Old Cars Price Guide

[Kube]

Originally Posted by tubman

This has been my experience as well. Over the years, I have run into several people who do not really understand collector car insurance. I told one guy with a Prowler about it, but when they balked at his request of an agreed value of $85,000 for it, he got mad at me. I had an elderly neighbor who had a very nice low mileage '70 Mustang he had bought new. I suggested that he could save a lot and get better coverage by going to a collector company. When I talked to him later, he said that when asked State Farm agent (whom he had been with for years), the guy told him there was no such thing.

To illustrate the difference, I am paying $1200 per year for minimum liability coverage and no collision coverage on my '99 F150, while my policy with Hagerty is $508 per per year for 3 collector cars with a total agreed value of well over $100,000, full coverage with zero deductible. It also includes roadside assistance coverage.

I couldn't help but laugh when you said he thought the value was $85k. What planet is this guy on? Those pieces of s-- are on bring a trailer all the time. I don't recall seeing one go past $20k.