Classic Car Insurance

I've been with AAA since 1957 & just added Vermin to my regular policy. YES, I could save some money elsewhere, But AAA has always been very FAIR with me, so I stick with them. They gave me a bang up deal on 200 mile towing, also, I've had Home Owners' Insurance with them since 1975 & can talk with LOCAL folks, when necessary.
Bill W.
 
Dick Steinkamp said:
That would make sense if the Mustang was added to the policy that the Model A was on. Adding a second car is usually not much additional since the liability is already baked in to the first car's premium (you can't drive more than one at a time).

Tom's experience is more of a mystery to me.
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As Tom said also, you'd think adding a vehicle wouldn't be that much more money but Mitch must have it right, Agreed Value is maybe the clincher here.

My collector car brother-in-law who lives in So. California, who has Hagerty on his Shelbys, told me that he only pays the Liability on the first car and the others are at a cheaper rate, not paying Liability on them. These cars are big bucks, all show condition.

I pay the same rate on all three of my old cars give or take about five bucks, and they all have different levels of Agreed Value. I guess I'd better call next week and ask 'why'? I will post their answer here when I get it.
 
Jeff/Illinois said:
As Tom said also, you'd think adding a vehicle wouldn't be that much more money but Mitch must have it right, Agreed Value is maybe the clincher here.

My collector car brother-in-law who lives in So. California, who has Hagerty on his Shelbys, told me that he only pays the Liability on the first car and the others are at a cheaper rate, not paying Liability on them. These cars are big bucks, all show condition.

I pay the same rate on all three of my old cars give or take about five bucks, and they all have different levels of Agreed Value. I guess I'd better call next week and ask 'why'? I will post their answer here when I get it.
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I have grundy with my Tudors @ 75,000 each agreed. No discount for me ..
 
Mitch//pa said:
If its an AGREED value policy the premiums on more than one vehicle would be independent of each other..(each premium being affected by the amount requested). i dont believe agreed value policy's offer a multivehicle discount...
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I always thought the "agreed value" applied to the collision/comprehensive portion of the policy. In other words, if the car is totaled, the insurance company pays you the value agreed to. I didn't think it had anything to do with the liability portion.

I have Grundy on my 3 collector cars. Liability is only listed once on the policy, then collision and comprehensive are listed separately for each car. Liability does not change as I add or sell cars.

Maybe it's different in each state?
 
Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. Originally, individual companies that faced a common peril, formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement). The modern system relies on dedicated carriers, usually for-profit, to offer protection against specified perils in consideration of a premium. Liability insurance is designed to offer specific protection against third party insurance claims, i.e., payment is not typically made to the insured, but rather to someone suffering loss who is not a party to the insurance contract. In general, damage caused intentionally as well as contractual liability are not covered under liability insurance policies. When a claim is made,[1] the insurance carrier has the duty (and right) to defend the insured. The legal costs of a defence normally do not affect policy limits unless the policy expressly states otherwise; this default rule is useful because defence costs tend to soar when cases go to trial. In many cases, the defense portion of the policy is actually more valuable than the insurance, as in complicated cases, the cost of defending the case might be more than the amount being claimed, especially in so-called "nuisance" cases where there is no liability but the case has to be defended anyway.
 
Tom Wesenberg said:
I learned a valuable lesson a month ago. I asked Liberty Mutual for a quote on my modern car, and they wanted my email to send the quote. The low lifes sold my email address to every spammer they could find, and now I'm getting crap all the time, where I never had any before.
No more email quotes for me.
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It is always a good idea to have a separate e-mail account to offer in situations such as this. Then get a really good filter system and it solves a lot of issues.
 
I use American Modern Home for my A and '65 mustang and I use Nationwide for my OT cars. I have done this for a long time with reasonable rates and no complaints. Nationwide referred me, but did not require me, to use AMH as they didn't insure these types of cars. One great benefit is that I can "stack" my coverages on all the cars so that 100K/300K coverage on each car actually becomes 400K/1.2M coverage on each car. My Nationwide agent is great to work with.

As for this being the USA and you can get whatever insurance you want-the converse is also true and an insurance company can place requirements on you if you want their insurance.
 
I had been using Haggerty for years.

Someone at a show mentioned that I should look at State Farm. He said that they have an antique collector side of the house. I called them and got the same agreed upon policy at a better rate.

The people I am working with are local and they really don't appear to have collector side, but so what.
 
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