INSURANCE: How much cover do you have?

7173Mustangs.com

Help Support 7173Mustangs.com:

Joined
Apr 11, 2011
Messages
160
Reaction score
5
Location
Houston TX
My Car
1971 Mustang Mach1
I was just wondering what kind of insurance most of you the members have. My car is not on the road yet, I still need to invest around $5000 more less.

I know its a money pit, but what will your insurance cover in case something happens???

 

Tnfastbk

Well-known member
Staff member
7173 Mustang Supporter Member
Moderator
Joined
Sep 13, 2010
Messages
7,647
Reaction score
151
I was just wondering what kind of insurance most of you the members have. My car is not on the road yet, I still need to invest around $5000 more less.

I know its a money pit, but what will your insurance cover in case something happens???
Check into getting what they call builders insurace. You can increase it as you go and if something happens along the way you are covered.

 
Joined
Jul 19, 2011
Messages
4,829
Reaction score
17
Location
Pittsburgh, PA
My Car
1973 Mach 1 Q code 4 speed
1973 Chevelle 454 SS
2005 Magnum RT
2008 Colorado
I have mine through Hagerty $25k on finished car plus $12k on spare parts was $173 annual no deductables, and builders on the mustang $12k plus $12k parts for an additional $80 annually.

 

Mr Mac

Well-known member
Joined
Jun 10, 2011
Messages
226
Reaction score
0
Location
St Peters, MO/Harrisburg, IL
My Car
1971 Sportsroof
Mine will be through either Hagerty or Grundy (leaning towards Hagerty though) and should run about $150/year. Never heard a bad thing about either of them.

 
Joined
Jan 29, 2011
Messages
116
Reaction score
1
Location
PA.
My Car
1971 Mustang Coupe
Never Done.
Same here Hagerty, for $20,000, about $190 a month, Great company. They cover all the glass in your car, even if you break it, trying to take off molding. Dang old molding.

 

goodnigh

Well-known member
Staff member
7173 Mustang Supporter Member
Moderator
Joined
Apr 19, 2011
Messages
4,306
Reaction score
64
Location
San Jose, CA
My Car
1971 M-code Grande
Have California legal right now. Covers everything except the car itself. Go figure.

Have max liability, "in case you hit a Bentley", my agent says.

If I want the car covered I was told to get it appraised, that's all.

Companies that offer classic car insurance usually have restrictions.

Don't know about my insurer, Farmers.

mike

 

MotoArts

Well-known member
Joined
May 30, 2011
Messages
937
Reaction score
6
Location
Pittsburgh, PA
My Car
'71 Sportsroof
'90 Mustang 7-Up 5.0 ragtop (sold after 20 years)
'66 Sunbeam Tiger Mk.IA
I had good experience getting quoted by my local State Farm agent on upgrading the Tiger's insurance. All it took were some pics and an appraisal from a local body shop (one of their direct repair shops). As long of the agreed value was below $50K, the shop's appraisal was good enough. If value was above 50K, a full 3rd party appraisal had to be done (not needed in my case).

Cost worked out to be about $30 additional annually over just liability, @ $45K. ::thumb::

 
Last edited by a moderator:

Valhallo

Well-known member
Joined
Aug 3, 2011
Messages
367
Reaction score
2
Location
Utah
My Car
73' Grande
I didn't even know there was such thing as builders insurance. Man, I love this forum.

 
Joined
Feb 25, 2011
Messages
88
Reaction score
1
Location
SO CAL
My Car
71 MUSTANG MACH 1
426 HP 351W/AOD
Dudes, I have mine through American Modern. Full stated value on a total loss , $2000.00 parts. $75.00 towing per claim (Flatbed guaranteed) and you pick your mileage. 2.5k, 5k, 10k or unlimited and up to $600.00 for trip interruption. I

I put a value of $30,000.00 on mine (no appraisal, just pics. But I do know one guy they told his stated value of $25000. was too high for a 66 coupe) with 5k miles and it only costs me

$250.00 a YEAR.

If your in Southern Calif shoot me a message and I'll give you my guy's (gall actually) number. If not google American Modern Insurance.

 

Latest posts

Top