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
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
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"
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.
Thanks for the reference.
I just received a tremendous quote for my 2001 Eldorado Sport Coupe.
Matt CLC# 18621
Grundy claims to offer insurance for everyday drivers as well as collectors on their TV commercials.
Brian
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
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.
Quote from: 76eldo on June 14, 2017, 10:46:14 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
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/
Bob,
Any conclusions?
Andrew Wall
#10638