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Hey all, I became very concerned after talking with my AAA agent today. Although nothing has happened to my car, recent acts of robery in my neighborhood has prompted me to ask, "What compensation do I get if something were to ever happen to my Camaro." His reply was that I would receive the blue book price of a Camaro SS with xxxx miles on it. After seeing how much the Brickyards have been going for at auctions, I DO NOT feel very good about this! In addition, AAA does not offer any additional coverage for special vehicles younger than 25yrs old. Therefore, does anybody have any auto insurers that they might recommend or let me know if AAA is not giving me the right information? Your help would be greatly appreciated! FYI, I live in Michigan.
-------------------- -Kevin
2002 35th Anniversary Camaro SS Convertible Official Brickyard 400 Pace Car #43 of 45 SLP Build #59 SLP Options: 35th Anniversary Package, Custom Car Cover
Other Cars: 1993 Black Camaro Z28 Neutral Cloth Interior, M6, Coupe, K&N TurboFilter, 160 Thermo, Fan Override, Borla Performance Exhaust, SLP Ceramic Coat Headers, K&N Shifter Posts: 135 | From: Michigan, U.S.A. | Registered: May 2000
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Kevin, some people had good luck having Grundy insure their newer classic Camaros. Hagerty insurance will not insure this new of a car. I tried. I have not yet actually got classic car insurance for my Brickyard. State Farm just recently had to see the car since it was stored for 6 month of the year and wanted to make sure it was wrecked and rebuilt. They took pictures of it but I bet it is still valued as a normal SS.
Posts: 5682 | From: Dearborn,Mi. | Registered: Feb 2002
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There are a number of companies that sell insurance to owners of "Specialty" cars. Grundies (sp?) is one that comes to mind. You can insure the car to a specified value and the rates will depend on what amount of coverage you want and your anticipated usage. If you drive the car daily, live in a high crime area, etc, the rates could be pretty high. If the car is for occasional pleasure use or for car shows, the rates are downright cheap.
The primary drawback to this type of insurance is that the specified amount on the policy is limit of the insurer's exposure. It depends on how the policy is written. This becomes particulary relevant for owners of very high dollar value collector cars like rare Ferrari's, Bugatti's, and other extremely rare cars.
Try a google or yahoo search on specialty car insurers and I'm sure you'll turn something up. Just make sure to very clearly spell out what you want and make sure it is documented in the policy.
Good luck.
-------------------- Back Home Where She Belongs... 2001 SS #3122 M01-3122 Sunset Orange Metallic / Ebony Leather M6, All GM Options SLP Options:Bilstein, Dual-Dual, Chrome 10 Spokes, SS Grille, Mats, Key Fobs, Dash Plaque, Car Cover Posts: 214 | From: Pepperell MA USA | Registered: Jan 2001
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Yet another vote for Grundy's. Both of our SS's are insured through them. Both have a guaranteed value of $25,000 each. No mileage limitations. Pay a total of $730 per year to insure them both.
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2000 Arctic White #0740, Ebony leather,M6,t-tops,ASR,smooth bellows,airlid,Borla 3" exhaust,Momo wheels,tint,BMR STB,corvette FRC's, Bilsteins,G2 Super Springs Posts: 290 | From: Utah | Registered: Mar 2003
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Thanks guys. I just got off the phone with Hagerty and they agree to insure the vehicle to $55,000 (probably too much, even though #2 went for this much on Barlett Jackson) for $1335/mo! This is better than my AAA rate even when you take into account that my vehicle is stored 6mo/yr. I'll try Grundy's for a competative quote.
-------------------- -Kevin
2002 35th Anniversary Camaro SS Convertible Official Brickyard 400 Pace Car #43 of 45 SLP Build #59 SLP Options: 35th Anniversary Package, Custom Car Cover
Other Cars: 1993 Black Camaro Z28 Neutral Cloth Interior, M6, Coupe, K&N TurboFilter, 160 Thermo, Fan Override, Borla Performance Exhaust, SLP Ceramic Coat Headers, K&N Shifter Posts: 135 | From: Michigan, U.S.A. | Registered: May 2000
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quote:Originally posted by lrdvadr: I am the original owner of Brickyard #2. I still own the vehicle. The one sold at auction must have been a different number.
Kevin meant VIN #2 which was the t-top, 6 speed Brickyard 400 but was never was officially numbered by Howard as a Brickyard 400 Festival Car.
quote:Originally posted by 2002Z4CSS: . . . some people had good luck having Grundy insure their newer classic Camaros. Hagerty insurance will not insure this new of a car. I tried. . . .
Hmmmm, exact opposite experience for me.
Grundy was rude and insulting when I tried to insure my brand new Berger . . .
I currently have ANPAC on and am a little concerned/dissappointed, since they keep changing the coverage, and have a HUGE deductable - $3,000!!!!
I have been working with Haggerty, on both my Berger and 2000 SS both with a FIXED agreed value insurance. Berger covered for $65,000 and the Convert, covered for $35,000 (probably too little but better than BB). Preliminary quote was just under $2,000 annually, no deductable on the Berger and a small deductable on the Convert.
Big name Insurance Co's Farmer's, State Farm and the like will not provide aggreed value insurance on a car until it reachers 10 years of age. (So two agents have told me)
-------------------- My Cars: 2000 Bright Rally Red Camaro SS Convertible 2002 Electron Metallic Blue Berger SS T-Top 2004 Silver Birch Metallic Silverado 2500HD Duramax Ext. Cab. S.B. 4x4
posted
K....now I have a question. Do you think that I should put the guaranteed value higher than $25,000? After looking at the guaranteed values that you guys have, now I'm questioning it. They are just SS's, not Berger's or anything, a 2000 and 2002...just wondering what your opinions are.
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2000 Arctic White #0740, Ebony leather,M6,t-tops,ASR,smooth bellows,airlid,Borla 3" exhaust,Momo wheels,tint,BMR STB,corvette FRC's, Bilsteins,G2 Super Springs Posts: 290 | From: Utah | Registered: Mar 2003
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quote:Originally posted by CamaroSSgal: K....now I have a question. Do you think that I should put the guaranteed value higher than $25,000? After looking at the guaranteed values that you guys have, now I'm questioning it. They are just SS's, not Berger's or anything, a 2000 and 2002...just wondering what your opinions are.
I look at "How much to replace the car" when I determined the value on my 2000 SS, meaning how much to buy a used SS, and get most if not all my mods redone. And at $35,000, I think I guessed low, but that's A LOT better than blue book value . . . . Hard to put a price on something you love.
Posts: 608 | From: Schaumburg, IL | Registered: Sep 2000
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quote:Originally posted by 35thLEBrickyard#43: . . I just got off the phone with Hagerty and they agree to insure the vehicle to $55,000 (probably too much, even though #2 went for this much on Barlett Jackson) for $1335/mo! . . . .
Are you sure that not for a year????? Mine was quoted @ just over $1,900 a year for both cars at a value of $100,000 . . . .
-------------------- My Cars: 2000 Bright Rally Red Camaro SS Convertible 2002 Electron Metallic Blue Berger SS T-Top 2004 Silver Birch Metallic Silverado 2500HD Duramax Ext. Cab. S.B. 4x4
posted
I too have AAA and am going to get quotes from other insurance agencies including Grundy's which you can do online. Other than Grundy's and Haggerty I wouldn't know who to check into but my guess would be to see under collector car insurance.
Posts: 2841 | From: Westland, MI | Registered: Apr 2003
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I've called probably all of the collector car insurance companies and didn't go with any of them. Too many restrictions. Most of them don't cover the car if you take it anywhere. You can't take it to the store, work, or a friends house ever. You could only make trips to "nowhere" to upkeep it and keep it running or to car shows and back home.
-------------------- Robbie-M97-2902 LaPlace, LA Bright Rally Red, 6M, All Chevy options except ASR (ASR not allowed with SS in 1997), Hurst, SLP performance exhaust, SS floor mats, SS cover, Torsen, Level 2 Bilstein, Oil cooler, Zaino, NOAH car cover, BMR STB, SLP !CAGS, !auto headlights, Valentine 1, T/A bezel. 22,xxx miles. My 97 SS
1985 Camaro 252,xxx miles
2004 Honda Accord EX with leather and Navigation, daily driver Posts: 254 | From: LaPlace, LA | Registered: Feb 2000
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I have Grundy and have been very satisifed but I've never had a claim yet either which is the true test on which Insurnace provider is the best. I did not have any rude people waiting on me when I called , but I did have to send pictures of my Caamro and send in my driving record the last 5 years.
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