mustang insurance $$$$ - Vintage Mustang Forums

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post #1 of 43 (permalink) Old 02-20-2010, 10:16 AM Thread Starter
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Confused mustang insurance $$$$

1st of all. I want to say thanks to all for the answers that i get from everyone. I just got insurance on my new 1966 mustang and she told me for classic insurance is cheaper than normal type. How much should i be paying for this car with a perfect record. I went with the 22,000 pay out please let me know i pay 409.00 a year !! thanks guys Jon
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post #2 of 43 (permalink) Old 02-20-2010, 10:28 AM
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I use Grundy and for approximately the same agreed value I pay about $175 per year with unlimited mileage. Your quote seems kinda high but I'm in Texas and even my regular insurance is a fraction of what I paid in New Jersey.



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still unrestored and running fine!
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post #3 of 43 (permalink) Old 02-20-2010, 11:42 AM
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i have the hartford for the 65 /69 verts and allowed 5,000 miles a year each, i pay 250. per car a year and each one has a payoff of 30,000 i can go to 50,000 with an apprasil, just haven't...
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post #4 of 43 (permalink) Old 02-20-2010, 11:53 AM
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I like to drive my 68 Mustang coupe to work once in a while so I have it as a "pleasure vehicle" on my regular insurance policy at about $200/year. The only restriction is that its driven "less than 50% of the time". By contrast, my daily driver is a honda ridgeline pickup at $800/year and I'm a good driver with no at-fault accidents in the last 8 years. Also have an old Corvette on "antique" insurance at close to $300/year and a Toyota Supra on a special "modified vehicle" policy at about $200/year. Both have restrictions basically to/from an event. I wanted to drive my Mustang more than just weekends. I just hope I don't ever have to fight with insurance over the value. I think the only problem would be if its the other drivers fault and I have to fight with their insurance. I have Amica for decades now and my experience is that they are awesome. Its just a shame that Amica doesn't have special collector car insurance.

Phil
68 Mustang Coupe
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post #5 of 43 (permalink) Old 02-20-2010, 05:44 PM
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If it's intended as a pleasure use only vehicle, then you can go with a collector type policy from Hagerty, Grundy, Chubb, etc. Be sure you get an -agreed- value policy, not a "stated" value policy. With my Hagerty agreed policy, my car is valued at $25k, if it is a total loss, then I get a check for $25k. If it was a stated value policy, then the ins. co. would negotiate the depreciated value for the payout.

If you intend the car as a part time or daily driver, then put it on your regular policy, but be sure that the policy is an agreed value policy.

FWIW, my 71 Mach is insured for $25K through Hagerty, my cost is $250/yr
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post #6 of 43 (permalink) Old 02-20-2010, 06:43 PM
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I have Hagerty and they have declared a value of $27000. The premium for a year is $217.00. I have chosen the optional Hagerty Plus membership for an additional $40.00. This premium has been the same for the past three years.

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post #7 of 43 (permalink) Old 02-20-2010, 07:41 PM
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Seems a bit high to me. I have American Collectors two cars.
1ST agreed value 18,000 $165.50 yr
2nd agreed value 23,000 153.300 yr

Both have 5,000 miles limit

Jim,

MCA # 35023

64 1/2 Convertible, 65 GT Coupe, 66 Coupe (one owner) Red 67 Mustang JR, Red 66 Mustang JR



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post #8 of 43 (permalink) Old 02-21-2010, 06:23 PM
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I pay a little over $500 a year for Grundy, but I have three cars on that policy. I have the 68 vert at 30,000, The 95 Boss Shinoda at 15,000, and the 78 II at 8,000. all have no deductibles and no mileage limits.

(southern NJ) 68 acapulco blue convertible, and 95 opal frost pearl G/T BOSS edition convertible and 78 Mustang II last two belong to swmbo MCA#54225 http://pic90.picturetrail.com/VOL215.../179847757.jpg
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post #9 of 43 (permalink) Old 03-22-2010, 08:00 AM
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Quote:
Originally Posted by jgstang View Post
i have the hartford for the 65 /69 verts and allowed 5,000 miles a year each, i pay 250. per car a year and each one has a payoff of 30,000 i can go to 50,000 with an apprasil, just haven't...
I know some folks who’ve had their classics insured with Hartford too and are quite happy. I believe they also do “agreed value” and are pretty reliable. Check details @
http://hartfordauto.com/Information/...?PLCode=640018.
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post #10 of 43 (permalink) Old 03-22-2010, 03:53 PM
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My 66 is agreed value for $20,000 with American Modern for $182.
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post #11 of 43 (permalink) Old 03-22-2010, 04:25 PM
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How old are you? Unmarried male under 25? If so, you gotta pay. Most of the folks most likely have a mileage limited plan as they have another car they claim as there daily driver. Is this your only car?

66 Conv 289 4v 4 speed --- Born in San Jose
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post #12 of 43 (permalink) Old 03-23-2010, 10:51 PM
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Good info, thanks for sharing.


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post #13 of 43 (permalink) Old 04-04-2015, 06:08 PM
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Hi, I've got my 1966 in Meadowview Acres in Cool. Geico is not giving me a good rate. Should I contact your Hartford agent?

Thanks,
Steve
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post #14 of 43 (permalink) Old 04-04-2015, 08:39 PM
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Wow, I missed the boat. My 67 cost me $167/year to insure, but I only carry liability. I have never carried anything but liability in my 50 years of car ownership.
Do these expensive policies cover the other guy at fault?

Gary
67 Coupe
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post #15 of 43 (permalink) Old 04-05-2015, 07:30 PM
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Quote:
Originally Posted by jims6t6 View Post
Seems a bit high to me. I have American Collectors two cars.
1ST agreed value 18,000 $165.50 yr
2nd agreed value 23,000 153.300 yr

Both have 5,000 miles limit
Same here. Agreed value $ 26,000 for $ 200.00 per year.

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