Insurance
Thread Starter
Instructor
Joined: Mar 2017
Posts: 115
Likes: 17
From: Summit,Il
Insurance
Ok I know this has been answered a million times. I have Insurance from NCM . I have been hearing horror stories about them. Is it better to change to Grundy or Haggerty??? My policy expires next month. Does NCM pay if you have a claim??? Thanks
Drifting
Joined: Mar 2015
Posts: 1,421
Likes: 302
From: CSRA, SC
I've gotten quotes from all those and they were all way, way higher what I pay for Geico for full coverage and a $500 deductible, uninsured motorist, etc, the works. It has always seemed to me that collector car insurers have a vendetta against late model cars. Why not just get mainstream insurance?
Le Mans Master
Joined: Feb 2007
Posts: 9,294
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From: Oviedo Florida
2024 C5 of the Year Finalist - Modified
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I don't have NCM insurance ,now.
When I did they paid a claim without
any problems.
When I did they paid a claim without
any problems.
Drifting
Joined: Jul 2017
Posts: 1,365
Likes: 471
From: S.E. Pennsylvania
Research rates online from both mainstream insurers and collector car insurance companies. You must decide what's best for you. You'll get 20 different opinions from your question but you are the one to make the call. If you do a search you'll find the same answers again and again...I was with American Collector's and Grundy but canceled both due to overly restrictive rules.
I bought a policy from Hagerty that has almost no restrictions except cannot be a DD... I pay about $500. a year... Pay more = less restrictions, pay less = more restrictions...
I bought a policy from Hagerty that has almost no restrictions except cannot be a DD... I pay about $500. a year... Pay more = less restrictions, pay less = more restrictions...
Melting Slicks
Joined: Jan 2016
Posts: 2,398
Likes: 768
From: jefferson texas
I really don't care for restrictions on use etc so I went with Geico. Reasonable rates and when one of my other cars was hit, twice for crying out loud, Geico took care of it without hesitation and quickly. Nothing but positive experience with them.
Race Director
Joined: May 2003
Posts: 14,137
Likes: 2,984
From: Iowa
St. Jude Donor '03 thru '26
That's great that Geico is cheap but if they total your vette, what are you going to get? $12K maybe? I personally like the agreed value collector car insurance companies have. For instance, my heavily modified 02 would total out at $40K
Melting Slicks
Joined: Nov 2014
Posts: 3,399
Likes: 1,339
From: Havre de Grace Maryland
Insurance rates are determined on many stats that include claim history (fault and no fault), traffic violations, driver(s) age, number of drivers in family, how many cars insured, age of cars, any used in commuting to work or retired, total miles driven, and then what other coverage's are selected. I am insured with Kemper, have 3 cars, retired, drive less than 5K on each car, $500 ded on coll, and pay $381 a year WITH NO RESTRICTIONS.
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Drifting
Joined: Jul 2017
Posts: 1,365
Likes: 471
From: S.E. Pennsylvania
Insurance rates are determined on many stats that include claim history (fault and no fault), traffic violations, driver(s) age, number of drivers in family, how many cars insured, age of cars, any used in commuting to work or retired, total miles driven, and then what other coverage's are selected. I am insured with Kemper, have 3 cars, retired, drive less than 5K on each car, $500 ded on coll, and pay $381 a year WITH NO RESTRICTIONS.
No, just for my '04 vert M6.
Le Mans Master
Joined: Feb 2007
Posts: 9,294
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From: Oviedo Florida
2024 C5 of the Year Finalist - Modified
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2016 C5 of Year Finalist
is the way to go. Mines a 2000 hot rod, $75,000.
Instructor
Joined: Jun 2016
Posts: 126
Likes: 32
2017 C5 of the Year Finalist
If your car is valued at or under bluebook, perhaps geico. I'm assuming it's not..so you'll get screwed in an accident. Agreed value or bust. My vette and camaro are both with Haggarty.
Last edited by kcobain147; Apr 16, 2020 at 03:36 PM.
Melting Slicks
Joined: Nov 2014
Posts: 3,399
Likes: 1,339
From: Havre de Grace Maryland
