Alex,
I can't answer about MA insurance regulations but in looking at a collector
car company, pick one based on how you plan on using your car. Many of them
have strict limits on the number of miles used each year or your intended
car use. I wanted to be able to drive my car as a daily driver, park where
ever necessary and leave it unattended for 4 hours while I play golf. That
immediately eliminated most of the collector car insurance companies. If
your plan is to take it on summer drives or to car shows, then most of these
companies are back in the mix. The other thing to get clear is whether they
are insuring you for "stated value or agreed to value". Based on my needs, I
ended up with AON and the rate was a fraction of what I was paying when I
had the TR6 with my regular insurance company AMICA.
Just a thought...when you say that you think MA sets the rates, do you mean
the minimum coverage you're required to carry? I believe every state does
set their own minimums for liability, medical etc but all that means is you
have to carry those minimum amounts on your policy.
Bob Danielson
1975 TR6
http://tr6.danielsonfamily.org
-----Original Message-----
From: owner-triumphs@autox.team.net [mailto:owner-triumphs@autox.team.net]
On Behalf Of Alexander Delis
Sent: Sunday, April 02, 2006 7:19 PM
To: triumphs@autox.team.net
Subject: [TR] Collector Car Insurance
Listers
I was chatting today with a fellow LBC enthusiast and the subject of
insurance came up. Living in Massachusetts, home of the most expensive
rates in the country, I was surprised when he mentioned that he was using a
company name Grundy for his insurance and that he was paying a tiny fraction
of what I pay to my regular car policy.
Sure enough, I went to their web site and was quoted about a third of what I
pay for one of my cars for both of them. Being a bit cynical, I thought I
would ask if anyone here has had experience with Grundy or any other
collector car insurance. On one hand, it just seems too good to be true; on
the other though, a company that realizes that these cars are essentially
babied by (most) of their owners and really not driven that many miles in
the scheme of things could probably charge less.
The other question I have is that in Massachusetts all (so I am told) car
insurance rates are set by the state-I wonder how they can do this?
Any comments/experiences would be appreciated.
Thanks
Alex
--
1958 TR3A TS33884L
1968 GT6 MK 1 KC10303
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