Collector Car Insurance?

[chilly460]

I've previously had my '63 Merc on my regular insurance, but need to add a second "classic" and looking into specialty insurance.  Quote from Hagerty to insure my Merc and a '90 Saleen Mustang is $998/yr.  Seems really high for collector cars, no?  Values were $25k and $23k respectively.  Anyone mind letting me know what you're paying for vehicles of similar value?   I feel like most guys are in the $400/yr range.   

[mbrunson427]

Mine is only on storage insurance right now, so it's super cheap in comparison, but make sure that they aren't quoting you the "drivers club". It's basically an extra $120 a year that they charge you to receive their monthly magazine and "invites to exclusive events". I caught that in their first quote and had them drop it.

[chilly460]

Grundy quoted me $381 for both of them per year, so I went that way. 

[Stangman]

American collectors insurance.
I have one car 53000 and I am 465.
1 833 741 4022 canthurt to call
Tell them Joe Pisanello told me to call.

[cjshaker]

I use Hagerty for my Mach 1 and the Galaxie. My premium is about $750 for the year, no driving restrictions on mileage. I'm not sure why yours is so high, but I can assure you my total coverage is far greater than $48k. You might want to look into the policy details closely to find out why yours would be so high. Maybe location has something to do with it?

[Joe-JDC]

My '55 Thunderbird with Hagerty stated value of $28K plus towing pkg, $293.00 year.  No mileage handicap.   Joe-JDC

[machoneman]

Grundy, aka Philadelphia Insurance Co, has me at under $475 year, no restrictions, for my '70 Mach 1 and '88 5.0 Stang. Declared value at $38K for the '70, $22K for the '88 w/o even looking at my policy. Now, that said, here in suburban Chicago neither leaves the garage for about 5 winter months. Mileage then is very low per year. 

[Russ67Scode]

I have American collectors insurance $40000 and it was 1/2 of your quote

[sixty9cobra]

I have Hagerty insured for 45k cost me $477