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NO COLLECTOR CAR LEFT BEHIND
House Bill 4362, nicknamed No Collector Car Left Behind, offers
collector vehicle owners in Michigan reasonable registration categories
for insurance purposes and fair registration fees based on limited usage
and the ability to drive the collector vehicle for an occasional pleasure
outing. The legislation could result in a savings of more than $1,000 for
classic car owners over five years.
Bill sponsor Rep. Howard Walker worked with Hagerty Insurance of Traverse
City, the leading insurance agency for collector cars and boats in the
United States, to introduce legislation that models similar historic and
collector vehicle registration rules in other states.
House Bill 4362 will have a positive impact on Michigans collector car
owners, the hobby, automotive businesses, and tourism, said Walker,
R-Traverse City.
The potential changes will make owning a collector vehicle more desirable
and will enhance Michigan’s reputation as the Automotive Capitol of the
World. As a result, the 100,000-plus classic car owners in the state will
be able to further enjoy and celebrate a piece of Michigans famous
automotive heritage, said McKeel Hagerty, chief executive officer of
Hagerty Insurance Agency.
Under the proposed legislation, The Secretary of State would issue two
designations of plates for car collectors:
Historic:
(a) 30-years or older, 10-year registration -- $30
(b) 20 to 30-year old cars, 5-year registration -- $100
Collector:
10-20 year-old vehicles, 5-year registration 25-percent reduction from
current registration fee schedule. An example of savings for the owner of
a 1984 Chevrolet Corvette two-door hatch:
Current Law:
1. Registration fee: $113.58 annually
2. MCCA fee--$141.50 annually
Total: $1,275.40 for five years
Under HB 4362 No Collector Car Left Behind:
1. Registration fee: $100.00 for 5 years
2. MCCA fee--$28.00 annually
Total: $240 for five years
TOTAL SAVINGS over 5 years =$ 1,035.40
To receive a classic car plate designation, the owner must first have a
primary vehicle registered under a standard Michigan plate. Vehicles
registered under the three new categories will be allowed to be driven for
occasional pleasure outings, in addition to participation in club
activities, exhibit, tours, parades and similar uses.
An on-line petition is also available to supporters of HB 4362 No Car
Collector Left Behind at www.hagerty.com under the Legislative News and
Alerts section. For more information on the Hagerty Network's model
legislation and Collector Car Appreciation Day campaigns, visit the
Advocacy Avenue section of
www.hagerty.com.
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