We should be able to help each other by sharing our insurance costs. I am looking at my next year's renewal and the info is;
Company: American Modern
Limits; Bodily injury, $259k/person, $500k per accident (same for accidents by uninsured or underinsured motorists.)
Guranteed value, $40,000
Restrictions, Pleasure only, (no daily driver) and club events. No mileage restrictions
Pemium, $335.00 per year. (No increase over previous year)
Who else can share info with the members here?
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ps, Today I got a quote from Hagerty---$617 for the same policy.
Hagerty is actually cheaper than that in NY. My value is the same. I'm sticking with them, they've stood by me with three payouts, the last one quite a large one to rebuild the car. I'm at less than $550 a year.
Others here use American Modern and like it, so you should be OK.
With American Modern you can add a rider that allows you to use your car to drive to work. Obviously there is an upcharge.
I had my 69 BSA insured with Hagerty, bought a 74 Norton and then they got real picky on my garage,,BSA OK Norton No ,so i dropped them and went with Geico I live on acreage in N. Ca, private road,few neighbors, dogs let me know if someones coming,protected by Colt 1911, i most timesdont even lock the house or vehicles
had nothing but good results from Grundy on my cars, but they dont insure just motorcycles:{
I've used J.C. Taylor since the 1970's. You had to have 3 classic vehicles to qualify. Rates have always been reasonable. Last invoice for a years coverage; the Spyder and 3 classic motorcycles valued at $49k was $474. I should have been able to delete the Spyder and add the Speedster for $73, but because it is titled as a VW and not a Porsche replica it is considered as modified and will cost an additional $203. Total premium $677
I wonder if it would be possible to get a group rate?
Who do you use now, Jim? What are the policy terms?
Company: Geico Collector Insurance (Underwritten by: American Modern)
Limits; Bodily injury, $250k/person, $500k per accident (same for accidents by uninsured or underinsured motorists.)
Guranteed value, $50,000
Premium: $488.00. (I do have a ticket from 5/16 that effected the rate).
I had to have my car towed twice with zero issues. I had Hagerty on my previous speedster and this is cheaper even with the higher value and moving violation.
Company: Grundy
Limits; Bodily injury, $500k per accident, uninsured motorists $100k, property protection $1000k, spare parts $500, Towing and labor $250
Guaranteed value, $37,500
Restrictions, Pleasure only, (no daily driver) and club events. No mileage restrictions
Premium, $471.00 per year. This includes $192 for the Michigan catastrophe fund fee.
Company: State Farm
Limits; Bodily injury, $300k per accident, uninsured motorists $300k, Towing: Yes
Guaranteed value, $25,000
Collision Deductible: $1,000
Restrictions, Pleasure only, (no daily driver)
Premium, $284 per year
It's cheap, but it used to be much less expensive. My premiums went up 14% in 2016 for no reason and in 2017 they went up another 20%, again, for no reason.
My Broker's comment when I asked about these increases was...."Yes, I hate to say it, but our antique/classic rates have had two rate increases and vehicles valued over $20,000 was our biggest hit".
So helpful to have this info!
