the_rainman Posted June 13, 2007 Share Posted June 13, 2007 Hey everyone... I bought an 88 Caterham in April and we are putting a Zetec into it right now with Dick Brink in Arlington Texas...At the moment the car is still engineless and unregistered etc... I read the insurance threads awhile back and decided to move all of my insurance (home and other car) to State Farm in preparation for trying to insure the Caterham with them, since i had read lots of good things about using State Farm for 7s...i told the agent that i would be insuring a 'collector car' in a few months and he said Ok... Since then, I had been waiting to broach the whole insurance subject until the car was further along... Was talking to a Bernie Long yesterday and he brought up the subject again, especially given my saying i want to use the car as a 'daily driver'... That's the catch, i want to DRIVE this car a lot, at least 7k per year i am thinking. 5k per year would be the absolute minimum and that would really get to me i think, especially if i move a little farther out in the boonies like i am planning... I want to drive the car to work and back, don't want to worry about where i park it, whether i leave it unattended, etc, etc... That's why i went to State Farm...i figured they would be the easiest to work with on getting a very high mileage limit (or none)... So, some questions... * When should i bring the whole thing up officially to the State Farm agent? * What things should i make sure and tell the agent and what things should i make sure and NOT tell the agent? * I know there are a number of you out there that use your 7s to and from work and also drive them 7k or more per year, Cherik and Michael Dougherty come to mind. What do yall do to be able to drive it 7k or more per year with no restrictions on driving to work, etc? * I know i should NOT tell the agent its a 64 Lotus (thats whats on the engine plate right now). Should i change the plate for insurance reasons to an 88 Caterham? * What do i need to do to make 99.9% sure that the insurance company will replace it for the full stated value? Don't want to create any loopholes for them to disallow any claim or to not pay full value... Thanks! Randy Link to comment Share on other sites More sharing options...
stevet Posted June 13, 2007 Share Posted June 13, 2007 Rainman, mine is with state farm (2000 Zetec). It was originally insured through Parish Heacock, and I had thought only specialist insurers would touch these cars. However, I moved all my other car insurance over to SF a couple of years ago, and my agent wanted to bid on the Caterham, so I said as long as they could match the PH policy - including full replacement value - they could have the business. After a bit of back and forth, they gave me a policy with the same benefits/deductions but at around $250 less per year :thumbs: My mileage limit is 3000 pa, but I'm sure you could go for more. I would not mention that you are using it for commuting - that could be a deal beaker. It helped a lot that the agent seemed to want to get the business IMHO. Good luck. Link to comment Share on other sites More sharing options...
stevet Posted June 13, 2007 Share Posted June 13, 2007 Sorry, that should read full 'market' value, not replacement value! Link to comment Share on other sites More sharing options...
WestTexasS2K Posted June 14, 2007 Share Posted June 14, 2007 They do not consider it a daily driver if you have another vehicle that could be used for daily driver. I don't know that they are going to check the mileage anually. I have had mine with them for 2 years and have about 11K miles on it and no problems. But I dont drive it daily I have other vehicle for that. My favorite saying is "better to ask forgiveness than permission." If you do get involved in an accident just tell them that you were driving it on a nice day a dont devulge to much info. Link to comment Share on other sites More sharing options...
stevet Posted June 14, 2007 Share Posted June 14, 2007 State Farm send me a mileage statement annually that I have to sign and return. Link to comment Share on other sites More sharing options...
slngsht Posted June 14, 2007 Share Posted June 14, 2007 State Farm send me a mileage statement annually that I have to sign and return. I guess I need to come up with an odometer before I call them Link to comment Share on other sites More sharing options...
WestTexasS2K Posted June 14, 2007 Share Posted June 14, 2007 Never received any kind of mileage statement! Maybe it has to do with the state we live in? Link to comment Share on other sites More sharing options...
drew... Posted June 14, 2007 Share Posted June 14, 2007 I actually went with Met Life to combine house and vehicles with abn additional umbrella policy. Caterham has no restrictions on mileage and is insured at the full appraised value. Link to comment Share on other sites More sharing options...
DIYMAN25 Posted June 15, 2007 Share Posted June 15, 2007 I insurace my se7ven too , througth stat farm, but i did not get full coverage, so they did not restric any thing. how much for you guys full coverage insurance any way ? Link to comment Share on other sites More sharing options...
the_rainman Posted June 18, 2007 Author Share Posted June 18, 2007 Thanks for the advice everyone... I will try this week and will be honest but will divulge only the minimum needed... Sounds like i can figure out a way to drive it 10k or so a year and to drive it to work and back one way or the other... If i cant drive it to work, i wont be able to drive it hardly at all given my unique situation (single dad with 2 kids)... Randy Link to comment Share on other sites More sharing options...
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