Car insurance for our cars.

[BNCHIEF]

I do not mean this to be a bashing thread so please don't just trying to put together some ideas and a guideline, if good mention it if negative feel free to mention that as well but give reasons why. This is what I am looking at and I know all states have minimums so it depends on where you live. I want to insure the following.

1930 model a (insured with American family valued at 10000 low I know) no mileage limit 98.00 per year.
1919 model t (value 10000, not currently insured or driven)

Tell me what company your with and if better with multiple cars.

Any experience with american modern?
I have used jc taylor, american collectors and american family(they hold all of my other insurance)

Just kind of looking for thoughts and ideas to update with.

[Mickey]

I'm with American Collectors but can't recommend them one way or the other. As you know we can't tell how good they are until we have to use it. Haven't had to do that. Their price is competitive, customer support answered all my questions and they seem to have some flexibility offerings. I chose 5,000 miles yearly using the vehicle for recreation at $179 a year.

[Big hammer]

I haven’t had any claims :-) so really don’t know which is good or bad, using State Farm because two other cars and I have no restrictions with the A as for mileage etc

[Mickey]

You might want to ask about limited milage. It can save you some money and let's face it we don't drive these to work every day. At least most dont. If limiting milage doesn't work out you can always eliminate it.

[BNCHIEF]

I have american family on my A and unlimited mileage.

[1931 Flamingo]

Hagerty, 5K/yr,137$. My roadside is with AAA>
Paul in CT

[Mitch]

Other than the usual mileage and other common things, I find most are underinsured if you carry an agreed value. It should be at least double of what you have into it. This includes labor and things done after the purchase or total investment into the vehicle.

[BNCHIEF]

That is true what it would cost to rebuild it is a lot more.

[slammin]

My regular cars are insured thru AARP with Hartford. When I bought the Tudor, going thru Hartford they hooked me up with American Modern for their collector car policy. Since restoration isn't complete, I have an agreed value of $10,550 and an annual mileage limit of 6,000 miles. Since my Horseless Carriage tag limits me to 4, 000 miles this works out fine. My annual premium is $115 with zero deductible for any covered loss and the usual liability coverage. Haggarty was a little higher and JC Taylor was about 40% more.

[DaWizard]

I have had and continue to have all my insurance policies through AAA. My card says "60 year member" and when I use it they oh and awe. Just got the bill for the A, $173.00, no mileage limit.

[2manycars]

I have used Hagerty for about 30 years. I had JCTayler before that, but they would not insure my hot rod, and Hagerty will. I pay about $500 a year for 4 cars and 2 motorcycles.

[Jeff/Illinois]

Have had Hagerty and Grundy, and the prices were about the same to the dollar. Three antique cars. The thing I didn't understand about Hagerty is, they said you only pay for one Liability rate and with additional old cars on that same policy, you weren't charged Liability. The reasoning was because you 'can only drive one car at a time'. I really didn't see that on the bill, should have called them but never did.

Agreed Value all around. Premium prices depend upon what state you are in (hopefully not drunk I mean what State you are in!) if you are in a large city, or rural, if you have a secured garage, does it have guarded security like ADT or PerMar that sort of thing,,,do you have a sprinkler system, is there a fire hydrant close by, do you have a professional fire department or volunteers, what are the claim histories for you, your general area, do you have earthquakes, tornadoes, wild fires..what is your credit rating have you filed bankruptcy,,, have you ever been sued or did you sue someone in the past, are you a former Felon,,, drug dealer, alien to this country...... it goes on and on so it is difficult to compare actual premium costs. And of course, how much are you requesting for coverage? Big difference between say $10,000 and $70,000 cost of a total restoration at a professional shop.

You will pay a lot more money if you live in East St. Louis with an open lean-to on your half condemned home vs. a gated community in Libertyville, Illinois, the NW suburbs of Chi-cago vs. a small farming community of 500 outside of Morton, Illinois in the heart of pumpkin farmland. And, is it stock or has it been modified? Who did the modifying? Was there welding done on the front end? Who did that? Were the welds X-rayed?? (Went thru this on a '37 Ford pickup we had 30 years ago with a 302, C-6 AT, Mustang II front end.... at that time I had Country Companies and they dropped the coverage on that bad boy like it was a used Kleenex due to all those questions mainly WHO did those modifications were they competent????.)

So in answer to your original question, it is very difficult to compare your situation with others nationwide. Contact Hagerty-Grundy- and other collector car companies with the same coverage you want, and compare apples to apples and make your decision from that. Sorry that's all you can do that will be fair. To you!

[Ray Horton]

Hagerty. About $350/yr for 3 cars, total. Agreed upon value. My cars are older restorations, and all are completely stock. (Average about $15k ea.). No deductible, no mileage restrictions. Good company. A guy hit me a couple years ago, minor damage. I filed a report and estimate, got a check within two weeks, and never heard a peep out of them.

[Mitch]

I remember that incident now that you mentioned it.

[tbirdtbird]

Have had Hagerty for many years, very pleased.
1. they have agreed value.
2. no mileage limit, just don't use it for work.
3. It must be garaged (who would leave a vintage car in the weather anyway)
4. Very easy to deal with. They have insured some weirdo stuff for me
5. have never had any company ask me the kinds of questions like Jeff reports, such as who welded on the front end
6. Minimum valuation 5K
7. Most of their employees have graduated from McPherson college Antique Car Restoration school with 4-yr degrees. These Hagerty people all took the communications pathway (there are 5 to choose from). So they are steeped in old car history etc and know what the hell you are talking about. Not just random employees that walked in off the street
8. $979 for 7 cars and there are some high rollers in there 0 deductible
9. never had a claim can't speak to that issue. Never heard of issues
10. McKeel Hagerty himself is a collector I think that helps the mindset of the company

It never hurts to get a quote

[Jeff/Illinois]

Yeah that was Country Companies, in about 1995, and I had had them since 1971 with never a claim. I had the '37 Ford pickup maybe two years when all of a sudden my agent came by, said CC wanted detailed photos of the engine, and front end, and documentation of all the work and who did it and were they new parts and on and on........... Then I got a notice from them the next week that they were dropping me on the '37 and raising my rates on everything else. .

That turned out to be OK because I found out that they were charging me more than double on car insurance and triple on the house from what Auto-Owners were charging, plus AO gave me better coverage anyway!! I saved a lot of cash by leaving them!! I'm glad that happened!!

I put the antique cars on Hagerty and Grundy, bounced back and forth no real reason to. You don't really save enough to bother. Stuck with Hagerty.

[BNCHIEF]

Thanks Tbird.

[Michael M]

American Modern with no mileage restrictions (just can’t be your primary transport) and agreed value of $22k for $170 year. Haven’t had a claim but their customer service has always been good. They’re a Geico company and I’ve had excellent service on two accident claims over the years.

[Denis4x4]

I've used Hagerty for years and find them to be competitive in their pricing and very knowledgeable. Talked to one of their reps at the GNRS last month about an issue that I have run into. There is a question as to whether your regular carrier that covers your home and regular cars will extend the umbrella coverage to cars insured by Hagerty. She assured me that my current policy will extend that coverage where my previous insurance company would not. Double checked it and she was right. Something to think about if you have an umbrella policy.

[Jeff/Illinois]

Another kinda nice thing about Hagerty is, if you are a preferred member or premium member don't recall which that they call it, you get a pretty nice magazine, was quarterly now it is going to come bi-monthly. Last issue had a neat story about the original Bullitt Mustang from the 1968 flick with Steve McQueen. I enjoyed reading that!!

[tbirdtbird]

ya, that was a good read, wasn't it!

[Jeff/Illinois]

yes it was! I bet Steve McQueen didn't expect that guy to keep the car and turn down selling it back to Steve McQueen. Car is worth millions today

[TOBKOB]

Hagerty...Never a claim, but very good customer service...2 Model A's, a '77 Jeep and a '69 Shelby around $1K annually. Another nice thing in addition to everything mentioned by others is Hagerty will insure a project while it is being restored.

TOB

[Mitch]

I have Grundy for both A's with agreed value.
867.00 annual premium
Lucy has 80,500 & Paul 68,000 agreed w/ 100 ded

I might be a TAD over insured but I rather have to much than to little

[mhsprecher]

Good thread. I have J.C.Taylor and am happy, but never a claim.. All support the hobby, but Hagerty seems the most tuned into us. I should shop my policy around to see if I can do better.

[jordanka16]

It must be my age or something, because I never got a quote under $300, and that's just for 1 car, 25k value.

[JDupuis]

Here in Ontario, you can't get historic/antique insurance for drivers under the age of 25yo.
My Kids were not allowed to drive my $10k Model A , but were allowed to drive my wifes $65k Z4 BMW.
Go figure. .? Jeff

[jordanka16]

That doesn't make sense at all, I think sometimes people arent thinking when they come up with those rules.

[ppilotmike]

I think the state you live in has a lot to do with the premium. I have gotten several quotes from all the major players in the last 6 months, and Hagerty always comes in the lowest. The latest is for the Coupe I am currently trying to buy, 10K 0 deductible $238 a year. Mike

[1931 Flamingo]

ppilotmike: What state are you in?? I'm only paying 137$ for 15K value.
Paul in CT

[ppilotmike]

Michigan

[jordanka16]

I'm not sure what would be so bad about oregon, we dont even use salt on the roads. And I live in a smaller town, not the city.

[Tom Wesenberg]

Back in about 1980 my insurance agent told me it was the insurance companies that pushed for all the salt to be dumped on the roads. Their thinking was they would have fewer claims to pay out. Guess they didn't think about the brake lines rusting away on GM cars.

As far as your rates, I know younger drivers do pay a lot more. I don't recall where the break is, but it might be about 35 years old. I do know that a lot of drivers between 16 and 20 have accidents.

[jordanka16]

I am 28, so I'm pretty sure that is the reason for it, even though I've never had a claim or a ticket in my life, had my license since I was 16.

[BAAP]

i have an agreed value of $25k on my fordor and the insurance is about $175 a year with Condon & Skelly. Never had to put a claim in so i cannot speak to that.

[DaWizard]

Something has troubled me about all these low rates.

How many of you that have posted here have told the insurance company that the car will be parked outdoors AND driven daily?

I know that in the state of Califlower that there are special plates for Historic Vehicles that include ONLY to and from parades and stored indoors too get the best rates for insurance. But I want to drive mine every day.

So, how many have these low rates and told the insurance company that you drive them daily, and park outdoors?

So I don't need to do a search of who is who, why not add a Comment to your post. Please.

[Mitch]

Prob no one, and I bet that can have an effect on an agreed value policy

[jordanka16]

When I filled out my quote, I didn't say I would drive it daily, I have antique plates so technically I cant, but I did fill out that I would use it in that way once in a while, and it would be parked outside all day in that case, maybe that's part of it.

[Tom Wesenberg]

My modern car gets better fuel economy and has power windows, A/C, and automatic, so it's more practical as an everyday car. I wouldn't want to expose my antique cars to rain, salt, and crazy distracted drivers, on a daily basis. My antique cars rack up very few miles each year.

[ppilotmike]

I always tell them it is parked in my garage, because it will be. Historical plates, Michigan allows for unlimited use in the month of August. Mike

[Jeff/Illinois]

You can also get a better rate if you are close to a Fire Dept. or a fire hydrant, a sprinkler system in your garage (yeah like who has THAT!) and a locked garage with a security system like ADT or something similar. And, you don't use a rental garage and have your old cars at home on your primary residence property.

I wonder today, with the Smart Phone apps and personal security systems with video cameras, if a guy couldn't get a better rate with that in place?? May be worth looking into. The Insurance companies I've dealt with seem to be willing to work with you if you can prove security systems and the like on your property.

[copgib]

Jeff who do you have for an insurance agent for your Model A? Hugh