Collector Car Insurance - Who Do You Use?

[GoodysGotaCuda]

I have been using Hagerty for my 'Cuda and would like to shop around and compare what others seem to be experiencing and paying for their premiums. I do enjoy driving my car and take it to work on occasion, I'd like a policy that lets me use the car.

I am 32 years old, no speeding tickets/DUIs/Accidents/etc. Owned the car for 17 years, Class A CDL holder, BS in Mechanical Engineering, MBA, Married for 10 years, outstanding credit score, I am seemingly a low risk driver overall.

The 'Cuda is set up as a "modified" car, obviously, which seems to add a significant amount to Hagerty's premiums. It's insured for $60k and the annual premium is $1,202. I have done the quick quote with Grundy and it came back at $598 [HALF!]. Have you used Grundy? What are your thoughts on them?

[ilikeike]

I’ve had Grundy for 4 yrs. I remember it being much cheaper than the Hegarty quote.
I don’t know how good they are to deal with when you have a claim, since I’ve never had one.

[anguilla1980]

I also have Grundy. I'm covered for $50K on my 69. Very happy with the annual premium and the coverage limitations.

That said, I would recommend NCM insurance just as highly. I had them for years and have only been with Grundy for several months. Never made a claim on anything tho.

[Kcrain]

I have a 69 Chevrolet insurances Though American Collectors on a modified policy. Have filed 1claim the car was in the garage during a house fire insurance paid no questions asked that to shop of my choice. Rates very reasonable no deductible.

[BMR Sales]

I use Heacock Classic but will probably change when it comes up for renewal. I haven't had issues but they used to be Local so I supported them. They also don't have some of the benefits that Hagerty does.

[Schwartz Performance]

We use ANPAC quite often, and have worked with them on insurance claims. Hasn't been too bad of a process.
They have a classic car insurance, and make sure to get an appraisal done to show replacement costs.

-Dale

[77thor]

I have had a American Modern P&C Insurance policy from Classic Automobile Insurance Agency for many years.
They are competitively priced. But I've never had a claim though.

[lxg44]

We use ANPAC quite often, and have worked with them on insurance claims. Hasn't been too bad of a process.
They have a classic car insurance, and make sure to get an appraisal done to show replacement costs.

-Dale

Schwartz Performance built my car and I followed their recommendation to use ANPAC. They insured my car for full replacement cost. They were very good to work with through the appraisal process and valuation.

[TheJDMan]

I currently have Dust Off insured with Grundy. I was with Hagerty but Grundy was half the premium for the same 50K agreed value coverage. I have never filed a claim so I can't speak to how they settle.

[eville]

I have hagerty but apparently need to look at Grundy.

[T/A Addict]

I had American Collectors but they are very restrictive on usage, I want to be driving my cars more often so I started researching which ones were more free with trips to work, errands and just plenty of joy rides. That said I went with Berkley Classics, I can now drive them pretty much as I wish.
Grundy is also less restrictive..... I could have gone with either but I was in contact with an rep for Berkley over several days going over options and coverage's and liked his effort and help.

[nokones]

I have Hagerty covering 100K stated value on my 89 C4 Corvette. My restrictions are: there is no coverage while on-track or in grid however, I do have coverage in the paddock. Also, there is no coverage if I decide to compete in a car bouncing (Low-Rider stuff) event. So far, I have not had a claim so, no experience, and my premium is $1,085/yr.

Since, I have Hagerty, and living in Arizona, I am exempt from having my car smogged so, I was able to register my car with no problems.

[srode]

I have Grundy for insurance on my 69 Pace Car. They were much less than Hagerty. I've never had a claim with them, have had them for about 8 years now. I have heard of others that have had claims with zero issues.

[minendrews68]

I have Hagarty on my '68 Camaro with $22k coverage, cost is almost $400/yr. I just went on Grundy's website and set it up just as Hagarty is only with $45k insurance. Their cost is $323/yr. Looks like, with what everyone is saying here, I need to call Grundy tomorrow and check them out. I will let everyone know what I find out then.

[Motorcitydak]

I have been using Chubb for years now. Prices were good (for coverage in Michigan, which is usually double what every other state is). One big decision to go with them was because other places literally would hang up on me if I mentioned I might take a car to a track day. Chubb was totally cool and understanding, just said that I would not be covered once I crossed into the pits. Once I leave and hit a road, I am good again. I just get track day insurance when I get out there

[minendrews68]

Just got off the phone with Grundy insurance. The lady was very helpful and quite pleasant. I had called to see what if any stipulations there were on use of my Camaro. She told me that (naturally) it's not covered at any race events, the insured classic car cannot be the primary driver. It can be used for things like going to car shows, dinner, just about anything you want to do. She also told me that there were no mileage restrictions (Hagerty did have mileage restrictions per year). My Hagerty was going to be $471/yr with no modifications to the car and a 2500 /yr limit on mileage (without a upcharge for more mileage), for $45000 coverage. I am currently paying high $300/yr for $22000 with mileage cap. The Grundy is $323/yr, no mileage restrictions for $45000. I do not have any idea how they are if you have a claim. Everything I've read says they either haven't had a claim or there were no problems. I was asked if the car was stored inside a garage most of the time by both companies.

Just a little something to think about.

[GoodysGotaCuda]

Just got off the phone with Grundy insurance. The lady was very helpful and quite pleasant. I had called to see what if any stipulations there were on use of my Camaro. She told me that (naturally) it's not covered at any race events, the insured classic car cannot be the primary driver. It can be used for things like going to car shows, dinner, just about anything you want to do. She also told me that there were no mileage restrictions (Hagerty did have mileage restrictions per year). My Hagerty was going to be $471/yr with no modifications to the car and a 2500 /yr limit on mileage (without a upcharge for more mileage), for $45000 coverage. I am currently paying high $300/yr for $22000 with mileage cap. The Grundy is $323/yr, no mileage restrictions for $45000. I do not have any idea how they are if you have a claim. Everything I've read says they either haven't had a claim or there were no problems. I was asked if the car was stored inside a garage most of the time by both companies.

Just a little something to think about.


“Pretty much anything” include driving to work?

[ilikeike]

“Pretty much anything” include driving to work?

Driving to work on a Friday once in awhile or a run to the corner store isn’t a primary driver.
If you drive to work in it every day I think that’s almost a definition of primary driver.

If you’re under 3000 mi a year, I’m pretty sure you’re okay.
I’m only around a 1000 a yr. and I think I drive it a lot.

[GoodysGotaCuda]

Driving to work on a Friday once in awhile or a run to the corner store isn’t a primary driver.
If you drive to work in it every day I think that’s almost a definition of primary driver.

If you’re under 3000 mi a year, I’m pretty sure you’re okay.
I’m only around a 1000 a yr. and I think I drive it a lot.

I hear you but I’d hate to be caught in the grey area. I’ve driven mine pretty extensively and have built it to do just that.

Obviously it’d be my last choice in poor weather, but I’d like to hop in it and go as I please.

[minendrews68]

My understanding a occasional drive to work would be fine. She said it just can't be your primary driver, and I think storing in an enclosed garage is pretty high on their list of wants. I suppose if someone didn't have a garage their insurance might be higher.

[2yellow69]

"How Can I Use My Car?

Grundy wants you to enjoy your car, not keep track of mileage like some programs with limitations. Therefore, we give you unlimited miles for pleasure driving and in collector car-oriented activities. It is even OK if occasionally you drive your collector car to work to show it off to friends. However, your collector car must not be used as a daily driver. We require you and all licensed drivers in your household to have a modern car for everyday use.

When you have your car at home, it must be kept in an enclosed, secure garage when not in use. If you are away from home on extended outings your car is fully protected if you must park it outside, for example in a hotel parking lot. Grundy coverage includes Trip Interruption that reimburses you for hotel and repair costs in the event of a breakdown, and we also reimburse you for towing and labor charges up to $250. You can count on Grundy as you cruise."

That is straight from the Grundy home page. My '69 Camaro is insured for $40k and runs $240 per year. Our '74 Nova is $105 a year for $20k. I've had them for about 15 years and luckily have never had a claim.

[groho]

My coupe doesn't come close to the value of some of your cars, just renewed my AMIG (american modern ins grp) which covers my 66 coupe and the car trailer, no mileage limitations, use as I want, just not covered once I'm on the track, $320 for the year.

[sweet motion]

I have Grundy insurance,1969 Camaro I pay 440 a year for $60000 value.

[oleyeller]

I just received quotes from Grundy and Hagerty and they were twice what AMIG wanted for the same coverage.... 67 Camaro @$60K.

[sqrlnts]

If you have another "daily driver" vehicle, it's my guess that Grundy would not know if you drove the car every day to work. How could they, its unlimited miles? I highly doubt they will interrogate your coworkers if you happen to get into an accident. Just my thoughts.

[ModernMuseum]

I've been reading through the information here to try and get a better idea of who to go with for insurance. I got a quote from Grundy, valuing my 69 bird at about $70k for about $550/yr with a $500 deductible. In finalizing the paperwork, I go thte following acknowledgement of use form to sign:


In consideration of the premium charged, it is hereby understood and agreed that any vehicle
insured under this policy will be used for hobby purposes and exhibition and will not be used
primarily for general transportation. It will not be used for backup transportation, or for errands,
except for occasional pleasure use. It will not be driven to work or school or used for business or
commercial purposes. The vehicle will not be used for towing, hauling or off road use.
It is further understood and agreed that nay vehicle insured under this policy will not be used
to participate in any rally gymkhana, speed contest, race or timed event of any kind.

Is this typical for Grundy or is it just the options I selected? They make it sound like I can't drive the car at all. If it's a nice day, I might drive it to work once in a while. I do have multiple vehicles which are my primaries.

[anguilla1980]

I have Grundy. As mentioned, don't drive it to work or run errands in it, but you are free to use it for pleasure driving, car club events, etc. with unlimited mileage. It's all about minimizing the time the car is alone without you in a parking lot to reduce risk.

That said, if you feel your work parking is secure enough that you don't worry about your insurance being in effect, go ahead and drive it to work when you feel the reward is worth the risk.

Hagerty on the other hand I avoided because everyone has told me they do have mileage restrictions.

[Motorcitydak]

I’ve been using Chubb for over a decade now. Never had to make any claims on anything, perfect driving record, etc….. their prices are good and NO usage restrictions. So no need to worry about explaining why you were driving your car. Another positive I have from them is that we spoke about track days/HDPE. All they said was that my coverage stopped when I entered the pits and started again when I left. I multiple other carriers say they wouldn’t even cover me if I went to those.

[anguilla1980]

and this is for an agreed value policy that Chubb has no restrictions at all? Do you know who their underwriter is?

[Motorcitydak]

I have an agreed value as well as $2000 off spare parts coverage. I will talk to my rep every year or two and adjust the amount as the market reflects. I’ll have to check later who their underwriter is. One thing is they do not offer coverage in every state. I’m in Michigan and they offer it here but not when I lived in South Carolina. They will just ask to get a few pictures of the car in the area it is stored. They have never asked to see the odometer since there is no usage issues. If interested, send me a pm and I can give you the contact number for the person I deal with.

[gto406]

I have Grundy. As mentioned, don't drive it to work or run errands in it, but you are free to use it for pleasure driving, car club events, etc. with unlimited mileage. It's all about minimizing the time the car is alone without you in a parking lot to reduce risk.

That said, if you feel your work parking is secure enough that you don't worry about your insurance being in effect, go ahead and drive it to work when you feel the reward is worth the risk.

Hagerty on the other hand I avoided because everyone has told me they do have mileage restrictions.

The other drawback with Hagerty, is the fact that they now dictate ‘value’ based on their own database of ‘market valuations’. To me, Hagerty’s values always seemed to be low.

If you are in the ballpark and are willing to pay the insurance premiums, agreed value is basically that - agreed between parties (insurer, insured), right?

An insurance company tracking market value is ‘to some extent’ a conflict of interest. It has also eliminated independent appraisals.

I would have been happier if Hagerty linked up e.g., w/Kelley Blue Book or similar - an institution independent from any single insurance company.

[STREETFIGHTER50]

I’ve been with Grundy for the last couple of years as well. Never made any claims though.

[Jk918]

I have an agreed value as well as $2000 off spare parts coverage. I will talk to my rep every year or two and adjust the amount as the market reflects. I’ll have to check later who their underwriter is. One thing is they do not offer coverage in every state. I’m in Michigan and they offer it here but not when I lived in South Carolina. They will just ask to get a few pictures of the car in the area it is stored. They have never asked to see the odometer since there is no usage issues. If interested, send me a pm and I can give you the contact number for the person I deal with.

When I looked on Chubb website it indicated hobby usage, doesn't mention pleasure driving. Most of these policies are fairly restricted or i tend to feel that way, when the weather is nice i want to use and enjoy it as much as possible. Although a lot of those trips aren't covered, to work, quick run to the grocery store, taking kids to practice or out to dinner etc.

[Motorcitydak]

When I looked on Chubb website it indicated hobby usage, doesn't mention pleasure driving. Most of these policies are fairly restricted or i tend to feel that way, when the weather is nice i want to use and enjoy it as much as possible. Although a lot of those trips aren't covered, to work, quick run to the grocery store, taking kids to practice or out to dinner etc.

I sent you a pm with info for the person I’ve been dealing with for years. Always preferred to talk to someone about the specific details vs what info can be found online. Good luck!