrictions and as long as you pay the premium you get the benefit.

there should be no reason you cannot do this with any vehicle.

i do not have high $ show trucks so i pay for only the minimum required by state law. i would rather drive when and where i want than be restricted and/ or pay high premiums.
Is there any insurance at all that isn't a scam? Take take take give nothing in return if at all possible is the insurance motto.
i have always thought if you had no claim over the year you should get back 75% of what you paid instead of it going to give some pinhead CEO millions. i understand there is some $ needed to run the business but really it should be a non-profit not a money sucking leech.

I'd have no problem with insurance if they would pay out no questions asked if you were in good standing, not filing multiple claims or getting tickets for bad driving behavior etc and they would just pay out and pat you on the back and say thanks for paying in all these 40 years, it's about time you got a little back. But no, they go right to work figuring out what loop hole they can get out of paying you or make you feel like it's going to raise your rates if you file the claim so you'd be better off just paying for it out of pocket etc etc. No I repeat No real respect and appreciation for all the time you pay without taking it's as if you owe them, they deserve it. I'll hate the insurance companies until the day I die and I've never had any real major issues or claims it's just the concept, I agree that your rates should go down and down and down as long as you don't have tickets or claims and at 60 years old they should start paying you back, like a reverse mortgage.

Be nice to have a healthy enough bank account to claim self insured an tell them to shove it.

Sorry off my soapbox.

Gritsngumbo · Post by **Gritsngumbo** » May 11, 2011, 9:48 pm

I have Hagarty and have been very pleased with their prices and their service. I though it was interesting when I was applying that they were much more interested (and required much more documentation) on my daily driver(s) and to ensure that each licensed driver in the household had an "otherwise insured" vehicle to drive on a daily basis. Classic and Vintage insurance is NOT designed or intended for daily drivers. You'll need to get a regular automobile policy for that.