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Thread: Insurance on SC's

  1. #1
    Join Date
    Apr 2002
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    Sterling Heights, Michigan
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    Insurance on SC's

    Hello everyone,

    I am in the process of purchasing a 1991 SC, and, should have it soon. It will be only used during the spring and summer, for going to car shows, meets, weekend cruise, these types of things. My question to all of you is, for this particular scenario, would / do you all have it insured under your insurance company for your daily drivers, or, do you have it insured with another company, perhaps, companies that insure classic vehicles?

    I'm trying to figure out what would be the best route to take in my situation. I do welcome all of the feedback you have to offer, and, any other additonal information that will help me with my decision on this subject. Additionally, I have attached a couple of photos of the SC I am purchasing.

    Thank you all in advance for your time!

    Pierre


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  2. #2
    Join Date
    Jul 2017
    Location
    Northern Virginia
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    I just purchased a SC for much the same level of use. I went with American Collectors Insurance, which I got to through my USAA insurance. It was cheaper and allowed me to declare the value of the car, but it does limit miles and types of use. Nothing significant relative to your intended use. I think Hagerty's has something similar.

    MP

  3. #3
    Join Date
    Apr 2002
    Location
    Sterling Heights, Michigan
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    Yeah, in researching the forums, I saw that you just purchased one. Congrats! I was actually looking at Hagerty's earlier this morning. I will have to check out American Collectors Insurance.

    Thanks for the suggestion.

  4. #4
    Join Date
    Feb 2003
    Location
    Tinton Falls, NJ
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    1,502
    Definitely put collector's insurance on it. I will be much cheaper, and they will give you a stated value policy so you know off the bat what valuation they are using on the car, rather than a regular insurance company where they will value it like any old tbird and you will have to fight to get a fair amount if anything happens. In addition to the other 2 mentioned, Grundy is another one to check out. When looking into the classic insurance though, make sure to find out all the requirements and restrictions, in addition to price and vehicle value, so you can make the right decision.

  5. #5
    Join Date
    Apr 2002
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    Sterling Heights, Michigan
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    I will definitely check out Grundy as well. Thanks for the other tid bits of information mentioned. That helps out quite a bit.

  6. #6
    Join Date
    Dec 2007
    Location
    Salem, OR
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    6,341
    You could always do it like the corvette owners do and self-insure by owning two cars so you have a spare when the first one gets stolen, crashed, disappears in a hurricane... Can be cheaper in some cases, or so I hear.

  7. #7
    Join Date
    Apr 2002
    Location
    Sterling Heights, Michigan
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    So, based on my quotes with the three companies listed within this thread, this is what I am being quoted (I have the same coverage across the board):

    Hagerty: $591
    American Collectors Insurance: $500
    Grundy: $316

    The above quotes are all per year (annual premium). Is there something I may be missing here? Anything else you all may know of?

    If nothing else, based on the above, I see the logical choice I suppose. Correct me if I'm wrong though please.

    Thanks

  8. #8
    Join Date
    Aug 2004
    Location
    KSRQ
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    Quote Originally Posted by 91BlackSC View Post
    So, based on my quotes with the three companies listed within this thread, this is what I am being quoted (I have the same coverage across the board):

    Hagerty: $591
    American Collectors Insurance: $500
    Grundy: $316

    The above quotes are all per year (annual premium). Is there something I may be missing here? Anything else you all may know of?

    If nothing else, based on the above, I see the logical choice I suppose. Correct me if I'm wrong though please.

    Thanks
    Make sure you are comparing apples to apples here. For example, Grundy requires the car be garaged and has a restriction on how you can use the car. I know, it isn't really much of a restriction, but it is one non-the-less, so you should be aware of that. Otherwise, in my experience, and it all depends on the value you are placing on the car, the figures look about right to me.

  9. #9
    Join Date
    Jul 2002
    Location
    Boston, MA
    Posts
    7,340
    I Just got got grundy for 185 per year on my 94 with 15k stated value. And a million restrictrictions, but im ok with that i hardly will be driving it.
    1994 Supercoupe 5spd Custom, first to buy a 2.1L Big Bore Kenne Bell Twin Screw for an SC
    Old numbers on 1.7l AR SC: 415WHP off the bottle-12.2535 @112.18 off the bottle. Best TQ to date 516ft/lbs, New numbers 480whp on dream crusher.
    1990 35th 5spd 2011 Carlisle 1st place class winner. 12.9@108MPH 1.9
    2013 GT/CS 5.0L FRPP 2.3l Whipplecharged family weekend car
    2005 SAAB 9-3 Aero 2.0L TURBO Work Mule

  10. #10
    Join Date
    Apr 2002
    Location
    Milwaukee, Wisconsin
    Posts
    3,246

    get what works for you..

    I have more than one place with my cars.. This is never simple to do. Just be careful as to limits on each one... some kill you if you do mods, others don't. Some say limit on use, or miles, others don't care. Another BIG thing is who the place is... some like cars, some don't.. also be careful on driving to work or where you park over night...
    These are all things to watch and you got to read everything twice to be sure.. I do have some with St Paul and they seem to be very open to the use we do.. Grundy is also a car guy so they are ok with most stull. I did meet the owner of that place once and yes he is a car guy... good luck and reread everything....Rich
    Too many cars,too little time to drive them. Anything less than 500 cubes is a small block. If you slow down in life you will get run over..

  11. #11
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    Apr 2002
    Location
    Sterling Heights, Michigan
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    Thanks so far, everyone. I think what I need to do is actually call all of these companies and speak with someone directly, to get the lowdown on everything, as well as an exact quote.

    I'll have to put aside some time to do this. Fun fun!!

  12. #12
    Join Date
    Feb 2003
    Location
    Tinton Falls, NJ
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    This is exactly why I suggested getting the list of all the restrictions, requirements, and coverages before deciding. If those 3 all have similar requirements, then Grundy is the obvious choice, but if that policy limits you to 3k miles a year and the others have unlimited mileage, then that $200 a year may be worth it to not be worrying about going over mileage.

  13. #13
    Join Date
    Apr 2002
    Location
    Sterling Heights, Michigan
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    You are correct. Additionally, I just made a few calls, and, based on some restrictions, etc., it looks as if I will be going with American Collectors Insurance.

  14. #14
    Join Date
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    KSRQ
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    Quote Originally Posted by ricardoa1 View Post
    I Just got got grundy for 185 per year on my 94 with 15k stated value. And a million restrictrictions, but im ok with that i hardly will be driving it.
    15k stated value!! ???

    I guess it didn't make all the horsepower you were expecting after all! LOL

  15. #15
    Join Date
    Jul 2002
    Location
    Boston, MA
    Posts
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    We would be lucky tonget close to that no matter how much HP the cars make. I dont want a higher expense. I used to run regular insurance just comprehensive because in the event of an accident I did not want them to keep the car.

    And Ira tisk tisk you will just have to wonder.
    1994 Supercoupe 5spd Custom, first to buy a 2.1L Big Bore Kenne Bell Twin Screw for an SC
    Old numbers on 1.7l AR SC: 415WHP off the bottle-12.2535 @112.18 off the bottle. Best TQ to date 516ft/lbs, New numbers 480whp on dream crusher.
    1990 35th 5spd 2011 Carlisle 1st place class winner. 12.9@108MPH 1.9
    2013 GT/CS 5.0L FRPP 2.3l Whipplecharged family weekend car
    2005 SAAB 9-3 Aero 2.0L TURBO Work Mule

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