car insurance questio
08-13-12, 07:39 AM
#1
Senior Member
Thread Starter
iTrader: (1)
Join Date: Apr 2010
Location: buffalo grove IL
Posts: 281
Likes: 0
Received 0 Likes
on
0 Posts
car insurance questio
i have a 79 and i havent been able to find cheap insurance. i was just wondering what car insurance company you guys have. magnum insurance is charging me 300 dollar deposit and 100 dollars a month. im 22 yrs old with no accidents or tickets
08-13-12, 07:59 AM
#2
死*神*
iTrader: (4)
Join Date: Apr 2008
Location: Delaware
Posts: 728
Likes: 0
Received 0 Likes
on
0 Posts
go with hagarty if you want dependable coverage but the other companies are hit an dmiss. just try them all to you find the one you like. Hagarty quoted mine at $20k car value which isnt bad for a 79 with ls1/t56/8.8 with all the respeed goodies I got. That company will send an adjuster to your house to prepare your quote and they base it off of the value you put into the car as well as its KBB value. I think KBB says my car is worth $4200
08-13-12, 09:31 AM
#3
Ask me about my wankel
Join Date: May 2006
Location: Bay City, Michigan
Posts: 571
Likes: 0
Received 0 Likes
on
0 Posts
I have All State now and only pay $40 per month with full coverage. And at All State the value the car at what you say its at (You pay for it anyways). I currently have mine insured at 8k. But going ot up it. And around $60 per month when I was at AAA.
But All State is good, I had a oops that was about $1,700 for a dented fender. They were quick and there was no issues getting it fixed. I'm not a fan of classic car insurance. You are usually restricted on how and when you can drive a car insured threw them. Last time I was quoted from hagarty they stated they would prefer it only be driven to shows and occasionally on weekends. It couldn’t be driven to work and if there was an incident it may not be covered.
But All State is good, I had a oops that was about $1,700 for a dented fender. They were quick and there was no issues getting it fixed. I'm not a fan of classic car insurance. You are usually restricted on how and when you can drive a car insured threw them. Last time I was quoted from hagarty they stated they would prefer it only be driven to shows and occasionally on weekends. It couldn’t be driven to work and if there was an incident it may not be covered.
08-13-12, 10:16 AM
#4
Waffles - hmmm good
iTrader: (1)
Thats about to change! 
Your age + a sports car == high rates. Collector insurance like Hagerty is cheap
because they assume its not a DD, that its driven rarely and when it is driven, its
very carefully driven. Which would apply to any high dollar collector car.
Sounds like State Farm is a good deal, especially of they give you an agreed value
clause. Which you need or else any accident will default to a totalled vehicle based
on the blue book values today.
Your age + a sports car == high rates. Collector insurance like Hagerty is cheap
because they assume its not a DD, that its driven rarely and when it is driven, its
very carefully driven. Which would apply to any high dollar collector car.
Sounds like State Farm is a good deal, especially of they give you an agreed value
clause. Which you need or else any accident will default to a totalled vehicle based
on the blue book values today.
Trending Topics
08-13-12, 10:34 AM
#8
I have Hagerty with my SA. I have it covered for $5k now and I just had to send them pics and a mod list. I pay ~$300 a year. I plan to up my coverage, and possibly switch to Grundy now that they'll cover me (you have to be 25 for Grundy). When I last checked Grundy was ~$100 a year at the same coverage.
08-13-12, 10:24 PM
#14
Work in Progress
iTrader: (9)
Join Date: Aug 2006
Location: Minneapolis
Posts: 569
Likes: 0
Received 0 Likes
on
0 Posts
I pay $59/month to insure 4 cars with Progressive. Granted this is liability only. I would never pay high premiums for cars that are still all over and I don't believe for a second that any insurance agency would ever pay what you have your car "appraised" for.
08-13-12, 10:29 PM
#15
I have the hartford group and am a 21 year old male, turn 22 in a week. my insurance for liability is $15 a month. i asked them for a quote on full coverage and i believe it was $40 a month. though i pay them in six month intervals, but that is what the price was after dividing by 6.
08-13-12, 10:29 PM
#16
rotorican85
iTrader: (9)
Join Date: Sep 2005
Location: en el culo de texas...
Posts: 900
Likes: 0
Received 0 Likes
on
0 Posts
i insured my gsl-se, with all the mods (fd motor, turbo, ecu etc) for $268 a year. this also includes my 57 porsche speedster in the $268. the porsche has 1300 miles allowed per year and a $30,000 agreed value coverage while the 7 gets 6,000 miles per year at a $15,000 agreed value coverage. i went thru north american home insurance.....they will insure what grundy and hagarty wont at way better rates.
08-14-12, 11:22 AM
#20
bcrotary.
Join Date: Jul 2010
Location: Abbotsford, British Columbia
Posts: 513
Likes: 0
Received 1 Like
on
1 Post
Wow, you guys are blessed. I pay $260 a month albeit not on collector's insurance but still. It's the same amount as my T2. In BC if it has 2 doors and it classified as a sports car and you're 20 like me you get no breaks. It's worth it to drive an RX7 though.
08-14-12, 03:38 PM
#21
Sounds about right for liability and that age.
Turn 25, add multiple car, home owner, comprehensive insurance, and you'll be paying about $89.
Better yet get married.
If you're in school, and have decent grades the good student discounts are usually pretty generous.
Turn 25, add multiple car, home owner, comprehensive insurance, and you'll be paying about $89.
Better yet get married.
If you're in school, and have decent grades the good student discounts are usually pretty generous.
08-14-12, 08:21 PM
#23
Jolly Green Giant
iTrader: (1)
Join Date: Feb 2008
Location: San Antonio, TX
Posts: 509
Likes: 0
Received 0 Likes
on
0 Posts
My guess is location plays a big factor as well as company.
I bought my GSL-SE when I was 18 (almost 22 now) and my insurance was $65/mo, within 2 years it dropped to $45/mo until I "put it into storage". I believe if I pull it out of storage right now it'll be about $80/mo for both my RX-7 and Tempo (DD).
I have USAA and my coverage is liability plus uninsured motorist protection because San Antonio has a rampant problem with uninsured drivers.
I bought my GSL-SE when I was 18 (almost 22 now) and my insurance was $65/mo, within 2 years it dropped to $45/mo until I "put it into storage". I believe if I pull it out of storage right now it'll be about $80/mo for both my RX-7 and Tempo (DD).
I have USAA and my coverage is liability plus uninsured motorist protection because San Antonio has a rampant problem with uninsured drivers.
08-15-12, 12:26 PM
#25
Full Member
Join Date: Feb 2006
Location: NY
Posts: 69
Likes: 0
Received 0 Likes
on
0 Posts
No we just buy it as insurance. There are tons of unpredictable and unavoidable accidents that can wreck your car. Deer, other animals, and road hazards can cause wrecks. There can be hit-and-runs, and other cars that can't be identified, etc. Even falling trees. Without agreed value full coverage you will be SOL. When just a decent paint job alone costs $5,000 to $10,000 insurance companies will try to avoid paying full value. Make sure you get AGREED VALUE through a reputable company like Hagerty, Grundy, etc.