so i was talking to my insurance agent as my renewal is coming up. i told him that the car gets used maybe 5k miles a year, only driven on nice days, and is not my daily driver etc etc. i also told him theres some money into the car and its insured with a stated value policy thru progressive.

sooo, after some talking he reccomended haggery insurance.

http://www.hagerty.com/?aff=goog&utm_sourc...CFQpe7Aodv1RN5Q

he says that they are more what i would need, since if the car was a total loss, progresssive would fight tooth and nail to not pay out what i insure it for. he said haggerty is more in tune with guys like me, and that if there was a problem, id have a better shot getting reimbursed thru haggerty then progressive. premium is a great price, like 600-700 a year for 100/300+100/300 uninsured, 30k stated value, etc etc 1k deductible.

its slightly cheaper then progressive as funny as that sounds, and its supposedly better coverage for a modded car. thing is, there is usage restrictions, which i still havent got the total list of them.

anywho, anyone else use them currently/previously?


thanks in advance!

 

There are a few members who are doing this. From what I hear, it's a new thing to the S2000.

 

I use it and I love it! Covers the value with all my mods. I dont even think they check for mileage as literally my car is only tracked. Very rarely on the street. It is sooo much cheaper as well!

 

I use their service for the S and on my collector cars and have nothing but good things to say regarding them.

Here is a good explanatin of Haggerty/specialty insurance and what they offer.

http://zhome.com/Classic/CCInsur.htm

 

welp, this is a no brainer then for me. thanks fellas!

 

I don't trust Hagerty. They seems like a great deal because they'll insure any classic car and are extremely cheap so almost everyone with classic cars uses them. If they only quoted you under $700/yr for a $30k car with 100/300/100 then that's probably for a classic and recreational use policy which is full of vague restrictions:

1) Car must sleep in a locked garage.
2) You can only use the car for auto-related activities (shows, meets, etc). Occasional errands are allowed (more on this below)
3) You cannot leave the car unattended! (but what about the errands that are allowed?)
4) Mileage restrictions, sort of.
5) Aftermarket parts MAY be acceptable (until you file a claim - more below)

Here's the problem: Hagerty is not an insurance company. They're insurance brokers. Your policy will be as good as the company Hagerty sets you up with, and who knows what company that will be. That's why if you ask them about any of the above subjects, you'll only get vague answers. For example, they'll tell you that occasional errands are usually acceptable. They can't tell you how often, how many, how far, etc because they simply don't know what your insurer will require or restrict. So you go and sign up with them, then you crash your car while driving to the corner to get milk. Of course, your insurer will claim that you've been using your car for errands constantly and refuse to pay. You claim that's the only time you've done it. There's no sure way for either party to prove their claim. Now you're in a legal mess where it's your word against the insurance company's.

I have a friend whose classic Mini Cooper burned to the ground during a group drive due to a faulty fuel pump. The insurance company refused to pay because the fuel pump was aftermarket. Hagerty didn't even ask about aftermarket parts when they wrote the policy. And seriously, what did they expect? How many classic cars are still running around with their original 50-year-old fuel pumps still in place? What about all those hot rods they insure which are basically made up of aftermarket parts? It's just one of many weasel excuses their insurance carriers use to get out of paying.

Ask a lot of questions, read the fine print, and make sure you know what you're getting into.

 

i was looking into hagertywhen i first got my car, i was told i was only able to put 3,000 miles a year on the car...not gonna work, since i put over a 1,000 in the first month of owning it

 

lol, yeah the biggest thing i was told is it cant be your primary car. 1k in one month aint pleasure lol.

i do 5k max a year, and 2200 of that is in one shot on my annual dragon trip. car is 05 that i got in june 05, has 42k on teh clock. first three years i owned it i daily drove it. then i got to a position where i didnt have too.

thank you for the heads up about the pita claim. i will be upfront with my agent about the mods, use, everything that way if i do have a claim we both understand whats the deal.

 

good info.

the "broker" thing bothers me... seems like there is a lot of room for issues with that if you ever have an actual problem.

 

I'm thinking about getting this insurance when my policy is over. My car is a garage queen that has been driven twice since April (needs new rear tires) and I am paying $1600 a year....You also have to pay the whole premium up front...Mine was close to $700 due at the time the policy was written..