newbie8

Hi I'm hopefully going to be buying my first car soon and I've been looking at these 3rd Gen camaros for a while. I'm curious about insurance I've read a few post on here but none really answered my questions. I'm 19, have been driving for less than a year, didn't go to drivers ed,going to use it as a daily driver for school/work, it would be parked on my street,and I live in MA (so almost as bad as it gets). So I guess my question is if theres any antique auto insurance companies that wouldn't decline me. By the way looking mostly at late 80s iroc z's.
Sorry if this is the wrong section but I seen a few other posts in here about insurance, and im not sure where it belongs.

aramirez121

i would assume you do have a drivers license and i will say that the premiums will be high i know mine is even though its a 91 also it depends on what kind of coverage you are looking for

rusty vango

IF you can get coverage. it will cost way too much. and if you get into an accident ,even a minor one. they will just total your car and try to give you Kelly blue book value for it. which , by the way isn't much. probably less than what you would have to pay for a decent one.

kmcn47

yeah honestly just get liability from one of the major ins comanies. should run you abotu 3-400 every 6 months. atleast thats what mine was since i was 16 lol. and i had a slight accident once. no upping in $$$ i had geico, just liability though

newbie8

Alright thanks for the suggestions, and info I'm going to look more into regular insurance then. If anyone has any other suggestions or know of any antique insurance you think would accept me please let me know thanks

jharrison5

Honestly you are going to pay quite a bit just because of your age, and if you're a dude then they will just up it a little bit more for fun. When I was 19 (in '97) I had an '85 Iroc, no accidents or tickets, been driving for 4 years (school permit since i live in Nebraska), and paid $97/month for liability only through State Farm. Your rates will drop a lot at age 21, 25, and when you get married.

Now I'm 37 and insure a '93 Suburban (liability), an '87 Iroc (agreed value full coverage), home and life insurance for $105/month. So in the last 22 years I have added lines of insurance, but still pay basically the same amount each month.

Your best bet is to call agents in your area and get quotes for what you're looking for. Also if you're a student and get good grades then you might get a lower rate so ask what kind of discounts you are eligible for.

kmcn47

yeah, "collector" insurance seems to me like a waste with a thirdgen. i mean there are enough of them that you could easily replace it. and well no offense to anyone alot of nice cars on the board but. they just aren't worth much. hell my insurance company would have given me less than 1000 dollars if i totaled my car. just because it was an old camaro with only liability. but that being said i could have pretty easily gotten another in similar condition for around 1000 dollars lol where as instead of my pretty cheap insurance i'd be paying ALOT more for "collector" insurance just so that i'd get the maximum value for the car if something were to happen to it just my two cents

jharrison5

Ya since my iroc isnt a daily driver I have an agreed value policy for $6000 on it right now. Im limited to just a few miles a year on it, but it never really goes too far anyway. Think the policy is around $300/ 6 months.

Termn8r

Now I am sure all states differ, but in Texas you can NOT get full coverage on any vehicle over 15 years and I believe that is the case with most states. And liability sucks for sports cars.

With that said, I have full coverage antique insurance for $20,000 (if they mark it totaled I would get 20k). I pay $500/year. Now, the limitation is I can only drive it 3,000 miles per year, I could up that and the price goes up, but I only put about 800 miles per year on my IROC anyway. 3000 is their lowest offering.

Now, some antique insurance providers want to have it trailered etc, but the one I went through, while I had to do a bunch of stuff, lets me drive it as I said above.

To cover my butt I had an antique appraiser come to my house and appraise the car. I have a certified appraisal that shows all of my upgrades (he marked everything from Halos, to MSD 6AL, to specialty rims). This cost me about $120 and also covers the next 2 years in changes. I just tell him what I changed and he updates the appraisal and sends me a new one.

Next, required by the insurance provider, I had to take pictures of everything. Engine, doors, interior, trunk, even a pic showing it inside a garage (another requirement) I had to upload all the pics and wait for an "approval". Their statement is the car must be 85% complete (either restored or upkept). Before I had it painted they said it wasn't 85% even though everything else was complete and the paint wasn't bad.

So you can get full coverage.

rusty vango

I was gonna use "hagertys". and all was going well, until I told them that my daily driver was a 1968 dodge. then they tell me my DD had to be newer than 5 years old. "sorry, its our policy". so its your policy to turn down money? I asked. yep! my current ins co. told me that in the event of a accident .they would total my IROC if the damage was deemed to be more than $500 to fix. AND they would cut me a check for the Kelly blue book value for it.which, by the way is thousands less than I have in it.

OrangeBird

iTrader: (1)

In Massachusetts , our "Antique" car insurance policies are cheaper than "regular" passenger car insurance ......

BUT !

Of course there IS a catch . The limitations of the antique policy are many , and the mileage limit is strict enough to ensure you won't be daily driving it .

Look into the restrictions involved with an antique policy here and you'll quickly see where it just won't do for a daily driver .

PS , insurance companies have no qualms about denying payout in a claim if they even suspect you were operation outside of the restrictions of your insurance (or license for that matter , seen the "junior operator rules" lately ?)

zee28

Based on our insurance and having a new driver in our house My guess would be around 1000-1500.00 a year

Base91

iTrader: (1)

The age thing is a killer. In my early twenties I tried to get minimal insurance on my '67 Firebird, LHD, 455 HO, in central London, no off street parking and several moving violations. I had quotes as high as $5k to $6k per year. Eventually had to pay about $1k per year and that was over 30 years ago. Sadly it will suck until you get older. You'll get cheaper insurance but then lots of other things will suck even more. Pay the money and have a blast. And make your hoodlum friends pony up some gas money!

ndz

Just added my second Camaro to the garage and pay the following:
ND collector plates $60 one time fee
Haggerty Insurance 170 per year on the 87 iroc - value 9000
Haggerty Insurance 198 per year on the 70 z28 - value 20000

Cant go wrong with the collector insurance. The cars go up in value faster than any ownership costs do.

Blue_Thunder

iTrader: (1)

Thanks to living in Michigan, even with classic car insurance its still high. I use Classic Underwriters. Former employees of Grundy started their own company.

padak

iTrader: (10)

You can't get it on a daily driver, mileage requirements. Even IF you could afford it, it wouldn't cover you once they found out you drove it daily by checking millage.

Like others suggested, your best bet is liability whith a major company. Shop around.

Tibo

iTrader: (15)

What provider is this?

Termn8r

I went through Al Boenker. They picked the insurance company and I had to send the pics to them and they in turn got it approved. I have been dealing with Debra for over 5 years there. Her direct number is 817.306.2579.

I am not a big insurance fan, but the one thing that has kept me at Al Boenker is they call me every 6 months to a year and find a way to lower my insurance. Don't know of any other provider that calls you to lower. I know when I had progressive it was the other way around.

86WS6

iTrader: (1)

The major obstacle for obtaining antique or classic car insurance on one of these cars is that the underwriter will require you to prove that you own and drive another car as your DD. I have an all original 1982 WS7 TA with 24K actual miles on it, and an all original 1986 WS6 TA with 30K actual miles on it. I have Hagerty with an agreed value of 12K on each car. There is a mileage limit also, but I don't remember what it is. It does not matter, because these two cars see about 150 to 200 miles per year. We mostly tow the cars to events in an enclosed car trailer behind an F-350 with big camper on it. We do drive the cars at events which is allowable. I had to provide proof of ownership and insurance on our DD's which are a 2007 Crown Vic, a 2008 Crown Vic, and a 2008 F-150 Supercrew FX4. They want to make sure that one has suitable late model DD's so that the classics are not being used as DD's. If you are going to purchase a higher mileage IROC or Z, your best bet at your age will be to take the advise that others have offered. Get liability and hope for the best. With full coverage and regular insurance, they will total your car for a fender bender, and pay you Kelly Blue Book wholesale. Kelly Blue Book is a guide for car dealers and insurance companies to use to low ball customers into thinking that their car is worthless. NADA is more realistic regarding prices, however the industry only uses NADA when it benefits them, not you. Sorry, not trying to pee in your corn flakes... Good Luck! Charles

zz3irocz

To everyone worried about mileage limits, you could just unplug your speedometer for a while........

zz3irocz

I have full coverage through Progessive for $30 a month on my 86 Iroc, I'm 29 and have never gotten a ticket.

GASPEDDLER

iTrader: (2)

Comp, collision, towing and a $16,000 agreed upon value in case of total loss. I pay $220 per year through Grundy. Got to have proof of later model daily drivers, no drivers under 25 allowed, has to be garaged, no driving it to work, school or running errands with the car either. There is also a limit of 5000 max miles per year. Very pleased as I don't plan on driving the car much except to shows and an occational cruise with the wife.

Tibo

iTrader: (15)

Stock ecm uses speed for numerous operations, unplug it and you may notice several things have changed. Not to mention what your proposing is probably a grey legal area. Antique insurance is not able to be applied to a daily driven car, only a secondary and most people like myself who have it as a second car honestly don't drive it more than two oil changes per year. In the last two years I have only put 2500 miles on it and only change the oil so it's not sitting in used oil for a longer duration.

RubberDucky

iTrader: (4)

That's only so if you have a electronic speedo. So us Camaro guys with 89s and older no worries! LOL

zz3irocz

I hope the OP didn't actually get an Iroc because it sounds like is just going to ruin it, winter driving in Massachusetts will turn a nice car into a rust bucket pretty quick.

AmorgetRS

iTrader: (6)

That isn't true. There is a VSS box on the back of the speedometer that sends the signal to the ECM.

dmccain

iTrader: (2)

This is what I have. 10k insurance runs me around $185 yr and that is very reasonable. I put under 1k mi on my car last yr.