[RGPIII]

Grundy has been great for all my cars. 71 duster, 70 Dart, 75 Dart, 16 Hellcat. 06 Viper (sold)

 

[Octanewide]

With all this insurance talk I got quotes from Grundy and Hagerty for 80k agreed value on my 18 WB. They were both pretty close so I contacted my state farm agent to see what he said. He said state farm and Hagerty are now in business together and is in the process of putting a quote together for 80k agreed. He said when they pay out on their "normal" insurance for a totalled or stolen they use black book value. He then told me that value on my 18 A8 HCWB was 75k which sort of shocked me.

 

[JeepGeek]

With all this insurance talk I got quotes from Grundy and Hagerty for 80k agreed value on my 18 WB. They were both pretty close so I contacted my state farm agent to see what he said. He said state farm and Hagerty are now in business together and is in the process of putting a quote together for 80k agreed. He said when they pay out on their "normal" insurance for a totalled or stolen they use black book value. He then told me that value on my 18 A8 HCWB was 75k which sort of shocked me.

If your window sticker was more than you paid, use that to set your agreed value if you can. Sometimes they want the actual transaction / paperwork…work to get the highest agreed value you can. The fact that they are not made any longer will help bolster the case on value.

 

[BondJames]

Looking to switch from State Farm. I got the car out of storage yesterday and the “paranoia” of having a nice car with shit drivers all around set in. Like most of you I have a lot of money into the car & i don’t want to be surprised by a bear minimum check from the insurance company in the unfortunate event that the car is stolen or completely wrecked. I would like to go with a company with a stated value of the vehicle at a fair insurance price and doesn’t give the run around. Anyone have experience with either company when it comes to a complete loss in a modified car?

thanks

i got a quote from Haggerty - reasonable rate and covered agreed value of purchase price (75k more than MSRP) - only problem is max 100k liability coverage - thus if i am at fault in an accident and i am sued, anything over 100k comes out of my pocket, whereas the State Farm quote was at market value for my car (might well be MSRP of 135k) but with max liability of 500k (and i also carry a 1 million dollar umbrella). i decided to accept the possible 75k loss on my car to avoid the risk of losing a million plus dollar lawsuit and having to pay out of pocket for everything over 100k.

 

[ITS BLWN]

I appreciate all that are responding and collectively and directly helping all of us forum members that are concerned about our special to us vehicles what if’s mishap happened.

I think most here consider our vehicles special and are our personal pride and joys in the stable.

Me personally, I considered all options of vehicle security for my SS and made the investments (multiple security measures) that in my mind would be my steps to ensure if theft ever was considered by a low life piece of shit of taking what I personally earned working my ass off would be a conscious effort of doing what I could to keep it from happening.

If I lost what I didn’t want to loose (theft or accident) an obtainable financial insurance coverage just makes sense for an agreed value policy, which 100% I will be investing in for my special to me discontinued and no longer being produced beloved HEMI Powered vehicle.

I thought about it in the past but PROP’s to the OP for starting this thread to re-assure me I must do something to protect my investment for what I feel it’s worth and means to me.

Thank you OP and to all members whom are contributing their responding post, for all of us members who feel we want to make sure our mind is at ease in the case of … WHAT IF!

 

[HemiMetal]

With all this insurance talk I got quotes from Grundy and Hagerty for 80k agreed value on my 18 WB. They were both pretty close so I contacted my state farm agent to see what he said. He said state farm and Hagerty are now in business together and is in the process of putting a quote together for 80k agreed. He said when they pay out on their "normal" insurance for a totalled or stolen they use black book value. He then told me that value on my 18 A8 HCWB was 75k which sort of shocked me.

Same thing with AAA. They're also in partnership with Hagerty which allows AAA to offer coverage on high performance vehicles like the Hellcat. I expect many insurance companies are partnering with Hagerty, Grundy, and other specialty insurers that might otherwise decline coverage on Hellcats. That was certainly the case with Progressive which declined coverage on my Hellcat without providing a reason why.

When the AAA agent couldn't verify an agreed upon value in case of total loss, I opted to insure directly with Hagerty and used their valuation tool to arrive on the guaranteed payout in my policy.

 

[Octanewide]

Same thing with AAA. They're also in partnership with Hagerty which allows AAA to offer coverage on high performance vehicles like the Hellcat. I expect many insurance companies are partnering with Hagerty, Grundy, and other specialty insurers that might otherwise decline coverage on Hellcats. That was certainly the case with Progressive which declined coverage on my Hellcat without providing a reason why.

When the AAA agent couldn't verify an agreed upon value in case of total loss, I opted to insure directly with Hagerty and used their valuation tool to arrive on the guaranteed payout in my policy.

Good point and I'll do the same if my SF agent comes back with a nonsense quote.

 

[Slowpoke387]

Ok so what are the driving restrictions with doing one of these policies? Ive heard no daily obviously but ive also heard that you can only drive back-and-forth to car shows, etc. or only drive on Sundays with some of these policies.

 

[smith5879]

Ok so what are the driving restrictions with doing one of these policies? Ive heard no daily obviously but ive also heard that you can only drive back-and-forth to car shows, etc. or only drive on Sundays with some of these policies.

My Hagerty policy doesn’t have a stated mileage limit, just that it can’t be a daily. I wish it did state a limit as I’m currently left guessing. I can use it for occasional drives to work, but what is occasional? Are they fine if I put 5k miles on it in a year? Probably. 7.5k? Maybe. 10k? Probably not but I can’t know for sure.

 

[Slowpoke387]

How much are you guys paying? Hagerty quoted me $1863/yr for $100k value

 

[Michigander]

I have several cars insured with Hagerty but Demon D170 premium is $1285/yr everyone in home is covered (including 17yr daughter) 175k agreed upon value 1% deductible, drive anytime, NOT covered on track use 2000 miles /yr maximum. The state you insure in is a Big factor, must have proof of insurance for daily driver.

 

[MJS73]

How much are you guys paying? Hagerty quoted me $1863/yr for $100k value

I'm at $1812/year for the Guaranteed Value of approx. $82,000 with Hagerty.

 

[HemiMetal]

How much are you guys paying? Hagerty quoted me $1863/yr for $100k value

I pay half of that for a $54k value ($1000 deductibles). Where Grundy offers an advantage is they allow you to insure at $50k/$100K policy rates as opposed to Hagerty which keeps you at $100k/$300k. Had I opted to Grundy and used the lower policy rate, I would've saved $200 on my annual premium.

Another way to save money is lowering the agreed upon value. Hagerty doesn't require you to accept their valuation. You can lower it if you want to the trade-in value as opposed to the fair market value. It's a flexible pricing platform.

 

[StingrazerTexas]

Just renewed with Hagerty. 22 Charger Redeye. $105,000 guaranteed value and 1966 corvette $100,000 Total right at $2,000 a year for both.
I am only supposed to drive 1,500 miles a year.
Gonna have see what it costs for 12,000 miles a year🤦🏻‍♂️I have 14,000 miles on the Hellcat. I will post what the increase will be. 0 deductible.
Hard to stay out of the seat of the Hellcat. The old Vette only gets 100-200 miles a year.
Glad the OP revisited this topic.

 

[OKSS]

$1600 ish/year for Grundy $180k total agreed value for '22 SS ($100k) and '22 Redeye ($80k).
0 deductible, no mileage limit, but only driving them to car shows, every person in your house age 16 and over has a separate vehicle, always stored in garage, no one else can drive them, etc.

I have yet to see an example where Hagerty is cheaper than Grundy.

 

[CPO Super stock]

I paid 78K for my Superstock Hagerty Told me to bump it to 110K Replacement value and it cost me 7 Dollars more a month. They have been kind to me.

Had to ad the more as it sounded like I pay 7 bucks a month LOL

 

[ThrashCat16]

I talked to an insurance broker I know and he only checked with American modern even though I specifically mentioned these two companies. “For 70k value you’re looking at like $2,300 a year “. That’s with me being 36 and my girlfriend of almost 11 years who is 30 years old. I’d want more than $70k but wouldn’t want to pay $2,300 a year. I don’t even know what the car should be valued at. I paid almost $30k for the long block alone. I think he just threw some number into the computer and went to the bar. I can see that being the max effort he put into it 😂.

 

[HemiMetal]

If it makes a difference to anyone, part of my decision to insure with Hagerty over Grundy (and a few other standard insurers) is their customer service which I'd rate as excellent. I always speak with a live person and I usually don't have to wait much more than a minute or two to get a live, stateside agent on the line. It's my feeling that Hagerty is a little more lenient about how often you use your car and where you take it. I've asked specific questions about how my coverage would be affected if I drive my Hellcat to attend Mass on Sundays (me, not the car) and just a few other favorite places I go to around town and was told that as long as I'm not daily driving it to work, I'm covered.

 

[Keith Richards 768Q]

Hello All, I am going through the same thing, our 2018 wide body Hellcat was $599/ 6 months and just got a rate increase to $766! so looking at adjusting State Farm deductibles or move to Hagerty (I haven't got any quotes from Grundy). We have 11 vehicle's and/or trailers through SF and a house and umbrella policy as well, one thing about pulling the three cars from SF is I lose that umbrella on those cars. Here's a screenshot of a Excel spreadsheet, I am in NorCal and 59 years young, clean driving record, etc.. These cars are garaged and for pleasure only and see 3k or less miles a year. We have one other Hellcat but it is the wife's DD so leaving it with SF. Just thought I would post up for reference........ Also FWIW the wife's 2016 narrow body Hellcat is $417/6 months, do not know were it will land with this ins. spike we are all experiencing as of yet.

 

[Blkout]

We use Hagerty for the McLaren 720s but only because State Farm wouldn't insure it due to the value. I would be with State Farm if I could, all of our other cars are insured with State Farm.