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Author
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Topic: Recommendations on Classic Car Insurance..
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70 Pony
Gearhead Posts: 1815
From: Glenmoore, PA, USA
Registered: Jan 2000
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posted 01-23-2002 03:36 PM
   
Opinions on some good "Classic Car" insurance companies.....looking for one that doesn't have many restrictions on mileage, night time usage, cruising (on weekdays) etc. And most important, a company that's reliable and pays off a claim without the need for a bunch of lawyers.
Been carrying my '70 on my regular policy. Rates seemed OK, but as usual are starting to climb. I'd like to do some comparison shopping. (websites would be helpful if possible)
Thanks------------------
EDDIE D
Resto Mod '70 Sport Roof
Arrest Me Red
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RICKS
Gearhead Posts: 355
From: Ocala, FL
Registered: Mar 2001
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posted 01-23-2002 04:13 PM
We used to have J.C. Taylor, but the "fine print" was very restrictive, such as the points you just brought up. We're now with Grundy, which I can highly recommend. Much more reasonable rates, very LITTLE fine print, and alot of freedom to drive the car. They understand that you want to drive your car places, and that you can't park the car inside the restaurant at your table with you! (sarcasm). I've never made a claim (knock on wood), but the Grundy's aren't just insurance zombies, they're bonified classic car collectors and enthusiasts themselves. I see them showing their cars at AACA events all the time, so they're not just pencil pushers. They're personally involved in our hobby. So I can't imagine a valid claim being given anything but appropriate and adequate service. www.grundy.com I've heard great things of several other companies as well, but I'm just telling you what I have 1st hand knowledge of.
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The Iceman
Gearhead Posts: 2116
From: Shelton, CT
Registered: Jul 2000
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posted 01-23-2002 05:12 PM
anyone have any info on Haggerty (spelling?) Classic Car Insurance...?
restrictions etc etc  ------------------
CrAzY Dan~
1965 Coupe "BeeBop" 200ci Straight "6"~2.77 3-spd w/Hurst Shifter~Pertronix Elec. Ign.~Flamethrower Coil~Flex-Fan~Clifford 6-2 Header~26" Smithys~3" chrome tips~'85 T-Bird TC buckets~'66 guages
https://mustangsandmore.com//ubb/TheIceman.html
http://www.motorcities.com/contents/01GF9250033520.html
There's Nothing Wrong With A Little Six In A Classic Mustang! ;)
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Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
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posted 01-23-2002 05:22 PM
OK Eddie and Dan. You asked for it so here it is. Terri and I currently have Hagerty Classic Insurance on both Mustangs. Haperty's uses the owners "Stated" value and not an apprasial. You are not restricted on what shop will do the repairs if your car is damaged. You get to chose. You CAN NOT use your classic as a daily driver. You have to have other means of transportation. We currently pay $167.00 dollars a year for full coverage on both Mustangs. For more information on Hagerty's go to www.hagerty.com or call them at 1-800-922-4050. You can also apply on-line. Hope this helps.  Dave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper.
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GTRocks
Gearhead Posts: 3617
From: Lusby, MD
Registered: Jun 99
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posted 01-23-2002 06:56 PM
I also use Hagerty's. There are a few restrictions that Dave didn't mention. Your daily driver (not your classic) must be insured by an insurance company other than Hagerty's. I also believe that your classic must be garage kept. You also have to supply them with a few pictures of your car. Interestingly my rate is a bit higher than Dave's (not sure why). I have a '66 coupe that is costing me $148/yr. My stated value was $7500.
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SteveLaRiviere
Administrator Posts: 42859
From: Saco, Maine
Registered: May 99
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posted 01-23-2002 07:08 PM
Here's another thread on insurance:https://mustangsandmore.com/ubb/Forum1/HTML/004760.html ------------------
'70 Mustang Mach 1 M code 351C 4V/FMX/3.25 open
'72 Mustang Sprint Coupe 351C 4V/FMX/4.30 Trac Lok
'94 F-150 XL 5.8L/E4OD/3.55 Limited Slip
'97 Probe GTS 2.5L DOHC
MCA Member # 47773
My favorite tool is Occam's Razor
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7DMACH1
Gearhead Posts: 2344
From: PHILA. PA.
Registered: Feb 2001
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posted 01-23-2002 08:23 PM
I have Parish Heacock, I have been with them for 10 years. They were the only one that would give me special insurance on my 86 Capri. I've never had a claim with them but their prices are good. http://www.parishheacock.com/ RAY------------------
RAY . FLY THE FLAG, SHOW THE WORLD WE ARE PROUD AMERICANS!70 MACH 1 351C NOW 408 STROKER 4SPD.
86 MERCURY CAPRI 5.0 RUNS 12.86 @107 1.65 60 ft.
2001 LINCOLN LS V8 1997 MUSTANG
SHOW THE WORLD, LIGHT A CANDLE.
http://www.geocities.com/slariviere/7DMach1.html [This message has been edited by 7DMACH1 (edited 01-23-2002).] [This message has been edited by 7DMACH1 (edited 01-23-2002).]
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mellowyellow
Gearhead Posts: 6677
From: So. Fl.
Registered: Aug 2000
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posted 01-23-2002 09:50 PM
Has anyone ever had any dealings with a co. named Zurich, and now Farmers and Zurich. Each month for some time they dominate the stolen column in Hemmings. This month the stolen's were in NY, Pa, Ca, La, and Or Met Life had 3 stolens. They are recent players in this column.
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RICKS
Gearhead Posts: 355
From: Ocala, FL
Registered: Mar 2001
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posted 01-24-2002 09:34 AM
Hagerty is one I've always heard positive reviews on as well.
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70 Pony
Gearhead Posts: 1815
From: Glenmoore, PA, USA
Registered: Jan 2000
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posted 01-24-2002 11:04 AM
Great Info guys....Thanks a million....
I definitely "fit" the retriction for this Hagerty......I've got 2 Daily Drivers, both with Allstate, and my '70 IS definitely garaged at all times, and I've got a million pictures and saved every receipt for the 4 million dollars I threw at this car... 
Gonna check Grundy and Hagerty...those premiums you all mentioned are MORE than reasonable..and a hell of a lot less than I'm paying...
Thanks again.------------------
EDDIE D
Resto Mod '70 Sport Roof
Arrest Me Red
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sigtauenus
Gearhead Posts: 2205
From: in the RV, moving soon from SC to VA
Registered: Jun 2000
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posted 01-24-2002 06:57 PM
quote:
Originally posted by Dave Gibson:
You CAN NOT use your classic as a daily driver. You have to have other means of transportation. Dave & Terri
So, if my wife has the pathfinder and I have my truck for daily drivers, does that mean I can still ocassionally drive the mustang to work? Are they dead set on a garage or does a carport count?
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John Holloway
Gearhead Posts: 840
From: Romeoville Illinois
Registered: Jul 2000
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posted 01-24-2002 07:07 PM
Does AnyOne know where I can find Someone who will Insure Pro Street Cars
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bgseib
Gearhead Posts: 109
From: Tyler, TX, USA
Registered: Dec 2001
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posted 01-24-2002 07:16 PM
Just got off the phone with them today and they gave me the lowdown and sent me the contracts.... You have to have other vehicles for day to day drivers, but you can drive your classic to work on occasion, but not all the time... They ask what an average mileage would be (couple hundred, couple thousand, etc) They really seem to be on the up and up.. I told them that I have 65 fastback slightly modified with a value of 12K and they quoted 207/yr.....Hope that helps..
BS
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7DMACH1
Gearhead Posts: 2344
From: PHILA. PA.
Registered: Feb 2001
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posted 01-24-2002 07:27 PM
John, Parish Heacock insures Pro Street Cars and even Race Cars. www.parishheacock.com RAY------------------
RAY . FLY THE FLAG, SHOW THE WORLD WE ARE PROUD AMERICANS!70 MACH 1 351C NOW 408 STROKER 4SPD.
86 MERCURY CAPRI 5.0 RUNS 12.86 @107 1.65 60 ft.
2001 LINCOLN LS V8 1997 MUSTANG
SHOW THE WORLD, LIGHT A CANDLE.
http://www.geocities.com/slariviere/7DMach1.html
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John Holloway
Gearhead Posts: 840
From: Romeoville Illinois
Registered: Jul 2000
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posted 01-24-2002 07:42 PM
Thanks Ray,I will give them a try.
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70 Pony
Gearhead Posts: 1815
From: Glenmoore, PA, USA
Registered: Jan 2000
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posted 01-24-2002 07:48 PM
Hey BS...who'd you get off the phone with....???HAGERTY ???------------------
EDDIE D
Resto Mod '70 Sport Roof
Arrest Me Red
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mellowyellow
Gearhead Posts: 6677
From: So. Fl.
Registered: Aug 2000
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posted 01-24-2002 09:35 PM
quote:
Originally posted by sigtauenus:
So, if my wife has the pathfinder and I have my truck for daily drivers, does that mean I can still ocassionally drive the mustang to work? Are they dead set on a garage or does a carport count?
No carports for about all of them. They want their insured in a garage. I know that Hagerty does.
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sigtauenus
Gearhead Posts: 2205
From: in the RV, moving soon from SC to VA
Registered: Jun 2000
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posted 01-24-2002 10:41 PM
quote:
Originally posted by mellowyellow:
No carports for about all of them. They want their insured in a garage. I know that Hagerty does.
NEWMAN!!!!
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bgseib
Gearhead Posts: 109
From: Tyler, TX, USA
Registered: Dec 2001
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posted 01-24-2002 10:52 PM
Sorry 70 Pony - I was talking about hagerty. They also stipulate that the insured classic has to be kept in a garage, and they ask you to id all other cars to prove you have daily drivers.. but all in all they seem good - I wish someone here has put a claim against them so we would know both sides of the equation...??
BS
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Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
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posted 01-25-2002 06:46 AM
BS,
One of our local Mustang Club members, who have Hagertys insurance, was involved in a minor traffic accident. They filed a claim with Hagertys to get the right rear quarter panel repaired/replaced. They didn't have any problems and were able to pick the repair shop that made the repairs. They had nothing but praise for Hagertys. Dave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper.
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mellowyellow
Gearhead Posts: 6677
From: So. Fl.
Registered: Aug 2000
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posted 01-25-2002 08:17 AM
quote:
Originally posted by sigtauenus:
NEWMAN!!!!
I don't think Alfred E. has a Mustang!!! Think he drives a rice car!!!!
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SteveLaRiviere
Administrator Posts: 42859
From: Saco, Maine
Registered: May 99
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posted 01-25-2002 09:03 AM
quote:
Originally posted by mellowyellow:
No carports for about all of them. They want their insured in a garage. I know that Hagerty does.
I imagine that must really cut down on the vandalism and theft claims. ------------------
'70 Mustang Mach 1 M code 351C 4V/FMX/3.25 open
'72 Mustang Sprint Coupe 351C 4V/FMX/4.30 Trac Lok
'94 F-150 XL 5.8L/E4OD/3.55 Limited Slip
'97 Probe GTS 2.5L DOHC
MCA Member # 47773
My favorite tool is Occam's Razor
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The Buckmaster
Gearhead Posts: 158
From: Summerfield Oh USA
Registered: Nov 99
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posted 01-25-2002 08:21 PM
A friend of mine is an agent for Hagerty.My coupe only cost me $100 a year for $9,000 of value.That is less than on my regular policy.
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
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posted 01-25-2002 08:32 PM
How about a car like mine.I know there is no other car like my car.
Mines not stock,and not a race,OR pro street car.What would I tell Hagerty is the value of my car.And do you tell them what mods you have too.I have used state farm since I was 16yrs old.They are high priced,I pay about $250.a year and thats not full coverage.SCOOP ------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
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posted 01-25-2002 11:41 PM
Scoop,
Tell them that the engine is modified and that it has x amount of horse power. Also tell them that it is not a race car and that it is not a daily driver. As far as value is concerned, it is your stated value. Be realalistic about the value. The higher your value, the higher the annual cost. Hagertys will want photo's of your Mustang including the engine. Check out the web site. Hagertys does have a policy estimate section. Dave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper.
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
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posted 01-26-2002 01:52 PM
Thanks Dave,the prices are way lower then State farm.That always makes my worry alittle,when one can do the same thing for so much less.
Hey you were up really late typing that.  SCOOP ------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
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posted 01-26-2002 05:04 PM
Scoop,
No problem. Glad to be a help.
No, I was not up late. I'm on central time and not eastern time like the post shows. LOLDave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper.
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Ken
Gearhead Posts: 4786
From: Prospect, Ct. M&M Member No. 31 MCA Member 49299
Registered: Jun 99
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posted 01-26-2002 05:45 PM
quote:
Originally posted by Fastymz:
How about a car like mine.I know there is no other car like my car.
Mines not stock,and not a race,OR pro street car.What would I tell Hagerty is the value of my car.And do you tell them what mods you have too. SCOOP
You can tell them any value you want to but if its real high I'm sure they're going to want an appraisal....but I would imagine just your "SCOOP" alone should be valued at about $30,000  !!!
------------------
Conciousness - that annoying time between naps. Ken
1965 Springtime Yellow Coupe
302GT40-4spd
Edlebrock RPM Air Gap
670cfm Holley Street Avenger
and much, much MORE !!!
My-Photo-Page
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mellowyellow
Gearhead Posts: 6677
From: So. Fl.
Registered: Aug 2000
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posted 01-26-2002 06:00 PM
Having a certified appraisal for a given figure doesn't mean you won't get an initial lowball figure if car is complete loss. I think they all do it. Part of doing business, unfortunately.
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71RESTO
Gearhead Posts: 1320
From: Oregon, USA
Registered: Oct 2000
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posted 01-26-2002 07:26 PM
Hagerty is the best!!! IMHO
Use them for my '71 and '73 and combined I pay $108/year. Haven't had to file a claim yet, but a fellow club member did (just like Dave Gibson) and he was covered in full with no questions asked at any shop he chose (without having to get three quotes).
Also, no mileage restrictions or time useage. One outfit I checked into would only cover during club sponsored events (you had to belong to a club), only on club meeting nights and would only let you have 1500 miles/year. Hagerty lets you drive your car and enjoy it, as long as you have it garaged and another daily driver to use.------------------
Duane
71 Fastback (his) under resto (351C-4V C6 auto)
73 Mach 1 (hers) (351CJ 4 speed)
66 289/2V coupe (daughter Ashley's)
89 LX 2.3 convertible (daughter Amanda's)
M & M Member #730
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
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posted 01-26-2002 07:47 PM
quote:
Originally posted by Ken:
You can tell them any value you want to but if its real high I'm sure they're going to want an appraisal....but I would imagine just your "SCOOP" alone should be valued at about $30,000 !!!
Always picking on the SCOOP.
SCOOP.
------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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7DMACH1
Gearhead Posts: 2344
From: PHILA. PA.
Registered: Feb 2001
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posted 01-26-2002 09:22 PM
I had both my cars appraised. The 70 Mach appraised for $18,800.00 and the 86 Capri appraised for $17,100.00. That's the value they are insured for and the cost is $830.00 per year, living it the city of Phila. GO
EAGLES RAY------------------
THE CAPRI IS FOR SALE IN THE CLASSIFIED SECTION RAY . 70 MACH 1 351C NOW 408 STROKER 4SPD.
86 MERCURY CAPRI 5.0 RUNS 12.86 @107 1.65 60 ft.
2001 LINCOLN LS V8 1997 MUSTANG
http://www.geocities.com/slariviere/7DMach1.html [This message has been edited by 7DMACH1 (edited 01-26-2002).]
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PonyDoc
Journeyman Posts: 93
From: Ft. Lauderdale
Registered: Jun 2001
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posted 01-26-2002 11:44 PM
I've had JC Taylor for about 10 years and have had a few claims. The basic company is Zurich. When I had a problem with an adjuster on my 65 K-GT conv. and she wanted to pay for a repro 1/4, I called the company and spoke to the "Boss" directly. Problem solved in a nano-second. The car was appraised then, for $43,800 (Concours Grand National winner) and the 1/4 HAD to be Ford. He agreed and let the appraiser know. I have had similar results on other claims. They have been great. I waited 3 years to get around to the windshield since the car was undergoing a resto and did the glass last. They reopened the claim and fixed it immediately. I have 6 cars listed and it runs around $380 for 300K coverage and NO deductable. They have never limited my mileage, just usage. When I went with Mustangs in Motion from Las Vegas to Charlotte in '99, I had to get there from Ft Lauderdale. Total mileage was 7,400 miles, but it was all for a Mustang event. The Great American Pony Drive II scheduled for 2004 will be 10,000 miles and the car is going the whole trip!
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70 Pony
Gearhead Posts: 1815
From: Glenmoore, PA, USA
Registered: Jan 2000
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posted 01-28-2002 11:12 AM
Thease rates are really low, but by coincidence, I saw a guy from GRUNDY on a "Speedvision" show...forget which one...and he said they keep the rates low, by not insuring "Youthful" drivers...(Whatever their cut off is I don't know but at 55, no one has called me youthful in about 35 years)... and demand a garage..and they realize that "Most People" with "Collectibles" drive them very carefully, and care for them.....
Does anyone know, if a "Time Trial" or test and tune run at a "Certified track" is ALWAYS..exempted...I would imagine if the beater next to you, crosses the line and nails you..you're on your own..------------------
EDDIE D
Resto Mod '70 Sport Roof
Arrest Me Red
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SteveLaRiviere
Administrator Posts: 42859
From: Saco, Maine
Registered: May 99
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posted 01-28-2002 12:14 PM
I know on my State Farm policy in the fine print it says that the insurance coverage is not valid during any timed or competition events. So if you crash racing, you're on your own.------------------
'70 Mustang Mach 1 M code 351C 4V/FMX/3.25 open
'72 Mustang Sprint Coupe 351C 4V/FMX/4.30 Trac Lok
'94 F-150 XL 5.8L/E4OD/3.55 Limited Slip
'97 Probe GTS 2.5L DOHC
MCA Member # 47773
Of all the things I've lost, my mind is what I miss the most.
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
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posted 01-28-2002 05:14 PM
Ok Hagerty is as much as state farm.How can they be so much less,and still give you good policy.And you guys are sure they stand behind you,if something happens.SCOOP ------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
[This message has been edited by Fastymz (edited 01-28-2002).]
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SteveLaRiviere
Administrator Posts: 42859
From: Saco, Maine
Registered: May 99
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posted 01-28-2002 05:29 PM
By limiting your useage and making you garage the car they are reducing their risks.------------------
'70 Mustang Mach 1 M code 351C 4V/FMX/3.25 open
'72 Mustang Sprint Coupe 351C 4V/FMX/4.30 Trac Lok
'94 F-150 XL 5.8L/E4OD/3.55 Limited Slip
'97 Probe GTS 2.5L DOHC
MCA Member # 47773
Of all the things I've lost, my mind is what I miss the most.
IP: Logged |
Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
|
posted 01-28-2002 05:38 PM
quote:
Originally posted by SteveLaRiviere:
By limiting your useage and making you garage the car they are reducing their risks.
My car is the garage only already.
And how do they limit your useage.
You mean like milage limit,or what.I'd love to save the money but,if they dont pay then you have not saved a thing. SCOOP ------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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SteveLaRiviere
Administrator Posts: 42859
From: Saco, Maine
Registered: May 99
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posted 01-28-2002 05:46 PM
Yes, by limiting mileage.If they didn't pay on a claim, everyone would holler. So far, the feedback we've seen here suggests the well known carriers seem to perform. That's what great about this web site, you can usually ask someone that's been there before. ------------------
'70 Mustang Mach 1 M code 351C 4V/FMX/3.25 open
'72 Mustang Sprint Coupe 351C 4V/FMX/4.30 Trac Lok
'94 F-150 XL 5.8L/E4OD/3.55 Limited Slip
'97 Probe GTS 2.5L DOHC
MCA Member # 47773
Of all the things I've lost, my mind is what I miss the most.
IP: Logged |
Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
|
posted 01-28-2002 06:56 PM
quote:
Originally posted by Fastymz:
Ok Hagerty is as much as state farm.How can they be so much less,and still give you good policy.And you guys are sure they stand behind you,if something happens.SCOOP
Ron,
Hagerty looks at the issue this way. Most classic car owners know how much time, effort, and money they have invested in their classic. They aren't going to do anything crazy to destroy the classic. Most classic car owners are responsible adults who baby their classic. That is how Hagertys explained it to me over the phone. Check out their web site. I'm sure they explain it there better than I. Dave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper.
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
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posted 01-28-2002 07:48 PM
Thanks Dave,and Steve,
I will look into it.And I think I'll give them a try.
I'm all about saving money,just not sure about things that sound to go to be ture. SCOOP ------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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SteveLaRiviere
Administrator Posts: 42859
From: Saco, Maine
Registered: May 99
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posted 01-29-2002 09:09 AM
Me too. I have yet to hear of anybody having a problem with collector policies. {Unlike regular insurance policies}------------------
'70 Mustang Mach 1 M code 351C 4V/FMX/3.25 open
'72 Mustang Sprint Coupe 351C 4V/FMX/4.30 Trac Lok
'94 F-150 XL 5.8L/E4OD/3.55 Limited Slip
'97 Probe GTS 2.5L DOHC
MCA Member # 47773
Of all the things I've lost, my mind is what I miss the most.
IP: Logged |
Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
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posted 01-29-2002 04:33 PM
Dose this sound about right for my car,agreed value of $6500.Or is it to high or to low.Thanks SCOOP... ------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
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posted 01-29-2002 04:59 PM
Scoop,
Stop and take a look at all the things you have done to your Mustang. Start with how much you paid for your Stang, what you have done to it or had done to improve it. Then think about how much it would cost you to have all that work repaired at todays market value. Just some things to think about. Dave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper. [This message has been edited by Dave Gibson (edited 01-29-2002).]
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
|
posted 01-29-2002 05:06 PM
Dave,then whats your take on it.I have about $3000,in to it right now.I do have many many hours of work too.So I would say twice plus alittle of price I have in it should be about right.
Please give me your opinion.
SCOOP.
------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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mellowyellow
Gearhead Posts: 6677
From: So. Fl.
Registered: Aug 2000
|
posted 01-29-2002 06:14 PM
If one keeps a folder, drawer, container etc for ALL the receipts gathered during a restoration, amazement will be an understatement.
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SteveLaRiviere
Administrator Posts: 42859
From: Saco, Maine
Registered: May 99
|
posted 01-29-2002 08:08 PM
quote:
Originally posted by Fastymz:
Dose this sound about right for my car,agreed value of $6500.Or is it to high or to low.Thanks SCOOP...
Scoop, you may want to check out these price estimating guides on Hemmings: http://www.hemmings.com/hemmings/searches/price_checker/whatworth.cfm ------------------
'70 Mustang Mach 1 M code 351C 4V/FMX/3.25 open
'72 Mustang Sprint Coupe 351C 4V/FMX/4.30 Trac Lok
'94 F-150 XL 5.8L/E4OD/3.55 Limited Slip
'97 Probe GTS 2.5L DOHC
MCA Member # 47773
Of all the things I've lost, my mind is what I miss the most.
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
|
posted 01-29-2002 11:47 PM
quote:
Originally posted by mellowyellow:
If one keeps a folder, drawer, container etc for ALL the receipts gathered during a restoration, amazement will be an understatement.
Pete,I really do have ALL the receipts.1 can of oil to my new trans.I have every thing I've done to the car writen down too.
Not sure why I just like to read the log sometimes. SCOOP
------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
|
posted 01-30-2002 12:03 AM
quote:
Originally posted by SteveLaRiviere:
Scoop, you may want to check out these price estimating guides on Hemmings:http://www.hemmings.com/hemmings/searches/price_checker/whatworth.cfm
Steve thanks lot of good info there. I still dont know what it's worth.Alittle help guys,is it not realistic the price of $6500.Or is it more like $3000.I see some good stabgs for sale around here for $3-$4000.
My car is not a beater,but not in good contintion either.Some where between to the to.You guys give me your honest input on the price range please.I'm really lost on this one.Manly because it's modified,and far from restorable.It runs and drives good but needs some new body panels to replace all the bondo.
The inside of the car is not much better.
I think I could get $3000-4000. SCOOP ------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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Dave Witthoeft
Gearhead Posts: 2237
From: IL.
Registered: Dec 2000
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posted 01-30-2002 04:35 AM
quote:
Originally posted by Fastymz:
Steve thanks lot of good info there.I still dont know what it's worth.Alittle help guys,is it not realistic the price of $6500.Or is it more like $3000.I see some good stabgs for sale around here for $3-$4000.
My car is not a beater,but not in good contintion either.Some where between to the to.You guys give me your honest input on the price range please.I'm really lost on this one.Manly because it's modified,and far from restorable.It runs and drives good but needs some new body panels to replace all the bondo.
The inside of the car is not much better.
I think I could get $3000-4000. SCOOP
If you took your car "Finished", and worked backwards, kept subtracting untill you got to the point your car is at now, Would that put you in the ballpark of the number you are looking for? Just a thought.
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70 Pony
Gearhead Posts: 1815
From: Glenmoore, PA, USA
Registered: Jan 2000
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posted 01-30-2002 09:12 AM
SCOOP.......If you think your car is worth 6 or 6 1/2 grand...insure it for that...I'll bet the difference between a $3000 value and a $6500 value, is just a few bucks, premium wise......
I believe a car's true worth is what someone is willing to pay for it...period......
I would never sell my car for what it is "worth"..
And in this hobby, unless you have something rare and restored back to complete originality, I think we'd all admit, we have more $$ into our cars than they are worth..------------------
EDDIE D
Resto Mod '70 Sport Roof
Arrest Me Red
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Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
|
posted 01-30-2002 05:00 PM
Scoop,
Go with the $6,500.00 if that is what you are comfortable with. It is your Mustang and you value it more than anyone else. Dave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper.
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Ken
Gearhead Posts: 4786
From: Prospect, Ct. M&M Member No. 31 MCA Member 49299
Registered: Jun 99
|
posted 01-30-2002 06:52 PM
Scoop, I think when I insured my car through Haggerty's it was only something like an extra $7 per extra thousand insured !!!------------------
Conciousness - that annoying time between naps. Ken
1965 Springtime Yellow Coupe
302GT40-4spd
Edlebrock RPM Air Gap
670cfm Holley Street Avenger
and much, much MORE !!!
My-Photo-Page
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
|
posted 01-30-2002 09:07 PM
quote:
Originally posted by Dave Gibson:
Scoop,
Go with the $6,500.00 if that is what you are comfortable with. It is your Mustang and you value it more than anyone else. Dave & Terri
Dave I'm not trying to beat a dead horse here.But I just dont understand your point here.Do you think my car is worth more or less then the $6500.I'm a very cheap person so to me everything is too much.
So if I'm way off please offer your help. SCOOP
------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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Fastymz
Moderator Posts: 18590
From: Reno Nv USA MEM#1240
Registered: Apr 2001
|
posted 01-30-2002 09:11 PM
quote:
Originally posted by Ken:
Scoop, I think when I insured my car through Haggerty's it was only something like an extra $7 per extra thousand insured !!!
Ken it's not that I'm trying to save the $7.00.I'm really not sure what my car is worth. It's not exactly a top of the line,restored mustang.
Just shoot out a dollar amount to give something to work with. SCOOP
------------------
65 coupe,351w,RPM intake,Carter625,shorty headers,2.5 exhaust, Flowmasters,C4,open 8" 2:80,Big Boss 429 hood scoop,Crager SS,Black Suede.
MEM#1240 https://mustangsandmore.com/ubb/Fastymz.html
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Dave Gibson
Moderator Posts: 8887
From: Norfolk, Virginia, USA M&M#166 MCA#47921
Registered: Aug 99
|
posted 01-30-2002 09:43 PM
Scoop,
Go with the $6,500.00 value amount. When you start replacing major parts that will increase the value of your Mustang, then up the value on your policy. Dave & Terri ------------------
Poison Ivy (Dave's)
'65 Fastback Modified 289 4V, C-4, dual exhaust, styled steel wheels, rally pac, A/C
Blue Belle (Terri's)
'66 Coupe, Silver Blue Metallic, 351W 2-V, 4 speed, A/C, future sleeper.
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MrWesson22
Gearhead Posts: 1280
From: Dacula, GA
Registered: Sep 2000
|
posted 01-30-2002 10:01 PM
So, someone mentioned an age limit. Anyone know what that limit is? I'm 20 now, turn 21 next month. I have a pretty clean driving record - 1 ticket (3pts), 2 wrecks. One wreck was when I was 16, the other 18. I have full coverage on the 69 and currently pay $196 a month through state farm. If I could reduce that by 90%, I'm all about it!! I could list the truck as my daily driver, so I guess I'll have to wait until it's back on the road to do so, huh?------------------
Neal
Member #723
[email protected] AIM: MrWesson22 69 Gulfstream Aqua Grande
351C/Toploader 4sp
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Skeeter
Gearhead Posts: 152
From: California
Registered: Dec 2001
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posted 10-03-2002 06:09 PM
I just sent a application to Hagerty ins. for my 67 Mustang which is a street car and the told me it had to many modifications. I estimated my new 418w to have 500hp. They said that was too much. Also they did not like the idea of having a roll bar,Which i have. I have had one speeding ticket in the past 3 years. I dont think its to fair. Has anyone had any similar problems?Thanks,
Jason
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65darkhorse
Gearhead Posts: 965
From: Northern NJ
Registered: Aug 2002
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posted 10-03-2002 06:21 PM
I also have Hegarty Insurance. The 3 things they required when I got coverage (4 years ago) was:
1.) a locked garage.
2.) pictures (even for cars in the process of being restored ~ if this is the case, they'll ask for an estimated completion date ~ at least they did for me)
3.) minimum coverage of $5,000.
In my case, it is setting me back about $50 a year for the min. coverage. Guess I'll have to up that a bit now that the car is almost drivable.
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Hemikiller
Gearhead Posts: 583
From: Killingworth, CT
Registered: Feb 2002
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posted 10-03-2002 06:26 PM
I have had Hagerty on a couple cars, the last was a 72 T-bird, $5k stated value, cost me $78 a year. Never had any problems, guy next door (I live in an apartment) backed into it,(when I had brought it home to wash) they didn't even think twice about cutting me a $2K check....As far as age, Hagerty told me no one under 25. Sounds reasonable, unless you are under 25. When you hit 25, you'll understand..... BTW, I have Zero (0) accidents (14 years of driving), and clean ticket record for last 6 years, so I'm a shoo-in for low insurance rates. Pays to be defensive and consider everyone else a crappy driver. Never assume anything.......
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