classic car insurance Options

[rfuerst911sc]

Hey guys I'm in Marietta Ga. for the weekend getting the wife settled in temp housing until we move. I've been trying to get insurance quotes from " conventional " ins. companies for the new house, the daily drivers and the two Porsches. While some of the quotes have been competitive on the Porsches I know I can do better. I just got a quote from Leland West for an agreed value policy on both Porsches for $30,000.00 each and the yearly premium is $320.00 each. This sounds pretty good. I have limited time to " internet search " this weekend so I thought I'd reach out to the world. Grundy was WAY higher and I'm waiting to hear from Heacock insurance. Any others to consider ? Neither Porsche is a daily driver and both will be kept/stored in the garage. I'm the only driver. And if an appraisal is needed how/where does that get done ? Thanks guys.

[Drums66]

.....with a stock car you really don't need special insurance (IMG:style_emoticons/default/idea.gif)
make your choice!!.....now with a heavily moded car?? (IMG:style_emoticons/default/confused24.gif)
(IMG:style_emoticons/default/bye1.gif)

[Tom_T]

.....with a stock car you really don't need special insurance (IMG:style_emoticons/default/idea.gif)
make your choice!!.....now with a heavily moded car?? (IMG:style_emoticons/default/confused24.gif)
(IMG:style_emoticons/default/bye1.gif)

Ummmm - NOPE! .... sorry, but I beg to differ! (IMG:style_emoticons/default/dry.gif)

It's not whether a car has been modified, fully restored, well preserved, or somewhere else in the spectrum, when you're talking about 20+ year old vehicles.

With a standard policy they only settle/pay what the Blue/Gold/NADA/etc. "Book Value" is on the car - regardless of it's true value as a classic/vintage vehicle - basically an adjuster low balled DD value & that's it!

Whereas the classic car policies value at the stated or agreed value - but the former sounds like one is open to the same adjuster low balling games!

It's kinda like us older farts needing more health insurance coverage for our aged bones! (IMG:style_emoticons/default/laugh.gif)

[Drums66]

.....with a stock car you really don't need special insurance (IMG:style_emoticons/default/idea.gif)
make your choice!!.....now with a heavily moded car?? (IMG:style_emoticons/default/confused24.gif)
(IMG:style_emoticons/default/bye1.gif)

Ummmm - NOPE! .... sorry, but I beg to differ! (IMG:style_emoticons/default/dry.gif)

It's not whether a car has been modified, fully restored, well preserved, or somewhere else in the spectrum, when you're talking about 20+ year old vehicles.

With a standard policy they only settle/pay what the Blue/Gold/NADA/etc. "Book Value" is on the car - regardless of it's true value as a classic/vintage vehicle - basically an adjuster low balled DD value & that's it!

Whereas the classic car policies value at the stated or agreed value - but the former sounds like one is open to the same adjuster low balling games!

It's kinda like us older farts needing more health insurance coverage for our aged bones! (IMG:style_emoticons/default/laugh.gif)

Uh Uh....Tom T.....the variables are endless for example ....age,length of time with 1 company, status & so on( don't tell me....you're an insurance clone??) (IMG:style_emoticons/default/poke.gif) (IMG:style_emoticons/default/popcorn[1].gif)
(IMG:style_emoticons/default/bye1.gif)(us old farts? speak for your self)

[Tom_T]

Uh Uh....Tom T.....the variables are endless for example ....age,length of time with 1 company, status & so on( don't tell me....you're an insurance clone??) (IMG:style_emoticons/default/poke.gif) (IMG:style_emoticons/default/popcorn[1].gif)
(IMG:style_emoticons/default/bye1.gif)(us old farts? speak for your self)

Whew - Ya lost me there Drums!!?? (IMG:style_emoticons/default/blink.gif)
.. I don't disagree with those factors, but don't see where you're going with it? (IMG:style_emoticons/default/confused24.gif)

.... & have no idea what you mean by "an insurance clone"?? (IMG:style_emoticons/default/confused24.gif)
I'm not in that business, if that's what you meant.

I was just pointing out the differences between the standard DD auto policy & a classic one is that you get to set a more reasonable value relative to what you have into the car &/or what it's really worth as a collector/vintage auto - as have most everyone else here.

If your 914 is just an avg. value/condition DD - & you don't have another DD car, then it's probably not worth the limits on the classic car policy. However, the issue may be more of what it's really worth in current value (vs. what you paid back whenever & what you've put into it since then), & if you'll get a decent replacement value settlement on a standard DD type policy if something happens to it!

When I checked with AAA for my 914 on their classic policy - it was about half the annual cost of the DD policy on either the "now classic" 85 BMW or 88 Westy - mainly due to differences in their usage - plus our kid(s) were on the other 2 cars as secondary drivers - but not as quoted on the 914. Even pre-kids they were $500-600/yr each vs. the $215 quote at $20k for < 5k mi/yr quoted on the 914.

I know another guy with a 59 356 that he wants to switch to a classic policy & get an avg. 914 as a DD to save insurance payments on that same basis.

So it's food for thought & worth checking out insurance prices with your company, whenever your annual or 6 month renewal comes up. I check mine every year with AAA. (IMG:style_emoticons/default/shades.gif)

(IMG:style_emoticons/default/slits.gif) As for old - well we've PM'ed before off-line & we're about a year apart, so we're both considered "old farts" by our kids & the young bucks on here - & one's kids have a tendency to remind us of that fact (IMG:style_emoticons/default/dry.gif) , unfortunate as that may seem! (IMG:style_emoticons/default/biggrin.gif)