Author Topic: Insurance  (Read 7704 times)

Offline MoparCuda340

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Insurance
« on: December 23, 2016 - 09:30:34 AM »
What is a good insurance company with reasonable rates? We just bought a 71 cuda and we're shopping around for insurance.


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Offline 67vertman

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Re: Insurance
« Reply #1 on: December 23, 2016 - 11:30:32 AM »
You should re-post this in the general form section, it will get a lot more views.  :wave:

I use Haggaerty, but maybe shopping around as the have raised my rates twice over the last two years with no claims.  :pullinghair:



Ron - Born and raised in Southern California

I got the 1970 Cuda, but still need the hot blonde to ride shotgun!

First car -1969 Road Runner 383 4sp

Current ride - 1970 Barracuda 440-6 4 sp Dana 60  (4:10)

Offline Fern

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Re: Insurance
« Reply #2 on: December 23, 2016 - 03:10:56 PM »
I use haggerty also, but heard American Collectors are very reasonable. I got a quote from them which was 1/2 of Haggerty. Im waiting for my insurance to expire to see if the coverage is the same.

Offline plumcrazzy

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Re: Insurance
« Reply #3 on: December 23, 2016 - 09:09:19 PM »
I used American Collectors for several years but the rates went up nearly double with no claims in the last two years. I got a much better rate with better coverage through my regular auto/home insurance folks (State Farm) and I also got a value increase of about 20%.

Offline Beekeeper

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Re: Insurance
« Reply #4 on: December 23, 2016 - 09:34:48 PM »
I went with AAA and got a great deal for my 64 Vette. Better price than the primary classic car ins companies and it's an actual classic car policy, not a regular one. They are strict on a few things....they actually visited my house to ensure the car was garaged. They took their own photos to ensure mine were not doctored. They wouldn't insure it until my carpeting and trim was installed, etc. - got 50k policy for $250 a year. Had I insured it for less, they might have not been so picky.

Offline 73440

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Re: Insurance
« Reply #5 on: December 24, 2016 - 02:11:23 AM »
I have mine thru Geico, no restrictions, used my dollar value that I gave them.
67 440
72 413 / 727
73 Barracuda w/ 68 440
65 Plymouth Fury III , I sold ,was my Nana's car till 92 yo.
51 Ford F1 239 Flathead, flipped , new cab , stolen
59 BelAir 283 4 door original patina
01 Chevy van 420, 520 miles
06 Crown Vic Police Interceptor
75 HD Ironhead converted to RH shift
73 HD Ironhead
82 HD Ironhead
74 Norton 850
80 HD Shovelhead
80 Husqvarna WR 390

Offline 1970 RT Challenger 1970

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Re: Insurance
« Reply #6 on: December 24, 2016 - 02:41:24 AM »
Hagerty Insurance.

Offline Katfish

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Re: Insurance
« Reply #7 on: December 24, 2016 - 04:14:12 AM »
Shopped around and American Collectors had the best price I could find.

Offline usraptr

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Re: Insurance
« Reply #8 on: December 24, 2016 - 12:30:01 PM »
Shopped around and American Collectors had the best price I could find.

I agree, but I only have Comprehensive and no Collision since mine is not derivable yet.  We'll see what happens this summer when I add Collision.
1970 Plymouth 'Cuda.  Matching numbers 440 U Code, 4 speed pistol grip, Rallye dash, AM 8 Track, Shaker hood, 15 inch rallye wheels, Dana 60 4.10, Super Track Pak.  One of 134 - 440 "U" coupes codes built in 1970 and one of 100 - 440 Super Track Paks built in 1970.

Restoration pictures at:  http://spanks4thememory.smugmug.com/Cars/70-Cuda/7240639_M24oi#465274575_2MBqW
(Edited 8-1-17)

"usraptr" = United States raptor - bird of prey = United States Bald Eagle.  FYI, somebody else thought of it first so I had to drop the "O" in raptor.

Offline 1 Wild R/T

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Re: Insurance
« Reply #9 on: December 24, 2016 - 12:35:30 PM »
With all the people choosing insurance through regular insurance companies all I'm saying is be very careful of the wording of your policy..... Insurance salesmen will tell you what you want to hear but the guy writing the compensation check may not be on the same page....

Question
What is the difference between Agreed Value and Stated Value Insurance coverage?

Answer
An Agreed Value policy (which is the same as Hagertys Guaranteed Value policy) guarantees the policy will pay the full insured amount of the vehicle, inclusive of all sales taxes with no depreciation in case of a covered total loss. A stated value policy (sometimes called stated amount or maximum limit of liability) does not promise upfront to pay this stated amount. In the event of a covered total loss, it may pay less than the stated amount, as the insurer has the right to pay the lesser of your collector cars depreciated actual cash value (ACV) or its replacement cost. Also, many insurers that offer stated value policies require periodic appraisals to substantiate the insured amount, adding cost and inconvenience to the client.
JS27N0B 70 Challenger R/T Convertible  FJ5 Sublime, Show Poodle w/90,000 miles since resto
WS27L8G 68 Coronet R/T Convertible  PP1 Bright Red, Project
RM21H9E 69 Road Runner Coupe R4 Performance Red, Sold...
5H21C  65 Falcon 2 dr Wagon... Dog Hauler...

Offline Beekeeper

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Re: Insurance
« Reply #10 on: December 24, 2016 - 12:43:32 PM »
With all the people choosing insurance through regular insurance companies all I'm saying is be very careful of the wording of your policy..... Insurance salesmen will tell you what you want to hear but the guy writing the compensation check may not be on the same page....

Question
What is the difference between Agreed Value and Stated Value Insurance coverage?

Answer
An Agreed Value policy (which is the same as Hagertys Guaranteed Value policy) guarantees the policy will pay the full insured amount of the vehicle, inclusive of all sales taxes with no depreciation in case of a covered total loss. A stated value policy (sometimes called stated amount or maximum limit of liability) does not promise upfront to pay this stated amount. In the event of a covered total loss, it may pay less than the stated amount, as the insurer has the right to pay the lesser of your collector cars depreciated actual cash value (ACV) or its replacement cost. Also, many insurers that offer stated value policies require periodic appraisals to substantiate the insured amount, adding cost and inconvenience to the client.

Good to know...I'm gonna check my policy to be sure. I thought mine was agreed value but I need to know.

Offline twalker

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Re: Insurance
« Reply #11 on: December 24, 2016 - 01:24:09 PM »
Good to know...I'm gonna check my policy to be sure. I thought mine was agreed value but I need to know.


Mine is on the appraised value.


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Offline 1 Wild R/T

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Re: Insurance
« Reply #12 on: December 24, 2016 - 01:29:53 PM »

Mine is on the appraised value.


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Which if you read what I posted can be a flag that you have Stated Value insurance... Which is great... For the insurance company...
JS27N0B 70 Challenger R/T Convertible  FJ5 Sublime, Show Poodle w/90,000 miles since resto
WS27L8G 68 Coronet R/T Convertible  PP1 Bright Red, Project
RM21H9E 69 Road Runner Coupe R4 Performance Red, Sold...
5H21C  65 Falcon 2 dr Wagon... Dog Hauler...

Offline twalker

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Re: Insurance
« Reply #13 on: December 24, 2016 - 01:33:37 PM »
Which if you read what I posted can be a flag that you have Stated Value insurance... Which is great... For the insurance company...

Got me worried so I'll follow up, thanks!


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Offline 1 Wild R/T

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Re: Insurance
« Reply #14 on: December 24, 2016 - 01:56:46 PM »
Got me worried so I'll follow up, thanks!


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And thats exactly my point.... Just check to be sure your protected.. Some major insurance companies do offer ACV policies... But to often Agents will sell you a stated value policy & that does more to protect them than it does you.... And you get to pay for the appraiser....
JS27N0B 70 Challenger R/T Convertible  FJ5 Sublime, Show Poodle w/90,000 miles since resto
WS27L8G 68 Coronet R/T Convertible  PP1 Bright Red, Project
RM21H9E 69 Road Runner Coupe R4 Performance Red, Sold...
5H21C  65 Falcon 2 dr Wagon... Dog Hauler...