Hagerty Insurance for 911

W911inGarage · 03-01-2004, 08:56 PM

Did a search and came up with a lot on Hagerty. They want $328 per year.

I am wondering if any insurance guys can tell me are these good limits?

Liability BI/PD: 15K BI per pers/30K BI per acc/5K PD per acc
Uninsured Motorist BI: $15000 per person/$30000 per accident
Medical Payments: $1000 per person

This seems low to the regular insurance I carry with State Farm on my daily drivers

don911 · don911's Garage

I don't think they insure daily drivers.

JackT · 03-02-2004, 04:30 AM

State by state has different laws on insurance. If you are able to stack your liability limits in your daily drivers policy and the Hagerty policy, then the Hagerty limits are fine. If not, the Hagerty limits are too low. You need to use the limits of coverage to cover your assets. If you have a home with equity in it, or other equity in investments you need higher limits and possibly an umbrella policy.

Noel · 03-02-2004, 05:16 AM

I believe that my Hagerty policy is $150K and 300K not $15K and $30K. Are you sure about your #s?

MarkY · MarkY's Garage

Did you read all of Hagerty's "rules" for insuring your car? They have so many "where you can drive, when you can drive, where you can park, etc." that you might as well put your 911 in storage.

Noel · 03-02-2004, 07:11 AM

It is a third car for me and I only put about 2,000 miles a year on it. Of that about 600 is track mileage at DE events, which I have a separate policy for. So Hagarty is perfect for me. I do know that the car has to be garaged and not a daily driver. They also request photos of the car to verify condition.
Noel

W911inGarage · 03-02-2004, 07:20 AM

The car is not my daily driver.

unimog · 03-02-2004, 08:47 AM

Call Hagarty direct and talk with a rep. I have them on my '87, '66, '59 and you can set your own liability limits. The basic liability coverage is $15k/$30k but you can raise it up to the limits that your 'normal daily drivers' have. It is a one time fee to raise the liability and covers all the cars on the Hagarty policy with no addition charge if you add more cars. Mine was a flat $82 dollars to get $300k/$500k. There is no real restrictions on driving since you are allow "pleasure driving" (hey, it was a pleasure to drive to work that day). Nice thing too, they allow you to set the value of your car(s).
I've been super happy with them.

limble · 03-02-2004, 09:06 AM

I had Hagerty until I found out from them that would not cover me when I drove it to work. I have to paraphrase here but they only covered it "to and from events". Now you can argue that going to work can be an event, given the number of boneheads on the road, but if you have an accident it might be an issue. This was five years ago and maybe they changed their policy but I wouldn't want to fight an insurance company.

I'm middle aged with no accidents or speeding tickets, ever. Owned a Porsche for ten years and pay about that much for 6 months of daily driving.

Axeman · 03-02-2004, 09:45 AM

I was thinking about switching over to Hagerty as well from State Farm, but after reading your posts, I'm not sure now.
I would like to be able to drive the car to work when it's nice outside maybe once a week or so. Who else besides Hagerty offers "agreed value" on older Porsches?

MarkY · MarkY's Garage

Quote:

Originally posted by unimog
There is no real restrictions on driving since you are allow "pleasure driving" (hey, it was a pleasure to drive to work that day). Nice thing too, they allow you to set the value of your car(s).
I've been super happy with them.

You'd better hope you never get in a wreck driving it to work. Hagerty will laugh at you. Tell them is was a "pleasure drive" to pick up your kids from school, same thing. They told me that I couldn't even take my wife out to dinner in mine. Leaving my car in a restaurant parking lot was out of the question. Unless of course I was driving to an event.

IMO, Hagerty is good for show cars and not much else.

limble · 03-02-2004, 06:27 PM

I have State Farm and they offer "agreed value." I didn't put an outrageous value on my cars. As someone mentioned earlier in this post insurance companies policies differ state by state.

Wayne 962 · Wayne 962's Garage

I'm paying $400 or so for the 308 with Hagerty. Agreed value of $30K...

-Wayne

reed930 · 03-03-2004, 05:10 AM

Quote:

Originally posted by limble
I have State Farm and they offer "agreed value." I didn't put an outrageous value on my cars. As someone mentioned earlier in this post insurance companies policies differ state by state.

Mike,

Make sure you have an "agreed" value policy with State Farm and not just a "stated" value policy with them. I used to be insured with State Farm, and at the time they only offered stated value collector policies. With that type of policy, the insurer only agrees to pay your claim up to the stated value. It essentially limits their risk in the event of a total loss; it does not ensure that you will be paid that amount. If there is a loss, you are still in the position of proving the value of the car to them.

Jadams1 · Jadams1's Garage

Did you know that Hagerty is owned by Allstate. My Allstate rep got me quotes from his office. Rates we good, $285/yr for $14,000 agreed upon price with a 3,500 mile/yr restriction. I didn't qualify becuase we have more drivers than cars (4 kids that drive).