How honest are you? insurrance question

So it sounds like Grundy and Hagerty are pretty flexible to how much you use it and when. But is there any such thing as owning only a rod or custom, no other transportation, and using it as your daily? What if the only other transport you have is a motor bike?

 

Here's a link to an article about collector car insurance:

http://www.nastyz28.com/collector-classic-car-insurance/

 

Hagerty wanted everyone's license in my house and a daily driver that matched everyone on the house. So we have 3 people in the house and 3 daily drivers and 1 '39 Chevy. My guess they won't like the motorbike.

Good Luck

 

I use J.C.Taylor and have for about 20+ years and all they asked is what kind of garage the car is parked in and that I don't drive it more then 2500 miles per year. I can drive it to a repair shop or a parade or a car show or even cruise night as long as it's a car activity. They didn't say I couldn't park at a hotel while at a car show or other car related outting and if I take it to a repair shop I always make sure it is parked inside if I have to leave it over night (IE: for paint or upholstery etc.).
The questions you asked are what you need to ask your insurance guy, he has all the right answers for HIS insurance company.
Good Luck

 

I wanted to do the Hot Rod Power Tour last year. I have antique license. So I tell my agent, he said no problem. His deal is as long as he knows ahead of time I'm covered. But if I say I'm never going to be more than 250 miles from home and then have trouble, I'm in deep do do.

These guys know that your car won't always be in a locked garage, just make sure you have a garage to lock it in.

 

Exactly with PL/PD you know up front how much you are going to loose instead of needing to figure it out later when the adjuster doesn't repect you any more and refuses to marry you when he's done.

 

Get a little notebook and write all your lies down, that way you can remember who you told what.

 

Thats called insurance fraud, and trust me, you don't want any part of that! This is not as hard as were making it out to be. I've been selling insurance for over 10 years and have not had a problem with classic car insurance

 

Who do you sell for?

 

I sell for American National Insurance and we have a "Chrome" program. Classic, Hotrod,Replica,Original,Modified,Exotic. Its specifically designed for these types of cars.

 

Can I drive my car anywhere I please anytime I want? Is it less expensive than regular insurance in general?

There are two drivers, three cars, one motorcycle and a locked garage.

 

For the classis stuff, its restricted to 10k miles a year and can't be driven back and forth to work on a regular basis. In order to get the good rate, the good coverage you have to meet a few guidelines. I have a 40 Ford insured for $35k and it costs $260 for the year. These types of policies are replacement cost. I can insure my 40 Ford as a regular car and drive all day everyday. But if something happens they will take depreciation off the car and pay me accordingly.

 

Which is where I get stuck. I only seem to qaulify for regular insurance as I actually drive my car.

I understand the concept of "don't drive your car and insurance is cheaper".

I'm just trying to find a company that understands the cars and still lets you drive them.

I'm not out that much if someone hits my car though.

 

I drove the shit out of my car last year and I came close to the 10k mileage, so thats not an issue for me. Now if this is your daily driver, you can still get comp and coll coverage, but its a little more expensive and they use depreciation in the event of a loss. If that doesn't bother you than really any company can do that for you.

 

It's not that it doesn't bother me. I have no choice. I would rather not have my car insured by depreciation.

Nobody else so far will insure it because I *gasp* drive it to work.

 

When I was driving my 52 sedan daily, I had Nationwide on it. They did an agreed value deal (I had to get an appraisal, which was basically a letter from my dad's street rod shop on the shop's letterhead saying the replacement value of the car.) I hear State Farm has a similar deal. Insurance varies from state-to-state (and even agent-to-agent), so check with them.

I have American Hobbyist on the Fleetline now. There's no actual mileage limit, but they do require a "daily driver" vehicle for every licensed driver in your household, and I think you have to be 26 or older to drive it. They also require a locked garage. They cover everything I want to do with this car, and their rates were a little better than others, so it at least seems like a good value so far. I haven't had to make any claims on it, though...

 

I think you got an agent that didn't want to deal with your cars. I insure my heaps with Hagerty directly. They did ask a few questions about whether my cars were in the process of being restored and why I thought they were worth what I wanted them insured for. After I politely answered their questions they insured the cars for what I suggested and when it came time to renew they even suggested I up the value to coincide with current market conditions for similar make/model/year cars.

 

If you get an agent that knows cars and a company that nows cars, you should be ok. If you tell the guy you have a dropped and drilled I-beam on your A-Bone and he says, "whats that?" its time to find another agent!

 

If something happens, the last thing the insurance company will ask is the mileage. When they ask you how much you drive the car, your answer is not the limit of miles you can drive. It gives the insurance company an idea of how much you drive. If you drive the car daily, the more of a chance something will happen. Don't worry about it. Most likely you didn't sign anything under penalty of perjury.

 

I just want to get it insured with someone that doesnt care where I park it and or how much I drive it. What company does this?

 

It's kinda like the old 'cheap, fast, and high quality - pick which two you want' deal: insurers who don't care how much one drives, or where one parks, price their coverage so that's it's acceptable to those who don't care how much it costs.

 

I'm with State Farm for over 35 years insuring my hotrods with no problem. I've never had a claim so they don't say much. On the cars I drive I tlll them 8-10 K a year and on the cars I build to sell I tell them there is minimal exposure and those seller cars will always be trailered, they adjust the premium accordingly. The only thing I have found is when you get above a certain value they ask you to get an appraisal

 

Does it bother anyone else that one can pay more for a new car and have very little restrictions put on them as to when, where, and how they can drive their car.

I paid more for a mini van than my hot rod is worth but I can drive it anywhere and the insurance cost is not that much different, than the hot rod, through AAA. They did not ask how when or where I drive the mini van.

I know there is risk involved in insuring a hot rod but really... Most people take care of their classic cars. Most drivers of old cars are much more attentive of there driving environment than the masses of soccer moms and cell phone drivers. The owner of an hot rod is really the last one to want to see something happen to it.

Should it really be this hard to get insurance to drive a car. This is crazy that we have to worry about stopping at a store on our way home from a show!

 

Im am completely honest. I use GRUNDY- no mileage restriction. I have a locked garage, drive it to and from an event (which my agent says is very vague- going for ice cream on the kids Bday is an EVENT) and most importantly and up to date appraisal in case somehting happens to it- Ill get my cash back or repairs done as they should be done.

 

When I asked my agent about insurance on the A he said he could do the, agreed upon value, full meal deal, for less than $300.00 year. I asked him why it was so cheap and he said it was because of the type of people who drove these cars. Responsible, honest, common sense, not risk takers, etc. I guess I don't understand what the problem is. Is $300/year to much for ya? If so, you need to change your hobby. Is the problem that you want to take a classic/hot rod to Wal Mart and expect full coverage when you know whats going to happen at Wal Mart and/or any grocery store. I think the insurance companies have done a good job in making provisions that allow you to drive your classic/hot rod but you need to realize you can't have your cake and eat it too and that's what you want. Cheap insurance while ducking all the responsible, honest, common sense things that non-risk takers are subject to, just don't mix.

 

If you are paying close to the same amount for your new mini van and your hot rod then you are really OVER PAYING for your hot rod. I pay way LESS for premiums for Big Olds then I do for my daily driver and Big Olds is worth 15 times MORE then what my daily drive is worth.

You REALLY need to check out www.Grundy.com for pricing. You'll be SHOCKED how inexpensive they are for GREAT coverage. I'm sorry, I use to sell insurance for AAA at their headquarters in Dearborn and trust me you do NOT want their coverage for your classic car.

 

This is true. Neither of my claims with Hagerty did they ask me what my mileage was. In fact, I had $5,700 worth of damage done to my '47 Chevy while in AZ and not once did they even ask me what I was doing 2,500 miles from home. They asked if I was OK, if the car was drivable and told me to take it to any shop I wanted once the car was back home in Michigan. No hassles what so ever.

They were a GREAT company to deal with claim-wise. The ONLY reason I switched to Grundy a couple of years ago was cuz their preiumns were quite a bit less expensive for the exact same coverage.

I'm the type that once in a while calls around for rates for my daily driver as well. I HATE spending money on insurance premiums BUT I know they are necessary in todays world.

 

I understand the reasons why it's cheaper. It's just........I can go through Grundy or the like and get agreed value of 5K for $80 a year.

I go through my regular insurance which is going to suck if I ever do have an accident for $400 a year. The difference isn't going to break me.

BUT the only difference is with one I'm driving to work and the other I can't.

 

That was my point. They will insure a vehicle of more value and put no restrictions on you because it is new. Ask for an old car and now we have many restrictions and really not that much better price.

Just sucks. Many of us would like to drive our cars everyday, without worry.

 

Pls read my reply again. BIG OLDS is worth WAY MORE then my daily driver yet is a FRACTION of the cost to insure.