what does anybody pay for insurance on their minis? what is a reasonable price for a 1961 if registered as a classic? it is worth roughly $9k

 

use hagerity, should be somewhere around 10.00 a month or so.....i used geiko because of some of the qualifications of hagerty, and it ran me around 50.00 a month

 

Most companies offer an Antique/Classic rating for cars that meet the requirements. And no... it's just not a matter of having a 25-year old car or being registered with the DMV as an antique or classic auto.

Using my company's standard (which most other mainstream companies also use), the car has to:

1. Be restored to very near original condition.
2. Be used primarily in shows, parades, or similar events.
3. Not used as a daily commuter.

If it can meet those requirements, you can get an extremely good premium (like $70 every 6 months).

 

I used American Collectors through USAA on my pickup and paid about $120 a year.

 

There's another thread on this either here or at MiniMania; don't remember where. Some insurers, Hagerty included will want the car to be garaged before they insure it.

 

True, mine does. Take a photo of it in your neighbor's garage and send it in if you don't have space in yours.

 

I use State Farm they have agreed value and not all that picky. The car is not to be used as a daily driver though. I pay like $60 every six months.

 

See my post above. That's the company I work for.

It's not exactly "agreed value". The owner states the value of the antique-classic qualifying car. If we can find that value in one of our resources, then that's the value we'll use. If we can't justify the value you think it's worth, we'll have you take the car to a certified appraiser to prove it's worth.

Glad you are with us, minigma ! And no, we're not all that picky, but unfortunately, some agents and underwriters have allowed cars to be rated as antique/classic that do not qualify (based on the 3 criteria I listed above).

 

I use allstate becuase Hagerty has an age limit on who can own and operate the car. My insurance is about 150$ every six months.

 

I use State Farm as well. Mine is not a daily driver, but I do drive it more than classic car requirements so it is insured as a regular car. According to State Farm, it is a 1980 BMW MINI COOPER. The rate is like $400 a year, but I get a multi-car discount with my '06 which is about $200 a year between the cars. So I am only paying about $200 a year with no driving restrictions.