Classic Car Insurance for those that drive regularly???

[72freak]

Originally Posted by 60sIron

I've had State Farm for 40 years. I do a "stated value" policy on my classic's when I used them for daily drivers. I have a fairly good, honest relationship with my agent. She tells me to be prepared to back up your stated value, though a couple of sources. The best but not nesseary an appraisal. Have receipts and pictures. Be honest with the value. I've never had a claim on any of my stated value policies. But if I did I don't think I would've had a problem. I stated values less than actual and the value would've been very easy to back up. But at the same time not lose my butt.......
With most true classic car policies, no only is there mileage limits, but use restrictions......... Read the fine print...... I'd hate to try to collect on a policy for your limited mileage collector car when it's stolen for where you work.......

Stated value and agreed value are two completely different things. Stated means very little at corporate. My state Farm use to do it but they don't anymore in our state. 20 years ago when I wrecked one I had a stated policy with receipts. They still refused to pay and I had to get an attorney involved. Check with your local State Farm to see if it ss offered in your state but ask for agreed value. All of the companies have fine print when it comes to daily drivers so read the policies carefully. Also..BEWARE of Hagertys. They are crooks! Some of the companies listed above to have to daily driver options but there is still fine print.