Anyone with Hagerty get a Email saying your car was under insured? I guess they think the value on some of the Olds has gone up? Cost a $100 a year to upgrade,

 

That would be an almost 25% premium hike under my Grundy policy. How much of a value increase are they offering for that extra c-note?

 

I called them last week and almost doubled my agreed value, not because they contacted me, but because I've been watching sales and there was no way I could replace my car for what it was previously. insured for. My prorated increase was $66 which probably translates to about double that for the year. It seemed like a lot of money but for now I wanted to protect myself. Considering I only drive the car about four months a year my premium is getting out of hand for sure

 

100 bones a year maps out to be 8.33 a month...seems like a no brainer to me 🤔

 

I don't live my life on monthly payments. My policy cost went from $275 to $414. That's a 50% increase. Doubling the agreed value shouldn't translate to a 50% increase

 

I raised it 15K, seems a little high to me.

 

I insured my '72 U code Supreme for 30K and it costs me $420 a year for full coverage (including glass and up to $1500 for my literature/paraphernalia) through Hagerty. I am 👌 with that.

 

I have JC Taylor antique insurance & when we added the Rallye 350 on at insured value of $32,000 it cost us $240.00 a year.

 

I didn't get a solicitation from American Collectors to buy more insurance. It's probably a good idea though. Before you know it we'll all be driving 6 figure cars!

 

Agent,
National Corvette Museum (NCM)
350 Corvette Dr.
Bowling Green, Ky. 42101
(American Modern Insurance Co, carrier)

As a comparison, my full coverage policy cost for 2022. First car agreed value $100,000, premium $273/year; second car agreed value $130,000, premium $453/year.

 

I can relate my recent experience with them;
I bumped my 442 from 30 to 60K last week after spending 30 min with a knowledgeable Hagerty agent. We also bumped my spare parts insurance and added the "cherished vehicle" clause which guarantees I keep it regardless of damage. That was the first time I had really spent any time with a Hagerty rep and must admit was pretty impressed. We also bumped my daughters Falcon from 7 to 10K and added the cherish clause on it as well. I don't remember exact amount but I think it was another 2-300 a year for my 442.