Car Insurance??

[jimhamptons]

I have a question on obtaining decent insurance on a pro-touring car.

When I had my 69 z28 that was in original condition and an agreed value of $40,000 my premium was $325 a year.

Now, quoting me on a pro-touring car that will be in my possession soon, they have quoted me at $1,162 a year. Seems a little high.

Anyone have any suggestions??

[rockdogz]

Where's the quote from? I had heard of Hagerty and was going to get a formal quote from them. From their on-line quote, a $65K vehicle would be $984 per year for me. It varies depending on what you put into the form though - $1702 for 2-3 points in last 3 years, or $1942 if you were 21 and had only been driving for 5 years, etc.

[jimhamptons]

Clean license here...................................for now:icon_razz

I guess it is not out of line then. Hagerty requires that their coverage is the same as your primary auto insurance, which I have with Allstate. Maybe that's why it is higher than I thought it would be.

[Bill Howell]

I recently changed my "toys" over to Hagerty. They were at Barrett Jackson and very helpful with info. The good news was they saved me a ton on my two original type cars-camaro and vette. The bad news was the malibu with is a MILD attempt at Pro-Touring was as much per year as the other two cars combined.
Please remember to be very up front with whoever you deal with so they understand exactly it is you have. You would much rather get the bad news now than after you have a accident and discover they are renigning on coverage because you failed to mention the twin turbos or the new frame setup. My malibu has a brake upgrade, new motor and transmission and new wheels and it still is considered modified. I think the insurance on it still was 400 a year but then I am a old man with a clean record....

[fastburn430]

Insurance companies seem to charge more for "modified" than for original. Check out Grundy insurance. They have an online quote system and was a little over $400 for 20K value, 100,000 liabilty for my modified Mustang.

[Kinred]

How many of you have insurance on your car while it's still in the project stage?

[jimhamptons]

Just got off with Grundy and they quoted me at $517 a year. I explained the car pretty well, but all the person at Grundy seemed to care about was the agreed value. They are sending out a package today.

[dhardison]

With Grundy make sure that price includes comp & collision and NOT JUST liability. Been there, done that.....

Dan

[ViperBlue68]

I tried to get a quote from Hagerty but they declined me because of a DUI I had six years ago...it will be off my record completely in October this year does anyone know of a classic car insurance that would still consider insuring me? or am I stuck waiting till Oct?

[rockdogz]

Anyone have good/bad experiences to share? For a comparable quote on a $65K agreed value, the Hagerty quote was almost double. They said it was because they don't charge extra for modifications on vehicles valued at over $25K. Any 'gotchas' from Grundy customers? (Yes, I double checked about Liability, thanks Dan - it's in there).

[MuscleRodz]

Since you guys are talking to the insurance companies, do you know if they have any mileage restrictions? I know one company don't but can't think of the name right now. I want no mileage restrictions and agreed value at a minumum. Also some insurance companies highly frown on roll bars and some won't insure if you have one in your car. Something about racing it they don't like.

Mike

[rockdogz]

The Grundy brochure says unlimited mileage, and although I'm not sure about Hagerty, they both want to know how many miles you'll be putting on and for what purposes. Neither one seems to have a problem with the roll cage, but the Grundy policy does say that the premium quoted is based on the vehicle not being used for any rally gymkhana (wtf is that?), speed contest, race or timed event of any kind.

[USAZR1]

Sneed Insurance was at the NSRA SW Nationals in Oklahoma City last weekend. On my 69 El Camino with $100K liability and $20K stated value,they quoted me a premium of $287/year. No mileage or other driving limitations. I think I'm going to give them a try.

[protour_chevelle]

Sneed Insurance was at the NSRA SW Nationals in Oklahoma City last weekend. On my 69 El Camino with $100K liability and $20K stated value,they quoted me a premium of $287/year. No mileage or other driving limitations. I think I'm going to give them a try.

100k liability? Sheesh. minimum in Alberta is 1 million(for average people). Some have 2 mill.

-Matt

[shanekennedy]

Since you guys are talking to the insurance companies, do you know if they have any mileage restrictions?

i think instead of mileage, they restrict you on where you can/can't drive. no driving to work or to run errands, only joy rides & car show trips. & you usually have to own a garage.

[Rick Dorion]

My roll bar put me in the modified category with Haggerty which jacked my premiums 50%. Still, I find them easy to work with, have had them 5 years and also have their premium towing package.

[Hartz]

You might want to try Aon, too. My Camaro is with them and I have been mostly happy, although my premiums went up a bit this year.

I liked Aon because there are almost no goofy mileage or usage restrictions. If it's a nice day out and you want to take it to work - go for it. No problem. Want to participate in the Power Tour and run up your milage for a year? No problem. I liked that flexibility.

[rob07002]

I've had Grundy for a year now and they seem fine to me $30k stated value for like $280 a year (unmodified for now). Unlimited mileage and I think $250k liability with comp/collision. Very easy to work with, but can't say how they are if and incedent happens. You might want to try MetLife, my buddy has it on his 68 442 modified and gets a pretty good rate. He told me they are trying to break into the special insurance mkt and might be more aggressive to get your biz.

[Neil B]

I use Grundy and I agree with the others that all they really care about is the agreed value. My policy specifically states that the vehicle may be used for 'exhibition' purposes only and that the vehicle may not be used in 'racing or speed contests'. Claims tied to track events, grocery runs, work days, etc. would all be issues under my policy. You must also prove that you have another car for each member of the household.

[rockdogz]

Hmm, Aon looks pretty good - a little more than Grundy but without the strict use restrictions... as long as it's not a daily driver it seems.