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Classic Bronco Insurance Discussion
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dsmith01
Official CCB Member
Joined: Wed Dec 29, 2010 3:50 pm Posts: 215 Images: 0
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Classic Bronco Insurance Discussion
Cope Customs - very reasonable in price.
I'll check into my insurance company. I've got the least amount of insurance on it as possible since it hasn't been road worthy in 2 years.
_________________ 1972 EB - Fuel Injected 351w, 33s, detroit rear
My Personal Website -
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Sun Apr 17, 2011 8:00 am |
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akaFrankCastle
Official CCB Member
Joined: Wed Oct 27, 2010 6:25 pm Posts: 4901 Images: 0 Location: Colorado Springs
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Re: Trailer needed
D, I'm sure you are already thinking this, but I wanted to emphasize it for everyone too. Basic liability or minimal coverage is a good cost saving measure during the initial phases of your Bronco ownership. But, as improvements are made and you start putting blood and sweat in to it, you really need to get yourself a good "stated value" insurance policy. Even if it is not yet road worthy. God forbid you put that thing on a trailer to take it to paint and one of those 40mph gusts puts it on its side or in to a guardrail. Val's Bronco is a prime example. The seller of the truck had just completed a frame on resto and wound up rolling the truck on an ice patch before he'd upgraded to full coverage. Zero claim. Zero dollars.
Keep in mind, I did say stated value. Most insurance companies simply deal with actual value policies for full coverage. What this means for you is at the time of your claim, the insurance claims department will adjust your vehicle's value based on original purchase price (a pittance by today's standards) and depreciation since new. Essentially, you could wind up with about 1200.00 for a truck you've put several thou in to.
I'm guilty of not carrying enough coverage, based on my value of my Bronco. I have full coverage, based on a USAA stated original purchase price of 7500.00 (don't ask me where they came up with that number). I do plan to go with a stated value policy soon, I just haven't had the time to find a company and I hate Progressive (USAA's underwriter for stated value policies).
_________________ Stroppe'd 1972 Sport, 302, 3 speed with old school Duff floor shifter, T shift Dana 20 with JB Fab twin stick, 4.11 gears with Trac-loc, Lincoln hydroboost, Chevy disc conversion, WH gas lift gate shock kit, 33" Duratrac tires on slots and about 2.5" of lift, Stroppe installed: bumper braces, dual shocks on all four corners, GM power steering, trans cooler mount, auto shift column, rollbar.
The Terrible One 1972 Sport uncut, 302, C4 with 1974 column , T shift Dana 20, 3.50 gears w/ limited slip, 1966 U13 Roadster kick panel, and factory power steering.
1973 Stroppe Baja project
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Sun Apr 17, 2011 3:21 pm |
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Rox Crusher
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Joined: Sun Oct 10, 2010 5:36 pm Posts: 3980 Location: Roxborough Park, Colorado
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Re: Trailer needed
x2 on the stated value recommedation
Allstate has my business
_________________ 1977 Sport, 351w OBDII EFI motor, 4R70W auto, 4:88 gears, ARB lockers, 3.5" suspension, 33" tires.
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Sun Apr 17, 2011 4:58 pm |
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Moab Mike
Official CCB Member
Joined: Mon Jan 03, 2011 2:59 pm Posts: 1940 Location: Witness Protection Program
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Re: Trailer needed
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Sun Apr 17, 2011 7:08 pm |
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Lobobronco
Official CCB Member
Joined: Wed Sep 29, 2010 9:20 am Posts: 289 Location: Denver, CO
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Re: Trailer needed
Dsmith, I have a trailer, but don't make it down to your area very much (darn work and north location). My wife and I are still out on next weekends plans, but if I am around, I was going to try and get to Jeff's for install of lift. If that happens and you still don't have it resolved, might be worth a dual purpose trip. As mentioned...could be out of town or at work..... Yup...that makes me a flake but thought I would throw it out there :)!
Not to hijack this too much, but you guys bring up good points.
As for insurance towing coverage, I believe as long as you have full coverage/and/or towing that it applies to anything if you are present. I have used my friends AAA a few times and no hassle. Just a thought...anyone have AAA.
I carry full coverage, but I have heard that you should get it appraised so that you do get what it is worth!
Any thoughts....
Also, we could turn this into another thread as it brings up good points with all the hard work people are doing.
Matt
_________________ Her name is Lucy...and well...that's who she is!
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Sun Apr 17, 2011 7:25 pm |
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Justin
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Joined: Sun Oct 10, 2010 12:04 am Posts: 6198 Images: 0 Location: Lakewood
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Re: Trailer needed
I got AAA shortly after I got my truck. It'll cost you less than one tow. My wife has had it for years and has used it enough for it to pay for itself. Mostly she likes having the peace of mind, especially since she spends a lot of time on the road with our kids. We've had reliably good service from them and I'd recommend it. Seems like a great way to get a Bronco back home when things go wrong.
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Sun Apr 17, 2011 7:55 pm |
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akaFrankCastle
Official CCB Member
Joined: Wed Oct 27, 2010 6:25 pm Posts: 4901 Images: 0 Location: Colorado Springs
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Re: Trailer needed
_________________ Stroppe'd 1972 Sport, 302, 3 speed with old school Duff floor shifter, T shift Dana 20 with JB Fab twin stick, 4.11 gears with Trac-loc, Lincoln hydroboost, Chevy disc conversion, WH gas lift gate shock kit, 33" Duratrac tires on slots and about 2.5" of lift, Stroppe installed: bumper braces, dual shocks on all four corners, GM power steering, trans cooler mount, auto shift column, rollbar.
The Terrible One 1972 Sport uncut, 302, C4 with 1974 column , T shift Dana 20, 3.50 gears w/ limited slip, 1966 U13 Roadster kick panel, and factory power steering.
1973 Stroppe Baja project
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Sun Apr 17, 2011 10:04 pm |
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Crazyone
Official CCB Member
Joined: Tue Jan 25, 2011 9:33 am Posts: 207 Location: Aurora, CO
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Re: Classic Bronco Insurance Discussion
Yea, I got stated value on mine. When I wasn't driving it, I had liability only and that cost me $38.00 a month. I started checking around and found that stated value was actually a whole lot cheaper. I got $20,000.00 stated value now and pay $8.00 a month! I couldn't believe it. Country Companies is the one for me!
_________________ You will not see me cry because I do not sing the blues
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Mon Apr 18, 2011 8:33 am |
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crawlercreations
Official CCB Member
Joined: Sat Nov 06, 2010 9:36 pm Posts: 1101 Location: Arvada
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Re: Classic Bronco Insurance Discussion
I have full coverage with stated value at 15000 on my bronco. I pay 270 a year. I have confirmed that if something happens I will not have to come up with receipts and proof of the work done in order for them to honor the stated value. This is something everyone should confirm in my opinion. Some insurance companies will allow you to set a stated value but will require proof that it was actually worth that when/if it comes time for them to pay out. This is much harder to prove after something happens!
_________________ There is a fine line between "hobby" and "mental illness"
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Mon Apr 18, 2011 8:40 am |
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airbur
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Joined: Wed Sep 29, 2010 8:39 am Posts: 1721 Images: 0 Location: Castle Pines, CO
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Re: Classic Bronco Insurance Discussion
For the guys that have Allstate......my agent is telling me they can do a policy, but it has to be appraised first. I take it you guys didn't need to do that? If so, I'll need to ask them a few more questions.
Thanks.
_________________ Sold: 1970 w/427W Injected Stroker
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Mon Apr 18, 2011 11:42 am |
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Moab Mike
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Joined: Mon Jan 03, 2011 2:59 pm Posts: 1940 Location: Witness Protection Program
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Re: Classic Bronco Insurance Discussion
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Mon Apr 18, 2011 11:46 am |
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airbur
Official CCB Member
Joined: Wed Sep 29, 2010 8:39 am Posts: 1721 Images: 0 Location: Castle Pines, CO
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Re: Classic Bronco Insurance Discussion
But is that a stated value policy? I just did a quote with Hagerty and it came out to $271 for full coverage and $15,000 stated value....sounds like a good deal to me.
_________________ Sold: 1970 w/427W Injected Stroker
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Mon Apr 18, 2011 12:07 pm |
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Entourage
Official CCB Member
Joined: Wed Sep 29, 2010 5:45 pm Posts: 3275 Location: Gilbert, Arizona
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Re: Classic Bronco Insurance Discussion
This is a great thread at a very opportune time for me - I need to get insurance and it is nice to have a few companies that will do a stated value. I have all of my documentation and a value in mind. It would be horrible to have standard coverage, get into an accident/theft, then receive Kelly Blue Book Value for your Bronco. Blue Book value is not representative of current values, mods, adds, etc. so stated value is the only logical solution.
I have been reading very positive things about Hagerty. However, I believe there are restrictions for off-roading, miles, primary vehicle, etc. so may have to ask questions and review the small print. I have 2 tickets that fall off of my record in July so I will be paying the big $ until then. This summer so I will be shopping around for cheaper coverage.
_________________ "I truly believe that good will outweigh evil, but there won't be peace on earth until the power of love overcomes the love of power" - Jimi Hendrix
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Mon Apr 18, 2011 12:40 pm |
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Moab Mike
Official CCB Member
Joined: Mon Jan 03, 2011 2:59 pm Posts: 1940 Location: Witness Protection Program
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Re: Classic Bronco Insurance Discussion
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Mon Apr 18, 2011 12:55 pm |
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PonyCorral
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Joined: Fri Dec 17, 2010 2:42 pm Posts: 297 Images: 0 Location: Arvada
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Re: Classic Bronco Insurance Discussion
I have hagerty on both the Bronco and the Mustang...I pay $40 a year for the Bronco because its stated value is the bare minimum $5500, my Mustang is a different story altogether I pay about $300 a year and Its value is more than eight times the bronco. The limitations are 1200 miles a year and you can't make it into a trail rig and expect them to continue carrying you. If you build it back to original with some mods of course you can still get away with it, I have already checked.
_________________ 74 Ranger 65 Fastback
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Mon Apr 18, 2011 11:39 pm |
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Jesus_man
Official CCB Member
Joined: Thu Nov 11, 2010 10:36 am Posts: 5984 Location: California
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Re: Classic Bronco Insurance Discussion
We switched to USAA for our cars and our house a couple years ago. Beat State Farm hands down, whom I had been with since I was 16. But they would only insure a stock early bronco. So after shopping around I settled on Safeco for my stated value policy. Mine is valued around 13k IIRC and I pay $206/yr to insure it that way. Like crawlercreations said, I need to confirm there is no questions ask should my bronco get totaled, but this was the best way I could find at the time to insure it.
EDIT - No appraisal needed. I am pretty sure I told Safeco I use it offroad too.
Edit 2 - Called Safeco and if my bronco was totalled, I would get a check for the amount in which it is insured for. Ironically the value has gone up since I started the policy in '09, but my premiums have not.
J.D.
_________________ 1973 Bronco, 351 SEFI, Locked, discs, 35's ZF-5spd and Atlas 4spd. 235:1 Crawl Ratio. It may be ugly, but it's slow. http://www.ucora.org
Last edited by Jesus_man on Thu Apr 21, 2011 2:38 pm, edited 3 times in total.
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Tue Apr 19, 2011 10:29 am |
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airbur
Official CCB Member
Joined: Wed Sep 29, 2010 8:39 am Posts: 1721 Images: 0 Location: Castle Pines, CO
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Re: Classic Bronco Insurance Discussion
Fyi....I just applied for coverage with Hagerty. On the app I was truthful and mentioned that I would be driving the Bronco on dirt roads (like the one between my house and Highlands Ranch!). Due to me stating that, they denied coverage. If I hadn't mentioned that dirt road, it would have been approved. I'll be taking my business elseware.
_________________ Sold: 1970 w/427W Injected Stroker
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Tue Apr 19, 2011 12:57 pm |
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sbolt19
Official CCB Member
Joined: Wed Oct 06, 2010 10:04 am Posts: 740 Images: 0
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Re: Classic Bronco Insurance Discussion
Hagerty is more of a collector type insurance. Their main clientele is the complete resto crowd. For a street/trail rig, I would just shop around with a stated value. I have California Casualties and asked about the stated value and they want pictures & an appraisal before they give theirs out. But the simple thing to remember is #1 is your rig a show & shine, a daily driver, a DD with some off-road or a trail rig with some DD uses. If it's the show then I wouldn't hesitate to go w/Hagerty. For DD with stated value, shop it. For a trail rig with some DD, good luck. I have a friend who is a state insurance auditor and she says that companies hate insuring trail rigs with some DD use because they know that eventually you are gonna wreck the thing.
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Tue Apr 19, 2011 2:03 pm |
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Crazyone
Official CCB Member
Joined: Tue Jan 25, 2011 9:33 am Posts: 207 Location: Aurora, CO
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Re: Classic Bronco Insurance Discussion
When I got mine through Country Companies, I didn't need an appraisal. My insurance agent came over, took some pictures and asked for my average miles driven per year. Since it's not my daily driver, it wasn't a problem. I pay 96.00 a year for full coverage (no glass) up to 20,000.00.
_________________ You will not see me cry because I do not sing the blues
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Tue Apr 19, 2011 2:11 pm |
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airbur
Official CCB Member
Joined: Wed Sep 29, 2010 8:39 am Posts: 1721 Images: 0 Location: Castle Pines, CO
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Re: Classic Bronco Insurance Discussion
_________________ Sold: 1970 w/427W Injected Stroker
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Wed Apr 20, 2011 7:38 pm |
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Crazyone
Official CCB Member
Joined: Tue Jan 25, 2011 9:33 am Posts: 207 Location: Aurora, CO
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Re: Classic Bronco Insurance Discussion
_________________ You will not see me cry because I do not sing the blues
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Thu Apr 21, 2011 10:10 am |
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airbur
Official CCB Member
Joined: Wed Sep 29, 2010 8:39 am Posts: 1721 Images: 0 Location: Castle Pines, CO
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Re: Classic Bronco Insurance Discussion
I'm working with a Country Companies agent now. They won't insure a Bronco unless they are also insuring your daily driver. They will do an "antique" policy at a stated value of $15K but the cost is around $450/year (which isn't bad) but there are all the same stipulations as far as how much you can drive it and what it's used for. I'm having the agent quote us for all our insurance policies (auto, home, etc.) to see if it's much better than we currently have with Allstate. He did mention that even if we transferred everything to Country, the Bronco would still be around $450/year at $15K stated value.
_________________ Sold: 1970 w/427W Injected Stroker
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Wed Apr 27, 2011 6:02 am |
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airbur
Official CCB Member
Joined: Wed Sep 29, 2010 8:39 am Posts: 1721 Images: 0 Location: Castle Pines, CO
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Re: Classic Bronco Insurance Discussion
Finally got approved through Grundy. $15K stated value for $244 per year. From what I understand from them and from others that have vehicles insured with Grundy, if it's totalled or stolen, they simply pay out, no adjusters etc. Just what I wanted!:)
If you think you have a stated value policy with one of the big insurers, you probably don't. While you can ask for a stated value, and pay more for it, when it comes time to pay out, the adjusters WILL do a comparison with similar vehicles in your area to determine the value....regardless of what your stated value is. Stated value with Allstate, State Farm, Country Companies, Progressive, and Geico means "up to" that value....it does not mean that is what you will get.
_________________ Sold: 1970 w/427W Injected Stroker
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Thu May 19, 2011 6:06 am |
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Entourage
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Joined: Wed Sep 29, 2010 5:45 pm Posts: 3275 Location: Gilbert, Arizona
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Re: Classic Bronco Insurance Discussion
Good to know. I have 2 speeding tickets falling off my record next week so I am going to get started on moving everything to take advantage of the improved rates. I will definitely add Grundy to the list. Thanks for the great info!
_________________ "I truly believe that good will outweigh evil, but there won't be peace on earth until the power of love overcomes the love of power" - Jimi Hendrix
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Thu May 19, 2011 8:56 am |
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charlie101
Joined: Mon May 23, 2011 12:11 pm Posts: 1
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Re: Classic Bronco Insurance Discussion
Are there any insurance companies that will insure a DD for a decent price? Reading Grundy's qualifications, it can't be used for daily transportation. Mike
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Tue May 24, 2011 1:00 am |
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hockeydad4-22
Official CCB Member
Joined: Tue Nov 02, 2010 1:11 pm Posts: 2378 Location: Highlands Ranch Colorado
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Re: Classic Bronco Insurance Discussion
We have ours insured with State Farm right along with the wife's grand cherokee, and the other son's 66 mustang. It is insured as a daily driver as all of them are and honestly - probably the least expensive vehicle we own to insure. We do not cary colision on any vehicle we do not make payments on (that means only the GC) figureing that if it gets wrecked... well we built it once, we can do it again.
State farm also has my business insurance so we get a pretty good rate and service though the two are 100% seperate
_________________ [color=#BFFF40]Greg
If you are the smartest person in the room - You are in the wrong room
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Tue May 24, 2011 6:39 am |
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airbur
Official CCB Member
Joined: Wed Sep 29, 2010 8:39 am Posts: 1721 Images: 0 Location: Castle Pines, CO
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Re: Classic Bronco Insurance Discussion
_________________ Sold: 1970 w/427W Injected Stroker
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Tue May 24, 2011 6:44 am |
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Entourage
Official CCB Member
Joined: Wed Sep 29, 2010 5:45 pm Posts: 3275 Location: Gilbert, Arizona
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Re: Classic Bronco Insurance Discussion
I got a quote from Hagerty for around $350.00 for $20,000.00. I am not planning to go off road nor will it be a DD so Hagerty may be perfect for my situation. I need to add towing insurance and that will take it to around $400.00. I will check Grundy to see if they can beat that price.
Should I get AAA or add towing coverage on the insurance policy?
_________________ "I truly believe that good will outweigh evil, but there won't be peace on earth until the power of love overcomes the love of power" - Jimi Hendrix
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Mon Jun 06, 2011 12:19 pm |
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akaFrankCastle
Official CCB Member
Joined: Wed Oct 27, 2010 6:25 pm Posts: 4901 Images: 0 Location: Colorado Springs
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Re: Classic Bronco Insurance Discussion
Check in to what services your towing insurance under Hagerty will actually provide. In some instances, towing will only get you to the nearest Hagerty approved repair shop. Does the Hagerty policy include things like fuel delivery?
Once you get a good breakdown of what they actually provide, do a comparison against AAA. Or start out by putting the AAA coverage against Hagerty. That will give you a good idea of what to ask for when you are questioning them.
_________________ Stroppe'd 1972 Sport, 302, 3 speed with old school Duff floor shifter, T shift Dana 20 with JB Fab twin stick, 4.11 gears with Trac-loc, Lincoln hydroboost, Chevy disc conversion, WH gas lift gate shock kit, 33" Duratrac tires on slots and about 2.5" of lift, Stroppe installed: bumper braces, dual shocks on all four corners, GM power steering, trans cooler mount, auto shift column, rollbar.
The Terrible One 1972 Sport uncut, 302, C4 with 1974 column , T shift Dana 20, 3.50 gears w/ limited slip, 1966 U13 Roadster kick panel, and factory power steering.
1973 Stroppe Baja project
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Mon Jun 06, 2011 12:39 pm |
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Entourage
Official CCB Member
Joined: Wed Sep 29, 2010 5:45 pm Posts: 3275 Location: Gilbert, Arizona
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Re: Classic Bronco Insurance Discussion
Got a Quote from Sentry Insurance who was doing a fair at my Work's Credit Union. I got a quote for my Renters, my car, wife's SUV, and Bronco insurance. I am very impressed - so impressed that I am scepical. The Bronco is written through American Collectors Insurance, not Sentry. I am going to go thru the fine print and see if this is really true. I will do a little research and let ya know if this is too good to be true. If it is true, I will post up the agent's name and contact info.
_________________ "I truly believe that good will outweigh evil, but there won't be peace on earth until the power of love overcomes the love of power" - Jimi Hendrix
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Mon Jun 13, 2011 2:50 pm |
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