Originally Posted by vairxpert

I had my '75 C3 and two factory turbo motorcycles insured through Hagerty for many years. I sold the C3 in '11 and put a vintage Porsche on the policy for another 4 years. They were always reasonable, but around 2015 the price more than doubled for the car. Do a search and you'll find quite a few complaints across different car forums.
Dumped them for AMIG at half the price for the same coverage. As the value of the Porsche drastically went up, I continued to increase the agreed value. I just renewed the Porsche last month @ $50K agreed value for $500 a year (bikes have always remained about $200 for both). That $500 is still in the ballpark of what Hagerty wanted NINE years ago for $12K in agreed value. All my policies are $500K liability as they were with Hagerty.

Of course there's spare parts coverage, towing and NO deductible...that's pretty much a given for any agreed value collector policy.

As far as driving record and location...last ticket was minor and over 33 years ago and I've never had an accident claim in my life. I live in a small Indiana town, property insurance is some of the lowest in the nation. The normal policy for my daily, which is a Porsche Cayenne S, runs me $300 a year for full coverage and my Hayabusa is $372 a year for full coverage. Both at $500K liabilities.

So, $88,000 for a Corvette and $35,000 for a Pontiac? $123,000.00 in coverage for $140 a year??? Either it's storage coverage as someone stated above or Hagerty has made a HUGE billing error...as in someone forgot to add a zero.

Does anyone on this forum have that kind of coverage through Hagerty at that low of a price? If so, I definitely need to give them another chance and get a quote. I just find it hard to believe they'd insure a $5K basket case for $140 a year.

I was also going to question the drastic difference of paying over $1,800 a year for something like a KIA (you'd think horrible driving history or ghetto location), but then I remembered reading that many insurance companies flat out refuse to write a policy for them. Thanks to a TikTok trend, they're the ultimate joyride car as a kid can steal one in under 30 seconds.

Originally Posted by Tampa Jerry

Just make sure the car is insured under "agreed value" and not "stated value". Big difference in price and coverage. My 66 Vette, 68 Vette and 70 SS Chevelle come in at $2,250 annually, full stacked liability coverage to $1M , no deductible on collision, fire theft etc. No tickets or accidents or claims in Tampa in 40 years. Jerry

Originally Posted by Mdbirk

I feel so stupid, I said a year, that's a month.

Originally Posted by 427SIXPACK

I already figured that, just kept my mouth shut. I didn't want to call you out & say that those numbers were 100% IMPOSSIBLE !!!