i was able to put my gtx onto my regular statefarm and it was waaaay cheaper then hagerty or grundy. i simply added it as a "stated value vehicle" i told them what i thought it was worth, as i work on it, i call them up and tell them to increase the value. never any inspections or pictures or anything. but that they know its a 68 gtx and my estimates arnt rediculous, if i wanted to tell them i thought it was worth 100k theyd obviously not agree. but it only costs me $10 a month and i have it valued at 10k right now. then when its on the road, i keep it at stated value so if something happens i get paid what i should, not what the computer calculates based on original MSRP and depreciation like they would a normal everyday car. the problem ive heard with those other classic car insurance companies is that as soon as you start enjoying it when you finish, say you have several nice days in a row, decide to take it to work a couple days, then you have an accident, they look at the odometer, see you drove it more then you were supposed to as a collectors car, and now they wont cover you. i called hagerty and grundy to get quotes and was asked how i use it, i said that i drive my monte carlo on nice days maybe to work once a week or so when its nice, and work is only 4.6 miles away. they said "no we cant cover you, we insurance collector cars you only go to shows with you drive on the weekends, youre not a good fit, and we wouldnt be able to cover you in a claim because the car wasnt used according to our terms. so make sure you look closely and realistically on how youll use it, because if that odometer is a mile too much for them, its possible you you wont be covered at all. this is simply based on my conversation with them regarding the plans i was looking at, may not be the exact case for everyone but my impression was if your not honest about how you use it, when the time comes god forbid to file a claim, its very possible you would be screwed, simply because you enjoy it and its not a trailer queen.
