Agreed upon insurance....???

[stang8urimport]

I know this has come up before, so I used the search button... But of course it comes back with no results lol. Our cars are worth **** KBB, but we all know they are worth more. If I get into a fender bender, I don't want my insurance company to total it out cause there is $1K in damages, and the car is only worth $2100 KBB.

Anyone know of any insurance companies that do the agreed upon insurance? I know it's hard because our cars are not considered "classic" yet. Let me know! Insurance lapses next month

Nick

 

[68torinogt]

is it a dd?
try hagerty thats what i use on the torino i drive the mustang so i cant do that yet but soon i will.

 

[68torinogt]

but if you find one for a dd let me know i would be interested.

 

[GroverDill]

American Hobbyist.

requirements are:
10 years driving time
Daily driver for each member in the household
Car must remain in a locked garage when not being used

 

[stang8urimport]

10 year driving time? Meaning you have to have your lisence for 10 years??

 

[Shakerhood]

I know this has come up before, so I used the search button... But of course it comes back with no results lol. Our cars are worth **** KBB, but we all know they are worth more. If I get into a fender bender, I don't want my insurance company to total it out cause there is $1K in damages, and the car is only worth $2100 KBB.

Anyone know of any insurance companies that do the agreed upon insurance? I know it's hard because our cars are not considered "classic" yet. Let me know! Insurance lapses next month

Nick

I am going to be putting my car on American Hobbiest soon they seem like the best ones out there.

 

[stang8urimport]

I would love to, but I have another year before I can qualify (10 years driving experiance). And even with that, I hope they count a learners permit. lol I'm sorta screwed until then.

 

[powertrax91]

10 year driving time? Meaning you have to have your lisence for 10 years??

Yes... you must be a licenced driver for at least 10 yrs.

 

[68torinogt]

there has to be another that is more leanient.

 

[stang8urimport]

I'd hope so too. I really don't want to be covered by an insurance company that is going to crush my car, cause a fender got dented

 

[68torinogt]

me neither and i want to continue driving it. i have one on antique insurance but it regulates almost everything excemt miles.

 

[GroverDill]

I love American Hobbyist, so cheap. 250 a year for 18.5k agreed value (soon to be 30 or 35k with the new mods)

 

[68torinogt]

but can you drive it to work and everyday if you have another car on a policy

 

[wythors]

We use Hagerty for both the 93 and the 96. Quite cheap and great coverage.

 

[68torinogt]

but i cant drive it to work with that i have it on the torino and i hate that fact b/c i know it wont get hurt there but it wouldnt be covered if they found out that i drove it to work and i would hate to take that kind of loss

 

[89lxsport50]

I just went through this with my 89. I bought an 02 GT to drive everyday, and wanted to put agreed value insurance on the 89. I shopped around with all the companies and had pretty much decided to go with American Hobbyist. The blue book is about $1000, but they were going to insure it for $8000 for about $165 a year. I discussed it with my State Farm agent and she convinced me to stay with them. They put it on a "classic car policy". It is insured for $8000, at a cost of $190 a year. It was a little more, but there are no restrictions like with the other companies. I can drive it to work or as much as I want. I just had to show her several examples of similar cars going for that price. She also took pictures of it.

 

[68torinogt]

i will look into that thanks.