Insurance: Miata as a "collector car" - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


Insert BS here A place to discuss anything you want

Reply
 
 
 
LinkBack Thread Tools Search this Thread
Old 09-27-2010, 02:22 PM   #1
Elite Member
Thread Starter
iTrader: (5)
 
m2cupcar's Avatar
 
Join Date: Jan 2005
Location: Atlanta
Posts: 7,242
Total Cats: 290
Default Insurance: Miata as a "collector car"

I just bought a third car that was insured with American Collector's Insurance. I've seen their ads in magazines but never thought twice about 'em until speaking with this car's prior owner. Apparently they are open to insuring just about any car as a collector car as long as each driver in the household has a dedicated daily driver. So- I checked it out, and sure enough. I got the Miata insured for a agreed value of $7k (more than double that of GEICO) and listed all the modifications, along with roadside assistance and repair costs up $500, comprehensive and collision (neither on GEICO), no more than 3k miles a year. Total came to half what I was paying-- all the other policy features not mentioned are equal coverage.

I checked out Haggerty too, but they want the agreed value to start at $15k. I know there are others out there that do the same type coverage. Just figured I'd bring it up since I know there's quite a few that have a Miata as a second car.
m2cupcar is offline   Reply With Quote
Old 09-27-2010, 02:31 PM   #2
Elite Member
iTrader: (7)
 
jeff_man's Avatar
 
Join Date: May 2007
Location: Dallas, Tx
Posts: 3,056
Total Cats: 103
Default

will be looking into this, thanks for the idea
jeff_man is offline   Reply With Quote
Old 09-27-2010, 04:45 PM   #3
Senior Member
iTrader: (2)
 
Join Date: Oct 2007
Location: Northeastern CT
Posts: 547
Total Cats: 2
Default

i wonder if they would insure my escort LOL
therieldeal is offline   Reply With Quote
Old 09-27-2010, 04:50 PM   #4
Elite Member
iTrader: (17)
 
Join Date: Apr 2009
Location: Atlanta, GA
Posts: 2,831
Total Cats: 0
Default

speaking of escort! i will be sending u PM shortly ^^^
WonTon is offline   Reply With Quote
Old 09-27-2010, 05:07 PM   #5
Elite Member
iTrader: (5)
 
Join Date: Oct 2007
Location: Canton, Ga
Posts: 1,707
Total Cats: 19
Default

Sounds perfect for my car only seeing 5k/year. will definitely check out.
Stealth97 is offline   Reply With Quote
Old 09-27-2010, 06:28 PM   #6
Elite Member
Thread Starter
iTrader: (5)
 
m2cupcar's Avatar
 
Join Date: Jan 2005
Location: Atlanta
Posts: 7,242
Total Cats: 290
Default

Agreed. I'd be surprised if they said no for any reason other than the daily driver rule or a poor driving record.
m2cupcar is offline   Reply With Quote
Old 09-28-2010, 09:38 AM   #7
Elite Member
iTrader: (7)
 
Join Date: Jan 2008
Location: Knoxville, TN
Posts: 2,120
Total Cats: 44
Default

I may be wrong but Im fairly certain my dad pays $100 a year for his 91. Its under "antique", not collector's. All he had to do is send in a picture, showing thats it's in good condition. Can't DD it and can't race it.
flier129 is offline   Reply With Quote
Old 09-28-2010, 09:46 AM   #8
Elite Member
iTrader: (12)
 
Join Date: Apr 2008
Location: Longs, SC
Posts: 2,583
Total Cats: 13
Default

I dont suppose they have anything like this for a daily driver?
icantthink4155 is offline   Reply With Quote
Old 09-28-2010, 10:13 AM   #9
Elite Member
iTrader: (21)
 
Join Date: Jun 2007
Location: Rochester, NY
Posts: 5,686
Total Cats: 558
Default

I have mine insured as a "fair weather" car. Limited miles (3.5K a year, I think), and basic coverage. No real restrictions other than mileage, which I don't hit anyway. Automatically comes off the road for 6 months out of the year, but no turning in plates or re-registration.

Costs me a whopping $137 a year, and that's in NY.
rleete is offline   Reply With Quote
Old 09-28-2010, 12:17 PM   #10
mkturbo.com
iTrader: (24)
 
shuiend's Avatar
 
Join Date: May 2006
Location: Charleston SC
Posts: 13,776
Total Cats: 1,106
Default

I looked into having my 94 insured through them. Unfortunately the most they would value it at was $6000 and it had to be garaged. The 3000 miles a year driving limit also killed things.
shuiend is offline   Reply With Quote
Old 09-28-2010, 11:01 PM   #11
Unbannable
 
Join Date: Dec 2007
Location: Trent Hills, ON
Posts: 156
Total Cats: 1
Default

Need the Canadian equivalent of this if it exists. Most here assume you have something actually worth money.
jmack is offline   Reply With Quote
Old 09-28-2010, 11:54 PM   #12
Senior Member
iTrader: (6)
 
tyson87's Avatar
 
Join Date: Aug 2008
Location: West Palm Beach, FL
Posts: 1,023
Total Cats: 1
Default

for most of the companies u need to have either 10yrs of driving experience or be 25years old.
tyson87 is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Another Cast Manifold Corky Bell Prefabbed Turbo Kits 18 11-22-2016 10:01 PM
1994 Spec Miata Race Car SM/SM2/SSM For Sale Quinn Cars for sale/trade 6 10-23-2016 08:58 AM
LucaCarMods's Boosted Dutch Miata Build! LucaCarMods Build Threads 11 02-14-2016 07:13 AM
WTB HPDE miata - Texas Voltwings Cars for sale/trade 0 09-27-2015 07:40 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 08:54 PM.