View Full Version : Who Insures Cars 20+ Years Old?

07-14-2009, 06:53 AM
Hi Everyone,

My other cars are insured through Bel Air Direct, but they won't insure a car over 19 years old (1989 325is). RBC will, and so will Powell Insurance Brokers which is affiliated with Bel Air. Both of them want $1200/year for basic coverage. I pay that for both of my other cars, and one is insured for business use!

Any advice/contacts/recommendations would be appreciated.

I did see a thread on this a while ago, but I couldn't find it when I searched this morning...



07-14-2009, 07:29 AM
I'm with TD insurance and I'm paying around a grand for basic liability. The only other thing I could suggest is "historic vehicle."

07-14-2009, 07:42 AM

07-14-2009, 08:38 AM

07-14-2009, 09:57 AM
I'm with ING (now called Intact or something).... they insure my '85

328i Cab
07-14-2009, 01:04 PM
With State Farm, they will do full coverage, TD said they would with an appraisal too

07-15-2009, 01:26 AM
S f

07-15-2009, 03:09 AM
ok. wait. you're paying 1200$ a year for insurance on a bmw, and you think that's high?

My insurance when i was 18 was 9600$ a year. so my mom got a nice christmas present.

07-15-2009, 09:49 AM
Aviva/traders - ask for gord!!!!

07-15-2009, 09:50 AM
Aviva/traders - ask for gord!!!!

1991 318is and 1993 325is plus my house insurance - less the $200 a month!!!!!

07-15-2009, 09:57 AM
I'd say 1200 is high for someone over 25 without a history. God I miss paying 380$ a year in northern Quebec.

07-15-2009, 12:16 PM
Propr'one-I do think that's high, I am 36, drive about 50, 000 km a year, 1 ticket in 10 years, no accidents for 15 years...the car is a bmw but has been appraised at $500-if it gets stolen or destroyed in an accident within the first 5 months I'm ahead, after that, they're making 100 bones a month off me...lol

07-15-2009, 12:22 PM
the biggest part of insurance coverage is liability, not damage to your own vehicle.

(and the biggest part of liability is killing/hurting someone, not damaging a car)

07-15-2009, 01:44 PM
^ truth. insurance coverage and rates are almost PURELY about liability risk. Which is why a young / ticketed driver with bad / no record driving a fast car will always pay high rates. Has nothing to do with the car at that point.

Of course, some cars are safer than others, and statistically some get in more accidents. They have a myriad of stats on this, which is how they calc rates.

07-15-2009, 01:55 PM
Want to talk about liability costs? When I was in Quebec you get charged the liability through the government as part of your registration costs... to register your car, and pay the liability (1,000,000) it was about 180$ a year. Plus my hefty 380$ a year to the insurance company.

LOL T.O. is just a huge rip-off place to live, I like to visit there, for a day or so; but I'd never live there.

By the way I pay 84$ a month here in St. Kitts... and I think I'm still getting ripped off.

07-15-2009, 02:23 PM
I was paying $140/month for my impala while my bmw was under suspension when it was stored.
I put it back on this summer and it jumped to $340.00 with belair. And trust me it was no easy feat when I tried to insure the bmw 3 years ago with them. Took ohh, about a month and a half to get it insured.

07-15-2009, 02:28 PM
the QC insurance program is highly subsidized and under serious scrutiny at the moment. Ask any sport bike rider how he feels about gov run insurance this year. :o Poor buggers.

07-16-2009, 07:40 PM
I live in quebec and use Bel-Air direct, they insured my older car which was an 88 for 35$ a month...with CAA

when i go back to toronto for the summer i enjoy my modest price...hehehe =) insurance companies r just assholes PERIOD.

07-16-2009, 07:43 PM
by the way --everlast--, u car looks amazinggggggggggg, i hope i see you on the street when i get my babies safety after i fix the goddamn handbrake cable arghhhh

07-16-2009, 08:32 PM
im 22 and pay 112 a month for one way coverage with state farm, 1 speeding ticket. oh this is on a e36 325 tho. but try state farm my old vw's used to be on state farm also and i paid pocket change for my coverage

07-16-2009, 09:43 PM
how come you people pay so little for insurance, i drive for 10 years and still pay $200 for basic coverage with td

07-16-2009, 10:50 PM
how come you people pay so little for insurance, i drive for 10 years and still pay $200 for basic coverage with td

What's your record like?

07-16-2009, 10:56 PM
3 tickets, but no points lost, but still even with clean record i will pay like $150 for 20 years old car, cant freakin beleive it, everybody pay 100 or less

07-16-2009, 11:46 PM
i think area that you live in is a big thing also, im in winona hamilton area. so its pretty cheap here. .school is like 15k drive, and they think thats all the driving i do really.

07-17-2009, 12:12 AM
next time they ask you how much youll be driving daily, say weekends only for pleasure, loooool =)

07-17-2009, 12:52 AM
no difference in price for less km driven, only way to save on insurance is not to pay for it

07-17-2009, 01:38 PM
anyone else hear that premiums are going to go up by as much as 17%? sounds awesome!