Which Insurance company do you use

[maldo]

Hi guys which insurance do you guys use for your cars. and what are your rates.

The car i want to ins is a unrestored 1980 z/28 .....

[Tony_SS]

Hagerty here.

[Magntik]

Just got the paperwork in the mail for my new "Chrome" Specialty Car policy with ANPAC.

Saw these guys at Good-Guys show in Des Moines.

Sounds like a good deal
-Stated Value Coverage (minus deductible if total loss)
-10,000 miles annually
- $500 Spare Parts Coverage

Only potential downsides are
- have to have my daily driver insured with them (comparable cost/coverage to old Company.)
-Not covered if used in racing, display of speed/power or timed events.
- Nitrous automatiaclly cancels policy!!! LOL

[maldo]

Just got the paperwork in the mail for my new "Chrome" Specialty Car policy with ANPAC.

Saw these guys at Good-Guys show in Des Moines.

Sounds like a good deal
-Stated Value Coverage (minus deductible if total loss)
-10,000 miles annually
- $500 Spare Parts Coverage

Only potential downsides are
- have to have my daily driver insured with them (comparable cost/coverage to old Company.)
-Not covered if used in racing, display of speed/power or timed events.
- Nitrous automatiaclly cancels policy!!! LOL

that was funny about the Nitrous comment lol


btw what do you pay a year

[maldo]

Hagerty here.

what do you pay a year what type of coverage do you have

[Bishop73]

Will be getting classic car coverage through Geico (like my other cars) with 6000 mi a year. Think my wife told me $200 for the year??

[silver69camaro]

-Stated Value Coverage

That's your biggest downside. Never would I do that! I'd seriously consider an agreed value policy.

Hagerty is what I have, Grundy is another good one. A search would reveal lots of info here.

Hagerty's premium per year for modifieds seems to be about 10% of the agreed value.

[Quickstreet]

I pay less than 200.00 per year per car for agreed value.

[jknight16]

I think Matt might mean 1%...

[silver69camaro]

I think Matt might mean 1%...

Oops.

[jknight16]

Oops.

No worries. That's an interesting way of estimating it though, I hope it holds true for mine...

[ProdigyCustoms]

Heacock Agency is the best deal by far. I cover (2) cars for $150K EACH and pay less then $1500 total for the pair, less then $750 each. I pay $400 for another at $50K. Now i do get a repeat customer discount and a multi car discount, but even without those discounts they are cheaper. Also, Grundy and Hagerty would not touch my street racer with nitrous and roll cage! I am allowed to drive them 3000 miles a year each, and it covers them even at the drag strip or autocross as long as it is not DURING the actual race. So that means they are covered in the trailer, parking lot, pits, even the staging lanes. I only lose coverage the second I pull on the track for the run until I exit the track. Once I am on the return road, I am covered.
Also, I have worked repair claims for Heacock customers including fire and body damge, and they have always paid our estimate without challenge.

http://www.heacockclassic.com/site/

Tell them Frank from Prodigy Customs sent you

[jknight16]

Just keep in mind that you have to be at least 30 years old to be covered by Heacock. At least that's what their quote system indicates.

[Larry Callahan]

Frank, I think I need to call them. Right after I sent my car to you I dropped my liability policy with the plan to start a new one with some company other then AAA. 2 days ago I get a letter from the DMV saying they are revoking my registration because the car is not insured.

[Midnight68]

All the good classic car companies with agreed value policies suck, try getting them to give you $40k plus on a car if you are under 25 they pretty much laugh at you.

[71chevelle90]

I definitely agree with midnight68 I bought my 71 Chevelle at 17 and have gone through my parents to cover it. That is the only way I could afford to have insurance on my car. Anyone under 25 is getting screwed by the insurance companies because they all think we are gunna wreck every car we get or get a bunch of speeding tickets. I've had the car for over a year now and haven't had any claims or tickets on the car yet my insurance keeps going up!

[ProdigyCustoms]

Just keep in mind that you have to be at least 30 years old to be covered by Heacock. At least that's what their quote system indicates.

25 years old actually on our policy. Since Michael still lives at home he had to sign paperwork stating he knows he cannot drive the cars on that policy. If he did take one of the cars out and caused a accident that was his fault our insurance company would not pay for either car in the accident repairs.

I do not think there are any insurances companies that will cover someone under 25 on a stated value policy

[camcojb]

All the good classic car companies with agreed value policies suck, try getting them to give you $40k plus on a car if you are under 25 they pretty much laugh at you.

The only good policies are agreed value for the older non-daily driver muscle cars. It's unfortunate about the age limits in your case.

If you want to know what sucks, get a stated value policy for $40K on a car (thinking you're insured for $40K), and then find out they won't pay that much when it's totaled or stolen because they can find "comps" to your car for much less than your $40K "stated" value...................

Jody

[maldo]

what about aftermoarket parts and cusom work do they cover stuff like that?

[trapin]

Maldo, whatever you do...stay away from any policy that says "Stated Value". Also, you should NEVER insure your classic car with a major Insurance company like AAA, State Farm, All State. They specialize in "Actual Cash Value" policies (like what you have on your daily driver). If they ask you for an appraisel (like State Farm will for their collector car insurance) what they're trying to sell you is a "Stated Value" policy. What that mean is, if you're car is appraised at $50,000...that $50K is only the threshold of what they'll insure your car for. If the car is ever stolen they will still open up the books to make their own determination of what your car is worth. If they determine that it's actually worth $60,000, they're only obligated to give you $50K. If they determine that it's worth $25K...then guess what...you're getting $25K. Stated Value policies are BAD news. You always want to make sure you are getting an "Agreed Value" policy NO MATTER WHAT.

Myself I have Hagarty Insurance.