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  #1  
Old 02-07-2014, 01:03 AM
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Posts: 614
Insurance for 1979 240D - no anti-lock brakes?

First, sorry if this is in the wrong forum - if mods want to move this to another area, please do so.

I asked my insurance company (Liberty Mutual) why the premium on the 1979 240D was $570/year as a pleasure car vs the $436/year for the 1991 300E as the daily driver.

Their reason was:
The 240D did not have anti-lock brakes or airbags.

Is this true?

I'm wondering if I could try insuring it as a "classic/antique" car as it is a 3rd car, driven rarely, now that I have the 300E for work and the truck as a second car.
The truck, btw, is $400/year as a pleasure car.

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1991 300E 124.030 103.983KE 722358 03 412178
207K

1979 240D 123.123 250K (Project car)

2000 Ford Ranger, 187K

2015 Dodge Ram 1500 EcoDiesel 37K
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  #2  
Old 02-07-2014, 02:41 PM
Redefining normal daily
 
Join Date: Jul 2004
Location: Frederick, MD
Posts: 445
You surely could insure at as a classic. I've been very happy with Haggerty for several years now.

If you're interested in towing coverage - look at their packages. Much cheaper than AAA, they'll tow anything you're driving (yours or not), and every time I've used it the service has been fantastic.

Data point - I pay ~ $200 per year, with 150 mile free towing, for my 78 300SD.
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1961 220b: first project car - sold.
2000 CLK 430: first modern Benz - sold.
2001 CLK 55: OMG the torque!!! - sold
1972 280SE 4.5: Baby Gustav
1991 300TE 4Matic: Gretel the Snow Bunny - sold
1978 300SD: Katz the Free Man - given away
1980 Redhead: Darling Wife
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  #3  
Old 02-07-2014, 05:56 PM
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Location: Chicagoland
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Make sure you check the classic policy well. Many of them stipulate that you can't drive the vehicle to work (even if it is not your primary vehicle), must be garaged overnight, etc.

Data point - I pay $125/year for my 1970 MGB on a Haggerty policy.
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  #4  
Old 02-08-2014, 12:54 PM
mbzr4ever's Avatar
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Posts: 614
This is perfect, just what I was looking for!

My soft quote just came back as $212 per year - much more reasonable.

Of course, the car will sit most of the time with a maximum guess of 360 or 500 miles max per year.

Did anyone ask for the financing option for restoration funds?

I wonder what that is all about....
__________________
1991 300E 124.030 103.983KE 722358 03 412178
207K

1979 240D 123.123 250K (Project car)

2000 Ford Ranger, 187K

2015 Dodge Ram 1500 EcoDiesel 37K

Last edited by mbzr4ever; 02-08-2014 at 01:08 PM.
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  #5  
Old 02-08-2014, 11:16 PM
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Join Date: Jul 2011
Posts: 543
If classic insurance restrictions don't work for you (ie. you can't drive the car to work, always has to be garaged, etc), then you may get a regular policy, but ask for a 'low miles driven' (not sure what it is actually called) discount. On both my previous 98 Volvo, and now the Benz, I drive less than 5000 miles a year and regular full coverage insurance is about $400/year. My insurance company is AAA.
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1972 280SEL 4.5, silver
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  #6  
Old 02-10-2014, 02:09 AM
mbzr4ever's Avatar
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Posts: 614
If Hagerty won't cover the car (no reason not to, but you never know) - that was going to be my next plan.

If I'm going to have to change to AAA or State Farm or other insurance company that offers a low mileage plan, Liberty Mutual will lose premiums on a total of 3 cars.
__________________
1991 300E 124.030 103.983KE 722358 03 412178
207K

1979 240D 123.123 250K (Project car)

2000 Ford Ranger, 187K

2015 Dodge Ram 1500 EcoDiesel 37K
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  #7  
Old 02-12-2014, 09:44 AM
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Join Date: Sep 2007
Posts: 3,517
Hagerty requires that the car be in a garage (lockable) and not a daily driver. Does not mean you can not occasionaly drive it to work. No milage or time of day restriction. At least last time I checked my policy on another car.
Tom
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  #8  
Old 02-12-2014, 11:47 AM
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Posts: 19
How do they know if you drive the car to work or how much you actually drive it? I know they could ask for the mileage for tracking but what is the odometer is broken?
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  #9  
Old 02-14-2014, 03:01 AM
mbzr4ever's Avatar
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Quote:
Originally Posted by 75Sv1 View Post
Hagerty requires that the car be in a garage (lockable) and not a daily driver. Does not mean you can not occasionaly drive it to work. No milage or time of day restriction. At least last time I checked my policy on another car.
Tom
Yes, they declined me for not having a garage. Even though the car has its own carport with attached shop, on private property totally fenced with a locked gate.

AAA rates were way high, same as Liberty Mutual.

State Farm was willing to offer $202/year, same as Hagerty. Substantially less on the other cars, too. Will have to study the details before I switch over.
__________________
1991 300E 124.030 103.983KE 722358 03 412178
207K

1979 240D 123.123 250K (Project car)

2000 Ford Ranger, 187K

2015 Dodge Ram 1500 EcoDiesel 37K
Reply With Quote
  #10  
Old 02-14-2014, 08:14 AM
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Location: Dallas, TX
Posts: 5,134
Quote:
Originally Posted by mbzr4ever View Post
The 240D did not have anti-lock brakes or airbags.

Is this true?
This is true , a 240D has neither. It's time to shop for another policy.

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With best regards

Al
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