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My old CRX was "totalled", meaning they cut me a check for the value of the car, and let me buy it back for like $250. I had enough money to not just fix the damage, but have the whole car repainted and buy some goodies for it. I say let 'em total it, it works out pretty nicely.

If you want to pay for it and your car is worth it, you can get it appraised and insure it for the appraised value, or insure it as a show/custom car...but I don't think it's worth the extra money.
 

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Liability only. The premiums are way out of proportion to the benefits with full coverage. I would be curious what specialty insurance goes for but I bet it ain't cheap.
 

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I would think that it would be cheaper. If you are going to insure it as a specialty car, then you obviously realize its value, and are going to take better care of it. Also, classic insurance limits the milage you can drive per year.
 

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You can get special insurance, and really it's not all that costly. However, there are car age, mileage driven, and garage requirements that usually are not the easiest to fulfill. Some companies ease up on one requirement like age, so you can insure a newer car, but then you can barely drive it and it must be indoors all the time and vice versa.

A friend of mine has speciality insurance on his '95 Trans Am Comp T/A, and the restrictions are strict on what he can do with the car. If he drives it too much or does something the company doesn't like, NO coverage. Kinda scary to me.
 

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coz said:
Ryan, If they total mine and let me buy it back for $250 I wouldn't make out on the deal.
A check for the blue book value of the car minus $250 PLUS the car is a good deal to me, so long as I can buy some used parts or otherwise fix the damage for less than the value of the car (pretty likely if it's a *small* accident like you mentioned). If your car isn't insured for the value that it's worth to you, why not have it appraised and insured for what it's really worth?
 

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Most specialty insurance usually stipulates that the car won't be driven over 10K a year (or less) and is not the owner's primary vehicle. It's not a replacement for regular insurance. Sure they'll pay more if you total your car but it's expensive for every mile driven. It might be worth it if you have a ton of time and money invested, it's a second or third car, you don't race it (specialty insurance forbids tracking insured cars). I know all this because my father in law did alot of research looking into it for his Porsche 928 before deciding it wasn't worth paying for insurance that didn't want you actually driving/enjoying the car........
 
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