Classic Car Insurance

[D575]

Hagerty $186.00 yr. $30.000 ... My car is Garaged, but I didn't have to prove it.

 

[69roadr]

Does anyone have any stories about when they needed to make a claim from Hagerty? Good or bad?

i had a claim with them. emailed them the quote for repairs, and they quickly got on the phone with the repair shop to negotiate lower price. they did however pay the claim promptly.

 

[Tempest 455]

I use Heacock. One car is 100% stock and the other heavily modified. Both are almost same premium on same stated value. Heacock is one of the few that does not seem to car about modifications.

 

[sandbagger]

I had haggerty for years and they started raising my premiums and wouldn't insure a newer Vette. I switched to Grundy and they insured the Vette no problem and all my other classics.....nice cost savings over haggerty also.
Grundy does require no one under 25 driving my classic cars.

 

[72Fourspeed]

I use my regular insurer, Safeco. 20k agreed value on RR, has to be garaged, 5k miles. $17 per month.

 

[mutt71]

I called Hagerty direct and was quoted over the phone for $256.00, a year and it had to be garaged, or they wouldn't touch it. I needed a copy of the lease agreement and a photo of the car in the leased garage.
I called my y Local Insurance agent. they have Hagerty as the company that they use for Anitique cars. I got the same story from them on the storage requirements and they quoted me $306.00 fo0r a year! I asked them why the difference, and got nothing but mumbo jumbo. The agreed upon coverage for my 1969 Satellite Sport is $18,500.00. BTW I live in Mashpee, Massachusets (Cape Cod)

 

[Gone]

Does anyone have any stories about when they needed to make a claim from Hagerty? Good or bad?

Never a claim, but a couple of tow trucks. No problem either time.

 

[bigmanjbmopar]

What company?

I have hagerty and I have the option of keeping the 25k value for 260 or get the up sized vale of 30k for 313 a year. going with the 30k this time only because they are willing to pay me 30k for my car which in reality is only worth about 10-12 so win for me if it wrecks. lol

I have mine at a stated value of 99,000.00 and my premium is 245.00 per year. I think variables include, other cars insured, home owner, how many car garage, where you live, detached garage, other collector cars, age, etc...

 

[Bobo]

I'm with hagerty 450$ per year 1965 c0ronet 500 modified narrowed rear 25k value palm beach fla hell i was happy to get that till i read what others are paying wish i did not know now

 

[sjmedine]

Had Hagerty, car got keyed in driveway betwwen 8-10am,made mistake and told
them it was left out one nite. Canceled the next day, but paid 1,500.00 to fix. It is old paint and entire car would to be repainted, so you need to keep it in enclosed
garage always. I am checking with Heacock , but in mean time on liability with
my regular insurance what a trip!!! Good luck, check with all to get best deal.

 

[GetX'd]

I called Grundy for another option quote. They so far have been the lowest for me at $327 for $45,000 in Agreed Value. Garaged, modified, no mileage restrictions as long as it wasn't used as my daily driver. They seemed pretty liberal on what/when you can drive it. Wanted color pics along with the other typical underwriting info.

 

[monaco66coupe]

I agree with Patrick66. I have Nine cars, full value at 220k total value. I pay 1,025.00 a year with Hagerty. I am In Nebraska, but I do agree the location, risk rates, and credit ratings, as well as loss rates based on area greatly affect what you pay. Upon renewal, I called Grundy, and they were over $600 a year more, plus they wanted all my cars, regularly driven.
They weren't even close.

 

[GetX'd]

I've been in the property and casualty insurance business for 35 years. I can tell you from real experience (and the above proves it) there are very few similarities when it comes to these companies rates. The risk factors are generally the same for a given area but every company has their own actuarial view based on their own experience with that area. Case in point is my one car, securely garaged in a very safe suburb of Minneapolis and Hagerty wanting $1009 vs Monacco having 9 times the cars with more than 4 times the values for $15 more.

Insurance is is a complex game and it definitely pays to shop around! I certainly am. And so far Grundy is the lowest price with the most liberal coverage I've found. Apparently in NE it's the opposite. Go figure!

 

[MarPar]

I've been in the property and casualty insurance business for 35 years. I can tell you from real experience (and the above proves it) there are very few similarities when it comes to these companies rates. The risk factors are generally the same for a given area but every company has their own actuarial view based on their own experience with that area. Case in point is my one car, securely garaged in a very safe suburb of Minneapolis and Hagerty wanting $1009 vs Monacco having ��9 times the cars with more than 4 times the values for $15 more.

Insurance is is a complex game and it definitely pays to shop around! I certainly am. And so far Grundy is the lowest price with the most liberal coverage I've found. Apparently in NE it's the opposite. Go figure!

How do you know if it's apples to apples though?

 

[GetX'd]

Of course you have to compare you're apples to another companies. I want to know what coverage I'm getting for my $$. You can always buy inferior coverage for less Money - if fact you can buy inferior coverage for more money. I've seen it many hundreds of times. You have to know what your policy includes and excludes which isn't always easy for the general public. People most often look at price and values covered. The trick is covered for what, when and where. Not always simple.

 

[MarPar]

should all be written out in the policy, right?

can you see the policy (or at least what it contains) before you buy it?

 

[dieseldazzle]

Agreed value of 25k and 1,000 miles a year costs me 360 a year in florida

 

[monaco66coupe]

I would like to explain further my experience with Hagarty, as my experience is that the more cars you have, the cheaper it is. my first few were more per $10,000, but as the numbers grew, the discounts Increased. there is no Liability charge past the first car, which helps. The 71' Demon was valued at 8500.00, and cost $60.00 per year. That is $75.00 per $10,000. My coverages are the same as State farm on my regular drivers.So, The $30,000 GTX per thousand in Value costs more to me than the demon, but they know I can't drive them all at the same time. Just to compare, State farm wanted $450.00 a year for my 67'GTX. They also wouldn't discount much for numbers of vehicles.
So if what I stated sounds cheap, it is because in the end, total value dictates the rate per $10,000. Grundy couldn't come close to that plan in my case. They were also very arrogant on the phone, and dismissive regarding Hagarty. As a sales person, I found that offensive.
hagarty never had an attitude. This is just my experience, after four years with hagerty. And I agree USAA sucks big time, in all areas, Mortgages included.

 

[GetX'd]

should all be written out in the policy, right?

can you see the policy (or at least what it contains) before you buy it?

Underwriting guidelines are never open to the general public. But policy language always is. I'm trying to read into what you're asking Mar. A company should be willing to send you their policy forms for you to interpret before buying. The problem is the difference between claims and underwriting. Claims pay the claims. So they strictly interpret policy language. Underwriters make acceptance or denial of inception of coverage and price it. So you have a couple of different factions working on your policy.

The he simple answer is if a company won't let you see their forms - don't buy their policy.

 

[mosquito13]

Yep the Hag was great to me. Car got stolen and their adjuster was out two days latter and cut me a check. The adjuster put me on the 1/4s and door i needed too. How much do you pay on your everyday car, maybe there is more to the story ?