The Stovebolt Site Forums The Shop Area General Truck Talk FYI on Insurance

I have been searching for a while now for insurance on "Ole Ruby". It's been hard to find full coverage for a daily driver without being garaged and limited on mileage. I just insured her with State Farm. I have 100/300/100 Bodily injury and property damage with $100 deductable on comp & collision, 100/300 uninsured motor vehicle bodily injury and emergency road side assistance on my 49 1/2 ton. No mileage restrictions or 2nd vehicle BS either. This is on a "Stated Value" of 10k. I drove her to the agents office and all they did was take a picture. $24.09/ month. I was so suprised at the low cost, I made the agent triple check. Thought some of you all may want to check it out. Hope it helps somebody.

Hey there,
Thats GREAT for a daily Driver. I think that I should look into this too.

thanks


Cliff59

Mine is through progressive;36.00 a month for the bare bones liability,and I thought that was pretty good!! Wonder if they'd do a deal like that out here in the great uncharted wilderness...
Speed

Shipwright
"This is on a "Stated Value" of 10k."

Bad news

"Stated value" is not what they will pay if you total the truck. Just what you want it insured for but they do not have to pay that price.
I had "Stated Value" insurance with State Farm for $12,000.00 & they only paid $4,000.00 when it was totaled. :mad:
You want a "Agreeded Value" policy with a pro appraisal.
Believe me a State Farm "Stated Value" policy is not worth the paper it is written on.
I still have State Farm Ins. but not on my 57GMC or the 57 BelAir

I have State Farm , I had liablity & uninsured motorist etc-they paid me $6800 for an unrestored 64 C10 I lost under uninsured(hit & run),,here are pics RIP old black truck no complaints,,brian

My agent said it was up to me to prove the value at 10k if it was totaled. I have a laundry list of stuff I have done to improve the truck. She said as long as it is documented, it was covered. Hope I never have to find out. Still beats the heck out of what I WAS paying for liability alone.

Go with "agreed value" with a professional appraisal (or two!). "Stated value" isn't worth the keystrokes to send the policy and is meaningless. Believe me, I know! The appraisals and documentation meant nothing to USAA when my beautifully done '70 Ford F-250 was completely destroyed in a tornado three years ago. They paid me less than half of what the truck was worth (insured value), only after I took them to the State Insurance Commission after they offered me a fourth of the value!!!

Get the agreed value!!! Get the agreed value!!! Get the agreed value!!!

I had my 52 insured thru farmers , for only 5,000..full coveraged.. I believe it was over 500 bucks a yr,,, dropped it and went to haggerty for 12,000 value,,etc for 200 bucks a yr..


you got a deal on yours for sure..
cliff59,,,,,,,,,,dont think you will get that deal here..........

I am getting my truck reappraised asap.I had to get it appraised when i first got the truck. The ministry of transportation required one for the ownership change.The guy who did it, appraised it low so I wouldn't have to pay higher taxes at the MTO.

I have fire and theft on it now ( its title unfit )with State Farm.

I was at a shed fire this morning and in this shed was a 1968 Satelite totally restored and appraised, a 1968 charger ready for paint, no appraised value on the car. Both cars were destroyed by the fire. I don't know what kind of insurance he has.


Rob

24.09 per month = $289.08 per year. As Joker stated Hagerty is much cheaper and had no mileage restrictions the last time I checked.

I'll go get her appraised and get the "agreed upon value". I checked with all the classic car insurance companies and they all had garage and/ or mileage restrictions. Most also stated that it could not be a primary use vehicle either. Thanks for all the input fellers.

As a reference point, here's what I've signed up for:

$300,000 combined single limit personal liability;
$55,000 uninsured motorist coverage;
$2500 PIP,
No Comp or Collision Deductible,
$250.00 UM/PD deductible,

This is based on a $10,000 stated value of a '58 235, 1500 miles annually, no trailers, no minor drivers.

Total price per year: $130, about 11 bucks a month. Quote was supplied on 6/10/06 and double-checked on 6/12.

TxLaTx , who was that with? Sounds real good.

Just signed up with Hagertys for my 53. Agreed value of $20,000 for $200 a year. Seamed like a good deal to me.
Tom

I went the pro appraisal route as well, on the appraisers letterhead - 15K daily driver, etc, etc...well worth it..

The appraisal cost me a fifth of Crown..

avette, that is why I went to hagertys, dont think you have that issue with them, your value is what you decide and pay for.........I hope

i always thought your mileage was limited with haggertys

Hagerty Terms

No specific mileage limits. You cannot drive it on a daily basis (to your job and back each day) or for commercial purposes (as a truck/hauler for pay).

They ask you for an estimate of your annual driving miles - the premium might be affected by the amount of miles.

I was just down there (to Hagerty's offices) yesterday talking to an agent about insurance. The preliminary quote was good and I know where they live!

Avette: Tiny and tclederman are right. They don't specifically limit your mileage, but they REALLY do not want you to use it as a daily driver or as a "commercial vehicle" (hauler/taxi, et cetera).