[6pack] Hagerty Car Ins. up 14%??

[Vsnively at aol.com]

Dave / Bud,
 
My experience was that the specialty insurance companies offer premiums  
that are a fraction of daily-driver policies. Most are agreed-value policies  
instead of Actual Cash Value. My household and daily-driver agent's proposal 
was  about 2.5 times the rate of my Hagerty. The specialty companies can 
keep rates  low because they're banking on very low annual mileage and the 
fact that  collector's cars are typically garaged, pampered, and only see sunny 
days, for  the most part. A 14% increase on my $200 Hagerty is still a 
bargain, although  I'm not happy about the increase either. Additionally, my 
Hagerty agent is a  major motorhead and promotes our hobby aggresively. Not 
sure what my regular  agent promotes.
 
Regards,
Vic Snively
'75 TR6
 
In a message dated 9/2/2010 1:53:40 PM Eastern Daylight Time,  
forzion at maine.rr.com writes:

I  am not sure I understand the benefit of using insurers like Hagerty,  
Leland, Grundy
and the like....

I simply took my Six to a local  reputable classic vehicle assessor and 
took his assessment
document to  my State Farm agent who insures all my other cars, too. He 
promptly wrote  me
a comprehensive policy for the full appraised value of the car. I'm not  
sure I see the benefit
offered by "classic" car insurance companies.  Seems like fancy wrappings 
for a rather generic
product (car insurance)  giving them a pretext upon which to charge a 
premium for their  premiums!

Dave Friedlander
'74-Six


On 9/2/2010 1:03 PM,  Bud Rolofson wrote:
> Hagerty has raised my premium by almost 14% over  last years premium 
> which I'm very unhappy about.  I know rates  go up because of various 
> factors (excuses by the Ins. industry to  raise rates) but this is the 
> biggest increase I've ever seen from  them and I've had them since 
> 2000. I'm looking to see if a better  deal is out there for classic car 
> insurance.  Anyone getting  better rates or at least not a 14% increase 
> from one year to the  next.
>
> Thanks
> Bud Rolofson
>
> 71TR6  CC57365 (Good 6)
> 66TR4A CTC57806 (The Wreck-Almost parts)
>  66TR4A CTC57529 (The Project)
> 71F-250 Camper Special (Triumph Support  Vehicle)
> Z-50A Hardly Davidson 1977 Honda Mini-Trail Bike (Triumph Pit  Bike)
> levilevi at comcast.net
>  _______________________________________________
_______________________________________________

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