I have some questions for you folk concerning classic/antique car insurance. I know some of you are antique car & hot rod aficionados so I am hoping you might have some solutions for me.
Moderators, if this is totally out of line please let me know and I will delete this thread. However, my car does have molded fiberglass body panels!
Not a Corvette, a 1988 Pontiac Fiero. Insurance is available for an antique car at reasonable rates. The problem is that I like to drive this car, not admire it sitting in my garage. Antique car insurance limits how & where I can drive it, specifically NOT TO WORK. I was counting on using the car for a backup when one of my primary cars is in the shop. Both my wife and my jobs require that we get to work so having a third car is a necessity.
Normal insurance will value this car at about $3000. Maybe a bit more now that it has new paint
. (Long story, was rear-ended this past spring, decided to repair due to some features of this car that were made in limited numbers.) So I have a lot more than $3000 "invested" in this car.
1. Get normal insurance and accept that if it is damaged in an accident I will not get enough to fix it or cover my "investment".
2. Get antique insurance and accept that I will not be covered if I drive it to work. "Agreed upon value" most likely will not even be much more that book value. I investigated Hagerty, Grundy and JC Taylor.
Before the accident I drove it for 7 years without collision coverage because the book value was so low. But the more I thought about it, I could not let this car go to the grave yard. If my 40 year driving record continues, it will be another 20 years before being in another accident, and it will not be my fault.
Any thoughts on insurance companies that might provide coverage while allowing me to drive the Fiero to work?
Any input is most appreciated.