VCCA Home Forums GENERAL DISCUSSION General Discussions Antique Auto Insurance

There is a lot of discussion about not having younger members and this may be part of the reason.

At the last board meeting of the Ohio Region Of AACA it was pointed out that some of the Antique Auto Insurance companies will not insure a person under 25 years of age.

I will not name names but I am changing my carrier so my grandchildren can drive my cars. I had one granddaughter drive our 74 Nova on a tour the week she got her license.

I let our two sons drive our 31 in parades and such when they were in high school only to find that my insurance did not cover them on my antique policy.

If you have children or grandchildren driving you should check with your agent.

Happy Motoring and see you down the Back Roads.

Interesting.
I thought the car and principal driver was the insured.
I also think that if your kids living in the same houshold drive any of your cars they are covered.
Yes or no?

I AM SUGGESTING YOU CHECK WITH YOUR AGENT. I WANTED COVERAGE IF MY GRANDCHILDREN DRIVE MY CARS. OUR TWO SONS ARE 44 AND 46 SO THAT IS NO PROBLEM.

SEE YOU DOWN THE BACK ROADS.

The operative phrase here is

In fact it's a good idea to find out where whatever the agent SAYS is WRITTEN in the policy, or ask them to write a letter that SAYS what they said.

I did, before hand, and it saved my bacon.

Bill.

By mistake I put this string in the wrong location. It should be in General Discussion. It someone with the know how would move it I will appreciate it.

Thanks and see you down the Back Roads

Now Bill you missed a "d" & then edited, Tut! Tut!
Give yourself a ticket.


Kipper

A friend of mine who is an old car guy and a lawyer also teaches an adult ed class on antique car insurance and their costs, coverage, etc. He tells me that the companies change the coverage of the policies so often that everyone needs to review their policy every year. He changes companies about every year because of that.

I've had two companies over 30 years.

I've turned in two claims in that time.

Both were paid promptly and without any hassles.

I have nothing but good things to say about both of them.

Bill.

Been with Hagerty for years now...a friend of mine had no problem with a claim with them...

However I have not compared rates, coverage with other companies in all these years...maybe I should.

You don't always want the cheapest when it comes to insurance. I just switched to Hagerty.

See you down the Back Roads

You find out how good your insurance is when you make a claim.
I was insured with one of the top companies in the UK, 3 cars, 2 homes, business, liability + other stuff & had been with them for years.
My mobile w/shop was broken into on site & they wriggled out of making a payment, less than $1000
The regonal manager wondered why he lost all my business.
My new insurance company, 15 years, settled my only ever other claim in 4 days.

kipper

This is an old thread, but I am a new owner of a 1937 Master Deluxe.

I have always had State Farm Insurance and have never had a problem with them. As my antique car is currently not drivable, I have a comprehensive policy that is only $25/6 months. I have spoken to my State Farm agent about a policy for the car. We have to agree on a defined value for the car and then they will provide a policy, but their "antique" policy has a limit of 2,000 miles per year. If I exceed that, then I need a regular policy. 2,000 miles per year may be okay, I just don't know at this time.

I have an online quote from Hagerty and Classic Auto Insurance. They are both about 2/3's of the State Farm quote and they both allow 5,000 miles/year.

I was wondering if anyone has any comments on these companies or experience with claims with either of them. Also, any other companies that I should check with.

Thanks,

Rich

I had State Farm coverage on my old cars and I dumped them and went to J.C. Taylor. My rates were cut by half and my coverage was increased. Insuring an antique car with a conventional insurance company such as State Farm is not the way to go. J.C. Taylor or Hagerty are both good to deal with.

Grundy Collector Car Insurance is another company to check into and I believe that they don't have any limitations on the number of miles driven per year.

:) :grin:

I've had Hagerty for about 4 years. Rates are reasonable and JYD is correct about not insuring with a conventional insurance company....just too expensive and too many restrictions....they just aren't geared to deal with antique/collector cars. I had a small claim with Hagerty last summer and it was taken care of over the phone very promptly. All I had to do was email a few photos and fax an estimate.

Good luck.

I had J C Taylor for years. The only problem was communication. I switched to Hagerty. Better coverage no more money better communication.

Thanks for the comments.

I just got a quote from Taylor and they were the lowest, but I can's use them. I can't accept one of their conditions.

"I agree that my vehicle(s) will be used mainly in exhibitions, club activities, parades and other functions of public interest and will not be used primarily for the transportation of passengers or goods."

The paragraph above does not describe my use of the vehicle, I think that I will go with Hagerty; good rates and no negative comments.

Thanks,

Rich

Do you plan on using it for a daily driver in place of you modern car?

I have three cars insured with Hagerty but have never had a reason to file a claim. The price for full coverage is less than Liability only that I had with State Farm. I have had all my modern cars and home insurance with State Farm for over fifty years but as Mr Dog said I know from experience that they aren't the best choice for Antique or Modified cars.

Several of my friends have changed from Hagerty to Grundy in the last few months due to the difference in cost.

DD

I had JC Taylor for almost 30 years, and that same disclaimer had me very concerned for some time. In that time I also never had a claim. When it was time to renew I decided to switch companies. While the price was more (not much) the coverage was much better suited for the way I use my cars. I was hesitant just because I felt loyal, and I wanted to support one of the major advertisers in the G&D. My Dad even had all of his cars insured with them since the early 70's and still does. They never contacted me to ask why I left, I was very surprised by that.
There were many other benefits with the other carriers that was not offered by Taylor, such as road side assistance, and trailer insurance. It is nice to know that you can take your car for a ride to the hardware store and you are covered or drive anywhere else (within reason) and not worry.
While the price should be important, sometimes the lowest price is not always the best.
John

Gene,

No, it won't be a daily driver, but if I want to drive it to work and take some people out to lunch, that should be fine. One of the reasons that I got a 4-door is so I can easily take people with me. Their restrictions just don't fit the way I want to use the car, and the cost difference is not worth the conversation should there ever be a need to file a claim.

My car has had at least 4 owners over the past 30 years and has not moved under its own power for at least that long. I am making real good progress with it and unless the engine is trash, and I don't think it is, I will have it running by the end of February. I am working on the fuel system now and I am amazed at the amount of crud that was in the fuel pump and carb.

Rich

Very interesting info. Thanks everyone. As an former Insurance salesman told me once, "We stay up all night thinking of ways to not pay claims."

Now I had Hagarty for 2 years with a "agreed Value" then last year I went with AAA {California} as they are the insur. co. for my home, biz, rental prop. and reg. cars.

For my Chevy I got better $ coverage for about $25.00 a year more...BUT AAA also asked me about 50 questions regarding my Chevy, sent a guy out to take pictures of the car & garage, and then about a month later sent me another form to fill out. Now they have a full right to do that, but it was kind of a pain in the hiney.

So in 2 months when my policy is due I'll call Hagarty and get a price from them, as I may not want to go through the AAA process again. And agreed upon value is fine with me.

Drive safe,
Michael41

Mike, when I got Hagerty all they wanted is a picture of my bed wood and a picture of my garage and that was it...Oscar

I just did a quote at Grundy and they are the least expensive of all the quotes that I have.

Has anyone had a claim with them, were there any issues in settlement?
-------------------------
Coverage Information Vehicle Quote
Agreed Value $18000 original Liability Rate $35
Bodily Injury/Property Damage Liability
$500000 with Comp and Collision Comp and Collision Rate $99
Uninsured/Underinsured Motorist
Statutory Limit Deductible $0
Med Payments (State Limit) Included
Tax $0
Quotes are for annual (12 month) coverage.


Your Total Quote
Total Quote (Includes all cars) $134

-------------------------

Thanks,

Rich

a person in our region had a 54 pickup insured with one of the major insuance co. had a accident got rear ended bent the frame , bed, and cab this was a really nice truck he had 15000.00 agreed amount on the truck . the insurance co. total the truck and on the spot would pay the 15000.00 no problem except he wanted the truck back and the insurance co. would not even guarentee that he would get to bid on it . it cost 50000.00 to repair the truck but he still ownes the truck no insurance money . what the insurance agent said was you need to have a value high enough to cover a rebuild or replace not many of us do . if you are lucky to only bend a bumper or scratch a fender they may not total the vehicle . its only money

That must have been a very special truck to spend $50k on it.

I got my car for $6k. Several previous owners have done work on it and I think that I will have it ready for the road with about another $3k. From what I have seen, this is not a rare or real valuable car. However, it is exactly what I want in an old car. I have seen cars like it on ebay for less than I will have in mine. So, I was looking at the amount I chose for a replacement value as just that. I figure that when these cars are in a wreck, repair costs will be quite high. Another thing I did notice was that if I raised the value of the car, the amount of the insurance did not go up very much. Certainly something to think about.

Rich