Hello all. I need a bit of advice. I'm about to close a deal on a 1915 (and yes it's a true 1915) touring and I need to purchase insurance for it. Do you have any input or advice as to which is the best way or company to go with. I have AAA for my regular cars, and Home. The purchase price is $14,500. Thanks, Jerry
Jerry, I went with AAA because of the benefits they have when you insure all your cars with them. Also I drive my T quite a bit so I want the same coverage on all my cars.
Most folks like Hagerty. I certainly do!
Hagerty just unveiled a new rider where, in the event of a total loss, you get both the check for the agreed value AND the vehicle itself (i.e. they are giving you the salvage rights). I didn't know about it until I called to add my '39 Packard to the policy and they told me about it. A great thing for those of us who like to build / restore our own cars.
Hagerty, Grundy & American Collector are the three major companies that comes to mind.
Hagerty all the way
There's also J.C. Taylor, whom I've had very good luck with.
My State Farm Kansas for Model A liability only 26.18$ every 6 months.
Compare prices and read the policy carefully to make sure that you are getting what you expect. JC Taylor does not spend as much on advertising, and has lower rates than either Grundy or Hagerty. But if you read the policies, they are essentially identical.
Also, be sure that you can actually get coverage. I sent Grundy photos of one of my cars in primer, they refused to insure it because - according to the response that I got from them - it was a "parts car". So I insured it at JC Taylor for $50,000 agreed value instead, and saved a chunk of cash in the process. Yes, JC Taylor received the same photos.
You need to insure your car running or not for what it is worth if it is a total loss. Any reputable antique car insurance company will do that. JC Taylor has been in the antique car insurance business for longer than any other company, so they know what to expect and how to act.
Hagerty is the one I have used on several classic vehicles.
Thanks to all! Hagerty's it is! Jerry
Jerry, I have been insured with JC Taylor for 40 years. I have had two claims. No Problems at all.
The thing you have to ask yourself is, are you going to drive the car every day to work or just on club functions. I drive my 1911 T on quite a few tours and around my area quite a lot. Hope this helps.
I have been with Auto owners group insurance for 20+ years they have been in business for since 1916. I have 6 collector car policies and 2 newer cars and truck and life and homeowners through them. I have had claims but never collector car claims. When we had the major tornado come through Ringgold Georgia and they came immediately and paid no problems. So that's my story insurance. I feel like they have been in business for a hundred years because they take care of their claims. Rates are just average to other collector policies. Tim
I really only intend to drive it for ice cream, coffee and the occasional parade or short tour. But in a practical sense, seeing as Model Ts have no odometer, is it simply a matter of them taking your word on faith?
Hagerty. They also insure young Model T drivers too; not all do that!
Hagerty. They are more flexible with usage.
I have JC Taylor, but the folks at AAA tell me they have a connection with another company , l forget if it is hagerty or Grundy or who.
Hagerty understands old vehicles and has excellent options depending on how you use your Model T.
A friend of mine got his T totaled and Hagerty settled with him and he was happy.
Some weeks later Hagerty called him to have a meeting about the whole thing because they had found out his car was worth a bunch more than the agreed value,etc.
They had two guys who had checked the car out some months before the accident and were happy to be there to give their opinion on the value of the car.
Anyway, he ended up getting more for the car and I believe quite a bit more for his wife's injuries. It added up to several thousand dollars more.
He was very happy with Hagerty.
I intend to switch over to Hagerty when my JC policy runs out.
Hate to say anything negative about anyone but a good friend recently suffered some flood damage on his car and was unfortunately insured with triple A. I keep telling people it's not about price- it's about service and you won't get that answer until you have a claim. Listen to the folks on the forum for that kind of info and forget trying to save a few bucks! (you might save some anyway, but the headaches and heartburn you'll save later will pay you back ten-fold!)
I have had JC Taylor for over 40 years and my father had his collection insured with JC Taylor starting around 1950. They are the oldest and the least expensive of the majors. This is accomplished by conservative advertising, keeping overhead down. They don't need to splash photos of their exotic and fancy cars in their advertising ,(that customers pay for in premiums). They are a low overhead small and very personal service company.
All collector car insurers pay quick claims and are very fair. There is a very good reason for that, their claims are quite low due to limited driving and the overall condition of customers cars.
They are all under scrutiny because they do not have lots of claims and they retain most of the premium. The Government is always watching over their shoulder to make sure the claims payout ratio is in order.