Insurance time again

[greg g]

Just got my renewal, looks like the rate went up 10 bucks. Did a grundy quote and it came back about 12 dollars more than the Amerian collectors i have. heagerty was +50.

used $15500 for agreed value. Maybe I should increas it a bit. Just wondering what kind of value other's might be using and who you are with.

My new rate is 127 per year. Wonder if its worth chasing other quotes, also gotta thinnk about including the Stude truck.

[1941Rick]

Just renued my 41 P12 here in British Columbia.....government auto insurance....228.00 full coverage not with agreed value just estimated value 30,000. No restrictions.

[PatrickG]

Grundy has a different underwriter for agreed values above 20,000. So if you set your agreed value above 20k, you will actually end up with a lower premium.

I haven't tried this in awhile but it worked back when I was quoting different rates. So it may be worth a shot

[Don Coatney]

Is your insurer aware that your car is modified with an extra carburetor and more cubic inches than factory original? Those changes alone will up you to a modified car rating.

[Dan Hiebert]

I've been with J.C. Taylor from "the beginning". The D-24 has a $7,500 agreed value, and the Terraplane has $6,000. (I try to be realistic with this stuff, but I imagine I'd get bit in the rear if, heaven forbid, I ever had to actually replace one of them.) $182 premium for both cars. I've looked around a bit but all companies seem to be in the same range, I think most of these companies are underwritten by the same major insurers anyway.

[desoto1939]

It is very funny that you metioned Grundy Insurance company and their quote. They did a presentation on Antique vehicle insurance. They informed us they they build in an automatic increase every year to increase the value of the cars and trucks to keep pace with the increase in general.

They could not stress enogh the fact that we all need to have agreed upon value coverage on our cars. Your regular car insucance companies will cover your antique but you need tohave an agreed value and not a stated value.

Stated value is baiscally what you have on your regular car. Then you have an accident then they look at wear and tear other damage onthe car that was there but not from the current accident and then they start deducting to give you a final cost so you are alwasy in a lose situation.

In acutal value if you state 25k for the value of the car and it is a total lose thenyou get 25K. They also recommend that you send in pictures as you are going through your restoration color is the best. If the car is being restored in a resto shop take pictures of the resto in progress. Pictures are you best proof of what you did.

For the gentleman in Canada i would ask alot of questions arounf your policy if it is an actual value or stated value?

I insure my 39 Desoto for 15K and cost me arounf 125 a year. Also grundy has a no limit mileage policy you can drive your car unlimited mileage others have a limit of 2500 miles per year.

Rich Hartung

desoto1939@aol.com

[greg g]

When my car was initially reregistered and reinsured it was stock. I guess I have been following the DA DT model at renewal time regarding my extra inches and carburetor.

Kinda like with life insurance, I have been modified substantially over the years but since I continue my premiums, these modifications do not count against me.......

[Young Ed]

The only problem with that is you could find yourself with nothing or a giant legal battle in the event of an accident. I'll have to investigate what type of coverage I'll need for my next pickup with its rear end swap and T5.

[Plymouthy Adams]

I believe that most collector car insurers limit the HP boost to 60HP or less without penalties of higher rates..at least that was what I was informed when insuring my Tiger..that basically will cover a mild cam, four barrel and better exhasut..if you have pretty much left other stuff alone..

[Don Coatney]

I am insured with JC Taylor but the policy is actually issued by FOREMOST INSURANCE COMPANY. I am in the modified auto collector program with an agreed value of ten grand. I do not recall any questions on horse power. Unlimited miles, two fifty deductable on collision, annual cost $242.00.

[Young Ed]

I just checked this is what hagerty said on their site. "The degree to which a vehicle has been modified determines both its acceptability for our program and the rate at which it will be quoted. We consider a vehicle to be modified when the performance has been significantly increased, the body/chassis/frame has been structurally altered or a custom paint job is valued above $10,000."

[Plymouthy Adams]

bingo....I think a lot of companies have this in fine print...I know they asked me this point blank...my bud has Haggarity and has had to make two claims..never a prob..

[Young Ed]

So if Greg and Dons companies are the same way then I'd think they are both insured correctly. Of course its a big IF that both their companies are the same. I'm still afraid my T5 swap will land me in the modified sector as I will have to modify a frame crossmember for additional clearance around the transmission tailshaft.

[Plymouthy Adams]

Maybe..but I would think chassis mods to them is a clip, installed 4 link..etc etc..

[Young Ed]

Could be Tim. I'll make sure they know I have a 5spd and a 2bbl carb and leave it at that probably.

[greg g]

Model A guys are always upgrading for safety brakes, OD's 5 speeds etc for touring. Doesn't seem the ins companies have a problem with those types of things.

[1941Rick]

I had to re register the car as "modified". same rates...

[1941Rick]

Just stated value....

[greg g]

Just called, racing engines modified for competition, exposed engine, or engine accessories (blower, headers, intake stacks) Frame, chassis, suspension changes not deemed as safety enhancments or recognized as necessary for competition ie traction bars, wheelie bars, rolls bars or cages, conspicously raised or lowered are modified.

The underwriter said that bolt on changes not radically different than stock are OK as long as they are covered by the hood in the normally closed position. Basically carbs and manifolds are free, if originally equipped, fuel injection or forced induction or Nitrous are not. Transmissions and rear ends OK unless spacifically sourced from racing or competition vendors and or vehicles. Cutting the body or adding body panels to accomodate changes are not ok.

So headers within the engine compartment are OK, carving out the inner fenders to accomodate headers is not. Mounting larger wheels and tires within the fenders is OK, radiusing or flaring the fenders is not.

So a stock appearing vehicle with a engine similar to original equipment, and without competition parts, disc brakes, updated suspension similar to stock, conveience items like power steering, ac etc should be OK. I suppose if the uderwriter is having a bad day all this could go up in smoke.

[Al B. Bach]

This may be a dumb question but, do you guys have any suggestions for a good insurance company that will still allow the car to be driven any significant amount of the time? I have been looking at several companies and they all say the car can't be driven daily. We want to really enjoy our car and not just drive it to car shows but I would like to get better than just basic liability through Progressive.

Carl

[greg g]

You can usually pre determine annual milage. Also how to define occasional???

3 months out of 12 seems occasional to me. Usually the only caviat is that you have a more modern regularly insured vehicle that is used for routine transportation.

4 days out of 7 is not daily use, is it????

Usually the milage restriction is around 2500 to 3000. but most of thes companies will underwrite anything for a fee. Grundy for one has no mileage restriction.

[TodFitch]

This may be a dumb question but, do you guys have any suggestions for a good insurance company that will still allow the car to be driven any significant amount of the time? I have been looking at several companies and they all say the car can't be driven daily. We want to really enjoy our car and not just drive it to car shows but I would like to get better than just basic liability through Progressive.

Carl

If you want every day car insurance, you need to buy from a regular insurance company.

The reason the collectible insurance policies are so low is that they expect and require that the car is driven only on a limited basis. Regardless of how careful a driver you are, the more the car is on the road the more it is exposed to being in an accident. That raises the cost to the insurance company which means higher premiums for you.

[Al B. Bach]

I was thinking the same thing. It would be parked for most of the winter and we have a 84 Ford truck and an 82 Ford Fairmont that are our primary transportation. Not to mention our motorcycles.

Grundy, for instance, says that the car can only be used for pleasure driving. Does that mean that I can't drive it to work on a nice day or take my parents to the store in comfort and style. It just seems to me that, with these great cars, any driving could be considered for pleasure.

I guess we will just have to try and keep from driving it too much. That, of course, would be best for it anyway.

Thanks,

Carl

[martybose]

I had talked to Hagerty before I went with Grundy. I told them everything I had done to the drivetrain (which is a lot), but for Hagerty the dealbreaker was the 1-1/2" lowering blocks on the rear springs; Grundy didn't care about them. I guess if I replaced the rear springs with dearched springs I could have used Hagerty!

Marty

[james curl]

I drive my car almost daily and insure it and my 55 Chevy pick up with State Farm. I just carry comp and liability, less than $40.00 a month for each vehicle. Neither are garaged full time. The pick up is never garaged and the Plymouth is part of the time,mostly when it rains for days on end as the windshield seal leaks as do both rear quarter windows.