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Classic Car Insurance


djorevich

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If you dont have any claims in the last 10 years you can get very good rates with your local State Farm agent. Just ask for a classic car insurance when you go. I pay $60 for the entire year for each of my 2002s but then again, I only valued them at like $10k each. Also miles restricted to like 3k miles a year. 

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I recently insured Vern my 1973 2002Tii with Hagerty, it's not inexpensive as some would imply. I pay $134/month currently which is for total loss & replacement. All my other cars are with State Farm which gives me several discounts, they will also do agreed value with an expert appraisal & photos. 

Andrew Wilson
Vern- 1973 2002tii, https://www.bmw2002faq.com/blogs/blog/304-andrew-wilsons-vern-restoration/ 
Veronika- 1968 1600 Cabriolet, Athena- 1973 3.0 CSi,  Rodney- 1988 M5, The M3- 1997 M3,

The Unicorn- 2007 X3, Julia- 2007 Z4 Coupe, Ophelia- 2014 X3, Herman- 1914 KisselKar 4-40

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7 minutes ago, adawil2002 said:

I recently insured Vern my 1973 2002Tii with Hagerty, it's not inexpensive as some would imply. I pay $134/month currently which is for total loss & replacement. All my other cars are with State Farm which gives me several discounts, they will also do agreed value with an expert appraisal & photos. 

That seems very high. I use Hagerty (albeit in canada) and pay about 300 US for 40k cover. Is that for casual use? 

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I've been insuring my old cars with Condon and Skelly for many years--good service and good rates.  

 

My only experience with Hagerty was as a claimant when my '02 received a bit of rear end damage from a Hagety-insured driver.  Hagerty was great--no hassle with anything--parts replacement, my choice of body shop etc.   Car looks like new--and I wasn't out a penny.

 

mike

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'69 Nevada sunroof-Wolfgang-bought new
'73 Sahara sunroof-Ludwig-since '78
'91 Brillantrot 318is sunroof-Georg Friederich 
Fiat Topolini (Benito & Luigi), Renault 4CVs (Anatole, Lucky Pierre, Brigette) & Kermit, the Bugeye Sprite

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We use Hagerty’s they’re great never had a problem, they paid the only claim I ever had as quickly as could be expected…For our agreed value policy covering  five cars we pay less than 1% of the agreed value for coverage.

Don’t let the fear of what could happen

make nothing happen…

 

  

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4 hours ago, Hans said:

That seems very high. I use Hagerty (albeit in canada) and pay about 300 US for 40k cover. Is that for casual use? 

 

Total loss & replacement.

Andrew Wilson
Vern- 1973 2002tii, https://www.bmw2002faq.com/blogs/blog/304-andrew-wilsons-vern-restoration/ 
Veronika- 1968 1600 Cabriolet, Athena- 1973 3.0 CSi,  Rodney- 1988 M5, The M3- 1997 M3,

The Unicorn- 2007 X3, Julia- 2007 Z4 Coupe, Ophelia- 2014 X3, Herman- 1914 KisselKar 4-40

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2 hours ago, adawil2002 said:

 

Total loss & replacement.

I havent read the fine print, but I assume I get the agreed value if totaled. Are you saying they will find you another equivalent tii?

My premium for $40k cdn is $250 CDN.

 

 

P.S.: Fast fingers to get #1 for Ofest!

Edited by Hans
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1 hour ago, Hans said:

I havent read the fine print, but I assume I get the agreed value if totaled. Are you saying they will find you another equivalent tii?

My premium for $40k cdn is $250 CDN.

 

 

P.S.: Fast fingers to get #1 for Ofest!

 

That's the idea, get equivalent 1973 2002tii.

Andrew Wilson
Vern- 1973 2002tii, https://www.bmw2002faq.com/blogs/blog/304-andrew-wilsons-vern-restoration/ 
Veronika- 1968 1600 Cabriolet, Athena- 1973 3.0 CSi,  Rodney- 1988 M5, The M3- 1997 M3,

The Unicorn- 2007 X3, Julia- 2007 Z4 Coupe, Ophelia- 2014 X3, Herman- 1914 KisselKar 4-40

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I have Hagerty and am quite happy with them so far, though (knock on wood) haven't had to go through a claim with them yet! Have the 2002, E39 M5, and Vespa insured with them, agreed values of I think $25k on both cars, 'cherished salvage' rider on the 2002 (don't need to buy it back from them if wrecked, they just pay it and I still keep the car), costs me right at $1000/year.  So more like double @BarneyT's 1%, but I'm still happy with it!

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9 hours ago, adawil2002 said:

I pay $134/month currently which is for total loss & replacement.

 

9 hours ago, Hans said:

That seems very high. I use Hagerty (albeit in canada) and pay about 300 US for 40k cover. Is that for casual use? 

 

I'm in Canada also at $500 for $80k coverage.  Are we better drivers hence lower rates?  ?  

 

Maybe @adawil2002also has liability coverage that l have with my regular auto insurance.

 

I also questioned Hagerty about unlimited driving into and around the US.  No problem as long as they get the first call if there is a problem. 

73 Inka Tii #2762958

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