I tried to start a thread in General here asking if Hagerty is buying up other collector car insurance companies, since I heard my carrier, Infinity by Kemper, is now owned by Hagerty, but no one responded. A Canadian guy on another forum said his collector insurance company got bought by Hagerty too.
I’m concerned about rates because in quotes I’ve got from Hagerty over the years they were high and getting higher every time I asked for another quote.
For a ‘71 Challenger R/T with a 75K value they quoted around $750 a year where State Farm was about half that for their classic car insurance, and I probably last quoted with them 4 or 5 years ago so it’s undoubtedly more now.
I currently have my T/A with a value of 105K and my Challenger convertible at 70K and I think my rates with Infinity are around 400 and change each.
I’m concerned my rates might double with Hagerty when my policies renew!
From what I can gather, Hagertys rates go up exponentially with agreed value. I hear guys with Hagerty talking about their 15-30K agreed value cars saying their premiums are good, but I think when you start getting over 40 or 50K they really start to sock you.
I got my insurance through Rally Insurance, a broker who specializes in collector car insurance, so I’m going to have to talk to them about my policies and if they can find me a good rate at another company if Hagerty tries to nail me when my policy comes up to renew later this year.