Steve,
I think you've brought up a good point that's normally not mentioned in the
insurance cost discussion....location. I normally insure my cars in
Vermont..a very low population and low auto risk state. I recently was going
to
register and insure a car in Florida. The premium is 80% higher in Florida
for the same State Farm policy. Get into a place like Boston and it would
probably be another 80% over the Florida price. In other words, in our
premium discussions we aren't always comparing apples to apples.
Mark L
In a message dated 3/27/2010 10:42:36 P.M. Eastern Daylight Time,
slaifman@socal.rr.com writes:
I sent this information, perhaps with the wrong list address, and
certainly without the descriptive title.
So, here it is, again.
Tigers,
I just went to Hagerty's site <http://www.hagerty.com/> and asked for a
quote for "Stated Value" $50,000 for my '65 Mk I and $25,000 for my 2005
Thunderbird.
They rejected the T-Bird because it wasn't old enough.
They did quote on the Tiger, including the 2nd level (one-up) Towing :
50-Mile Plan
Pays for the first 50 miles of emergency flatbed towing OR the first
$100 of other roadside services like fuel delivery, battery jumps and
lockout service. This plan covers up to three incidents per year for
your collector vehicles or trailers towing your collector vehicles.
For information on additional membership options please call 800-922-4050
The Vehicle is Described as 1965 Sunbeam Tiger Mk I, Type: Antique,
Agreed Value: $50,000 (NO, that is not an offer to sell! :-)
These nomenclatures are standard breakouts for policy pricing. See you
current policy for comparison.
BI $100,000 pp, $300,000 per accident
PD Medical $1,000
PP Per Accident $1,000
BI Uninsured Motorist $100,000
Damage to Auto
Collision ($0 Deductible)
Other than Collision $0 Deductible
Limited Earthquake Policy (Aggregate) $50,000
Spare Parts - $750 Total limit.
Good driver discount. Mature Operator Accident Prevention Course
Discount, Licensed more than 10 years Discounts, Garaged car - Applied.
Bottom Line (includes Hagerty Plus Membership @ $40):
|=========|
|---- $574 ----|
|=========|
Remember, this is for the car stated, about 10,000 miles/year (actually
a LOT lower) and Los Angeles, California address. Your rates may vary
by location and Stated Value.
I picked the stated value, and they priced it accordingly. They did not
specify THEIR choice of repair facility, or mechanic/body shop rates,
requirement to use certain parts suppliers, used parts, or mandates on
quality of workmanship. Don't know what "fine print" might say, but
these things have been worrisome limitations by some insurance adjusters.
I don't know about you, but this is a better deal than AAA with 3 cars,
providing, of course, they do not give you much hassle on a claim.
I believe that they make different policies (or none insured) with
Performance Additions for power enhancement, nor how they feel about
Factory Offered equipment like the LAT catalog. You got a 427 CID in
there?
Hope this is of some help in ball-parking the issue.
Steve Laifman
<TigersUnited.com <http://www.tigersunited.com>>
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