insurance rates - The 1947 - Present Chevrolet & GMC Truck Message Board Network

buckola · 11-06-2002, 06:52 PM

Up here in canada the insurance companies are at it again. Rates are expected to have a double digit increase shortly.
Based on the value of your truck, how much are you paying?
I understand it's cheaper if you insure it as a collectable but are the restrictions worth it?

87gmc · 11-06-2002, 07:23 PM

I pay about 700 dollars every six months for liability. But thats becasue im seventeen, and i would say my truck is worth a good 5500. I have no idea about how much cheaper it is to insure it as a collectable.

Southpa · 11-06-2002, 07:39 PM

I pay about $700 a year. That includes 3rd party legal liability $1,000,000 , collision $300 deductible and comprehensive rate group $300 deductible (includes $200 deduct for any claim for windshield damage caused by missiles or flying objects) so watch out Saddam. The agent actually asked me if I needed this much insurance. I guess he figured an oldie like mine is only worth the bare minimum. I set him straight.

buckola · 11-06-2002, 08:31 PM

I'm about the same Southpa, $700.00 ($400+us) The kicker is if its stolen they'll only reimburse me $1500.00 ($1000us) It's been appraised $12000.00. ($8000.00us...there seems to be a pattern here?!?!?!). Anyway i'll be putting it down for the winter ..guess i'll worry about it in the spring.
I'm envious of your age 87gmc but I'm sure not crazy about your rates !! lol

Ackattack · 11-06-2002, 08:40 PM

I pay $120/ year for collision, comp, and liability with no deductable! It's collector car insurance, but no mileage restrictions. Oh yeah, $13,000 declared value.

buckola · 11-06-2002, 08:52 PM

I was quoted about the same for collector ins. the drawback was...can't drive to work, shopping, vacation etc. That pretty much rules out every trip except to the gas pumps. Which i would still probably put on 10000 miles doing that! Did you negotiate for no milage restrictions or was that in the package?

imaindianoutlaw · 11-06-2002, 09:06 PM

As a recreational vehicle I go about $350 a year on my 69! I drive a company vehicle to work!

bobs409 · 11-07-2002, 08:51 AM

Sure glad im not 17 yet! Yikes! You guys should yell R-A-P-E!

When I first got insurance, I paid $869 per year for liability. I though that was alot.

Now that im older, (alot) I get a multi car discount as I have 2 vehicles insured and a safe driver discount. For my truck im paying about $200 or less per year for liability.

I can't go with classic insurance as this is my daily driver.

yellowgmc · 11-07-2002, 09:29 AM

1 pay about 250 a year, but a wanted just reg insurance, not collector. i want to drive my truck when i want to. not on alternating tuesdays every 2nd blue moon. course right now i have no insurance. truck ain't going nowhere.

Ackattack · 11-07-2002, 10:45 AM

Quote:

I was quoted about the same for collector ins. the drawback was...can't drive to work, shopping, vacation etc. That pretty much rules out every trip except to the gas pumps. Which i would still probably put on 10000 miles doing that! Did you negotiate for no milage restrictions or was that in the package?

No, that's just what this companies policy is I guess.

70c10 · 11-07-2002, 11:19 AM

I have mine insured for $8000 full coverage but I'm restricted to Shows and weekends. I pay $246 per year with Nationwide. It would be half that in a garage.

jmil1974 · 11-07-2002, 11:58 AM

ackattack, who's your insurance carrier?
Folks, please post your carrier so others can call for a quote. I'm looking for insurance now and that would be HUGE help.

Thanks!
Jason

imaindianoutlaw · 11-07-2002, 07:16 PM

Nationwide "is on your side"!

bobs409 · 11-08-2002, 09:35 AM

Mine is with All State.

11-06-2002, 06:52 PM	#1
buckola 1 Wrench / 10 Knuckles Join Date: Sep 2002 Location: Burlington Ontario Posts: 179	insurance rates Up here in canada the insurance companies are at it again. Rates are expected to have a double digit increase shortly. Based on the value of your truck, how much are you paying? I understand it's cheaper if you insure it as a collectable but are the restrictions worth it? __________________ 1970 GMC Custom Vortec Heads, Edelbrock Performer Intake, Crane 272 Energizer, Hedman Full Length HTC Headers 2006 Dodge Charger SRT8. 1/4 mile 13.3 1973 Z1 900 Kawasaki ( all original)

11-06-2002, 07:23 PM	#2
87gmc I Got My Engine!!!!! Join Date: Oct 2002 Location: Palmer, AK Posts: 253	I pay about 700 dollars every six months for liability. But thats becasue im seventeen, and i would say my truck is worth a good 5500. I have no idea about how much cheaper it is to insure it as a collectable. __________________ F.O.R.D. "F*cked Over Rebuilt Dodge" -+-+-+-+Cameron+-+-+-+- 1987 GMC HIGH SIERRA LWB 1500 32X11.50 383 TBI/Vortec Heads/Intake MSD Ignition Dual Exhaust Custom Pinstriping Sweet interior & stereo http://www.cgalvin29.freehomepage.com

11-06-2002, 07:39 PM	#3
Southpa Registered User Join Date: May 2000 Location: Victoria, BC, Canada Posts: 2,409	I pay about $700 a year. That includes 3rd party legal liability $1,000,000 , collision $300 deductible and comprehensive rate group $300 deductible (includes $200 deduct for any claim for windshield damage caused by missiles or flying objects) so watch out Saddam. The agent actually asked me if I needed this much insurance. I guess he figured an oldie like mine is only worth the bare minimum. I set him straight. __________________ 1970 GMC 1500 Custom Original 350/TH350 Victoria, BC, Canada You can wish in one hand and crap in the other. See which one gets filled first.

11-06-2002, 08:31 PM	#4
buckola 1 Wrench / 10 Knuckles Join Date: Sep 2002 Location: Burlington Ontario Posts: 179	I'm about the same Southpa, $700.00 ($400+us) The kicker is if its stolen they'll only reimburse me $1500.00 ($1000us) It's been appraised $12000.00. ($8000.00us...there seems to be a pattern here?!?!?!). Anyway i'll be putting it down for the winter ..guess i'll worry about it in the spring. I'm envious of your age 87gmc but I'm sure not crazy about your rates !! lol __________________ 1970 GMC Custom Vortec Heads, Edelbrock Performer Intake, Crane 272 Energizer, Hedman Full Length HTC Headers 2006 Dodge Charger SRT8. 1/4 mile 13.3 1973 Z1 900 Kawasaki ( all original)

11-06-2002, 08:40 PM	#5
Ackattack Senior Member Join Date: Aug 2002 Location: Valley Center KS Posts: 3,524	I pay $120/ year for collision, comp, and liability with no deductable! It's collector car insurance, but no mileage restrictions. Oh yeah, $13,000 declared value. __________________ Project Bruiser: 68 Pro-Touring C-10 5.3L / 4L60E Project Ironhide: 97 GMC Crew Cab 4x4 Cummins SOLD: '69 GMC 1/2T SWB TBI'd: Project No Buck Assembly Manual Index Sign up Thread!!! Factory Service Manual Index

11-06-2002, 08:52 PM	#6
buckola 1 Wrench / 10 Knuckles Join Date: Sep 2002 Location: Burlington Ontario Posts: 179	I was quoted about the same for collector ins. the drawback was...can't drive to work, shopping, vacation etc. That pretty much rules out every trip except to the gas pumps. Which i would still probably put on 10000 miles doing that! Did you negotiate for no milage restrictions or was that in the package? __________________ 1970 GMC Custom Vortec Heads, Edelbrock Performer Intake, Crane 272 Energizer, Hedman Full Length HTC Headers 2006 Dodge Charger SRT8. 1/4 mile 13.3 1973 Z1 900 Kawasaki ( all original)

11-06-2002, 09:06 PM	#7
imaindianoutlaw GMC SHORT FLEET F/S Join Date: Jun 2000 Location: SOUTH WILLIAMSPORT PENNSYLVANNIA Posts: 2,117	As a recreational vehicle I go about $350 a year on my 69! I drive a company vehicle to work! __________________ CHARLES WADE HEIN HVACR FOREMAN. LEWISBURG U.S.P.

11-07-2002, 08:51 AM	#8
bobs409 1969 Custom 30 wrecker Join Date: Sep 2001 Location: Pottsville, Pa Posts: 2,611	Sure glad im not 17 yet! Yikes! You guys should yell R-A-P-E! When I first got insurance, I paid $869 per year for liability. I though that was alot. Now that im older, (alot) I get a multi car discount as I have 2 vehicles insured and a safe driver discount. For my truck im paying about $200 or less per year for liability. I can't go with classic insurance as this is my daily driver. __________________ Bob 63 Impala 283/PG/3.36 (under restoration) 66 Impala 327/PG/3.36 66 Chevelle SS 409/M22/3.55 69 Chevelle 307/PG/3.08 (future restoration) 69 C10 short stepside 454/TH350/3.73 69 Custom 30 tow truck 350/4 spd/4.10 (resto done, CRUISIN TIME!) 71 Cheyenne 20 fleetside 350/4 spd/4.10 71 Chevelle 6/PG/3.08 72 Chevelle 454/M21/4.10

11-07-2002, 09:29 AM	#9
yellowgmc Getting cabin fever?!?!?! Join Date: Oct 2002 Location: chisholm, mn Posts: 1,679	1 pay about 250 a year, but a wanted just reg insurance, not collector. i want to drive my truck when i want to. not on alternating tuesdays every 2nd blue moon. course right now i have no insurance. truck ain't going nowhere. __________________ Member of the Discs Up Front Club 1972 GMC 1500 1994 F-150 XL 4x4 Tact is for people not whitty enough to be sarcastic

11-07-2002, 11:19 AM	#11
70c10 67-72 Addict! Join Date: Feb 2002 Location: The TAX State! Posts: 7,856	I have mine insured for $8000 full coverage but I'm restricted to Shows and weekends. I pay $246 per year with Nationwide. It would be half that in a garage. __________________ Jim 1970 C/10 Fleetside w/Ghost Flames Lowered 4.5" front and 4" rear (Raked) 355/350 Turbo w/shift kit 10" Redneck Performance Verter w/2500 stall Hooker Super Comps part#2808-1 Performer RPM Air-Gap 12 Bolt w/3:73 gears- Eaton Posi Comp Cams XE262 with 1.6 Crane Energizers, Road Demon 625 and Brodix IK 180 heads

11-07-2002, 11:58 AM	#12
jmil1974 Ain't we cute? Join Date: May 2002 Location: Friendswood, TX Posts: 700	ackattack, who's your insurance carrier? Folks, please post your carrier so others can call for a quote. I'm looking for insurance now and that would be HUGE help. Thanks! Jason __________________ 69 C10 2WD LWB Fleet 350/350 power front disc conversion (6 lug disc kit from gmcpauls) and new engine, PS, A/C, fresh fluids, SHE DRIVES! FOR SALE $3900

11-07-2002, 07:16 PM	#13
imaindianoutlaw GMC SHORT FLEET F/S Join Date: Jun 2000 Location: SOUTH WILLIAMSPORT PENNSYLVANNIA Posts: 2,117	Nationwide "is on your side"! __________________ CHARLES WADE HEIN HVACR FOREMAN. LEWISBURG U.S.P.

11-08-2002, 09:35 AM	#14
bobs409 1969 Custom 30 wrecker Join Date: Sep 2001 Location: Pottsville, Pa Posts: 2,611	Mine is with All State. __________________ Bob 63 Impala 283/PG/3.36 (under restoration) 66 Impala 327/PG/3.36 66 Chevelle SS 409/M22/3.55 69 Chevelle 307/PG/3.08 (future restoration) 69 C10 short stepside 454/TH350/3.73 69 Custom 30 tow truck 350/4 spd/4.10 (resto done, CRUISIN TIME!) 71 Cheyenne 20 fleetside 350/4 spd/4.10 71 Chevelle 6/PG/3.08 72 Chevelle 454/M21/4.10

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