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Once I had located my D and offered to buy
it, the question of insurance came up. I knew that so-called
"collectors insurance" or "classic car insurance"
was available, but I wanted to drive my DeLorean as my regular car! I
called my insurance company (New Jersey Manufacturers), expecting
problems. Surprise! Things went pretty smoothly! The girl on the
phone didn't blink when I said I wanted to add a DeLorean to my policy
and she started to take the required info.
I
knew things were going well when she asked for the VIN and I gave her
my full VIN and she said "wait a second" and then came back
and said "OK, that checks out!" She did say, though, that
she's have to look it up in 'Cars of Particular Interest' since
it's not listed in the usual NADA books.
She told me that they could insure the car as "an average DeLorean."
DeLorean prices in CoPI ranged from $13,000 to $19,000, and so
they would insure it for $16,000. When I said I wanted it
insured for my full purchase price ($20,000) I was told that I'd need
an appraisal, and pictures of all four sides of the car and of the
interior. I took the photos and PJ Grady gave me a letter
indicating the car's value, and that was satisfactory.
What
about the COST? I was pretty pleasantly surprised! My DeLorean was
NOT the most expensive to insure car on my policy! That honor belonged
to my daughter's 1997 Mazda Protoge! Of course, my yearly
mileage was pretty low (about 7000 miles a year, check my Service
History for some proof), and my age is in my favor, but it's about $1000/year to insure my D. This includes collision,
comprehensive, and the same liability coverage as all my other
cars.
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2001-2005 Robert S. Rodgers. All rights reserved.
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I've gotten several emails asking about insuring a DeLorean. 
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