I have a car which I want to insure, which meets the following criteria:
a) It is 28 years old and I bought it brand new back in 1989
b) The car is still in relatively great shape, despite its age
c) It is NOT a classic car, like a late 60s American muscle car, but just an average Japanese coupe
d) The car has rarely been driven, in fact it hasn't been driven in over 2 years
e) I do not plan on driving the car often - perhaps a few hundred miles per year - since I have other cars which I would drive regularly
f) I will be the ONLY person driving the car in my household and I am in my 50s
I have recently dropped the insurance on said car, since I needed to add my teenage son to my policy and had to try and cut expenses, since my annual insurance premiums would have been over $6000 for all of my cars and it was more important to increase my liability limits since I was adding a teen driver. I had posted on this forum about a month ago, asking a question about adding my son and trying to keep costs down. Long story short, someone on this forum suggested that I look at collector car insurance and that I should be able to get coverage through one of several they suggested. I sent in an application to Grundy and just got a response back that my application was declined, because a) my vehicle carries no type of Collector status, and b) my vehicle is not a Show vehicle. I'm not going to go through the time and effort (and expense; I had to pay almost $2 in postage to send all of the forms, pictures, etc. back to Grundy) to apply to Hagerty, ACI or others, since they will probably decline my car for the same reasons. Of the ones I've looked into, they all state on their web sites that it's Classic or Collectors car insurance.
If I were to have left my car on my current policy, I would have been paying over $500 annually, for just liability coverage. I also did a quick quote on esurance.com and the results were about the same. It seems that any traditional insurance company wants to know about all of the drivers in my household and just assumes that everyone could potentially drive that particular vehicle. I do not want to pay that kind of premium for a car that...well, for reasons (d), (e) and (f) that I stated above.
With all that said, has anyone else experienced a similar situation and know of an insurance company that will insure an average, late '80s/early '90s Japanese coupe, which is not a daily driver and which will only be driven by one driver? Or, does that market just not exist because it may not be economically feasible for a company to offer that kind of insurance? FYI, my current insurance company is Progressive, but they offer no limited mileage discount, unless you use their Snapshot, but that is impossible on a vehicle from 1990, since it doesn't have OBDII.
FYI, I did try and search the forum for an answer before I typed up this long-winded post, but my search didn't return any relevant results.
a) It is 28 years old and I bought it brand new back in 1989
b) The car is still in relatively great shape, despite its age
c) It is NOT a classic car, like a late 60s American muscle car, but just an average Japanese coupe
d) The car has rarely been driven, in fact it hasn't been driven in over 2 years
e) I do not plan on driving the car often - perhaps a few hundred miles per year - since I have other cars which I would drive regularly
f) I will be the ONLY person driving the car in my household and I am in my 50s
I have recently dropped the insurance on said car, since I needed to add my teenage son to my policy and had to try and cut expenses, since my annual insurance premiums would have been over $6000 for all of my cars and it was more important to increase my liability limits since I was adding a teen driver. I had posted on this forum about a month ago, asking a question about adding my son and trying to keep costs down. Long story short, someone on this forum suggested that I look at collector car insurance and that I should be able to get coverage through one of several they suggested. I sent in an application to Grundy and just got a response back that my application was declined, because a) my vehicle carries no type of Collector status, and b) my vehicle is not a Show vehicle. I'm not going to go through the time and effort (and expense; I had to pay almost $2 in postage to send all of the forms, pictures, etc. back to Grundy) to apply to Hagerty, ACI or others, since they will probably decline my car for the same reasons. Of the ones I've looked into, they all state on their web sites that it's Classic or Collectors car insurance.
If I were to have left my car on my current policy, I would have been paying over $500 annually, for just liability coverage. I also did a quick quote on esurance.com and the results were about the same. It seems that any traditional insurance company wants to know about all of the drivers in my household and just assumes that everyone could potentially drive that particular vehicle. I do not want to pay that kind of premium for a car that...well, for reasons (d), (e) and (f) that I stated above.
With all that said, has anyone else experienced a similar situation and know of an insurance company that will insure an average, late '80s/early '90s Japanese coupe, which is not a daily driver and which will only be driven by one driver? Or, does that market just not exist because it may not be economically feasible for a company to offer that kind of insurance? FYI, my current insurance company is Progressive, but they offer no limited mileage discount, unless you use their Snapshot, but that is impossible on a vehicle from 1990, since it doesn't have OBDII.
FYI, I did try and search the forum for an answer before I typed up this long-winded post, but my search didn't return any relevant results.
