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MGFever

MGFever

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My wife was checking on insurance quotes the other day for our family cars. The MG's are insured through a different collector policy. She contacted AIG and the agent wanted to know if we still had the MGs in our possesion. He had records apparently. She said yes but we carry separate insurance on those. The agent then informed her the discussion was over as his company would not insure anyone that owned those cars even if they did not provide the coverage! He was appologetic, even saying he thought they are great cars, but rules are rules!
Has any one ever heard of this before? It seems completely insane and illogical to me.
 
Allstate refused to insure my boat because I had a speeding ticket on my record, but not only did they gladly insure the B, the agent wanted to discuss the various full-coverage options. (I don't like Allstate, BTW, but that's another story....)

AIG are morons. Shop around, and find someone better.

R.
 
You have the poor judgement to own "Non-standard Automobiles". Yup.

There aren't allowable words for this. Allstate is another of these offensive companies.

We're held to task by the government to spend money on "insurance", then told by the insurance companies ~what~ CARS we are ALLOWED to own. Which types of conveyances are "acceptable"!! Does this smack of some sort of collectivist mandate? Are lobbyists involved? Who knows...

I can't post what I want to... Other than to suggest that anyone with ANY policy with either of these carriers (or any which practice this discriminatory 'culling' of their client base) may want to consider looking to another company to enrichen with their hard-earned wages. Bad bit is: if you are "dropped" by these outfits, in some places you are "ineligible" to pay to insure thru ANY other company!!!

Note I don't call 'em "scum" and I did not use the terms "bottom-feeders" or "mouth-breathers"!!
 
Once you get to 50 AARP Hartford Insurance. Beats Geico.
 
I have a number of collector cars, and I am an insurance agent. I work for Farmers Insurance. We will insure almost any kind of car, and we also own another company that will insure specialty vehicles (Motorhomes, ATVs, Crotch Rockets, Jet Skis, Boats, Hot Rods, etc), I also have appointments with Hagerty, J.C.Taylor, and American Collectors Insurance. I insure my "regular" cars with Farmers, and my collector cars with several of the other companies. Farmers doesn't care if I have 1 or all my cars with them. On the other hand, I recently called (GEICO) to get a quote. They told me they could not insure my cars because they couldn't find "Riley" in their system. As a Farmers agent I know that we can find a classification for almost any car and insure it.
If someone insures a car with me, they also know that if they have a problem, they can call me, reach me on the phone and I will help them. They can (and do) come in to the office and meet me face to face. When you deal with a 1-800 insurance company, this will not happen. As far as my "normal" cars go, Geico and Progressive were higher than Farmers anyway.
Find an agent that will sit with you, assess your situation, then be able to tailor your insurance to your needs. You will be much happier and better served than if you insure with someone that can "do it all with just one ten minute phone call"
Down from my soapbox now.
Bruce, with 5 happily insured english cars.
 
I've insured home & cars with State Farm for over twenty years. I pay a small amount for insurance against fire or some other destruction for my MGC (something like $12 / year) as it is never driven.

They didn't bat an eye this year when I called & told them I'm now driving a 78 Midget. They are happy to take my money, I even increased my PIP (that's the best insurance deal in the world btw - do yourself & your family a favor - look into it).

I'm going to check out the deal Costco is offering, but for now I'll stay with my agent. They always know who I am whether I call or come in & are familiar with my coverage and they are helpful, courteous and kind. Of course they have an office in a small town just 3 miles from my home, that always helps.
 
I have my TR6 insured with American Collector in Cherry Hill, NJ. The requirements are that the car is kept in an enclosed garage, must show good photos, get a good appraisal or show receipts, and limit miles to 2500 per year. Car is currently insured for $27,500.00 with no deductible and full coverage.

Cost: $210.00 per year.

They say they rarely have to pay out claims because most people take better care of their cars than their wives.
 
Hehe, that's what they told me as well.
 
Hmm... the rate I'm driving my Midget right now is more like 7500+ miles per year. I guess that wouldn't work for me.
 
I'll agree with Bruce here. My agent is a guy I "interviewed" about twenty years ago, one of about a dozen. He's the only one who didn't try to 'up-sell' me, knew what I was asking for. Hovel, cars and the rest. "Stated value" policies on the cars, no limits to mileage, ain't callin' no lizard for a free quote. I know my agent well by now. Oh... he had just opened his office "back-when" and he was a Corvette owner. We got on just fine. He took the photos and wrote the policies. I paid him what I consider a fair price. Nothing's changed.
 
For me: USAA - basic liability coverage - nothing else - on all my MG's except the TD which has stated value through USAA's antique car insurance company. On the other ones, I just call USAA & put liability on them for 6 months when I decide which ones I'll drive that season (this season its the '79 Vermillion Red, the '67 GT, the '74-1/2 GT, the '63 Midget, &, possibly, the '74 RWA Midget)....that liability insurance is, of course, in addition to the 'storage' insurance that covers all of them should the garage burn.
 
I would consider "agreed vale" rather than "stated value" policies.

With an "agreed" value, you have a better chance of recouping what the car is worth after a catastrophic event because both you and the Company have agreed upon a value.

With a "stated" value policy, YOU are stating what the car is worth...the Company does not necessarily have to agree to that value in the event of the car's demise.

FWIW - YOMV
 
I've been off for a while so didn't have a chance to review the commnets until now. Thanks a lot for the responses. I probably wasn't clear in my original post. I have a separate collector policy with a different company for my MGs. AIG said it did not matter. They would not insure any of my cars! That was the unbelievable part.
 
Allstate is the SAME WAY! They call them "Non-standard" and for whatever reason use that ownership to cancel ALL policies you have with them. This happened a number of years ago to a friend: he had an Elan and a Volvo wagon. Allstate insured the Volvo ONLY... They "found out about" the Elan somehow (no big leap of imagination necessary) and IMMEDIATELY dropped him. Once his coverage was cancelled by a carrier, he was deemed a higher risk by OTHER carriers. "Uninsurable"! He had a horrible time finding insurance for that stupid Volvo!! When he did, it was usury. This FOR OWNING A CAR ~SOMEONE~, SOMEHOW, DECIDED was a danger to the order of the universe. That's all it can be. Sure wasn't a threat to the Allstate outfit. Or mebbe they thought the Elan would turn around one night and EAT the Volvo, they'd have to settle... Or it'd decide to commit suicide and take the Volvo with it.

I don't know for sure what the reasoning is, but it basically dictates what cars we're "allowed to own". This is a very dark and foreboding symptom, IMO.

... the camel's nose is *in* the tent...
 
The camel's got more than his nose in the tent, and the analogy alone is a litle too current for my tastes, but here in NH I insure all my vehicles and home with Allstate, including the MGB. Must be a state to state deal, my brother is a State Farm agent in Calif. and every so often they stop insuring certain assets or change rules to minimize exposure, but then they'll go back and insure that risk class again. My agent is a friend, humans answer the phone. Those are Rules 1&2.
 
All my "stuff" is with State Farm. If they DO change their rules, they don't make it "retroactive." If I have my home with them and they stop -writing- policies, mine stays in effect. I've owned as many as three Lotus cars at one time and they've never cancelled my other cars' policies for it. Heck, the Elan wasn't even listed as a car in their books back in the early '70's. That agent asked what it was most like in their "charts"... I said it sorta-kinda was most like a Pinto Runabout, 'cept a drop top. It was insured on that basis for over a decade! <shrugs>
 
tony barnhill said:
For me: USAA - basic liability coverage - nothing else - on all my MG's except the TD which has stated value through USAA's antique car insurance company.
Click to expand...


USAA's antique car insurance company is American Collector, in Cherryhill, NJ. That is who they referred me to. I have been with USAA since 1970 for all my cars and my home. My 3 sons are now with them. Good, conservative company.
 
Bill - you're correct & we used an appraised value not 'stated' for my TD...
 
Used CSAA for many years. Insured stock trailers through MG Midgits. Never had a problem adding new or unknown cars. They told me the ones in the back yard can come under the home owner's policy if something happens to them. Agreed--I don't do Alstate.
 
I've ben using Condon-Skelly in Morestown NJ for my 74 Midget $60 for 5k agreed valve been very happy with them I only drive my car on convertible days so I'am never close to my 2500 mile limit
 
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