I have a few cars that might see 250 miles/year on the road if they're lucky. Wondering what the cheapest way to insure them, liability only, that hopefully acknowledges the greatly reduced likelihood of a claim for a car/truck that does so much sitting and so little driving.
(Generically speaking, I'm referring to cars in various states of "project", so by sitting, I mean "broken".)
Classic insurance? I have all three of my Triumphs along with my 2006 MINI insured that way. Cost for all four is less than $200 each per year. Triumphs by nature are projects... usually broken (like all three of them...). Of course the MINI is turning into a project as well, but at least I can drive it when I'm home...
Haggerty has been great to me and super reasonable. I've heard Grundy is also decent but no first hand experience.
I compared both Hagerty and Grundy for my collectible vehicles. Price was within a few bucks, so it really doesn't matter which you pick.
But, that was not the OP's question. Liability only, for a not-worth-much vehicle. No way to get an answer on that here, as rates will vary by location. You just have to shop around for quotes.
In reply to ddavidv :
That may be so, but I pay less for full coverage on my four "toy" cars combined than I do for liability alone for one of my vans on my normal policy.
USAA allows you to put vehicles into a storage rate. You're allotted something like 100 miles a year.
In reply to ddavidv :
I was about to the say the same: What works for someone in State X might not even be available in State Y.
I have collector car insurance on our cars, but many years ago I remember getting some kind of insurance for limited use via my agent–this was well before today’s offerings.
I’d start with my agent.
Thanks for replies. I figured "call your agent" would be best answer, but didn't know if there was some magic bullet.
We actually had USAA in the past and took advantage of the "storage" rates. Then I shopped rates and USAA was way higher than a couple of competing quotes I got, and basically shrugged when I asked if there was any room to try to match the quotes.
And I'm doubtful collectors car insurance is my answer, but who knows. My specific cars in question: 2018 Chevy 1500 WT with a failing transmission that gets used to take our trash to the trash collection site once a week (5 miles, round trip), a "track only" 330 E46 that I'd like to be able to "legally" shake down on my back roads occasionally, and our beater Impreza that's used when something is wrong with the wife's car, the dogs need to go to the vet, or in it's most recent use: when I have a track day paid for and mess up the car I'm planning to take the week before the track day!
I'll try to make a call today to my friendly local insurance agent and see what she's got for me!
In reply to Spearfishin :
Be very careful doing that. If your car is parked in your garage and there is a fire or other disaster, your homeowners insurance will not cover it. That would be a comprehensive claim, so make sure you get that at least.
I did something similar when my Civic's transmission took a dump, it was like 35 dollars a month with very little coverage. The insurance agent warned me not to drive it when I got the "storage" policy.
I just needed it because I got a nastygram from the state on not having insurance on the car while having plates and having it sit broken.
Duke said:In reply to Spearfishin :
Be very careful doing that. If your car is parked in your garage and there is a fire or other disaster, your homeowners insurance will not cover it. That would be a comprehensive claim, so make sure you get that at least.
I'm woefully underinsured in the case of catastrophic fire or hurricane or such...but couldn't afford to have the empire of junk that I've got if it were all adequately insured.
Just rolling the dice, crossing my fingers and moving on!
*Also, the notion of any of the above (aside from the track e46) ever being in a garage bay at my house is comical, haha.
In reply to Spearfishin :
OK, strike "in your garage" and insert "on your property". Any claims regarding vehicles are going against vehicle insurance, NOT homeowner's, regardless if the vehicle was parked right next to other stuff covered by your homeowner's insurance. If you don't have comprehensive you are SOL on that.
When you call an agent, make sure they're an independent and not just Jake from State Farm. They'll have ideas and access to companies you've never heard of. Also, if they're a problem, they work for you and not the insurance company.
Duke said:In reply to Spearfishin :
OK, strike "in your garage" and insert "on your property". Any claims regarding vehicles are going against vehicle insurance, NOT homeowner's, regardless if the vehicle was parked right next to other stuff covered by your homeowner's insurance. If you don't have comprehensive you are SOL on that.
No, I understand. And I don't disagree with what you're saying, but I've got $500 in the truck (bought from my employer when they decided not to replace transmission), cost of some wear items and fluid change in the Subaru (family member gave to us rather than deal with gen pop to sell a car for $1500) and I figure the track car is my biggest "risk" to the wallet if something happened. But, I accept that.
And Keith, yes, I learned that lesson trying to insure a short bus and an f550. Call the big companies and you just get a "sorry, no". Call friendly local agent and you end up with policies with two different companies, but both reasonably priced, and they didn't say "no".
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