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In this Discussion
- Browniepetersen October 2010
- Jamescuck November 2010
Choosing which insurance company?
-
Hey there, My names Ethan and I'm 20. I've always loved Muscle Cars from the 60's and 70's. I finally have a chance to purchase one. I found a 1971 Chevrolet Nova for $2500. The body's in perfect shape and the engine and TH-350 run flawlessly. The reason the guys selling it so cheap is because he said the numbers don't match, which I'm not worried about since I just want one of these cars for my own project of restoration and customization. I'm wondering about auto insurance. Someone told me I could use Hagerty or American Collectors Insurance, but I currently have State Farm. This friday I'll be calling them and seeing if they would Insure the Nova and for how much. My question is what is your opinion on those companies, if there's a certain company I should go with? I don't have the best driving record but I haven't had any tickets or anything like that in the past 4 years. When I get the Nova it will be used as a daily driver, not a parade queen, that will be my biggest problem I'll run into I suppose, that and my age. What do y'all think?
P.S. The car has a 350 in it right now, which I'll be swapping out with a 454 later on if it matters. -
Insurance on a collector car is much the same for all the insurance companies. Price depends on how your company writes it up and what value you place on the vehicle. Most collector insurance programs establish a value for the vehicle say around $10,000 as an example and then charge about the same. State Farm as an example would charge less than $10.00 a month for such a policy. Too that factor they add in their estimate of the replacement value and in this case it falls into the muscle car class so if you get different values from different companies they are not giving the same coverage. My experience is to "go home with the girl that you brought to the dance." Or in other words, sit down with your current agent and go over what coverage you want and come up with a price that works for you. Once you have that price, if you shop around, other companies will give you the same price within a few bucks. If not they are adding or dropping coverage.
E. L. "Brownie" Petersen
Petersen Historical Automobile AppraisalsBrownie -
Choosing an insurance company is an important decision. There are many things to consider, such as whether or not the company is financially solvent.
private health insurance comparison
