Cheap low-mileage vehicle insurance

[Quickdraw22]

I've got an old '87 E30 BMW mainly used for autocross, and an '06 GSX-R 600. Both are secondary vehicles. Both would be driven ~150 miles/month, the bike a bit more if weather permits.

State Farm wants $60/mo (basic coverage) for the beat up BMW. For not having any traffic violations in 5+ years, and being over 25, I can't understand why it's so expensive.

To everyone who has extra/low-mileage/sunday vehicles, what company are you with? Hagerty/Grundy won't cover them due to how new they are.

-Dave

 

[FORman]

Allstate has low mileage discounts. I think I'm paying about $100 less for 6 months on my 1970 International pickup. I don't know how much is discounted because of the house and other vehicles.

 

[JadeRaven]

$60/mo is pretty cheap...

 

[Neil09]

Dupre Carrier and Godchaux is the cheapest I know of.

 

[Quickdraw22]

$60/mo is pretty cheap...

I pay $12/month for my MGB...

 

[Neil09]

Mgb?

 

[Quickdraw22]

Mgb?

Imagine a Miata. Now make it British, unreliable, and remove all of the safety features. You now have an MGB.

 

[Booseman]

If you are a Vet check into USAA. If not I don't have an answer for you.

 

[RedStickChick]

I would kill for $60/month. I think I pay closer to $90/month on my policy.

 

[Crippler7815]

I think he's using 'em for low mileage reasons though... 60 a month for maybe 2000 miles a year seems a bit steep?

 

[my-rifle]

GEICO charges me $100 per year for my scooter insurance. They're known for their low motorcycle rates.

 

[general mills]

I use Hagarty's for my 81 Fiat Spider 2000 and pay right around $250 annually for $10,000 payout full coverage. Perhaps the BMW could be insured through there. Where is your MGB insured? I like MGB's, is yours in good shape?

http://www.hagerty.com/

For the motorcycle, I'd go GEICO. My 2005 triumph thruxton is insured there and I pay around $160 annually.

 

[Not4Hire]

Learned to drive a shift stick on a 2000 spider. Legit car by pinnafarina design. (Sp?)

 

[alpinehyperlite]

I pay $12/month for my MGB...

What year? My dad has one. 73 I believe.

 

[Quickdraw22]

What year? My dad has one. 73 I believe.

'70 - the only year with the two piece rear bumper.

The MG is with Hagerty right now, but the BMW is too new to be considered, no matter how low the mileage is - I was just looking for a cheaper option. Why spend so much money insuring something you'll drive 4-5 days a month when you don't have to?

 

[CEHollier]

MGB

 

[alpinehyperlite]

I was wrong. 1977 hunter green with rubber bumpers.

 

[edman87k5]

All of mine are with progressive. No mileage limits etc. I think my corvette is $90/ 6 months and would be cheaper if it wasn't the 5th vehicle and on a second policy by itself (they only allow 4 per policy). My camaro was under $70 /months when it was on policy 1. I don't like the restrictive collector car insurance (only drive on certain days and certain range form home, etc) so I keep everything on a standard high limit policy.

 

[southlaems]

I pay $11.25 a month for $10K in full coverage for a 69 beetle through Haggerty. I move up to $30 a month for basic coverage on a 2000 Crown Vic with State Farm. When you get into the house, wife car, life bundle...... it sky rockets from there. Good Luck. Nice MG

 

[Bosco]

I paid $200 up front for 6 months of coverage with Geico for the bare minimum in Louisiana. That's on my everyday vehicle I commute to work with. Shop around some insurance companies are ridiculous. Progressive went up to $120/month for me and that's what finally forced me to move away after being a loyal customer for 10 years. Couldn't believe Geico was so much cheaper.