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Thread: Insurance advice?

  1. #1
    Senior Member mercman86's Avatar
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    Insurance advice?

    My '66 Ranchero runs and drives like a dream. I spent a lot of time and money to make it drivable. However, its not pretty. Not too bad but not done yet. Anyway I called up my agent and set up a policy, sent him photos and warned him that the car does not look pretty. He assured me that it would be no problem and that he has insured cars that looked much worse. I pay him and all is good. Untill I get a bill a month later for 500 bucks for the same policy. OK, someone made a mistake. Call them up and after being put on hold several times, some wise guy comes on the line and told me that my original Antique policy was cancelled because they suspected that i was using the car as a daily driver and was trying to fradulently insure it as antique for the low rates. I reminded them that it was registered as an antique and it would be illeagle for me to do so. Also I still have my 2004 F-150 on my policy as my daily driver. On hold again..... "sorry the car doesnt have a show quality finish so it does not qualify as an antique." So it is insured for storage, but I cant drive it unless i call em up, tell them its on the road and i have to call immediently when it is placed in storage. ANyone else run into this BS or am i just out of luck untill i can afford to have it painted.

    Thanks in advance!
    Alex
    1966 Ford Ranchero 200 I6
    2004 Ford F-150
    2011 Ford Escape XLS
    2012 Ford Mustang

  2. #2
    Super Moderator MCHinson's Avatar
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    re: Insurance advice?

    You should contact J.C. Taylor, Grundy, or Hagerty Insurance. A quick google search should locate them for you. One of those should be able to take care of your insurance needs for a reasonable price.
    Matthew C. Hinson
    1954 Buick Special, 1984 Buick Riviera, 1989 Buick Riviera
    AACA Life Member, MAFCA, BCA

  3. #3

    re: Insurance advice?

    I experienced a similar issue when I went to insure my 52 Lincoln. The underwriters are scrutinizing everything. Add to the fact that all underwriters don't have the same knowledge or experience. Right now most major insurance companies are tightening up because claims have been paying out more than they take in in premiums. They have made a tremendous amount of money over the last several years because of their investments which have allowed them absorb the premium loss and post a significant profit. The loss of the investment revenue stream is going to result in increased premiums from all carriers on all types of insurance. The time is just around the corner.

    Call your agent and get him involved .He can request a review of the underwriters decision and if he is a large agency he carries some clout. If he says he cant do anything get another agent. Drop me a line if you need further help.

  4. #4
    Senior Member Jim Bollman's Avatar
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    re: Insurance advice?

    Go with one of the companies that specialize in antique car insurance like Taylor. I have been with Taylor and have insured some pretty ugly cars and trucks over the years.

    My 66.



    It's a 20 footer
    Jim...

    AACA Life Member #091218
    Wayne Drumlin Region AACA
    Crosley Automobile Club #204
    Antique Truck Club of America
    Early Ford V8 Club of America

    1949 Crosley StationWagon
    1951 Crosley FarmOroad
    1950 Ford F1 Stake Truck

  5. #5
    Senior Member msmazcol's Avatar
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    re: Insurance advice?

    State Farm does not have a clue when it comes to collector cars and the exposure they actually have. Their rates reflect that.
    Tri-State Insurance of Minnesota. Top notch collector car insurance, they handle our area, I'm near Chicago also
    A fraction of the price and they get IT.

  6. #6
    Senior Member mercman86's Avatar
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    re: Insurance advice?

    Thanks for all the imput guys. I have contacted my agent personally after dealing with the main office. Due to his rude comments and overall attitude of "who cares" i have contacted another state farm agent and I am waiting for her to contact me. The issue that really had me burned up was that they bluntly accused me of fraud. I know we are all in tough times but really, come on! Me and my family have been with state farm for over 50 years, me and my folks have been with the same agent for over 20 years and for them to have the nerve to accuse me of being dishonest has really got me thinking of leaving them permanantly. If the other agent is unable to insure it, JC taylor is my next stop. My boss uses them and from what i hear they are pretty good. But i will contact the others for a quote. Once again thank for the advice! Heres a picture, NOTE: I am NOT RESPONSIBLE for the spraypaint primer, the moron i bought her from did that, not me!!



    She'll look like just like Jim's when shes all painted up!
    Alex
    1966 Ford Ranchero 200 I6
    2004 Ford F-150
    2011 Ford Escape XLS
    2012 Ford Mustang

  7. #7
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    re: Insurance advice?

    Suck up the money you've paid in over the years, walk away from State Farm and never look back. There are too many insurers specializing in antique car insurance to put up with any company's or agent's crap when trying to insure an old car that is not being used as daily transportation.

    Make sure the original agent knows beyond any doubt why you are leaving State Farm (and his agency), and that you will tell friends, family, anyone who will listen, about their/his poor customer service. Any businessman knows word of mouth, either good or bad, is very effective advertising. When a 20-year customer walks away angry, that is not good for business.
    Glenn Williamson
    AACA Life Member
    Member of all major Olds clubs

  8. #8
    Senior Member mercman86's Avatar
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    re: Insurance advice?

    Couldn't agree with you more. However, If I cancelled the policy on my Ranchero, I would probably keep my other pickup, boat and camper with them just because i always have that horrible feeling of "what if?" and the fear of being dropped because of an accident or somthing. If the other state farm agent is able to insure my ranchero, i will probably switch to her agency for all my vehicles becuase i really cant say anything terrible about state farm itself, just that my agent is a total jerk and acts like his you-know-what doesent stink.
    Alex
    1966 Ford Ranchero 200 I6
    2004 Ford F-150
    2011 Ford Escape XLS
    2012 Ford Mustang

  9. #9

    re: Insurance advice?

    Are you on the north or south side of Chicago ?

  10. #10

    re: Insurance advice?

    Are you on the north or south side of Chicago ?

  11. #11
    Senior Member mercman86's Avatar
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    re: Insurance advice?

    South sububrs, I am located in Tinley Park near I-80.
    Alex
    1966 Ford Ranchero 200 I6
    2004 Ford F-150
    2011 Ford Escape XLS
    2012 Ford Mustang

  12. #12
    Senior Member msmazcol's Avatar
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    re: Insurance advice?

    Watch State Farm's rates on collector cars. They are nuts. I was able to put a higher agreed value on both of my cars. Got away from the calling every six months for driving and non driving nonsense and actually insured two vehicles for the price of one compared with State Farm.
    THEY DON"T GET IT. Or should I say they want your money!!
    Tri- State Insurance of Minnesota satisfied customer.
    Continental Western Group
    Ten Roundwind Rd. PO Box 500
    Luverne, MN 56156-0500
    1 800 533-0303
    ps. Mercman I'm 20 minutes from you

  13. #13
    Senior Member mercman86's Avatar
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    re: Insurance advice?

    Im gonna give J.C. Taylor and Tri-State a call. I bumped into an old shop teacher of mine the other day and he has his '48 Packard and '48 cadillac insured with Tri-state. I contacted another SF agent and they gave me the same answer "not painted nice, not an antique." Larry recomended a couple guys so ill probably call them to for the heck of it.
    Alex
    1966 Ford Ranchero 200 I6
    2004 Ford F-150
    2011 Ford Escape XLS
    2012 Ford Mustang

  14. #14
    Senior Member Packin31's Avatar
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    re: Insurance advice?

    Alex,

    You may want to also check with Country Companies/Financial we have all our cars, motorcycle and home owners covered by them. Have not had one problem with their coverage.
    Tom
    Woodridge, IL
    1931 Packard 833-468 Coupe
    AACA Member # 900049
    http://s153.photobucket.com/albums/s210/packin31/


  15. #15
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    re: Insurance advice?

    Originally Posted By: mercman86
    I contacted another SF agent and they gave me the same answer "not painted nice, not an antique."



    Wow. Wonder what they'd think of our July/August 07 cover car- the unrestored Oldsmobile Limited from the Swigart collection.

    But just because we are AACA members doesn't mean we know a damn thing about antique cars.

    To quote West regarding William Swigart in his Updraft of that issue:

    "I admire him for recognizing that the car's original condition was important enough to never lay a hand on it."

    I guess State Farm Mutual Insurance Company would see that car as a pile of junk and refuse to insure it. Anyone who owned and could see the intrinsic beauty of that car wouldn't be fooling with a mass-market insurance underwriter to insure it though, would they?
    Glenn Williamson
    AACA Life Member
    Member of all major Olds clubs

  16. #16
    Senior Member mercman86's Avatar
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    re: Insurance advice?

    Makes me wonder how many good looking, freshly painted cars that are actually painted up road hazard wrecks have "antique car" policies from state farm. People who actually take the time to make their cars safe and roadworthy, but the paint just looks cruddy or that they dont want to ruin an old cars natural potina are treated like scam artists.
    Alex
    1966 Ford Ranchero 200 I6
    2004 Ford F-150
    2011 Ford Escape XLS
    2012 Ford Mustang

  17. #17

    re: Insurance advice?

    One insures this one for a substantial sum. Someone at this company is getting lazy.
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    Last edited by Peter J.Heizmann; September 25th, 2009 at 22:15.

  18. #18
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    re: Insurance advice?

    had similar issue here with a general insurance company..seems not so long back they did a change in how and what they consider antique/classic and stated value etc. do go with a speciality insurance company as suggested...they also have requirement for any licensed driver in the household to have a prime auto for them too drive..two drivers, two daily diriver cars etc and so on...as for the guy who added a third car, two drivers in household, it is a risk question they must ask, but never have I seen them assume at the higher rate and bill you as such...I have 12 insured vehicles..never do I get that run around..
    Last edited by Peter J.Heizmann; September 25th, 2009 at 22:14.

  19. #19
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    re: Insurance advice?

    I have my 37 Chevy p/u and 55 Ford convertible insured as antiques with State farm but they would not insure my 65 country squire as a antique,the only reason I can come up with is the 65 does not have as nice of paint like the other two. It has a aged repaint from many years ago and is not beat up,I did have regular plates on it at the time and do have historical plates with YOM plates too so maybe I should try again.

  20. #20
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    re: Insurance advice?

    Does anyone have Haggerty? I have two cars tagged historic with State Farm along with an antique motorcycle. The bike costs me almost as much as all three would with Haggerty according to the online quote. They will also cover my other vehicles that are not on the road, parts and tools.

    I talked to one of their reps and he made all the right noises about occassional personal use, etc.

    Any feedback from Haggerty customers?

    Thanks

    Zimm

  21. #21
    Senior Member rbl2's Avatar
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    re: Insurance advice?

    I have Hagerty. I am very pleased with what it costs. I have yet to have to file a claim, fortunately, but did call them for wrecker service one time when I couldn't get a wrecker. They had one within 30 minutes of my call.
    Bill

    26 Chevy Roadster
    56 Buick
    35 Chevy 1/2 t pu
    VCCA & AACA

  22. #22
    Past AACA National President
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    re: Insurance advice?

    You'll never know if the company is any good or not until you have a claim. I've seen JC Taylor in action several times and they are my own personal choice for that reason.
    Terry
    -------
    Antique Automobile Club of America
    National President - 2010

  23. #23
    Senior Member Ron Green's Avatar
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    re: Insurance advice?

    I have Hagerty for a 55 Pontiac, Amphicar and 72 Corvette. I had Taylor for many years (zero claims), but they wouldn't insure an Amphicar or my Corvette. I believe they now finally insure Corvettes? Recently bought an electric car and neither Hagerty or Taylor will insure them (any brand, year, type, etc). I went to Grundy for that car which they insured, however Grundy won't insure an Amphicar. My opinion is:

    Grundy: seem to be the friendliest from any I've dealt with.

    Hagerty: overall they are ok but don't insure all antique vehicles.


    As Terry stated you really won't know until you have a claim.
    Last edited by Peter J.Heizmann; September 25th, 2009 at 22:12.
    Ron Green

    AACA Member #337715
    AACA Gettysburg Region Member
    Former President-International Amphicar Owners Club (IAOC)

  24. #24
    Senior Member Sweepspear's Avatar
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    re: Insurance advice?

    I have had my '70 Riviera insured with State Farm for several years.
    They didn't seem concerned at all about the car needing paint.I sent photos into my agent for his files.
    It also has MN Collector plates.

    I came across this thread while researching alternatives for coverage on this car.
    In talking with my agent recently, I am not feeling real confident about their idea of agreed value.




    Dale
    ROA #478

    1970 Riviera
    Gone but not forgottten Rivs. 1966, 1970, 1990, 1996.

  25. #25
    Senior Member msmazcol's Avatar
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    re: Insurance advice?

    Just curious why the agreed value scares you? We may value our stuff a bit low as compared to numbers you may see on a TV auction, but, we set it at a number we could live with in event of a total loss.
    Not once has TSI asked for a professional appraisal so we must be setting them about right.
    I'm more concerned about letting the insurance company decide what to cut the check for even if I overpaid THEM for years.
    Thanks

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