Topic: Another Insurance Question...
in Forum: C3 General Discussion
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I know there's been a lot of threads regarding insurance companies and I've checked out just about all of them. The problem I'm running into - and looking for advice - is that is seems that to get proper collector or classic car insurance, they insist that you have another "daily driver" car.
My problem is that I only have my Corvette and it's not a daily driver. I don't have a second car (barely even need 1 car living in NYC!). None of the insurance companies will offer me insurance.
I'm currently insured by GEICO, but it's full insurance, expensive and the coverage is not so hot.
Suggestions?
My problem is that I only have my Corvette and it's not a daily driver. I don't have a second car (barely even need 1 car living in NYC!). None of the insurance companies will offer me insurance.
I'm currently insured by GEICO, but it's full insurance, expensive and the coverage is not so hot.
Suggestions?
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Lifetime MemberKEYPORT, NJ - USA
Joined: 7/6/2002
Posts: 493
Vette(s): 1973 Stingray Coupe and C5 and C6 Coupes.
Keep in mind with collector car insurance that you can't use your Vette as a daily driver... meaning you can't drive it to work or for errands and some collector car insurance companies may limit annual mileage.
I have collector car insurance on my 73. I use it only on weekends and for special events.
Other than acquire a "daily driver" I don't know what to tell you. Good luck.
I have collector car insurance on my 73. I use it only on weekends and for special events.
Other than acquire a "daily driver" I don't know what to tell you. Good luck.
1973 Coupe 
(click to see a bigger version)
| Rogue Wave said: Keep in mind with collector car insurance that you can't use your Vette as a daily driver... meaning you can't drive it to work or for errands and some collector car insurance companies may limit annual mileage. |
I don't drive the car except weekends or special car events. Apparently, one can't own a "collector car" and nothing else and get the proper insurance. My concern is that I have full insurance on the car now, but collision only pays "blue book" and the car is considered "modified antique".
The search continues...
Lifetime MemberKEYPORT, NJ - USA
Joined: 7/6/2002
Posts: 493
Vette(s): 1973 Stingray Coupe and C5 and C6 Coupes.
Have you thought about buying a junker for a daily driver and getting the minimum insurace you can on it.
I totally understand about the full coverage you have now and the $$$ they say your Vette is worth. Mine was the same way until I got collector car insurance. Talk about a sigh of relief, at least it is now covered for what it is worth.
Good luck, I think you're kinda between a rock and a hard place...
I totally understand about the full coverage you have now and the $$$ they say your Vette is worth. Mine was the same way until I got collector car insurance. Talk about a sigh of relief, at least it is now covered for what it is worth.
Good luck, I think you're kinda between a rock and a hard place...
1973 Coupe
(click to see a bigger version)
| Rogue Wave said: Have you thought about buying a junker for a daily driver and getting the minimum insurance you can on it. |
Actually, I have. But the reason I don't have a "daily driver" is that I live in Manhattan where the need for a car is pretty much "nill". Not to mention that parking runs between 200-300/month (if you can find it), insurance, gas, etc.
So I'm wondering if I a motorcycle would work? Whaddya think? Would that be considered a "daily driver"?
In NJ, with Hagerty, a motorcycle is NOT a daily driver. I guess they figure you won't wanna drive it in the rain or snow or somethin' like that. Besides that, Hagerty requires a locked garage that it be stored in.
EdelBrock Performer w/ 750 doub pumper,port/polished heads, triple cut valves w/4th cut down the throat of the exhaust valves, 286 Comp Magnum cam, 1.6 roller rockers, ball-peen pushrods w/guides, screw in rocker studs w/girdles, Comp double-roller chain, , hi-rise valves covers w/ spacer (needed for the girdles), Flowtech by Holley long-tube ceramic coated headers into Stage II pipes (no cats), chrome wire looms for the MSD 8.5 mm wires, MSD 50,000v coil kit w/advance springs, cap, rotor, module, steel-braided radiator,heater,vacuum hoses, Infinity Kappa 4x6 plates (dash), Sony Xplode 6 3/4" (rear), chrome T-stat housing, A-arm shields, B&M Hammerhead shifter
|IMG||/IMG|
| Eric76 said: ... the reason I don't have a "daily driver" is that I live in Manhattan where the need for a car is pretty much "nill". Not to mention that parking runs between 200-300/month (if you can find it), insurance, gas, etc. ... |
Do you have any relatives or friends who own a small piece of property nearby in the tri-state are? And would be willing to store a vehicle 'out behind the barn'? If so, buy an old Chevette (gasp) or Vega
, list it as your daily driver, and park it. You wouldn't need it for commuting, in fact you should get a break on the insurance because of that. 
Jim Olson 
"The Toys"...!!! Save the Wave! 
Former Member
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Wayne, NJ - USA
Joined: 5/31/2002
Posts: 973
Vette(s): White 1975 L48 Stingray 129,000 Miles, daily driver.
You could park it here on campus for $125 a semester or somethin'. The car doesn't have to be in my name anywhere but with the school(so kids can drive their parent's car). Its an option and then if you really needed your "daily driver" its just a trip on the Path away.
Scot
Trying to help, I think I'm gonna have the same problem soon!
Scot
Trying to help, I think I'm gonna have the same problem soon!
| Paragon75Ray said: You could park it here on campus for $125 a semester or somethin'. |
Hmmm - I may just take you up on that! How long is the semester?
(P.S. Thanks for the generous offer!!!)
in Forum: C3 General Discussion
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