Classic Car Insurance That Doesn't Suck - Mercedes-Benz Forum
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post #1 of 35 (permalink) Old 08-02-2019, 02:39 PM Thread Starter
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Classic Car Insurance That Doesn't Suck

I have a new car that is fulfilling the role of daily and my 380SL has now been relegated to Sunday driver.

I got a quote from Hagerty and was surprised to learn that my application was denied because I store the car in a shared garage! I live in an apartment building but the parking garage is locked and covered.

I liked Hagerty because they didn't give crap about letting me drive my car to church on Sundays and then to the grocery store in a single swoop.

I initially contacted Grundy who gave me crap for that. I'm tempted to just get it since they didn't bother me about the shared garage.

Does anyone have any recommendations for classic car insurance that:
1. Let's me drive to the damn grocery store like once a week
2. Doesn't care I live in an apartment building

I live in California if that helps.
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post #2 of 35 (permalink) Old 08-02-2019, 03:58 PM
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I have American Collectors, and although they have a little more relaxed policy on casual driving, I'm not too sure about the apartment building-garage sharing issue. Hagerty is very popular, and they have a high level of satisfaction, but when I compare dollar for dollar coverage yearly for the same coverage, I keep renewing with American Collectors. It wouldn't hurt to give them a call to check about your situation. Good luck!
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post #3 of 35 (permalink) Old 08-03-2019, 02:38 AM
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I have State Farm antique car insurance. I'm not sure about a shared garage but you could call your local agent.
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post #4 of 35 (permalink) Old 08-03-2019, 08:47 AM
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Originally Posted by andya View Post
I have State Farm antique car insurance. I'm not sure about a shared garage but you could call your local agent.
I have SF for all the other cars, the house, the belongings, and an umbrella on other valuables. I had spoken to our agent at one time about insurance on the 107, and he offered SF antique as coverage, but they didn't offer agreed value! However, if you can get the garage coverage, it may be worth it to you.
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post #5 of 35 (permalink) Old 08-03-2019, 09:21 AM
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I'm gonna be more of a know-it-all than usual, but, MAKE SURE you get a policy that lists the specific dollar amount you will be paid if your car is declared a total loss. Every year I have a few customers that come in with their car damaged and they are crushed when they find out their own insurance company doesn't value their car at the level they thought it was.

Stated value, agreed value, market value, I don't care what it is called. MAKE SURE you get a printed copy that says they will pay you "$XX,XXX.xx" if your car is a total loss.

Don't trust your agent, don't trust anybody. Make sure you get it in writing.
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post #6 of 35 (permalink) Old 08-03-2019, 09:28 AM
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I use American Collectors as well. They were very good when I got rear ended 2 years ago. I had full control of the repair in terms of shop choice and parts source. I think I'm on terms of 2500 miles a year. Some years I drive more than that, some years less. I've never been bothered by them about it.
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post #7 of 35 (permalink) Old 08-03-2019, 10:30 AM Thread Starter
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Thanks for the recommendations gents. I think this might be more complicated than just going to the internet. I'll investigate a good agent since this is a big deal.
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post #8 of 35 (permalink) Old 08-03-2019, 11:01 AM
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I'll investigate a good agent since this is a big deal.
Go get your car appraised to see how much of a big deal it is.

If your appraisal is low....then why fret about it? Add it to your other policy.

If it is high....then you need paperwork from your chosen insurance company with "agreed value".
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post #9 of 35 (permalink) Old 08-03-2019, 12:11 PM Thread Starter
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Quote:
Originally Posted by okyoureabeast View Post
I'll investigate a good agent since this is a big deal.
Go get your car appraised to see how much of a big deal it is.

If your appraisal is low....then why fret about it? Add it to your other policy.

If it is high....then you need paperwork from your chosen insurance company with "agreed value".
That's the thing, we all know the appraised value is about the same as dirt. You've seen my car, it's not concours in the slightest!
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post #10 of 35 (permalink) Old 08-03-2019, 01:49 PM
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That's the thing, we all know the appraised value is about the same as dirt. You've seen my car, it's not concours in the slightest!
Appraised value will be the determining factor on which way to go with insurance.

If it's only 5K then why chase specialty insurance?

If it's 20K....now you need to choose an appropriate policy.

Remember....it's not what you can sell it for....it's how much you can prove you have in to it...what it's worth to YOU should something untoward happen.
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