Originally Posted by Coupedup
i just been through this with my 911 this week....if you call Lant insurance brokers....they have 2 types of insurance:
1) Silver wheel plan- car 20+ years old
2) Custom wheel plan- THIS IS THE ONE TO LOOK AT -new last year
All the details are on their website and just for the record nobody ever follows up with how many kms you ever drive- they say your car should only be used for "cars shows" guess what there is one every night of the week in GTA.....
The info I have on both of these plans is from 2007 (however both have been around longer, maybe revised last year? )
Silver wheel has 2 sub categories:
-Antique and Classic 25 yrs old +
-Special interest 15-24 yrs old
Custom wheel is for vehicles 15 yrs +
Both plans excluded regular transportation and require: an appraisal (current within 18 months), that you have another vehicle insured for your daily use, and have "10 years of continuous driving experience".
We recently picked up a contract with a company called Hagerty Insurance (Hagerty's bragging right is that they insure Jay Leno's fleet). They offer a very similar plan however their policy is on an agreed value basis so, no appraisal required, just 4 good photos. Garage storage is ideal, but not required. However, you still need 10 yrs driving experience and a regular use vehicle.
I ran a quick quote for a 73 Nova (value $10K) and in stock form it would be $210/yr. If modified, the rate jumps to $350/yr.
These special plans aren't your only option for a modified car. Depending on the modifications, I have regular insurance companies who will allow commute use but the premiums would reflect a standard policy.
FYI- Industry standard for specialty/limited use vehicles is 4000km annually. If you exceed that, they may recommend you place coverage with a standard insurance company.