Collector Car Insurance
#2807551
08/11/20 07:05 AM
08/11/20 07:05 AM
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Joined: Jan 2003
Posts: 3,849 N.E. Ohio
6bblFLASH
OP
master
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OP
master
Joined: Jan 2003
Posts: 3,849
N.E. Ohio
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Did some reading on car insurance and am not finding what I thought I would find. Looking to insure a 68' Plymouth resto-mod. Stated value $35,000. Getting quotes from 500 to 800 yearly. See countless people on here and other sites " 68'Charger $75,000. policy---$193.00" with XYZ insurance. "
Any idea how they are getting such a lower rate? And ... clean license , over 50, never an accident, same home 36 years. Out in the country...no high risk area etc...
70` Cuda`,440 6BBL Jerico,Dana 4.56 Still on 93 Pump Gas 9.87 @ 136/1.31-60ft.`09 Mopar Nationals PASSON PERFORMANCE "Stick-Shift" Champ! 2013 StickShift Challenge Winner@ Mopar Nationals!
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Re: Collector Car Insurance
[Re: Andrewh]
#2807576
08/11/20 08:29 AM
08/11/20 08:29 AM
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Joined: Jan 2003
Posts: 3,849 N.E. Ohio
6bblFLASH
OP
master
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OP
master
Joined: Jan 2003
Posts: 3,849
N.E. Ohio
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I have entered the information in the quote as stock,modified even 6 cylinder STOCK. Not much difference in price. 6 different times that I can remember . Brothers car ,street/strip modified. 271 per year. Friends Z28 street/strip.291 per year. You would think I was a DUI fellon.
70` Cuda`,440 6BBL Jerico,Dana 4.56 Still on 93 Pump Gas 9.87 @ 136/1.31-60ft.`09 Mopar Nationals PASSON PERFORMANCE "Stick-Shift" Champ! 2013 StickShift Challenge Winner@ Mopar Nationals!
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Re: Collector Car Insurance
[Re: 6bblFLASH]
#2807591
08/11/20 09:49 AM
08/11/20 09:49 AM
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Joined: Jan 2003
Posts: 8,460 Highland, MI.
Sunroofcuda
master
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master
Joined: Jan 2003
Posts: 8,460
Highland, MI.
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Give Grundy a call. Let them quote your daily drivers too along with this.
BTW, GREAT looking RR!
Last edited by Sunroofcuda; 08/11/20 09:49 AM.
No Man With A Good Car Needs To Be Justified
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Re: Collector Car Insurance
[Re: Sunroofcuda]
#2807603
08/11/20 10:20 AM
08/11/20 10:20 AM
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Joined: Jan 2005
Posts: 8,343 Crook County, ILL
Mastershake340
master
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master
Joined: Jan 2005
Posts: 8,343
Crook County, ILL
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Give these guys a call (actually mostly gals, the agency is female owned), they specialize in collector car insurance and shop around for best rates for clients. They got me a policy for my vintage cars that is around half what Hagerty was quoting when I checked their rates. Though it appears Hagerty recently bought out my insurance company's collector car business and have bought several others recently too, so I am worried they may soon completely own that market and I may be stuck with their high rates! Maybe they'll mail me their Hagerty magazine at least and save me having to pick up copies from agents who have booths at car shows... https://www.rallyinsurance.com/
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Re: Collector Car Insurance
[Re: Mastershake340]
#2807627
08/11/20 11:35 AM
08/11/20 11:35 AM
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Joined: Jan 2008
Posts: 758 Rochester, PA (near Pittsburgh...
1974 474 Duster
super stock
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super stock
Joined: Jan 2008
Posts: 758
Rochester, PA (near Pittsburgh...
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I just got new insurance for my 68 Road Runner. Malagise insurance (724)770-0101 ext. 19 (Chris) For a year at $20,000 was $195 yearly through American Modern insurance. Give them a call may be able to help you out. My policy allows for 3,000 miles a year of pleasure driving See ya, Ken
Last edited by 1974 474 Duster; 08/11/20 01:28 PM.
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Re: Collector Car Insurance
[Re: 6bblFLASH]
#2807638
08/11/20 12:00 PM
08/11/20 12:00 PM
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Joined: Jul 2003
Posts: 3,472 Newburgh, NY
Old_Moparz
master
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master
Joined: Jul 2003
Posts: 3,472
Newburgh, NY
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Here's a copied & pasted reply from a similar topic on another site but it's still relevant. I may need to adjust the values this year but I haven't been driving them so there less risk involved. I'll admit that I've never had to file a claim so I don't know how well the company is when it comes to settling an issue. I'm in NY State, too. I'll do my infomercial now. I've had the same company since 1989, Condon & Skelly, & started out with just one car, my Satellite convertible on the policy for $55 per year for $2500 value. That price went down to $45 when the car turned 25 years old. I added more over the years, & adjusted the value of each one as the market changed. Right now I have 5 cars on the policy ranging in value from $2500 for the rough Coronet convertible project, up to $18,000 for my Road Runner. The premium for all 5 cars for one year, with full coverage that includes liability, comprehensive, collision, fire, theft, vandalism, glass, spare parts, & some more, is $360. That's cheaper than one rust free fender at a swap meet. They have to be in a locked garage & you must have a daily driver that they want the VIN of as proof. It doesn't matter if it's stock, modified, a finished car, a project, disassembled, or whatever stage it's in, all they need to know is that you are restoring it & that you supply photos of it.
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Re: Collector Car Insurance
[Re: DusterKid]
#2807705
08/11/20 02:08 PM
08/11/20 02:08 PM
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Joined: Jun 2003
Posts: 21,788 It's a dry heat
gtx6970
Too Many Posts
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Too Many Posts
Joined: Jun 2003
Posts: 21,788
It's a dry heat
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great timing on a post.
I will be shopping for insurance here soon for a classic car .
And wanting agreed value. not sure I trust the stated value part
Im thinking 65K on the car . But haven't had classic car insurance in nearly 10 years . So Ive been out of the loop for a while now
EDIT,,,, Just got this via the Hagerty website
$661 doesn't sound bad and its more than I feel the car is worth ,,,slightly
Last edited by gtx6970; 08/11/20 02:12 PM.
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Re: Collector Car Insurance
[Re: 6bblFLASH]
#2807879
08/11/20 09:58 PM
08/11/20 09:58 PM
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Joined: Feb 2003
Posts: 1,115 Massillon, Ohio
cudatom
super stock
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super stock
Joined: Feb 2003
Posts: 1,115
Massillon, Ohio
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Dennis I have my Wagon thru Hagerty. Right now its for 25k but will up it to 30k on renewal. You are way low on your evaluation for your car. My policy is around $400 per yr. No deductible. I have no problem with that amount.
Ok
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Re: Collector Car Insurance
[Re: second 70]
#2807889
08/11/20 10:21 PM
08/11/20 10:21 PM
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Joined: Jan 2003
Posts: 10,863 Freeport IL USA
poorboy
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 10,863
Freeport IL USA
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I have my Cuda insured for $94,500 stated coverage with American Family and it's $241.50 a year. Only have to drive under 10,000 miles a year no other restrictions. Agent says they basically give you a year policy for the 6 mth price because they know they don't get driven that often or in bad weather. I do hope you fare better then my son did with American Family classic car insurance. He had a 57 Dodge wagon with a 5.7 Hemi insured with them. The car wasn't finished, and had an agreed value of $10,000. The car was at a shop getting exhaust fixed and got caught in a flash flood. The car was covered by the shops insurance, but the adjuster told my son he would probably get his money faster through his company, then the shop insurance would reimburse my son's company. My son filed a claim with American Family and it took 3 weeks for their adjuster to show up, after the car was out of the water. Then they tried to tell my son the car wasn't worth the $10,000 agreed price and all they would give him was $5,000 for it. We ended up calling the IL State Insurance Commissioner to get the agreed value amount paid! We had to call the Commissioner a second time to be able to buy the car back. All told, it took nearly 3 months to get his money, and that was only because of another threatened call to the Insurance Commissioner. The sad part was American Family was going to get back what ever they paid out. Good luck with American Family Classic Car Insurance! If you ever have a claim, your going to need it. Gene
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Re: Collector Car Insurance
[Re: poorboy]
#2808067
08/12/20 12:32 PM
08/12/20 12:32 PM
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Joined: Feb 2014
Posts: 1,736 central il.
second 70
top fuel
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top fuel
Joined: Feb 2014
Posts: 1,736
central il.
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I have my Cuda insured for $94,500 stated coverage with American Family and it's $241.50 a year. Only have to drive under 10,000 miles a year no other restrictions. Agent says they basically give you a year policy for the 6 mth price because they know they don't get driven that often or in bad weather. I do hope you fare better then my son did with American Family classic car insurance. He had a 57 Dodge wagon with a 5.7 Hemi insured with them. The car wasn't finished, and had an agreed value of $10,000. The car was at a shop getting exhaust fixed and got caught in a flash flood. The car was covered by the shops insurance, but the adjuster told my son he would probably get his money faster through his company, then the shop insurance would reimburse my son's company. My son filed a claim with American Family and it took 3 weeks for their adjuster to show up, after the car was out of the water. Then they tried to tell my son the car wasn't worth the $10,000 agreed price and all they would give him was $5,000 for it. We ended up calling the IL State Insurance Commissioner to get the agreed value amount paid! We had to call the Commissioner a second time to be able to buy the car back. All told, it took nearly 3 months to get his money, and that was only because of another threatened call to the Insurance Commissioner. The sad part was American Family was going to get back what ever they paid out. Good luck with American Family Classic Car Insurance! If you ever have a claim, your going to need it. Gene I should have added I had to have a certified appraisal with pictures accepted and then agreed on to get the $94,400 added endorsement. I also have letter confirming they will pay the full amount if it's a loss.
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Re: Collector Car Insurance
[Re: poorboy]
#2808315
08/13/20 08:17 AM
08/13/20 08:17 AM
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Joined: Aug 2003
Posts: 5,025 new jersey usa
11secdart
master
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master
Joined: Aug 2003
Posts: 5,025
new jersey usa
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For years i have hard no insurance on my 68 Dart race car, my wife for good reason had always been after me to get it insured. A few years ago Heacock had a booth at Carlisle , I talked to them and now have my Dart and my 92 D150 insured with them for a little less than $400 a year. The Dart being a race car it is covered everywhere except on the track , my D150 which I rarely drive was $900 a year on my regular N.J. car insurance policy. I just renewed a few weeks ago and the actual insurance company is American Modern.
68 Dart 410 / 904 92 D150 original owner 21 Ram 1500 Quad Cab, Big Horn , Hemi ,4x4 23 Audi Q5 16 Honda HRV
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Re: Collector Car Insurance
[Re: 11secdart]
#2808397
08/13/20 11:53 AM
08/13/20 11:53 AM
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Joined: Jan 2003
Posts: 3,427 PA
PLATINUM6BBL
master
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master
Joined: Jan 2003
Posts: 3,427
PA
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My insurance for the A12 RR and 74 Challenger Rallye 360 is through M&K Agency who uses American Modern. RR has an appraised value policy at $116k and the Challenger is agreed policy at $28k. Combined they are $582 per year.
1969-1/2 A12 LOH Road Runner A4 w/ M6S 13.34 at 104 PSMCDR 9/06 in Mopar Action 8/07 12.95 at 105.94 F.A.S.T. 11/06
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Re: Collector Car Insurance
[Re: Old_Moparz]
#2811298
08/20/20 08:46 PM
08/20/20 08:46 PM
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Joined: Jan 2003
Posts: 3,704 MICHIGAN
DynoDave
master
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master
Joined: Jan 2003
Posts: 3,704
MICHIGAN
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I've had the same company since 1989, Condon & Skelly... That's the only collector policy I've ever had. Been 6 years now. Rates are far better than Haggerty for me. Others could complete on price, but had restrictions that C&S did not.
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Re: Collector Car Insurance
[Re: 6bblFLASH]
#2811302
08/20/20 08:56 PM
08/20/20 08:56 PM
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Joined: Dec 2007
Posts: 20,339 Puttin' on the foil in Charles...
not_a_charger
Mr. Big Shot Moparts Moderator
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Mr. Big Shot Moparts Moderator
Joined: Dec 2007
Posts: 20,339
Puttin' on the foil in Charles...
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Any idea how they are getting such a lower rate? No one here can answer that. What you are quoted has nothing to do with what anyone else is quoted or is paying. There are far too many underwriting variables involved. Some companies are better than others at underwriting, too. The only accurate way for you to know who will give you the best rates is to shop around and get quotes for the exact same coverages from multiple companies.
Earning every penny of that moderator paycheck.
DBAP
"They don't think it be like it is, but it do." - Oscar Gamble
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