When it comes to restored or modified cars, an insurance agent can either be your best friend or your biggest nightmare. Few things are worse that finding out your cherished ride wasn’t insured for replacement value, adding insult to the injury of theft or accident damage.
State Farm Insurance wants to train its agents on the difference between “fully restored” and “modified” collector cars, so it’s built a rather unique 1968 Camaro convertible as a demonstrator. The left side, spayed in Butternut Yellow, is typical of a full restoration; the right side, however, is what a heavily modified 1968 Camaro may look like.
It’s gone to great lengths for authenticity, too. The non-running car has a plumbed nitrous system, so agents know what to look for. The right side gets a single aluminum cylinder head, too, along with a modified intake manifold and hood.
Half the car sports aftermarket wheels, tubular control arms, big brakes and shaved badges (door handles, too), while the other half wears the two examples of wheels and tires that a Chevy dealer would have sold in 1968.
While the car is a training aid for insurance agents, it’s also a way to connect with customers, who frequently need coaching on how much insurance to carry. State Farm’s Earl Hyser recommends insuring a car for its market value, not the total sum of the receipts you’ve collected over the years.
If you’re restoring or modifying a collector car, Hyser advises you to document the process with photos to make insurance verification easier. Also, where you store the car can have a big impact on insurance rates, and a locked garage with no clutter will give you far better rates than parking in the driveway and using your garage for storage.