Auto and Car Insurance

1988 Iroc Camaro classic insurance for an 18 y.o.?

I priced the car on my own policy as a daily driver car, it's 140 a month. My dad pays 50 bucks a year for his 67 camaro so i might pay about 100 or 150 a year for mine on classic insurance. My question is...are there companies you know of that give classic auto insurance on 20 year old cars for drivers with only 2 years drving exp or are only 18? alot of campanies require the car to be 25 yrs or the driver to be 20. Any companies you know that give classic to 18 year olds? well its a mint iroc, i have a daily driver and it is a show car, not just older. only 34000 miles on it, got it from the original owner, worth 9000, i dont want just regular liability do i? i only drive it maybe 2k miles a year

Public Comments

1. No insurance company that offers classic car coverage would afford it to an 18 year old living with their parents. Classic coverage has strict no-driving rules which prevents you from using it on the roads. It's meant for show cars, not old cars. $140/month for your age and that IROC is quite inexpensive for full coverage. You basically have to suck it up till you're 26.
2. Hi, Good post. I had some problems with my car after I had an accident. My Insurer wanted to raise my rates $525 a year! I've never even gotten a speeding ticket! I looked for a new provider and found this website: http://www.help-my-rent.org They compare all of the major insurance providers and give you the best deal. I ended up saving over $300 from what I was previously paying (that's $825 a year!). Good Luck
3. I honestly don't know if there is an insureds age limitation. I use American Collectors Car insurance - not sure if they say at their website: http://www.americancollectors.com/, I do know that they insure my 85' and 88' Vettes along with a bunch of earlier stuff. Remember two things, there usually is a limit on the mileage you can put on per year, and I believe they required me to verify that I had another car as a daily driver. I guess you could lie about that, but then if something happened and they could prove you lied, they probably wouldn't have to cover you. Also, the actual amount you pay is somewhat based on how much you value the car at - known as agreed value insurance. For instance I have a near basket case Aston Martin that I have valued at $65k because that's what it would cost for me to replace it if the barn burns down. Therefore the insurance on that is more than on my 85' Vette valued at $8k. My guess is your father doesn't have a very high valuation on his Camaro or has an even more restrictive policy regarding use. Good luck.