Quote:
Originally Posted by twitchyzero
does a 49cc moped count as a primary vehicle?
I never understood why collectors' coverage is drastically cheaper...aren't parts harder to find = more expensive payout?
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No. First of all, you usually need to buy agreed value insurance. Just because it's old (25 years) don't mean it's worth a lot of money. Getting collectors plates doesn't mean your car is worth anything significant, it just means it's old enough to qualify and it's in decent shape, really.
These plated cars typically see 1/10 of the raod time a normal car does. So it's cheaper to insure.
There are 90's miatas running around with collectors plates that are worth a whopping 5k on the used market. There are some real pieces of shit with collectors plate on it that I wouldn't pay 3k for.
I'm applying for collectors plates, but I also have 3nd party insurance. Basic from ICBC ($3-500) and30k in event of total loss though Hargrty.
ICBC will be happy to total your car, they are not going to run around chasing down a rare headlight for you. You either get the car appriased, and have ICBC insure it for the agreed value or you go 3rd party.