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Studebaker Insurance Opinion

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  • 1952stude
    replied
    I to have State Farm on my 1960 Lark And cost me $51.00 for 6 Months.

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  • Silverplate
    replied
    I have had HEACOCK CLASSIC for several years and find them outstanding.

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  • tbirdtbird
    replied
    I have been with Hagerty for years. I have never heard of a mileage limit with them. (JC Taylor, yes) Their agreed value does not require an appraisal. Many of their employees have grad from McPherson College in KS where there is a multi-track 4 yr program in antique car resto. Meaning there is a hands-on track and a communications track, which is the one the agents take. They are therefore very knowledgeable. They sponsored a 'Teach a teen to drive a stick' day here in Dallas last spring and those of us that brought our antique stick cars were treated like royalty. You should at least check them out. None of the vintage ins co. want you to use your Stude as your daily driver

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  • Pat Dilling
    replied
    I have mine with Grundy. The policy is agreed value, I set what the value is. I based mine on what I estimate it would cost to replace it, not what one like it is selling for. For one thing, there are no others like it. There are similar customs, but every one is different in some way. I had to send them some pictures, they do require that I have another car as my primary transportation and I am not supposed to use it to drive to work, shopping etc. The policy includes coverage for spare parts up to $1000. They obviously expect me to drive it, no mileage restrictions and it does include trip interruption coverage in the event of accident or mechanical break down. Grundy was recently purchased by another company, but continues to operate as before. Premium is going to vary depending on value, location and driving record. Most classic car insurance companies also have parts location specialists whose primary job is to locate those hard to find parts needed for repair after an accident.

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  • Bob Bryant
    replied
    Hagerty has insured the 1963 Avanti R-1 since 2004. Guaranteed value of $16,000 and current annual premium of $169. They asked for a photo of the car at time of application. Fortunately, no claims. Whenever I have called the company I have received a courteous knowledgable response.

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  • studegary
    replied
    Originally posted by aj86 View Post
    Guess I need to call around
    You can get quotes and information from all of the major companies online.

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  • aj86
    replied
    Guess I need to call around

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  • studegary
    replied
    Originally posted by aj86 View Post
    How do you get an accurate value on a car like this tho? I have seen cars similar go for $8,000 to $24,000. For a car like this that is all original and with 33,000 original on it and in excellent shape. I would think it would be worth a decent amount. True??
    That depends on what you see as "decent". In the open market, IMO at $8K you would be doing great.
    Look at closed sales on eBay for 1947-1949 Studebaker Champion sedans.

    EDIT: I just did the eBay search. There was nothing that came close to your car that sold recently or even had bids. There were some extremely high opening bid levels that no one bid on.
    Last edited by studegary; 09-18-2012, 01:28 PM.

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  • 55 56 PREZ 4D
    replied
    Value guides are all a joke. They are a starting point only. Then reality sets in.
    Ebay "completed sales" is a show of what has actually sold and for how much.
    In the end it's a matter of your salesmanship, your showmanship, and finding someone who will pay your price.
    Ultimately the value is what someone is willing to pay.
    Those prices are if you are famous or your car has some unique history.

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  • aj86
    replied
    How do you get an accurate value on a car like this tho? I have seen cars similar go for $8,000 to $24,000. For a car like this that is all original and with 33,000 original on it and in excellent shape. I would think it would be worth a decent amount. True??

    Leave a comment:


  • njonkman
    replied
    A while back here were some problems reported with Hagerty. If you have only one daily driver and two members in your family with a drivers license they were canceling your collector car insurance. I suppose they were presuming one of the drivers was using a collector car as a daily driver and would not insure you.
    Nick

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  • Avantidon
    replied
    Joe

    Unless precluded by North Carolina, Hagerty's policy is unlimited mileage as long as you don't drive the vehicles to and from work on a daily basis. I had the same problem several years ago and I went to Hagerty with all of them for that reason. I have asked again and all of their literature tells you there is no mileage limitation. Hope that helps.

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  • studegary
    replied
    Originally posted by JRoberts View Post
    You are correct. That is why I am looking elsewhere.
    Or at least, or for the meantime, get a statement in writing, on their letterhead, verifying what you were told.

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  • JRoberts
    replied
    Originally posted by 55 56 PREZ 4D View Post
    JRoberts:
    It would be no problem, for them, as long as you never file a claim.
    It WOULD be a problem, FOR YOU, if you file a claim.
    The first thing they would do is ask for the mileage, THEN you're sc738ed.
    "THAT LADY" wouldn't know you or know what you're talking about.
    "What lady, we don' know no LADY ?"
    "What LADY you talking about ?"
    You are correct. That is why I am looking elsewhere.

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  • 55 56 PREZ 4D
    replied
    JRoberts:
    It would be no problem, for them, as long as you never file a claim.
    It WOULD be a problem, FOR YOU, if you file a claim.
    The first thing they would do is ask for the mileage, THEN you're sc738ed.
    "THAT LADY" wouldn't know you or know what you're talking about.
    "What lady, we don' know no LADY ?"
    "What LADY you talking about ?"

    Leave a comment:

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