Hagerty Renewal - Premium up Significantly?

[Brass]

Your regular carrier isn't necessarily bad.   But collector cars aren't their thing.   Their adjusters are probably not skilled in that regard.   They might even prefer you move the car to a collector policy.  

Every regular carrier I have spoken to cannot grasp collector cars.  They are completely lost in the woods.  They don't know where to start regarding value, and actual appreciation, as opposed to depreciation, is a mind-blowing concept.  It's like the upside-down to them.

[fizley]

My renewal went up $43.  My 68 Charger RT is insured for  $46K, and total prem was $378.

[Old Moparz]

I've posted this before, but here it is again. I've had Condon & Skelly since 1989 & my rates only went up when I changed the value of a car & increased it.


http://www.condonskelly.com/

'68 Charger (project) value at $6500+/-
'68 Coronet (project) value at $3000=/-
'69 Satellite Convertible, value at $7000+/-
'70 Road Runner, value at $20,000
'71 Scamp, value at $6500+/-

The total premium is $376 for the year, & a no brainer if you ask me.

[lloyd3]

So-far, so-good with American Collectors.  I've even had a claim w/them. 

[poppa]

Adam Boca
Insurance Agent
NCM Insurance Agency/National Corvette Museum
350 Corvette Dr
Bowling Green, KY 42101
p. 877.678.7626
f. 270.781.5286
w. www.ncminsurance.com
e. adam@corvettemuseum.org

  these guys are great  if your getting quotes try them out  , its thru American Modern , great rates and service and All the snooty corvette guys use  it .

I have them too. Good thing I read this .... mine was due yesterday.
Mine's like #341 for 40k agreed ,plus I can drive to work once in a while . Better than others when I was looking. Actually have our home owners with them now , only 3 companies would cover our house.

[Wingnut426]

Just got my Hagerty renewal today. Went up $3!  The nerve!   LOL!   Thanks for making me get all worked up over nothing!  WINGNUT

[moparstuart]

Just got my Hagerty renewal today. Went up $3!  The nerve!   LOL!   Thanks for making me get all worked up over nothing!  WINGNUT

at your age we were just making sure your heart was still pumping .  And make sure im in the will for the convertible   

[Homerr]

Wouldn't insurance rates be higher if the median Charger is now $70k replacement value instead of $40k a few years ago? 

And if more overall Chargers have an agreed upon value up near, or over, that median value?   I.E. more potential claims per year.

I hate a big jump in rates as much as anyone, but it seems like rates maybe have been slow to react to market conditions.   

[poppa]

Looked last night , mine actually went down about $30 from last year.

[myk]

Wouldn't insurance rates be higher if the median Charger is now $70k replacement value instead of $40k a few years ago? 

And if more overall Chargers have an agreed upon value up near, or over, that median value?   I.E. more potential claims per year.

I hate a big jump in rates as much as anyone, but it seems like rates maybe have been slow to react to market conditions.   

Wait.  The average price of a 2nd Gen Charger is now $70K?

[c00nhunterjoe]

Wouldn't insurance rates be higher if the median Charger is now $70k replacement value instead of $40k a few years ago? 

And if more overall Chargers have an agreed upon value up near, or over, that median value?   I.E. more potential claims per year.

I hate a big jump in rates as much as anyone, but it seems like rates maybe have been slow to react to market conditions.   

If my policy doesnt cover my car for 70k, then why should i pay 70k rates?