Insurance

LowCountryEB · Feb 13, 2018

My State Farm agent states that he can only insure my Bronco for $5k or so which is a joke. For more valuable Broncos ($30k+), do you get insurance through a "antique" insurance broker or how do I go about getting insurance for what mine is really worth? Where do I find a good auto appraiser? What should I do?

gavindg · Feb 13, 2018

LowCountryEB said:
My State Farm agent states that he can only insure my Bronco for $5k or so which is a joke. For more valuable Broncos ($30k+), do you get insurance through a "antique" insurance broker or how do I go about getting insurance for what mine is really worth? Where do I find a good auto appraiser? What should I do?

I have mine insured through State Farm for $30k.
Costs about $250 per yr.
I can ask him how he classified it if you want.

LowCountryEB · Feb 13, 2018

Man that would be great! Did you have to get it appraised or anything? My agent asked if mine had "new head liner" and other crazy questions like that as for why I thought it was worth well more than $5k. LOL

spap · Feb 13, 2018

My State Farm coverage is about the same guaranteed pay off
Get a new agent

LowCountryEB · Feb 13, 2018

Spap-

Well, it isn't that easy. My agent has my real estate insurance as well and I live in a coastal/hurricane area which makes it difficult to obtain sometimes. What kind of documentation did you and gavindg provide your agent with to get insurance of a higher amount? And what amount do you have?

nickgp · Feb 13, 2018

Ditch the regular insurance company and use American Collectors, Hagerty, Grundy etc.

sykanr0ng · Feb 13, 2018

Do some comparison shopping, get quotes from other companies like ANPAC Chrome
Even if you stay with State Farm at least you will know what is out there.

B RON CO · Feb 13, 2018

Hi, I heard State Farm does "classic / collector" car insurance from some guys. I went from company G to Hagerty after company G raised my rates for the third time. Hagerty has an agreed value policy and unless you put a super high value on your Bronco, you should not need an appraisal. Don't be afraid to shop around. Good luck

Tugross302 · Feb 13, 2018

With hagarty you choose the amount you think it’s worth. If they disagree then they will appraise it. I insured one of mine for $50000 and they agreed immediately. According to my agent it was the quickest response she’d ever seen from them. Just need pictures of all four sides plus engine and interior

spap · Feb 13, 2018

My state has an agreed policy for 35k,I know what you mean. My umbrella policy is with State Farm and my other cars.
Pretty easy to get separate insurance for the truck. I think it may be different State to state

Jaxgtc · Feb 13, 2018

You can move all of your State Farm policies from one agent to another without changing anything or losing coverage. Your insurance is with SF, not the agent. They do have a collector car line. I have everythihing with SF but just moved the bronco to Hegarty in the fall. Just made sense for me.

1971lubr · Feb 14, 2018

Grundy insured me at 50k, no questions asked, no appraisal needed. I came up with 50, not necessarily because that's what it would sell for but that's what it would easily cost to replace considering travel and shipping a replacement across the country.

dixieboyz13 · Feb 14, 2018

Who is your agent in Charleston? Try giving Stiles Bee a call. 843-580-8000. He's up in Hanahan, but he should be able to get it straightened out for you.

gavindg · Feb 14, 2018

LowCountryEB said:
Man that would be great! Did you have to get it appraised or anything? My agent asked if mine had "new head liner" and other crazy questions like that as for why I thought it was worth well more than $5k. LOL

I put an inquiry in to my agent. Will let you know when i hear back.
No Appraisal.

AK-47 · Feb 14, 2018

I use Hagerty for my restomod(71) for $70K for about $1K/yr

gavindg · Feb 14, 2018

LowCountryEB said:
Man that would be great! Did you have to get it appraised or anything? My agent asked if mine had "new head liner" and other crazy questions like that as for why I thought it was worth well more than $5k. LOL

No Appraisal.
It is under an Auto Policy but through their Antique/Classic Division which is where it gets its better pricing.

Hope this helps.

SHX669 · Feb 14, 2018

Like someone mentioned it could vary from State to State .
I had my '68 insured with Allstate and they told me there was no way they would give me the actual value of it if wrecked or stolen and I should find " Collectors Insurance " . If I remember correctly they would cover liability and comprehensive - to a point .
I called and went to several " good " insurance companies and was told that they would insure it under their Collector Umbrella IF I moved all my coverage House and Auto to them . Figuring it was just as easy going to a " Collector " insurance than changing it all I went with Grundy . It's insured through them for $ 7000 more than what Allstate said " no way " on.

SDCA_BRONCO · Feb 14, 2018

Does anyone have any advice on getting insurance without having a garage to store the vehicle in? Seems like every insurance carrier requires it to be garage kept in CA.

1971lubr · Feb 14, 2018

SDCA_BRONCO said:
Does anyone have any advice on getting insurance without having a garage to store the vehicle in? Seems like every insurance carrier requires it to be garage kept in CA.

I'm pretty sure that's standard for any collector policy. That and having an insured daily driver.

Casey4wd · Feb 15, 2018

How are people insuring a restomod if they intend on driving it daily (or driving it enough that collector car insurance would question the mileage)?

Insurance

Full Member

Full Member

Full Member

Bronco Guru

Full Member

Bronco Guru

Bronco Guru

Bronco Guru

Sr. Member

Bronco Guru

Sr. Member

Sr. Member

Jr. Member

Full Member

Jr. Member

Full Member

Bronco Guru

New Member

Sr. Member

Sr. Member

Similar threads