Insurance provider for 89 SHO?

Discussion in 'SHO Related' started by Raven SHO, Dec 2, 2018.

  1. Raven SHO

    Raven SHO On my second black 89 SHO... 16 years later!!

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    Hi! So, my SHO just turned 30... and I got a letter from Geico saying they won't insure her any more ... I am assuming it is her age.

    Any ideas???

    Mike
     
  2. luigisho

    luigisho SHO Member

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    shop it around. Maybe hagerty will take it but I'm not sure what their criteria are. daily driver?
     
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  3. 2BadSHOs

    2BadSHOs Freday-day

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    Really?! What was their reasoning? Do you have classic car insurance or more than liability on it?
     
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  4. tech10002

    tech10002 SHO Member

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    Hagerty would be my vote too. They don’t have a mileage limit, but they require you have another primary car and they want the classic garaged or at least under covered parking. I got a quote on our Mustang, and it was about the same price as USAA, but the total loss coverage amount was probably $5000 higher than we’d get from Usaa if the car got totalled since you agree on the amount ahead of time, and our Mustang is a pristine garage queen and worth a good bit more than book. If you can meet their conditions, I bet they would insure the SHO.
     
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  5. RonPorter

    RonPorter Old Dude

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    Typical Geico BS.........

    When I went to insure my 89 in 2008, Heacock was the only one to take it, and I stayed with them. I have an Agreed Value policy. Main issue was that it wasn't 25 years old, and not a special interest car.

    Friend of mine who sells insurance tried to get me with Hagerty. At first they wouldn't, as it wasn't 25 years old. Then they agreed, if I got an appraisal, but I already had Heacock.

    As was mentioned, there are restrictions if you want collector car insurance, but it is significantly cheaper. Any of them will take you, now that it's 25+ years old.

    If it's a DD, there are other regular insurance companies that will take you. And I've heard that some will even do Agreed Value for collision and comprehensive. Shop around.
     
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  6. SHOdded

    SHOdded SHO Member

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    If only we had reproduction bodies for the SHO like they do for the Cobra LOL. I could see me going with that option over classic car insurance :nut:
     
  7. Airborne

    Airborne SHO Member

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    My daily drivers and truck are with USAA, however they dont do classic cars.

    I have classic car insurance with American Family. They require an appraisal and they have different tiers for how many miles a year you drive, I believe from less than 1000 a year to 5000. So, won't work for a daily driver. However, if something happens, they pay the appraisal value, not blue book. It could be a difference between $5000 and $800 or less for blue book. Really inexpensive too.
     
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  8. luigisho

    luigisho SHO Member

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    All those insurance companies have their own actuarial criteria and other guidelines. Get on the interwebs and put your info in and get some quotes and compare. Collector or daily driver you will find someone to take your money. I bet the crappy elephant insurance I have would insure a moped with a phantom grip lsd. I have it because it's cheap but I hear they are terrible.
     
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  9. Eric B

    Eric B New Member

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    Mine is a '93. It's no longer a daily driver and I have 6 other cars with Hagerty so I called them. They would not insure it. Apparently they don't consider it a "collector car" or anything of the sort. I am thinking of taking my 7 cars to another insurance company.
     
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  10. wkienzle

    wkienzle New Member

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    My 1990 is insured with State Farm. When I stopped using it as a daily driver, they let me get a declared value, IMGP0040 (2).JPG classic vehicle policy, so my premium is about $60 twice a year.
     
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  11. Airborne

    Airborne SHO Member

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    That's what I am paying, about $10 a month per car.
     
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  12. tech10002

    tech10002 SHO Member

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    Hagerty definitely doesn’t require cars to be 25 years old anymore. I have a quote sitting in front of me on our 2012 Mustang.

    I can’t believe they don’t consider the SHO a special interest car. I don’t know how much more special or rare they want a car to be. I have seen maybe 1 or 2 others around my area. I have seen more Ferraris than SHOs actually.

    We have a big monthly car show around here call Somer Nights Cruise that has a big Mustang event we usually bring our Mustang to every year. Any muscle car, classic, or special car is welcome so I emailed them about bringing the SHO and the Mustang together and they would not accept the SHO. It pissed me off, and I haven’t been back since.
     
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  13. DJSHO91

    DJSHO91 SHO Member

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    I've got my 91' insured through Progressive , but I only carry Comprehensive and Collision coverage!
     
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  14. RonPorter

    RonPorter Old Dude

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    This was when the SHO was 20, and they finally agreed, with an appraisal. Hagerty never had the 25 year rule, you could insure a new Ferrari or Viper right off the showroom floor. SHO apparently isn't considered special enough until it's 25.
     
  15. RonPorter

    RonPorter Old Dude

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    Was this within this calendar year, when your 93 was 25 years old? If not, try again.

    I've had Heacock, now called Heacock Classic, for 10 years. They offer a nice package at a great price. I would use them again in the future with other cars. Hagerty might just be getting too big.
     
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