Collector Car Insurance

[Jameson's Viggen]

I am running a VIN by Grundy, who I have collector car insurance through. I have the MVP program which also does agreed value on the dailies.

A Collectors policy would easily save me $1200-1500 a year.

I pitched that this is a limited production car and the last hurrah for ICE/RWD/6mt. He just asked for some pictures who pass on to management.

Not sure if anyone else has gone down this road yet.

 

[Finally-a-V]

Maybe it's great for that classic Corvette or Chevelle, but anytime I've priced "collector car" insurance on anything newer, the rate was double or more what I would pay my current agent for "regular" insurance. IDK, maybe it's me?

 

[Jameson's Viggen]

Maybe it's great for that classic Corvette or Chevelle, but anytime I've priced "collector car" insurance on anything newer, the rate was double or more what I would pay my current agent for "regular" insurance. IDK, maybe it's me?

Maybe I am lucky. I pay about $250 a year for $40k agreed value on my Roadster, about and $200@ $28k a year on my wagon. Conventional would easily be $1500 or so for each and for much less coverage.

 

[strohw]

Don't those polices usually have mileage limitations or other odd things attached to them?

 

[Jameson's Viggen]

Don't those polices usually have mileage limitations or other odd things attached to them?

Not really. In this case, no mileage limitation. The only rules are it must be in a garage and it can't be your every day driver.

 

[strohw]

it can't be your every day driver.

I guess I would personally classify that as a major limitation for a majority of the people buying these cars. Unless of course you just ignore it and claim otherwise in a 2 car household?

 

[Jameson's Viggen]

I guess I would personally classify that as a major limitation for a majority of the people buying these cars. Unless of course you just ignore it and claim otherwise in a 2 car household?

Yeah, you gotta do what works for you. We have a few cars here and I work from home. So if I am out in the BlackWing it's going to be for pleasure and not the sole form of transportation.

 

[jdpeake]

Curious how this goes. Please keep us updated. Mine is parked for probably 5 months and their making me keep collision on it......would love to "cheapen" my rates

 

[Jameson's Viggen]

"Good morning Mr. Neumann,

After speaking with AIG and our account managers here at Grundy Insurance they unfortunately decided against allowing it to qualify as a collector. There is a chance that this could change if any more regular use vehicles are added to the policy. I apologize for making you have to sign that form, I like to have it ready in case that is what the account manager would have asked for.


Thank you,"

Well there goes that. Basically they did the math and saw I have TWO cars already on collectors policies. Adding a third while ONLY having my wife's car as a daily, they know the BlackWing would be used in more than just collector type driving situations

 

[Jameson's Viggen]

I’m not surprised. Generally they don’t do it on new cars even if you can prove a limited run, which obviously you can’t on the Blackwing. They wouldn’t do it with my new GT Black Series and there‘s only 371 of them in the US. I had to pull teeth to get my 08 CLK Black Series a collectors policy, and there were only 350 of those brought to the US. It did save me a little money on that car, but not a huge amount compared to what an ultra low mileage regular policy would have cost.

Rarity doesn't seem to be a problem. They agreed to a policy on my '09 Saab wagon because I showed it was the ONLY one produced that year with a manual lol.

The issue is the skew of my house to collectors vs daily drivers. It was not a quick no, they reviewed my policy and other vehicles.

 

[burn813]

"Good morning Mr. Neumann,

After speaking with AIG and our account managers here at Grundy Insurance they unfortunately decided against allowing it to qualify as a collector. There is a chance that this could change if any more regular use vehicles are added to the policy. I apologize for making you have to sign that form, I like to have it ready in case that is what the account manager would have asked for.


Thank you,"

Well there goes that. Basically they did the math and saw I have TWO cars already on collectors policies. Adding a third while ONLY having my wife's car as a daily, they know the BlackWing would be used in more than just collector type driving situations

 

[Jameson's Viggen]

Uh oh, I done gone and messed up

 

[burn813]

Uh oh, I done gone and messed up

NEEEUUUUUUUMMMAAAAANNNNN jk jk

 

[Jameson's Viggen]

NEEEUUUUUUUMMMAAAAANNNNN jk jk

I have been hearing that off and on for 20+years now. It's been awhile. Thanks for the nostalgia.

 

[RDATLTE]

I’m not surprised. Generally they don’t do it on new cars even if you can prove a limited run, which obviously you can’t on the Blackwing. They wouldn’t do it with my new GT Black Series and there‘s only 371 of them in the US. I had to pull teeth to get my 08 CLK Black Series a collectors policy, and there were only 350 of those brought to the US. It did save me a little money on that car, but not a huge amount compared to what an ultra low mileage regular policy would have cost.

Speaking of Black Series, Jonny Lieberman had an amusing post yesterday showing a $300k "Market Adjustment" on a $334,110 MSRP with the statement "Mercedes dealers looking at Ford Lightning markups going "Hold mein weisswurst und schnapps."

 

[Jameson's Viggen]

Speaking of Black Series, Jonny Lieberman had an amusing post yesterday showing a $300k "Market Adjustment" on a $334,110 MSRP with the statement "Mercedes dealers looking at Ford Lightning markups going "Hold mein weisswurst und schnapps."

Yeah. I think it's probably G-wagons that have the craziest Benz markups and a multi-year wait list.

 

[RDATLTE]

Yeah. I think it's probably G-wagons that have the craziest Benz markups and a multi-year wait list.

More than this nearly 100% mark up on the Black Series?

 

[Jameson's Viggen]

More than this nearly 100% mark up on the Black Series?

I haven't heard anything about the Black Series yet. I do know people who have tried to get an G-wagon though.