Insurance Advice Needed - The 1947 - Present Chevrolet & GMC Truck Message Board Network

KellerMAC · 04-01-2016, 05:15 PM

I am in a quandary on what to do about insurance on my 1972 C10 - what do you guys do? I am using Grundy's Classic Vehicle Insurance with a predetermined value. This has many limitations, miles per year, can only drive the truck to car show or function. I called my Liberty Mutual agent and he said that he would cover it but it would have a 1972 value, so if I had an accident, they would probably total my truck with a street value of $300 or a little more.

What do you guys do? I want to be covered for the classic amount and be able to drive it all I want. Is there a better solution to what I am doing now?

Thanks

KellerMac

dazza · 04-01-2016, 05:28 PM

I've been lightly browsing around lately as well and it looks as if this company has agreed value as well as an unlimited mileage option. That's what the quote form showed anyways.

https://www.classicins.com/

Tiger Joe · 04-01-2016, 06:40 PM

I went thru this same dilemma last year. I ended up going with American Collector insurance.

You can do the quote online and choose a value and all your coverage options. They even have policies which allow you to drive ANYWHERE. Not this bs everyone else about where you can take it.

I opted for the "drive anywhere" policy. Only had it since August but no complaints yet.

I insure my c10 and k10 thru them. Cost me under $300 a year for both combined.

Edit to add: they were super easy about everything. They want pics of the vehicles and for trucks they want to see the bed to prove you aren't hauling stuff and it's actually a collector vehicle. I had one of my trucks on my lift and couldn't get to it for pics and they didn't care.

dazza · 04-01-2016, 06:46 PM

Quote:

Originally Posted by Tiger Joe

I went thru this same dilemma last year. I ended up going with American Collector insurance.

You can do the quote online and choose a value and all your coverage options. They even have policies which allow you to drive ANYWHERE. Not this bs everyone else about where you can take it.

I opted for the "drive anywhere" policy. Only had it since August but no complaints yet.

I insure my c10 and k10 thru them. Cost me under $300 a year for both combined.

Edit to add: they were super easy about everything. They want pics of the vehicles and for trucks they want to see the bed to prove you aren't hauling stuff and it's actually a collector vehicle. I had one of my trucks on my lift and couldn't get to it for pics and they didn't care.

But is that still limited to 7,500 miles annually?

Bigdav160 · 04-01-2016, 08:44 PM

Read the fine print. The policies I've seen require an insured modern vehicle as a daily driver and some type of secure garage storage.

Tiger Joe · 04-01-2016, 09:04 PM

Yes it's limited to 7,500 and you must have a daily driver.

I don't know if a locked garage is required.

boogieman1 · 04-01-2016, 09:12 PM

I use hagerty and was able to set my value on it. They have plans for different mileage driven. I think you still have to have a daily driver though. Might be worth a look.

CST10 · 04-01-2016, 09:42 PM

I have Grundy. I'm happy with them. Had an accident at CTC year before last. Someone hit my truck parked and had no insurance. Within 7 days had a check in my hand for all the damage.

Mileage really isn't a big deal to me. I only use the trucks to drive to club meets and shows.

jimmq · 04-01-2016, 10:15 PM

How about us guys that have a nice truck that we actually use? I was all set with Hagarty until they saw the plow frame hanging off the front of it...

helluva · 04-01-2016, 10:28 PM

I don't have a show truck, but was able to set a value for the truck as my daily driver with State Farm. Pay roughly $100/month. Copied from my policy:

AUTOMOBILE LIABILITY 50/100/50
NO FAULT/PERSONAL INJURY PROTECTION P10
EMERGENCY ROAD SERVICE
UNINSURED MOTOR VEHICLE 10/20

1972BlueC20 · 04-01-2016, 11:39 PM

I have State Farm regular car insurance. They valued my 72 C20 at $12,500. I'm pretty sure my insurance agent said that would be about the payout if the truck was totaled or stolen. I need to call next week and re-verify.

I pay $28 per month for an antique policy. Not supposed to drive it much. It was $69 per month under a regular policy. I may switch back so I don't have any problems since I do drive more than I technically should.

Z10 · 04-01-2016, 11:59 PM

Make sure you look for an "Agreed Value" policy.

I also use Grundy and had a claim on my 69 Camaro about 10 years ago when a Ford truck ran into the back of me. I too had a check within about a week.

**Jason Banks** · 04-02-2016, 09:52 AM

Quote:

Originally Posted by 1972BlueC20

I have State Farm regular car insurance. They valued my 72 C20 at $12,500. I'm pretty sure my insurance agent said that would be about the payout if the truck was totaled or stolen. I need to call next week and re-verify.

I pay $28 per month for an antique policy. Not supposed to drive it much. It was $69 per month under a regular policy. I may switch back so I don't have any problems since I do drive more than I technically should.

I guess I don't have an antique policy from State farm on mine. Also in Texas. I think I pay about $45 per month and have the value set at $8000. If you call you agent, post back what you find out. I don't like talking to those turkeys anymore, they always try to sell me something.

AirSpeed · 04-02-2016, 10:15 AM

I have Allstate, just regular car insurance, no limits on driving. They recently paid a $7500 claim after I hit a deer in my 72 K1500. It took a month to get an appraiser to look at my truck but finally paid off telling me it wouldn't take so long if it happens again, they even paid my deductible as compensation for the long wait.

Sicklajoie · 04-02-2016, 10:46 AM

Hagerty all the way.
Agreed upon value, no mileage limits. I just needed proof that is was it was garaged.

**SoCoC10** · 04-02-2016, 06:01 PM

I had agreed value of $40k on my Chevelle and paid just under $370 a year with Hagerty. With my renewal up in late February, I asked about pushing my renewal date to mid April since there are no classic car shows/events here til May. I was told I would have to go through the whole application process and reapply for coverage. As a result I told Hagerty I'll be shopping for a new insurance provider then. Good thing I did! Grundy quoted me $250 a year for the same coverage.

kingstrider · 04-02-2016, 11:51 PM

I also went with American Collector. My truck is a garage queen and driven occasionally to the store or work so limited mileage isn't a big deal to me.

**71CHEVYSHORTBED402** · 04-03-2016, 12:24 AM

By advice of some board members I went with Hagerty a month ago. Don't waste your time with common insurers, AAA couldn't even tell me what my truck is covered for. I insured mine for 20K and it's in pieces. Increases 1K every qtr. Cost less than what I was paying AAA. Somewhere around $230 annually.

04-01-2016, 05:15 PM	#1
KellerMAC Registered User Join Date: Jan 2007 Location: Keller, TX Posts: 143	Insurance Advice Needed I am in a quandary on what to do about insurance on my 1972 C10 - what do you guys do? I am using Grundy's Classic Vehicle Insurance with a predetermined value. This has many limitations, miles per year, can only drive the truck to car show or function. I called my Liberty Mutual agent and he said that he would cover it but it would have a 1972 value, so if I had an accident, they would probably total my truck with a street value of $300 or a little more. What do you guys do? I want to be covered for the classic amount and be able to drive it all I want. Is there a better solution to what I am doing now? Thanks KellerMac __________________ Texas - Don't Let The Size Scare You!

04-01-2016, 05:28 PM	#2
dazza Registered User Join Date: Aug 2002 Location: California Posts: 971	Re: Insurance Advice Needed I've been lightly browsing around lately as well and it looks as if this company has agreed value as well as an unlimited mileage option. That's what the quote form showed anyways. https://www.classicins.com/ __________________ --------------------------------------------------------- I'm not crazy, I'm chosen, there's a difference. ---------------------------- '72 K10 SWB, 350, sm465/np205 ---- ----

04-01-2016, 06:40 PM	#3
Tiger Joe Registered User Join Date: Mar 2015 Location: South of Pittsburgh Posts: 425	Re: Insurance Advice Needed I went thru this same dilemma last year. I ended up going with American Collector insurance. You can do the quote online and choose a value and all your coverage options. They even have policies which allow you to drive ANYWHERE. Not this bs everyone else about where you can take it. I opted for the "drive anywhere" policy. Only had it since August but no complaints yet. I insure my c10 and k10 thru them. Cost me under $300 a year for both combined. Edit to add: they were super easy about everything. They want pics of the vehicles and for trucks they want to see the bed to prove you aren't hauling stuff and it's actually a collector vehicle. I had one of my trucks on my lift and couldn't get to it for pics and they didn't care.

04-01-2016, 08:44 PM	#5
Bigdav160 Registered User Join Date: Apr 2011 Location: Klein Texas Posts: 3,852	Re: Insurance Advice Needed Read the fine print. The policies I've seen require an insured modern vehicle as a daily driver and some type of secure garage storage. __________________ My Classics: '72 K20 Suburban + '65 Dodge Town Wagon '72 Corvette Roadster +'67 Corvette Roadster '73 Z-28 Camaro '63 Ford SWB Uni Pickup '50 Ford Coupe

04-01-2016, 09:04 PM	#6
Tiger Joe Registered User Join Date: Mar 2015 Location: South of Pittsburgh Posts: 425	Re: Insurance Advice Needed Yes it's limited to 7,500 and you must have a daily driver. I don't know if a locked garage is required.

04-01-2016, 09:12 PM	#7
boogieman1 Registered User Join Date: Feb 2016 Location: indianapolis, in Posts: 46	Re: Insurance Advice Needed I use hagerty and was able to set my value on it. They have plans for different mileage driven. I think you still have to have a daily driver though. Might be worth a look. __________________ '72 chevy C20 Cheyenne Super

04-01-2016, 09:42 PM	#8
CST10 Registered User Join Date: Sep 2013 Location: Gonzales, La Posts: 1,441	Re: Insurance Advice Needed I have Grundy. I'm happy with them. Had an accident at CTC year before last. Someone hit my truck parked and had no insurance. Within 7 days had a check in my hand for all the damage. Mileage really isn't a big deal to me. I only use the trucks to drive to club meets and shows. __________________ MyToys: Goldilocks the "Ol School Survivor" 1968 C10, SWB Stepside, 08/15 TOTM, 250 CI 6 cylinder, 3 on the tree, 3.73 rear, 3/5 static drop, 23,500 original miles. Samson the 1970 CST10, LWB, 462Ci, Turbo 350 tranny, 3.08 rear gear, PB, PS, A/C, AM/FM, 2/4 Drop. Brutus the 1998 Camaro Z28, 33,500 original miles, LS1, 519 RWHP/497 RWTQ. Member of the Louisiana Classic Truck Club, LCTC Member of the Louisiana C10 Club Member of the Baton Rouge Drifters Car Club

04-01-2016, 10:15 PM	#9
jimmq Registered User Join Date: Apr 2009 Location: Haddam CT Posts: 51	Re: Insurance Advice Needed How about us guys that have a nice truck that we actually use? I was all set with Hagarty until they saw the plow frame hanging off the front of it...

04-01-2016, 10:28 PM	#10
helluva Registered User Join Date: Dec 2014 Location: NW GA Posts: 7	Re: Insurance Advice Needed I don't have a show truck, but was able to set a value for the truck as my daily driver with State Farm. Pay roughly $100/month. Copied from my policy: AUTOMOBILE LIABILITY 50/100/50 NO FAULT/PERSONAL INJURY PROTECTION P10 EMERGENCY ROAD SERVICE UNINSURED MOTOR VEHICLE 10/20

04-01-2016, 11:39 PM	#11
1972BlueC20 Registered User Join Date: Jun 2014 Location: Houston, Texas Posts: 722	Re: Insurance Advice Needed I have State Farm regular car insurance. They valued my 72 C20 at $12,500. I'm pretty sure my insurance agent said that would be about the payout if the truck was totaled or stolen. I need to call next week and re-verify. I pay $28 per month for an antique policy. Not supposed to drive it much. It was $69 per month under a regular policy. I may switch back so I don't have any problems since I do drive more than I technically should. __________________ 1972 Chevrolet C20 Cheyenne Custom Camper LWB - 350 / 330 HP GM Crate - TH350 / Mild Shift Kit - Dark Blue / Medium Blue - Paint Code 559

04-01-2016, 11:59 PM	#12
Z10 Registered User Join Date: Aug 2012 Location: Midland, TX Posts: 1,267	Re: Insurance Advice Needed Make sure you look for an "Agreed Value" policy. I also use Grundy and had a claim on my 69 Camaro about 10 years ago when a Ford truck ran into the back of me. I too had a check within about a week. __________________ 1969 RS/SS Z10 Camaro Pace coupe 1972 GMC Short Step buildhttp://67-72chevytrucks.com/vboard/s...=1#post6356218 1979 Mazda RX7 1979 Pontiac Trans Am WS6 & 1979 Pontiac Trans Am 10th Anniversary 1999 Honda Valkyrie 2006 Corvette Z06 2010 BMW 650i

04-02-2016, 10:15 AM	#14
AirSpeed Registered User Join Date: Jul 2007 Location: Fall River California Posts: 2,026	Re: Insurance Advice Needed I have Allstate, just regular car insurance, no limits on driving. They recently paid a $7500 claim after I hit a deer in my 72 K1500. It took a month to get an appraiser to look at my truck but finally paid off telling me it wouldn't take so long if it happens again, they even paid my deductible as compensation for the long wait. __________________ http://smg.photobucket.com/albums/v655/aaronhero/

04-02-2016, 10:46 AM	#15
Sicklajoie The Niner Join Date: Nov 2010 Location: Broad Brook, CT Posts: 2,488	Re: Insurance Advice Needed Hagerty all the way. Agreed upon value, no mileage limits. I just needed proof that is was it was garaged. __________________ "A good racer is one whose head is in communication with his balls." - Richie Evans 1970 C/20 - 402/TH400/3.54s - 74K miles 2003 GMC Sierra 2500 - Wheatland Yellow Niner Progression Thread: http://67-72chevytrucks.com/vboard/s...d.php?t=697183 Classic Trucks article: https://www.motortrend.com/features/...et-c20-driven/

04-02-2016, 06:01 PM	#16
SoCoC10 Senior Member Join Date: Nov 2014 Location: Colorado Posts: 3,142	Re: Insurance Advice Needed I had agreed value of $40k on my Chevelle and paid just under $370 a year with Hagerty. With my renewal up in late February, I asked about pushing my renewal date to mid April since there are no classic car shows/events here til May. I was told I would have to go through the whole application process and reapply for coverage. As a result I told Hagerty I'll be shopping for a new insurance provider then. Good thing I did! Grundy quoted me $250 a year for the same coverage. __________________ 07' Extcab Silverado Z71 Silver Birch, 5.3L HO 71' Cheyenne C10 Hugger Orange on Saddle SWB Besides these two, too Many to count

04-02-2016, 11:51 PM	#17
kingstrider Registered User Join Date: Jan 2015 Location: Uncle Sam knows Posts: 286	Re: Insurance Advice Needed I also went with American Collector. My truck is a garage queen and driven occasionally to the store or work so limited mileage isn't a big deal to me. __________________ 1972 Cheyenne Super swb: http://67-72chevytrucks.com/vboard/s...d.php?t=684318



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04-03-2016, 12:24 AM	#18
71CHEVYSHORTBED402 Senior Member Join Date: Feb 2009 Location: Northern Nevada Posts: 7,118	Re: Insurance Advice Needed By advice of some board members I went with Hagerty a month ago. Don't waste your time with common insurers, AAA couldn't even tell me what my truck is covered for. I insured mine for 20K and it's in pieces. Increases 1K every qtr. Cost less than what I was paying AAA. Somewhere around $230 annually. __________________ Tony 71 Custom Deluxe, SWB, 2WD, 402, A/C. I developed an assm. guide "kit" for restoring it from ground up. With assys, the guide accts for 1000s of OEM identifications and part numbers, all written in short order. 700+ images include assm, illust., charts, and points of interest. Much of the info. applies to all 67-72 GM trucks, and to a lessor degree all 67-72 GM vehicles. My build thread, and more on the guide https://67-72chevytrucks.com/vboard/...d.php?t=730025

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