Ferrari Insurance-Hagerty report

I also have to agree with you. I have 4 of my car's insured with them, and the service and rates are the best! They are great people to deal with. My 2 cents.

 

Luke,

Could I please have their phone # and / or website? Thanks.

 

I have yet to make a claim with them but the news is good to hear. When my old slow 308 turned 25 years old my premiums were cut in half while still retaining the agreed value!. What a pleasant surprise.

 

GREAT TO KNOW ANOTHER COMPANY

IVE USED LELAND WEST FOR THE PAST 3 YRS...GREAT PRICES..GREAT PEOPLE TO WORK WITH, HOPE TO NEVER CALL EITHER ...

BRUCE

 

I use Hagerty as well. I have my 308 with them. When I also got a 914, I added it on for only an additional $60/year for a $10k agreed value policy with $0 deductible. Nice.

 

I use Great American Insurance. Just ran a conparison of my current rates with them Vs. Hagerty.

Same coverage, no ded. Hagerty $1454 Great American $324 per year. If hagerty would consider the 246GT a classic, not an exotic, it's $524 per year.

Great American insures my 246GT as a classic, not an exotic, which greatly reduces the rate.

And, they even have a $0.00 ded. for windshield damage. I've never had a problem with them, and they are great to work with.

 

I've been with Hagerty for the past 8 years without a claim and ALWAYS payed them on time. I have always liked their good manners on the phone, but never dealt with them in any other way (claims, etc). When I sold the 308 and was ready to drive to Ohio to get the TR, I called them 2 days before I was going to go get it to put insurance on it. They said that it would take 5 days to "process" my application for the TR. I asked them to make an exception, talked to the underwriter, and still no dice. Also, their rate was going to be $1500.00 per year. I then looked in the archives here at 4:45 pm on Thursday (scheduled to leave the house at 6:00 am the next morning to go get the TR....with no insurance at this point), and found that some folks had State Farm. I called my local agent (who had never met me and vice versa) and she quoted $650.00/year and stayed until 5:30 to get it done for me. I called Hagerty back and left a voice mail with the underwriter that I would never do business with them again if this is the way that they treat their customers (especially their loyal ones).

 

That's not really insurance though. I looked into it.
You set the amount for coverage, if you have a total loss, they pay you the money. What if you have an accident? what if you have a 20k damage to repair, do they pay $20k? I don't think so. It is not the same as the normal insurance policy.

 

I'm interested to know the details of your policy. What are the deductibles and coverage limits. What exactly are you covered for? What are the milage limits etc. I'm an agent (not state farm) in Michigan and I just gotta know why the premium is so cheap...

 

Jerry, i too went with State Farm, and so far have been very satisfied. Because i also have my condo insured w/them the premiums are a bit cheaper.

 

I chose Hagerty out of strong recommendations from people who've had some experience. I haven't had to file anything with them, but I've heard great things from those who have. And the price is great!

 

Good to hear the positive report. As you said, we hear complaints all too often, so it is nice to hear the good news sometimes.
I also have Hagerty, but have never had to submit a claim. Your message is hopeful if that ever happens.
Thanks

 

Its a good thing you guys dont live in WV where the insurance is king!!!

my rates on a 8 year old toyota landcruiser are simply outrageous(raised twice in as many years)and this with "long term" and "no accidents" discounts applied!!!!! also i am driving a company car 99.9 percent of the time

when i went to try and get the landcruiser insured by other insurance companies ,no one wanted to write it!!!!(its too expensive,or its rated bad by our code book,what a bunch of crap.....

i have a 12 year old streetbike(ducati 907ie)and it was also very high for full coverage(almost 800.00 per year)and over 200.00 for liability only..my 2003 honda rubicon 4 wheeler is over 250.00 a year as well..the only decent deal i get is on my boat and thats not that hot either(considering its tucked safe in a carport 9 months a year)

all this and no speeding tickets or other violations either....
insurance in my state has got to be the biggest racket ever seen!!!!!

doug(can ya tell i hate insurance companies)

 

i have had all of my other cars with them since i was 15. my new truck is insured by them now.i have a clean record and they quoted me ( TODAY) $733.02 for 6 months, full coverage, $ 1000.00 deductable. will call hagerty monday as i am looking at a carb 308. the gts had a way higher rating than the gtb.one had a ( a "50" and a "46" whatever that means) i will post what i get from hagerty, i feel the state farm numbers are too high, i want a low milage limited use policy. i drive my truck daily and only put about 9600 miles a year on it. fcar will be at least half that. i still have 3 other cars to get rid of, so my miles per year should go up some!!!!!!!

 

Been with Hagerty since Feb/04. Truely a wonderful company to work with!
Very helpful and one of the nicest to talk too on the phone. Would highly recommend them to everybody. They actually quoted me and bound the policy the same day!!

I did try Leland-West first and was very dissatisfied. They were very rude to my wife when we questioned something about the policy!

Thanks,

Rick

 

I'm glad to hear possitive things about Hagarty. I just switched to them.

Policy was better than what I had for my 308 GTBi. I purchased a 328 recently and my old insurance co. refused to cover it for anything but collision. And at a premium of $1300.00. I had the 308 with them for 15 years, never had a claim,and they told me I would have to find other insurance carrier, since they would not renew the 308 in June. What a crock!!!

Hagarty insured both cars for what I was paying for one!

 

i called and TALKED TO A REAL PERSON!!!! this was on a carb 308gtb. $574.00 A YEAR full coverage, no deductables, extra coverage for medical and uninsured motorists. even if this GTB deal falls through i will use them to insure whatever fcar i finally get ,and any of my classic muscle cars as well!!!! michael

 

They're not recommended.

 

Dave,
I insured my 246GT with American Collectors Insurance (through USAA), I pay $423 for the year. Hagerty gave me a slightly higher quote. Sounds like Great American has good rates. I'll prob stick with ACI because USAA (my insurer) recommends and endorses them....
Scott

 

Does anyone have any experience with Grundy (Grundy.com) for exotic auto insurance. They are giving me a great quote for 2 cars with no deduct. and no mileage limitations.
Thanks.