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Insurance

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I have all my cars at Citizens, they use independant agents and they pay good when you have a problem. What kind of insurance are you looking for? Classic car or ?
 
any company will insure the midget. Classic car insurance usually requires the vehicle to be garaged and may limit the number of miles you are allowed to drive in a year. They also look very carefully at your driving record and in my case, they don't like you to have drivers under the age of 25.
 
Most any insurance company will insure it...I use USAA & just insure them as regular cars..I don't even put collision/comprehension on them, just enough liability insurance to cover the other guy's losses, medical in case anybody's hurt, & mandatory uninsured insurance...I can always build another MG
 
I have JC Taylor (classic car insurance), which does limit your useage of the car somewhat; you're only supposed to be using the car for car show, car club, and public-event activities but they do "allow" you to use it for personal pleasure drives. They don't cover you for using the car as everyday transportation for commuting to work or school.

There is a 2500-mile/year cap but they specify there is no mileage limit on the policy (catch-22?)

My agreed-value policy sets be back about $125/year for $13k worth of coverage on the car itself plus all the liability coverage, etc.

State Farm said they'd be glad to insure the car with a "normal" policy, but requires a full professional appraisal of the car's value - but in return you do get the same daily coverage you get on a daily-driver.
 
I am an insurnace agent. For classic car insurance I would recommend both JC Taylor and Haggerty. Both are very reasonable and good to deal with. Haggerty will allow more miles. Neither want you to use the car for your daily driver. If that is what you are looking for then your regular Ins. company should do the job.
 
I just got a new policy from American Collectors Insurance (www.americancollectorins.com)My regular car insurance company (AIG) would not insure my 74B and refered me to American. They treated me real well and I pay less than $50 a year for full tort full coverage with the following provisions:
-Limited to 2500 miles per year (5000 miles available)
-must be stored in an locked garage
-cannot be driven by anyone with less than 10 years driving experience (sorry boys..it is Dad's toy)

I got a quote online and the application came a couple of days later...got the policy in other week and have been pleased.

Bruce
 
Guys, there's no reason that a 'regular' insurance company won't insure an MGB....its just a car...they're not expensive collectors to be treated with kid gloves--yet...they're drivers....USAA treats 'em just like my Mercedes 380SL...I tell 'em what I paid for it (or prove how much I have in it) if I want collision/comprehensive insurance--which I don't--& they insure em....other 'regular' insurance companies are the same! If you find one that won't insure it as a regular car, don't trust your econobox to them either!

...I wrecked an MGB once when I was a young Army officer (after MG had gone out of business)...not my fault, other guy assumed blame...my insurance company paid me $5,000 & sued the other guy's collision insurance for reimbursement...check printed within a few days of when the adjuster said, "yep, its totalled." Even let me keep the hulk!
 
Unfortunately not all companies are the same.

Allstate, for example, will not give you full coverage based on any kind of value on older cars - in fact they flat refused to discuss the matter beyond giving liability (because of the age of the car).

State Farm will give just about anything you want, but based on a professional appraisal of the car.

I've shopped through a couple of other "brand name" insurers that operate in Florida and they all pointed me toward "collector car" insurance (again, except State Farm).

Maybe those examples are just a quirk of Florida insurance.

Collector-car insurance polices often have "agreed-value" policies whereby you can claim the value of the car, no matter what you paid for it (within reason - JC Taylor limits that to $20k). Many of those same companies even automatically increase the value of the policy yearly because of the nature of antique automobiles.

My MGB is a show car, and is driven primarily to shows, club meets, and the occasional evening drive. I wouldn't say it's a garage-queen, but it is keep covered, garaged, and dry. For this car the collector-car policy I have is an outstanding value, even with the few limits it has.

The low price is even more appealing for considering I'm already having to pay regular vehicle insurance on two other cars and an airplane.

[ 11-19-2002: Message edited by: aerog ]</p>
 
Guess that's the exciting difference between all of us & our cars...while all my cars are 'show quality', they're meant to be driven...&, I build them with that in mind...if I'm out in an MG & it rains---the MG gets wet right along with me! If I get hungry, I park it in the restaurant's lot & go eat! If I'm driving down the road & the wife wants to stop by the mall, hey--it fits between the white lines there also! Somebody hits one: I'm sad..but, its just a car so I pull anothero ut of the garage until that one can be repaired or replaced!

Heck, not long ago, I drove my '65 Midget on a clear, sunny morning...didn't get top out of trunk or even think about side curtains...went to lunch with a friend & it poured...when I got back to work, Midget was soaked...it dried out okay...will be in Christmas parade in a few weeks...

Heck, I've spent over 2 years & right at $10,000 building my wife a '70 GT from a stripped, blasted body up to where it is now (ready for engine installation)--no used parts anywhere that shows (exterior, interior, engine compartment even has all new nuts & screws!), everything is brand new...we're estimating it'll top $15,000 when finished, probably closer to $20....she's gonna use it as a 'grocery getter' on Saturdays...I'll put it in shows!

USAA insurance with no restrictions! Oh, it'll have collision/comprehensive....it & my V8 car!
 
Perhaps you can enlighten us on what "USAA" is. The only "USAA" insurance references I can find point me to a company that offers insurance to active and former members of the military.

As I said, the insurance I have fits my needs perfectly, which is why I specified how I use my MGB, and for just over $100/year I can't complain.

[ 11-20-2002: Message edited by: aerog ]</p>
 
Yes, USAA is an insurance company that caters to active & former military officers & their families.
 
Yep...that's the link for them...They were very good to work with on the phone and by email...and I got a $4000 agreed value policy ( with automatic appreciation and updating of value)with full coverage for $48.20 per year. I even opted for higher than minimum coverage and full tort options at that price.

Bruce
 
I use USAA on both of my cars. They are cheap considering HI has a no-fault clause. They are for Military and Retired Military only though.
 
A warning tale here, this one may not neccesarily apply to an MG roadster situation value-wise, but anyway...

There's a guy in Alberta with a collection of Toyota Land Cruisers, including a number of the much rarer old station wagon models. He had a 1978 wagon and hit a deer with it while back in the bush, it took the front end of it out. I don't actually know what kind of insurance he carried, because I was just working as a basic grunt worker at the autobody shop at the time. But in his case the insurance company wrote of a perfectly fixable truck because the cost to fix was more than what the truck was worth, in their judgment. But to the collector the truck was worth more than that. Fortunately he was able to buy the truck from the company but had to pay for the repairs himself.

Just a tale of one situation... And a good point to consider regarding insurance on a collector vehicle.
 
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