hey guys. anyone with a speedster use JC taylor insurance, if so does your speedster fall under the modified catagory or the antiquie/classic catagory? I have a stock speedster no ruckstell, no overhead no warford transmission just 100%stock and they want to charge me the modified car rate which is quite a bit more than the antique rate. Does this seem correct to you? I am just looking for feedback. Thanks.
Well it seems correct in that a speedster is indeed a modified car.
Go with American Collectors Insurance. My speedster, closer to stock than many purist's fancy brass cars, is fully insured for less than $75 per year.
I have 2 speedsters with JC Taylor and am very pleased with them. When I first went with them several years ago, I had discussions with several folks at JC Taylor about my speedsters. We talked back and forth and I even sent pictures. I stressed the point that they still had the basic 20hp engine, and every change on them was things that were available in that era. Even if you double the hp of a T, you still only have 40hp! They agreed that it was just a different "type" of T--i.e., touring, coupe, speedster, etc. and wasn't a "modified" car like "Cadzilla" or similar. I have 7 vehicles insured with them for under $500/year , total. I don't overvalue my cars, figuring that the liklyhood of them being a true total- total loss (nothing usable left) is real slim -- that keeps the cost down. I had 2 T's on a big trailer a couple of years ago when I tried to park near a tree. The limb ripped off the top of my T pickup and basically destroyed the cab. They had an adjuster look at it and, based on my insured amount, determined it to be a total loss. They asked me if I was interested in buying it back, and I told them yes. They got a couple of salvage bids, called me, I agreed to buy it, and they sent me a check for the agreed value less the $1,000 to buy it back. From wreck to check was less than two weeks! (The reason it costs as much as it does is 3 of my vehicles aren't real old (1987, 1980 & 1976) and newer ones cost twice much as the older vehicles. Good luck.
I have two speedsters listed with Taylors, one since 1975. One is a Frontenac and the other a Roof, both engines original to the era. These are not modified from an insurance viewpoint. If you want the straight scoop on Antique Auto Insurance, see the article in the latest issue of "Skinned Knuckles" magazine.
Thank you Fred, Mike and Seth for your input sounds like i need to press JC Taylor a bit more. I took about 6 pictures today of my car so I will send them off to them.