Pantera insurance and registration?

PCNC member Mark McWhinney registered his Pantera as a Historic Vehicle (CA). You may wish to contact him directly to learn more about what was involved and what restrictions are imposed by the state. His email is msm@portata.com

Excerpt rom the CA DMV website (http://www.dmv.ca.gov) and special plate application (http://www.dmv.ca.gov/forms/reg/reg17a.pdf)...
"Historical Vehicle - Vehicle may only be driven in historical exhibitions, parades, or historic vehicle club activities"

FWIW - I have my Pantera registered as a regular car (the standard registration process) and I have AAA for insurance. I can drive it anywhere any time. If I recall correctly, my rate allows up to 10,000 miles per year, but I'm only putting on about 7,500 each year so far. I just got a quote from Hagerty for 5,000 miles per year and it was $326 (or something close). Pretty close to the AAA rate, however the Hagerty quote was for significantly LOWER coverage amounts. I need to call them and talk to a rep to be sure I'm comparing apples to apples.

Cheers!
Garth

I insure mine through AARP. They must figure I am too old to be reckless. They figure right, by the way.

I have mine registered with historical plates in CA ( 2 years now ), The DMV fine print reads,,,, can use car for cars shows, club events, parades and to maintain the car.


When I read “Maintain, "Exercise" the car” I went for it, I drive my car anywhere I want too, never had any trouble with the Police, I have been pull over and received a speeding ticket and the cops did not say anything about the plates. It lowers the Registration $$$



Hagerty..........

Thanks for the response guys. I'm going to follow up now and see what happens.

I insure mine with State Farm as a antique or classic motor vehicle with a declared value of $40,000. Per my agent, I can drive it up to 7,500 miles per year eventhough on the policy it doesn't state the exact milage and it is covered under my liability umbrella with State Farm...only $302 per year. The policy states "Cover applies only when you car is used in exhigitions, club activities, parades or other functions of public interest and occassionally for pleasure and business." Not sure what the advantages are for different registrations?

Didn't California declare that vehicles over 25 years old were exempt from emissions testing?
I think so. If they did then there is no value in historical license plates. You just need your State Safety inspection.

I have Hagarty as well. It is stated value and you have to insure the car for a minimum of $50,000.
There are no restrictions other then you have another car regular use and do not drive your "classic car to work" and no one under the age of 18 may drive it. So that leaves out my wife, uck, uck (joke here).

What's nice about Hagarty is you can add or drop cars from the policy at will, over the web site if need be.

They had no problem with the Webbers sticking up through the decklid and the 180 degree headers barking out the back either. Great people.

For Pantera owners it is best to have “agreed value” insurance. Here is an article that might help http://www.panteraplace.com/page101.htm

Mike

You really should do a search for prior discussions of this. Lots has been written.

In short, you need to get an AGREED value policy, not a STATED value policy.

You can state any value you want, and the company will charge you accordingly. BUT if the car leaves home without you, burns to the ground or is totaled, you will start a long battle trying to PROVE your stated value is correct for your (now missing?) car. Company will do a comparision value check, find two survivors that sold for $27K and $28K and offer you accordingly. Up to you to prove otherwise, and with potentially no car to evaluate you are up the creek.

Now, you can be smart and get an AGREED value policy. Again, you can pick the value and pay accordingly. If you pick any reasonable amount, you probably won't have to justify it. It is just what is says - AGREED. If the car disappears, that is the money you will get. Period.

I strongly advise you get a professional appraisal of your car, collect and document with written descriptions and photos all aspects of your car and offer copies to your agent.

I collected $35K in repairs from State Farm 11 months after purchase without nary a wimper or remark. I have a $45K agreed policy, classic auto, and pay about $400 a year. I have ALL my insurance with them, by the way.

Larry

Thank you Larry, that is extremely good advise....for those of us who aren't LAWYERS (not saying you are) the terminology can really come back to BITE you hard. But that is the day and age we live in. I will be calling my State Farm agent right now.

I have my car registered with state farm as an antique. Insurance is pretty cheap at like $220 per year. No mileage or driving limit. In Illinois, I could also get antique tags for $45 for 4 years.

[QUOTE]Originally posted by PanteraDoug:
Didn't California declare that vehicles over 25 years old were exempt from emissions testing?



Yes, no smog testing


[QUOTE]Originally posted by PanteraDoug:
I think so. If they did then there is no value in historical license plates. You just need your State Safety inspection.



Help me out,, I don't get it, safety inspection -V- Plates ???


The H-plate lowers Reg cost per year

I believe the current law in California excludes cars built before 1975 or 1976 from smog tests. No more rolling exemption

Art

[QUOTE]Originally posted by PanteraDoug:
Didn't California declare that vehicles over 25 years old were exempt from emissions testing?

I don't believe that NY Historical plates are any cheaper then regular plates. I looked at that last year and need to refresh my own memory.

In NY what you do is find a set of plates from the model year of your car and then you can register them with the state if you have an historical vehicle.

Last I looked they had useage restrictions and did not exempt the car from either an annual vehicle safety inspection or an emissions test if the car is newer the 25 years old.

Therefore for me there was no value in going that route.

Excellent point on the stated value/agreed value policies. Yes I'm aware of that, as per our previous discussions, and I have agreed value with Hagarty.

It was just a slip of the keyboard on my part.