I have a '47 Special Deluxe with some restoration done. Car is to be garaged. Any suggestions on reputable insurance? Thanks from
Tennessee.
I Use Grundy and have been very pleased with them.......
I have been using Hagerty for close to ten years, nice people, however, I have never had to file a claim. When you file a claim with your insurance company for a loss, that is when you see their true colors. I have never heard anything bad said about Hagerty....Bill
I started out with Great American for my collector cars and they were bought out by Infinity. Been with them about ten years. No problems here.
I have my Volare insured with my regular carrier(American Family) It is classified as a special use vehical and is for less than daily driving. However there are no limits as to when or where I can drive it and no milage requirements either. The only downside is that I had to have the vehical professionally appraised to have full coverage. I also have the option of dropping down to just comprehensive in the winter and there is a sizable savings there. And my insurace company doesn't doesn't punish you for making a claim either. Perhaps if you did every month or so but no occasional ones. Maybe talk to your regular agent and see what he or she has to offer.
Currently have three antiques insured with State Farm. Been insured for 16 years, no problems. About $100.00 a year.
Only trouble I could find is that they refuse to cover Deloreans.
The questions about insurance crop up from time to time on this forum and others, usually the dialog is the same because most people convince themselves that they are getting a good deal on their coverage. The one problem that most people overlook when dealing with a mainstream insurance company in lieu of specialty carriers like Hagerty, etc, is that many times the policy is "Actual Cash Value" ACV in lieu of "Stated Value". A Stated Value policy will cost a given amount per hundred/thousand dollars of coverage where as an ACV policy does not mention an actual dollar amount of value for the vehicle.
Many years ago my wife thought she was going to save us money on our insurance so she opted for ACV coverage which is fine for an everyday vehicle. I had a '37 Ford pickup that a fellow backed into, he had no insurance so I went to my carrier...... The adjuster offered a couple of hundred dollars, stated that '37 Fords were a "dime a dozen". I flipped him a dime and told him to go buy me a dozen. The problem with ACV is that the value of the vehicle is set by the insurance company.
A second item to watch out for is assuming that home owners insurance will cover your vehicle when it is stored for the winter or under construction..... Not so!!! My wife tried that one to. I know several guys that lost very valuable cars as a result of a home fire. I DO NOT LET MY WIFE ANYWHERE NEAR THE INSURANCE POLICY'S COVERING MY COLLECTOR CARS.
A lot of my friends drop their coverage in the the winter months because they are not driving their cars. In California, if you drop the coverage on your car you had better put the car on a non-op prior to dropping the coverage because the state will suspend the registration the minute the insurance company informs them the coverage has been dropped.....Bill
I have had mine insured through American Collectors out of NJ. Submitted pix and a value I have since raised it three times.
I have full coverage towing, it covers parts stored for usage also. I believe the curent agreed value is 17K on my 46 P15.Full cost collision,
Medical, uninsured motorist comp coverage. I believe is 107 per year. Restricted to 2500 miles per year. I have exceeded that for the last three years, no questions yet. I have also heard some good things about American Hobbiest. And as said before agreed value is much more assuring that ACV. I would onl have ACV coverage if you have a written rider agreeing to a number you can live with, instead of trusting some salesman to come up with a value after something happens.
I have the 54 Savoy and the 59 Chevy Apache both with (no mileage limitations, agreed value) Grundy, I like them.
I have the 77 Volare with USAA.
Regards
Cliff54