I believe that State Farm "farms" out the value or comp part to companies like
Hagerty. Or at least that is what my SF agent told me.
My Hagerty policy is $240 a year less than the SF quote for the same liability
/ UM levels, I didn't have to pay for an appraisal and I have 50 mile flatbed
service not offered by SF included. Sadly to say with agreed value my 6 is
worth more dead than alive ;-).
I do have SF on all my other cars and happy wit them too.
As they say, YMMV but that is what I found when I researched it.
Lou
-----Original Message-----
From: David Friedlander <forzion@maine.rr.com>
Sender: 6pack-bounces@autox.team.net
Date: Thu, 02 Sep 2010 13:37:56
To: <6pack@autox.team.net>
Reply-To: forzion@maine.rr.com
Subject: Re: [6pack] Hagerty Car Ins. up 14%??
I am not sure I understand the benefit of using insurers like Hagerty,
Leland, Grundy
and the like....
I simply took my Six to a local reputable classic vehicle assessor and
took his assessment
document to my State Farm agent who insures all my other cars, too. He
promptly wrote me
a comprehensive policy for the full appraised value of the car. I'm not
sure I see the benefit
offered by "classic" car insurance companies. Seems like fancy wrappings
for a rather generic
product (car insurance) giving them a pretext upon which to charge a
premium for their premiums!
Dave Friedlander
'74-Six
On 9/2/2010 1:03 PM, Bud Rolofson wrote:
> Hagerty has raised my premium by almost 14% over last years premium
> which I'm very unhappy about. I know rates go up because of various
> factors (excuses by the Ins. industry to raise rates) but this is the
> biggest increase I've ever seen from them and I've had them since
> 2000. I'm looking to see if a better deal is out there for classic car
> insurance. Anyone getting better rates or at least not a 14% increase
> from one year to the next.
>
> Thanks
> Bud Rolofson
>
> 71TR6 CC57365 (Good 6)
> 66TR4A CTC57806 (The Wreck-Almost parts)
> 66TR4A CTC57529 (The Project)
> 71F-250 Camper Special (Triumph Support Vehicle)
> Z-50A Hardly Davidson 1977 Honda Mini-Trail Bike (Triumph Pit Bike)
> levilevi@comcast.net
> _______________________________________________
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