Author Topic: Insurance question??  (Read 460 times)

Offline Bob Hoffmann CLC#96

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Insurance question??
« on: June 13, 2017, 05:07:50 PM »
Does any insurance company offer a stated value policy for a daily driver, driven less than 7500 miles per year. Hagarty does not.
Thanks, Bob
1941 62 coupe custom maroon
1970 DeVille conv. triple black
1968 Eldorado slick top ,white/red interior
2015 Holden Ute HSV Maloo red/black interior.
             
Too much fun is more than you can have.

Offline Eldo66

  • Posts: 76
  • Name: P Nesbitt
Re: Insurance question??
« Reply #1 on: June 13, 2017, 10:26:38 PM »

American Collectors offers a "Freedom Tier" of up to 7,500 mi/yr.  While it states that they do not want daily driver cars, I'm not sure how their underwriters make that determination.  Here is their website:

http://americancollectors.com/plans/collector-vehicles/qualifications/

Regards,
P. Nesbitt
1966 Eldorado - Flamenco Red with bucket seats

Offline Andrew Wall CLC#10638

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      CLC Member #10638
Re: Insurance question??
« Reply #2 on: June 13, 2017, 11:27:54 PM »
Bob,

I think the daily driver issue is often a "nudge and a wink"  State Farm went around the issue when I was with them (I have not been for 5+ years)  I've had to have a primary driver, with low mileage alternates.  It has been ok.  There is no way a primary driver will be insured at "historic rates"

Offline TJ Hopland

  • Posts: 6590
Re: Insurance question??
« Reply #3 on: June 14, 2017, 11:01:54 AM »
When I have searched I have never come up with anything.   The annoying thing is no one would even give a quote.  I was not expecting $100 per year but no one even offered a $10,000 per year either.  You would think everyone would at least throw out a number but nope they won't even do that.   
StPaul/Mpls, MN USA

73 Eldo convert w/FiTech EFI
75 Eldo rusty but trusty
80 Eldo Diesel
And other assorted stuff I keep buying for some reason

Offline Matt CLC#18621

  • Posts: 278
  • Name: Matt Shafer
Re: Insurance question??
« Reply #4 on: June 14, 2017, 01:29:02 PM »
Thanks for the reference.

I just received a tremendous quote for my 2001 Eldorado Sport Coupe.

Matt CLC# 18621

Offline 76eldo

  • Posts: 4902
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      CLC Member #22443
  • Name: Brian Rachlin
Re: Insurance question??
« Reply #5 on: June 14, 2017, 09:46:14 PM »
Grundy claims to offer insurance for everyday drivers as well as collectors on their TV commercials.

Brian
Brian Rachlin
Huntingdon Valley, Pa
CLC # 22443

I prefer email's not PM's   rachlin@comcast.net

1960 62 Series convert with factory Tri Power
1960 Eldorado Seville
1970 DeVille convert
1976 Eldorado convert
1980 Eldorado Hess & Eisrnhardt convert
1981 Eldorado Hess & Eisenhardt convert
1985 Eldorado Biarritz convertible
2007 DTS
2012 CTS Coupe
2017 CT5

Offline Bob Hoffmann CLC#96

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Re: Insurance question??
« Reply #6 on: June 14, 2017, 11:31:18 PM »
Guys,
 Thanks for all the responses. I'm not looking for a cheaper rate, just more coverage as in a stated value policy.  I'm willing to pay for it. The catch is that is my daily driver & an almost new car.  I'll contact the companies suggested.
 Thanks again, Bob
1941 62 coupe custom maroon
1970 DeVille conv. triple black
1968 Eldorado slick top ,white/red interior
2015 Holden Ute HSV Maloo red/black interior.
             
Too much fun is more than you can have.

Offline Art Director

  • Registered User
  • Posts: 262
  • CLC Member #11513
  • Name: Tim Coy
Re: Insurance question??
« Reply #7 on: June 15, 2017, 02:01:37 PM »
Believe it or not, my 1963 Sedan de Ville has an agreed value with the insurance company of about $55,000. I was required to send them photos and restoration receipts in order to prove how much I had put into the car's restoration before they would insure that higher value. Not sure if that applies to the original poster, but the car was insured for only $13,500 before it caught fire and was restored. The extra premium isn't that much for the higher value.
Tim Coy
CLC Southwestern Regions Vice President
Art DirectoróThe Self-Starter, International Membership Directory
Life memberóRocky Mountain Region
CLCMRC Benefactor #102

1963 6329 Six-Window Sedan de Ville
1972 Fleetwood BroughamóRIP
1988 Sedan de VilleóRIP
2001 Eldorado ESCóRIP
2003 DeVille DTS

Offline Bob Hoffmann CLC#96

  • Posts: 3341
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      CLC Member #96
Re: Insurance question??
« Reply #8 on: June 15, 2017, 03:17:09 PM »
Grundy claims to offer insurance for everyday drivers as well as collectors on their TV commercials.

Brian
I called Grundy. They're working up a stated value quote for my three  collector cars AND the newer daily driver. Let's see what happens.
Bob
1941 62 coupe custom maroon
1970 DeVille conv. triple black
1968 Eldorado slick top ,white/red interior
2015 Holden Ute HSV Maloo red/black interior.
             
Too much fun is more than you can have.

Offline Highwayman68

  • Posts: 119
  • 68 Fleetwood Brougham
    • CLC Member
      CLC Member #29574
  • Name: Mark Demyan
Re: Insurance question??
« Reply #9 on: June 16, 2017, 08:57:54 AM »
One more for you to look at. I have two cars covered under this and I set the value I wanted the coverage for.

http://www.anpac.com/classic-car-insurance/