Auto insurance for restorable car

[MAJA]

I am thinking of buying an older '70s model car, and restoring it over time. The problem here in Texas (not sure about other states) is that you have to have proof of insurance to transfer the title of a car into your name. I dont want to insure it just to get the clear title, and then turn around and drop the insurance. Are there any legal tricks or procedures to get around this?

I had thought about insuring it with "Grundage" (sp) or one of the other collector car insurance companies that specialize in collector or antique cars. But i would rather not have to insure it until I am ready to put it on the street.

Thanks

 

[TooManyWheels]

I have heard that there are companies that will issue policies on a month to month basis, but that is still unnecessarily expensive. How about having the previous owner sign away the title, then just holding it until you are ready?

BTW, would you have any interest in a 73 Camaro LT?

 

[VaderSS]

There is a legal way around getting insurance to do a title transfer. There is a Title only form;
ftp://ftp.dot.state.tx.us/pub/txdot-info/vtr/forms/vtr-131.pdf

When you decide to register it, you will then have to provide proof of insurance and inspection.

 

[MAJA]

Thanks VADERSS, that appears to be what I need. And yes TOOMANYWHEELS, I would be interested in the 73. But I feel as if I have too many other projects right now. Thanks for asking.