Classic Car Insurance

[LTb1ow]

I did a quick search and couldn't find anything.

Any advice, tips, or insight on picking a company to cover my car? Would like to get a agreed value on it and thats really my major concern.

[WildBillyT]

A bunch of us on here are with different companies.

I'm with Hagerty (which you may have spoken to) and they wrote me for a modified car policy. I had to provide a detailed list of parts and labor. If I wanted it covered it had to be on there.

You have a roll bar which might be an issue, but you also have paint where I do not.

Did you talk to them already?

[LTb1ow]

I did an online quote with hagerty and it was ~$1200 a year for a agreed value of 25k

[Blackbirdws6]

A bunch of us on here are with different companies.

I'm with Hagerty (which you may have spoken to) and they wrote me for a modified car policy. I had to provide a detailed list of parts and labor. If I wanted it covered it had to be on there.

You have a roll bar which might be an issue, but you also have paint where I do not.

Did you talk to them already?

They state a roll cage and not roll bar. Not sure what letter of the law they go by though. (NHRA or their own interpretation).

I did an online quote with hagerty and it was ~$1200 a year for a agreed value of 25k

Never hurts to call around to the other business. I am just under $900 at the same claimed value but older/married, no points, etc.

[BonzoHansen]

I use Hagerty based on I hear good things bout their claims handling and general lack of restrictions - which raises the price a bit. I pay around $400 or so for $20k on the Z and $10k on the 67

[LTb1ow]

Guess my age is killing my rate?

[BonzoHansen]

maybe. I just looked. I pay $448 for $20k on the Z and $15k on 67 :)

[Blackbirdws6]

maybe. I just looked. I pay $448 for $20k on the Z and $15k on 67 :)

Damn. I need to get older.

[BonzoHansen]

I suspect your modifications might drive it up. I know when I updated the list of things I did to the Z it changed the rating class used to determine premium.

Let's see if you still think that when my kids are of driving age!

[LTb1ow]

Any other companies cides Hagerty and Grundy?

[WildBillyT]

http://americancollectors.com/

ACI

[WildBillyT]

I suspect your modifications might drive it up. I know when I updated the list of things I did to the Z it changed the rating class used to determine premium.

Let's see if you still think that when my kids are of driving age!

When Hagerty rewrote me for modified my rates jumped up a lot. I want to say from $225 to $380. Same agreed value.

[Blackbirdws6]

Ahh ok. Guess I should have shortened the laundry list. Oh well. Still cheaper than State Farm was getting me for and they would have considered it a stock TA convertible.

[LTb1ow]

Quick quote from them with 25k agreed and 2k deductibles (lulz) was $453 a year

[DadsZ28]

I have grundy for the past 10 yrs. and they have been good. Agreed value was 15000 way back in 2005 and kept it that way every year when renewal time came up. it is around 350 yr. I was thinking of lowering it since the value has come down might be even be cheaper.

[V]

usaa offers collectors if you're eligible. That's where ill probably end up going too.

[amargari]

usaa offers collectors if you're eligible. That's where ill probably end up going too.

I have USAA for my regular insurance. They sent me to American Collectors Insurance for my classic car.

[V]

I have USAA for my regular insurance. They sent me to American Collectors Insurance for my classic car.


ah ok good to know Every time I talk to them about my cars they mention they insure classics, I kinda assumed they outsourced it, but thanks for the info.

[LTb1ow]

So far ACI is coming in cheapest, do any of you guys toss your regular DD on the policy as well, or do you maintain two car policies?

[BonzoHansen]

2. I don't think that is an option for hagerty

[Blackbirdws6]

2. I don't think that is an option for hagerty

Ditto.

[WildBillyT]

Ditto.

Thirded

[elle]

I used American in Cherry Hill.

[NJ Torque]

Nothing daily driver, FWIW.

Your age is what kills you, me included. My father insures the Camaro under his name.

[TaKid455]

So far ACI is coming in cheapest, do any of you guys toss your regular DD on the policy as well, or do you maintain two car policies?



I use ACI for the toys. I have 3 cars with them. 78 & 74 TA and a 56 olds. I pay 1400 or 1600/ yr for the three with 100, 50 & 35K coverage respectively. The 78 is the vast majority of the bill but spread over 3 cars it soothes the pain. I am over 25 and no points/ incidents. Here is the scoop:

1) you NEED a DD on a SEPARATE policy. Unless they offer DD coverage. State farm and Allstate do both. At least Allstate does.

2) B/C you are in NJ, rates may be different than others in different states., Deal with it or move out.

3) You will carry the same coverage on the classics as you do with the DD. I have higher per incident coverage as the savings isnt too significant and will save your ass if and when needed.

4) Some can you IMMEDIATELY if you enter a race track of any sort if not for a show. SHOULD you decide to liver dangerously, DO NOT post online pictures or vids of your car for people to see UNLESS you are in the show field. The insurance companies have people looking for just this. IF you have a high profile car, the changes of getting caught are greater as it will potentially be shared and talked about thus multiplying the 'hits'

5) Some won't can you but stop coverage after a certain pint on the facility which usually is the staging lines or entrance gate to the actual road course. For coverage thereafter, there are specialized racing insurance carriers. They are not cheap but you only get for the day of the event.

6) Most are pretty lenient on usage. Never had one check mileage HOWEVER if there is an incident they could figure out if you have abused the usage based on averaging mileage over time. Simple.

7) If you take it to work occasionally, no biggie BUT if there is an incident on the way or return be creative at the scene. Read the contract, there are lots of places that are allowed. These are leisure vehicles and not DD units. You have a beater or Hellcat for that.

8) Enjoy the car.

Note: 2015 was a big hike for most companies as they have absorbed increases in the past years. Agree or disagree, it was consistent among the collector car companies. Mine went up over 300. WTF

[BonzoHansen]

Hagerty has an explicit racing related endorsement added to their policies that spells out you are covered on the way to the track in the pits and even the staging lanes but you are not covered on the track itself.

You can buy one day racing policies, search the web, maybe the scca site

[WildBillyT]

Here's a copy of the NJ Competition Exclusion they sent me. Just to go on the record.

[LTb1ow]

I just want a agreed value policy, pretty much all I am looking for.

[IROCZman15]

EDIT: man, last time I read this was a few days ago before anyone mentioned ACI, so I just clicked reply instead of checking for the updates and looks like a few of you guys already covered ACI.


my original post was this... but you don't need to read it if you don't want to.

"American Collectors Insurance" based out of cherry hill.

I have had my car insured with them for 6or7 years now. They do an "agreed value" type policy, so I gave them the $ amount I wanted the car insured for and they just asked for a bunch of photos, a somewhat detailed list of parts and modifications and they wrote up the policy. I think I pay right around $410 per year for the car, which is insured in the neighborhood of $20,000 with a $1,000 deductible. I've put way more $ into the car than that, but as we know, the car value is not the sum of all of its parts.

They require the car to be garage kept in a solid structured garage (no tent type setups) and not be a primary/daily driver. I don't quite remember their EXACT policy about racing, but I do know that they don't ensure you for actually racing the car (as mentioned above haggerty might cover you in the staging lanes or pits..but.. I'm not sure how American Collectors worded theirs). At the time I got my policy I was mostly just cruising and doing car shows.

I have been fortunate that I've never had an incident where I needed to call them to file a claim so I can't speak to any of that aspect. I know for sure that a several other members on this board use this company too, as speaking to them on the forums is how I actually came to find out about American Collectors.


http://americancollectors.com/


WildBillyT or whomever else may know... So after reading the document you posted above, it clearly says that they don't cover you or the car or any personal injury sustained while actively racing or qualifying, or prepping the car.. which I totally understand, but it doesn't spell out if they cancel the policy for good, or "can" you, or if there are any penalties if you do race for a few hours. If it's just that they wont cover you for any claim you make, then from how I read it, you just have to take the risk if you do race that you will own any damage/injury yourself. but then as soon as you get the vehicle back onto a public roadway... your policy i back in full swing. Sound right ? (for ACI specifically).

[Artful Dodger]

I haven't tried them, but I've heard good things about them... Local company in NJ! They have a Collector Camaro category under muscle cars

http://www.condonskelly.com/

[WildBillyT]

EDIT: man, last time I read this was a few days ago bfore anyone mentioned ACI, so I just clicked reply instead of checking for the updates and looks like a few of you guys already covered ACI.


my original post was this... but you don't need to read it if you don't want to.

"American Collectors Insurance" based out of cherry hill.

I have had my car insured with them for 6or7 years now. They do an "agreed value" type policy, so I gave them the $ amount I wanted the car insured for and they just asked for a bunch of photos, a somewhat detailed list of parts and modifications and they wrote up the policy. I think I pay right around $410 per year for the car, which is insured in the neighborhood of $20,000 with a $1,000 deductible. I've put way more $ into the car than that, but as we know, the car value is not the sum of all of its parts.

They require the car to be garage kept in a solid structured garage (no tent type setups) and not be a primary/daily driver. I don't quite remember their EXACT policy about racing, but I do know that they don't ensure you for actually racing the car (as mentioned above haggerty might cover you in the staging lanes or pits..but.. I'm not sure how American Collectors worded theirs). At the time I got my policy I was mostly just curising and doing car shows, but now I definitely plan on getting into more racing, auto-x and road course type events, so I'll have to examine that or give them a call.

I have been fortunate that I've never had an incident where I needed to call them to file a claim so I can't speak to any of that aspect. I know for sure that a several other members on this board use this company too, as speaking to them on the forums is how I actually came to find out about American Collectors.


http://americancollectors.com/


WildBillyT or whomever else may know... So after reading the document you posted above, it clearly says that they don't cover you or the car or any personal injury sustained while actively racing or qualifying, or prepping the car.. which I totally understand, but it doesn't spell out if they cancel the policy for good, or "can" you, or if there are any penalties if you do race for a few hours. If it's just that they wont cover you for any claim you make, then from how I read it, you just have to take the risk if you do race that you will own any damage/injury yourself. but then as soon as you get the vehicle back onto a public roadway... your policy i back in full swing. Sound right ? (for ACI specifically).
- Another question I've been curious about and I actually pulled out my aper copy of my policy.. is whether or not they insure cars that run nitrous oxide setups. Many years ago when i was deciding between insurance carriers, I thought I read somewhere on some piece of paper that ACI would not insure any vehicle with nitrous. Now after reading my policy and other paperwork I can't find anything about allowing/disallowing nitrous kits with ACI. Before I go and call them up to ask, does anyone here remember this being so?

To be honest I don't feel comfortable answering that. I think that's a question for a company rep to answer.

If I had to guess I'd say they just don't cover you during competition/wherever the sheet says you are excluded- not that they cancel you. But I am not the authority on it.

[LTb1ow]

I haven't tried them, but I've heard good things about them... Local company in NJ! They have a Collector Camaro category under muscle cars

http://www.condonskelly.com/

Thanks! So far for 25k declared value, they are the cheapest with ~30 buck a month.

[BonzoHansen]

To be honest I don't feel comfortable answering that. I think that's a question for a company rep to answer.

If I had to guess I'd say they just don't cover you during competition/wherever the sheet says you are excluded- not that they cancel you. But I am not the authority on it.

My gut is they would deny a claim for damage occurring during an excluded activity, as per your policy language. They may or may not choose to non-renew you but I don't think they'd cancel you unless you are committing fraud - like lying about when damage really occurred. I don't know the NJ laws about auto cancellations but there are related regulations.

[WildBillyT]

My gut is they would deny a claim for damage occurring during an excluded activity, as per your policy language. They may or may not choose to non-renew you but I don't think they'd cancel you unless you are committing fraud - like lying about when damage really occurred. I don't know the NJ laws about auto cancellations but there are related regulations.

Regulators. We regulate any crashin' of your property and we’re damn good too. But you can’t be any geek off the street. You gotta be handy with twisted steel, if you know what I mean — earn your keep. Regulators, mount up!

[Blackbirdws6]

Seems I'm getting hosed by Hagerty lol.

[IROCZman15]

Regulators. We regulate any crashin' of your property and we’re damn good too. But you can’t be any geek off the street. You gotta be handy with twisted steel, if you know what I mean — earn your keep. Regulators, mount up!


HAHAHAHAHAHA !!!


yea, maybe I'll give them a call just to clear up a few of my questions. Or send an email, so I have their responses in writing.

[IROCZman15]

welp, so this may help a few people out. I decided to call up ACI and ask about what happens if one were to race their insured car or use it at a timed-event. They told me that racing a car that is insured by them would instantly void the policy. So it appears that while other classic insurance carriers may just not cover you for damage incurred during the event, ACI totally does not allow racing of any type, and doing so will cause the policy to be voided and not able to be renewed or reactivated.

As for nitrous systems on an insured car, they only allow it on a "case by case basis", such as for show cars or non-race type cars. They will require photos of the system and then will determine if they will insure the car or not. Superchargers and turbocharger systems are ok, I was told.


These were not the answers I wanted to hear, especially the one about racing. I myself will have to seriously think about what to do and where to go with the insurance in the future. If someone else wants to call them and see if you get the same answers feel free. I don't feel like changing insurance companies, but now that my cars path is to be more than a cruiser, I was really hoping to try some test/tune sessions or an autocross event.... now, I really don't know what to do.

Hope this helps clear up anyone's thoughts on American Collectors Insurance.

[TaKid455]

Regarding ACI & racing, go back and read my post.

The other companies charge more but do tolerate racing. If you are more cruiser than not, I'd take ACI and wing the exhibition events. When the car/ you become for serious in those events, switch carriers.

[6spdg37s]

i had american collectors on my c5 z06. When I sold that I ended the policy. I just purchased another policy with them today guaranteed value on my 01 SS.

My understanding of car insurance is if you crash racing (street or on the track) there not covering you either way.

You can purchase supplemental racing insurance thru another company I believe.

To be honest you are probably safer drag racing on a track than driving down the street on a public road with all the ******** that can't drive, are texting, drunk, high whatever.

[LTb1ow]

Bumping this up, never followed though last year and really have decided to do this.

Grundy is quoting me at three times less than Hagerty, with the same coverage numbers.

Final thoughts before trigger is pulled?

[BonzoHansen]

Go Grundy

[edpontiac91]

Seems I'm getting hosed by Hagerty lol.
I have had Grundy for almost 20 years and their rate was ALWAYS the cheapest. When I looked at Hagerty last year (just for kicks) they were WAY MORE expensive than what I had. Even looking back, I always had $20,000 on the Formula and when it came time to put it to rest (totaled) they paid that amount with out a single quibble. Highly recommend them!

[Blackbirdws6]

I'm going to estimate I was a bit honest with the HP which dictated the higher rate.

[LTb1ow]

Hagerty denied me, so we shall see how Grundy does.