So i got a question. What insurance company does everyone use. I tried to get a quote but it doesn't go to the 60s.

 

I have State Farm. what kind of policy are you looking for? unlimited mileage, full coverage, classic antique with limited mileage? some insurance Co's will need an appraisal first.

 

I have a policy with Hagerty, full coverage with agreed replacement value (8k), no limit on miles. It includes flatbed towing coverage. BUT there are restrictions on the policy. It MUST be garaged, and can't be a daily/primary driver. I had to send proof that there is a vehicle for every licensed driver living here, and send them photos of the truck to bind the coverage. They did not require an appraisal. The policy is only like $150 a year, it was cheaper than getting liability only through my regular insurance company.

 

Yes, the Hagerty deal is really good, although its a collector car type of policy. They don't even want you to haul loads in you truck. I pay about 120./yr. I wish that were the case on my other cars. I took advantage of the free towing too, no questions asked.

 

The Hagerty deal is really good, but if you have non collector vehicle insurance on other vehicles, the policy has to be in your name in order to get the Hagerty insurance.

If the policy is in your wifes, other relatives or a pals names, Hagerty will not allow you to get their insurance. I dunno if you don't have any insurance, if you can get Hagerty insurance.

I went thru this jazz in 2004, I had to change our 21st Century insurance policy from She who must be obeyed's name to my name.

She wasn't PO'd, cuz when I became the policy holder, it was 200 bucks cheaper per year, cuz I have a better driving record (one moving violation ticket in 1981, one accident in 1962 that wasn't my fault).

I then insured 6 collector vehicles, the entire cost from Hagerty for full coverage (including unlicensed drivers) was less than 400 bucks total per year based on what I considered the vehicles to be worth.

There are other Hagerty 'caveats' to consider, like where the vehicle is parked, how many miles per year are driven and other fall-der-all. There was nothing said inre to my '65 F100 hauling loads.

 

I have GEICO, they told me to keep any receipts and I would be covered for what I have spent. Of course that doesnt cover my labor.

 

That's why I think the best route is an agreed value policy like hagerty has... I've seen all too many people get royally screwed over by their insurance companies when they had a loss with an older vehicle- often they got little more than scrap value. Even those lucky enough to get something back for the work and parts they had put in got very little back after the insurance company depreciated it.

I have my classic boats insured for agreed value for the same reason, in the event of a loss, there is no arguing about how much things are worth, that is agreed upon before the policy is even written. It comes in very handy with items like my boats, which are irreplaceable. Irreplaceable does not in all cases mean valuable, so "mainstream" insurance companies wont pay out much, if they'll even take your policy. Companies that specialize in collector vehicles understand this, and are much better to deal with!

If you can qualify for a plan like hagerty, and it meets your needs, it's about the best deal going. I can't say enough about their customer service- they are really great. I've never had to use the towing yet, but friends have, with great reports. They don't just call AAA to send out a wrecker, they dispatch a flatbed to you with Someone who knows the needs of a collector vehicle owner. I suppose it's in their best interest, since if they do it right you won't be filing a claim for damage caused by improper towing

-Andrew

 

The thing is, 21st Century will not give full value for collector vehicles and I doubt GEICO will either. These run of the mill, non collector vehicle insurance companies are infamous for this, regardless of what they claim.

And btw: GEICO has one of the WORST records for paying their bills. When I was a Ford partsman, none of the dealers I worked for would accept GEICO purchase orders for replacement parts (usually stolen wire wheel covers).

Most insurance co's paid their bills within 30 days, but GEICO took as long as SIX MONTHS to pay their monthly bill.

'Course, today GEICO is more than just a US Government Employee Insurance CO., and is owned by multi-billionaire Warren Buffet...so maybe they are now paying their bills on time.

 

I have full coverage from State Farm. I drive to much for the limited miles and i do town and haul so it was outta the question for hobby coverage. Just had to get it appraised for the value, came in at $5k

 

That's not really true. Unless the law in your state is something I'm not aware of, they're going to value it at market rate. The only thing receipts really help with is customizations, or non-standard parts. You really need a collector type of insurance policy for these things to be fully covered. Running under 'normal' insurance is a risk. The system simply isn't set up to deal with older vehicles.

As for the lizard and paying their bills, I think ND would find that's an ancient issue. Working for them as I do, I can tell you they are one of the most dependable bill payers around (at least in the region I work in). Speedy payment is everything to them these days. There are always exceptions and human screw ups, but even my tow truck guys love working for us.