Insurance and car value

MacGyver · #1 (**permalink**) 02-13-2008, 08:02 PM

I did a little more checking. State Farm has a 2000 mile a year limit on classic car policies. In addition there are restrictions on horsepower. Mine is a slightly warmed over 302 that doesn't reach the danger zone in their eyes. The value is Typically determined by market comparisons. In respect to rates they can vary greatly from state to state and even county to county...It is a great policy depending on your profile....No matter how you slice it these cars are a challenge to spec out for insurance of any kind due to all the variables...

shelby racer · #2 (**permalink**) 02-13-2008, 08:09 PM

my state farm agent told me 1,500 miles with no restrictions on where I drive it. I want to see the hard copy of the policy

WarrenG · #3 (**permalink**) 02-15-2008, 01:33 PM

I also went with Midwest Classic for my ERA FIA. $696/yr, 6,000 miles in Maryland. $60K agreed value. Great service also.

State Farm couldn't be bothered to return my phone calls much to my brother-in-law's chagrin since he is a SF agent in MI. He told me that he has written policies for these types of cars many times.