Classic car insurance

I can't believe that I get to type this, but if I want to find out if gears 2, 3 and 4 work in Tunatruck, I am going to need to get it out of the driveway. It's a 72 GMC. I'll likely drive it only on nice days but am allergic to mileage limits or policies disallowing me from driving to work for giggles.

Right now it's worth maybe 5K but once done it will be worth 15K (at least that's what I'd like to insure it for)

Who's my best bet for collector car insurance? I have the rest of my cars and house through Allstate.

American Modern Classic will cover it with an occasional show/work policy. Not terribly expensive but most people keep their mileage under 2K a year. 

For my baja, corvette, thunderbird and Porsche it runs me less then 1K a year with 1500 mileage restrictions on all the cars individually. 

Hagerty will let you drive for giggles and I think an occasional drive to work is okay. The big thing is that it can't be your primary car. I'd talk to them for sure.

If you don't want mileage limits because you think you're going to be doing many thousands of miles every year, you're not looking for classic car insurance. You're looking for real car insurance.

Oh, and talk to an independent insurance broker for both this and your other cars. You may be surprised how much lower insurance costs can be if you're not going with one of the big companies that has to pay off those celebrity endorsements and Superbowl ads and high risk drivers.

Most of them also require that you park it in a locked garage too. 

I have hagerty on the bugeye, its only a couple hundred a year with tow and perks. 

I will have it garaged. I forgot to mention that.

I have Hagerty for decades now on all of my old stuff. They don't ask mileage numbers. I drive it to work when I want to. They will want to verify that you have a true daily driver aside from your old car. 

Agreed, they've never asked me for mileage numbers. Some of my "regular" cars do have to provide proof of mileage every year or two though.

Do they have restrictions on how old your daily driver can be? I have a really nice 2008 Honda Fit that is exceptionally well maintained and has less than 90k miles on it.

I'm not interested in buying something new or close to it just to insure my Datsun through a classic policy.

I've been with Grundy for over a decade now.  For 4 or 5 vehicles I pay about $317 per year in premiums.  They asked me for 2 pictures of each car, and they let me declare the value for each.  Minimum was $6000, so just use whatever you want over that, within reason.  Gotta be garaged, but no mileage restrictions.  IIRC they did ask me if I had a vehicle insured with "regular" insurance, which I do. 

I will say, Geico has also been pretty reasonable for the Plymford, which I haven't bothered trying to get insured through Grundy due to its extensive modifications.  I think it costed me about a hundred bucks a year to add to my "normal car" policy. 

I used to care about mileage limits, but historically over the past few years I'm lucky if I put 1000 miles per year on any of my classics. 

jimbob_racing said:

Do they have restrictions on how old your daily driver can be? I have a really nice 2008 Honda Fit that is exceptionally well maintained and has less than 90k miles on it.

I'm not interested in buying something new or close to it just to insure my Datsun through a classic policy.

I think the daily driver has to be "not our problem" :)

Hagerty didn't even flinch at the V8 MGB, and they let me set my own value. They are not interested in the old Land Rover, though - offroaders are not to their taste.

I'm going to add that you should call the insurance companies (or their agents) to get some solid answers. For example, I once found that some specifics differed by state of residence. Based on my experience, provided you have a dedicated daily and locked storage, you should be in good shape. But do make those calls.