Insurance Question

[69broncofun]

So I am getting ready to do the title transfer on my 69. Texas charges $33.00 out of state transfer fee and you pay 6.25% tax on the purchase price for vehicle or standard presumptive value whichever is the highest value. So I called the DMV here and she told me all I have to do is pay the $33.00 out of state fee and 6.25% of the purchase price no standard presumptive vaule. Does this seem right to you? Also TX requires you to insure the vehicle even its not running.
"There are very few exceptions, if any, to Texas insurance laws. If you have a vehicle, you must insure it. This includes a classic car that's never driven and a car for someone who's overseas for years. Even non-working vehicles must be insured". Chicken S*** if you ask me. I guess I will just get liability on it. My question is how do you guys insure your Bronco. I have Allstate. My neighbor has hagerty but his truck runs.
Thanks

 

[rjrobin2002]

Hagerty was half price of Allstate. My Allstate branch actually did the Hagerty policy for me. Hagerty asked me what I wanted it insured for and I gave them my number and it was done. I think $200 a year for a $10,000 policy, full coverage, no deductible.

 

[Nothing Special]

I have my Bronco on my standard auto policy with Allstate, since I use it like a normal car rather than as a classic. But since I park the Bronco for Minnesota's salt season I take the liability insurance off it and just have comprehensive on it, basically insuring it against damage if a tree fell on the garage or something. That costs I think less than $20 for 6 months, and it keeps the Bronco on the policy, which keeps me compliant with the letter of the law and minimizes the paperwork of getting liability insurance reinstated in the spring.

 

[Seventee]

Many states have gone this route. Technically Montana requires it also but enforcement is questionable.

 

[chuckyb]

Another vote for Hagerty. I am paying about $130 per year for my Mustang antique insurance and I think I have the declared value set at $16,000. They will require pictures of your vehicle. They told me that stock Broncos are OK for antique insurance but they will not insure it if it's your primary vehicle, off-road machine, etc.

 

[Wyflyer]

The Texas rules

http://www.txdmv.gov/spv-calculator

And yes, they all have to be registered, and to be registered they have to be insured%)
The 72 halfcab out in my shop hanging on the rotisserie has been safely insured for 2 years now

 

[69broncofun]

The Texas rules

http://www.txdmv.gov/spv-calculator

And yes, they all have to be registered, and to be registered they have to be insured%)
The 72 halfcab out in my shop hanging on the rotisserie has been safely insured for 2 years now

I tired to use that calculator but the Vin needs to be 14 numbers letters .:-[

 

[Benny]

So I was in a similar situation about 10 years ago with an MGB that I bought to restore. I wanted to have the title to prove ownership but didn't care about registration. This is where the DMV can't think outside the box. I had a AZ title and wanted to title in Texas.
What I did was told the DMV that the Vehicle was for rally racing and therefore off-road use only and all I needed was to be able to prove ownership. No insurance necessary. Worked like a charm and when the restoration was complete I got it inspected, the normal yearly one not with the DPS as it had a Texas title now, went back to the DMV with the report and now insurance, Hagerty, and got my plates and sticker.
I think it's worth a shot. I really don't see why it wouldn't work.

 

[jw0747]

So I was in a similar situation about 10 years ago with an MGB that I bought to restore. I wanted to have the title to prove ownership but didn't care about registration. This is where the DMV can't think outside the box. I had a AZ title and wanted to title in Texas.
What I did was told the DMV that the Vehicle was for rally racing and therefore off-road use only and all I needed was to be able to prove ownership. No insurance necessary. Worked like a charm and when the restoration was complete I got it inspected, the normal yearly one not with the DPS as it had a Texas title now, went back to the DMV with the report and now insurance, Hagerty, and got my plates and sticker.
I think it's worth a shot. I really don't see why it wouldn't work.

Excellent plan. If it's sitting in your garage and non-operational hold off on transferring the title, registering and insuring it until it's ready for the road.
If question of ownership ever surfaces (which isn't likely) show the current title assuming that it's in the name of the previous owner with the transfer from him to you shown on the back.

Texas has no available option for what you want. They assume a title transfer and registration request is for a vehicle that's going to be driven immediately.

 

[JT3357]

You do not have to register your non-running vehicle when you apply for the Texas title. At the top of the Application for Texas Title and/or Registrarion check the "Title Only" box. This will title the vehicle in your name but not register it for operation on public roadways. You will not be required to have insurance. There is no reason for you to pay annual registration costs and insurance on a non-running vehicle. When I bought my 57 Chevy it was a roller. I did the "Title Only" option. Six years later when I got it running I got it insured and went to the tax office and registered it.

From Texas DMV website, http://www.txdmv.gov/motorists/buying-or-selling-a-vehicle: "If you do not provide proof of insurance, you may apply for ‘title only’."

I hope this helps.

 

[69broncofun]

You do not have to register your non-running vehicle when you apply for the Texas title. At the top of the Application for Texas Title and/or Registrarion check the "Title Only" box. This will title the vehicle in your name but not register it for operation on public roadways. You will not be required to have insurance. There is no reason for you to pay annual registration costs and insurance on a non-running vehicle. When I bought my 57 Chevy it was a roller. I did the "Title Only" option. Six years later when I got it running I got it insured and went to the tax office and registered it.

From Texas DMV website, http://www.txdmv.gov/motorists/buying-or-selling-a-vehicle: "If you do not provide proof of insurance, you may apply for ‘title only’."

I hope this helps.

Yes thanks for the answer. Ok do you think they will have to pay any back annual registration costs when I do register the truck?

 

[Benny]

Yes thanks for the answer. Ok do you think they will have to pay any back annual registration costs when I do register the truck?

I didn't have to.

 

[JT3357]

Yes thanks for the answer. Ok do you think they will have to pay any back annual registration costs when I do register the truck?

No problem, glad to help. No, I did not have to pay any back fees. I just had to pay for the new registration period.

 

[Broncobowsher]

AZ fought me a little as well. Got a truck, doesn't run. To transfer the title they refused to do so without registration as well. So I had to title it, register it, and as soon as I got home I changed it to de-insured/non-op/storage status. The state just wanted the registration money. I've later heard that third party DMVs have no issue doing title only.