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I really don't know if this is going to be news to anyone here or not, but I thought I might as well offer it up, even if it's only going to be of benefit to one member. I suspect that those of you that have both "antique" and retro-birds have already explored this issue, so forgive me.
I've always thought of my PCR as being a collector car, but I never really associated that with the idea of securing collector car insurance for my retro-bird. So I recently looked into it with a number of the well known collector car insurance companies, to include Hagerty. Well, I was surprised to learn that going the collector car insurance route was dramatically less expensive than the standard insurance policy that I have with Allstate.
Hagerty classified the PCR as an exotic category car and offered me the same levels of coverage (liability, medical, uninsured motorist, collision, and comprehensive, etc.) across the board, and furthermore offered zero deductibles in the applicable categories, plus roadside assistance for the life of the policy, and no real mileage limit (although I had to declare an annual estimate that they will not hold me to). Now, I don't know if I was afforded this opportunity because I have one of the special edition retro-birds, or if they'd cover each and every retro-bird.
Most importantly, we settled on agreed value coverage, not the typical book value, so my PCR's value remains the same throughout, or I can ask to increase it. All this for about $400 less than my existing Allstate premium. Keep in mind that I don't use the car as a daily driver and only put about 5K on per year.
The process was very convenient; just a couple of minutes on the phone with Hagerty, online completion of an application, uploading of just one photo, a signature and a scan, followed by an email, and I was covered within about two hours. They even emailed me my new insurance card.
So, for those of you that haven't explored the option, I think it's well worth a little research. Hope this helps someone.
I've always thought of my PCR as being a collector car, but I never really associated that with the idea of securing collector car insurance for my retro-bird. So I recently looked into it with a number of the well known collector car insurance companies, to include Hagerty. Well, I was surprised to learn that going the collector car insurance route was dramatically less expensive than the standard insurance policy that I have with Allstate.
Hagerty classified the PCR as an exotic category car and offered me the same levels of coverage (liability, medical, uninsured motorist, collision, and comprehensive, etc.) across the board, and furthermore offered zero deductibles in the applicable categories, plus roadside assistance for the life of the policy, and no real mileage limit (although I had to declare an annual estimate that they will not hold me to). Now, I don't know if I was afforded this opportunity because I have one of the special edition retro-birds, or if they'd cover each and every retro-bird.
Most importantly, we settled on agreed value coverage, not the typical book value, so my PCR's value remains the same throughout, or I can ask to increase it. All this for about $400 less than my existing Allstate premium. Keep in mind that I don't use the car as a daily driver and only put about 5K on per year.
The process was very convenient; just a couple of minutes on the phone with Hagerty, online completion of an application, uploading of just one photo, a signature and a scan, followed by an email, and I was covered within about two hours. They even emailed me my new insurance card.
So, for those of you that haven't explored the option, I think it's well worth a little research. Hope this helps someone.
My Current ride is a 2011 SRT Challenger
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