Classic/Replica Car Insurance

[520SC]

Hagerty, Grundy, American Collectors and others -- are they trustworthy? I've heard horror stories about these insurers refusing to pay for collision or comprehensive damage. Has anyone experienced any run-arounds when dealing with insurance claims with these classic/replica underwriters?

[FB54DM]

No problems, but I just switched from Heacock to State Farm and saved $120./yr.

[Island Cobra]

What happened to your car?

[520SC]

He didn't say that he's ever filed a claim. We're interested in knowing who's ever filed a claim with Hagerty or Grudy, and how they reacted to that claim.

[maurice19]

Midwest is very trustworthy.
Maurice Lawrence

[Davereeves]

I had a 1957 ford del Rio wagon insured by hagerty that burned to the ground. NO problem getting them to pay off. $15,000. When I switched from my 33 ford 5 window coupe to the cobra replica though my premium jumped considerably.

[jhv48]

I know it doesn’t answer your question but I thought I’d throw in my experience with my insurer.
My cobra has been hit twice. Both in the front end. No frame damage. Only fiberglass repair and paint. First one cost $17,000 to repair. Second one was only $7,000. Both were handled by State Farm without even blinking an eye at the estimates. I chose a shop that specializes in glass repair and they’re not cheap. Adjuster just looked at the car and signed the check.
That kind of service is worth more to me than going with the cheapest company.
My wife just totaled our 2011 Shelby GT500. I never even hesitated to accept their payout offer. It was exactly what my research showed the car was worth.

Just sayin.

[Mr wrench]

Don't go with hagerity. I had them on my 1st cobra. I also have had hagerity on my t bucket. After a mechanical failure. an oil line fitting broke while driving. Oil everywhere under tires hit a parked SUV.. Total loss. Hagerity did pay for everything. I had paid for a complete yr of coverage. But after discussing with them. I planned to find another cobra. Hagerity agreed to just apply my coverage to the new car. Took about 4 weeks to find what I wanted. After discussing with hagerity several times they agreed to cover my new car. I have no accidents before that point. No tickets. When I have them the new car info. The next day they canceled me.. Pissed me off. So I checked around I have 10 other vehicals all with state farm. Called my agent . statefarm now has a classic car insurance. State farm had better coverages & lower price than hagerity. Also have a stated value on vehicle coverage. Screw hagerity. They lied to me. Mis lead me for a month.
I would never use hagerity again.

[txcobra]

I had Haggerty before and it was simple to get insurance, no claims though. Now trying Grundy because they are half price of Haggerty but it is like pulling teeth to get ins with them as you have to fill out all paper work and send in along with check then wait for days or week for response. I might give state farm a call since I have my other vehicles with them.

[Danr55]

I've not filed with Haggerty or Grundy, but recently filed a claim with State Farm. No hitches no discussions. They ponied up 5 days after the incident with no questions. Increase in yearly payments is only $132.00

[nathanmargolis]

I use American Modern Insurance out of Cincy on a 1969 and 2015 Corvettes that were totaled in Hurricane Harvey last August because of flood waters. Both cars were stated value and received full dollar.
Both the replacement cars are insured by them, another 2015 Corvette and a Backdraft Cobra. Could not imagine them treating other claims any other way.
In being around this stuff for over 20 years, have never heard anything negative about companies you mentioned.
Just make sure you have stated value and you should be fine with all the companies mentioned.

[CSX 4133]

Long time Hagerty Insurance policy holder on multiple cars and car hauling trailer. I've never had a claim with them, but have always found them to be able to answer questions/concerns on coverage updates.

[davekp]

For those of you that have Haggerty, Grundy, etc. Do you do any errands in your insured car, or do you stretch the truth and chance it? These policies forbid this. Most allow special events and pleasure use only but no errands- trips to the bank, library, out to lunch, movies, grocery store, 7-11 etc.

[ErikinSC]

I just tried to quote with Hagerty. Seeking an ACV policy. 2010 Backdraft, 427, I gave a realistic use of 1,000 mile / yr. completed the High Performance driver questionnaire, own a Porsche Macan, but no other “HP” vehicles, and they declined to cover. Looks like I’ll be looking at another company.

[hauss]

I have had hagerty for two years only had issues with the toe service called someone in new york to help me in california. Sat for two hours, never called me back to tell me the tow had been canceled! I now use AAA tow service and just the agreed value for the car with hagerty but that's it.

[Hotoxide]

As an AARP member I use Hartford for my cars. Hartford would not cover the Cobra, they referred me to Hagerty. They quoted me almost $2,000 but then turned me down. Hartford then referred me to American Modern. They covered me and the cost was less than $600.

Dave and SNAKE65 - did not tell AM Hagerty's price

[twobjshelbys]

American Modern.

[marklotus]

Hagerty does not like to insure replica Cobras. I had my CSX continuation Cobra insured for several years with them but when I got a Kirkham they said their policies changed and the rate jumped. I went with Heacock for a much more reasonable rate. Hagerty does have a great reputation for paying claims, Grundy not so much.

[twobjshelbys]

Originally Posted by marklotus

Hagerty does not like to insure replica Cobras. I had my CSX continuation Cobra insured for several years with them but when I got a Kirkham they said their policies changed and the rate jumped. I went with Heacock for a much more reasonable rate. Hagerty does have a great reputation for paying claims, Grundy not so much.

I bought my CSX at Barrett Jackson in 2009 and the cashiering area had booths from all the insurance companies and shippers. They had dropped a flyer from the (then) new Barrett Jackson insurance (which was a re-wrapped AIG Private Client Group) so got a quote from them and then went to the Haggerty booth. They said at that time they were not taking any new Cobra policies. The reason they gave was that they had had some huge loss payouts (fatalaties) and their underwriters weren't allowing them... The BJ/AIG rate was ridiculously low since I had other cars. (I guess they figure you can't drive all of them at once.) When I got my GT i stayed with AIG but when we moved to NV the American Modern rate was less so I switched.

The company that writes the policies (Bridgepoint) now second sources American Modern. They also have daily driver and homeowners through Auto Owners that had the best rates we ever had anywhere but they don't sell in every state.

[34fords]

Would you guys mind saying how your Cobra is titled ? I don't know if the insurance company's look at that but I do know the tax people do. Thanks