Hagerty vs ?
Thread Starter
Melting Slicks
Joined: Mar 2004
Posts: 2,964
Likes: 419
From: Melbourne FL
Hagerty vs ?
I've had Hagerty since forever and never have had a claim so I have no experience on which to base any comparisons. I recently inquired in an RV group for insurance recommendations and a few suggested trying Auto Owners Insurance along with the usual of USAA, Progressive and Geico for our RV. We currently have Geico for our vehicles including the RV but their rates are higher than USAA and Auto Owners so am considering a change. They have very similar in rates to Progressive and while Progressive will issue a separate policy (through USAA) for the RV, they don't offer coverage for classics so there'd still be 3 separate policies.
My question is that Auto Owners will cover my vette for identical coverages to Hagerty for far less with a bundled policy with an agreed upon value of $70,000.
Your thoughts?
My question is that Auto Owners will cover my vette for identical coverages to Hagerty for far less with a bundled policy with an agreed upon value of $70,000.
Your thoughts?
Popular Reply
Dec 21, 2020, 01:58 PM
Race Director
Joined: Apr 2005
Posts: 11,265
Likes: 2,131
From: Bowling Green, Kentucky
If you want great coverage at less $$$$ than Hagerty, call Adam at the National Corvette Museum. They will take care of you.
About the other companies:
1. Do you feel lucky??
2. If a accident occurs, will your adjuster be a fair and impartial "car guy" ??
3. Can you take to repair to anyone in the country??
4. Will the repair company use new/used original or NOS parts for the repair??
5. Will the paint work be show quality??
6. Are you sure of the stated policy "agreed value" being truly "agreed value" ??
If your other company will meet these requirements, then switch and save some money. Otherwise, call Adam or stay with Hagerty.
Larry
About the other companies:
1. Do you feel lucky??
2. If a accident occurs, will your adjuster be a fair and impartial "car guy" ??
3. Can you take to repair to anyone in the country??
4. Will the repair company use new/used original or NOS parts for the repair??
5. Will the paint work be show quality??
6. Are you sure of the stated policy "agreed value" being truly "agreed value" ??
If your other company will meet these requirements, then switch and save some money. Otherwise, call Adam or stay with Hagerty.
Larry
Race Director
Joined: Apr 2005
Posts: 11,265
Likes: 2,131
From: Bowling Green, Kentucky
If you want great coverage at less $$$$ than Hagerty, call Adam at the National Corvette Museum. They will take care of you.
About the other companies:
1. Do you feel lucky??
2. If a accident occurs, will your adjuster be a fair and impartial "car guy" ??
3. Can you take to repair to anyone in the country??
4. Will the repair company use new/used original or NOS parts for the repair??
5. Will the paint work be show quality??
6. Are you sure of the stated policy "agreed value" being truly "agreed value" ??
If your other company will meet these requirements, then switch and save some money. Otherwise, call Adam or stay with Hagerty.
Larry
About the other companies:
1. Do you feel lucky??
2. If a accident occurs, will your adjuster be a fair and impartial "car guy" ??
3. Can you take to repair to anyone in the country??
4. Will the repair company use new/used original or NOS parts for the repair??
5. Will the paint work be show quality??
6. Are you sure of the stated policy "agreed value" being truly "agreed value" ??
If your other company will meet these requirements, then switch and save some money. Otherwise, call Adam or stay with Hagerty.
Larry
Team Owner
Joined: Aug 2007
Posts: 58,061
Likes: 7,145
Army
If you want great coverage at less $$$$ than Hagerty, call Adam at the National Corvette Museum. They will take care of you.
About the other companies:
1. Do you feel lucky??
2. If a accident occurs, will your adjuster be a fair and impartial "car guy" ??
3. Can you take to repair to anyone in the country??
4. Will the repair company use new/used original or NOS parts for the repair??
5. Will the paint work be show quality??
6. Are you sure of the stated policy "agreed value" being truly "agreed value" ??
If your other company will meet these requirements, then switch and save some money. Otherwise, call Adam or stay with Hagerty.
Larry
About the other companies:
1. Do you feel lucky??
2. If a accident occurs, will your adjuster be a fair and impartial "car guy" ??
3. Can you take to repair to anyone in the country??
4. Will the repair company use new/used original or NOS parts for the repair??
5. Will the paint work be show quality??
6. Are you sure of the stated policy "agreed value" being truly "agreed value" ??
If your other company will meet these requirements, then switch and save some money. Otherwise, call Adam or stay with Hagerty.
Larry
Based on this and Larry's insightful questions I wouldn't dick around with a company that I've never heard mentioned before on this site.
Pro
Joined: May 2009
Posts: 606
Likes: 11
From: Los Gatos, CA
I use: https://americancollectors.com
And have never had a claim, but they seem to be good to work with -- rates are reasonable, and they increased my policy & coverage when I had restoration / upgrades done w/ a few photos emailed.
Curious what other members experiences have been with American Collectors ??
Any horror stories or are they still great ?
And have never had a claim, but they seem to be good to work with -- rates are reasonable, and they increased my policy & coverage when I had restoration / upgrades done w/ a few photos emailed.
Curious what other members experiences have been with American Collectors ??
Any horror stories or are they still great ?
Le Mans Master
Joined: Aug 2005
Posts: 6,529
Likes: 1,965
From: Temple Terrace Florida
I have American Collectors for my 66 and 68 Corvettes and 70 SS Chevelle. I have never had a claim so I don't have first hand claims experience with them. I do have "stacked" liability so my total liability is $900K. For my corporation I have had Auto Owners Insurance on my 10 cars for over 25 years. They have always paid claims. This past year I had one employee crash four cars of which two were totaled. Since he was a "protected or special class employee" I risked a law suit if I terminated him. They helped me by allowing me to keep the policy if I terminated the employee which allowed me to terminate him for cause. I did not know that Auto Owners had an antique policy. Jerry
Le Mans Master
Joined: Feb 2007
Posts: 9,294
Likes: 1,527
From: Oviedo Florida
2024 C5 of the Year Finalist - Modified
2024 C2 of the Year Finalist - Modified
2023 C2 of the Year Finalist - Modified
2021 C2 of the Year Finalist - Modified
2016 C5 of Year Finalist
I use: https://americancollectors.com
And have never had a claim, but they seem to be good to work with -- rates are reasonable, and they increased my policy & coverage when I had restoration / upgrades done w/ a few photos emailed.
Curious what other members experiences have been with American Collectors ??
Any horror stories or are they still great ?
And have never had a claim, but they seem to be good to work with -- rates are reasonable, and they increased my policy & coverage when I had restoration / upgrades done w/ a few photos emailed.
Curious what other members experiences have been with American Collectors ??
Any horror stories or are they still great ?
I had declared value of 50k on a C5 with NCM and I wanted to bump it
to 60k. The underwriters would not do it. They are so use to stock cars.
I talked to American Collectors and they valued my hot rod at 75k. And I
pay less. You figure ? Now with the 66 I have it at 60k. I am hot rodding
that car and I will bump that one to 75k, maybe more.
If I have a stock vette I would go with NCM . I have hot rods I go with
AC and I pay less than if they were stock.
Thread Starter
Melting Slicks
Joined: Mar 2004
Posts: 2,964
Likes: 419
From: Melbourne FL
Have any of you had to provide an appraisal from a licensed appraiser to confirm agreed value?
Regarding American Collectors, I just got a quote from them and they're considerably higher than Hagerty and don't offer as high of coverages for certain items that I can get with Auto Owners insurance, specifically Personal Injury Protection and Medical Payments.
Next I'm going to call NCM.
Regarding American Collectors, I just got a quote from them and they're considerably higher than Hagerty and don't offer as high of coverages for certain items that I can get with Auto Owners insurance, specifically Personal Injury Protection and Medical Payments.
Next I'm going to call NCM.
Administrator
Joined: Jul 2000
Posts: 53,981
Likes: 6,207
From: About 1100 miles from where I call home.
Ive used American Modern for many years, been happy with them. Ive never been asked for appraisals or anything like that on my collector cars' agreed values and Ive had many Corvettes and other cars.
(I think thats who Adam/NCM uses)
(I think thats who Adam/NCM uses)
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Race Director
Joined: Apr 2005
Posts: 11,265
Likes: 2,131
From: Bowling Green, Kentucky
State Farm required a certified appraisal on my car when I used them about 26 years ago. It was for "agreed value" collector/antique car. I did this. But I left them for Hagerty about 10 years later. No appraisal required. I have been with Hagerty for the last 16 years.......but the National Corvette Museum insurance is starting to look better and better.
Larry
Larry
Last edited by Powershift; Dec 21, 2020 at 06:44 PM.
Team Owner
Joined: Sep 2003
Posts: 20,179
Likes: 673
From: Freedom is never more than one generation away from extinction.
St. Jude '03 thru '24
Burning Brakes
Joined: Jul 2014
Posts: 1,203
Likes: 377
From: Knoxville, TN
2020 C1 of the Year Finalist - Unmodified
I had American Modern for years and my premium for my '60 declared value of $55K was $369/yr. I called Adam at the National Corvette Museum, he quoted me a lower price with American Modern with more coverage for $256.
I would call Adam immediately to save money and get great service.
I would call Adam immediately to save money and get great service.
Instructor
Joined: Oct 2019
Posts: 237
Likes: 178
From: Iowa
I have Grundy for my collector cars. Yes they are expensive but they do know classics. The only big claim I've had is for paint issues on my '57 Ford about 12 years ago. They let me take it to a high end shop and didn't argue with the price.
Pro
Joined: Dec 2018
Posts: 534
Likes: 181
From: Tampa Bay Fl
I had a big claim with Hagerty,the adjuster came out in 2 days very very favorable estimate. The deal was done in a week my paint work was about $500 more they cut me a check no questions ask. I’m not sure if I’m paying more than some other companies but I’m completely satisfied with Hagerty.
Melting Slicks
Joined: May 2003
Posts: 2,840
Likes: 301
From: Bonita CA
I've had Hagerty since forever and never have had a claim so I have no experience on which to base any comparisons. I recently inquired in an RV group for insurance recommendations and a few suggested trying Auto Owners Insurance along with the usual of USAA, Progressive and Geico for our RV. We currently have Geico for our vehicles including the RV but their rates are higher than USAA and Auto Owners so am considering a change. They have very similar in rates to Progressive and while Progressive will issue a separate policy (through USAA) for the RV, they don't offer coverage for classics so there'd still be 3 separate policies.
My question is that Auto Owners will cover my vette for identical coverages to Hagerty for far less with a bundled policy with an agreed upon value of $70,000.
Your thoughts?
My question is that Auto Owners will cover my vette for identical coverages to Hagerty for far less with a bundled policy with an agreed upon value of $70,000.
Your thoughts?
Last edited by 2KREDVert; Dec 22, 2020 at 03:47 PM.
Thread Starter
Melting Slicks
Joined: Mar 2004
Posts: 2,964
Likes: 419
From: Melbourne FL
Racer
Joined: Nov 2007
Posts: 333
Likes: 76
From: Massachusetts
I just covered my 65 coupe with Grundy with $60K value for $560/year. Just got a quote from AM today (local classic ins guy), some $60K value for $325/year. Anyone ever have a claim experience with AM?