Insurance
- Thread starter wayne1426
- Start date
Check the sticky on Model A Web sites.... Link: http://fordbarn.com/forum/showthread.php?t=17518
Purdy Swoft
Well-known member
State Farm and some others pay good in the result of an accident but the model A will be depreciated as a used car. In such cases, a vehicle that is five years old or older , it gets depreciated a hell of a lot. I have many years experience in the collision repair business..
Collector car insurance companies like Hagarty and grundy offer agreed value insurance. You insure the vehicle for an agreed amount and if the vehicle gets totaled, they pay the full agreed amount without subtracting for depreciation.. The insurance companys don't allow you to use the collector car for regular transportation. Collector insurance is usually much less expensive. If you plan to use the model A for daily use, your regular insurance carrier will be the way to go.
Collector car insurance companies like Hagarty and grundy offer agreed value insurance. You insure the vehicle for an agreed amount and if the vehicle gets totaled, they pay the full agreed amount without subtracting for depreciation.. The insurance companys don't allow you to use the collector car for regular transportation. Collector insurance is usually much less expensive. If you plan to use the model A for daily use, your regular insurance carrier will be the way to go.
Mike V. Florida
Well-known member
Carful on the antique insurance. Many companies have limitations on the where, when, and how far you can drive. Look into it before you sign.
29 Tudor
Senior Member
Been with Hagerty for years. They have my A as well as a 'Vette and a couple of others including a '39 JD tractor. In 2012 I went on the Hot Rod Power Tour. Called and asked if there was any problem taking the 'Vette or letting a buddy drive part way. The said, "no problem, go and enjoy the car. That's what we want you to do." I have never had a claim but I have heard they are just as good when that time comes... hopefully never!
Steve
Steve
CarlG
Well-known member
My policy is with Allstate, is an "agreed value" policy with no restrictions on use. Cost is essentially the same as my newer Explorers.
It is also licensed with the state as a "Collector Car" which costs the same as my later model Explorers, and has no restrictions on usage.
It is also licensed with the state as a "Collector Car" which costs the same as my later model Explorers, and has no restrictions on usage.
BlueSunoco
Well-known member
Have had both Hagerty and Grundy. Pleased with both.
SeaSlugs
Well-known member
yea insurance company doesnt take into effect current market values, they see it as a 80 year old car and that = about $400... they dont care that your fender costs that - its totaled if someone backs into it in a parking lot.
John LaVoy
Well-known member
I have been using Grundy since 2000, because they don't have a mileage limit.
Purdy Swoft
Well-known member
I agree, thats why I use collector car insurance. I now use Grundy because they offer unlimited mileage. However they don't cover the model A for primary transportation. Another important consideration is to be sure and insure your model A for enough for your protection. The insurance companies sell the total loss cars to salvage companies to recover losses. In most cases the owner doesn't have the opportunity to bid unless they have a salvage license. Salvage bids can be high on a totaled roadster. If the insured value is low, it won't take a lot to total your car.