gatorcola

I received two quotes today:

American Collectors Insurance - agreed value $14,000; 2,500 mi/yr; 500k liability limit: quote $377/yr

Classic Auto Insurance - agreed value $12,000; 3,000 mi/yr; 500k liability limit; quote $284/yr

Neither company is "rated" but this may not be an issue because of the small market these type companies have.

Does anyone have any experience with either of the two or know if they are legit?

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1988 IROC-Z 5.0 tpi 5 spd

okfoz

Hagerty is one of the biggest in the country from my understanding... http://www.hagerty.com/

Your car does have to be so old typically, I want to think 20 or 25 years. And I know that Hagerty is underwritten by another company, I know it was CNA, which is now Encompass.

Since I live in Michigan I have normal Car insurance on my cars, I DO have an appraisal WITH my insurance company, one is $25K and the other is $15K. BUT in the winter time I take all of the insurance off except Comprehensive (Fire theft, glass breakage etc) Basically it covers the car if someone stole the car, the car catches on fire, someone breaks into my barn and damages it etc. Typically it runs me about $100 a year for Comp, depending on the car.

In the Summer time (I know its always summer in FL) I put full coverage on the car and I can drive wherever I want, whenever I want and do whatever I please with the car. On my Insurance forms they call it "Pleasure" I always figured if something happened at work (which probably technically I should not drive it to work but I do on rare occasion) I could say that I was going to have some work done on it, or I was going to work on it where I work as I do have some tools here that I do not have at home.

Full coverage is about $700 per car, but I only have that on it 6 months a year...

By the time I pay my insurance I end up paying about $350 to $400 per year per car. It works out really well if I never take a car out of storage... Like my poor old 67 Buick Riviera...

JOhn

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John
okfoz[awk-foz]
LAW OF LOGICAL ARGUMENT: Anything is possible if you don't know what you are talking about.

G O D BLESS AMERICA
http://www.3rdgenformula.com

87 Formula 5.1 TPI Auto T-tops 3.73 Modified (Yellow/Black)
89 FORMULA 350 CONVERTIBLE 3.27 All original (Red/Gray).
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For Sale (to a good home & right price) 87 Formula LB9/M5 3.45 T-tops Stock (Yellow/Gray) 150K Solid Body - Florida Car

IROCZTWENTYGR8

I'm on Grundy for $15,000 and $243 a year.

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1987 CHEVROLET CAMARO IROC-Z28
-Red with Grey Custom Cloth, 1SC Interior Option Level 3, and T-Tops.
-350ci TPI 5.7 Liter L98, (225HP/330TQ stock) 700-R4, Discs, 9-Bolt Posi with 3.27's, all G92 performance options included with RPO B2L in 87. Shipping weight: 3,461lbs.
-Mods: TPiS airfoil, K&N filters, custom PROM with 160* stat, cut airbox, ACDelco RF spark plugs, MSD 8.5mm wires, MSD coil, TB coolant reroute, CarSound-MagnaFlow high-flow converter, 3" exhaust with Flowmaster 80 Series and stainless angle cut tips, 2,200RPM TC, Spohn SFC's, BFG g-Force T/A KDW's and Nitto DR's, 460 watt sound system with bass tube, otherwise, factory.
-The exact car I searched 4 1/2 years for! It still has original Van Nuys paint, all documentation, and 75,000 miles.
-G-Tech 0-60: 6.06sec with spin.


1989 CHEVROLET CAMARO RS
-Red with Grey Deluxe Leather Interior and T-Tops.
-173ci 2.8 Liter MPFI LB8, 700-R4, 10-Bolt with 3.42's.
-Mods: K&N's and AR rims.
-The daily driver with 139,000 miles!

a mack6

Correct me if I'm wrong but all household drivers usually have to be older than 25 right? I'm 19 and I could probably benefit from collectors insurance but I seriously doubt anyone would insure me....

Iroctopless

Okfoz, what you do is word for word what I do as well. I thought I wrote it and forgot!!!!
I find what we do seems to be the best all around scenario. I parked for at least 6 months of the year too, and taking it all into account, the cost and coverage is pretty reasonable.

xflgkingpin

yes, you have to be older than 25, I tried -18.and they said no one under 25 is insured with them.

super_kev

With Hagerty it doesn't matter; as long as you have a daily driver you're good to go.

xflgkingpin

car must be older than an 86.

gatorcola

Not really, sometimes it drops all the way down into the 50's. But I suck it up and drive her all 12 months.

The two I listed: American Collectors Insurance and Classic Auto Insurance were the only two with which my '88 qualified. Anyone have experience or know of either company?

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1988 IROC-Z 5.0 tpi 5 spd

Dens71TA

I have an agreed value collector car policy through State Farm on my '71 Trans Am. For $10,000 coverage its runs right around $100 a year. This is with a clean driving record.

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1971 Trans Am - 455 HO - Cameo white/blue stripe
1973 Trans Am - 455 - Buccaneer red
1982 Trans Am - 000 - Bright red
1984 Trans Am - 305 - Silver(parts car)
1984 Trans Am - 305 - Royal blue

luvofjah

I went with Grudny collector car insurance...

I have a weird situation... I'm legally blind and have no license... so I applied with my Father (which they asked me to do) and gave me coverage...

First year, $167 for $10,000 agreed upon value.

Next year, I upped the value to $25,000 (added Knight Rider Dash, interior sound deadening, car stereo, alarm, electronics, ProCharger, etc...
$375 or so...

They do have rules...
No age limit on cars, though I did speak to a person, and the older cars get an even better rate than 81 and newer (seems odd to me)...
Licensed drivers must be 25 or older.
Must not be main vehicle.
Must not be backup vehicle.
Must be garage kept.
Unlimited Mileage.

Before Grundy, Allstate told me to re title MY car in my father's name, wanted $1500 for a year & would only value it as a 91 Firebird, not a Knight Rider replica...

Rafael

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TTA850

I have my TTA's with Grundy also, seems like a good company. Costs me around $1K/year with realistic agreed values

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1989 GTA 10.5 second 3.8L SFI Turbo Featured in May '07 GMHTP | 1989 TTA #124 Cloth/T-Top Festival Car #96 | 1989 TTA #850 Leather/T-Top Featured in Dec '05 GMHTP | 1989 TTA #861 Leather/T-Top 11.99@112.95 Stock (SOLD) | 1989 TTA #884 Cloth/Hardtop | 1989 TTA #1461 Leather/Hardtop (SOLD) | 1996 Impala SS Original Owner 25K miles | 2000 E55 AMG 13.25@107 Stock 3900lbs 4 door sedan | 2005 ML500 Special Edition | www.fquick.com/TTA850

scottmoyer

I, too, have Grundy with $15k coverage at $243/year. I will be increasing it's value at the next renewal. Because of the Barrett-Jackson and other collector auctions, they contacted me and suggested that I increase the value due to the mileage on my car.

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87 IROC 350 ** 14k miles All Original **
03 Monte Carlo SS Pace Car Special Edition #1177

goomaan

I just checked with Grundy.com and they quoted me $206 for the year with an agreed value of $12000.

amazing, I was paying $1400 a year with Allstate.

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Aaron91RS

Grundy here is what I am moving my 80TA too and what the 69SS is on.
They are cheap!

xflgkingpin

allstate??? you should have went with geico.

scottmoyer

86WS6

I have a stated value policy with State Farm. We get the multi car, "pleasure use", good driving record, and old people discounts. Since I have another car that is assigned as my daily driver, they don't care if I drive the car to work, as long as we don't excede 2500 miles a year. The one thing that we all need to watch, is that even with a stated/agreed value policy, in the event of a total loss, the insurance company will have an independent apprasial of the car's value at the time of loss, and pay the apprased value, not the stated value amount. The laws may vary from state to state. The State Farm underwriter called my agent, and made sure that I understood how it works when we bought the policy.

AZ406TPI

i just got a qoute from hagarty, $15k value, $431/year. im gonna call grundey some time this week and see what they say

Aaron91RS

wohoo just got my card from grundy for the 80TA.
$170 a year!

Time to call american family and tell them to suck it!

FrankieRider2

Both GTAs are on Grundy Worldwide.... $15K replacement coverage and all the other stuff listed above. I pay about $280 per year for each car.

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Frankie Rider, 2
The GTA Source Page
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Timothayyy

Im 18, have State Farm and pay..... 850$ for 6months, with discount for airbags, safe driver discount [no tickets of accidents], and one for my parents never having any accidents either.

So 145ish a month, dont think I got it that bad.

But id happily take the 1400$ a year, lol

luvofjah

The main difference (I think) is that car is your daily driver, or main mode of transportation.... That's why the collector car insurance is a lot less... It's meant to cover your hobby car, not daily driver.

But I guess if you're loaded & don't work much, and have at least one other car, you could drive it every day with no miles restriction via Grundy's...

Rafael

Mongoose

My Formula is with American Hobbyist (Collectors)-$20,000 agreed value,3K mi/yr,no liability in NC, $0 deductible for $280/yr. NC's insurance rules didn't allow collector insurance companies to sell liability insurance when I bought my coverage but I've heard this may have changed. My liabilty is with State Farm whose stated value policy didn't impress me at all.

scottmoyer

One thing to know about Grundy is that your daily driver also needs to be newer than the collector car. For most of us that isn't an issue, but for the guy with a 92 collector car and an 88 Cavalier as their daily driver will not get insured thru Grundy. Also note that Grundy has no mileage limitation like the other companies.

Chris51173