[QUOTE=Shooter00;9146144]

Another question that just occured to me...Since so many of us do our own work on our trucks, how does an insurance company handle cutting the claim check? The claims I've filed in the past have been settled by paying my body shop directly, and then I cut the dedutibe check to the body shop.

I can state this, if it is a house claim under home owners insurance, if you decide to do the work, they deduct like 40% off the total bill from the estimated damges (labor\parts) This is BS, They have a deal with their hack contractor's and there is nothing you can do about it. A coworkers 4 year old car was sideswiped last month, the insurance company paid for "used parts" a rim, fender and door. Yes, State Farm in both cases.

 

I didn't read this whole thread, but I'll tell you my experiences. Back before I knew about hagerty or Grundy, I insured through Statefarm, and had my truck insured as a classic. When I looked through all the paper work, it was insured through Hagerty anyway...and I was never pleased with the parameters. Finally, I decided to go to Hagerty directly, now I have a couple dents insured between 20-25k each, full replacement. That was an agreed upon value after they saw pics, it also doesn't hurt that I do in fact have appraisal papers from most my rigs aswell...but value was never disputed. I just got my renewal statement and it's gonna be right around $150 for the year per rig. Far cheaper than any liability insurance or using Statefarm as a middle man. The restrictions I have are garage kept, have a a back up vehicle for each rig insured and each rig can only be driven 4k or less each year. All of those are parameters I can live by.


Now for my rigs that see more street use and do get DD'd or might see a dirt road every now and again, I go through Grundy...the policies are much more lax, but they are slightly more expensive. These are rigs that have an agreed upon value of 6-10k. These rigs are insured at somewhere around $400 each a year...still waaaaay better than liability or having a middle man. These policies have no restrictions. I can't remember the term these rigs are classified as, but it's like a mix of classic and modified and DD rigs.


I figure these insurance rates are cheaper than any rate I could get as 24 year old any where else or if I were driving a 4 banger with liability only.

 

Excellent! I'll do some homework. Thanks!

 

Another one is Travelers. I have all my insurance with them, home, 2 cars, and my 78. I have a "limited use" policy for the truck with a stated value of $15,000 and a $500 deductible. There are no mileage restrictions, it just says that it cannot be the primary vehicle. There is not a garage requirement either, it is to tall to fit.

It costs me $10 a month.

 

I had to build an oversized garage to fit my beast. But wanted it garaged anyways, so a restriction I can live with.

 

First of all, i typed that wrong... Don't sticky the post... Sticky the Thread... (ops.... lol... im not that conceited!)

Well, after reading all of the information you guys have posted, I think this is definitely worth a sticky (information wise) if someone can collaborate all of the information into some sort of un-bais new post.

I can't use some of the information that any of you are giving since I'm from Saskatchewan, Canada, but I'll definitely give some input for any other canadians on this wonderful FTE site

So as it turns out, here in Saskatchewan, to get the coverage everyone on this site is looking for, for the cheapest value, is to licence the vehicle as "vintage" or "antique" (the name difference depends on the company... english... it's why we love it.. lol).

The full write-up is shown below for licencing in Saskatchewan (it varies by province):

The following requirements must be met for a vehicle to qualify for registration as an antique:

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Antique vehicle registration

1. The vehicle must be at least 30 years old.
2. The customer must have another vehicle registered in their name that is their primary use vehicle:
   1. Primary use vehicle must be a passenger vehicle, one ton model or smaller.
   2. Primary use vehicle cannot be registered as antique.
   3. Primary use vehicle cannot be a motorcycle or snowmobile.
3. The vehicle must be registered in either Class PV or LV.
4. The antique vehicle must be for private use only and not for commercial or farm use.

Rates

Reduced rates are available for vehicles registered as antiques. The annual cost to plate a vehicle as antique is $134. If the vehicle is a 1941 model or older the annual cost is $71.
Vehicles registered with 'antique use' are limited to a maximum of $800 for physical damage coverage along with liability coverage of $200,000. If the vehicle is worth more than $800, you may discuss extension coverage options with your insurance broker.
The deductible for a vehicle registered as antique is $500.
Inspections

An antique vehicle is not subject to an out of province inspection unless it has a status from the United States such as unfit, total loss or salvage.

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Now as for "extension coverage", this will cost you an arm and a leg, just like the insurance for a regular vehicle.

Extended insurance policies cost up to $500 CAN/year, lower your deductible to $50, but in any case, you only get what the vehicle is worth (which in canada, an old f150 is worth about a maximum of 7 grand) IF YOU MAKE A CLAIM. Once you make a claim, your premiums shoot right through the roof.

 

That's a lot different than IL. In IL 25 years is an antique. I have antique plates on my 1985 Mustang GT. I've had the car since 1999 and just got them this year, obviously. Also instead of paying $71 anually, we have to pay $6! Its $30 for 5years. My Fairlane plates expire in December of 2014 and that sticker cost me $30.

 

Wow man. I bloody well wish.... Everything here in Canada is always so overpriced because of how much different things run up in these parts.

Although things are a bit pricey, I don't HAVE to have insurance to drive legally, unlike most of the states. :P I love that. I register the vehicle, and that's it. Instant $700 deductable, liability and all the goodies.

Extended insurance though... Ugh... Hardly worth it 75% of the time, unless you're a road-rage idiot.

 

Thanks to government run health care, for example! But that's for a different forum...

 

Alright, this morning I spent some time on the phone with Grundy Collector Car Insurance. I got the free quote online, and they sent me the reply this morning. $243 annually for $15K agreed value, $0 deductible, $300k comp/collision & $50k uninsured motorist. Insert caveat here...



I called them after I got this, and asked what their definition of "a hobby purpose" is. They wouldn't really say, but I gather that my definition differs from theirs. They said they wouldn't even insure a pick up with a trailer hitch, because you're not supposed to tow anything or haul anything in the bed. I asked if I was going to paticipate in a car show if I could tow my "car show trailer" with the insured vehicle, just to and from the show. Nope. I said I have a hobby farm I do hobby things on my hobby farm. I want to move my hobby stuff with my hobby truck from one side of my hobby farm to the other. (read firewood) Nope.

So the hunt continues....

 

I have Grundy insurance and I'll need to not only pull it out and read it a bit more, but maybe give them a call as well. My original quote also says no drivers under 25, need to notify them if horsepower or body is changed while it's insured, and believe it or not, I had to send pictures and give the construction type of my garage (which I can appreciate because some people can just put up a tent and call it a garage).

Anyways, I'm happy with Grundy, just need clarification on some issues as it may become a daily driver down the road.....haven't decided that yet. It's a show piece now. I also wonder if restrictions change with amounts since my truck is insured for its appraised value of $30k. I'll have to ask them.

 

lol Yeah. Health care is the shnit tho. I don't have to pay for anything if I do something stupid, yet most people don't abuse this privilege. Although, once in a while I do

turns into for free...

 

That's exactly the sort of thing I got through Hagerty. However, when I called Grundy, I told them the use of the rig, amount of miles, storage, etc...and they drew me up a policy...and I was 23 at the time (I had bargaining power due to the fact of several other vehicles were insured through Hagerty). But as I said, I believe my vehicles were classified as 'modified drivers'...and for a rig with an agreed value of 6k...I'm paying $400 for the year...way more expensive than more restrictive policies. I'd also like to re-iterate, my Grundy policies aren't as thorough or cover as much as my Hagerty policies do either.

 

Can you call them and verify? I got excited thinking I could insure my dent as a daily driver through them, since I already have a Mustang as a garage queen through Grundy. They said they do not insure daily drivers, except in the case that it's part of a fleet, etc. But not for normal people with normal needs.

I called Hagerty and asked them the same thing. It seems like if we're going to daily drive these things, we're forced into regular policies, like State Farm, etc., which probably will not handle it well in the case of an accident. Unless I missed a good solution, getting insurance on these things, that's affordable and trustable, isn't going to be that easy to find, if it even exists. A normal insurance company probably won't handle a claim well with an old vehicle, with hard to determine value, and a guy that'd prefer to work on it himself.

 

Oh yea, you're paying for it alright. You paying for it everytime you pay the ridiculously high taxes of the Great North. You're also paying for every slacker who doesn't pull their weight like the rest of us. My Pop is from Hamilton, Ontario, we've discussed this at length.

And just to keep this post somewhat on topic, It's just like the jackasses who drive without INSURANCE and wreck into our prized DENTS that make our INSURANCE RATES go through the roof. Some folks just want something for nothing, and it costs the rest of dollars in the end!!! How's that save? Yey for pulling one out!!!