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Insurance suggestions

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jvandyke said:
I'd think a high percentage of toy cars rarely get driven, therefore very low risk for the insurance company (ergo the relatively cheap insurance).
I'm sure they've researched it to death.
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Heh - I had my 69 MGC GT insured for decades even though it wasn't drivable. I've had my Sprite insured since the day I bought it and I've never driven it.
Yeah, they get paid a lot for cars that don't get driven if I'm any representation of the market.
 
Bayless said:
Just to expand a bit on what Mark said above, if you have an accident on the way to work, it's not just your cqar that isn't covered. Your liability will not be good either. You injure someone or total a new Mercedes and you'r just hung out there. Also, that would mean you are effectively driving without insurance. In most if not all states, that is illegal.
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All the grey areas, provisios ect are exactly why I just went with State Farm over a collector insurance provider. The only limitations on Miss Chuff is annual mileage. If I go over a certain amount, the rate the next year jumps up to the next mileage level. Where, and when I drive it do not matter to them as long as it is not used for competition. They did take pictures and did an appraisal on it though.
 
RickB said:
jvandyke said:
I'd think a high percentage of toy cars rarely get driven, therefore very low risk for the insurance company (ergo the relatively cheap insurance).
I'm sure they've researched it to death.
Click to expand...

Heh - I had my 69 MGC GT insured for decades even though it wasn't drivable. I've had my Sprite insured since the day I bought it and I've never driven it.
Yeah, they get paid a lot for cars that don't get driven if I'm any representation of the market.
Click to expand...

If you don't intend to drive the cars, pull the tags and take the car(s)off your insurance policy. Of course, it won't have fire insurance (i.e., comprehensive coverage), but that may be a risk worth considering on a car that's less than perfect and maybe not worth a lot.

In most states, you don't have to insure vehices that are not licensed for road use.
 
....it won't have fire insurance, damage insurance if a tree falls on house or a tornado, etc. comes through no type insurance as your homeowner's insurance won't cover it at all.

Most of the collector insurance companies have insurance specifically for cars not licenses for the street or under restoration to cover things that could happen in the garage. It is separate rom driving insurance - just ask them about it.
 
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