[Snoman]

Originally Posted by Mac-427

I have a Collector Car policy with Berkeley insurance. $75,000 agreed value for around $800 per year. Other provisions of the policy are the usual.

^^^ Winning

Originally Posted by Mac-427

I have a Collector Car policy with Berkeley insurance. $75,000 agreed value for around $800 per year. Other provisions of the policy are the usual.

There is not one other provision of a collectors policy that is even remotely "the usual" of standard insurance.

Many have mileage limits, some don't
Most have driving limitations, you're not taking your Z to the grocery store
All have superior coverage limits, most starting at $500k/$300k/$500k or if you're lucky, single blanket coverage starting at $2MM.
Most will cover up to $10,000 in tools and spare parts in the garage
Most guarantee flat bed towing up to $1,000 flat charge
Most come with road side assistance

Originally Posted by LateBrakeU2

Get a quote from a collector car insurance company, you would be shocked how much less it can be for like coverage(provided it's not going to be your DD) My Z was around 400.00 per year,and stated insured value to boot.

Call them back and verify your stated value, $400/yr seems low for $50k

Originally Posted by Dezines

Shadowhunter your accident was at-fault, they didn't throw you under the bus. Had the person hit you, they would be at fault, but because you "chose" to swerve and got into an accident your actions caused the accident, not the other persons. I forget the actual term but according to insurance law your actions caused damage. I am not saying it is fair, I am telling you how the law looks at this instance.

Let me give you another example. Hitting an animal will not raise your insurance, its a comp claim because "animals are unpredictable". If a deer runs in front of you and you hit them it is a comp claim and will not effect your rates. If you swerve, hit a pole and total your car, that is an at fault accident because your decision to avoid a situation caused the accident.

The moral of the story is if you have a choice to hit the person causing the accident or ditch. Aim for the idiot driver not the pole. That is what I took away.

-Former insurance agent.

While this may or may not be true for your state, it's not entirely accurate. How claims are handled vary by state to state, company by company and even varying by adjusters.

Originally Posted by 68camaroz28

Steve does State Farm offer "declared value" on your car? If not, its what they say its worth at the time of accident. Our declared value is for what I paid for the car new and I'm paying $500 a year but have other muscle cars on the policy.

Yea, no. Standard insurance coverage is going to give you whatever the state law orders them to give as the bare minimum acceptable by the State Insurance Commission.

In Texas, this is going to be less than $40k (Black book trade in, less ~5%). Some companies in Texas will offer a 10% replacement value addition rider for free, so you'll get $44k.