Hagerty Insurance

[GSpreeman]

I just got an online quote of $381 per year for my '87 with $24,000 coverage and no deductibles. Sounds like a great price. Does anyone have experience with Hagerty?

[Elfer]

I'd like to know as well. I got a quote of $190 per year. Leland West quoted $450. Anyone out there uses these? Let's see some figures if you guys are posting.
Thanks.

[Zeke]

What are the general restrcitions? A subsidery of USAA has told me for classic car ins, I can only drive to shows on Sundays, or some silly equivalent. After an appraisal, they will agree to a set value.

[911novice]

Hagerty is excellent. You can't use the car to commute to work and you need to park in a garage but that's about it, except for racing of course! If you check the archives I think you'll find a ton of information and from what I've seen, most of us are very satisfied with hagerty.

[jeff m]

I'm in NJ, I have my 911 a 72 with historic tags with Haggerty.
You have to show that you have another car that is your daily driver. Insurance card from another vehicle is ok.
They declined to insure a 1985 car that has collecter tags saying it was not old enough! I insure that car with American collecters which has very similar restrictions. Both are assured value policies.
Jeff

911 assured value 9,000 prem $90
TVR assured value 13,000 prem $232

[mwbaum]

I use Hagerty for my 356....I dont think they will like a daily driver however....

[rdane]

I use Hagerty now, just changed over from Parish Heacock. Prices were similar but Heacock wasn't what I would call attuned to the customer for realistic replacement values on a modified car. Nor were they capable enough to return calls or FAXs.

I am extremely happy with the discussions I have had on the phone with Hagerty employees, the coverage, lack of limitations and the policy price at Hagerty. Most importantly to me, as I continue to upgrade my car, that they will continue to up the value of the agree coverage.

[Ho Hum 74]

What about track coverage for DEs? I have a 74 with normal plates not a daily commuter. I found Parish Heacock to be very rude to me about my enquiry of track use. They almost put the phone down when I mentioned it. In the end I just took State Farm which is what my other car and house is with. About $450 I think.

[rdane]

Racing is not covered by anyone with collectors prices that I know of. Driver's education is another subject, one I don't broach with my policies. Driver's ed days are not racing. Like they say it is sport driving at 7/10s. I don't go to the track I go to Driver's education classes with a professional driving school

Funny enough my car would not be covered if it had a roll bar. Harness bar was also looked down on but I wasn't told no. My halon fire system originally got my policy refused. They thought it was a nitrus bottle.

I paid 350 for a 22K $ policy last year and a 5K mile limit.

I also really liked the fact that the folks at Hagerty took the time to talk to me about my car and ask questions on how it was being driven and my future plans for it. It is collector's insurance afterall. While I don't consider myself a car collector I do plan on owning this car for a good number of years. Which on the other hand make me easy to insure with confidence. Like most of us here I suspect.

[cegerer]

I don't think they'll insure it if you track it. But, they're very good and cheap! They also pay out whatever the stated value is and you tell them what that number is - no appraisal needed. Many other collector insurers allude to a stated value but will depreciate it if there is a loss. If you insure your car for, say, $30,000 with Haggerty you'll get a check for exactly $30,000 - no questions asked. They also frown upon anything over 5000 miles per year and prefer to see 2500 - but they don't check mileage so I guess it doesn't matter ......

[dglenn]

Originally posted by rdane
I paid 350 for a 22K $ policy last year and a 5K mile limit.
I pay 520 for a 35K $ policy this year and no milage limit.

I also really liked the fact that the folks at Hagerty took the time to talk to me about my car and ask questions on how it was being driven and my future plans for it. It is collector's insurance afterall. While I don't consider myself a car collector I do plan on owning this car for a good number of years. Which on the other hand make me easy to insure with confidence. Like most of us here I suspect.

I just talked to a rep at Hagerty and they said the "like to see the mileage under 2500 per year". She made it seem like they didn't have any other options. How did you get a 5k mile limit and a no mile limit policy through them?

Thanks,

[Bravo]

I have had Hagerty for about 4 years and just had a claim and it came out great! I could not have been happier with the service, aduster, fire investigator, etc.

Dean

[dglenn]

I just had a "live support" support chat with one of the folks at hagerty and they had the following to say when I asked if there were any options above 2500 miles for a 1986 911:

"ok. well, we have strickter guidelines on our exotic and special interest vehicles, so there would be no exceptions for usage over 2500. We do, however, want you to use your car the way you want to. If you think you will drive it more than that, then I'm sure there are other companies that would be able to insure you. At this time, we just aren't able to go over that because of our premiums...we only have one set rate."

The person was extremely helpful and quick to respond.

How many miles do you guys put on your car when it isn't your daily driver?

[rdane]

If you do the online application you are asked the miles you drive. The typical Hagerty collector's policy has no limit is my understanding . But as the agent said they like to see under 2500 a year. I was honest and said I might double that with a trip to Southern Cal for a Porsche event one year or drive less than that the next depending on my work schedule.

The 5000 mile policy was through Parrish Heacock.

Let me restate what I have found about insurance and collector's policies. If the car is not a "collector car" to you don't bother to approach them. They are looking for low mileage and little use by an owner who has pride in is car and it's condition. Not trying to say we all don't, but I also worked as an underwriter in a different area of insurance and understand the policy is written or not written on the precieved risk involved. Also mandatory that every driver in the house has a difefrent car, fully insured. The newer the better was my take and a lockable garage for the collector car.

If you are looking to insure your weekend and fun driver that gets 8 to 10 K a year better to look elsewhere. You are a poor risk for the premiums involved. (remember they are insuring all "collector's at a similar premium based on use and values) If you are outside their risk group your ( or a few like you) with similar driving habits will up the Insurance companies pay out. When you ding your car they are going to ask what you were doing. As an insurance investigator I would. If you haven't disclosed you intended use and mileage the insurance company will have good reason to decline your claim.

Be as little risk to them as possible and they'll be happy to insure you. The comment that I suspect "sold" them my policy was, "I have more to loose if I have a claim than Hagerty will. I am about to stop driving it because I can't afford to replace with the investment I have made." They are in business to make money not pay out claims. You make money by writing clean policies with little risk.

Don't get me wrong, I drive my car and I don't baby it. But I am also aware that I won't easily replace the investment (time or money wise) at this point and I would just buy a much newer car. I started looking at collectors insurance because it was cheap. But then I quickly "ran out" of miles available on my original policy and realised no matter what I did I suspect the insurance carrier would decline any claim if I was over mileage. They sure could legally. Then my agree value became a point of contention as I wanted a higher value. Because that is what it cost to build my car and would again today.

I upgraded my policy 3 times on mileage and value in the first year. I got tired of the hassle each caused.

When I started looking this year, Hagerty came up. I did a application on line. Then I recieved several phone calls and a letter telling me why they had declined my business. After a little explanation as to my specific car and circumstance via the phone and some give and take they agreed to take me on as a client.

I was impressed with Hagerty's agents and their willingness to pursue me as a client simply because my car and needs were was out of the ordinary. Just like most of the cars and drivers on Pelican I suspect.

But I also made it an easy "risk" for them. But just one accident or ticket and I'll be looking for a new insurance company at their request. I understand that. Three or four years down the road I would expect a little more slack on their part.

[Jim Garfield]

I have had Hagerty for 2 yrs. I have an agreed replacement value of $20k, full collision and liability, no deductable, for $319p/yr.

The car has to be kept in a garage on your property, not be your primary means of transportation, not driven by the kids, and they advised me to try to keep the mileage under 5k p/yr.

They seem very enthusiast oriented, although they laughed when I wondered if DE events were covered. From the research that I have done there are only 9 states where you can get reasonably priced coverage for DE events. Search the archives to see if you are lucky enough to live in one of them.

I found Hagerty had the best "package" when I was looking around.

[CrossT]

Check out Grundy also. My 86 for $240/yr, p-car not used for daily commute, no mileage lim, no deductible, agreed value $15K, unins/underins motorist. worth a look . . .

todd
86 cpe

[juan ruiz]

Anyone knows who will cover a Modify 911 ?

[ben parrish]

I would highly suggest that anyone with collector insurance carefully read their policy and talk with their agent. Make no mistake; the insurance company will investigate your true use of your car if you make a claim! They WILL interview co-workers and neighbors! They WILL NOT cover the car if you have not followed the restrictions to the letter of the policy. I have personally seen claims denied on boats because they were a few miles beyond the "navigational limits" of the policy. I have seen housing claims denied because of minor infractions.
I also went with "collector policies" in the past and never had a problem but I never had a claim. I spoke with the agent and presented a few scenarios to them about the use. I was told that if I used my car for weekend use and pleasure rides I was covered. If I decided to stop by, say the cleaners to pick up my laundry after that "recreational drive" and got into an accident that my claim would be denied because I had used the car for an errand. After careful consideration, I switched to standard insurance with State Farm but couldn't stomach the $1200 a year rate. After talking with my agent about the use of the car, she suggested State Farm's collector policy. 7500 miles a year with NO limitations on use other than this can't be my daily car. I CAN drive it to work; I CAN use it for errands or ANYTHING else (no racing). $400 a year. I now am confidant that if I ever have to make a claim I have nothing to worry about.

[dougcl]

And no stated value either (with State Farm.)

Doug
75 911S

[ben parrish]

Not so, I am covered for 25k; They will look at other similiar cars available in the area to campare the amount to. Not worried about State Farm trying to rip me off. They have been in business too long and cover too many autos to play silly games.