Collector Car Insurance: Grundy or American Collectors Insurance ?

**Spiney** · 03-30-2014, 01:09 AM

I'm going to switch to classic car insurance before I take our 96 SVT Cobra back out on the road. My main reason is agreed value. My current insurer State Farm won't do agreed value.
I've been in talks with both and would like to sign the papers on Monday. I don't want to take the car out until I switch because my luck if I do, it will get totaled and State Farm will give me $7k for it.

My first choice would probably be Haggerty, but they won't insure my car because my DD is an old pickup truck. We also have a 2012 Fusion. Grundy and ACI will both insure me. Price difference is within $60 a year. ACI has a 5000 mile a year limit, Grundy is unlimited as long as it's going to shows, on cruises etc. Good for if I'd ever do the Hot Rod power tour or the Mustang Round Up. We usually put less than 4000 a year on the car anyway because we are limited because of a Cat Less exhaust.

So I'd like to hear your feedback as to which insurer you'd go with of these 2.

Thanks, Dave

**cshamilton** · 03-30-2014, 01:32 AM

Sorry, I have absolutely nothing to add of value but I have to ask.

What is a 96 SVT cobra's "agreed value"?

This topic fascinates me; especially since this car is less than 20 years old.

If that's a tasteless question to ask please ignore me!

**FUNX650** · 03-30-2014, 11:49 AM

Originally Posted by Spiney

I'm going to switch to classic car insurance

My first choice would probably be Haggerty, but they won't insure my car because my DD is an old pickup truck.

That's interesting...but strange, from my experience.
We have Hagerty on one of the vehicles,
yet what vehicles we drive on a daily basis has never, ever come up...

Bob

**77shovelhead** · 03-30-2014, 11:55 AM

In my experience neither offer much coverage. I had a 37 Ford coupe and checked both, not much difference in price but coverage was terrible. read the covered costs

**grisby** · 03-30-2014, 11:57 AM

Originally Posted by FUNX725

That's interesting...but strange, from my experience.
We have Hagerty on one of the vehicles,
yet what vehicles we drive on a daily basis has never, ever come up...

Bob

I also have Hagerty and agree with you. I don't think a vehicle less than 20 yrs old is considered a classic or rare by Hagerty but I could be wrong. Hagerty does require that you have another insured daily driver so that your "classic" vehicle won't be driven on a daily basis and they don't care what type of DD it is unless its insured.

**valleyrider** · 03-30-2014, 12:39 PM

I know Leeland West is the official supporter for the Porsche club for agreed value insurance but I have no experience with them.

Curious as to what value you are wanting to insure your car at. 1996 SVT Cobra's are regularly selling around $10k and that includes convertable models with less than 50,000 miles.

If its worth more to you and you don't mind paying the extra for insurance then by means insure it with agreed value so you know you will get what you expect from it in the event it gets totaled.

**bugeye** · 03-30-2014, 02:04 PM

I've been with ACI for years. Cost was less than regular insurance coverage on 1973 and 2004 Corvettes.

**david79z28** · 03-30-2014, 02:05 PM

I have Hagerty on a 79 Z28. They only required that I had another car that was my daily driver.

The ultimate test is how any company handles a claim.

I have one with Hagerty right now and wow, they are great. Had an inspector out within 2 days and I had a check in a week.

The body shop has since found a few other items that they needed additional funds for.

Again, Hagerty responded quick and covered the additional expenses. They covered some things I never thought they would.

If you can get Hagerty to insure you, I would use them.

**Spiney** · 03-30-2014, 06:49 PM

Agreed value of my extremely clean SVT Cobra is $15K. I talked to Hagerty 2X and both times it went well until I told them my DD is an old pickup. That killed it. They said why would I drive an old pickup when I had a 96 Cobra in the garage. For me Hagerty would be a no brainer if they'd insure me.

**Gunslinger** · 03-30-2014, 08:28 PM

I've been with ACI for over ten years and they've been excellent. Several years ago one of my cars was damaged and they could not have been better. When their adjuster looked at the car and got the estimate (which was about half of the car's value), he simply said "Fix it."

I cannot recommend them more highly.