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Can we talk about insurance for really old cars? I'm tentatively looking into buying an early 70's corvette as a project car (something worth sub-$12k at time of purchase), with the intent to store it indoors for restoration. I want to keep it as a fair weather car, and put on probably <3000 miles/year. Is it going to be expensive to keep it locked up in a garage in a non-operational condition? And how much more expensive is it going to be to insure it as a Sunday driver? I'm in the CA bay area, if that helps :]
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Aug 3, 2012 08:12
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| # ¿ May 4, 2024 19:28 |
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Jastiger posted:These are generally Classic Car policies, which are really nice. Often you name how much you want to insure it for. Sometimes it may be a better deal to go with the insurance companies valuation, but it's up to you. Often they'll be year round policies specifically for what you're talking about; driven maybe 4 months a year, often in a garage, and not driven. I've written a policy for 3 GTO's in the same situation for about $445 a year, and these were high value since he restored them. Thanks! That was exactly what I wanted to hear :]
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Aug 4, 2012 04:44
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