Hagerty 25% Rate Increase!
Thread Starter
Racer
Joined: Mar 2014
Posts: 399
Likes: 11
From: Southern NH
Hagerty 25% Rate Increase!
My apolgies to the horse by creating another insurance thread but this one's not about "which to choose
"Just got my renewal from Hagerty whom I've been a classic car (and more "modern" C5) customer of for many years. I've never had a single claim, no accident's, speeding tickets, windshield replacements, hell no parking tickets either.
Rate jumped up 25% on the nose for this coming year. Called to have them double check to make sure it was correct and I was informed they "had" to do this across the board due to "severe weather" and that the rates have increased anywhere from 20 - 40%
Just wondering if anyone else has run into this with their policy? I've always been happy with Hagerty (not that I've needed them but they have always been pleasent and zero wait to talk to a real person on the phone) and I'm sad to leave them but talk about drilling your good customers for no good reason. 25% in one year on multiple cars is a HUGE increase. I can only imagine what would happen to my premium if I ever did have to make a claim.
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Never had Hagerty for an insurance company, but a 25% increase is 
. Can't say I would not be looking for a new company if it happened to me.
. Can't say I would not be looking for a new company if it happened to me.
Le Mans Master
Joined: May 2006
Posts: 6,774
Likes: 363
From: Midland TX
My Heath Insurance has almost doubled - 90% increase (never a claim - just Obamacare BS) and my already high Heath Insurance deductible was increased 20% just as a final insult (i.e. now if I get sick - automatic Bankruptcy!). Since my premiums are so high, I can't afford to go to the Doctor for anything.
My Car Insurance has gone up 10% the past year (no claims - same policy with Farmers for 15 years - $1260/yr!)
Home insurance just went up today another 15% (no claims - same policy with Farmers for 19 years). 50% more than when I purchased the original policy.
Texas Property Taxes (ownership penalty) have almost doubled over the past few years - in fact, if my house were paid off tomorrow my ongoing "ownership penalty" in Texas would be almost identical to what my entire house payment was 19 years ago (which included taxes and insurance escrow!).
My home, heath, business, umbrella and car insurance combined premiums are now more that what I used to make per year not too long ago, but on the plus side they reduce what is covered every year and my net income has gone down due to increased income taxes and CPA fees!!! I guess this is what they call "Economic Recovery!"
Last edited by Choreo; Feb 24, 2015 at 11:40 PM.
Melting Slicks
Joined: Mar 2006
Posts: 2,599
Likes: 34
From: Grand Rapids Michigan West Michigan Crew
2015 C5 of the Year Finalist
St. Jude Donor '07-'08-'09
I recently got a quote from Hagerty and Grundy on my car and Grundy was 115% cheaper! and Grundy has no mileage restrictions and only a couple small usage restrictions (can't use car for daily errands and daily commuting to/from work, and must be stored in a fully enclosed garage.)
Give Grundy a call!
Give Grundy a call!
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Joined: Sep 2007
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From: Sunniest city on Earth
My apolgies to the horse by creating another insurance thread but this one's not about "which to choose"Just got my renewal from Hagerty whom I've been a classic car (and more "modern" C5) customer of for many years. I've never had a single claim, no accident's, speeding tickets, windshield replacements, hell no parking tickets either.
Rate jumped up 25% on the nose for this coming year. Called to have them double check to make sure it was correct and I was informed they "had" to do this across the board due to "severe weather" and that the rates have increased anywhere from 20 - 40%
Just wondering if anyone else has run into this with their policy? I've always been happy with Hagerty (not that I've needed them but they have always been pleasent and zero wait to talk to a real person on the phone) and I'm sad to leave them but talk about drilling your good customers for no good reason. 25% in one year on multiple cars is a HUGE increase. I can only imagine what would happen to my premium if I ever did have to make a claim.
Welcome to the "new" world of economic prosperity! in the past few months...
My Heath Insurance has almost doubled - 90% increase (never a claim - just Obamacare BS) and my already high Heath Insurance deductible was increased 20% just as a final insult (i.e. now if I get sick - automatic Bankruptcy!). Since my premiums are so high, I can't afford to go to the Doctor for anything.
My Car Insurance has gone up 10% the past year (no claims - same policy with Farmers for 15 years - $1260/yr!)
Home insurance just went up today another 15% (no claims - same policy with Farmers for 19 years). 50% more than when I purchased the original policy.
Texas Property Taxes (ownership penalty) have almost doubled over the past few years - in fact, if my house were paid off tomorrow my ongoing "ownership penalty" in Texas would be almost identical to what my entire house payment was 19 years ago (which included taxes and insurance escrow!).
My home, heath, business, umbrella and car insurance combined premiums are now more that what I used to make per year not too long ago, but on the plus side they reduce what is covered every year and my net income has gone down due to increased income taxes and CPA fees!!! I guess this is what they call "Economic Recovery!"
My Heath Insurance has almost doubled - 90% increase (never a claim - just Obamacare BS) and my already high Heath Insurance deductible was increased 20% just as a final insult (i.e. now if I get sick - automatic Bankruptcy!). Since my premiums are so high, I can't afford to go to the Doctor for anything.
My Car Insurance has gone up 10% the past year (no claims - same policy with Farmers for 15 years - $1260/yr!)
Home insurance just went up today another 15% (no claims - same policy with Farmers for 19 years). 50% more than when I purchased the original policy.
Texas Property Taxes (ownership penalty) have almost doubled over the past few years - in fact, if my house were paid off tomorrow my ongoing "ownership penalty" in Texas would be almost identical to what my entire house payment was 19 years ago (which included taxes and insurance escrow!).
My home, heath, business, umbrella and car insurance combined premiums are now more that what I used to make per year not too long ago, but on the plus side they reduce what is covered every year and my net income has gone down due to increased income taxes and CPA fees!!! I guess this is what they call "Economic Recovery!"