Cheap Insurance

[mightymouse]

I am sure many of you already know this, ANYWAY for those of you who don't... Get a car 25 years or older, put in a 400 hp engine. Get it appraised for $100-150. Then get classic/antique insurance for $ 120 for 6 months. Genius plan. oh yeah don't forget to update the brake system and steering with your extra money or risk being an organ donor. Paying thousands just in case something happens sucks

[mightymouse]

Of course you're right. In Michigan, it still works out to be a good deal.

[balthazar]

#1: getting it appraised for "$150" is not necessary- classic car insurance is often in the $150 annual price range for cars worth about $5K #2: 'update your steering & brakes or get killed' is laughable, unless you are talking about a vehicle with mechanical brakes and older. The typical vintage car people reading this are likely to pick up (if any) would be from the '60s or '70s, where no updating of either steering or brakes is necessary. #3: mileage limits are indeed fact, but many people drive well over those limits year after year. If you never make a claim, you shouldn't ever have a problem. In my case, getting coverage for what I have invested into my car would cost me MORE than if I insured it on my regular policy, according to one big classic insurance company that gave me a quote.

[Flybrian]

I like how the Florida DMV will issue 'Classic' plates to anything 30+ years old, whether it be a restored Stuz Bearcat, an original Ford Skyliner, or a rusted-out 1974 Toyota Corona.

[balthazar]

Actually, I think they will make an exception for a toyota corona. :P