that's total and complete BS, those lights blind the **** outta me when im driving, and the tall SUVs and trucks are no better

Nice descriptions....

I just wanna know if I can stick the camaro on my regular policy, and declare it as a limited use/weekend toy vehicle, and still get a collectors registration.

- Justin

Yes. They only cares about liability insurance.

The primary difference between Collector Car Coverage and Standard Coverage is how your vehicle is valued in the case of loss.

*CCI uses Agreed Value. My 77 is insured for up to $10k. No mater what (theft, fire, etc.), in the event of loss, I get up to that much. They can’t total it for $500. The reason the costs are lower is all of the restrictions on it designed to lower the risk. It must be stored in a locked garage, you must be 25+ years old, it can’t be daily driver, you can’t have points (at least at initial application). Some put mileage limits on you too. Hagerty does not. All of that reduces the risk. Lower risk means lower premiums. BTW, the insurance comapny does not care about registration type.

*A regular policy is Stated Value – better known as book value. What do you think book value is on my 77 Z28, $1000 or less? They use the value as a negotiating tool when claim time arises. I lost my first car, a 76 Camaro LT, to an idiot making a left in front of me. His insurance company tried to give me $200 for it (plus take the car-that is what happens when a car is ‘totaled’, they take it to sell & recoup some costs). I ended up with $700 and I got to keep the car w/a salvage title. You will never get fair value in these circumstances. And w/o the added restrictions, premiums are higher. Why pay $700 a year in comp & collision if they are only going to give you $800 in the case of loss. BTW, again, the insurance comapny does not care about registration type.

Again, the state only cares about bodily harm & property liability – damage you cause to others – that is the law. 15/30 I think is minimum, which is ungodly low. That means if you wreck a guy’s new Z06, they only pay $30k of it. You are personally on the hook for the rest. And his insurance company (that is making the initial outlay for repairs) will come a knocking. (no fault in this state does protect you to a point, but you get the drift).

Does all that make sense?

Plus they are DOT approved OE equipment on those cars. Don't lose sight of that important fact.

Yup, makes sense to me. My dad went all through the reasons not to get bare minimum insurance with me a while ago when I was looking at policies from NJ Cure. He looked at what I had selected and asked what I was gonna do to come up with $100k if I totaled someone's brand new AMG with only $30k covered by my insurance.

This is good. Now I don't have to worry about trying to get a collector's insurance company to cover me (since I'm still 24 and the car is an '87, every place I talked to already said that either I was too young, or the car wasn't old enough yet). Now I just have to see what they will do for agreed upon value.

- Justin

I'm told State Farm might write AV policies, an NJ Manufactures might. But with mainline insurance, you are likely going to be SOL.

I know NJM does, Tim has one setup on his '76 I think. And ETS finally joined the NJBIA, so I can apply for insurance there. I might do that.

- Justin

ok, so since all the camaro has is liability, then I can declare it with geico as a limited use vehicle (which come to think of it, they asked if thats what it was used for when we added it to the policy) and switch registration over to collectors?

~Ted

Correct, that is what Ive been trying to tell you, you dont need it.

I guess seeing it written "must show proof at time of odometer verification" is what makes me nervous

~Ted