collector car insurance

[Gansan]

Hmm, my Hagerty policy is 2186/year with $120K valuation. Leland West quotes $1614 at 3000 miles for me. Hmm maybe a switch is in order…. The policy details don’t look that different.

 

[Honcho]

I am similar age and have a 2003. I was shopping Leland West and their online quote for 120k agreed upon value at 3000 miles was around 900 / year. They haven't called me back yet, so I don't know how real this number is yet.

I have Leland West 115,000 for 1200/yr, 6000 miles and commuting 2x per week.

 

[DA NSX]

I like this discussion, but it's pretty hard to compare apples and oranges with so many different choices on deductibles, stacked vs. non-stacked and "mileage restrictions" (e.g. mileage may be unlimited but only with respect to certain activities). However, I always thought Hagerty made the most sense to me because they know there is less risk with cars that we supposedly drive super-carefully, but it's got me thinking to go back and look at what this might cost on my policy for my DD group of cars. FWIW, I get 5,000 miles per year on AV of $150,000 and it's $1750 per year. I probably need to revisit.

 

[BmanNSX]

I have three cars (91 NSX, 00 Civic Si, & 05 Tacoma) under my policy. All three have 100k/300k/100k coverages, with $1k deductibles, but no agreed values. I pay just a few dollars over $1,200 every 6 months.

I just ran a Hagerty quote for the nsx alone with same coverages, but an agreed value of $100k and the quote came back at $3,100 a year..

I’m going to call my insurance and ask if they do some sort of agreed value coverage. If not, i may have to consider jumping cover to another carrier just to play it safe.

 

[topsailor]

I got an agreed value policy from State Farm at 120k for $400 for 6 months. I do have 2 houses and several other cars insured with them but I thought that was a really good deal from a well funded and recognized carrier. I
I was in the insurrance business for many years and I can tell you that without an agreed value policy at claim time they will never go over original msrp minus depreciation our cars have often doubled in value to msrp

 

[Hass]

I’m currently in the insurance industry… Someone from another carrier informed me they recently paid out on a 1992 with 115k miles for $86,000. Not agreed amount, it was actual cash value. Which surprised me. It’s one of the carriers with the catchy song.

 

[RyanRA]

I’m currently in the insurance industry… Someone from another carrier informed me they recently paid out on a 1992 with 115k miles for $86,000. Not agreed amount, it was actual cash value. Which surprised me. It’s one of the carriers with the catchy song.

Do they insure nation-wide?

 

[Hass]

No they biberty biberty biberty

 

[TxGlenn]

Interesting. Thanks for posting. I called Progressive (my current carrier) and the quote I got for $100k agreed value was ~$1300/year. I am only paying around $900 at Grundy. I know there are lots of variables that go into a quote though. Definitely worth calling around.

 

[Hass]

$1300/year at $100k unlimited mileage is reasonable. I would recommend getting the agreed amount on paper prior to signing up.

 

[emac]

I think I need to raise my agreed value! I swapped all my stuff from American collectors/USAA to state Farm last year. Saved about 2k/yr and State Farm is more flexible with using a collector car.