Insurance Costs
#1
Drifting
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I just got a quote for the Silver Wheels classic car insurance for $345/yr! The car has to be 15 years old and have no major engine mods. This is for $2M liability, $40k insured value, $1000 deductible and there must be an appraisal. Its great having a classic!
#3
Rennlist Member
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Definitely a great program: I've been on this policy for several years ( with 928's and BMW) - my '96 has to wait until next year, but will enjoy the 70% rate reduction ...
#4
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#7
Drifting
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Also, when you say its $2m liability, does your coverage also include $2m in coverage for underinsured or uninsured?
Best regards,
Dino
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#8
Drifting
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I can't say if there are comparable policies available in the US. You would think so. I guess our cars are only just becoming classics according to the auto insurance biz. I've had muscle cars the last 10 years so I'm accustomed to the low premiums. ![Smilie](https://rennlist.com/forums/images/smilies/smile.gif)
Windshields run around $1000 up here for the 993. I've rarely carried coverage over the last 30 years and have fared well.
![Smilie](https://rennlist.com/forums/images/smilies/smile.gif)
Depending on car, not having glass replacement could be pretty costly on some classics. One of my cars had a rock shoot up and crack the glass. The windshield, its trim, and labor to install it would have been $4,500 out of my pocket if I did not have glass coverage. So be careful.
Also, when you say its $2m liability, does your coverage also include $2m in coverage for underinsured or uninsured?
Best regards,
Dino
Also, when you say its $2m liability, does your coverage also include $2m in coverage for underinsured or uninsured?
Best regards,
Dino
#10
Drifting
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Best regards,
Dino
#13
Nordschleife Master
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Vampires! I just dumped State Farm because I got a quote from Liberty Mutual that cut my insurance costs in half for the cars and the house for the exact same coverage. The 993 went from $1100 to $480/yr! So much for rewarding loyalty. When I inherited my parents house and cars they had been insured by State Farm since 1939, so they just lost a 70 year customer. When financial advisors tell you to shop around for insurance once a year they know what they're talking about.