Hagerty Denied my MM's, need other options.

[Zack]

Apparently being truthful on your application leads to:

'Your cars have too much horsepower for them to fit our program'

Give me a break.

Who is using who for modified cars?
I have a regular insurance company which will insure them, but I'm obviously looking to save money.
Thanks in advance.

:violin:

[Haggis]

Apparently being truthful on your application leads to:

'Your cars have too much horsepower for them to fit our program'

Give me a break.

Who is using who for modified cars?
I have a regular insurance company which will insure them, but I'm obviously looking to save money.
Thanks in advance.

:violin:

Hagerty turned me down to, said my daily driver was to old. F them I went with a local ins. co.

[2,4shofast]

I'll PM you some info Zack.:beer:

[RubberCtyRauder]

Grundy is one, check with Jerry, I think he has Classic underwriters or something like that

[RubberCtyRauder]

Also your regular local insurance may not be guaranteed value, unless you have that type if policy , mine wants an appraisal to get that and then that may or may not be what I want. I'm also presently looking into it

[2,4shofast]

Also your regular local insurance may not be guaranteed value, unless you have that type if policy , mine wants an appraisal to get that and then that may or may not be what I want. I'm also presently looking into it


I send you who I use, they have been great to work with.

[BigM460]

Try Grundy. Have them on the 68.

[lji372]

grundy is where i'm at for all the vehicles

[Zack]

WOW Grundy is by far the cheapest.

[lji372]

WOW Grundy is by far the cheapest.


you did NOT save 15% by switching to geico

your buying dinner :D :D

[WPG_Merc]

you did NOT save 15% by switching to geico

your buying dinner :D :D
:laugh: :jk:

[justbob]

State Farm. They don't give a rats ass what you have for power.


Builder Of Badassery

[tbone]

State Farm. They don't give a rats ass what you have for power.


Builder Of Badassery
+1
I have State Farm and pay $52 a month for a Cadillac policy.

[RubberCtyRauder]

+1
I have State Farm and pay $52 a month for a Cadillac policy.

That's over $600 per year. Is that agreed value? It is Illinois, rates are higher in northern part I know. I have. 3 vehicles insured abd I'm under $1100 a year but my marauder does not have agreed value. I am looking into others for marauder. My goal is $360 or under a year for it at agreed value.

[Spectragod]

I'm using Classic Underwriters, $700 something a year, no deductible, $45k insured value.
State farm wanted $1100 a year for the same coverage, and they were still a little sketchy on my mod list.

[chief455]

try Mazichussettes, where you can buy only insurance from an in state agency.
You go to your insurance agent, get your DMV papers stamped with proof of insurance, then register your car. You can't cancel insurance without turning in your plates. If you get cancelled, LEO is after your plates.
It's designed so EVERYONE registered HAS insurance - but it does nothing to lower rates.
And no Grundy, etc.
SUX.

[lji372]

try Mazichussettes, where you can buy only insurance from an in state agency.
You go to your insurance agent, get your DMV papers stamped with proof of insurance, then register your car. You can't cancel insurance without turning in your plates. If you get cancelled, LEO is after your plates.
It's designed so EVERYONE registered HAS insurance - but it does nothing to lower rates.
And no Grundy, etc.
SUX.


Move!

We're number 1! We're number1!!!
Don't come to Michigan, we have the highest rates in the country! :alone:

[chief455]

Move!

We're number 1! We're number1!!!
Don't come to Michigan, we have the highest rates in the country! :alone:
thinking about it, but owe lot's on the house, love the area.
my license and address might move.....:P

[ChiTownMaraud3r]

Geico asked if my car was modified during a quote, I laughed, they asked what was so funny, I told them cost of engine upgrades, they denied coverage.
:bigcry:

[Vortech347]

After being turned down with multiple insurance companies I ended up going to a broker. He lined me up with Safeco. I now have guaranteed policies 20k on my fox and 20k on my Terminator. I can get more on my fox (its covered about half it what its true-rebuild cost would be) but I need to get an appraisal done. Which I will probably do next year. Best part is there are no loop holes. My mileage limits are 7500 a year with each car. I won't come anywhere near that with either one of them.

American Family especially can eat a weener. After their agent promised me the world. We changed to them then they dropped ALL 4 of my cars because when the underwriter saw the harnesses in my fox they told my agent and I quote "We don't insure street racers".

State Farm who I was originally with said my mustangs were to new, not antiques, and my "state" didn't have policies for them. Too bad, I was a loyal customer for 15 years. They lost mine and my parent's business too because they wouldn't do a stated value on my dad's 2005 Roush.

[RubberCtyRauder]

Just curious, are your mustangs for street or track or do they do both ? All the rules Ive seen on guaranteed value say, they do not cover racing related incidents. Whether it is street racing (illegal) or at a track (legal)

[Joe Walsh]

Had Hagerty for years on the 427 Cobra....but recently they went up dramatically.
Now have State Farm and they have a very decent rate for a 550 HP - 2,300 Lb two seat roadster....:burn:

[lifespeed]

Insurance never covers racing. If you can't afford to lose it don't race it. Insurance is for the idiots out there on the highways who will hit your car.

Is stated or agreed value insurance even available for a car that gets daily driven to the tune of 10K or 12K a year? 7.5K miles wouldn't quite cover a car that actually gets used. Which is their intent, no doubt .

[RubberCtyRauder]

Insurance never covers racing. If you can't afford to lose it don't race it. Insurance is for the idiots out there on the highways who will hit your car.

Is stated or agreed value insurance even available for a car that gets daily driven to the tune of 10K or 12K a year? 7.5K miles wouldn't quite cover a car that actually gets used. Which is their intent, no doubt .


I see them everyday. makes me want to get a dash cam so when one of these morons screws up..I got it on tape and they can't weasel out of it.

Agreed value I have looked at is for non daily driven cars and also not for back-up cars to work etc..some have mileage limits, some do not. Some require you to have a newer vehicle for daily driving with proof required..like othing over 5-6 years old and copy of registration at application filling.

[lifespeed]

Agreed value I have looked at is for non daily driven cars and also not for back-up cars to work etc..some have mileage limits, some do not. Some require you to have a newer vehicle for daily driving with proof required..like othing over 5-6 years old and copy of registration at application filling.

Yes, that is the problem. I have 2 cars, a 2012 Focus and the Marauder. I drive the Marauder to work and the wife drives the Focus, so can't seem to find an agreed-value policy.

With mods the Marauder is getting to the point where I would lose my shirt on the standard comprehensive policy were Something Bad to happen.

[lifespeed]

Leland (https://www.lelandwest.com/faq/) claims to cover race cars. Never heard of that before. Don't know the details, though. Maybe just for transport on the highways? Hard to believe they would cover a wreck at the track.

[jsignorelli]

I have Hagerty Insurance on all of my show cars. You can't use them as daily drivers. They must be in a garage. They must be limited edition or 25 years old.
The '70 Boss 302 and the '69 Shelby qualify under the age.
My 1993 Mustang GT qualifies as it is only used for car club events and it is an MCA champion show car, as are the other Mustangs.
The '04 marauder qualified because I have the limited edition certificate from Ford, and I don't use it as a daily driver. Again, it is used only for car events.
I keep the total miles driven on these cars to under 2500 miles per year. Actually, I'm rarely up to half of that.

The key is I have two daily drivers covered under regular policies. Hagerty never denied coverage for the modified engines. I met the important criteria.

[lifespeed]

It is easy to get insurance for a car that is barely driven, I don't believe anybody thought that was difficult. Same old story, they're glad to insure where they collect premiums with little risk from traffic on the street.

[hotford]

Weired........I have both my MM and Shelby on Hagerty..........

[Zack]

Weired........I have both my MM and Shelby on Hagerty..........

Were you honest when filling out the horsepower section?

[Gccch]

try Mazichussettes, where you can buy only insurance from an in state agency.
You go to your insurance agent, get your DMV papers stamped with proof of insurance, then register your car. You can't cancel insurance without turning in your plates. If you get cancelled, LEO is after your plates.
It's designed so EVERYONE registered HAS insurance - but it does nothing to lower rates.
And no Grundy, etc.
SUX.

Grundy and Hagerty work in Mass. I just got a quote today from Grundy.

[hotford]

Were you honest when filling out the horsepower section?
They know the MM has a triolgy supercharger kit and were fine with it
the shelby comes with one...never told them its now a 3.4......lol

both cars are insured for an agreed amount.........

[8UWITH6]

I wondered why I never got a reply back from Hagerty when I submitted a quote online a few weeks ago. Obviously they dont want to cover my fleet. I will try Grundy next. Tired of paying State Farm out the nose for coverage.

[tbone]

I'm using Classic Underwriters, $700 something a year, no deductible, $45k insured value.
State farm wanted $1100 a year for the same coverage, and they were still a little sketchy on my mod list.

State Farm keeps telling me they don't have agreed value/custom car insurance available on my car. If it gets stolen I'm screwed. Totaled I can salvage parts.

[tingsgrove]

The above-referenced program insures my stock 2003 300A; 11,000. Stated Value (set by their underwriter) full coverage comp and collision, 5,000 annual mileage tier, 297. annual premium.
They wrote coverage for my 1970 Boss 302, and my 1991 5.0 Hatchback.

Filed one claim for broken windshield in 2009 on the 1991, and they sent a mobile unit out to replace it, no problems.

[License2Bill]

thinking about it, but owe lot's on the house, love the area.
my license and address might move.....[emoji14]
Send something to my house, I'll put in another envelope and mail it back to you, that way you have something with your name on it and a CT address

Sent from my Nexus 6 using Tapatalk

[Motorhead350]

State Farm FTW! You have to be approved for that insurance though. I got married into it from my would have been father in-law, who drove little cars all his life and was afraid of highways. Zero accidents or speeding violations on his record. Once you marry someone on the insurance you get in the State Farm family.

I had conflicts with them at least 3 times for payment. Due to a change in debit card and we had to correct them 3 times in a row on what the current number is. Renters insurance is great too and it accounts for all of my guitars when they go on the road in my $300 junker.

[Spectragod]

State Farm FTW! You have to be approved for that insurance though. I got married into it from my would have been father in-law, who drove little cars all his life and was afraid of highways. Zero accidents or speeding violations on his record. Once you marry someone on the insurance you get in the State Farm family.

I had conflicts with them at least 3 times for payment. Due to a change in debit card and we had to correct them 3 times in a row on what the current number is. Renters insurance is great too and it accounts for all of my guitars when they go on the road in my $300 junker.

I had State Farm before I ever got married, I was under the impression that anyone could buy it????

[vkirkend]

State Farm. They don't give a rats ass what you have for power.


Builder Of Badassery

I have them but haven't been able to give me a guaranteed value. What type of policy do you have?

[lji372]

Send something to my house, I'll put in another envelope and mail it back to you, that way you have something with your name on it and a CT address

Sent from my Nexus 6 using Tapatalk

is the little girls backpack insured?

[Gccch]

Grundy and Hagerty work in Mass. I just got a quote today from Grundy.

I got rejected by Grundy. Not because I live in Mass, but because I have an unrealistic stated value and they know I have an EZ Pass assigned to the car!!

[RubberCtyRauder]

Grundy does not allow it to be a commuter car, daily driver.

[Gccch]

Grundy does not allow it to be a commuter car, daily driver.

Right. But it is not. Just because I have an ezpass does not mean I drive it daily. I just have it so I don't forget to move it from my daily driver when I go into town through tolls.

[RubberCtyRauder]

Did they tell you because an EZ pass was a reason and why do you choose such an exaggerated agreed value? Not knowing what value you chose, why not choose something that makes sense.

[Zack]

After all of my quotes, Grundy is the cheapest and easiest to deal with.
Signing up with them

[Gccch]

Did they tell you because an EZ pass was a reason and why do you choose such an exaggerated agreed value? Not knowing what value you chose, why not choose something that makes sense.

They gave multiple reasons:

ezpass
4000/yr. mileage estimate (does not compute with ezpass)
stated value - I used a bit less than I paid for car and mods in the past year - price out a MM with 4k and a Trilogy kit and you would have it

I'll give them a call to discuss it but otherwise stay with my daily policy.

[Motorhead350]

I had State Farm before I ever got married, I was under the impression that anyone could buy it????

I guess "anyone" could, but you need to be a good boy. No DUIs, negligent driving charges convictions (avoided that one) and other stuff. This is what I was told. I had Progressive before I switched. I wanted the renters insurance too.

[RubberCtyRauder]

They gave multiple reasons:

ezpass
4000/yr. mileage estimate (does not compute with ezpass)
stated value - I used a bit less than I paid for car and mods in the past year - price out a MM with 4k and a Trilogy kit and you would have it

I'll give them a call to discuss it but otherwise stay with my daily policy.

I got a quote with up to 5000 miles a year and I have trilogy with. $500,000 limit on liability and declared value of $22,500 for. $298 a year. Can I rebuild for $22500? Prolly not. I prolly would move on to something else. Not looking to spend $500-1000 a year on insurance for one car driven 6 months a year



Your daily policy cover agreed value? Or just kbb without the mods.

[Gccch]

I got a quote with up to 5000 miles a year and I have trilogy with. $500,000 limit on liability and declared value of $22,500 for. $298 a year. Can I rebuild for $22500? Prolly not. I prolly would move on to something else. Not looking to spend $500-1000 a year on insurance for one car driven 6 months a year



Your daily policy cover agreed value? Or just kbb without the mods.

no, my daily policy will leave me with almost nothing. I wanted stated value of $25k Who did you get your insurance from?

[RubberCtyRauder]

no, my daily policy will leave me with almost nothing. I wanted stated value of $25k Who did you get your insurance from?

My quote was from Grundy...Hagerty wanted $500 a year for $20k value. I've just been preoccupied to finalize the quote thru grundy to see if it goes thru. I suppose there still is a chance they could decline. Insurance isn't for sure until they take your premium money.

[Gccch]

My quote was from Grundy...Hagerty wanted $500 a year for $20k value. I've just been preoccupied to finalize the quote thru grundy to see if it goes thru. I suppose there still is a chance they could decline. Insurance isn't for sure until they take your premium money.

I got the quote and mailed it in with a check. They returned it with the explanation.

[RubberCtyRauder]

I have to call them because their uninsured/underinsured limit is like really low. Online quote was like $7500 limit. My regular policy uninsured/underinsured is 100,000 / 500,000

[Spectragod]

no, my daily policy will leave me with almost nothing. I wanted stated value of $25k Who did you get your insurance from?


My quote was from Grundy...Hagerty wanted $500 a year for $20k value. I've just been preoccupied to finalize the quote thru grundy to see if it goes thru. I suppose there still is a chance they could decline. Insurance isn't for sure until they take your premium money.

I used Classic Underwriters, 45k stated value, no deductible, $700 and change a year.

I priced Hagerty and Grundy too, both way higher. Classic does require you to have a late model DD, lots of pictures, mod list, asks the standard questions, i.e. garaged where? Attached/detached, alarmed, brick or frame?

[Gccch]

I used Classic Underwriters, 45k stated value, no deductible, $700 and change a year.

I priced Hagerty and Grundy too, both way higher. Classic does require you to have a late model DD, lots of pictures, mod list, asks the standard questions, i.e. garaged where? Attached/detached, alarmed, brick or frame?

I called Grundy and they rejected me on the phone also. It was not the ezpass so much as they could not justify the value.

[Gccch]

I used Classic Underwriters, 45k stated value, no deductible, $700 and change a year.

I priced Hagerty and Grundy too, both way higher. Classic does require you to have a late model DD, lots of pictures, mod list, asks the standard questions, i.e. garaged where? Attached/detached, alarmed, brick or frame?

Classic Underwriters is now Grundy. On the phone with another person now but this outfit was apparently bought out by Grundy. They rejected me a third time. Apparently, when I filled out the application and put too little thought into the mileage per year entering 4000 was too much for them to take. Then I was told the picture I sent was taken outside so they weren't convinced it was not a daily driver. Ugh.

[03marauderman]

Got mine Insured with JC Taylor, under a "Modified Policy" agreed stated value...However listed as a Non daily driver.....The Marauder & a retired NYC vic for $479. a year....

[Loco1234]

Classic Plates start @ 15yrs in PA. Are vehicles are getting there quickly... For those that can live with the MM no longer be your main daily driver I would suggest looking into Classic plates in your own State.

Combine that with "Stated value insurance" based on, if your MM was totaled, how much compensation would you desire... We will all get much better deal's....

[Embassy]

I had Grundy insure my Marauder.

[jsignorelli]

I have EZ Pass on all of my cars. How do you think I get to shows outside of New Jersey? I don't trailer the cars very often, as I enjoy the drive to close shows (under 500 miles). I only trailer when going a great distance, or my car is going to be judged for the under-carriage.
My Hagerty policy knows that several of the show cars are well over 600 HP. As they are entered in Modified classes, this is not an issue with Hagerty. Once again, these are not daily drivers. They are certified show cars. I have all of the registration forms to prove it. (God Bless 3-Ring binders)

[Zack]

Grundy just denied me.

Told me the agreed values of the Marauders were unrealistic.

I listed 30k on the original Black Whipple Car and 20k on Turbo Blue.

Pondering selling them, had it with complications.

Oh they also told me a 93 Lincoln has no collector status, after the first rep told me they would cover it no problem.

[Gccch]

Grundy just denied me.

Told me the agreed values of the Marauders were unrealistic.

I listed 30k on the original Black Whipple Car and 20k on Turbo Blue.

Pondering selling them, had it with complications.

Oh they also told me a 93 Lincoln has no collector status, after the first rep told me they would cover it no problem.

What did you give for annual mileage? That was the other big hang up with mine. Oh, and I sent a picture of it OUTSIDE!!! They just kept coming up with excuses.

[Mike M]

I added my Marauder to my Grundy policy today. Agreed value 18000 and told them it is supercharged.
$260 for the year.

[Vortech347]

Grundy just denied me.

Told me the agreed values of the Marauders were unrealistic.

I listed 30k on the original Black Whipple Car and 20k on Turbo Blue.

Pondering selling them, had it with complications.

Oh they also told me a 93 Lincoln has no collector status, after the first rep told me they would cover it no problem.

I agree with you. You get wiser and older, realize one day, "Jesus, I have 40k into this thing and if someone steals it I get a check for 5k" I learned the hard way when our 01' Cobra was wrecked. I had swapped in a 100% complete 03' Cobra drive train. Had to total it out, buy it back, and part it out to make what I needed on it. Such a pain! Now that I have a little girl no way I'd have the time to do that again.

Its stupid. I'm more than willing to pay MORE if I have to in order to receive the coverage I want. For some reason no such scale exists. I had to fight hard to get my fox and terminator at 20k each. To replicate my fox build would be 35k. I can't find anyone that will do that high unless its a 93' Cobra or 93' Cobra R.

[lji372]

Grundy just denied me.

Told me the agreed values of the Marauders were unrealistic.

I listed 30k on the original Black Whipple Car and 20k on Turbo Blue.

Pondering selling them, had it with complications.

Oh they also told me a 93 Lincoln has no collector status, after the first rep told me they would cover it no problem.

I insured one for 50k weird :dunno:

[Zack]

What did you give for annual mileage? That was the other big hang up with mine. Oh, and I sent a picture of it OUTSIDE!!! They just kept coming up with excuses.

ME TOOOO!!!!
They told me that my Lincoln Pictured outside near a local lake meant it was not garage kept.
What a CROCK

[lifespeed]

They're just trying to cherry-pick the customers who they determine, based on their own arbitrary parameters, are the least likely to actually take the car out of the garage and onto the street where they could suffer a loss.

All the rest are just excuses. They are simply looking to collect money and not pay out. Not paying out means the car hardly ever leaves the garage. If they get the idea you actually drive the car, even within their generous limits of 3K to 5K miles per year, they'll come up with a reason.

If you look at their customer's actual mileage on the insured vehicles I'll bet it is, on average, a few hundred miles per year at most.

[Mike M]

Obviously I have way more then the agreed $18,000 in my car but I look at it like this. If I were to sell the car I think it would sell upwards of 18k. So that's what my insurance target was.
You really can't look at it taking in all the money you threw at it.

My 68 Camaro which I have owned since 1977 is Grundy insured for 60k but I can tell you I have STUPID money in that car.
Insure it for what you think you could sell it for.

[MOTOWN]

If only we could actually get what we actually thrown into our cars!

[jsignorelli]

I had all of my collector cars appraised by a professional who provided certificates of appraisal for each car. This took into account what modifications were done to the cars and what they were worth as a result.
Hagerty insured the cars for the values I stated, from those appraisals. I never had a problem. I only had to provide proof of owning and using daily drivers, which were none of the collector cars.

[Gccch]

I added my Marauder to my Grundy policy today. Agreed value 18000 and told them it is supercharged.
$260 for the year.

What did you use for annual mileage estimate?

[Mike M]

What did you use for annual mileage estimate?

Sounds stupid but I can't remember. I think it was 3000 miles a year but I'm not sure.
Realistically I drive only about 1/10 of that annually with the Marauder and less with my other cars.

Here is a good read.....

http://www.acarplace.com/cars/insurance.html

[jsignorelli]

I drive less than 2500 miles on the collectors cars... total, for all the cars.

If I have to go far, far, away, I use the trailer. The farthest drive for the Marauder is Carlisle Pa. each June. That drive is 130 miles each way.

[2,4shofast]

Grundy just denied me.

Told me the agreed values of the Marauders were unrealistic.

I listed 30k on the original Black Whipple Car and 20k on Turbo Blue.

Pondering selling them, had it with complications.

Oh they also told me a 93 Lincoln has no collector status, after the first rep told me they would cover it no problem.


Did you call the place that I sent you the info for? I have an agreed value of 25K with no issues during the entire process. I think Im just under $400 annually.

[Gccch]

Did you call the place that I sent you the info for? I have an agreed value of 25K with no issues during the entire process. I think Im just under $400 annually.

I would be interested in that...

[2,4shofast]

I would be interested in that...

Sending.:beer:

[lifespeed]

Did you call the place that I sent you the info for? I have an agreed value of 25K with no issues during the entire process. I think Im just under $400 annually.

Please post the info, as well as any restrictions (ie: no trips to the grocery store or work, mileage, etc).