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06-23-2012, 08:34 PM | #1 | |
Newbee
Join Date: Jan 2010
Location: Phoenix, Arizona
Posts: 1,406
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Re: classic car daily driver insurance?
Quote:
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. |
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06-23-2012, 11:41 PM | #2 |
Senior Member
Join Date: Oct 2009
Location: Godley, TX
Posts: 17,964
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Re: classic car daily driver insurance?
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".... |
06-24-2012, 11:50 AM | #3 | ||
Registered User
Join Date: Apr 2004
Location: Las Vegas, NV
Posts: 2,188
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Re: classic car daily driver insurance?
Quote:
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: Quote:
Last edited by chevy72blu; 06-24-2012 at 01:51 PM. |
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06-25-2012, 09:07 PM | #4 | |
Registered User
Join Date: Aug 2003
Location: VA
Posts: 740
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Re: classic car daily driver insurance?
Quote:
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?
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1968 SWB. GMPP 350/350 Turbo Trans, Edelbrock Performer & Carb. Hedman Hedders, Hooker Aerochambers Mufflers. Tuff Stuff Alternators. Remember, no matter where you go, There you are. Gary |
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06-24-2012, 06:59 AM | #5 |
Registered User
Join Date: Aug 2009
Location: Alden NY
Posts: 2,705
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Re: classic car daily driver insurance?
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.
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1961 C1 Corvette 1959 El Camino 350 TPI, 9" 4 w disc 69 Blazer K5 - sold July '20 2021 Durango RT 5.7 |
06-24-2012, 10:55 AM | #6 |
Senior Member
Join Date: Oct 2009
Location: Godley, TX
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Re: classic car daily driver insurance?
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.
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06-24-2012, 11:15 AM | #7 |
Newbee
Join Date: Jan 2010
Location: Phoenix, Arizona
Posts: 1,406
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Re: classic car daily driver insurance?
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.
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06-24-2012, 01:54 PM | #8 |
Senior Member
Join Date: Oct 2009
Location: Godley, TX
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Re: classic car daily driver insurance?
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.
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06-24-2012, 08:43 PM | #9 |
Senior Member
Join Date: May 2012
Location: phoenix az
Posts: 447
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Re: classic car daily driver insurance?
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.
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06-24-2012, 09:48 PM | #10 |
Senior Member
Join Date: Oct 2009
Location: Godley, TX
Posts: 17,964
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Re: classic car daily driver insurance?
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.
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06-24-2012, 10:31 PM | #11 |
Cruzin
Join Date: Dec 2009
Location: on the road
Posts: 2,835
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Re: classic car daily driver insurance?
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.
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Lime Wife's 67https://www.google.com/url?sa=t&rct=...wZEMODaS2d94u8 Back to the Fifties 59 https://www.google.com/url?sa=t&rct=...NAeStpydfrcj_U Proverbs 3:5,6 "Thanks to the Interstate Highway System, it is now possible to travel across the country from coast to coast without seeing anything."Charles Kuralt In memory of our first baby daughter, daddy and mommy love you. Danica Grace 6/26/14
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06-24-2012, 10:36 PM | #12 | ||
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Join Date: Feb 2001
Location: New Madison, Ohio
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Re: classic car daily driver insurance?
Quote:
Quote:
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! |
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06-24-2012, 10:47 PM | #13 |
Cruzin
Join Date: Dec 2009
Location: on the road
Posts: 2,835
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Re: classic car daily driver insurance?
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......
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Lime Wife's 67https://www.google.com/url?sa=t&rct=...wZEMODaS2d94u8 Back to the Fifties 59 https://www.google.com/url?sa=t&rct=...NAeStpydfrcj_U Proverbs 3:5,6 "Thanks to the Interstate Highway System, it is now possible to travel across the country from coast to coast without seeing anything."Charles Kuralt In memory of our first baby daughter, daddy and mommy love you. Danica Grace 6/26/14
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06-24-2012, 10:57 PM | #14 | |
Senior Member
Join Date: Feb 2001
Location: New Madison, Ohio
Posts: 21,371
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Re: classic car daily driver insurance?
Quote:
Makes sense.
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A husband can be right...or...A husband can be happy. 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! |
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06-25-2012, 08:41 PM | #15 |
Registered User
Join Date: Jul 2006
Location: Ozark, MO
Posts: 4,887
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Re: classic car daily driver insurance?
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...
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06-25-2012, 09:00 PM | #16 | |
Chemist under the hood...
Join Date: Apr 2009
Location: Fort Erie,ON, Canada
Posts: 617
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Re: classic car daily driver insurance?
Quote:
I guess that would be the first thing they would ask "What happened?", "Well, I was on my way to work and ...."
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Current fleet: 2013 GMC Sierra, 5.3L, 4x4 1988 GMC Sierra, 305, Auto 1984 Jeep Grand Wagoneer, 360 V8 1997 VW Cabrio, 2.0L 2017 Toyota Rav4, 2.5L Stuff I wish I still had: 2013 Toyota Matrix [RIP] 1967 GMC 910 Fleetside, 283 V8 [1st Love-SOLD] 1987 Jeep Cherokee Laredo 4X4, 4.0 I-6 [SOLD} 1994 Chevrolet Caprice Classic, 5.7LV8 [SOLD] 1995 Chevrolet Astro AWD, 4.3L V6 (RIP) 1998 Chevrolet Suburban 4x4, 5.7L V8 [SOLD] |
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06-25-2012, 09:30 PM | #17 |
Senior Member
Join Date: Oct 2009
Location: Godley, TX
Posts: 17,964
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Re: classic car daily driver insurance?
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. Last edited by jocko; 06-25-2012 at 09:36 PM. |
06-25-2012, 10:30 PM | #18 | |
Registered User
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Location: VA
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Re: classic car daily driver insurance?
Quote:
"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. No. I'll read what I'll read and comment on what I want to comment on.
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1968 SWB. GMPP 350/350 Turbo Trans, Edelbrock Performer & Carb. Hedman Hedders, Hooker Aerochambers Mufflers. Tuff Stuff Alternators. Remember, no matter where you go, There you are. Gary |
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06-25-2012, 09:43 PM | #19 |
Account Suspended
Join Date: Mar 2012
Location: Abington,Ma.
Posts: 87
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Re: classic car daily driver insurance?
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.. |
06-25-2012, 10:48 PM | #20 | |
Senior Member
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Re: classic car daily driver insurance?
Quote:
Last edited by jocko; 06-25-2012 at 11:27 PM. |
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07-02-2012, 02:57 AM | #21 |
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Join Date: Jun 2012
Location: Lloyd, Florida
Posts: 12
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Re: classic car daily driver insurance?
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.
Last edited by ETsC10; 09-20-2013 at 10:18 AM. Reason: edited by staff per OP request |
07-24-2013, 04:05 PM | #22 |
Carpe manana
Join Date: Dec 2010
Location: Eau Claire, WI
Posts: 12,408
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Re: classic car daily driver insurance?
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?
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07-24-2013, 04:13 PM | #23 | |
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Re: classic car daily driver insurance?
Quote:
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07-24-2013, 04:22 PM | #24 | |
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Re: classic car daily driver insurance?
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Posted via Mobile Device |
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07-24-2013, 04:33 PM | #25 | |
Carpe manana
Join Date: Dec 2010
Location: Eau Claire, WI
Posts: 12,408
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Re: classic car daily driver insurance?
Quote:
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.
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