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For the last 2 years the insurance on my Ferrari has been $450 a year for full coverage. I thought that was a pretty good deal. This year I got my insurance bill and my rates had dropped to $207 a year!
Can you believe that? $207 for a year of full coverage on a Ferrari! The insurance on my old '69 Commando plow truck is $227 and that is just for liability!
The insurance company is American Collectors Insurance. The restrictions are that the car can't be your primary transportation, it must be stored in a locked garage and you can't put more than 2,500 miles per year on the car. None of those is a problem for me.
The insurance is "Agreed value" not blue book value so you tell them how much you want it insure it for and they charge per thousand. I have my car insured for $25k. I know I couldn't replace it for that but that is my break even point.
I tried to get my Commando on the same policy but they wouldn't touch it because I store it outside. Go figure, I only want to insure that for $2,000. I wouldn't insure the Commando at all except for the fact that Maine requires liability insurance on all cars used on the road.
So here is the link to an awesome insurance company, sorry that it is only available in the continental U.S. http://www.americancollectorsins.com/index.htm
Can you believe that? $207 for a year of full coverage on a Ferrari! The insurance on my old '69 Commando plow truck is $227 and that is just for liability!
The insurance company is American Collectors Insurance. The restrictions are that the car can't be your primary transportation, it must be stored in a locked garage and you can't put more than 2,500 miles per year on the car. None of those is a problem for me.
The insurance is "Agreed value" not blue book value so you tell them how much you want it insure it for and they charge per thousand. I have my car insured for $25k. I know I couldn't replace it for that but that is my break even point.
I tried to get my Commando on the same policy but they wouldn't touch it because I store it outside. Go figure, I only want to insure that for $2,000. I wouldn't insure the Commando at all except for the fact that Maine requires liability insurance on all cars used on the road.
So here is the link to an awesome insurance company, sorry that it is only available in the continental U.S. http://www.americancollectorsins.com/index.htm