Originally Posted by JHZR2
I shopped Hagerty amongst others. I currently have American Collectors, which was cheaper with a very substantial use rider. $563 for one $20k car that sees limited use sounds high unless your driving record is poor. I pay about that for max coverage in NJ on over 50% more car value, and riders.
Keep in mind that these classic insurance policies, unless covered with a riser, really only cover you from your secure parking spot (enclosed, locked garage) to and from car shows and events. Even other uses (overnight stops) can be disallowed based upon the policy terms.
American collectors allows for up to 6500 miles a year of commuting, which provides you assured coverage if you use the car for something and it get hit at the supermarket or restaurant.
WhenI shopped last, the agents were very wish washy, as were details. We "might" cover you for manny things was used a lot. Might cover if you're liable for damaging someone else's property is a major issue. You want definite coverage.
I have shopped American Collectors, and actually liked what I saw enough to consider switching. Now that I have two cars I'm insuring, I should switch back. The folks I know who have HAD to make a claim speak very highly of the process, but then I've also heard much the same for both Hagerty and Grundy.
One thing I will say for Hagerty is it seems like they do a lot in terms of actually supporting the classic car hobby. I know that at car shows and the like, they often have a very visible presence, and I've heard of them sponsoring restoration projects on some interesting cars.
My exact details on this are hazy since I didn't participate, but I know that when the 5-year "All Register" MG meet was in town a few years ago Hagerty did quite a bit with the show. If I'm not mistaken, if you were signed up for one of the sanctioned drives in the event, they covered you completely for the duration of the drive.