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#372440 - 07/22/16 01:25 PM Classic Car Insurance
styleline51 Offline

pumpjockey

Registered: 11/13/04
Posts: 822
Loc: San Diego, CA
A word of caution to any folks who are moving to a new home with their classic car. I just found out the hard way that Hagerty Insurance will NOT provide a policy in CA if the vehicle is not stored in a private garage. The will not write a policy if the car is in a public garage as in an apt or condo building--even if it's gated with restricted access to a pass key. So be aware!!

Apparently JC Taylor has the same requirement, so be prepared to shell out some hard earned bucks to add your car to your daily driver policy.

Does anyone out there know of any other insurance companies who insure classic cars reasonably??



Edited by styleline51 (07/22/16 01:25 PM)
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#372441 - 07/22/16 01:40 PM Re: Classic Car Insurance [Re: styleline51]
Junkyard Dog Offline




Registered: 11/23/01
Posts: 28629
Loc: Eagle Point, Oregon
As far as I know, that requirement has been in force for years and it is nothing new.

laugh wink beer2
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The Mangy Old Mutt

"If It's Not Junk.....It's Not Treasure!"

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#372443 - 07/22/16 02:46 PM Re: Classic Car Insurance [Re: Junkyard Dog]
canadiantim Offline

Oil Can Mechanic

Registered: 06/26/07
Posts: 528
Loc: Alberta, Canada
How much cheaper is Haggerty?

I've only ever stuck with the same insurance company for all my cars, houses, trailers and motorcycles as they have made claims painless and I really don't see how anyone else could be much cheaper for a stand-alone policy.

I tried to get quotes from a couple companies years back but they wanted yearly appraisals on cars/motorcycles over 10years old which likely negated any potential savings on insurance so I didn't bother getting quotes.

I have used State Farm for 35 years and my 75 Vette and 38 Pontiac are around $375CAD per year so roughly $300USD. They also allow me to suspend some of the coverages over the winter so I end up paying more in the area of $225USD per year per car.

Is Haggerty cheaper than this?
_________________________
1938 Canadian Pontiac Business Coupe (aka a 1938 Chevy Coupe with Pontiac shaped front sheet metal - almost all Chevy!)
1975 4-speed L82 Vette

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#372465 - 07/22/16 07:05 PM Re: Classic Car Insurance [Re: canadiantim]
Junkyard Dog Offline




Registered: 11/23/01
Posts: 28629
Loc: Eagle Point, Oregon
I had State Farm coverage on both my 1951 Chevy and my 1972 Cheyenne, with no collision. I switched to J.C. Taylor on both vehicles (collision included) and my annual premium was less than half of what State Farm was charging me!

laugh wink beer2
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The Mangy Old Mutt

"If It's Not Junk.....It's Not Treasure!"

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#372469 - 07/22/16 08:44 PM Re: Classic Car Insurance [Re: Junkyard Dog]
jiaccino Offline



Registered: 11/25/02
Posts: 3159
Loc: Mostly sunny Tucson, Az
I have Hagerty insurance & one car is insured for 30k & it's 315.00 a year full coverage. It's garaged (required)like the rest of the cars
_________________________
See America's First...Chevrolet

1931 Sedan Delivery 31570
1933 Standard Sports Coupe 33628.
1934 Master Sedan Delivery Canadian 177/34570
1968 Z/28 Camaro
1969 SS 396 Camaro

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#372470 - 07/22/16 08:55 PM Re: Classic Car Insurance [Re: canadiantim]
m006840 Offline



Registered: 11/30/02
Posts: 4706
Loc: merrimack nh
It will depend on the value you choose to insure for as they will charge xx number of dollars per thousand of valuation for collision damage. I switched from State Farm to Hagerty because they would insure a vehicle under restoration and apart . I had great service from the local State Farm agent but the cost for the vehicles before the restoration was started was about 25% more than Hagerty.
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#372484 - 07/23/16 12:11 AM Re: Classic Car Insurance [Re: m006840]
Back Roads Offline



Registered: 04/03/02
Posts: 2922
Loc: Dayton/Beavercreek, Ohio
I switched to Hagerty because they would allow my teen aged Grandchildren to drive our cars. I will say they only drove them on tours with our clubs and my wife and I were in the car. J C Taylor would not allow it.
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Joined June 1961

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#372487 - 07/23/16 01:00 AM Re: Classic Car Insurance [Re: Back Roads]
jaw33 Offline

Backyard Mechanic

Registered: 03/19/05
Posts: 305
Loc: Central New Jersey
Back Roads.....be careful there....I am with Hagerty too.....read the policy carefully.....they don't have an AGE requirement at all BUT THEY DO HAVE a requirement on how many years a driver must have had a permanent license in order to be covered. Careful......very careful.....I love Hagerty....but this clause is almost a "gotcha clause" if you don't read it correctly. I spoke with Hagerty and also received the answer in writing from them. So as an example, here in NJ where a person does not get their permanent license until 17.....they cant drive as an approved and covered driver under the Hagerty policy until they are 22 years old I believe....might be 23.

Jeff
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SEARCHING FOR GOOD QUALITY 1933 CHEVROLET MASTER REAR FENDERS AND DRIVERS RUNNING BOARD!!! AND ORIGINAL TRICO MIRRORS FOR SIDEMOUNTS. ALL LEADS APPRECIATED.

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#372503 - 07/23/16 01:27 PM Re: Classic Car Insurance [Re: jaw33]
styleline51 Offline

pumpjockey

Registered: 11/13/04
Posts: 822
Loc: San Diego, CA
I agree with Mo68. The nice thing about Hagerty was they would insure a car undergoing or partially restored so you can still drive it. I had a policy for 8K value and paid $144 a year. A real savings compated to $540 a year from State Farm with only Liability coverage. Now I have no choice as I lost my "secure storage." Both Hagerty and JC Taylor will only insure if you have private secure storage, so folks in apts or condos are out of luck unless you have a storage locker.

Also buyer beware. I moved and still had my old policy in force for VT and guess what??Unknown to me I'm driving uninsured because my VT policy is NO GOOD for CA!! Good thing I checked with them. Happy to take my money for no coverage!!


Edited by styleline51 (07/23/16 01:31 PM)
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#372505 - 07/23/16 02:28 PM Re: Classic Car Insurance [Re: styleline51]
Junkyard Dog Offline




Registered: 11/23/01
Posts: 28629
Loc: Eagle Point, Oregon
Quote:
The nice thing about Hagerty was they would insure a car undergoing or partially restored so you can still drive it.


J.C. Taylor has the same deal as well.

I just looked at my policy and for full coverage on three cars my premium for all three cars combined is $227 per year.

laugh wink beer2
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The Mangy Old Mutt

"If It's Not Junk.....It's Not Treasure!"

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#372639 - 07/26/16 12:52 PM Re: Classic Car Insurance [Re: Junkyard Dog]
styleline51 Offline

pumpjockey

Registered: 11/13/04
Posts: 822
Loc: San Diego, CA
You're lucky to have "acceptable" storage. Count your blessings, j.d.. The rest of us poor unfortunates have to pay the ransom to the big insurance boys. I did. At least I'm back on the road with my new CA insurance card. But hey--I got 96 bucks off a year now with my big multi-car discount!!! yay
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#372649 - 07/26/16 03:13 PM Re: Classic Car Insurance [Re: styleline51]
Junkyard Dog Offline




Registered: 11/23/01
Posts: 28629
Loc: Eagle Point, Oregon
"Acceptable" storage is just a plain old enclosed garage. Most old car dudes have at least one of those. bigl bigl

Anyway, I can see the point of the insurance companies that insure antique vheicles because they don't want a valuable vehicle sitting out in the open where something could happen to it and the car would be easier to steal. I feel the same way....I want my old cars inside and locked up where they are safe. Even our daily driver modern car is inside when not in use.

laugh wink beer2
_________________________
The Mangy Old Mutt

"If It's Not Junk.....It's Not Treasure!"

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#384623 - 02/25/17 02:27 AM Re: Classic Car Insurance [Re: Junkyard Dog]
CallMeChris Offline
Grease Monkey

Registered: 02/21/17
Posts: 18
Loc: Arkansas
To bump this, does anyone have anything to add? I'm shopping around for insurance for my 48 now, hagerty is saying the car won't be covered if I travel out of town for a weekend and stay in a hotel...they do say that I can have my 15 year old son added to the policy when he turns 16 but that doubles my premium. Farm bureau on the other hand is refusing to insure it at all unless I go have an appraisal done that I pay for.

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#384625 - 02/25/17 03:39 AM Re: Classic Car Insurance [Re: CallMeChris]
Chev Nut Offline




Registered: 01/08/02
Posts: 24989
Loc: West Allis,Wi.
Did you check with J.C. Taylor? I have had them since 1972. Had one small claim which they took care of with no problem.
They don't insure street rods or modifieds I think.
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#384628 - 02/25/17 04:08 AM Re: Classic Car Insurance [Re: Chev Nut]
CallMeChris Offline
Grease Monkey

Registered: 02/21/17
Posts: 18
Loc: Arkansas
I didn't check with them, just hagerty and my insurance company for everything else I own. The 48 is slightly modified though so they probably wouldn't be a good fit for me.

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#384630 - 02/25/17 04:52 AM Re: Classic Car Insurance [Re: CallMeChris]
Uncle Ed Offline

1000

Registered: 08/30/06
Posts: 1324
Loc: Iowa
I would check with J.C. Taylor and tell them the modifications, they may take it. I am pretty sure that they will insure muscle cars like GTOs etc. Might be worth a phone call.
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#384631 - 02/25/17 06:40 AM Re: Classic Car Insurance [Re: CallMeChris]
Junkyard Dog Offline




Registered: 11/23/01
Posts: 28629
Loc: Eagle Point, Oregon
I have had J.C. Taylor for decades and they have three of my old Chevrolets on one policy and the premium is very inexpensive compared to a regular insurance company for the same coverage.

laugh wink beer2
_________________________
The Mangy Old Mutt

"If It's Not Junk.....It's Not Treasure!"

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#384635 - 02/25/17 01:39 PM Re: Classic Car Insurance [Re: Junkyard Dog]
jaw33 Offline

Backyard Mechanic

Registered: 03/19/05
Posts: 305
Loc: Central New Jersey
Be very very careful here everybody. 28 yr Insurance Industry veteran here . We all love our insurance coverages on our classics when the premium is so low, the reps are so pleasant, and we have no incidents or claims. But dont play word games with the policies as in the end it is the letter of the contract that dictates if and what they will pay. Confirm ALL discussions in writing too so nothing was misunderstood by you or them. Take Hagerty as an example or JC Taylor for that matter.....these are Antique Auto policies not daily driver policies. Going on a vacation or long weekend trip with your classic would not be covered. But stay overnight at a hotel out of town as part of a bonafide car show journey and these policies generally do cover you as long as you don't exceed se limits you agreed to for that policy years coverage.....like mileage. It's really not a game of gotcha but it is a matter of what you accepted and paid for in your written policy.

I like Hagerty. They put it all in writing and its clear. They use agreed value which is very fair. They allow occasional pleasure driving and just not daily driver use. And their mileage requirements are simply about stating your anticipated usage annually. I've got 5 cars with them at full replacement value with full roadside/towing service for ALL my cars, and parts and tool coverage all for basically $1,000/yr.

Jeff
_________________________
SEARCHING FOR GOOD QUALITY 1933 CHEVROLET MASTER REAR FENDERS AND DRIVERS RUNNING BOARD!!! AND ORIGINAL TRICO MIRRORS FOR SIDEMOUNTS. ALL LEADS APPRECIATED.

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#384637 - 02/25/17 02:23 PM Re: Classic Car Insurance [Re: jaw33]
jiaccino Offline



Registered: 11/25/02
Posts: 3159
Loc: Mostly sunny Tucson, Az
I've had Hagerty for years. Never had a claim. Just follow the rules...Joe
_________________________
See America's First...Chevrolet

1931 Sedan Delivery 31570
1933 Standard Sports Coupe 33628.
1934 Master Sedan Delivery Canadian 177/34570
1968 Z/28 Camaro
1969 SS 396 Camaro

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#384652 - 02/25/17 05:35 PM Re: Classic Car Insurance [Re: jaw33]
Chipper Offline




Registered: 11/22/01
Posts: 16632
Loc: The Great State of TEXAS
I have had old car insurance for over 40 years and three different companies. Currently have Hagerty. Had one claim due to shop fire. They were more than accommodating. Have friends that also have Hagerty with a few claims. In all cases they have been very easy to deal with and fair settlements.

We attend several tours each year and occasionally an extended trip with our old Chevys. We notify them if we think we will exceed our annual mileage and they give permission plus put a note in our record.
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How Sweet the roar of a Chevy four!

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#384654 - 02/25/17 06:22 PM Re: Classic Car Insurance [Re: Chipper]
chef-chevy Offline



Registered: 05/11/02
Posts: 3578
Loc: seattle,wa.
I have been happy with Hagerty for years as well

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#384670 - 02/26/17 02:07 AM Re: Classic Car Insurance [Re: chef-chevy]
63novaandy Offline

Shade Tree Mechanic

Registered: 08/27/12
Posts: 146
Loc: Sylvania, Ohio
We have Hagerty on all our cars. Mom and dad had first switched to them when dad bought the enclosed trailer because they would cover what ever car is in the trailer and the trailer it self (some do not) then when I got my temps they had it in writing that as long as my parents or grandparents (the ones on the policy's where in the car I was covered) then when I got my license at age 16 it was promisive use with the cars. We have had two claims over the years and no issues at all. Plus they insure my 2006 GTO under (exotic car/specialty car) since we have so many with them and I am about able to prove I've only put 300 miles on it in 5 years
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Andy Jurski #42092
Family collection:
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