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  #1  
Old May 22nd, 2016, 06:27 PM
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Mark Lorman
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Hagerty

I know there are plenty of threads here about stated value insurance. I reached out to Hagerty last week online. I answered all of the questions they asked and assigned a rather high value to my 2 defenders. I have both insured with AAA today (non stated value.) 1 day later Hagerty called and asked me to a picture of the 2 trucks, I send an Iphoto of 1 side of both trucks (nothing more, no interior, no under the hood etc.) The following day, they called me back to tell me my policy was approved and asked for payment in full. The whole thing seemed way too easy. No appraisal, no review, no nothing. I valued my 95 at $65K and my 97 at $75K and they never batted an eye. Has anyone had good or bad experiences with them? Just seems way to easy...
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  #2  
Old May 22nd, 2016, 06:32 PM
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Derek Chace
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They are an awesome company. You only run into issues if you drive more then a 1k miles a year and if you are using it as a daily driver.
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  #3  
Old May 22nd, 2016, 06:47 PM
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Jack Walter
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I've had my Porsche insured with Hagerty for years - and I don't remember a mileage restriction. They just don't want you to use it as a daily driver. I had to increase the policy on the Porsche this year after putting the 4-cam back in it and they were willing to insure it for even more than I think its worth. Very reasonable prices - especially considering the value of my policy.
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  #4  
Old May 22nd, 2016, 07:23 PM
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Andrew
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What's the best insurance for a Defender used as a daily driver?
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  #5  
Old May 22nd, 2016, 07:39 PM
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I use chubb classic car, no mileage restrictions and stated value
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  #6  
Old May 22nd, 2016, 08:15 PM
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Chubb says at least one care on the policy has to be 30+ years old
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  #7  
Old May 22nd, 2016, 10:12 PM
Nickels
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Stated value

You don't want stated value, you want Agreed Value. With agreed value policy, you and the insurer agree on what the value is BEFORE the claim. THis is how I have my 993 insured with Grundy. With stated value, they will pay you the LESSER of your stated value or the ACV (actual cash value). You only want stated value if you wish to insure the vehicle for LESS than what it's worth. Hopefully you have stated value and thought the words are interchangeable but they're not. Read your policy or call the 800 # of the company you purchased the coverage from to clarify this for you. Good luck!

------ Follow up post added May 22nd, 2016 10:17 PM ------

Hopefully you have Agreed Value. See how confusing it is?
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  #8  
Old May 23rd, 2016, 10:12 AM
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Jafir Elkurd
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Quote:
Originally Posted by Nickels View Post
Hopefully you have Agreed Value. See how confusing it is?
I know I got confused last time I renewed.

I was worried about this with Hagerty last time my renewal came up, because of something I read in the policy about "actual cash value" so I called them up and asked them. They said they don't do stated value, they only do the agreed value. The paperwork I was reading was actually about coverage for tools and spare parts that they add in for next to nothing. The spare parts are ACV, but the vehicles are agreed value.
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  #9  
Old May 23rd, 2016, 10:24 AM
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Matthew
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Quote:
Originally Posted by mlorman View Post
Chubb says at least one care on the policy has to be 30+ years old
May want to ask them again, I've hod my policy with them for at least 5 years. Build date on my truck is 84

I think you have to just say it's a rare vehicle or something similar
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  #10  
Old May 23rd, 2016, 11:31 AM
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Doug Crowther
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Hagerty turned me down when I said no I wasn't storing it in a locked garage. They also had an issue with the raised air intake. Said the underwriter was concerned I was going to drive it through deep water.
That was several years ago, maybe they have lightened up
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  #11  
Old May 23rd, 2016, 02:10 PM
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They have to be garaged.
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  #12  
Old May 23rd, 2016, 03:05 PM
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Jafir Elkurd
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I had to provide photos showing it in the garage.
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  #13  
Old May 23rd, 2016, 04:29 PM
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Chris Robinson
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I went with Hagerty January of this year and had a excellent experience.
I'm a Military collector and just needed coverage on a stock '86 Ex MoD 110.
They sent an appraiser out to assess the value. He did a walk around and listened to it run for a few minutes.
The same day a Hagerty rep. called me and verified that I'd be keeping it in climate controlled garage and that it's not a daily driver. Zip, zap all done! Very easy to work with.
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  #14  
Old May 23rd, 2016, 04:40 PM
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Just got a quote for shits & giggles, $1,750 per year to drive it to shows only with $50k agreed value. Premium seems high, that about the going rate???
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  #15  
Old May 23rd, 2016, 04:48 PM
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barry f
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I pay 1250 for agreed value through safeco and I can drive it as much as I want.
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  #16  
Old May 23rd, 2016, 06:17 PM
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Robert Davis
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Quote:
Originally Posted by Uncle Douglas View Post
Hagerty turned me down when I said... They also had an issue with the raised air intake. Said the underwriter was concerned I was going to drive it through deep water.
You drive through deep water and have to open the doors to let the green algae soup and salamanders out... never happen in a million years!
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  #17  
Old May 23rd, 2016, 06:19 PM
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My premium through Erie was somewhere in the range of $500 - $600 per year with an agreed value around $50k. However it wasn't a daily driver policy...listed as 3rd vehicle for occasional use.

------ Follow up post added May 23rd, 2016 05:21 PM ------

It's tough to compare insurance given all the variables...state, zip code, credit score, driving history, multi car, etc. Too much stuff at play to nail down a common price.
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  #18  
Old May 23rd, 2016, 07:15 PM
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Eric Smirh
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I have another thread about my accident, but the insurance I have is great. I had an agreed value of $ 25,000. Repairs came in right at $25,000. The insurance company paid one week after the crash. My cost is $250 per year. I do have a clean record. No tickets or accidents for 40 years. They did come to the house and take pictures of the 90 in the garage and I have other cars, so not a daily driver. The company is JCTaylor insurance in Penn. they have treated me very well and I would recommend them.
Doug, just don't send that picture of fish coming out of you foot wells
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  #19  
Old May 23rd, 2016, 08:10 PM
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Quote:
Originally Posted by ionfender View Post
My premium through Erie was somewhere in the range of $500 - $600 per year with an agreed value around $50k. However it wasn't a daily driver policy...listed as 3rd vehicle for occasional use.

------ Follow up post added May 23rd, 2016 05:21 PM ------

It's tough to compare insurance given all the variables...state, zip code, credit score, driving history, multi car, etc. Too much stuff at play to nail down a common price.
This sounds more reasonable for non daily driver usage. Who is Erie? Never heard of them, will look up. Hagerty never asked for any credit info, that wouldn't be an issue.
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  #20  
Old May 23rd, 2016, 08:35 PM
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Hello All, I am actually an Agent for ERIE Insurance (www.erieinsurance.com) and others. I can say "without" reservation that the coverage afforded by ERIE to its policyholders is every bit as comprehensive as Chubb or the other "specialty car" insurance carriers mentioned here. I have had my Defender written on my personal auto policy for about $500-$600/yr. If any DSource member would like to contact me to review some options, you can email me at darrell.stewart@stewartinsa.com or PM me thru the site. I hope this helps a little.
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