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-   -   Classic car insurance for your Diesel? (http://www.peachparts.com/shopforum/diesel-discussion/419460-classic-car-insurance-your-diesel.html)

Shern 03-20-2023 01:19 PM

Classic car insurance for your Diesel?
 
Seems the difference between traditional coverage and classic comes down to mileage and a lot less money.

Geico’s charging me approx $40 pcm, but always looking to give my overheads a trim.

Wondering if anyone’s switched over to a classic/antique plan.
Who’d you go with? What are you paying?


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gmog220d 03-20-2023 01:44 PM

I use State Farm for all my insurance. I have the '74 insured under such a policy, called something like "limited use" with a cap on miles allowed per year. I hardly drive the car, so it's worth it. Cost per month is just under $15, and that's including the stated value of the car which I cannot recall.

resto108 03-20-2023 05:53 PM

Hagerty

martureo 03-21-2023 08:57 AM

Quote:

Originally Posted by resto108 (Post 4269452)
Hagerty

I called up Hagerty and they didn't want to give me an offer on my wagon or sedan.

carson 03-21-2023 09:26 AM

Redoing my policy has been on my list as well. Currently with State Farm but they only value the car at something ridiculous like $1500. I drive too many miles for classic car insurance.

JHZR2 03-21-2023 02:39 PM

I have classic insurance on many of my cars. It allows for limited use and commuting, but requires a separate policy with a daily driver.

Simply stated, you can’t put classic insurance with stated value on a daily driver. The reason why rates are lower is an expectation of reduced usage, careful storage, and lower losses as a result.

Don’t put yourself at risk or ruin it for the rest of us.

I’ve started to note increased scrutiny on part of underwriters for low value cars. Probably because it was abused.

Shern 03-22-2023 12:30 PM

Quote:

Originally Posted by JHZR2 (Post 4269552)

Simply stated, you can’t put classic insurance with stated value on a daily driver. The reason why rates are lower is an expectation of reduced usage, careful storage, and lower losses as a result.

Yep, that's kind of the point.

I'm not driving much –actually I'm not driving at all atm, as I'm OOT.
And even when I do, it's pretty far from a commuter car.

vstech 03-23-2023 02:40 PM

In my state, classic insurance is only for garage queens, and has no liability coverage, only stated value...
So, additional policy required to have a plate on it.

tangofox007 03-26-2023 10:03 AM

Quote:

Originally Posted by carson (Post 4269508)
Currently with State Farm but they only value the car at something ridiculous like $1500.

Even more ridiculous, my classic car insurance values my 1982 300D at $19,100.

JHZR2 03-27-2023 01:47 PM

Quote:

Originally Posted by tangofox007 (Post 4270197)
Even more ridiculous, my classic car insurance values my 1982 300D at $19,100.

With who?

It’s called “stated value” for a reason. Some policies have an automatic “inflation adjustment” that if left unchecked……

jsb357 03-27-2023 03:59 PM

Quote:

Originally Posted by martureo (Post 4269506)
I called up Hagerty and they didn't want to give me an offer on my wagon or sedan.

:confused:

covered my SEC and 300d without question

tangofox007 03-27-2023 11:59 PM

Quote:

Originally Posted by JHZR2 (Post 4270332)
With who?

American Collectors/USAA

Quote:

Originally Posted by JHZR2 (Post 4270332)

It’s called “stated value” for a reason.

My policy is agreed value, not stated value.

rrgrassi 03-31-2023 12:00 AM

I am an insurance broker/agent in Texas. Some classic car coverages do have liability coverage built in with the comp and collision. That said, some go by the original price of the car for valuation, others go with agreed amounts, and some go by the appraised amount.

You cannot put classic car coverage on a daily driver. Mileage is also typically below 5 to 1 k miles a year.


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