With Supras growing in desirability for collectors, more owners find themselves searching for car insurance company reviews to get collector’s policies for these beautiful performance sports cars. There are numerous advantages to these policies including:
- Specialized roadside assistance programs.
- Agreed value coverage.
- Flexible coverage for both show activity and leisure driving.
- Lower deductibles.
- Recognition of value appreciation.
- Greater understanding of modifications.
Supra owners would be best served by consulting one of the three top classic insurance brokers:
- Hagerty Insurance Agency - Hagerty has been insuring classics since 1991 and has a reputation for low premiums and flexible usage. They insure a wide range of vehicles and offer agreed value coverage with allowances for leisure driving.
- Grundy Worldwide Insurance Agency - With more than 60 years in the business, Grundy also offers agreed value coverage, unlimited hobby use, spare parts and trip interruption coverage, and 30 day coverage on new collector acquisitions.
- American Collectors Insurance - American has been in the business for 30 years and will write policies on cars as new as 1992. They include a quarterly 2% increase for value appreciation up to 8% total with no added cost. Original vehicles have a zero deductible with 5,000 pleasure miles included.
Working with a company that specializes in collectible and classic insurance will help the Supra owner avoid some of the preconceptions they may encounter from other companies, especially if their Supra has been modified in any way. Regardless of the company, however, remember the things insurance companies like:
- Security devices. Every insurance agent will react well to a car that is securely stored and outfitted with technology to track and locate the vehicle in the event of a theft.
- Limited driving. Even with flexible usage allowances, cars that are driven in a limited manner under verifiable conditions carry the perception of lower risk.
- Club or group membership. Drivers who illustrate their love of and respect for their cars by membership in a driver’s club or organization convey the sense that their car will be loving maintained and protected.
Essentially there are two genres of insurance coverage the Supra owner is apt to encounter:
- “agreed value” or “like for like” - This coverage takes into account the replacement value of the car in the event of a total loss.
- “modifications not covered” - This one is clear. If the Supra has been heavily modified, the coverage will not extend to those modifications.
Of course, the optimal coverage is the agreed value. For drivers of modified Supras, your best bet is to be totally forthcoming about all modifications and to supply extensive documentation to make your case for insurance coverage. Thankfully, however, specialty insurance firms like Hagerty, Grundy, and American will understand what you’re driving and will make sure you have coverage that is both affordable and comprehensive.