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Insurance

Discussion in 'Early CJ5 and CJ6 Tech' started by ethansen, Jun 14, 2005.

  1. Jun 17, 2005
    coby61

    coby61 Stupidiotic Member

    Prunedale CA
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    Mar 10, 2004
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    388
    Allstate simply told me on the 3b to have it appraised and we would insure it for the total value. But they did state that if it is wrecked off-road they were not liable but if it was stolen, wrecked on-road, or act of God (weather) it would apply.
     
  2. Jun 17, 2005
    sparky

    sparky Sandgroper Staff Member Founder

    Perth, WA
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    I just took the TJ insurance to be that way as well. Pay to play. :D
     
  3. Jun 17, 2005
    56WillyCJ5

    56WillyCJ5 Oops! Actually 55WillyCJ5

    Columbus, GA
    Joined:
    Jun 6, 2005
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    78
    My agent underwrites for two insurance companies... Cotton States and Progressive. She explained that my current insurer, Cotton States, does not offer the ability to insure customized vehicles beyond "Blue Book" and so suggested Progressive that does. As I said, she stated that they could write a policy that would protect my investment for appraisal value, even if I am using it as a daily driver. Damage from "off road" would fall under assumed risks and not be covered but she said there's a difference between "off-roading" and driving down unpaved roads.

    Keep in mind, I am just passing along info given to me by my agent. I'm about to put her to the test and I will post to let everyone know how it goes.

    Thanks for the links, Beth!
     
  4. Jun 17, 2005
    schardein

    schardein Low Range Therapy

    Success, MO
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    Aug 11, 2003
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    553
    I am very interested in insuring my CJ5 for actual value. Some of these special companys sound interesting but my CJ5 is a daily driver, at least right now. Any way of getting around that? Do they check mileage or something?

    I have State Farm. Totaled my CJ7 in an offroad (mis)adventure. I had to haggle with them for 2 weeks, and provide handwritten info on money spent and upgrades, along with some of the receipts I had. Eventually they paid off on the amount we agreed (I insisted) on (around $3000 IIRC), and I bought the Jeep back from them for $900. I was happy in the end, not saying I agree with the system but I made it work for me. I still use State Farm but sure would like to find an alternative cause I think they are a little expensive, expecially considering I don't have full coverage right now.

    Not that it makes a difference, but I was off road that day trying to save someone who was about to roll a new XJ off the side of a cliff. I saved him, but ended up having quite a story to tell and a totaled Jeep. As I recall the off road thing wasn't discussed much except at first, after I lost my temper the first time they never mentioned it again.
     
  5. Jun 17, 2005
    jollyjeepers

    jollyjeepers Member

    Roanoke, VA
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    Aug 11, 2003
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    It was my understanding that normal insurance companies won't provide full coverage on vehicles over x# years old. Perhaps some like State Farm do?

    I've always been told that liability was all I could get on an old car.

    I just hate dealing with any type of insurance.

    I have been lucky enough to have never needed insurance (as in made a claim) most of my life. The only two situations I had were years ago when I lived in OK.

    I had a '60 Lark DD and my husband at the time was driving it and was hit almost head on by a woman who ran a red light. When her husband showed up on the scene he said "OMG, you hit an antique Mercedes" R)

    Her insurance company wanted to offer book value on the car. We had done quite a bit of work to the car and it was just about ready for paint. Book value was about $2.98. I pulled one of my famous legal prep manuevers that I'm famous at and had all the stacks of Old Cars Price Guide, our Stude club magazines with similar cars listed for sale and lots of documentation. I thought the car was worth $800 and stuck to my guns and got it.

    About two years later I had fallen in love with late great Chevys and had a '64 Impala SS (327). Again, all the work was done and it had an appointment at the paint shop where my other half worked for the following week. Again he was driving and the car was T-boned by a '74 Chevy that was like a land barge. It ran a stop sign and hit so hard that it cracked the transmission. It was totalled and I was crushed. It was only insured as a DD and they guys insurance again was going to do the book value thing and I prooved that the car was worth $3500 and got every penney.

    My concern is that if I insure my rusty, trusty Lark or the CJ7 under a normal company and I'm the one that hits someone, they will pay the other guy for his car, but I'm going to get screwed if I only have liability and even with full coverage (if it were available) because they're going to say book value is $50.

    I will also say, that if you are trying to prove value, the number one resource in the country is the Old Cars Price Guide. You can buy one at a good magazine stand or buy or subscribe online. Krause.com I believe. If you are not aware of it, NADA does have a collectors value guide as well as a long list of specialty guides. My dad gets these and contributes information on the value of military vehicles when they contact him.

    I hope I didn't make anyone mad. I don't mean to step on toes or suggest that you dont' know what you're doing. This is a soapbox topic for me (in case you couldn't tell). I was raised with all this ingrained into my mind and was taught to understand it and educate other about issues relating to the hobby.

    Beth
     
  6. Jun 17, 2005
    56WillyCJ5

    56WillyCJ5 Oops! Actually 55WillyCJ5

    Columbus, GA
    Joined:
    Jun 6, 2005
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    Well, like I said, my agent stated I could get FULL coverage from Progressive. I told her I wanted coverage that would pay me what it would cost to REPLACE my jeep in it's pristine condition. None of this Blue Book garbage. She said I only needed an appraisal! No telling what it'll cost me. Keep your eye on this thread and I will let everyone know how it goes. Going to be eyeing that policy closely!!! :shock:
     
  7. Nov 16, 2011
    curtcanada

    curtcanada L, L, and the POH!

    Western Slope, CO
    Joined:
    Nov 25, 2008
    Messages:
    372
    Looks like this thread ended a long time ago. I currently have my 1970 CJ-5 insured through State Farm (in Colorado). I'll need to talk with my agent; but, I doubt I would get anything for it, with my current policy. It's been about 3 years of resto-modding; and, I'm ready to actually enjoy it next spring/summer. By resto-modding, I mean it's got a new paint job, replaced drums with discs, rebuilt the oddfire, replaced the 3-speed with an orginal 4-speed...nothing extreme, lifted, or cut. I catch a lot of crap about it being a "pavement princess"; but, after the blood, sweat, tears, and moolah invested in it, I plan on wiping it down with one of my son's clean diapers in the garage :)

    Has anyone recently looked into insurance for a strictly "pleasure vehicle"? I'm positive that I wouldn't even get to 2,500 miles/year on it. Are Grundy and Hagerty still the top suggestions?
     
  8. Nov 16, 2011
    timgr

    timgr We stand on the shoulders of giants. 2022 Sponsor

    Medford Mass USA
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    Aug 10, 2003
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    I have regular insurance on all my cars, and I get a low-mileage discount (less than 5000 miles/year) for all of them. None of them are insured as collector cars, because I recall the terms are too restrictive. No opportunity for recovering money from the 'at fault' driver, since MA is a no-fault state.

    Did you read Beth's first post above? She gives you a list of companies to contact. Plenty of good info above.

    Other than classic car insurance (which is basically for trailer queens), I expect you can get the kind of insurance you want if you are willing to pay for it. My alternative is to legally insure for the lowest cost possible, and self-insure. That is, put aside money regularly to cover the costs of a wreck. IMO if you average less than one accident a decade, you'll be ahead to save the money you would spend on a comprehensive policy, and instead buy the cheapest policy available.
     
  9. Nov 16, 2011
    unclebill

    unclebill Banned

    a sun blasted...
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    i just canceled my current provider and went with ANPAC CHROME
    it was 35% less for three times the coverage.(multiple car discount)
    10,000 miles a year limit.

    p.s.
    the slug is worth 6000 bux
     
    Last edited: Nov 16, 2011
  10. Nov 16, 2011
    schardein

    schardein Low Range Therapy

    Success, MO
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    Aug 11, 2003
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    Well said Tim. I follow the same philosophy. I currently own 6 titled vehicles. The most I paid for original purchase was $5800, although I have more than that "invested" in several of them. God forbid, but repairs for an accident that was my fault would be my responsibility. I carry the minimum required by law because... it's the law. What strikes me as completely wrong is being required by law to maintain insurance on a vehicle I have registered, even if I am not driving it. Why should I have to turn in my registration and forfeit my registration fee because I know I will not drive the vehicle for 6 months and decide the cancel my insurance? But that's another subject.
     
  11. Nov 16, 2011
    sparky

    sparky Sandgroper Staff Member Founder

    Perth, WA
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    Huh? I had a policy on my CJ-5 when it was registered but not driving for a year or more. It set in the drive, but it had "insurance" but I technically couldn't drive it and it didn't cost me much, maybe $5/year or so. All I had to do is call the insurance co. and change the policy and pull out of the drive. Easy.
     
  12. Nov 16, 2011
    mortten

    mortten I can’t put my finger on it 2024 Sponsor 2023 Sponsor 2022 Sponsor

    Peninsula, Ohio
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    :iagree:
    I put my motorhome on "storage" insurance in the winter. About $30.00. When I want to use it, I give the agent a call.
     
  13. Nov 16, 2011
    schardein

    schardein Low Range Therapy

    Success, MO
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    I'll have to check if State Farm has a "storage" option... but the point is, in VA, if I want to cancel my insurance, I have to surrender my registration... I don't like the state government acting as my conscience, and whether it is $5 or $30 isn't the point. If I'm not driving it for an extended period, I should be able to cancel my insurance without surrendering my registration. Since I carry minimum coverage, if a tree branch falls on it in the yard, I'm not covered anyway. Did I just use "government" and "conscience" in the same sentence...??
     
  14. Nov 16, 2011
    tiptoptune2

    tiptoptune2 Member

    Colorado
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    Aug 16, 2008
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    Anyone have any actual experience in being liable for an accident, injury or damage you were at fault for with a modified vehicle ( larger tires, 2 inch lift, larger engine, upgraded brakes and steering) either on or off road and insurance company paying or denying because of mods? Currently have GMAC and they always ask if any modifications to any of my fleet which includes 46 2a and 72 commando. Now looking into Metlife and American Family. All I am concerned about is the insurer covering me in case of me being liable in an accident.
     
  15. Nov 16, 2011
    ojgrsoi

    ojgrsoi Retired 2024 Sponsor 2023 Sponsor 2022 Sponsor

    Weatherford, TX
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    I had State Farm on my Tux and it was insured the same as my silverado and civic. This includes higher liability than minimum, comp and collision. For $25 per month I didn't think that was too bad. I think if the repairs on my rig would have been over $3500 they would have totaled it.

    On my CJ6 I am in the process of getting comprehensive only since it is not registered. This would cover theft, vandalism and some value if the house burned down and it was in the garage. BTW it is in the garage because it's still not roadworthy. When it is ready it will get insurance like my other cars.

    I have had collisions with folks that have no insurance and am for folks having financial responsibility of some value to cover collision with others. Yep some states tie the registration together with paid insurance and some only have to show insurance the day they title and register.
     
  16. Nov 16, 2011
    sparky

    sparky Sandgroper Staff Member Founder

    Perth, WA
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    It might have been storage, but I believe it was something altogether different than that even. I've had storage before on a vehicle. But this was some time ago and on another continent. ;)
     
  17. Nov 17, 2011
    Stout

    Stout Member

    Quakertown, PA
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    Nov 1, 2010
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    I just signed up for collector's insurance through American Collector's. Full coverage for an agreed value for a little more than $200/year. But now I'm having second thoughts and might just insure it as a regular car and take my chances. I can't stand the idea of an insurance company dictating my driving abilities -- can only drive it on weekends, holidays, etc. and cannot be used as "general transportation" which, to me, means that I cannot drive it to work on a nice sunny day.
     
  18. Nov 17, 2011
    haighfam

    haighfam Member

    Paradise, CA
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    Feb 8, 2009
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    I've got Hagerty on my 3A. Agreed value policy at $5000 for $250 per year. No driving restrictions except 5000 mile limit per year which I will never hit. Had to take it to my insurance guy for an inspection and some photos. They covered it no problem, and insurance agent says he's seen them pay for trail damage on another local guy's rig.
     
  19. Nov 17, 2011
    unclebill

    unclebill Banned

    a sun blasted...
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    anpac
    10,000 a year for the slug and 10,000 for the hotrod.
    unlimited for the gmc 2500
     
  20. Nov 17, 2011
    Long&Low

    Long&Low Active Member

    Geauga County, OH
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    Grundy does let you drive it to work on sunny days. It can't be used for errands or as a daily driver, plus it needs to be garaged full time. They have restrictions, but then again, for an agreed upon value, coverage is pretty inexpensive. It doesn't have to be a trailer queen, more or less a hobby car.

    I'd be interested to see if they cover to and from trail rides and such (whilst driving).
     
    Bob likes this.
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