Grundy vs Hagerty

I've never been able to get around the restrictions of the specialty insurers. Sure, if a tree falls on it at a car show you're probably OK, but better hope that someone doesn't hit you on a workday. Do you drive your Dino that infrequently? I can't seem to cut back

 

I don't believe Grundy has any mileage restrictions any more.

 

The "total mileage" was a problem (and if they've raised, or eliminated, that -- great), but the bigger problem was/is the weasel "usage" words that are impossible to meet unless it's virtually a garage queen/show car -- are those also changed?

 

I just called (Hagerty) and got a quote on a 355. It was reasonable for my unreasonable driving history. It was for a GQ policy.

 

I have Grundy for my 328; been with them for 4 years; no mileage restrictions, no deductable.
Unrestricted use for 'pleasure driving'; I assume they just don't want you using it as a daily driver/commuter car. I have absolutely no problem with that. I've never considered the 'usage restrictions', if any, that come with collector-type insurance to be any problem.....I don't use my car for those purposes anyway.
I have not had a claim with them so can't offer any claim experience for you. Grundy did not require an appraisal.

I have priced coverage with Hagerty and they were 35% more for the same coverage. A lot of owners on FChat use Hagerty and are satisfied with them.

From Grundy's site: "Collector vehicles must be used for show, hobby, and pleasure purposes only. They should be owned in addition to vehicles used for daily transportation."

Hope this helps.

 

I looked into both as well as some others for my 355 and wasn't impressed at all. My local State Farm rep (go figure) had a fantastic policy that blew the other guys away & also included a rebate for winter storage. Mileage was a cap of 4000/yr. The big guys advertise alot but at least for me they came across almost as arrogant as if I work for them and I wasn't the customer. Of course we all may get different results.

 

Don't forget Leland.

IMHO, get specialty insurance if:

1) you drive your car on the weekends only. less than the mileage required
2) attend car shows
3) just need insurance so you can drive the car legally but are not concerned about actually using the insurance if something happens to your car.

 

I got a better deal with State Farm.

 

My deal with Grundy sounds like Marq's above, but in addition I had to sign a notarized paper that I wouldn't allow anyone under 25 to drive the car. I think it's because I have a couple of teenagers in the house. No claim experience and hope to keep it that way.

 

I started with Leland West but found them too strict: no driving to work ever and a strict 5000 mile annual limit which required annual verification.

Hagerty's, for a slightly higher premium, allows an "occasional" drive to work (which is handy, because if I have to take the car in for service, it's usually easier to do it from work) and a "soft" annual limit with no hard verification. As long as you still provide proof of your daily driver and a photo of your garage, the rest is done on common sense and the honor system.

They both had a stipulation that no one else could drive the car who had "less than 10 years" driving experience, which means in practical terms that no one 27 years of age or less could drive it. But Leland West actually wanted a list of said drivers! Again, Hagerty's was a bit more lenient.

And Grundy's would not cover my car at all, claiming it was too new! They would only cover it if it had been part of a larger collection that included older (25 years or more) cars.

 

I have had our 250 PF coupe covered by State Farm since we bought it 30 years ago. We have never had a claim on it. When we moved the car from Maryland to Seattle, we had to have an appraisal which consisted of taking it to the dealer in Seattle. He wrote a letter on company stationary and signed it which I passed along to our State Farm agent, no cost involved. Since we moved to Oregon, my agent comes out here to the farm once every two years to verify that we still have it, look it over to see it that it has not been damaged or modified, listens to it run, takes a few pics, finishes his cup of coffee and off he goes! The total loss is a stated value that we obtain from the current issue of Cavallino and agree to with a handshake. Done deal. I see no reason to change. The premium is less than $300 per year.

 

Try PMing "lukek"... I don't know his insurer, but I do know he filed a claim on his 250GTE a couple years back, and I recall him telling me it was handled wonderfully by the insurance co.

FWIW, I have Hagerty - Grundy wouldn't take my car alone - they said it would have to be part of a larger "multi-car" collection to insure, or have a value over 100k.

Aaron

 

Yep, they sent that paper along with my latest renewal but we don't have kids; was told to disregard it.

Amen to that!