foamx

I spoke with USAA this morning and it would be about $600 a year for full coverage (liability etc) based on the NADA value. To add a classic policy is $390. The car will be a weekend/nice day driver. The classic car policy does not cover theft from parking lots or other damage incurred while I'm not 'at the wheel' and away from home. What do you all recommend in a policy? Seems like combining a regular policy with the classic car would have some overlap but I'd want to be covered if some yahoo steals the car off the street while I'm eating dinner somewhere.

Lawrence

logan2z

FWIW, I'm also in the market for collector car insurance for my '95 993. I got a quote from Hagerty today that was a lot higher than I was expecting: $895/year with a 5K mile/year limit. Maybe this is because Hagerty made me classify my car as an 'Exotic' because 'Stock' vehicles are model years 1986 or older, according to their definitions. For comparison sake, American Collector quoted me $640/year for the same mileage limit and agreed value.

DesignerGenes

I recently switched to MetLife Auto and Home from Progressive. They give me a full year policy, on which I have 4 cars. My 2005 911 Turbo S runs about $1,200 a year (almost double what each of the other cars costs). I have a nineteen year old boy on the policy.

MetLife beat Progressive, who nobody had come close to for years. Progressive boosted my premium because of a not-at-fault (old lady ran red and T-boned my son's car) accident, so I got rid of them!

84 cabriolet

Haggerty. Great to deal with, very reasonable.

RSWiser

If you are is 25 years old or older it would classify as a Classic Car.

If you have other cars insured that are your daily drivers and you use your Porsche for pleasure drives, you could save quite a bit by using a classic car policy.

One of the main differences with standard companies and Classic car insurance companies is how they insure the vehicle. The standard policy may have a "Stated Amount" of coverage, say $25,000. If you read the form "Stated Amount" mean actual loss up to $25,000. If your car is totaled and they can find your year and make for $20,000 that is all they have to pay. With the Classic Car policies, most of them use "Agreed Amount". If youe car is totaled or stolen, you get the agreed amount.

As an insurance agency I insured my classic cars with Hagerty.

ricster

Mine car is ssured with a stated value of 38k 500 per year. great american which was bought by infinity

sj340

I use Hagertys.I have never had a claim,but I have never heard of problems and I don't believe I have a mileage restriction.I drive less than 5000 miles per year,so that was not a concern anyway.I did have to provide proof that I had another car insured as a daily driver and had to supply pics.

Be careful of the "stated value" policies compared to "agreed value" policies.
From what was explained to me the companies that offer stated value will charge a premium based on that value,but in the event of a claim can reduce that to market value if it is less.Agreed value is a policy that pays the agreed value no matter what the current market may be.

Insurance agents please chime in as I am interested in verification of this.

HarryD

Interesting. I have State Farm with a "non-collectors/garage queen" extra car policy. I do not have a stated/agreed value clause. When my 16 yr old got her licence, after discussion withmy agent, they allowed to keep my significantly lower 911 rate as a "pleasure" car but I had to agree that my 16 yr old would NEVER drive the car.

white99c2

I also have Hagerty, insured for $15K, zero deductible on collision and comprehensive, $275.00 per year.

Scott Lenger

+1 - when you need them they are there and very fair. Over the years I've had a homeowner's claim and 2 auto claims and every time they responded rapidly and came in with a very fair offer.