Another who you have your insurance through thread

[5150]

Hey I can't find any earlier posts and was wanting to know about this subject again. I have Nationwide on my wife's Honda and Luv's old civic, but didn't know about their coverage on classics. I also thought I might want to go with a different company on my truck.

thanks,

Bryan

[Derrickbwg]

If you are looking to carry comprehensive and collision coverage on the truck make sure that the company you write it with will do a stated value policy. If it is a normal actual cash value policy like on your wifes Honda (where depreciation is taken into account) they will try to pay you only nada or blue book values. If it's a daily driver the stated value policy allows you to put a certain dollar amount of coverage on the vehicle. As long as it turns out to be reasonable and fair market values of comparable vehicles prove that, they will pay what you have it insured for if it were a total loss or stolen. There is an Allstate agent in Greenbrier that can quote a stated value policy for you.

[LUV2XCLR8]

And I also have ALLSTATE, they wrote a special policy just for "GQ"

[shifty]

I see a lot of these threads and a constant name in all of them is Hagerty. They specialize in collector insurance.

http://www.hagerty.com/

[Joe67]

I plan to use Hagerty once my project is rolling...

Around here you can get Hagerty Insurance through Allstate

[LUV2XCLR8]

Originally Posted by 67c10step

I plan to use Hagerty once my project is rolling...

Originally Posted by 67c10step

Around here you can get Hagerty Insurance through Allstate

[Derrickbwg]

Hagerty has some very stringent rules like leisure driven only(not daily drivers)which is only slightly more use allowed than show car status with other carriers. They also have rules about the vehicle being in a completely enclosed locked storage. If you meet their requirements they have extremely affordable insurance. That's why I mentioned Daily driver and Allstate.

[Zonaman]

Here's my standard post for insurance:

Classic auto insurance from an outfit like Hagerty is pretty reasonable. They insure your ride for an agreed value but they limit your mileage & use. I couldn't live with limited miles, so I had the truck appraised ($14,000.00! Surprised the Hell out of me!) and insured it with MetLife for a stated value for about $700.00 (full coverage) a year here in Phoenix. That means it starts out worth that much and depreciates from there. I'm going to get it appraised every other year or when I do something major (like the Old Air unit I just slapped on! ) to upgrade it. Least this way if it gets cubed, I can buy another one from one of you guys and start over.

[chevymaz]

I have Hagerty on my 71 GMC and they require that I keep the truck in a locked garage and I had to send in proof of insurance on my other vehicles so they would know for sure that it would not be my daily driver. I also had to send in several pictures and a full description of the truck and anything that was wrong with it They did not say anything mileage. I worked thru there website www.hagerty.com

[masterbeavis]

Some of the classic insurance places require you, and the rest of your household to have spotless driving records. I have 2 tickets and an accident, they would not touch me with a ten foot pole.

[4tiresngas]

If you are eligible for USAA (military personnel), they are pretty good. They covered my 69 SWB Step that was stolen in Augusta, GA. I was trying to sell it for $5500 at the time, and they paid me $9200. I was pretty happy about that. I have been a customer for almost 10 years.

[llegos]

i have farmers right now, just reg flat coverege. i plan to get some more once i get a lil lower rates/start fixin up the truck a lil

[red71cheyenne]

I've been with USAA too for several years and they are good. I'm looking at one of their partner sites that insures for stated value($15,000) on the '71. They will only charge $319 a year, but once again there are limitations on mileage and storage. The name of the place is Classic Car Insurance and they are out of Chapel Hill, NJ. Still haven't decided yet if I'll go with them or not, but the regular insurance will only pay about $500 if my truck gets totalled.

[70short/step]

I have Allstate and it was cheaper than any other company out there. I do have my other cars and Harley and House insured thru them and get discounts for all that. They give you replacement market value on my truck if it ever is wrecked.

[Tx Firefighter]

I use Haggerty too. I've always been happy with them.

They never said a thing about mileage limits. Never asked for an odometer reading.

[1969 C/K CST]

My Nationwide agent insures classics. Asked this not long ago. Will right policy at appraised value. Asked because there was a sweet Chevelle out front. And they told me they just insured it.

[Derrickbwg]

This is from Hagertys website
"Usage. Hagerty covers vehicles that are used on an occasional basis -- e.g. club functions, exhibitions, organized meets, tours and limited pleasure driving."
They asked for the mileage on the truck when they wrote it. If a total loss occurs they will pay the stated amount MINUS the difference between what the premium was and what it should have been with your usage(at least thats common practice in the industry), they'll go back to the beginning of the policy as well. That can be very disappointing in some cases. Classic car and JJ best both have great rates on actual show cars. I have a 64 conv vette insured through jj. I also own an Allstate agency, so take my Allstate recommendations with a grain of salt

[Ackattack]

I have hagerty too, $140/year with towing, $14k value, $0 deductable on collision and comp. Pretty good.

Also, I put in a new speedo (Autometer) so the mileage reset, but like others said, they don't have a mileage policy.

I have allstate for my other vehicles. I changed my formula to "pleasure vehicle" or something like that and have like a 8000 mile limit on it. They asked for the mileage when I signed up for it, but didn't ask when I renewed it...so I don't know.....didn't drive it 8000 miles though either. Saved me a little bit of money.

[ChevLoRay]

All of my vehicles are insured with State Farm. I had stated value coverage on a '67 Impala Convertible, years ago (early-mid 80's). Had to get an appraisal from a car dealer.

Friend has coverage on his '76 Gentleman Jim GMC, with Hagerty's. They made him take his cross-bed toolbox off of the truck, before they'd insure it. Gee whiz....can't use it for work anymore. He puts less than 2000 miles per year on it.

[cgrossl]

I have my 69 Camaro and my 72 Cheyenne insured through AON Collector Car Insurance. They don't have any usage restrictions. All that they require is that you keep your car or truck in a locked garage and that you have a newer vehicle for a daily driver. Insurance for my Camaro with me stating the value at $21000 is about $300 a year and my truck is about $100 a year with it valued at $6000. I haven't found a better insurance deal for classic cars yet.

[LUV2XCLR8]

Originally Posted by Derrickbwg

I also own an Allstate agency, so take my Allstate recommendations with a grain of salt

I will also be swapping to probably HAGERTY when "GQ" is completed, but
for now I just can't beat ALLSTATE, it has everything to do w/ the agent
if you ask me, mine looked at "GQ" and then wrote a policy based on the
value of it currently, $15K full replacement is what I have and it states it
on my policy, BUT!!!!!! I have it listed as suspended coverage, I can not
drive it, it's in a locked garage, I have 24 hour secutiry monitoring, and it
basically just covers it against theft, fire, tornados, vandalism, etc........
BUT!!!!!! like I said I cannot drive it, this was a great source of coverage
for me while I'm getting it ready for paint, oh yea, the best part $18 year

[chevyguy_72]

I am with Farm Bureau and they are the lowest for me. I have done multiple price comparisons and they always come in the lowest.

[see ten]

I have both of my trucks insured through State Farm. I have an agreed value of 20K on the K10 and 14K on the C10. It cost about $200 per yr on the K10 and about $180 per yr on the C10. I realize that they will pay "up to" the insured amount, however anything is better than nothing. I talked to Hagerty a while back and they wouldn't do business with me since we only owned one other vehicle at the time. They said we had to have one insured vehicle per household driver that was not on a classic policy. Hagerty also wanted to double or triple my quote when they realized the truck had a lift kit on it. When I asked why they said that lifted trucks typicaly cost more to repair.

[Derrickbwg]

covers it against theft, fire, tornados, vandalism, etc........

Thats a good point, alot of folks think their homeowners insurance will cover a vehicle or a project in their garage if the house were to burn and that simply is not the case. GQ has the right idea that if it's a project and your state laws allow it (KY does not by the way) suspending coverage on everything except the comprehensive coverage is the way to go. With insurance every case is different. Especially since credit is used by most companies as a factor in determining rates. You can have the exact same vehicles,driving records, and household composition(same #of people and same ages) and yet there can be a HUGE difference in premiums if one has excellent credit and the other poor. So just because your buddy get s a good rate there doesn't guarantee you will. Companies like Hgaertys do not use credit(yet).