The only thing that keeps me from owning 100s of vehicles is the insurance. If it wasn't for the insurance I'd literally have 6 vehicles on the road at a time. That being said, I've been thinking of picking up an older project that I can drive around town while I fix it up a little. Maybe a '66 Mustang or '79 Trans Am. The insurance on my truck is $2600 a year just because I'm 19. Until you're 21 in MA your insurance is as high as it can be. I can't afford to pay another $2XXX a year in insurance for a beater. I came across this antique insurance. Has anybody ever insured an older vehicle through something like this? I know that they have mileage alotments which is fine. Also, some require you to be over 26. That wouldn't help me out. Does anyone know if that is the owner or anyone who drives the car? Any opinions or what you are paying for your vehicle would be great.

 

There are many rules regarding collector plate/insurance.

Parades,limited mileage/year,etc

PDPL Insurance will always be expensive for young people.

 

I have it on my 65 Rambler. Without digging out the policy to check all the details: car must be kept in a locked/secure garage when not driven, can't be your only vehicle, there is a age limit as to drivers, can't be used in racing/competion events, mine does have a mileage limit. Check around as the differnet companies don't all require the same. Mine is with Haggerty, cost per year is 75.00 for me.

 

Thatnks for the info. I would love to have insurance for $75 a month lol. I've got to check into the age limit, I have a feeling that will do in all my hopes of cheap insurance!

 

Well I got a quote of around $100 to $140 a year which isn't that bad at all. The lady is checking to make sure that they can insure a 19 year old. She said that she was pretty sure I would be fine as long as I'm over 18 and have a perfect record (which I do). I'll just have to wait and see.

 

So what are the restrictions ?

 

I also have Haggerty on my 62 Fairlane 500 and the cost is also $75. $75 is the minimum premium as I have a neighbor that insured their MOnte Carlo for more and they had the same premium.

 

The one's that I know about are:
-You have to have a primary daily driver vehicle
-When not in use, the collector car must be in a locked garage
-You have to stay under your mileage limit
-Car has to be older than 25 years
-No racing of any kind (pro street etc..)
-No heavily modified engines (NOS)

There are a few others that I can't think of. The insurance agent said that we would be able to make something work with me being 19. He said maybe another $20 a year over my $140 estimate. In the end it's just pennies over the course of a year. Now I just need to find a car. Anybody know of a good 1977-1980 Trans Am Bandit Edition?

 

Ditto, Hagerty for 10 years, no problems. I pay around 3 grand a year for: 1934 Packard V12, 1939 Packard Super 8; 1962 Bentley Continental Flying Spur; 1963 Studebaker Super Hawk; two 1963 Galaxies, 1965 F100. Most of the 3 grand is for the 1934 Packard and the Bentley. For the rest, it's about 75-100 extra per car. You need to send them pictures, the VIN (or engine/serial numbers on the older stuff that don't have VIN's), and license numbers.


In order to have a policy from Hagerty (and J C Taylor), your modern car insurance policy must be in your name. If there's more than one person on the policy, you have to be the principle policy holder.

 

I have Condon & Skelly on my '59 Chevy ($67.00 a year 1,500 mile limit) and SNEED ($250.00 a year NO mileage limit) both have 100,000 - 300,000 liability, fire, theft, NO collision). As stated earlier, you must have a daily driver vehicle that has "regular" insurance.

SNEED stated they "want you to enjoy your classic" thus the no limit on mileage. I put about 4,000 miles a year on the F-100 but only 300 on the Chevy.

 

I had Grundy insurance on the '65 Mustang I had. The resrictions were bearable and they use a "stated value" for what the car is worth - no appraisal necessary. And you don't have to have "Antique" plates to have the antique insurance. Just register it first with regular insurance then switch to the antique policy and cancel the original. That way you don't have to worry about the police pulling you over every time you go to a Wednesday night car show.

 

I use Heacok Classic on all my stuff....have for many many years.
Very happy with them, and they price my stuff as to the real mileage I drive them a year, not just here is the price live with it.

 

Do you have to rub it in? Sounds like you have an amzing collection!