2019 Carbon Series mileage milestone

[Ed Sims]

Classic Auto Insurance through Drew here on the Forum. I am signed up for 6K miles per year but I can go higher if I need to. Reasonable rates.

Ed

 

[1997spider]

I have used Grundy. They are very good to deal with. Agreed replacement value is fair.

 

[MarkH]

I use State Farm. 7500 miles a year.

I see you have state farm and that is who handled all automobile insurance but we are told no agreed value. I assume you dont have an AV with them correct?

 

[extrap]

I see you have state farm and that is who handled all automobile insurance but we are told no agreed value. I assume you dont have an AV with them correct?

I have my '05 at State Farm and when I tried to switch to agreed value they replied with:

The system will only allow me to quote up to $249,999.00. The vehicle would need to meet the following requirements to qualify as Classic only due to the age of vehicle wouldn’t qualify for Antique. The estimated price is $487.57 every six months for the same coverage you have on policy now. (I have the highest coverages offered and highest deductible offered)

Antique and Classic Automobiles

For classification and rating purposes, an “antique and classic automobile” is defined as a vehicle not driven or a limited use vehicle used primarily for:

•Exhibitions.
•Club activities.
•Parades.
•Similar functions of public interest.
•Infrequent pleasure driving.

These vehicles are not used regularly for personal, pleasure or business purposes.

Eligibility is determined by the following criteria:

•Age
•Use
•Historic interest
•Condition
•Storage

Additional considerations

•Vehicles valued above $1,000,000 are ineligible.
•An aggregate vehicle value cap of $3,000,000 applies for multiple antiques and classics owned by a single insured.

Antique and Classic Definition

An automobile is considered an antique if it is 25 years or older.

An automobile is considered classic if it is between 10 and 24 years old.

All of the following must also be true about the antique or classic vehicle:

•It has historic interest.
•It has been restored with exceptional workmanship, has been maintained and preserved in its original condition, or is undergoing a restoration by an antique automobile hobbyist.
•It has not been driven or has been used on a very limited basis, such as for infrequent pleasure driving, parades, club activities, or similar functions of public interest.
•It has not been used regularly for personal, pleasure, or business purposes

I might still switch to another company, when I get time to shop.

 

[jaxgt]

FWIW I would not even remotely consider a policy that wasn't Agreed Value for a GT, or anything of value...

 

[fjpikul]

I do not have agreed value.

 

[PeteK]

If you haven’t already, should check with your insurance co. to know what they would pay you if it got hit by a bus, or a tree fell on it. If your policy says “Actual cash value,” or similar language, that means the dealer-to-dealer wholesale price, trade-in value, or loan value. Probably about 20% lower than market value.

 

[fjpikul]

I don't think you guys figure in speeding tickets and what happens when a company drops you. I am plenty happy with what I have.

 

[anya]

SPEEDING TICKETS??

 

[Stef]

Hagerty with,
Unlimited mileage and Agreed value.
I am satisfied.

 

[Specracer]

Im glad I have a lot of restraint, and drive like a complete sally on the street. I do not envy those comments.

I don't think you guys figure in speeding tickets and what happens when a company drops you. I am plenty happy with what I have.

 

[jaxgt]

Without agreed value, should there be a loss, you could spend a year and tens of thousands in legal fees trying to get appropriate replacement value. Your NGT with a ‘street’ value of $750-850k could be a 'depreciated' $400k in the insurer's eyes. Honestly, I can't stress importance of agreed value policies enough. We use them for all our 'normal' cars as well.

 

[roketman]

New mileage milestone….

 

[RPM217]

So, when are the long overdue hot laps at LR going to take place.................waiting!!!!

 

[roketman]

So, when are the long overdue hot laps at LR going to take place.................waiting!!!!

I’m happy driving my cup car on the race track.
Be glad to take you for a ride in that

 

[Howard]

Hey, I can do that too.

 

[medici78]

So who's got the highest mileage? Most I've seen was a blue one with 40k. I'm barely at 700 itching to put more on.

 

[RPM217]

I’m happy driving my cup car on the race track.
Be glad to take you for a ride in thatView attachment 63512

While I had always hoped to get the laps in the NGT, I would love to meet you at LRP for laps, when we can arrange it!!!

 

[roketman]

While I had always hoped to get the laps in the NGT, I would love to meet you at LRP for laps, when we can arrange it!!!

I’ll check the schedule and get back to you

 

[Nafod]

Use Drew at Classic Auto, which then is a AV, unlimited, non restricted policy from Hagerty.