For what it’s worth, I’ll share my experience after going through a complete insurance adjustment on the daily drivers and two Camaros over the last few months. Here’s the scenario – I live in Florida, have 5 cars and four drivers in the household. Household drivers include my wife, daughter (21) and son (18) and me. The cars are a 04 Honda Pilot, 04 Mustang GT, 99 Jeep Cherokee, 69 Camaro ($48K appraisal) and 67 Camaro ($52K appraisal). I previously had all the cars with ANPAC with coverage at 250/500 level for each. Both Camaros cost about $750 a year with stated value under their Chrome coverage (no nitrous, no racing, under 7500 mi/yr, locked garage). History wise, we had no problems with ANPAC service to include an accident with one of the daily drivers that was 100% the other drivers fault. Since I'm over 50 and an AARP member, I took at look at the old guy rates through Hartford. I was surprised to find that the annual Hartford estimate for the three drivers was about 1/2 the annual ANPAC rate for the same coverage. However, the Camaro coverage’s were way, way higher and there were a lot more restrictions. So my plan was to move the daily drivers to Hartford and keep the two Camaros with ANPAC. No so fast. The ANPAC rules require you to have a daily driver on the policy to get their Chrome Class rate. They grandfathered me for my current policy term but the new term rates got my immediate attention. The premium for the two Camaros under the ANPAC policy went up to about $4K a year for exactly the same coverage I previously had for $750. The reason was that without a daily driver, ANPAC tags one of the Camaros as a daily driver and the rate skyrocketed. After many Q&A sessions with very helpful ANPAC and Hartford reps (as well as looking at the other classic car insurance companies) I ended up insuring two of the drivers with Hartford and one driver and the two Camaros with ANPAC. This may not be the ideal solution, but it was the best I could come up with. The overall result is (starting tomorrow) I have the same coverage as I previously had, the two Camaros went back to their old rate (~$750K/year for both - stated value) and it reduced my total annual premium for all five cars by about 45% over what I paid last year. FYI, the ANPAC stated value is defined as actual cash value, amount to repair or replace or amount shown on the declaration. I realize that stated value is not ideal for the Camaros but the ANPAC requirements more closely match how I really use them. Also, both policies cover all four drivers in the house so my son can drive the Camaros without worry (insurance ones anyway). Should something catastrophic happen to the Camaros, I know I’m in for a ride. But, I’ll go forward armed with photos (hundreds for each from day one) and receipts for everything (even the ones my wife doesn’t see) and hope for the best. Hope, of course, wasn’t a word I noticed in any of the policy language.
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