Grundy and Hagerty seem to be the big players in the Classic Car Auto Insurance market.
If your S is insured with either of these companies, why did you choose one or the other?
If you chose another company, which one did you chose and why?

 

I have it for my Supra. I used to have Rally (American Modern) but they wanted to double my rate so I left them. I'm now with Grundy, it's quite cheap and seems legit. Hagerty is way too expensive I think, the rate is like 3x other quotes.

This is for agreed value policies. I'm paying about $400 per year for 65k agreed value.

 

I'd recommend that you check out as many options as possible.I initially had my S2000 insured with State Farm (they insure pretty much everything else of ours). When I inquired with SF about an agreed value policy they first wanted me to have the car inspected by a company that was in the business of classic/collector cars and gave me a couple of places that were acceptable. When I called those places up, I didn't tell them I was with State Farm, but asked each of them who they thought was the best company that they had dealt with when it came to taking care of their customers. Both responded instantly without pause, Hagerty. So that's what caused me to look into Hagerty,

Make sure that you comparing like-policies. In addition to all of the regular insurance variables, make sure that you are considering these other things: The type of policy and exactly what happens in the case of a total loss situation. From my experience with State Farm, I can tell your that their agreed value policy was not at all the same thing as Hagerty's guaranteed value policy. Essentially, State Farm agrees to the value of the car, but doesn't agree that they'll pay out that much, lol. Hagerty guarantees that they'll pay out the full amount that you insure the car for in the event of a total loss situation. They also seem fairly lenient on what the car's value should be set at based on my experience. In addition be sure to check out things like if there are mileage restrictions, usage restrictions, storage restrictions, etc. Also look into how happy existing customers have been with the payouts when needed (how do they treat customers when they've needed them the most). Good luck!

 

interesting...maybe I'll check hagerty's rates again. I haven't gotten much feedback because nobody really had anything happen to their cars so no one knows how well the companies would treat you.

 

FYI: I definitely wasn't knocking Grundy by mentioning my satisfaction with Hagerty. Grundy is likely a better choice for some. Just have a look at this thread that I started a couple of years ago when I was still contemplating Hagerty Insurance. You'll find that there were quite a few guys that were really happy with Hagerty but also quite a few others that didn't receive such a favorable nod from them. That's why my advice was to check out a variety of options. If I knew that everyone would be as satisfied with Hagerty as I am then I'd just flat out recommend them. Sadly life is never as simple as we'd like it to be and so it goes with insurance (which some no doubt consider to be more complicated than life itself).

 

I too like to always explore options to find something better. I just wish there was a way to find out definitively if one insurance company treats its customers better than another.

 

I use American Collectors. Not as large or well known as the other two but they have an affiliation with USAA (where I have my other cars insured) that allows my umbrella coverage to apply to the S2K.

 

I use Hagerty. I am paying a little less than Progressive wanted for coverage on the S, and get agreed upon value and have the 60 mile tow and roadside service option. So it was an easy choice.

 

I use NCM Insurance Agency for the S2K---they were cheaper than Hagerty and local for me. Insured value at $26,000. Unfortunately The S2K wasn't as cheap as the '69 TR6....

but I use Hagerty for my '93 Toyota 4x4. both companies insure for agreed value....NCM wouldn't insure the Toyota as a classic....I new it was a stretch with the Toyota it is worth SO MUCH more than book which is probably $3.5K to $4K....but actual value is $12,000..they do bring that for good ones, which mine is.

The agreed value is why I need collector car insurance....if insured with most companies they go by Kelly BlueBook and if you're car is low miles then collector insurance is the way to go.

 

I insure 2 vintage cars and the Honda S (classic) with Hagerty, but check out JC Taylor because I believe it is a bit more liberal in how you can use the car. With Hagerty, you are supposed to drive the car for club activities, meets and shows. Not for day to day transportation, but that is probably the case with all the classic car insurance underwriters. Ask to look at a specimen policy.