I don't have collector/classic car coverage, yet. My 69 currently has the typical actual cash value coverage thru the Auto Club of Southern California with collision, comprehensive, under and uninsured motorist, medical, towing, yada yada yada. ACSC doesn't offer collector coverage with stated value on cars under construction, like mine.

I spoke with two collector car agents from ACSC at a car show about a year ago. The Auto Club offers collector car coverage for stated value, for garaged cars with no mileage or destination restrictions. When my car is finished, one of the two agents will inspect and value my car. They require a Lo Jack system to be installed in the car. I'm a couple of months out from switching my coverage.

I have no proof of other carriers who don't restrict miles or type of driving other than what I read on Mustang forums where folks say they aren't restricted. Having read so many posts of folks claiming no restrictions, I tend to think other carriers offer unrestricted miles and type of driving policies. However, having been an insurance adjuster for 18 years I do know that most folks, including me, don't read their policies.

I do hope you can find coverage which allows you to fully enjoy your Mustang.

Bob

I use Grundy, very low restrictions, stated value ( they raise yearly) and no cost trip insurance (bash runs). I think I pay around $300 year for stated value of $30k.  

Novi Rick wrote:

I have Hagerty.  I pay around $600 per year which is quite a lot more than other states due to Michigan's out of wack no fault insurance.

I think I'd be looking for another State in which to live. 

Sorry, I could resist. And I'm obviously kidding being from California.

Bob
 

Hagerty on 2 Mustangs,  in Illinois.   Policies and coverage vary by state, from what I understand.  Hagerty discounts the rate with the understanding that you are not commuting daily in your classic.  My agent insists that I can drive them anytime, anywhere, including to work, as long as it is occasional, and not on a daily basis.  In addition to cruise ins, I drive to church, restaurants, hardware stores, anywhere, anytime.  I submitted pics, and since the amount of agreed value of each car is not pushing any limits, the policy was written without appraisals.  They have reviewed the driving records of my wife and 23 & 25 year old sons, and all are permitted to drive both cars.  Both sons are actually listed in the policy, by name. I do have to annually prove that there are 4 insured other daily driver cars in our household.  The unrestored 65 GT FB rate is under $300 per year, including Hagerty's premier coverage, that guarantees a flatbed tow truck with soft straps, if necessary.  The 66 coupe in primer is $125 for lower agreed value and no road service.  When I sent pics of the 66, I got a phone call from Hagerty to discuss the car.  They recognized the 32V supercharged engine and roll cage and asked if it was street legal (it is) and they told me that I would need to buy their "track day" coverage if/when it was in competition.  I am covered for driving and cruising, but NOT racing.  I appreciated the heads up, as it will get some autocross time, at some point.

Thankfully, I have never had a claim, so I cannot speak for their service, but my agent (who provides excellent service) says they are very good to work with, if you have to......

Novi Rick wrote:

I drove through Bakersfield back in May.  It was hot as hell!  Wouldn't want a steady diet of hot like that! LOL

Neither would I. Ya, early May was hot this year and we hit 104° on the 4th. We get about 30 days a year that hit 100°.  With humidity rarely higher than the low teens when hot it's bearable. You gotta try to get things to rust here.

Called my agent buddy at the Auto Club today. He said the stated value policy is around $150-$160 a year as opposed to the $300 I'm paying now, but I'll lose the $100 25% discount for multiple vehicles for some reason. He'll come out when I call him to take pics of the car and send them to underwriting with a stated value I pick. Underwriting will compare my car to the NADA guide to make sure my value is in line.

Bob
 

I have had a great experience with State Farm. I have never had any problems ever with them.

TKOPerformance wrote:

Stevo wrote:

I have had a great experience with State Farm. I have never had any problems ever with them.

Me too.  My agent is a great guy, and I can reach him any number of ways if needed.  I had a homeowner's claim due to a tree falling on my house.  He offered to come over at 10:00 the night it happened in the rain to look at it if I needed him to.  Instead he came out the next morning, claim was processed quickly, and I had a check within 5 days.  Found a bit more damage once we got everything cleaned up, wrote a brief summary of that, and had another check for the balance shortly thereafter. 

This is why I'm a big proponent of dealing with a real person face to face for insurance vs. using internet companies, etc.  You may pay a little more in premiums, but when something happens they care about making it right.  They take the time to explain the various coverages you need to carry as well, and want to make sure you are fully covered in case something were to happen.  To me that's worth another 10% a year in premiums. 
 

I could not agree more! Nothing beats having a real live agent to deal with. I just love State Farm. Could not speak more highly of them!