Insurance?

[BGGB]

I'm finishing up my restoration and am preparing for all the paperwork and whatnot. i'm looking for insurance that is reasonable and fairly cheap (since i'm a student). i tried online quotes from several compaines but most don't go back to 1965, an the ones that do quoted at over twice as much as i expected. i'm i looking for to much for too little or is there a insurace company out there that will cater to older vehicals that daily drivers.

[Jim-ME]

I've had good luck with insurance thru AAA. I don't have collision or glass breakage and the premium on my 64 Rover is $178 every 6 months but I'm old too. My son's 2000 Jeep with all coverage is $345 for the same time period.
Jim

[Eric W S]

I'm finishing up my restoration and am preparing for all the paperwork and whatnot. i'm looking for insurance that is reasonable and fairly cheap (since i'm a student). i tried online quotes from several compaines but most don't go back to 1965, an the ones that do quoted at over twice as much as i expected. i'm i looking for to much for too little or is there a insurace company out there that will cater to older vehicals that daily drivers.

It's not the car that makes it expensive. It's the driver. Your a young student. Your the highest risk out there. Just because your driving a 65 won't make it cheaper.

Have your father insure it and list you as a driver. Pay him the premium. Then you'll get a deal.

And call an agent. State Farm had the rate book for a 66 and was able to bind my policy in under 4 hours.

EwS

[jp-]

It's not the car that makes it expensive. It's the driver. Your a young student. Your the highest risk out there. Just because your driving a 65 won't make it cheaper.

Have your father insure it and list you as a driver. Pay him the premium. Then you'll get a deal.

And call an agent. State Farm had the rate book for a 66 and was able to bind my policy in under 4 hours.

EwS

It seems like legal discrimination. Insurance rates are extremely high for the young. I understand why, but in my case I was a very good young driver. I fixed up cars at that time and only had most of the cars that I owned for 6 months or less. I never had any of them insured at that time. I made it through the most expensive years of insurance discrimination, and probably saved $30,000!

I drive based on two premises.

1. That the other guy doesn't want to crash his car either.
2. If you see a car with dents or crash damage, give him a wide berth. He doesn't operate on the 1st premise.

[greenmeanie]

I drive based on two premises.

1. That the other guy doesn't want to crash his car either.
2. If you see a car with dents or crash damage, give him a wide berth. He doesn't operate on the 1st premise.

That's why I love commuting in my 88. She has accrued enough scars over the years to make everyone think twice. The zip ties holding the rear driver's side corner together are a nice touch I think.

Once I have got my 109 built this one is going inside for a rebuild to make her pretty again.

Cheers
Gregor

[Eric W S]

It seems like legal discrimination. Insurance rates are extremely high for the young. I understand why, but in my case I was a very good young driver. I fixed up cars at that time and only had most of the cars that I owned for 6 months or less. I never had any of them insured at that time. I made it though the most expensive years of insurance discrimination, and probably saved $30,000!

I drive based on two premises.

1. That the other guy doesn't want to crash his car either.
2. If you see a car with dents or crash damage, give him a wide berth. He doesn't operate on the 1st premise.

Not discrimination. Statistical fact. Young people crash cars, speed, drive drunk. Actuaries crunch these numbers based on losses and assign risk. If you are going to ask someone to buy that potential risk, they will naturally charge you more. Discrimination involves race age or *** legally.

Health care is moving in the same direction. Eventually, out of shape, smoking and drinking people will pay more.

[pyounts]

My insurance is classic car insurance with Hagerty. I don't know if they ask about it being a daily driver though as mine is not. I do know I have to keep it locked up when not in use.

[SafeAirOne]

It has been my experience that anyone will write a liability/medical policy for a Series Rover; Finding someone to write a comprehensive policy might be a different story. I've only had liability insurance since I've owned mine. I figure that if I wreck my own truck, then I'm gonna have to just eat it. It's not like I'm driving around in one of these $35,000 restoration jobs anyhow. I total my 109 and I'm out the $7500 (and declining) market value, and I drive with this in mind.

[Leslie]

I'm also w/ State Farm, no problem w/ it at all.


Whe I was 16, I used to drive an old primer black mid-70's TransAm.... when meeting other vehicles on the road, they would almost run out of the road on the other side to give mine a wide berth.... Then, years later, when I had a beater FSJ, again, people would almost turn and take another route to avoid driving near someone in a battle-tank, lol.....

[Eric W S]

It has been my experience that anyone will write a liability/medical policy for a Series Rover; Finding someone to write a comprehensive policy might be a different story. I've only had liability insurance since I've owned mine. I figure that if I wreck my own truck, then I'm gonna have to just eat it. It's not like I'm driving around in one of these $35,000 restoration jobs anyhow. I total my 109 and I'm out the $7500 (and declining) market value, and I drive with this in mind.

State Farm bound my policy for the 66 in under 2 hours... Full coverage including theft and stated value...

EwS

[jp-]

Not discrimination. Statistical fact. Young people crash cars, speed, drive drunk. Actuaries crunch these numbers based on losses and assign risk. If you are going to ask someone to buy that potential risk, they will naturally charge you more. Discrimination involves race age or *** legally.

Health care is moving in the same direction. Eventually, out of shape, smoking and drinking people will pay more.

It still feels like discrimination. And not all statistics are facts. I was not part of the dangerous group you mention and neither were two of my brothers. We all made it without wrecks.

Funny thing is that the out of shape smokers will never have to pay more because they can afford to sue and claim that they are being discriminated against. Younger people as a whole are a lot more financially challenged and cannot afford to defend their position on things like unfair car insurance rates. Furthermore, by the time they have the wealth to fight such things, they are out of their high paying years and don't care anymore.

All I'm saying is that I wish things like car insurance were done on a case by case basis rather than on statistics. For instance: The younger driver should be offered a very reasonable rate when they start out, that the parent must also sign. If they start to drive dangerously and their record begins to reflect such neglect, then and only then raise the rates.

If I have no record of being a good or bad driver, why should I be treated like the latter?

[Eric W S]

It still feels like discrimination. And not all statistics are facts. I was not part of the dangerous group you mention and neither were two of my brothers. We all made it without wrecks.

Funny thing is that the out of shape smokers will never have to pay more because they can afford to sue and claim that they are being discriminated against. Younger people as a whole are a lot more financially challenged and cannot afford to defend their position on things like unfair car insurance rates. Furthermore, by the time they have the wealth to fight such things, they are out of their high paying years and don't care anymore.

All I'm saying is that I wish things like car insurance were done on a case by case basis rather than on statistics. For instance: The younger driver should be offered a very reasonable rate when they start out, that the parent must also sign. If they start to drive dangerously and their record begins to reflect such neglect, then and only then raise the rates.

If I have no record of being a good or bad driver, why should I be treated like the latter?

Actually, your completely wrong about health care and smokers. Our plan at the office requires you to declare if you smoke. If you do you pay more. If they find out that you smoke they can drop you. Our coverage will not pay one dime for any smoking related expenses. From blood tests to cancer. Previous employer's plan was similar. I am not in Accident and Health so I have no idea of any pending court cases.

Insurance is a business. It is neither fair nor unfair. Insurance carriers accept you as a risk and charge a rate accordingly (rates are subject to insurance regulation in every state of the union).

You couldn't afford insurance if it were done on an individual basis and the carriers would never be able to provide that service due to logistics. You would need an army of underwriters.

Enough of the hijack.

OP: shop the policy. You'll find a carrier.

EwS

[SeaMiler]

I'm in the process of getting a stated value policy and it's a pain - trying to get at least a $20k stated value because it would cost me over that to replace it if stolen/nearly wrecked - for a daily driver it hikes the premium way up...

[scott]

i us usaa. got the tow coverage and the money i save on tow trucks has almost covers the premiums. dailey driver/tower

[jp-]

Actually, your completely wrong about health care and smokers. Our plan at the office requires you to declare if you smoke. If you do you pay more. If they find out that you smoke they can drop you. Our coverage will not pay one dime for any smoking related expenses. From blood tests to cancer. Previous employer's plan was similar. I am not in Accident and Health so I have no idea of any pending court cases.

Insurance is a business. It is neither fair nor unfair. Insurance carriers accept you as a risk and charge a rate accordingly (rates are subject to insurance regulation in every state of the union).

You couldn't afford insurance if it were done on an individual basis and the carriers would never be able to provide that service due to logistics. You would need an army of underwriters.

Enough of the hijack.

OP: shop the policy. You'll find a carrier.

EwS

You're probably right on the smoking, as it is a choice and all that. I still think the overweight people will try to make a stand based on genetics or something else (i.e. 'they were born with it'). Our company has no such smoking policies. However, smokers are given a monetary incentive to quit. This hurts me though, because I never did smoke, yet I get no such bonus check.

Insurance is a business, but I think it could be done much differently than it is. There is room for another insurance carrier that could offer some radical new policies, such as the 2 and 5 year plan. If you drive with a clean record for 2 years, you can opt to have a certain percentage of your cash back, or opt for lower premiums, or you can then opt to go on the 5 year plan (with increased bonuses)...

Now here's another one for ya: The teeen/parent driver program. If another insurance carrier offers insurance to your excellent driving teeen for $800 every six months. We would offer it to him for half that rate, with the understanding that the parent will have to pay back all of the money saved if their teeen gets in an accident during the probationary period.

(Note: Teeen is blocked for some reason when spelled correctly...)