Agreed upon value insurance policies

[rbizet]

FWIW transferred my 996 to Hagerty with an agreed value of $120k and cost is about $1.2k in San Diego and a mileage limit of 2k a year. I have a 16 year old driver in the household now, so had to protect that car from a massive policy increase.

[fattycharged]

I can confirm. Other rules would be like the use of the vehicle. Only meets/shows/cruising, no work/errands/commute

Even with the inflation and massive insurance hikes lately, my Grundy policy on the e46 m3 has been about $350 for the year for like 5 years now. That's for $35k value iirc.

Jeez, I need to look into these…I know I pay an obscene amount for things that just sit


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[Tbonem3]

I currently have Hagerty but plan to switch to Grundy due to the massive price difference. I’ve talked with my agent extensively about it and he told me Grundy doesn’t have a mileage limit, they just require you to garage the “specialty” vehicle(s) and have a newer daily driver — all of which is pretty standard with these types of policies.

I can confirm. Other rules would be like the use of the vehicle. Only meets/shows/cruising, no work/errands/commute

Even with the inflation and massive insurance hikes lately, my Grundy policy on the e46 m3 has been about $350 for the year for like 5 years now. That's for $35k value iirc.

[D-O]

I currently have Hagerty but plan to switch to Grundy due to the massive price difference. I’ve talked with my agent extensively about it and he told me Grundy doesn’t have a mileage limit, they just require you to garage the “specialty” vehicle(s) and have a newer daily driver — all of which is pretty standard with these types of policies.

Sounds pretty good. Thanks.

[Interlagos]

I would be very interested to know if they have a mileage limit, and if so, what it is.

I currently have Hagerty but plan to switch to Grundy due to the massive price difference. I’ve talked with my agent extensively about it and he told me Grundy doesn’t have a mileage limit, they just require you to garage the “specialty” vehicle(s) and have a newer daily driver — all of which is pretty standard with these types of policies.

[D-O]

I would be very interested to know if they have a mileage limit, and if so, what it is.

[ugaexploder]

How many miles per year will Grundy allow? Do either of you have teenagers?

I honestly didn’t even see the allowed mileage. I just had a simple quote so it may just be a budgetary until they get all my info. Renewing next month so I’ll definitely be on the lookout for it!

Nope, no kids here! Not yet at least

[D-O]

How many miles per year will Grundy allow? Do either of you have teenagers?

[9kracing]

Hagerty just dropped me for getting 3 tickets in 3 years.

I had gotten 2 really close together, like a month apart back in summer of 22, and then I got another one beginning of this year.

2 of them are literally for doing 75 in a 65, but apparently it doesn't matter.

So, I have to park the M3 for like 6 months and then reapply.

[ugaexploder]

It's that time of the year for me to renew car insurance. It's currently with Hagerty, I paid $850 for the year last November. They just quoted me $1k/year for an agreed value of $24k lol

I checked out Grundy and I put in estimated value at $30k and I was quoted $400 for the year. Definitely switching lol.

[Phoenix///M3]

Just renewed Grundy. No rate change past three years and half the cost of Hagerty.


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[SQ13]

I recently made a glass claim thru Grundy. They tried to replace it with aftermarket glass, but the glass guy I went to was able to get them to cover the cost of an OE replacement. Wasn’t able to get the IR glass though. The process was very simple.

Grundy is significantly cheaper than Hagerty for me, about 1/4 of the price ($0 deductible vs $1k too), and the rates haven’t changed over the last three years. Hagerty pricing is fucking stupid now…even their track day insurance would cost over $1k for a weekend while others are charging $250-400.

[PetrolM3]

All insurance rates have gone up, classic and all others. Cost of parts, skilled labor, inflation, etc means it costs more to repair and replace cars.

I just got a 2024 VW GTI two months ago and my rate is going up over $200 yearly at renewal time, only two months after my initial quote.. this is not a classic car policy but the increase is for the same reasons…

[Interlagos]

Sounds like I need to look into Grundy — recently renewed with Hagerty and they upped my rates quite a bit for no reason even though by their own valuation tools my cars values are dropping…

[T-Rex]

I filed my first claim with Grundy / Phly last month after 5 or 6 years with them. Just a glass claim after the windshield on my E39 M5 got busted by a large bird (an eagle I thought -- it flew right away after destroying my glass)

No issues whatsoever, paid in full. Got OE BMW glass, even the expensive upgraded IR/UV climate comfort variant through the shop of my choice. I had low expectations given that it's about 30% of the cost of Hagerty

That's fantastic, thanks for the quick reply! Their quote was ~35% of Hagerty, which raised my eyebrows for sure. That said, I am done paying a king's ransom for two cars that combined get fewer than 5k added per year.