classic Insurance
Thread Starter
Heel & Toe
Joined: Jul 2008
Posts: 16
Likes: 0
From: Cincinnati Ohio
classic Insurance
Why would Hagerty quote me $500+ on Insurance on 1978 pace car valued at $25,000 and Grundy quote me $192 seems odd, Also why does the insurance go down to 200+ at Hagerty when you put in that the car is a 77 at $25,000. It is the same amount shouldnt the quote be the same. It is at other places.
Drifting
Joined: Apr 2007
Posts: 1,970
Likes: 45
From: Cameron Park CA
That seems too high. I have my '69 insured through Hagerty for an Agreed Value of $33,000. It has cost $283.00 a year for the past 4 years. I would do as Alan suggested and give them a call. They have always been very helpful with any questions I have had.
OTOH, perhaps the rate is lower because I'm an Old F#%t!
Pete
OTOH, perhaps the rate is lower because I'm an Old F#%t!
Pete
Le Mans Master
Joined: Jan 2007
Posts: 8,007
Likes: 3,341
From: Omaha NE
2025 c3 ('74-'82) of the Year Finalist - Unmodified
2023 C3 of the Year Finalist - Unmodified
2022 C3 of the Year Finalist - Unmodified
2020 C3 of the Year Finalist - Unmodified
$15k, $188 a year with Hagerty.........
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,118
From: Crossville TN
Did you get that quote directly from Hagerty or from the agent for your 'family' car insurance? Maybe your agent is wanting to make a few extra buck$ on the transaction. Or, maybe whoever gave you that quote typed in the wrong amount of coverage by mistake. Usually, Hagerty and Grundy premiums are pretty much the same for a particular car.
Le Mans Master
Joined: Sep 2004
Posts: 5,116
Likes: 5
From: Livonia MI
You may want to look at the whole premium. Have a 77' Old's pace car insured with Grundy agreed at $15k value for a $150 anual premium. Add on Michigan's special $150 buck's for covering delinquent driver's, and make it $300 buck's. Have to pay this tax for 3 car's and a bike, to keep them on the road. That's $600 buck's on my calculator, but gotta live somewhere.
Burning Brakes
Joined: Jun 2005
Posts: 1,113
Likes: 35
From: LaUgH, mOrE!
I just changed my classic insurance over to the National Corvette Museum Insurance with Adam Boca and was pleased with the rate and service. They also provide options for deductibles and miles driven per year. I also specified that I wanted the option for my 20 & 23 year olds to be able to drive it for pleasure on an occasional weekend or evening. This was no problem.
Adam was great to work with and got the car insured same day!
www.ncminsurance.com
Adam was great to work with and got the car insured same day!
www.ncminsurance.com
Team Owner
Joined: Aug 1999
Posts: 30,995
Likes: 99
From: Ontario
You haven't stated the details such as liability, medical benefits, uninsured driver coverage, collision, and comprehensive. And the deductibles. For example collision with a $1000 deductible is much cheaper than $250 deductible. I carry $1,000,000 personal liability but can get $2,000,000 for a higher premium. The devil may be in the details.
Thread Starter
Heel & Toe
Joined: Jul 2008
Posts: 16
Likes: 0
From: Cincinnati Ohio
That was quoted directly from Hagerty sale lady. When I do the numbers on there sight it comes up $456. I was born in 64 25000 value 1978 vette, am I doing something wrong. somebody else do the numbers please and tell me I am doing something wrong.LOL do the same on Grundy website and it gives me 200 something. Have not called Grundy personally yet. My question is isn't 25000 the same to insure on any vehicle through the same company whether it be 1977 or 1978 1979 since you are insuring the 25000 basically .
Team Owner
Joined: Jul 1999
Posts: 26,545
Likes: 46
From: Huntersville NC
That is odd. What did the Hagerty sale lady (the Hag) say about it? 
2 cars, both insured for $25,000... premium for the 77 is $200 and premium for the 78 is $500+? Makes no sense unless they expect a higher rate of claim with the 78, what with the decals and all. So if both cars got in the same accident maybe the 77 would cost $1000 to repair and paint but the 78 with that special paint job would cost $5000.
2 cars, both insured for $25,000... premium for the 77 is $200 and premium for the 78 is $500+? Makes no sense unless they expect a higher rate of claim with the 78, what with the decals and all. So if both cars got in the same accident maybe the 77 would cost $1000 to repair and paint but the 78 with that special paint job would cost $5000.
Safety Car
Joined: Sep 2007
Posts: 4,458
Likes: 331
From: Indy Indiana
hagerty increased my premium by 20% too. i shopped around a little and did not get a warm fuzzy feeling from some of the others, so I paid it..
depends on my mood at the time whether i will raise a stink about it next time..
spend a day shopping and filling out forms and finding out the little differences to save 40 bucks? life is too short...
there were a couple if little specific differences in the grundy policy, so I stayed with hagerty. merely to keep from spending 3 days researching...
but if 100% higher than the competition? i would call..
depends on my mood at the time whether i will raise a stink about it next time..
spend a day shopping and filling out forms and finding out the little differences to save 40 bucks? life is too short...
there were a couple if little specific differences in the grundy policy, so I stayed with hagerty. merely to keep from spending 3 days researching...
but if 100% higher than the competition? i would call..