Southern California AreaSouthern California Members.
Welcome to ThirdGen.org!
Welcome to ThirdGen.org.
You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, join the ThirdGen.org community today!
Does anyone know of a good way to get my IROC insured for its market value (not blue book value)? I'm afraid that if my IROC were to get damaged or stolen, I'd be up for a big loss. How do you get your car insured based on something like an appraised value? Classic car insurance? Does anyone have a good insurer they can refer me to? How do you guys handle your insurance?
What you are looking for is "Agreed Value Insurance." Most of the collector car insurance companies offer it. You want to make sure any policy you discuss is agreed value where you and the insurance company agree on the value of your car before you sign. Some other things to check on are when, how much, and under what conditions can you drive the car. Some companies will allow you unlimited mileage just as long as you have a "daily driver" and a garage to keep your collector car in. Other companies will only allow yu to drive your car to and from car shows or club meetings. If you don't have a "daily driver" or a garage, you are sol.
I was thinking about taking my car to the insurance so they can see that its now all painted.
The last time I got rear ended, they wouldn't pay to repaint because they said the paint was already falling off.
Has anyone tried this? Do you think my rates will go up a lot?
I would think you could insure the car for any value you tell them. But yes you are going to pay them higher rates for them to cover your car for a higher price than what they think its worth. They're in business to take your money, not give you money. All it takes is a phone call to ask your insurance agent.
Go with State Farm. If you keep receipts of everything and its stolen or totalled they will reimburse you book value + receipts. Your premium will not be any higher either.
If your car is 20+ years old, you can get classic insurance from them also.
With these companies, you will generally have some basic "elite" requirements such as having a garage, a different daily driver, no speeding tickets, and limited mileage or limited use purposes. But they are actually cheaper than standard insurance carriers. I was quoted between $120-$140 per YEAR to have my car insured at ~$12,000 (the money I put into the car) as long as I keep to their stipulations. The reason I didn't go with any of them was because I sold my daily driver, but hopefully that'll change soon if I find a nice TPI 350 firebird for sale.
