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Old 05-14-2014, 12:57 AM   #1
danielbignal
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cheap insurance

I'm sure many of you members have those godly insurance quotes of 150-200 a YEAR, where and how do you get insurance like that?
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Old 05-14-2014, 07:29 AM   #2
richie_s999
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I pay $495 (tax in) a year for my 86 e30, that's with collision ($15,000 coverage) and them covering $8000 just for the motor set up, which has been fully disclosed what's in the car.

Would have been a lot less for a base e30 with no collision.

Hagarty insurance. Check them out
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Old 05-14-2014, 09:54 AM   #3
_JohnnyD_
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To get $100 to $200 anual insurance you need to quality for a collector or hobby car insurance policy. I just did this a few weeks ago.

There are a few basic requirements that you need to meet. Each company has their own spin on these...
- you must have another car with a policy for daily use
- car must be appraised for > $5000 (the higher the better)
- you must be 25 years old or older
- car can only be used to hobby purposes
- car must be stored in a secure location (don't know if underground parking applies)

Hagarty and Zehr's (broker for Hagarty) told me my car's milage was too high 350k kms regardless of the fact that it is restored and appraised at $15000. They wanted a very low mileage car or rare model (E30 M3). They pissed me off becasue they told me that AFTER I appraised the car with their person.

Lant didn't like my driving record. Failure to obey traffic sign ticket summer of 2013.

I was finally covered by www.vintageautoinsurance.ca which is a broker for Echelon. We have agreed value of $15000, all mods documented, unlimited mileage for $256 a year. They did not like the appraisal I already had but ultimately agreed to use it. I highly recommend them, ask for Lindsay, she hooked me up in 2hrs.

The only lesson learned was, make sure you use the appraiser recommended by the company that will actually cover you.
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Old 05-14-2014, 01:03 PM   #4
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Couple of friends had Hagarty and they were at the A&W cruise night in Lindsay, when it was over they drove over to the mall for dinner (next parking lot) and both cars were broken into and damaged...No coverage because the cars were left unattended...Make sure you read the fine print in the policy!
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Old 05-14-2014, 04:03 PM   #5
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Quote:
Originally Posted by _JohnnyD_ View Post
- you must be 25 years old or older
Depends on the company, but for Hagerty it's 26. I went to do a quote on the Hagerty website a month ago and it wouldn't give me a quote unless I put in an age 26 years or older, and I confirmed this when I called them to try and get a quote.
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Old 05-14-2014, 05:07 PM   #6
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How old does the car need to be?
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Old 05-14-2014, 07:35 PM   #7
_JohnnyD_
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Some companies have a "classic" car policy for cars that are 25 years old or older. These seem to be reserved for stock or unmodified cars.
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Old 05-14-2014, 10:39 PM   #8
richie_s999
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My car is also covered for anyone to drive that has had a full licence for 10 years

And no your not driving it ! :p
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Old 05-14-2014, 10:47 PM   #9
richie_s999
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Should also note, I have another vehicle as my primary driven vehicle.

I'm also 38 with a clean driving record, fully licenced for 22 years, had one claim in 22 years as well.

I remember being a new driver and paying $4000-$6000 a year for coverage. It sucks but it's the cost of being a new driver.

My regular insurance company would not cover my 86 e30, and one of the companies said it would cost $200 a month, you have to shop around
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Old 05-15-2014, 09:39 PM   #10
BmW1819
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i got hagerty for my e30 198$ for the year base model
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Old 05-15-2014, 09:42 PM   #11
richie_s999
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i got hagerty for my e30 198$ for the year base model
I thought about going with a lower collision value, as you pick the value, but way to much on my car not to have it fully covered
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Old 05-16-2014, 02:30 AM   #12
danielbignal
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does the daily driver policy have to be with them?
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Old 05-16-2014, 02:31 AM   #13
danielbignal
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im 19, live in the highest insurance rate zone, if i don't get classic car my quote is around 3600 a year
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Old 05-16-2014, 08:33 AM   #14
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im 19, live in the highest insurance rate zone, if i don't get classic car my quote is around 3600 a year
Sorry to say, but if you're 19 you simply cannot get classic car insurance, at least not that I'm aware of.
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Old 05-16-2014, 08:50 AM   #15
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I'm with RBC and live in Mississauga but use to live in brampton (dropped $7 when I moved)

I pay about $130 a month .. letting them know you have 2 different set of tires for the seasons and a alarm does bring it down a bit as well.
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