I have looked at a lot of previous threads but haven't learned much. I am looking for an agreed amount policy with no mileage limits. Grundy seems to be the place for that. My 2012 Base is not my daily driver, we have 3 vehicles and only 2 drivers in the house, so that is covered. But I did see a lot of info in the threads about exclusions, parking lots, road trips etc. Not concerned about towing since I have AAA just for that. My regular rates went up a lot and I finally got someone to explain it to me...We are old! My wife just celebrated a birthday and we are now both over 70. Just looking for some real world experience with either Grundy or another classic car insurance company that won't tell me where I can travel. That was my mother's job a long time ago! Thanks to all.

 

I have Hagerty. It an agreed amount on a payout should it get totaled or stolen. I can drive it as much as I want and I would also get to keep the car to part out should it get totaled. 2005 Corvette. 550.00 a year. I hope this helps.

 

When you tell us how much your paying in premiums per year, please don't forget to mention how much your collision and comp deductible is .. that makes a big difference in the price your paying for car insurance.

Also how many miles per year that you tell your insurance company you are putting on the car ... another factor in the yearly premiums.

 

Fair enough... 500.00 deductible and the car is insured for 25,000. I hope this helps.

 

I do not have to tell them about the miles I put on as they do not care. I can drive it as much as I want as stated on above post.

 

I have been covered by Grundy for 15+ years and recommend them often. No mileage limits, agreed value, good service on the one claim I had to make and reasonable rates. Now my rates are skewed because I have five "specialty vehicles" insured with them, a long association, and an almost spotless driving record (the one claim was a single vehicle, no injury, many years ago, but MY fault). For my 2013 base coupe I pay $352 a year, $36,000 agreed value, zero deductible. Give them a call.

 

Neither Grundy or American modern will limit you at all other than mileage limitations.
Grundy has a more unwritten rule and suggests to keep under 5k miles, but nothing is defined mileage wise in their policies.
Hagerty has told me on more then. 1 ocassions it’s to and fro car shows. If I stop at target or for ice cream on the way and something happens, it’s not covered. That coupled with them consistent fly being 2x-3x the competitors, I never used Hagerty

 

I have said it before and I will say it again. People post BS so it is up to you to make the phone call and see who is posting BS. I have no limit on how many miles I can drive. good luck with your search and please post what you find out.

 

I've used Grundy for years to cover my rods and customs and I currently have my 08 covered by them as well. I've always had excellent claims responses and reasonable prices for coverage. Wouldn't consider any other company, even to save a few bucks.

 

Thanks for the input all. I will double check but I am almost 100% sure Hagerty has mileage limits. I expect to do about 10k a year and don’t want that hanging over me. grundy gave me an initial quote of $462 with zero deductible. I still need to review liability limits and might move them up but that most likely won’t raise premiums much, And as a point of info here in SC windshield replacements have no deductible. That is also shown on the quote from Grundy. Thx.

 

one thing I will warn you of is that if you do 10k a year, technically a collector policy is not applicable to your situation.
the grey area is that if you have another car that you call “a daily” you can get away with it, but I suggest you proceed with caution doing this and treating your collector as a regularly driven car.
insurance companies are not in the business of losing money and they have no problems denying claims and pushing legal issues out years with lawyers. Ask me how I know

 

My Callaway Carbon Edition is insured through Grundy for $85k, $0 deductible, no mileage limits, $1,065/yr.

 

I think I have seen more gray areas with Hagerty but none with Grundy, and I don't count a SUGGESTED mileage limit as anything. Got a call out to Grundy and will post final details. Thanks for all the feedback. This forum is a great resource.

 

the point was that if you are driving your toy 10k miles a year, it’s really a daily.
that’s the grey area.
Just tread lightly and realize a collector policy is not appropriate for that kind of driving.
These policies are 1/2-1/3 the price of a normal policy because the intent is for cars that are not driving regularly which equates to less risk for them.

 

Are companies like Haggerty/Grundy usually better than say Geico for cars like my 08 vett that definitely is not driven 10K per year?

 

Mr. PMP, point taken. However in my case it is definitely not a DD. We have 2 other vehicles and Grundy makes a point of asking for a registered vehicle for every family member OTHER THAN the collector car. We are retired so there is no work travel and I take the car out maybe twice a week, just to drive around and enjoy the car before I get too old to do it. But we do go on road trips. So far this year we have gone on 3, about 1500-2000 miles each. Total vette miles since last August is about 8500. Might not hit the 10K limit I asked about but having had a lease vehicle at one point and creeping up to the mileage limit, I don't want that on this car. I filled out the Grundy app and will be calling them later today with a CC.
As to the question if these companies are better than your normal insurance company, that is too wide a question. IT all depends on your use. They are cheaper and I guess their calculations show owners of these types of cars generally treat them better than a DD, but sa this thread is pointing out, there are some limitations as to what you can do and where you can go with some of these companies. Insurance is insurance and if they can find a way to deny the claim, they will. No knock on insurance companies intended, but they are in business to make money. As also said here you have to do the hard work of looking at all the details, asking for reviews as I did, then making the call if switching to them is best for your situation. Not an easy task.

 

Let’s be real here on the mathematics of things.

people go with collector policies because it is cheaper! More so it is cheaper to get an agreed value.

The reason they are cheaper is because collector cars are treated as leisure toys and driven less.
if you drive less, you are less of a liability, hence you are less risk and they win your business over a traditional policy because they can provide insurance cheaper.

anything else or any other reasons are all frills.
there is zero value to picking a policy like this other than to save money on a seldomly driven car and lower cost on agreed value.

 

I also use Hagerty (for the past 20 years). This year they agreed to add our 05 coupe to the policy. $23k agreed value and 0$ deductible. $525 annual premium. No limited use or mileage stated in the policy.
Roy 👍

 

Thanks for another YES vote Roy. I filled out the online app and there was a technical issue with the electronic signature attached to the app. Took a phone call or two but got it worked out and it is now at underwriting. $30k agreed value for my 2012, no deductibles. No limit on mileage and I got a reply in writing from someone answering questions I had about hotel parking etc. They even said it was OK to do occasional out to dinner stuff. All in all a good experience with them so far. I will update on final cost when I get it, but the original quote was $426.

 

The primary reason to get a collector car policy and/or agreed value policy is to ensure you receive the actual market value of your vehicle should it be deemed a total loss. My VIN simply shows a 2011 Z06 and that's what standard insurance companies would value it as if I had a loss claim. The reality is that my car is worth significantly more than a standard Z06 (double or more) and I don't have to argue with the insurance company re: it's value should I have a total loss.

The bonus is that my premium is significantly cheaper than standard insurance.