Son has had Hagerty for about 12 yrs. on his Charger, never submitted a claim, and his premium has almost doubled. I know it's the nature of the beast for prices to go up but a quick quote from Grundy came back at $220 and that is after bumping the valuation $5k. Plus Grundy has no mileage limit although he has never exceeded the 5k limit at Hagerty.
Grundy a good company or does anyone have another recommendation? Or should he just stay with Hagerty?

TIA


Tim

Nothing wrong with getting quotes from other collector car companies. They’re all pretty good at what they do, good claims service. Can’t hurt to shop around.

I've been with Grundy for 20 years. The quotes from Hagerty have always been much higher.

I was going to get clarification from Hagerty and ask Grundy for the same and get a quote.

I am wondering the following:
Mileage restrictions
NOS or repop parts for repairs
Club discounts (hagerty has $100 off BFG tires and a few other ones that seem good)
Age of driver
deductible
coverage amounts for medical etc
tool coverage
Canada coverage (live on the border)
Ok to drive it from Memorial Day to Labor Day in MI (house bill 4183)
towing
roadside assistance

it isn't mileage restrictions you need to ask about.
you need to ask if you are allowed to joy ride your car and take it on errands.
most others say no, only to and from shows or events.
haggerty doesn't have that restriction. so I pay a little more to stay with them.

^ this is accurate. The mileage restrictions are a non-issue. It's not like they come to your house and check. Actual usage restrictions/coverage exclusions are the most important items, along with Agreed Value coverage.

Thanks for the input.


Tim

What verbiage do we need to look for?
I have American Collectors, and they recently dropped the mileage limits.
But you're saying I always need to have a "car show" going on within 100 miles whenever I want to drive my car to the golf course or store?

you basically have to look at exclusions for coverage.
I out right asked them when I was getting new quotes.
the people answered honestly, so I knew up front if they wouldn't allow it.

Thx for the heads up, I think I'm ok with American.
As expected, no coverage if racing, I understand that.

Only exclusion I think that matters for me is (b): "other than occasional pleasure use"
This seems pretty broad, any and all driving could be considered occasional pleasure use?
How could they prove otherwise?

Your covered auto:
a. While being operated by a family
member who is not listed on the
Declarations as an operator; or
b. While being operated for other than
occasional pleasure use.

They don't consider driving to work as "occasional pleasure". The reason being is, in the morning, it might be a wonderful day, but by the end of the work day, the weather could have turned into a horror story. Most people don't have the option to take the classic car home and exchange it for the daily driver while they are working. The horror story driving conditions create an increased chance of damage most people would not normally submit their classic cars to. Most classic car insurances don't mind you enjoying you car on nice days, by not covering the "daily driving or drive to work", they reduce the chances the car is caught up in bad weather situations.

By limiting your driving to "shows and for being repaired" you better be able to prove where the car got crashed was in route to a show on that day and time frame, or you better be able to prove it was on its way to or from a repair shop. 20 miles out of the way on the wrong day of the show or the repair shop isn't going to cut it. They also don't want you to let "uncle Joe" with a horrible driving record drive your classic car, unless they have "uncle Joe" listed and they are charging you enough to cover for his driving record.

They are giving you much reduced costs for large amounts of coverage, because they like old cars and want to offer you a chance to enjoy them at a reasonable cost. The least you should be doing is is treating them with respect and not doing stupid stuff with your classic car that raises the chance of wrecking your classic car.

Much easier than you think.

I'm an independent insurance agent and I sell both Hagerty and Grundy.
Hagerty is my preference, as I have it on my classic truck and modern muscle.
Grundy is also very good, and usually quite lower in premiums, but without all the same coverages and "bells and whistles".
Also, Grundy is much pickier as to what they will insure (old trucks, for example, they want fully restored with no rust, and anything newer (1990s-up) must be modified, not stock).
Also, Hagerty offers a coverage called "cherished salvage" where you are guaranteed to be able to buy the vehicle back in a totalled situation, which is not offered under Grundy.
I have clients with Grundy for modern muscle cars and fully restored classics and they have had no issues and enjoy the lower rates.
I keep my stuff with Hagerty because (a) my 76 Power Wagon is not perfect and likely never will be, and (b) I like the Cherished Salvage coverage as well as the Hagerty magazine and other add-ons that come with Hagerty.

JS

They can't be that picky, they insured my Fifth Avenue. Been with them for about seven years now. Premiums haven't gone up since I signed on (haven't looked at this year's yet though).

I started with Hagerty and after the first year the price went up 30% and then 40% the following. Went to Grundy and paid less with more agreed value on the coverage. I will be reading more of the fine print with things that you have mentioned.

Some of the "pickyness" may be due to current underwriting guidelines.
I recently applied for a new policy with Grundy for a client with a 78 pickup in very nice shape, but minor surface rust in places, and a 95 pickup (bone-stock) that was this client's late father's pickup.
Tried to quote with agreed value and when I put in the application, it was rejected due to: A) the 78 has some rust visible and B) the 1995 pickup would only be eligible if it were modified.
The underwriter went on to explain that pickups 1990-up in stock form weren't eligible for Grundy.

Good luck with your Grundy policy, they are not a bad company by any means, just somewhat picky when it comes to certain vehicles.

JS

I drive my car to work occasionally, mostly on the days I plan to golf.
To me that's "occasionally for pleasure".
Same for going to the store, or to run an errand.
ALL the driving I do in the car is " for pleasure "

They require you have another insured car, and I do.
So what exactly can they "prove"?
That exclusion is overly broad, and works to the insured favor.

The exclusion is broad, and does work in the insured's favor. But they can still find out, and if they do, you're screwed. Is it really worth risking?

Note - For a large part of my 30 year career, I was the guy who would "find out" that you were driving to work, or running errands, or were at the track, or any other number of things that are potentially not covered. I was really good at it too.

Thanks for the replies. Sounds like I need to dig a little deeper. My son does drive it for pleasure on occasion so that is a concern.


Tim

Hagerty is the only one that said it's ok for my 18 year old to drive the car. I'm always with her or following her if she's driving.

Unless they changed their policy language, drivers have to be 25. Being with her or following her wouldn't matter. Hagerty has a bad habit of telling people what they want to hear vs. what's actually in the policy. It's entirely possible they've actually changed the language, but if it was just another overzealous employee blowing smoke, you could potentially have a problem if something happened.