grampi50

So I'm on Hagerty's website the other day and I notice they have a chat function, so I get online with one of their reps. I noticed they have no mileage restrictions, but they don't allow the vehicle they insure to be used as an every day driver. So I asked what is considered an every day driver. I said my car will likely be driven on a daily basis during the summer months (when the weather is nice), and parked during the winter, but the vehicle will only be used for pleasure driving, and I have another vehicle that would be the primary vehicle I drive in all weather conditions. I asked if the Vette would be considered a daily driver. I was told that would need to be determined by one of their specialist. The whole thing sounds a bit flaky to me. How could anyone who doesn't actually see how the vehicle is being used determine if it's a daily driver or not? I like the idea of no mileage restrictions, and being able to insure the vehicle for an agreed upon value, but this every day driver thing sounds a little fishy to me. For those of you who have Hagerty, how do you work this issue?

Smoken1

Have you talked to NCM? I am going with them since they have agreed value and I will use the 6000 mile per year.. Also if you don't do 6000 whats left over caries over, so say you do 3000 this year then the other 3000 just adds on to the next

grampi50

No I haven't, but I don't like mileage restrictions. Do they have restrictions against using it as a daily driver?

HooosierDaddy

I just signed up with NCM, they were a little cheaper than my previous Hagerty (not enough to write home about) but I wasn't comfortable with the limits Hagerty offers and how they rely on my DD policy to cover uninsured and underinsured.

I now have annually 6000 miles, but he said that if you go over it's not a big deal and there might be a nominal fee associated with it. Same agree value coverage but with NCM I now have proper limits in all areas of my policy. NCM allows for a rider adding Collision coverage while using for competition (track day, test and tune, drags, ect.), Hagerty did not. This rider was just part of the policy so that was an added bonus. That's assuming I read the legal gibber gabber correctly.

Smoken1

You had said you have another car so that would make the vette a second car.. Give them a call and see what they can do for ya

grampi50

What limits? And I don't know how that (with the uninsured and underinsured) can be legal.

msandym

i wouldn’t call it fishy. They’ve been doing this for a long time. They said a specialist will determine that. You were on line with someone who couldn’t make a decision based on what you told them. All these insurers have restrictions or it’s a DAILY DRIVER. I repeat, they’re probably the oldest specialty insurer out there. I’ve been with them 30 years with a few different cars. A specialist will nail down a policy with you. You may not like it, then go with someone else . 30 years, 3 claims handled quickly and no hassles. You’re high maintenance.

grampi50

I'm high maintenance because I want to make sure I'm getting the policy I need? I don't think so...you're a crabass...

Vetteman Jack

Keep the conversation civil please. Otherwise this thread will not last long.

Velocity_Vette

Just call up your typical insurance carriers; even the one you have now. I'm kind of shocked how so many Corvette owners make something complicated that's not really that all complicated. It's going to ultimately vary from state to state and situation to situation but most insurance carriers are going to be comparable to most of these so called specialty insurance policies when people need to realize a 20 year old C5 is not something you need specialized policy on.

As my personal example, Allstate covers my C5 under a blanket policy for all my assets. I have no restriction on driving including mileage or time, I have an agreed upon value based on what I've paid for the car and what I've done to it, comprehensive covered up to half a million for all parties involved, and I pay ~$530 every six months to insure all my cars under this blanket policy. That comes out to less than $90 a month to insure all the cars under the blanket with the same coverage sans the agreed upon which is Corvette only.

grampi50

My insurer for my current vehicles is USAA. I have contacted them about insuring a Vette, but I want coverage that's going to pay out enough for me to actually replace the car in the event its totaled in an accident. USAA does not do this. They will only pay out whatever the market value is of the car at the time of the accident, which won't even be close to enough to replace it.

msandym

Sorry , not a crabass , just a multiple vette owner, experience with a Hagerty

o2bnkc

Why didn't you just tell the Hagerty guy, no, it isn't driven daily. A car is considered a daily driver when it is used to go back and forth to work. It's not that hard of a question.

HooosierDaddy

Limits for everything were basically min except the agree value. I thought the Uninsured & Underinsured thing was a load of crap, they stated that it was an indiana thing and that when we insure for that with our DD it is not for the cars, but for the insured. Horse crap if you ask me, and the reason we moved to NCM. StateFarm was the same as NCM annually, but I prefer the agreed value with NCM.

Short version... Wife works at a legal firm in town and deals with insurance daily. She see's where policies fall short and what coverages are needed. None of them in the office would endorse the Hagerty policy. NCM was every bit what you'd get with your DD polity but has agree value. We carry 250/500 on all vehicles plus umbrella of 1M.

Jackie N

Why do you care? They're not gonna track your driving habits and there's no mileage limits. Even if it was your actual daily driver and you were lying to them, how in the world would they know?

Hagerty is fine. They'll have a policy for you. You chatted with an online rep who probably doesn't even work for them directly.

YzC6

plus, it’s not a complicated question. If the car is not driven in the winter etc it’s not a daily driver.

I have Hagerty for my Chevelle, works fine for me.

rjwvetttt

I've been using Hagerty for a couple years now and been pretty happy except for the price. I'm going back to Grundy Classic Car insurance. All the same coverage just cheaper and no magazine. The magazine has gotten pretty bad anyway and definitely not worth the difference in premium.

striper

I've used Grundy and none of those issues to worry about, easy to deal with too. I had a '37 Chevy street rod which I did drive to work sometimes. Never had a problem.

lewbar32

Velocity Vette....may I ask how many vehicles you have insured under that blanket policy and what years? Our C5 is under our blanket policy along with a 2017 and 2016 Kia vehicles, with the Vette being in storage over our long Michigan winter months and the annual premium is considerably higher. For that reason, I'm curious on what you have. I do know that Michigan no-fault insurance is higher than the majority of states though.

grampi50

4 questions; will they insure for an agreed value, do they have any mileage restrictions, do they have any driving limitations, and how much are their premiums?