Originally Posted by joesweeting
GEICO as a daily driver. USAA said they could not insure the vehicle for its current value. Best case seneriao they could pay 90% the purchase price in 1969.
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I have Classic Collectors insurance. Great service and a great price.
Make sure you get an Appraised Value on your car.
An appraisal is about $100 and makes sure you get what your car is really worth, not "90% of it's original purchase price."
And they said that was a "best" case scenario?
GTO's were only like $4000 in 1969 and you won't get much of a real 69 GTO for that these days.
Back in the early 90's I had a 65 Plymouth that I sank everything I had into over five years. Still living at home and built my hot rod from scratch. Burnt to the ground street racing (Nitrous related) and all I had was liability insurance on it. I had to pay $90 to get the burnt shell towed back to where I stored it. Now I carry a fire extinguisher in every vehicle I own. That's cheap insurance too!
You want to be able to replace what you've got if something happens. And be sure to keep all receipts for everything you do to the car, that helps establish value too.
Now, my policy limits the miles I'm allowed per year, but I've never had a problem with that. Not with the 3 mpg and all....... but it also covers it while in storage or in transport when I trailer it.