Because if you double the amount of coverage, your premium will nearly double. The liability part will stay the same, but the cost of the comprehensive will double. Hagerty calls me every year and asks me if I want to increase the agreed amount on my car.

 

I shopped around at all of the big names: JC Taylor, Haggerty, Grundy, NCM, and one or two others that I don't recall.

NCM doesn't do MN right now so that was quickly off the list. JCT and Haggerty were also eliminated. The reason they were elimiated is that I talked to someone on the phone and asked a simple question: "would I be covered if I took my 71 on a 1 week vacation back to my parents house where it would be my only mode of transportation during that time". Both pretty much made it clear that I would NOT be covered. However Grundy said that wouldn't be a problem.

Now comes the odd part. The online quote of $161 for $20k in agreed value seemed very low. So I started the process of applying for the actual coverage when I got back an email with the amount of $311 that I was supposed to send in. That's pretty close to double what the online quote was. I sent an email asking them what was up with that and here is the response:
"Our online system gives an automated response based on year of the vehicle. A 1971 Chevrolet Corvette on a single car policy receives a sports/ muscle car rate. The exact about due is the quote for $311.00. We apologize for any confusion and if you have any additional questions please let us know."

So basically I wouldn't trust any online quote as to what you're going to pay until you actually find out what amount to send in the check for.

I'm still not yet covered as I don't know if $311 is fair or not. I'll probably still go with Grundy even if it's a bit more because of the previous question I posed them.

 

I've wondered the same. They take my word for what I declare the car to be worth? Maybe there's a threshold beyond which they want an appraisal?

 

I just received my notice from Haggerty

car valued at 50k , full coverage 500.00 deductable

went from 291.00 to 307.00

16.00 increase or a ~5%

My gas and groceries are higher this year also

David

 

I planned to call Adam at NCM for a quote but the FAQ's on their site stated:

Q: Do I qualify?
A: Each driver in your house must have a daily use vehicle that is no older than 15 years of age, and your limits of liability must be equal to or higher than the limits that you are applying for on your collector car.


My daily drivers are 13, 14, & 17 years old I'm currenty at Grundy and pleased so far but always looking to save coin where I can. I don't believe Grundy has a DD age stipulation.

 

Do not worry about that too much.....Give me a call we can make it work!

Thanks!!

 

I called Adam Boca @ NCM and he's going to be saving me a significant amount of money with better coverage. Nice feller too.

 

Just got my renewal.....went from 175.00 to 185.00
value 14K
I guess it's not as big an issue as i thought. YMMV...
-ALF out...