Im planning on getting my car on the road soon, and was wondering how to insure it. Do you guys just go through the same insurance company that your daily drivers are covered by, or do you go through a specialty company like Grundy or Hagerty? What about old cars that are daily drivers? Thanks.
Specialty Company! Full coverage declared value dirt cheap. A few obvious restrictions, garage kept, not daily driven, but way cheaper. I have never had a claim so cant speak to that side but believe they are also better there.
Most of those specialty companies aren't too keen on you using the car for a daily driver. They can offer low rates because of minimum exposure. Best check with your regular carrier if you plan on using the car as your daily transportation.
Hagerty on all three of my hot rods. Declared value coverage, excellent pricing, fast claim response.
I will face the same problem with "daily driver". I can't use my current antique policy on my next car because they won't take a daily driver. If I go with normal car insurance, they won't cover fire, theft, etc because it is too old, not in the books, etc. They only offer liability on older cars. There must be a company that will, but I have not found one yet.
I was just checking my insurance company's website (progressive) and it appears that they offer Hagerty for antique/collector cars.
Yeah I soon will have my car on the road as my daily driver too plus I'm a teenager. Are there any specialty company's that take daily drivers? And if so they probably wouldn't insure a high schooler right? I dont know the first thing about insurance this is my first car.
Most companies wont do a classic rate for a daily driver. You can insure it yes, but it will be just like a regular vehicle, meaning no "agreed value". It would be treated just like a 2000 Ford would, depreciation and all. At least thats how my company does it and I think they all follow suit.
i have grundy. You can use their "MVP" (multiple vehicle program) I have a 1964 chrysler newport wagon as a daily driver, 1934 ford roadster as antique, and 2000 subaru wagon as another daily driver. all 3 combined and insured to the absolute hilt are less than what I was paying for ONE with progressive. Progressive, in my opinion, are crooks. I set an agreed value with all of them, that is what Grundy requested. I would highly recommend this program, it saved me TONS of money. oh yeah...no mileage restrictions either.
I had Hagerty but switched to Grundy for much better rates. Neither allow daily driver use. However, Grundy was requiring at least 3 cars for coverage. When I joined, you only needed one, but I insured two. The was a change at Grundy a few years ago and some people left to start another company.
I just go through my regular carrier, Farmer's. I just said that it's driven a few times a week, like fridays to work and putt around town on the weekends. I have liability and uninsured motorist. I got a good rate since I also have my other cars and home/fire insurance with them.
Grundy has been good to me. Driving out to VLV a couple of years back, got caught in a sandstorm between Gallup and Grants NM. Peppered my car like a shotgun blast. Grundy took care of all of it per the policy.
Most of the specialty companies have a few rules : 1) They want to know the car will be kept in a secure garage as opposed to a carport or in a driveway. 2) They want to know you have another daily driver so this car is only used occasionally. That can be restricted to club events, car shows, maintenance, etc.........not for things like just driving around. They generally don't require and independent appraisal but they will want several pictures from different angles and a complete description of the car. You tell them how much you feel it would take to replace the car if it were totaled or stolen and if they concur then you get "agreed value" of X assigned to the car. You can't simply put $100K value on an old beater and have them agree to that number, it has to be reasonable to them. Don
Chrome was recommended here - after some wierd stuff with Grundy, am now using Chrome. The parent company is ANPAC. Good rates and not alot of crazy restrictions. Not available in all states however.
My '29 Ford Street Rod was on the AAA policy for a while at $230 per year, with no collision or comprehensive, just PL and PD. Shopped around with Hagerty and a few others looking for an agreed value ($30K) policy. All of the quotes were in the $300 per year range. Finally talked with the AAA rep about collector car insurance, and ended up with an agreed value policy ($30K) with collision, comprehensive ($500 deductable), $100K/300K PL&PD, amd a 2500 mile annual limit. All this for $155 per year. They came out to the house and photographed everything. I live in So. Calif.
Haggerty by all means! Great people to deal with have had them for at least 12 years on numerous cars, just picked up a 39 coupe which i will put their "project" insurance on. Seems the more cars you have with them the cheaper it is, asked them once how they could do it, "you can only drive one car at a time!"
I wish more insurance companies realized this, but even Haggerty and state RMVs don't take it to the logical limit: 5 cars? They give you one set of plates -- put them on the car you are driving today. Pay one insurance premium.
Hagerty charged me $825 a year for a '32 3 window hiboy because they said it was a hot rod. However, any additional cars would be just $125 a year. The agreed valve for the '32 was $45K. Switched to Grundy when I got another car (agreed value for that one was $25K). I paid $825 for both with Grundy.
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