NCM Insurance?
#1
Burning Brakes
Thread Starter
NCM Insurance?
Does anyone here use NCM insurance for their C6? Has anyone ever had to file a claim, and if so how were they about it and were they sticklers about how the vehicle was being used? How about annual mileage? My C6 is a weekend car but I DO drive it and 6,000 miles a year may be tight. Conventional insurance companies are out of the question as they are more than 2x as expensive and will only provide market value, not agreed value.
I have had Hagerty since I purchased the car but despite reviewing my plans for the vehicle with them months ago, I'm now told that I have to "apply" to maintain my coverage because of the level of modifications I have made to my car (over 650hp when it's finished) or they may drop my collision. Obviously this isn't going to work so I may be forced to look elsewhere. I spoke with NCM earlier today and the pricing was comparable, actually a few dollars cheaper, but seems to be a bit more restricted on use.
Thoughts?
I have had Hagerty since I purchased the car but despite reviewing my plans for the vehicle with them months ago, I'm now told that I have to "apply" to maintain my coverage because of the level of modifications I have made to my car (over 650hp when it's finished) or they may drop my collision. Obviously this isn't going to work so I may be forced to look elsewhere. I spoke with NCM earlier today and the pricing was comparable, actually a few dollars cheaper, but seems to be a bit more restricted on use.
Thoughts?
#2
Safety Car
We just switched to a company called Goodville. Excellent coverage, WAY lower rates than what I was paying. NCM and other collector agencies make you have one car for each driver in the house, which we don't. I'm paying $85 a month for both the Vette and the Cadillac.
#3
Race Director
I’ve never had a claim with NCM but have had them for years. My car is heavily modified at a agreed value. They will only match your existing policy limits. I’m not sure how some of these people get such cheap insurance premiums unless the limits are low with inexpensive vehicles.
#4
Burning Brakes
Thread Starter
Thanks, I'll check them out tomorrow!
#5
Race Director
Member Since: Nov 2017
Location: Prosper TX/Austin TX
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2020 C6 of the Year Winner - Modified
I switched to NCM back in April from our other insurer & it cut the rate on the Corvette in 1/2. I have the 6,000 mile limit on my policy but they also have unlimited mileage as well. I didn't see any restrictions in my policy documents as far as driving the car, leaving it out overnight, etc. as others have mentioned with other insurers. I sent them a list & pictures of all my mods & have the agreed upon value. When the policy comes around for renewal I'll re-evaluate the agreed value as I'll have many more mods at that point. I can't answer your question about a claim, but I've been happy with the service and communicated from them. I paid in full for the year but it comes out to about $75/month for the Corvette.
Last edited by JABCAT; 11-20-2018 at 10:27 AM.
#6
Burning Brakes
Thread Starter
I’ve never had a claim with NCM but have had them for years. My car is heavily modified at a agreed value. They will only match your existing policy limits. I’m not sure how some of these people get such cheap insurance premiums unless the limits are low with inexpensive vehicles.
#7
Burning Brakes
Thread Starter
I switched to NCM back in April from our other insurer & it cut the rate on the Corvette in 1/2. I have the 6,000 mile limit on my policy but they also have unlimited mileage as well. I didn't see any restrictions in my policy documents as far as driving the car, leaving it out overnight, etc. as others have mentioned with other insurers. I sent them a list & pictures of all my mods & have the agreed upon value. When the policy comes around for renewal I'll re-evaluate the agreed value as I'll have many more mods at that point. I can't answer your question about a claim, but I've been happy with the service and communicated from them. I paid in full for the year but it comes out to about $75/month for the Corvette.
The use and storage restrictions are (reasonably) well spelled out though in my proposal, being used "primarily for occasional pleasure use" and "stored in a fully enclosed and lockable permanent structure".
#9
Safety Car
That's not a surprise. They're an Amish company based out of PA. We switched because we were getting screwed over with SF. Raising rates constantly, and when I'd take the collision off for the winter, they would take two extra months of higher rates before they'd lower it, then when I added it back on in the spring, they'd double the rates for three months, but not start adding it until the second month after I'd call and tell them to put it back on. I had a sit down with the NCM reps at Carlisle in August, gave them my existing policy then, and they went over everything with me. The rates weren't more than $20 less than I was paying SF, plus the restrictions of mileage, storage, and the big one for me was having to have a vehicle for each driver in the household is what kept me away. There's just me and my wife, and we're both retired. So we have our daily car and the Vette. I wasn't buying another car just to get insurance. That's why we didn't go with Haggerty or NCM. But they're both excellent companies.
#10
Race Director
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2020 C6 of the Year Winner - Modified
Thanks for the reply! Interesting they have an unlimited mileage version, I was told they highest they had was 6,000 (as well as 3,000, and I think 1,000). That price is close to what I was quoted which was in the low 9's for the year.
The use and storage restrictions are (reasonably) well spelled out though in my proposal, being used "primarily for occasional pleasure use" and "stored in a fully enclosed and lockable permanent structure".
The use and storage restrictions are (reasonably) well spelled out though in my proposal, being used "primarily for occasional pleasure use" and "stored in a fully enclosed and lockable permanent structure".
#11
Drifting
Member Since: Nov 2000
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I have NCM insurance for 3 years after a bad experience with Hagerty. I have had one claim, with a broken headlight from a stone. I put the claim in on a Monday, had a full paid check on Wed.
Ed
Ed
#13
Burning Brakes
Thread Starter
#14
Safety Car
Member Since: Aug 2006
Location: Port St. Lucie West Florida
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no real mileage restrictions with Grundy and I can take it out for a cruise and out to eat. I cannot take it shopping. I can go to the car shows ( of course) it is a third car for 2 drivers and I do not use it that much. It’s always garaged. Grundy was over 3 hundred less than Hagerty.
Last edited by enventr; 11-21-2018 at 11:08 PM.