Full Insurance Coverage On '86?

[Subarule]

I want to get my '86 GL wagon fully covered. Right now it's covered for the basic, which is the law here. Does anyone else have full (comprehensive) coverage on a 1980's model? Is it even possible to get?

 

And if so, what company should I be talking to about this?

 

Thanks for any help.

 

 

P. S. I'm not looking for reasons why I should not do this.

[subarubrat]

Yes, there are several options like Haggarty that specialize in collector cars. I called my company (Erie) and they had an "agreed upon value" policy so if anything happens I get paid that sum Vs the book price of an 82 Brat. Your company may have such a plan as well.

 

-Edit: I should also mention that companies like Haggarty may have conditions that might not work for you, they require a non-collector car for every driver in the household, and don't allow it to be a commuter use car. I found it was better doing the agreed upon value through my existing company.

Edited March 31, 2016 by subarubrat

[idosubaru]

as he suggested - don't sign up for insurance without asking/discussing it.  

you'll want a company that will work with you on replacement value....and apparently usage as he suggested. 

[Twitch de la Brat]

I have full coverage on my 86' XT Turbo and Progressive didn't ask twice about it.

I have a $0 glass deductible (because a new windshield is about $500) and so far they've covered everything I've asked for.

 

Twitch

[scoobiedubie]

The car is frequently totalled, prior to taking it in to have a mechanic work on it.  For instance, the value after when you just got a new clutch with new front wheel bearings, minus the cost of repairs, is less than zero.  Just sayin.

[bratman2]

I have collectable insurance on my 87 Brat with Farm Bureau. Agreed upon value of $8500.00. Has collision and comprehensive. Only cost maybe $30.00 more per 6 months. My agent took pictures of it and sent in to their head office and it was approved. Also I was able to show that I only drive it around 3.5k miles a year.

[Subarule]

I got it taken care of. I used The Hartford, which has both my house and both cars. I got everything for the Sube, other than road service. Costs me $11 more a month. However, they will only pay out original value of the car, less depreciation. How the figure depreciation is a mystery, even to the agent I worked with.

 

I may have to look into "collectible" insurance with another company, just to be safe Can you have two policies on one car?

[subarubrat]

I can only imagine the nightmare of them fighting over who doesn't have to pay if you had two. I would get Haggerty or one of the other collector policies in your case, so long as you don't commute in it.

[nipper]

I am about to enter the world of collectors car insurance on the Justy. They all require that its not a daily driver. Some have mileage limits (but really they dont check). I checked myself and the highest mileage year was Sandy and I put 3800 miles on it, so it can pay. It covers replacement value, spares, etc. 

Edited April 2, 2016 by nipper

[nipper]

Classic Insurance is not meant for DD. There are better companies then Haggerty for it, but still restrictive

 

[GeneralDisorder]

There are collectible insurance providers that will cover it for whatever you tell them the value is. But they all require that the car be garaged and proof of same (pictures of the car in the garage, etc) and that it NOT be a daily driver. Read between the lines here - that means you need another vehicle that IS your daily driver. Otherwise you don't qualify.

In all cases, even agreed upon values, etc..... if the car is in an accident that consists of more than a bird pooping on it, the vehicle will be totaled FOR SURE. Because the *actual* value of an EA82 in the current market is basically scrap metal value. And actual replacement value is very low even on very nice condition vehicles because the nicest EA82 out there isn't going to command much more than $1500 to $2500.... which is basically nothing in the scheme of classic car values. That's the value of a mostly clapped out 20 year old farm truck. 

Not to mention - if it does get wrecked - repair to significant structural uni-body damage is nigh impossible. Parts can't be sourced, and they are never the same after the uni-body gets tweaked. Unfortunately the reality of uni-body cars in general. Once they are damaged or rusted they are essentially throw away items as they are all spot welded together from sheet metal that folds up like wet tissue paper in an accident. 

GD

Edited June 28, 2020 by GeneralDisorder

[idosubaru]

10 hours ago, AlexWill said:

I had collision and comprehensive insurance with Hagerty on my 89 Ford Taurus for two years, but it didn't really work for me because of the usage restrictions. I didn't last long because I sold the car and I got an 87 Ford Escort and now I don't want to do the same mistakes. I want this to be my daily driver and I have yet to find an insurance company that will 

 

Classic insurance and antique plates typically require that the car isn’t a daily driver. Otherwise, I’d get them.

Bare with me, this is good to know as an option for covering certain events:

My boss at my first internship had a very basic old VW rabbit that he said was worthless, but he had rebuilt all the mechanicals himself. It was wrecked and it was the other persons fault.  Of course it was going to be totaled.  He told the insurance adjuster that he wanted the car fixed no matter what, otherwise he looses all of his time and investment.  They balked and said it was impossible but he kept insisting and they eventually did it.  He also didn’t sue them so that was in his favor - almost a “fix my car and I won’t get a lawyer” deal by only implying that, without saying it.  

15 years later a lady runs a red light and I plow her with my xt6.  Her insurance was going to total it.  needed a bumper, fender, headlight. Not a hard fix.  I followed my bosses approach from 15 years ago. I met the adjuster in person and explained everything I did and why I was keeping this car. I was clear I wanted it fixed and preferred to avoid a salvage title because otherwise I’d have to go through the entire rebuild and inspection process, a waste of my time for something that wasn’t my fault.  

He wrote up repairs for just under the total value and then found ways to compensate additional amounts that didn’t apply to the total value (or, that’s what he said he did).  Either way - he cut a very acceptable check, no lawyers needed (always a goal of mine to avoid them if possible).  

Anyway, thats an option to keep in mind that I’ve seen happen twice to cover repairable accidents of older cars that would have easily been totaled. It’ll only work if you have leverage of it being the other persons fault and the particular company and adjuster is willing.  

[Subarule]

Thank you very much for the info and taking the time to go into it.