Insurance Options for US Market

KAR120C · Dec 9, 2023

I will add that I found an agreed-upon-value policy with my current insurance. It only had a mileage limit but was treated as standard car insurance in every other way. It was more expensive than the collector car policies, but fit my needs.

LuckysDad · Jan 27, 2024

Just got my quote from American Collectors.
$1600/year for agreed value of $120k

MrMaru · Sep 20, 2024

Ok, reviving this thread since a lot of you must have already had insurance for a while. I am switching from Geico since they are wanting to charge me $3k/6mon. which is ridiculous. I got a quote from Hagerty for $3950/yr with 7500miles driven and the other is Grundy for $1400 with the same miles driven.

One is way less than the other but I have never dealt with either. Grundy makes me sign a waiver that states, I will not use the car as a backup or to run errands. Hagerty is not making me sign anything.

I got a call from Hagerty insurance agent to clarify why I put down 7500 miles and I explained to him that I intend to drive it on the weekends and even weekdays for pleasure. I work from home so the car sits in the garage and I also have another car to "daily". He was fine with that and I also put down $109,500 as the value of the car since that is what the cost I paid before all of the fees.

WarriorHockey2266 · Oct 4, 2024

MrMaru said:
Ok, reviving this thread since a lot of you must have already had insurance for a while. I am switching from Geico since they are wanting to charge me $3k/6mon. which is ridiculous. I got a quote from Hagerty for $3950/yr with 7500miles driven and the other is Grundy for $1400 with the same miles driven.

One is way less than the other but I have never dealt with either. Grundy makes me sign a waiver that states, I will not use the car as a backup or to run errands. Hagerty is not making me sign anything.

I got a call from Hagerty insurance agent to clarify why I put down 7500 miles and I explained to him that I intend to drive it on the weekends and even weekdays for pleasure. I work from home so the car sits in the garage and I also have another car to "daily". He was fine with that and I also put down $109,500 as the value of the car since that is what the cost I paid before all of the fees.

We have Hagerty and put down $5k miles. I’d like to use them for the Corvette but the not daily driver part screws me. I drive it to work all the time since it’s the best on gas mileage haha.

Our annual premium is only $2k which is shocking given where we live. I thought that was pretty reasonable.

brainf18 · Dec 9, 2024

Dropped State Farm $2515 and went with Grundy, $1450.

bcstmr · Dec 11, 2024

brainf18 said:
Dropped State Farm $2515 and went with Grundy, $1450.

Switched from Progressive to Geico today now that I have my I4 VIN and my premium only went from $720 to $828 (6 months) by adding the Emira. $2500 deductible, but thrilled with the premium considering what others are paying.

MPD · Dec 11, 2024

bcstmr said:
Switched from Progressive to Geico today now that I have my I4 VIN and my premium only went from $720 to $828 (6 months) by adding the Emira. $2500 deductible, but thrilled with the premium considering what others are paying.

@bcstmr I guess I am super thrilled then as mine just went up to 714/ 6 mo

bcstmr · Dec 11, 2024

MPD said:
@bcstmr I guess I am super thrilled then as mine just went up to 714/ 6 mo

How many vehicles are on your policy? I will have 3, including the Emira. I think $828 for a newer Audi, Mercedes and now Lotus is very reasonable. Hopefully Geico didn’t make a mistake.

MPD · Dec 12, 2024

bcstmr said:
How many vehicles are on your policy? I will have 3, including the Emira. I think $828 for a newer Audi, Mercedes and now Lotus is very reasonable. Hopefully Geico didn’t make a mistake.

I have 7 so does help provide discounts for multi. Am super happy with the rate on the Lotus looking at some of the 2-3x that others are paying .... feel very fortunate.

Rayjoedef · Dec 14, 2024

kitkat said:
Hagerty actually has the Emira in their system right now I just checked with agreed value of $96K.

This is pretty reasonable.

View attachment 29786

Geico....171/mnth in NY market. 2500 deductible, 20 min defense drive video.

MajHall04 · Dec 21, 2024

So what’s the consensus on the top insurance? Torn between Grundy and Hagerty. Leaning towards Grundy.

Blackthought_ · Dec 21, 2024

I’m not sure I get why folks go with special providers like Grundy etc instead of one the big chains? I’m with GEICO and get good rates and they’ve always been great to deal with.

I don’t see this car as being collectors cars or having particularly hard to find comparable values. Should be fairly normal. I don’t see a big chain giving you 50k for a car that’s worth far more

MajHall04 · Dec 21, 2024

Blackthought_ said:
I’m not sure I get why folks go with special providers like Grundy etc instead of one the big chains? I’m with GEICO and get good rates and they’ve always been great to deal with.

I don’t see this car as being collectors cars or having particularly hard to find comparable values. Should be fairly normal. I don’t see a big chain giving you 50k for a car that’s worth far more

Yeah Geico is $3100, everyone else is at least $5k. No accidents. No points.

brainf18 · Dec 21, 2024

MajHall04 said:
Yeah Geico is $3100, everyone else is at least $5k. No accidents. No points.

Grundy was less than half the price of state farm. 12 month policy with Grundy was $1400 and change. Way less expensive than the "mainstream" insurers.

MajHall04 · Dec 21, 2024

brainf18 said:
Grundy was less than half the price of state farm. 12 month policy with Grundy was $1400 and change. Way less expensive than the "mainstream" insurers.

Just got a quote from NJM. $1971/year. No restrictions. Maryland.

Blackthought_ · Dec 21, 2024

brainf18 said:
Grundy was less than half the price of state farm. 12 month policy with Grundy was $1400 and change. Way less expensive than the "mainstream" insurers.

Oh wow I guess it’s incredibly dependent on location too.

sonor8s · Dec 21, 2024

MajHall04 said:
Just got a quote from NJM. $1971/year. No restrictions. Maryland.

second NJM. They insure my V10+ R8 and Emira for 3100 annually.

MajHall04 · Dec 21, 2024

sonor8s said:
second NJM. They insure my V10+ R8 and Emira for 3100 annually.

So you are happy with them?

sonor8s · Dec 21, 2024

MajHall04 said:
So you are happy with them?

I have only been with them for a year and have not filed any claims, so assessing them from this perspective is challenging. However, I will say that their customer service is excellent. I had a claim showing up on my record that was the result of me being hit by a car as a cyclist (not at fault). They were able to research this and dismiss it. The resulting quote was nearly half of what State Farm was charging me.

Rayjoedef · Dec 21, 2024

sonor8s said:
I have only been with them for a year and have not filed any claims, so assessing them from this perspective is challenging. However, I will say that their customer service is excellent. I had a claim showing up on my record that was the result of me being hit by a car as a cyclist (not at fault). They were able to research this and dismiss it. The resulting quote was nearly half of what State Farm was charging me.

Grundy is the lowest I've found with 250 ded.....1431/yr emira