stated value is what you DON'T want............... you want agreed value.

Jody

What I don't understand -- is why YOU have to have insurance... if your Father is also an owner. Put the car in your Dads name - do a side agreement on the pass thru should something happen to either of you... and just have him insure it. Make sure that you could drive it and be covered.

Generally these collector car coverages are adamant about having 10 years of driving experience in order to drive the car... which automatically means you have to be 25.... (getting a permit at 15). So you might find yourself "out" regardless.

Use an insurance broker and they'll get anything done. :thumbsup:

I am a State Farm Agent
 

Jody is correct about the State Farm policy, it is stated not agreed. The only time the "agreed" part comes into play with the carriers that write that type of coverage is in a total or theft loss. If you car is damaged in an accident they are still going to adjust the loss based on reasonable shop rates and parts. As much as people, including myself, would like for the insurance company to write you a full value check when your classic gets hit, the reality of the situatuion is if you have $50 or $100 grand of coverage and some one knocks the front of your car off...there is a lot of repair work that can be done before it is ruled a total. Theft is completely a different story, the car is gone, nothing to repair, they will write you a check...agreed value. Stated Value you would need to prove vlaue with reciepts, apprasial, pics, etc. May still write the check but it is up to you to prove value.

I have my 69 insured through Heacock, which writes through Infinity.

Damn, my State Farm guy sold me a bill of goods. Thanks Payton and Jody. Calling him this afternoon.

Darren

I understand, and thats what I am trying to do, have my dad as primary and just make sure I am covered as a driver. But most guys won't even let someone under 25 DRIVE it. Hagerty allowed it with a perfect driving record, the speeding ticket changed that.

There are other just family things that would make it much easier to register, insure and keep it all in my name. People in all different states, moving, changing jobs, cars, insurance. The best way would be just me - the realistic way is a parent as primary, but need someone to allow me to drive and be covered. Classic said that was possible, but it was kind of sketchy, and honestly I do not want to have any grey areas since in reality I drive 100% of the time.

Thanks Guys.

Heacock said no for age. Condon and Skelly said no for ticket, and even with father as primary.

What did Tamra @ MK say....?:_paranoid

Classic car, under 25, no daily driver, AND living in Manhattan? That's a tough sell to any insurance provider. I thought all classic insurance providers required proof of a daily driver under a separate policy - but I could be wrong. Let us know how it turns out.

You could call Progressive. You might pay out the nose for it, but it'd be legal. I had them for a few years after a string of tickets and a DWI (not real proud of that one). They insured anything I could think of, even my Lotus. Of course, I wasn't trying real hard to get any kind of stated or agreed value...whatever it took to get a card in the glovebox. LOL.

I'm 35 and ticket free for 7 years now and use Hagerty, car is appraised, agreed value, etc.