Is Hagerty Insurance the way to go?

[Zrush]

As with all insurance companys the final decision is up them them. But why lie about it. You must submit pictures of your car to them when you sign up for insurance. If you have an accident and total your Z, I can almost bet that they would send an adjuster out to verify the "agreed value" of your claim. If they see a rust bucket, you aren't going to get 10K for you car. They have been in the classic car insurance business for awhile and are probably quite aware of people who claim to have something they don't.

Insurance Fraud is Not Cool!!!

Vicky

[texasz]

Interesting..... How can they determine where you were driving the car? I mean unless the accident occurs in your work parking lot or at the Walmart..... I wouldn't be driving it there anyway. Sounds like to me both Grundy & Hagerty give some double talk. I wonder how they are to deal with when it comes claim time.

The guy I talked to at Hagerty or Grundy (can't remember which) told me that I could never drive it to work (I asked because I do this a couple times a year on a really nice day) but in the same sentence he also said that they really don't know where you are driving to or from. This comes down to one's own integrety, ethics, and morallity. You can drive it to work or the store and if something does happen lie about what you were doing but you'd better make sure the story is solid and any police report reflects what you tell the insurance company. Now at this point you may be committing a crime by falsifying a police report and certainly committing insurance fraud. If you are caught you'd better believe you will pay the price. A huge number of people get away with this kind of thing every year...but do you really want to risk being one of the ones who gets caught?

Just my 2cents worth.

[jmark]

The guy I talked to at Hagerty or Grundy (can't remember which) told me that I could never drive it to work (I asked because I do this a couple times a year on a really nice day) but in the same sentence he also said that they really don't know where you are driving to or from. This comes down to one's own integrety, ethics, and morallity. You can drive it to work or the store and if something does happen lie about what you were doing but you'd better make sure the story is solid and any police report reflects what you tell the insurance company. Now at this point you may be committing a crime by falsifying a police report and certainly committing insurance fraud. If you are caught you'd better believe you will pay the price. A huge number of people get away with this kind of thing every year...but do you really want to risk being one of the ones who gets caught?

Just my 2cents worth.

I fully agree with everything you said. I just don't want to take out a regular policy and get screwed by the insurance co. if something was to happen to my newly redone car. In that case the insurance co. would be the ones being unfair.

[johncdeere]

I decided to go the safe route and its' not costing much more. My regular agent that carries all my other vehicles could have gotten the collector car insurance but also offered regular insurance for antique cars based on an agreed value.

The only stipulation is to get some verification of the value of the car. He said a book on antique cars or something else to help set the value.

Any ideas on where I can get that value substantiated?

[240ZX]

When I was looking into insurance for my Z, I looked at both Hagerty and Grundy and at Farmers Insurance (my current insurance company) and found that Farmers offers a policy for an agreed upon valve and you could drive the car when ever you wished. However, mileage is limited to 5K miles per year....not a problem for me! Anyway, I was surprised to discover that the price for this policy was just slightly higher than Hagerty or Grundy. Additionally, by adding another policy on my insurance gave me a multiple car discount....making the slightly higher price almost a push. So, give your current insurance a chance to belly-up to the bar.....you might be surprised.

[texasz]

Any ideas on where I can get that value substantiated?

Check NADA, it's a fair value I think but only if you don't have tons of cash into your Z in upgrades and restore expenses.

When I was looking into insurance for my Z, I looked at both Hagerty and Grundy and at Farmers Insurance (my current insurance company) and found that Farmers offers a policy for an agreed upon valve and you could drive the car when ever you wished. However, mileage is limited to 5K miles per year....not a problem for me! Anyway, I was surprised to discover that the price for this policy was just slightly higher than Hagerty or Grundy. Additionally, by adding another policy on my insurance gave me a multiple car discount....making the slightly higher price almost a push. So, give your current insurance a chance to belly-up to the bar.....you might be surprised.

Allstate has something like this also, my agent told me that their guidlines were a lot like Hagerty's.

[jmark]

Wonder if USAA has a policy similar to those above????

[bpilati]

The guy I talked to at Hagerty or Grundy (can't remember which) told me that I could never drive it to work (I asked because I do this a couple times a year on a really nice day) but in the same sentence he also said that they really don't know where you are driving to or from. This comes down to one's own integrety, ethics, and morallity. You can drive it to work or the store and if something does happen lie about what you were doing but you'd better make sure the story is solid and any police report reflects what you tell the insurance company. Now at this point you may be committing a crime by falsifying a police report and certainly committing insurance fraud. If you are caught you'd better believe you will pay the price. A huge number of people get away with this kind of thing every year...but do you really want to risk being one of the ones who gets caught?

Just my 2cents worth.

A car that isn't driven will develop problems. If you let a car sit for too long a period because you're scared that it may break a Hagerty rule....well it's not worth it to me. I have a stated value policy, it may cost as much as a late model, but I'm not tied in the same manner. And as far as taking extra care with this car, don't insinuate that those who don't use Hagerty etal might not do so. :eek:

[PRSgodzilla]

Hey guys,

Im 17 and I just bought a 1971 240z that my Dad and I are going to fix up. Im not going to insure it for awhile but we dont know what insurance to go with. Im going to be driving this car all summer to and from work, and to school in the fall if the weathers nice. Any suggestions?

[240ZX]

Wes, read the above posts again. Also, give your current insurance company a call and ask what is available. At 17 years old it may not be cheap. Good luck with your Z!

[bpilati]

PRSgodzilla, my Z is the same colors as yours.

[sblake01]

Like I said before. Several times in this thread. All insurance companies have guidelines, like it or not. When you sign up with them you are entering into a contract. Read those guidelines. If they don't fit your situation don't sign up with them. We can speculate about whether on not they know how you drive your car for ten more pages. Or how lack of use affects a car. Or ways to get around their rules. Or how you do or don't take care of your car. A 17 year old driving back and forth to school and work: classic car insurance is not for you. Those who want to race their cars (however you want define racing): it's not for you. Those who want to get groceries and run other errands: same ol same ol. Taking extra care of your car includes not parking it in the Ralphs or KMart parking lot. No one is 'insinuating' that they take better care of their car than anyone else. I take the same care of all of our cars. The difference is the daily drivers aren't in the garage and the garaged vehicles don't go to work, school, or the store.