TCCoA Forums banner

1 - 16 of 16 Posts

·
Registered
Joined
·
605 Posts
Discussion Starter #1
I called Hagerty insurance today. I had wrecked my car a while back and it was totel by state farm for 2k worth of damage. They wrote me a check for 4500 dollors for my t-bird now it's salvage Great right. I have around 15k so far in my T-bird.. So I fixed it.. Now since it's Salvage I can't insure it any where with full coverage. So I looked into Classic car insurance... For 387 dollor's a year I get 15k coverage if I wreck it or some one hit's me. Thats cheap as Hell :D There are 2 things 1# you have to have a garage 2# It can't be your DD.. You have to have anoughter car to daily drive.. But if your like me and have alot of money in a car to the insurance company isnt' worth anything then this is for you.
 

·
Registered
Joined
·
605 Posts
Discussion Starter #3
I'm going to have them do my 1997 Thunderbird.. I havn't sent anything in yet , I dont close on my house for anughter week or 2. 378 isn't bad for me lol I pay 1300 a year on my 1998 cherokee right now for full covrage lol I have 3 points till Dec on my insurance from totaling the T-bird :D
 

·
Registered
Joined
·
6,195 Posts
A 1997 Thunderbird as classic car insured. Interesting. Better check all the rules with Hagerty before you actually sign with them. You need to sit down and research alot of insurance companies, 1300 a year is outllandish, even with 3 points. I have 2 cars and a house and my year is 840. Do research, there are others on this site that have salvaged birds and do not use a classic car insurance joint to cover them.
 

·
Registered
Joined
·
605 Posts
Discussion Starter #5
I want some one that is going to give me what I have in the car if somthing happens to it.. Not what they think it's worth..
 

·
The Parts Guy
Joined
·
7,326 Posts
I went with Safeco for the $32K agreed value policy on my XR7, and I plan on looking into switching to Hagerty, Grundy, or another of the myriad of collector car insurance companies out there as soon as I turn 25 (most companies won't do an agreed value plan unless you're 25 years old).

I'm paying $285 every six months for that policy, with a clean driving record. During the winter months when I have the car stored away in the shop, the rate drops to $75 every six months. Quite a few of us MN12 owners in the St. Louis area have collector car/agreed value plans on our cars. There are a few threads about this over at sccoa.

-Rod
 

·
Refrigerator Raider Hater
Joined
·
11,719 Posts
I want some one that is going to give me what I have in the car if somthing happens to it.. Not what they think it's worth..
You'll need it stated up front and provide either receipts or an appraisal from a car dealer (that may vary by state).
 

·
Registered
Joined
·
605 Posts
Discussion Starter #10
What I got quoted from Hagerty was agreed 15k for my T-Bird for the 387 a year..
 

·
Registered
Joined
·
605 Posts
Discussion Starter #14
Things I have done to my T-bird, Brembo 4 piston's up front with 13inch rotor's, ford racing caliper's out back, 18inch saleen style wheels 18x9's in front 18x10.5's out back, Xenon kit molded to the body, all the screws on the kit are also shaved, fully shaved trunk, eibach springs, tokico shocks, full customer interior, new carpet, new seats, new head liner, customer true dual exhaust, 8.8 rear end with 3.55 gears and trac lock, have a explorer motor sitting in the garage to go in to :D
 

·
Registered
Joined
·
1,252 Posts
I tried to get classic car insurance on my 95 Bird with Grundy and one other. Neither would touch it even though I met all the rules. Grundy would not do it right off, the other tried to write it and the underwriter denied it about a month later - refunded the rest of my premium. They said there were way too many of these cars made and mine had 100k on the odometer even though the drivetrain was all new. The classic policy was $160/yr. I have it insured with regular insurance for $250/yr, so not that big of difference other than agreed value.
 
1 - 16 of 16 Posts
Top