classic car daily driver insurance?

[Dunenutt]

Originally Posted by Coboyle04

i have also been told i need to have my truck professionaly appraised in the event of total loss you have an actual value to give the insurance company. second i was told i should have mine appraised every year or two in order to maintain a good record of current value.

Stated value, you should do all of the above and update your policy acordingly.

Agreed value, Most collector car insurers will agree to up to $20,000 with pictures and reciepts. Above that, it will have to be appraised once.

[jocko]

this is such a frustrating topic. MANY would like to have their classic truck insured for what it is actually worth (not blue book) and still drive it every day. You know, like an escalade that cost a friggin fortune and is driven by 18 year olds... ??? Yet we can't seem to get what we woudl like very easily, if at all. I still do not understand.

Here's my beef: I'd be more than willing to pay MORE than what I currently pay (which is ridiculously low) for the freedom to actually USE my truck more.

But there really is no clear route for that. If you want low rates and coverage, heaven forbid, you have to fort knox protect the truck. If not, you can get liability and take your chances. Very very frustrating.

I have Grundy, and that was after a long, long search. I am happy with them. It's a stated value policy and I CAN occasionally drive it to work and take it places for more than just sitting in the fairgrounds. I even asked about driving it cross country - motels and all. They said yes. The Key, as I believe Leevon pointed out, is that the vehicle in question is not your primary mode of transportation. So, in order to insure it via classic ins, you have to have ANOTHER daily driver. I feel for the dude that is mid-20's has a nice old truck and that's his means of getting to/from work. There's almost NOTHING out there that will insure him and cover him properly in a loss. Bluebook, or liability, and thank you very much.

Oh well. Now I'm ticked off just thinkin about it.... I'd gladly pay double for my insurance, even triple (which is about what I pay for my daily driver) if I could have a policy I trust that would give me peace of mind and allow me to drive the wheels off. Aint gonna happen.

One more thing. State Farm. Never again for me. Never again. I'd be very wary of a $30K agree val or stated val policy with them. I'd ask the agent point blank "what do I get if A, B, or C happens to my truck?" and I'd record the answer and get his John Hancock on the recording... And the agent in my case was even a friend of the family. You'll note I said "was"....

[chevy72blu]

Originally Posted by jocko

this is such a frustrating topic. MANY would like to have their classic truck insured for what it is actually worth (not blue book) and still drive it every day. You know, like an escalade that cost a friggin fortune and is driven by 18 year olds... ??? Yet we can't seem to get what we woudl like very easily, if at all. I still do not understand.

Here's my beef: I'd be more than willing to pay MORE than what I currently pay (which is ridiculously low) for the freedom to actually USE my truck more.

But there really is no clear route for that. If you want low rates and coverage, heaven forbid, you have to fort knox protect the truck. If not, you can get liability and take your chances. Very very frustrating.

I have Grundy, and that was after a long, long search. I am happy with them. It's a stated value policy and I CAN occasionally drive it to work and take it places for more than just sitting in the fairgrounds. I even asked about driving it cross country - motels and all. They said yes. The Key, as I believe Leevon pointed out, is that the vehicle in question is not your primary mode of transportation. So, in order to insure it via classic ins, you have to have ANOTHER daily driver. I feel for the dude that is mid-20's has a nice old truck and that's his means of getting to/from work. There's almost NOTHING out there that will insure him and cover him properly in a loss. Bluebook, or liability, and thank you very much.

Oh well. Now I'm ticked off just thinkin about it.... I'd gladly pay double for my insurance, even triple (which is about what I pay for my daily driver) if I could have a policy I trust that would give me peace of mind and allow me to drive the wheels off. Aint gonna happen.

One more thing. State Farm. Never again for me. Never again. I'd be very wary of a $30K agree val or stated val policy with them. I'd ask the agent point blank "what do I get if A, B, or C happens to my truck?" and I'd record the answer and get his John Hancock on the recording... And the agent in my case was even a friend of the family. You'll note I said "was"....

This would describe me to a "T". My wife and I are sharing a car as I swap an LS1 into my 72 (my last beater car that got me through college died).

The point, of course, was to build my truck into a DD rather than buying a new truck and carrying a car payment (we just bought our first home). I saw this a much cheaper way to both get a set of wheels and enjoy driving it.

Im just blown away by the news in this thread. Doesnt really make much sense to spend all of this time and money swapping in a motor that gets great mileage if I can only drive it occasionally.... Not sure what I should do with my project now. The truck is realistically worth 12-15k running and driving, so I suppose its not as bad as some of you folks. I cant decide if I should just cross my fingers with NDAA/KBB value or buy a beater car and use that for Haggerty as my primary - which also sets my swap back by a few months.

I did some digging on Grundy's site and found this:

Agreed Value policies are available for your daily drivers with Grundy Insurance's MVP policy. Yes, that's right! We agree on a predetermined value of your vehicle. In the event of a total loss, that amount is paid.

Im sure its ungodly expensive, but it doesnt look like I have any other choice.

[96blazr]

Originally Posted by jocko

this is such a frustrating topic. MANY would like to have their classic truck insured for what it is actually worth (not blue book) and still drive it every day. You know, like an escalade that cost a friggin fortune and is driven by 18 year olds... ??? Yet we can't seem to get what we woudl like very easily, if at all. I still do not understand.

Here's my beef: I'd be more than willing to pay MORE than what I currently pay (which is ridiculously low) for the freedom to actually USE my truck more.

But there really is no clear route for that. If you want low rates and coverage, heaven forbid, you have to fort knox protect the truck. If not, you can get liability and take your chances. Very very frustrating.

I have Grundy, and that was after a long, long search. I am happy with them. It's a stated value policy and I CAN occasionally drive it to work and take it places for more than just sitting in the fairgrounds. I even asked about driving it cross country - motels and all. They said yes. The Key, as I believe Leevon pointed out, is that the vehicle in question is not your primary mode of transportation. So, in order to insure it via classic ins, you have to have ANOTHER daily driver. I feel for the dude that is mid-20's has a nice old truck and that's his means of getting to/from work. There's almost NOTHING out there that will insure him and cover him properly in a loss. Bluebook, or liability, and thank you very much.

Oh well. Now I'm ticked off just thinkin about it.... I'd gladly pay double for my insurance, even triple (which is about what I pay for my daily driver) if I could have a policy I trust that would give me peace of mind and allow me to drive the wheels off. Aint gonna happen.

One more thing. State Farm. Never again for me. Never again. I'd be very wary of a $30K agree val or stated val policy with them. I'd ask the agent point blank "what do I get if A, B, or C happens to my truck?" and I'd record the answer and get his John Hancock on the recording... And the agent in my case was even a friend of the family. You'll note I said "was"....

OMG!! Would you like more Cheese with that Whine??

This subject comes up from time to time and it's the same old story and same old whiners. "Boo ooh, why can't I have a Hot Rod truck as my daily driver and still pay LESS than full rates and get 100% coverage?, Boo ooh".

I'm sorry but you can't have your cake and eat it too. Get a DD or Pay for the coverage of owning these trucks through NORMAL channels. Face it, it's pretty much Black and White. Accept it or get a DD then you can have your Truck.

I apologize, but Jeeeezzz, this subject needs to go away. Where's that "beat a dead horse" Smiley?

[rsavage]

I have Hagerty on all 3 of my trucks. I insured the Blazer for $25,000 "agreed upon" value this spring when I finished it without an appraisal. I furnished the agent and Hagerty with a link to nearly 200 photos of the restoration along with a half dozen attached completed photos in an email. There were no questions asked but I have been with them for quite a few years.

[jocko]

Mr Grundy told me the same thing 70cst - While i can't use the truck as a commercial vehicle (which, Calif ironically makes me get it licensed for) I can put stuff in the bed if I want. No cover required. I don't put anything in the bed because I don't want to trash it - it's the nicest part of the truck!..., but I could.

[Dunenutt]

Sure would be nice if we had an underwriter from either company to chime in. It seems as though there are different interpretations, depending on the agent.

[jocko]

Hey thanks for posting the above - while I'd LIKE my current 66 to be daily driver insured, in this specific case, I'd retain the classic limited. FOr a newer 72 that I am looking at/for, I do want to drive it much more often and this MVP stuff will be a great place to start, thanks. I wonder if that came about as a result of my "plea" to them for something like this!? not... I am interested to see what you end up going with and how much it costs if you don't mind sharing.

[mike1971c10]

i'd like to thank all of you for the information. I was just about to try classic insurance on my '70 cst but i's a dd. Maybe i'll just stay wit the old guy insurance ( hartford) but i'm going to ask them about the pay off in case of an accident.

[jocko]

mike - might look at Grundy's MPG or whatever it's called. I was not aware of that until I read this thread, and I'm with Grundy - so I think it's a new option geared toward dd's. I'm interested in this for a different truck than my 66 I am looking at.

[Hubscrub]

I have Grundy on my Nova, had no problems with them i can drive it any day, anytime, all the miles i want just not to work. I DON'T want to drive my classics to work anyways whats the fun in that? Pleasure driving is for them i drove my 86 Monte SS daily for a while until one day at lunch a 16 year old dropped his cell phone and rear ended me didn't hurt the car that bad tore his truck up though.

[70cst]

Originally Posted by Hubscrub

I have Grundy on my Nova, had no problems with them i can drive it any day, anytime, all the miles i want just not to work. I DON'T want to drive my classics to work anyways whats the fun in that? Pleasure driving is for them i drove my 86 Monte SS daily for a while until one day at lunch a 16 year old dropped his cell phone and rear ended me didn't hurt the car that bad tore his truck up though.

I DON'T want to drive my classics to work anyways whats the fun in that?

The reason is to show your classic to fellow workers. I don't think the intent is to drive your prized ride to work on a regular basis. Just a thought.

[Hubscrub]

Originally Posted by 70cst

The reason is to show your classic to fellow workers. I don't think the intent is to drive your prized ride to work on a regular basis. Just a thought.

I understand what your saying, my drive is only about 10 min. i would want to keep driving . This might sound weird but i don't like attention when driving my classics not in a stuck up way, i stop at the gas station with the fewest people etc. In my old stuff i will gladly talk to you at the cruise in, show etc. but just driving and gas stop eat stops i hope nobody sees me, i don't want attention brought to my self i always down play anything i have just in fear of feeling like i have something better than they have. I never want to act like i'm better than anyone i just want to be as humble as possible......

[70cst]

Originally Posted by Hubscrub

I understand what your saying, my drive is only about 10 min. i would want to keep driving . This might sound weird but i don't like attention when driving my classics not in a stuck up way, i stop at the gas station with the fewest people etc. In my old stuff i will gladly talk to you at the cruise in, show etc. but just driving and gas stop eat stops i hope nobody sees me, i don't want attention brought to my self i always down play anything i have just in fear of feeling like i have something better than they have. I never want to act like i'm better than anyone i just want to be as humble as possible......

Gotcha...
Makes sense.

[LEEVON]

The problem I have with the driving to work restriction is that that IS where I go all the time...Hagerty told me that occasional pleasure cruising, if it happens to be to the office is ok. Now keep in mind the fine print strictly prohibits that. I work 6 days most weeks, if I can't cruise to my office then what's the point. And don't take their word for it...read the fine print! Just a caution...

[Legolas894]

Originally Posted by LEEVON

The problem I have with the driving to work restriction is that that IS where I go all the time...Hagerty told me that occasional pleasure cruising, if it happens to be to the office is ok. Now keep in mind the fine print strictly prohibits that. I work 6 days most weeks, if I can't cruise to my office then what's the point. And don't take their word for it...read the fine print! Just a caution...

Hey-Who said I was working? I was just driving by on my day off.....
I guess that would be the first thing they would ask "What happened?", "Well, I was on my way to work and ...."

[jocko]

Try to keep up.... apparently you missed the fine print - the issue is not wanting coverage while paying less than full rates. The issue is wanting to get full coverage for a nice daily driver at all, even through the normal channels you mention - which do not exist, and that is the whole point. Further, it is assumed that it would cost more than the limited driving/garage only policies. Thus the " I'd gladly pay double for my insurance, even triple..." comment.

So, if the thread is that boring or annoying, nobody is twisting your arm - stop reading it - clearly a few folks (you know, us same old whiners) are still interested.

[96blazr]

Originally Posted by jocko

The issue is wanting to get full coverage for a nice daily driver at all, even through the normal channels you mention - which do not exist, and that is the whole point. Further, it is assumed that it would cost more than the limited driving/garage only policies. Thus the " I'd gladly pay double for my insurance, even triple..." comment.

"which do not exist, and that is the whole point". My point exactly Skippy. Even though you might be willing, you can not. Again, you made my point. Get a DD and deal with it, just like the rest of us. Or, don't get a DD and use your truck as your DD, pay the "agreed" value and pray you don't get hit or you hit something.

Originally Posted by jocko

So, if the thread is that boring or annoying, nobody is twisting your arm - stop reading it - clearly a few folks (you know, us same old whiners) are still interested.

No. I'll read what I'll read and comment on what I want to comment on.

[E.Furgal]

yes it be nice if normal insurance would cover trucks or any vehicle of age. that has a worth.. like it was a newer truck..
I'd have no issue paying the 1200.oo a year that it cost to insure my sport trac. if when hit they didn't try to say my 71 was only worth 900.oo and use it daily..
the issue is insuring for daily use.. and paying 1000.oo for full coverage , only to have them tell you that sorry we book it at 500.oo sorry..

[jocko]

Originally Posted by E.Furgal

yes it be nice if normal insurance would cover trucks or any vehicle of age. that has a worth.. like it was a newer truck..
I'd have no issue paying the 1200.oo a year that it cost to insure my sport trac. if when hit they didn't try to say my 71 was only worth 900.oo and use it daily..
the issue is insuring for daily use.. and paying 1000.oo for full coverage , only to have them tell you that sorry we book it at 500.oo sorry..

Agreed. And one of the great things about the forum is that enough folks telling the insurance companies about what they would like to have can result in some changes toward that end, as evidenced by some of the minor improvements folks have mentioned about a potential Grundy stated or agreed (i forget which) value policy for dd's. Many of us would be ok with paying a little more as you mention - and when an insurance company sees $$, their interest might increase. The extra care most folks take with their old vehicles is a risk hedge for insurance companies. In other words, if you could get double the money out of the classic insurance market from truck drivers, and only 10% of them got into accidents... well, it's fuzzy math, but the biz case is there to be analyzed. Or we could just sit back, suck up the status quo, and deal with it and never attempt to fix any problems.

[elvis.donnelly]

We have the comprehensive coverage by the AARP Hartford for about 15 years now and we’ve never faced any trouble with them so far- great service, great rates. We had our coverage determined on the stated amount but I’ve heard that it’s introducing classic car insurance on the ‘agreed value’ in some states. You might want to check it out. You could always take a look at the AARP classic car auto insurance quotes on their website. Request to speak to an agent if you want to insure it as a daily driver.

[DeadheadNM]

Drudging up this thread as I'm currently going through the process of insuring my 72 Blazer. The example scenario I posed to Hagerty and Grundy was this: If I drive my vehicle a short distance for say a Saturday picnic at the lake and incur some manner of loss would I be covered. Their answer was no. Also, the Grundy representative was short to the point of being rude but the Hagerty rep was easy to talk with. I'm seriously considering GEICO collector car insurance (http://www.geico.com/getaquote/collector/) - their rep I spoke with did say that a loss incurred during occasional pleasure drives would be covered under their policy, which is for an agreed value. Anyone have a GEICO collector car policy?

[68jewel]

Originally Posted by DeadheadNM

Drudging up this thread as I'm currently going
through the process of insuring my 72 Blazer. The example scenario I posed to Hagerty and Grundy was this: If I drive my vehicle a short distance for say a Saturday picnic at the lake and incur some manner of loss would I be covered. Their answer was no. Also, the Grundy representative was short to the point of being rude but the Hagerty rep was easy to talk with. I'm seriously considering GEICO collector car insurance (http://www.geico.com/getaquote/collector/) - their rep I spoke with did say that a loss incurred during occasional pleasure drives would be covered under their policy, which is for an agreed value. Anyone have a GEICO collector car policy?

Why wouldn't Grundy cover it? I ask because I have had Grundy for about 10 years. I have never had 2 make a claim, but I'm curious as to if I ever have to.

[cericd]

Originally Posted by DeadheadNM

Drudging up this thread as I'm currently going through the process of insuring my 72 Blazer. The example scenario I posed to Hagerty and Grundy was this: If I drive my vehicle a short distance for say a Saturday picnic at the lake and incur some manner of loss would I be covered. Their answer was no. Also, the Grundy representative was short to the point of being rude but the Hagerty rep was easy to talk with. I'm seriously considering GEICO collector car insurance (http://www.geico.com/getaquote/collector/) - their rep I spoke with did say that a loss incurred during occasional pleasure drives would be covered under their policy, which is for an agreed value. Anyone have a GEICO collector car policy?

So what is their coverage for? Is the vehicle only insured when it is locked away in a garage?
Posted via Mobile Device

[DeadheadNM]

Originally Posted by 68jewel

Why wouldn't Grundy cover it? I ask because I have had Grundy for about 10 years. I have never had 2 make a claim, but I'm curious as to if I ever have to.

If I were you I'd call and pose some scenarios along the lines of non-car show/cruise use (trip to Home Depot of bag of nails say) and ask about what is/is not covered. Here's a link to their website: http://www.grundyworldwide.com/about.aspx

Originally Posted by cericd

So what is their coverage for? Is the vehicle only insured when it is locked away in a garage?
Posted via Mobile Device

My take is the Hagerty/Grundy policies are designed to cover classic vehicles that see no recreational use outside of an organized show/cruise...the GEICO policy seems to afford some "wiggle" room for limited recreational use provided some common sense is applied. For example, if I drive the Blazer to another town and stay in a motel - a loss would be covered provided the vehicle wasn't parked then stolen from a dark alley. All expect the vehicle to be stored in a locked garage at the owners home.