Insurance Survey

[ga.spyder]

I dont know Bruce...it might be a good look

[BEEK]

i made the opposite move. i was in flowery branch ga, my insurance doubled when we moved to fla. go figure

[vandor]

I have Hagerty aswell, $11k agreed value, max 3000 miles per year, ~$120/year.

[4uall]

Just ran the numbers again with Haggerty Canada. With agreed value $10,000 and $1m liability and $1m Underinsured motorist coverage, $100 deductible on collision and comprehensive - premium is $194 per year.

I am going to look into this. I am with Co-operators and had an appraisal done last fall (prior to all the work & upgrades) and it came in @ $6000. I pay 40.85/mnth (while driving)

[courtenay]

Jay,
The Haggerty quote only covers collision and comprehensive. In BC, we have to buy our basic liability coverage from the Provincial Insurance Company, ICBC. The annual premium for that (without Collector status) is about $500. So the total for both basic and Haggerty is about $700, or slightly more than your monthly cost.
Bruce

[4uall]

whew I confirmed that mine is $606 with $2 million liability and $500 deductible for collision & $300 deductible for comprehensive

so in 9 more years I will pay more than my car is worth? WTF

[RRoller123]

Your liability is pretty high though. That is probably a lot of the premium right there.

[4uall]

hmmmmmmmm so I should lower then hmmmmmmmmmmmmmm

[RRoller123]

Not necessarily. Just my thought, obviously do whatever risk you want to assume.

[4uall]

once i get the machine guns and rockets installed, then I will up the liability

[RRoller123]

like this fellow at Cruise Night?

[courtenay]

I now have a policy with Hagerty (Canada) which gives me agreed value coverage of $10,000 for collision and comprehensive with $100 deductible as well as $1,000,000 third party liability. Cost is $154 per year.
I have arranged for 6 months coverage through our BC Government Insurance Company (ICBC), which is compulsory here, for an additional $1,000,000 third party liability, but no collision or comprehensive. Cost is $600 per year.
I have applied for Collector Status through ICBC and if my application is successful, the $600 annual cost would be reduced to $!40.
Interestingly, my initial application for Collector Status was rejected because a small piece of window molding had popped out and appeared defective in one of the pictures and because the paint on my fuel door had faded. I've fixed the molding problem and am waiting for a can of touch up paint to fix the fuel door problem. I can resubmit pictures once I have these things taken care of and should get the Collector Plates for the car. Result will be a total annual cost of insurance of about $300 per year - for $2,000,000 Third Party Liability, $10,000 agreed value for Collision and Comprehensive with a $100 deductible. There are no mileage restrictions on the car. The only requirement from both ICBC and Hagerty is that the vehicle cannot be a daily driver and you must be able to prove you have another vehicle licensed and insured.

[narfire]

Bruce, that sounds like a great deal compared to a yearly rate with ICBC. I can't qualify for collector but will look into the Hagarty program.
I've had a few issues with my truck being stolen a few years ago(damb it they recovered it as well) and ICBC was great, however I'm concerned about the valuation on my car, I have a number in my head and I'm sure they would use a dart board or something to determine the value so I think Hagarty would be a better bet.

[courtenay]

Chris,
Hagerty was great to deal with. I made the application on line, including sending them pictures of the car. They also wanted proof of insurance on our primary vehicle. There was not discussion surrounding my valuation of the car at $10,000.
Bruce

[Jimb]

I believe collector plates does not restrict you from using it as a daily driver. The only restriction is you can not use it if you drive to work. Although, as you say you must have one other vehicle registered as non-collector as well.
Jim