Slowridr

iTrader: (1)

I have searched but I cant find the discussion I saw months ago on insurance for older cars. I dont drive my car much. It probably would see the most driving during show and cruise season and I want to know of a reasonable approach to getting insurance for our vehicles.

I am in the Atlanta area and insurance down here is damn rediculous. I moved from Charlotte, NC and the insurance is almost 3 times more expensive (comparing similar policies) here.

I dont drive this car enough to warrant paying that!

Any suggestions?

wildjyoung

iTrader: (6)

I have had great luck with Hagerty Insurance. Right now my car is fully insured for $17,000 replacement value with no deductibles and I am paying less than $700 per year. Their insurance covers everything too!!!

campin1983

iTrader: (4)

My vert is insured through Progressive. Since the camaro is my second car, its only $10 a month for state minimum, $35 a month for full coverage. Usually your best deal comes when your insuring multiple cars or multiple items (car/car, car/house, car/car/house) with any insurance.

For instance, I think insurance for my camaro is probably double what I stated, but the multi-car discount on both only adds to my total bill by $10-35 a month.

spade

iTrader: (3)

search for grundy

Gumby

With Progressive you can add and remove a car any time you want online.

So you only pay for the days your driving it.

I do it all the time.

my82roc

iTrader: (101)

I use grundy for my 2 Irocs.I have 5000 declared value on my 86 and 10000 on my 89 vert.Cost is 240 dollars a year total for both cars

///DAN///

iTrader: (1)

I have grundy as well 5000 value on my 84 z28 100 bucks a year no limits on driving or anything just can't be your only car.

GeeJenn91RSV8

I'm curious about grundy. How do you reach a value? Do you like send them pictures of your car and verify that you have other daily drivers?

Slowridr

iTrader: (1)

Im all over Grundy, they were closed for the day but I applied online and will be callin to confirm in the morning!

Thanks for the heads up.

Dante93GTZ

iTrader: (5)

Grundy user here, $100 a year! There are some requirements, it must be stored in a garage, can't be driven by anyone under 25, etc.

But, Grundy has no yearly mileage limits. I don't drive mine much, but its nice to know that I won't be penalized if I do.

I listed my car at $5k value and all I had to send were like 3-4 pics of the car. I am sure that if you wanted like $15k on a thirdgen you'd need an appraisal, but between $1k-$10k is probably safe.

GeeJenn91RSV8

Can you tell me exactly what that covers?

Paigesdad

I have my car with Grundy with a declared value of $15K, No appraisal required, just a few pictures. In addition to the requirements and restrictions already mentioned, you also cannot use the car as you would a daily driver (ie drive it to work or shopping at the mall).

The application asked for an insured value, I requested $15k and it was accepted. It was that easy.

$253 a year for mine.

oscarsrs

this is very interesting...does the car have to be mint or late 80's and older , i have a 91 thats why am asking. thanks

yo soy el warg

I also checked with Grundy today and found that their rates were much less than Allstate. I'm currently with Allstate at this time. I was quoted just $33.00 for $300,000 on liability for all three cars I wanted to cover. The comprehensive/collision was quoted at $14.00 per thousand in agreed value. That seems to be about the same that Paigesdad pays for his $15K value and the $43.00 liability cost. What was interesting was that I could insure multiple cars and only get charged the $33.00 liability cost once. It only makes sense, since you can only drive one at a time. Yet, Allstate charges the liability on every vehicle you insure.

scottmoyer

I've had grundy for 10 years now. My 87 is insured at $20k. They increase it automatically on an annual basis based on the auction results of low mile originals. In 2 years, the cost wil drop 50% because the car will be 25 years old. There is no age limit on the car. My dad bought a limited edition 2002 Z28 (1 of 17) and had it insured in 2002 with Grundy. They have been good to work with and the owner of Grundy wants us to drive and enjoy the cars.

Paigesdad

There is no model year limitation.

yo soy el warg

Based on scottmoyer's car valued at $20K with 15K miles all original, and Paigesdad's car at $15K with 16,xxx miles. I think I valued my 1988 Iroc Convertible with G92 correctly at $15K with 17,300 miles or should I increase it. It is all original, right down to the tires,not even one rock chip and never driven in the rain.

Fyrstorm

iTrader: (1)

I just switched insurance companies for my 2 Daily Drivers and tried to add my TransAm. Mentioned the motor had been changed and got the response "I'm not sure we can insure that, we'd need an appraisal" - so I got one. $175 dollars later, appraisal in hand I went back. "We can't insure your car for that, we go online and see what they are going for with similar equipment, condition blah blah blah"

Needless to say I was pissed. Hell the car was only appraised for $4500 and by a reputable guy that is part of the appraisal group (name slips my mind) so it wasn't just some guy posing.

Anyway, looks like I am going to have to go the Silverwheel style insurance which sucks cause I liked to drive it once in a while for work on easy days where it would just be a fly-by instead of stopping and inspecting.

(Really trying to bite my tongue on the rates in Ontario cause we've been there before hehe! I can only DREAM about 200-300 a year regular sort of insurance. More like 600-800 for me.)

Good luck finding one, hope yours goes smoothly.

scottmoyer

Depends on what you're willing to pay. Look at eBay and see what low mile cars are listing at. I won't say to look at what they're selling for, because a lot aren't selling at the asking price. However, when one guy sees a low mile car for top dollar, he tries to sell his at top dollar. Next thing you know, they are all listed for top dollar and you can't replace them for less. I would think the convertible and being low miles will bring a premium. I'd increase the value if you're willing to pay the premium. Grundy will cover it.

Paigesdad

Is that even possible with a 3rd gen? I have yet to see one without a nick here and there just from being driven.

Sickness91Z28

iTrader: (1)

I went with american collectors insurance. I have 2 cars insured through them.

My 91 Z28 is insured for $30,000, I'm allowed 2500 miles a year
And my 1999 30th Anniversary Trans Am is insured for $20,000 and I'm allowed 6000 miles a year.

I pay $700.00 a year with a total of $50,000 in coverage. not bad at all.

Gumby

Just make sure and check if you live in a state that requires Isn, collectors car Ins may not be enough to pass the state min and you could find yourself in a heep of trouble. As its usually only for your car, its not gonna pay for someone elses car or medical bills.

89ROC-Z

iTrader: (7)

Being that i'm under 25 does that mean that if i drive my uncles 38 (which is insured through grundy) and i total it he won't be covered and i'd have to eat the cost?

yo soy el warg

You got me curious now. I got out my reading glasses and a magnifying glass and started looking over the entire car. I started in the most obvious place to find rock chips the front ground effect and found 2 on the bottom of it. They were the size of the tip of a ball point pin. Next I looked in the front and rear areas of each wheel well's GFX. I found 1 on the right front wheel well's GFX the size was about the same as the 2 that I found on the front GFX. The final 1 that I found was on the top edge of the hood about the same size as the others. I stand corrected there are 4 rock chips the size of the tip of a ball point pin. Now I have to get a bottle of touch up paint! I've been very lucky with this 1988 convertible as far as rock chips. My other 1989 convertible hasn't done as well there are too many to even start counting even though I'm very careful with it. These are mostly behind each tire. I also checked my other cars a 1985,1988, and 1992 which are all ding free, but I did find too many small rock chips on each of these to even start counting.

grassyflats

I can hardly believe this

I can have three vehicles insured liability + collision/comprehensive
for $385 per year! and actually know what they will pay me before-hand

that is way less than half price compared to what they charge me now for liability only

I guess I will clean out the garage so I can park a car in there

Is there anything else I need to know like
does Grundy require pictures of the garage/car in garage?
do they have an agent come over to my house to do an inspection?
and will they inspect the doghouse for mods?
-if it is stealth how can they know?


I am grateful for this thread

grassyflats

Does the liability Grundy sells cover state minimum liability requirements?

yo soy el warg

Just go on line and pull up Grundy. You can get a complete quote.

89ROC-Z

iTrader: (7)

anyone?

grassyflats

I have the quote
-the confirmation email seems to say the liability does meet state requirements
-I am just looking to you guys to point me to anymore fine print I didnt read

89RocZ apparently you should wait til yer 25

Slowridr

iTrader: (1)

Sounds to good to be true doesnt it.

Ive got the quote too. Ill be calling to talk in person on Monday 1st thing.

Gumby

Best to double check I just know several folks who got classic insurance for the stated value but also have regular car insurance too.

yo soy el warg

I just got my official quote back from Grundy Insurance. My 1985,1988,and 1989 were listed at the same rate per hundred dollars of agreed value for liability coverage. After what scottmoyer said about the rate dropping by 50% at 25 years of age I thought my 1985 would be half as much as the two other cars I planned to insure. Well, I found out that Camaros that are made after 1984 will not drop by 50% as some other makes do. They said Camaros made after 1984 are in a "sports car" category and they currently are at the rate of $1.40 per hundred dollars of agreed value unless you go over $25,000 in agreed value, then it goes down. Other makes of cars drop to $.065 per hundred dollars of agreed if they were made after 1945 but are 25 years or older. I wonder why a Camaro's rates wouldn't drop?

grassyflats

I see whats going on ...Scott...can you verify Yo?

scottmoyer

I tried calling Grundy and it was too late. They were closed. I went to their website and requested a quote. I put in the information for an 82 Camaro and got a quote for $148.22 at $17500 replacement cost. If their online system gives a quote, they have to stand by the quote. I have always been told that the discounted price will come in when the car is 25. I even asked what the rate would be if the state recognizes the car as a collector vehicle. They said 25 years is the cutoff. Here's the quote I received.

Vehicle Information
1982 Chevrolet Camaro
VIN:
Coverage Information......Vehicle.........Quote
Agreed Value $17500 ......original......Liability Rate $33
Bodily Injury/Property Damage Liability
$300000 with Comp and Collision.......Comp and Collision Rate $113.75
Uninsured/Underinsured Motorist
Statutory Limit Deductible $0
Med Payments (State Limit) Included
Tax $0
Quotes are for annual (12 month) coverage.

Your Total Quote
Total Quote (Includes all cars) $148.22 (Includes 1.0% tax for Florida Catastrophic Fund)
Quote Created Tuesday, June 8, 2010 at 5:45 PM E.S.T

yo soy el warg

scottmoyer, the quote they gave you on a 1982 is correct at $113.75. That comes out to $0.65 per hundred dollars of agreed value on $17,500. They said that Camaros from 1984 and newer would get the $1.40 per hundred dollars of agreed value. Any Camaro that is 1983 and older would get the lower rate. This doesn't make any sense to me! They won't give me the $0.65 per hundred dollars of the agreed value on my 1985 and it's 25 years old.

scottmoyer

I'd call them back and ask for Jim Grundy. The representative probably wasn't thinking that an 85 was now 25 years old. It makes sense to say 84 and older get the discounted rate as they are 26 years old and are past that 25 year mark. The rep's math was probably wrong or their underwriters require that it be a full 25 years and not just crossing 25 years old. The website just gave me this:

Vehicle Information
1985 Chevrolet Camaro
VIN:
Coverage Information.......Vehicle......... Quote
Agreed Value $17500 ......original .....Liability Rate $33
Bodily Injury/Property Damage Liability
$300000 with Comp and Collision ......Comp and Collision Rate $113.75
Uninsured/Underinsured Motorist
Statutory Limit Deductible $0
Med Payments (State Limit) Included
Tax $0
Quotes are for annual (12 month) coverage.

Your Total Quote
Total Quote (Includes all cars) $148.22 (Includes 1.0% tax for Florida Catastrophic Fund)
Quote Created Wednesday, June 9, 2010 at 12:31 AM E.S.T

yo soy el warg

scottmoyer, I just called Grundy again and spoke to the 4th different person and he also told me that the Camaro is a "performance car" so the rate of the current $1.40 per hundred dollars of agreed value won't change even when the car reaches 25 years old. The only way it would go down is if you went to $25,000 or more on agreed value. I said you wouldn't find too many Camaros above that amount. I told him about your quoted price and he said that the quote you got on the east coast was incorrect and that when you went to "actually" insure it you would get the increased rate. So I then I tried the on line quote service on the west coast and I get the $1.40 rate. Give them a call and see if they will honor the on line east coast quotes even though they are supposedly wrong.

grassyflats

Grundy denied my application- they said my 91 is too old for a daily driver- WTF

Slowridr

iTrader: (1)

Finished my application and am being sent proof of insurance via email (hard copy to follow).

$196/yr for my car.

I valued it at $12K

Spade who mentioned Grundy at the begining of my thread thanks for the reccomendation props to you.

scottmoyer

I called Grundy today and asked a few questions. I found that MA and SC have different underwriting rules for the classic car community, so their rates don't go down for quite a few more years. I also heard that you might be getting this information if the car is modified. Both of the quotes I received, I marked them as "original". I was told that my premiums will decrease considerably in 2012 because my car is stock. The main reason for the other cars to not qualify, is that they have received more claims on "modified" cars that don't carry a value of $25k or more. This was only speculation from the associate I spoke with.

In all reality, I guess it makes sense that if you have a modified car, but not modified enough to drive the value to $25k, the potential risk factor is higher than the car that is still bone stock original after 25 years. Anybody can go to a junk yard and get a car and build it up, but the original factor is only there once and might be babied more, I guess. That's all I got.

DriveShafted

Grundys the best...its what I use

yo soy el warg

All my cars are also listed as "original", and the question about will there be any modifications in the future was no. They also wanted my driver's licence number, so I know they checked my driving record, which is no speeding tickets in 43 years of driving. So this can't effect my rate. Does anybody have Grundy insurance on a Camaro that is 1985 or older at a rate of $0.65 per hundred dollars of agreed value on the comprehensive/collision ?

scottmoyer

The only hope I had for you was that you listed the cars as modified. When I called in today, the prompts ask you if you are a current customer. I selected yes and didn't get a sales person. The lady I spoke with said she wasn't familiar with any reason a 25 year old car would not get the rate discount unless it was modified. She even went and asked somebody. PM me with some info and I will call tomorrow and act like I'm new to them. I told the lady that I've been promoting Grundy on this website for 10 years and I need to have my facts straight!!

grassyflats

I called and they said your daily driver has to be
newer than your classics to be insured, it cant be a motorcycle
and that they do NOT insure your daily driver at all
not even the liability covers your daily driver
I have a 91 classic so a 92 will do but my 91 daily driver does NOT qualify
even if it is built after the classic of the same year because the reason being
-they wont know if you are driving your classic or your other
thats why I asked -how will they know if it is modified or if
you always park in the garage?

yo soy el warg

grassyflats, you bring up some good points. I've been trying to get definitive answers to some questions I've asked. I seem to get round about answers or excuses every time I talk to a different person at Grundy. They all need to get on the same page.

grassyflats

Thank you kind sir for the compliment...I really appreciate people being kind
yeah the people at Grundy could possibly be a bit stuck up too...
you never know

It all did sound too good to be true
considering everyone thought your DD liability
was covered by this classic policy..but it is NOT
so go figure...it was to good to be true after all

this policy is still awesome considering the premiums
but you still have to have regular car insurance for your DD
in order to qualify...they said even thou I was denied
coverage because my 91 is too old for a DD that I can re-apply
and it will Not affect my chances due to being denied before
and they said it all depends on the underwriter and whether they
are stuck up or not or maybe what side of the bed the woke up on

the liability offered for the classics on the policy does cover
state minimum requirements with unlimited joy riding

scottmoyer

Ok. i spoke with management at Grundy today and think I have some answers. Those that have been told that Camaros fall in the "performance" or "sports" car class were told correctly. Unfortunately, you were probably not informed that Mustangs, Challengers and other "muscle" cars are also classified this way. Grundy appears to have changed their underwriting policies a few years back which changes the price categories for these cars. I was told that a 65 Mustang also falls into this category and would be billed out at the higher rate, not the 25 year or older rate.

The reason behind this is because of the amount of claims on these types of cars. Claims have risen because the cars are driven on the "Power Tour" and other large events where accidents do happen and damage does occur.

The rate I was given over the phone was different from new quotes because I'm already a customer in good standing. It's all subject to underwriting and my quote is subject to change. Just thought I'd share some new input as the info I was giving was obviously years old.

How dare Grundy not notify me that new customers might get different policies!!

In all, I still have heard nothing but good from anybody that has ever had a claim. And the fact that you can drive the car in the Power Tour and not worry about exceeding your annual mileag says alot.

yo soy el warg

scottmoyer, thanks for your info. I'm still going to get Grundy insurance for my Irocs since they offer the best coverage for the comp/collision on these vehicles. I'll also have to keep my other insurance for my regular use vehicles since they won't give me agreed value coverage as Grundy will. The one drawback that Grundy has though is the very low maximum limits on the personal injury protection and under insured motorist coverage that is required in the state of Washington. They only cover the minimum required by law and no more. One other thing that you have to agree to is the deletion of the property damage portion of the under insured motorist coverage. All things considered it's good insurance for my third gen cars.

articwhiteZ

iTrader: (56)

SAME WITH MY FARMERS
i just call and let them know ill be driving it, that week end or when ever.
all the rest of the time it's coverd just sitting at home.
even if there closed i just leav a mesage with my agnt, that ill be driving it, I also have his home # has well.. all in all it's a better price and the car is coverd 100% of the time..

sonjaab

Thats cool for some of you folks in certain states. But here in NY you pay for your plates 2 years in advance. So if you cancel your insurance you are required to turn in your plates also or face suspension of your DL and a $8 dollar a DAY penalty.
Not to mention you LOSE the $$$$ for the plates you paid for in advance!

So most of us that don't drive our 3rd gens. in the winter and have a winter rat
we just transfer the plates/insurance over to the rat for snow time.

I have other cars so I just park it for the winter and leave the plates/insurance
on it year round (cause I am a old fart and my insurance is only $100 bucks a
year for it) and once in a while we have clear snowfree days to take it out of the barn for a winter spin!