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  #1  
Old 12-03-2003, 11:52 AM
flixbiz's Avatar
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Join Date: Sep 2002
Location: Davidsonville, MD
Posts: 167
Collector Car Insurance

Did anybody see the guy from Grundy International on My Classic Car? He said that he Grundy could insure this classic 1963 Impala for agreed value of $25K for an annual premium of $175 with no limitations other than age. Unlimited pleasure driving is allowed!
I always worry about my insurance because I know that I'm in for a fight with Geico should my SL need to be replaced (God forbid!) and Kelly Book says it's worth only $9900, and NADA says it's worth $12,600-$15,950.

So here's the hook! I call Grundy and get a quote of $310 to insure my 1986 SL for $20K. That's only about $18/yr. less than I pay Geico. The difference is that with collector car insurance, I'd be allowed to drive the car as much as I want, as long as I never leave it ungaraged or unattended! No errands! No trips to the anyplace that will require that I leave the car parked outside of my garage! Geico referred me to Great American Insurance. Same deal! What a racket!

How are you guys insuring your older SL's. I have a Clifford alarm on mine and I've put only 3K miles on the car in 7 months because I'm very selective about where I drive her. There must be a better way to insure these cars.

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1991 560SEL (254K miles)
1980 Lincoln Mark VI - Givenchy
1979 Lincoln Mark V Collector's Series
1979 Lincoln Town Car Collector's Series
1979 Ford "Effie" Pickup (in gradual transformation to a show/street truck)
1969 Lincoln Mark III (waiting for "Overhaulin" to call)
1989 Lincoln Towncar
2001 Lexus GS300 (spousal unit's daily driver)
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  #2  
Old 12-03-2003, 03:13 PM
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Join Date: Dec 2002
Location: Grand Rapids, MI
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I assume the conditions you're citing (never left ungaraged, etc.) refer to the Grundy coverage. When I checked on specialty insurance for my 560SL, what I found is that even the most liberal of the coverages I was able to find restrict you to pleasure driving ONLY, even if the mileage isn't limited. That immediately knocks out of consideration guys like me, who use the car as a summer driver for all purposes. I'm not even incredibly hung up on the premium, but I want to guarantee the worth of the car.

If there's anyone out there who'll write agreed-value coverage for commuting AND pleasure driving, please let us all know!
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Craig Bethune

'97 SL500, 40th anniversary edition

'04 Olds Bravada (SWMBO's)
'06 Lexus ES330
'89 560SL (sold)


SL--Anything else is just a Mercedes.
(Kudos to whoever said it first)
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  #3  
Old 12-04-2003, 09:45 AM
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Join Date: Mar 2003
Location: Convent Station, NJ
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Or if someone has had a claim on a car with "Collectors" insurance while driving to work......what happened?
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Rick

'85 380 SL (sold)
'85 Carrera Flatnose
'71 280 SL Signal Red/Cognac
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  #4  
Old 12-08-2003, 08:34 PM
Wes Bender's Avatar
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Join Date: Mar 2001
Location: Alpine, AZ / Green Valley, AZ
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My insurance on the '55 Healey and the '70 280SL were always pretty steep. Then, a couple of years ago, I switched to American Family Insurance (after State Farm jacked my rates out of site for no apparent reason). They cover all my vehicles, two houses, a couple of ATVs and my personal liability insurance.

I had to have the Healey and the 280SL appraised and then they insured then each for a declared value of $25,000. My cost is between $150 and $160 per year for each and the only restriction I have is that I can't commute to work or school with them. I'm retired, so thats not a problem.

American Family is an older, reputable company, but they do not write insurance in all states.

I looked into "collector car" insurance but didn't like the rates or the mileage restrictions that they mandated.

My advice: shop around. You never know what kind of deal you might find. Keep your record clean too. That helps.

Just my $.02,

Wes
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  #5  
Old 12-08-2003, 09:32 PM
flixbiz's Avatar
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Join Date: Sep 2002
Location: Davidsonville, MD
Posts: 167
Thanks for the helpful input Wes!
I found American Family Insurance at:

https://web.amfam.com/customer/autoquote/

Unfortunately, they don't operate in Maryland, but perhaps someone else may benefit!

__________________
1991 560SEL (254K miles)
1980 Lincoln Mark VI - Givenchy
1979 Lincoln Mark V Collector's Series
1979 Lincoln Town Car Collector's Series
1979 Ford "Effie" Pickup (in gradual transformation to a show/street truck)
1969 Lincoln Mark III (waiting for "Overhaulin" to call)
1989 Lincoln Towncar
2001 Lexus GS300 (spousal unit's daily driver)
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