Hagerty Collector Car Insurance

[Hunter]

What a jerky company. I was denied because I have 2 sons that got tickets 3 and 4 years ago. I want to insure me an my wife only, but because they live in the house they won't insure us. I asked if my nephew came to visit us for the summer who has a lisence also what would happen and they said he would have to go on the policy too. That is rediculous!!! I would not recomment this company to anyone!!!!

 

[IH2LOSE]

I am 40 now but have had collector cars since very very young.I had this problem on my first policy but it was because of my brothers.I had to sign an affadata ststing I was the only person to drive the car and if anybody else drives it I understand I have no insurance coverage.I also had to give them a list of drivers in the home and the car they were driving to sure I was not insuring a car in my name for them to drive.

You may want to go back to them to see if this is an option.

How many cars to you have in the house hold.
I have heard nothing but things about them as an insurance company.

As long as your using the car as a collector car you cant get better coverage then collector car insurance.

Allthought they are tough on there underwrighting requirements once you have the coverage your set.

Just remember the reason collector car insurance is so affourdable is because the dont write HIGH RISK.

 

[citruspilot]

I just added my 79 Corvette to my current policy. I use Allstate.

My wife and I are 47. There are three drivers in our family however we have four cars. Two cars are here with us here in Charlotte, my Corvette and my wifes Lincoln LS. My 19 year old daughter has her 2003 Civic at school in Raleigh and my fourth car is kept in Atlanta for my job. I just told my insurance guy that the Corvette stays in the garage about 25 days a month as I am out of town alot. While being an airline pilot this is really true. I got him an appraisal letter from an exotic car dealer with pictures and thats all it took. I recommend Allstate.

P.S.: My premiums for the Corvette are only $278.00 for a six month policy with $15,000 coverage including liability, collision, and comprehensive. AND my 19 year old CAN drive it when she is home. She is covered! But regardless of that I wont let her!!!

Jeff

 

[IH2LOSE]

I just added my 79 Corvette to my current policy. I use Allstate.

My wife and I are 47. There are three drivers in our family however we have four cars. Two cars are here with us here in Charlotte, my Corvette and my wifes Lincoln LS. My 19 year old daughter has her 2003 Civic at school in Raleigh and my fourth car is kept in Atlanta for my job. I just told my insurance guy that the Corvette stays in the garage about 25 days a month as I am out of town alot. While being an airline pilot this is really true. I got him an appraisal letter from an exotic car dealer with pictures and thats all it took. I recommend Allstate.

P.S.: My premiums for the Corvette are only $278.00 for a six month policy with $15,000 coverage including liability, collision, and comprehensive. AND my 19 year old CAN drive it when she is home. She is covered! But regardless of that I wont let her!!!

Jeff

If your using the car as a collector car.The best value is a collector car police with an AGREED VALUE. Now your car is insured for a 15,000.00 A.C.V. even if you have an apraisal stating your cars value the majority of normal car insurance policies (witch it sound like you have purchased for your vette)A.C.V. policies just mean that the MOST the insurance company will have to pay is the a.c.v. or stated value of $15,000.00 check in on the C2 section we have a very informative post over there about collector car insurance.

The wrong time to figure out your improperly insured is at the time of a loss.Due your due dilagence now.

Good Luck

 

[Hunter]

Hagerty Ins Co

We actually have 9 cars. All I wanted to do is put the 77Vette, and 58 Buick on a separate policy. I guess here in Minnesota you can't exclude drivers. I will have to move back to Florida where you can. The folks at Hagerty were very rude to me when I questioned why we were declined. I have 2 boys 23, &19.

 

[ctjackster]

What a jerky company. I was denied because I have 2 sons that got tickets 3 and 4 years ago. I want to insure me an my wife only, but because they live in the house they won't insure us. I asked if my nephew came to visit us for the summer who has a lisence also what would happen and they said he would have to go on the policy too. That is rediculous!!! I would not recomment this company to anyone!!!!

Do your two sons each have their own car? Hagerty's primary underwriting tool is to ensure that the collector car they are insuring is not anyone's primary driver, and they do that by requiring proof of ownership of enough cars (aside from the collector car) for drivers in the household, usually a copy of your insurance policy(ies) for those other daily driver cars with each person in the household accounted for as listed drivers satisfies Hagerty.

Assuming the point above is not the reason you were deemed an ineligble risk, perhaps having two boys in their early 20's, each with a ding on their MVRs, would alone take you out of the "preferred" class (no offense, but I was 21 once too, and admit I was not a preferred kinda driver) and Hagerty's undersriting guidelines won't let them write the risk.

ps Hagerty only writes "agreed value coverge" which, as one poster noted, is the absolutely way to go with classic, appreciating in value, cars.

pps Hagerty is not the insurance company per se, Hagerty writes their collector car insurance on CNA paper.

Full disclosure: I have insurance written by Hagerty on my 65 Corvette, they offered the best coverage and the best rates for me.

 

[STEEL79]

Try Jc Taylor

They Are Pretty Good, Give Them A Call 800-345-8290

 

[ChuckG]

I've been with Hagerty for years. Sorry they're giving you a rough time, but no need to slam them because they won't underwrite you. They're tough, but I think they're the best. Chuck

 

[Hunter]

Hagarty Ins

I am not slaming them for not writing me. I am slaming them for being rude to me when I called them. I asked for my check back and I was told they never received it. I asked them if the got the pictures I sent them and they said yes. At that point I knew they got the check. I was told to go to my bank. I asked to speak with a manager. I waited for a long time, and then the lady came back on the line and told me she found the check and would mail it back. It was just a hastle for me. I can accept the fact I have 2 sons with a ticket each and they don't want to write it. They don't have to be rude!!!

 

[dennisinmaryland]

Insurance

I've been with Hagerty for years. Sorry they're giving you a rough time, but no need to slam them because they won't underwrite you. They're tough, but I think they're the best. Chuck

What are the liability limits you get from Hagerty? As I've said before and will continue to say; you can get it cheap and keep your tags, or get it right and keep your house.
As far as I am concerned, State Farm is still the way to go. Yes, it's an ACV policy but the liability limits are 250/500/100 and so is the uninsured/underinsured. If a driver carrying 20/40/15 slams into your $50,000.00 car and his company pays $15k, the rest has to be paid by the driver. Wanna wait for that to happen?

What if you're the driver of the car that hits another (say a $35,000.00 Blazer) and your company pays $15k, ready to pony up the difference?
Yes, the MOST an ACV policy will pay is the stated amount but that's the MOST an agreed policy will pay, too.
Keep your car documented and I've never heard of State Farm paying less than the ACV max on a collector car. After speaking with many underwriters with State Farm, I know what they pay and how they react to collector car coverage.
Also, I can drive my classic 5000 miles per year. It's insured for $100,000.00 ACV and the premium is $168.00 for 6 months here on Maryland.
I know I'm gonna hear about ACV vs Agreed Value, but from all I've seen and read about some of these companies, their 'Agreed Value" is no value to me.
I got a quote from Hagerty and it was $648 per year with 20/40/15 liability,
Where's the value in that? :eyerole
O.K. so I'm ready., let's hear about how good Hagerty and the others are and then let's check JD Powers and A.M. Best for customer satisfaction and strength of performance. I know I've just made a rookie lawyer's mistake by asking the question without knowing the answer but I'm confident you guys will come up with an answer. I'm gonna go look now.

 

[dennisinmaryland]

Insurance

We actually have 9 cars. All I wanted to do is put the 77Vette, and 58 Buick on a separate policy. I guess here in Minnesota you can't exclude drivers. I will have to move back to Florida where you can. The folks at Hagerty were very rude to me when I questioned why we were declined. I have 2 boys 23, &19.

Normally, you can't exclude drivers at the initial writing of the policy. Driver's can onlybe excluded after the household is underwritten and the history indicates the need to exclude a driver. That's the way it is here in Maryland and I know something about it because I've been a State farm Agent for over 25 years.
But you are still absolutely correct in being upset about their rude behavior. As an Agent, my living is made on how many people my agency can write and keep. That's one of the reasons I prefer being an Agent to being in a "bullpen" situation where the telephone reps don't have a vested interest in gaining or keeping clients.