IrishLegend

Is it cheaper to insure an '82 OB than it is to insure say an '88 S4?

Marine Blue

Not sure about other states but in MA it is.

Rob Edwards

Data point, since the GT turned 20 years old on 1-10-10:


My cars are currently insured thru USAA- The GT is $416 a year. USAA partners with ACI so I called them and Hagerty.

Hagerty quoted me $483/yr for a '90 GT, 300/300 bodily/300/300 UIM, clean record, agreed value of $25K, 2500 miles/yr. Same quote from ACI is $349. Hagerty seems somewhat more liberal about acceptable use. ACI was happy to take my money today, while Hagerty's policy is contingent on photographic proof of condition and approval by one of their underwriters.

IIRC it was Grundy that gave Sterling a hard time? Seems to be a discussion that got deleted (?)

linderpat

Thanks for the clarification. I have "agreed value" with them.

sanjay28

Thanks for the info. I'm actually in NC and Hagerty turned out work pretty well. I hope to be able to attend some of the 928 events, but in reality, with 3 young kids and a wife that works, I don't think I will be able to attend many.

We usually don't have long periods of time when the weather is bad - that could be a problem in terms of miles. I'll just have to keep a eye on that and weigh my options where it becomes an issue.

pcar928fan

Back a couple years ago when I checked with Hagerty they were very specific (and I specifically asked) that if you were NOT involved with some sort of CLUB FUNCTION and you wreck your car...TO BAD! I was really shocked and surprised and went with JC Taylor at that point. I left Leyland West because I was tired of their crap every year of filling out the mileage form and then dealing with their idiots who didn't seem to understand the difference between miles and kilometers. Products of their CA schools I guess!

hacker-pschorr

Depends on a lot of factors, in my case not really because the difference is so low. Like $10 over six months if it's even that much.

utjmac

Interesting data point Rob. I have my insurance through USAA also, as is my home and other two vehicles. Mine is almost as much as my wife's car, ~180/month for the 86 S3. I need to inquire to specialty insurance through ACI.

Thanks!

James-man

Multi-car discount helps. "Pleasure use only" helps. Good driver discount (no points or accidents) helps.

$2600/year sounds steep.

I think I still have a "mandatory" $1000 deductible for having a high performance car.

pcar928fan

Brian,

I don't think I mentioned it but I have a stated value of $10k on my '81 and my insurance is about $200/YEAR with JC Taylor on that car!!!

shawscove928s

I have done all I can to aid you in your quest for the right insurer. If you believe what the agents tell you and don't get your specific use approved in writting, then the denial of your claim is YOUR FAULT, not your insurance companys.
The loaf of bread story is true. My nieghbor lost just over $30 grand plus attorney fees because of this. Yes the courts sided with the insurer.

jayc67

I have no doubt the story is true but without seeing the wording his specific policy it's difficult to know what actually happened. The policy doesn't exclude it, and that's how policies work, they EXCLUDE things. You're not likely to get an insurance company to put in writing what is INCLUDED, since that's not how most policies work. If you go that way you would have to get them to INCLUDE almost every conceivable use of the car or they could deny coverage. The policy would be 400 pages long.

If you stopped for bread, on a Sunday, with the temperature below 50 degrees, is that included? If not, claim denied since it was warmer than 50 and that's not in the policy. That's why it's done the way it is with exclusions rather than inclusions.

So, do you have any info on what really happened? Do you have the section of the policy that's different in your coverage? What is the wording in your policy as far as acceptable use of the car?

I'm not arguing with you but I would like to see the specifics of the contracts. As you know, going off what they tell you on the phone is pretty much worthless.

It's shooting in the dark to just say "they didn't cover it because he bought a loaf of bread". It seems like there is VERY much more to this story.

As the story is told, if I stop at the gas station to fill up on the way home from a car show and someone hits me I have coverage, but if at the same time I had gone in to buy bread while the gas was pumping I would not have coverage. There has to be more to it that he didn't tell you.

I have no affiliation with Hagerty at all, and I want the best coverage I can find but.... If this kind of thing were common they would be out of business by now, no one would buy their policies. There must have been some other extenuating circumstance around this and it would be really good to know what it was.

sanjay28

Turns out this was all for naught!

Hagerty will not cover me because they went back 5 years on both mine and my wife's records and found 6 tickets total. This was too much for them - i can apply again next year after 3 of them come off our records.

I'm back to the only insurer that will provide coverage (State Farm) at $2100 per year. It's steep, but my lead foot has caught up to me and i don't see any other options.

The good news is that they don't have any mileage limitations but the bad news is I can't get an agreed value. Looks like I just need to be extra careful. I did not plan on doing any after market upgrades so that helps a little in terms of the value.

hacker-pschorr

+1

Friend of mine has Hagety, wrecked his vintage Corvette on the way to work and it was covered.

Tom928

I have talked with several insurance agents, people in the field, other people that filed claims etc and they all agree on this; you get what you pay for.

When I see the cheapest $$$..... I think cheap coverage. Ask what the coverage is for those cheap rates.
50/50/10 is normal and most court cases settle for alot more than $50,000 these days.
Good insurance coverage is more like 500/500/300 combined with your home insurance in an umbrella plan.

I pay $1680 per year for 500/500/300 $1000 deduc for 6 vehicles; 2-Porsche 928's(full cov), 2-Chevy blazers(liab only), a Jeep cherokee(liab only) and a Honda accord (full cov for 23y/o driver) with the umbrella.

It maybe expensive; however, I know that if I go to court I don't lose my kids college money or have to sell my house to pay a law suit.
Also the collector car insurance companies have to many limitations. I got my Porsche to drive it. The '81 is a daily driver and I put 30,000 miles on it since 9/2005.
That's way over the 5,000 miles they usually allow.

Cheers,