Not Ranked
I tried to go with American Collectors. I told them exactly what I have - a 1965 Cobra replica that will be licensed in California as a 2003 model year. $60,000 declared value. They quoted me $292 per year. I filled out the application form and sent them a check and the pictures as they asked. 2 weeks later the apps, check and photos were returned via snail mail asking me to send it to them again but this time to also include anything documenting the year and make of the vehicle and a bill of sale to support the $60,000 value. I faxed them what they needed and then called them. They said the original quote was based on a 1965 model year but since it was going to be registered as a 2003, the rates would be different. I said "okay" what's the rate going to be? $750/year. I said no thanks and called my State Farm agent. They quoted me $340/year for a collectors car policy with a $60,000 value.
I still haven't figured out why the year model would matter to American Collectors. If I'm limited to 2500 miles per year and it has a declared value of $60,000, why should it matter whether it's registered as a 1965 or a 2003?
Chris
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