Just paid my annual insurance premium for 22 of the antiques... full coverage, stated value and no deductible... $1200 for the year... been with the same company about 35 years back when I just had one Model A.
To put this in perspective... I pay $1200 just to insure my 2002 235 iT daily driver BMW and with my two old chevrolet trucks on that policy it comes to just under $1900 here in California... never had a citation so far so good driver helps...
My oldest is 1905 Oldsmobile Curved Dash followed by several brass Model T's, and assortment of Model A Fords including 4 Roadsters and my Pickup followed by the 1933 American Austin and 1937 Morris and 1938 American Bantam... 1950 Plymouth 1957 Ford, 1959 Rambler, 1962 Corvette, 62 VW, 1967 Fleetwood, several Mustangs/Cougars with a few Plymouths in the mix and a 1973 VW Thing and 75 Triumph Spitfire... plus can't forget the Samurai!
Yes... I am addicted
The caveat with the collector policy is the cars must be substantially stock, must not be driven as a daily driver so you have to own another car or have a company car and clean driving record.... and generally 25 years old... which means my 1985 service truck and soon my 91 Silverado would qualify based on age but not usage...
Biggest issue with a seldom used backup vehicle is keeping the batteries up... I've got a lot of battery tenders!!!
Doubtful it will ever happen... my dream since a teenager was to have a large shop/barn to house all of them... came darn close two years ago and now with California Real Estate prices up 50 to 70% in two years... I'm afraid that ship has sailed permanently...
Thought about moving to Washington and just the relocating the cars would be a costly and bureaucratic nightmare... after 2 vehicles the State would want sales/use tax on present value!... even if I had owned it for 35 years.