007DT

6 Cars Total
Grundy for my 07 GT3RS. @ $200k Stated Value. $2,200 annually.

With 2 Teenage Drivers we are currently wrestling with this with our AllState Carrier. We had our kids take all the classes to qualify for discounts. .
NO Accidents or Tickets (That have been reported). After Discounts
21 Audi RS6
21 VW GTI
22 Rivian R1T
23 Mazda CX5
24 Audi Q4 Sportback ETron
$10,560/yr. + The Grundy for the RS


I'm on the search because we are getting F'd

Wonderdan

I went through this exercise last year, ended up putting the RS on Hagerty and everything else on progressive, I was Statefarm 5 years ago, Allstate for 3 years and now Progressive. I used to think I'd put the umbrella, houses, cars, jetskis, boat and trailers on one provider and it will save me something.... not even close, I left the house and Umbrella under Allstate when I moved the cars.

I run max deductibles on everything because even one accident forces me to move providers with the cars, but then again my kids cant use my stuff yet

Dont forget if you insure the Porsche under Hagerty to get your 5% discount for PCA, they wont remind you lol.

007DT

Thanks. We are similar to where you were. I have everything under Allstate boat, seadoos, 2 houses, umbrella. I'm going to go through the exercise of separating items for quoting purposes and see where I land. I feel like we are being robbed. I quoted the Porsche under Hagerty but they were 30% more than Grundy.

Wonderdan

Good call I’ll check their rates this year to see if I can save something on the RS

Wonderdan

I called Grundy this AM, they are 15% higher than Hagerty for me w/PCA discount

ard

What is a buyback rider?

Bxstr

you get to keep your car and they payout the agreed value.

ard

so you reach this agreement when you agree to the policy? What is the $10K in regards to, then? I ask the 1st question because I thought whether you buy back the car and at what price is a negotiating point after a covered event has occurred but fortunately I've never had to go through that process

Bxstr

I believe it’s an option on the policy.
Not sure about the $10k as I was under the impression it’s a %.

Here’s some info: https://www.hagerty.com/insurance/cl...lvage-coverage

Wonderdan

Yea its an amount they agree to for the buy back, mine is $10k... they gave the option of $0, $30k... I don't remember why i did 10k but I think it sounded good at the time. My point was that I have like $25k into the exhaust and $20k into the seats alone, so i wanted the option of getting the car back even if they totaled it. She said they typically would usually give me the option of buying it back anyway but there wasn't an agreed 'number' and didnt know how much it would be. This car on Copart could easily get up to $100k prob so thats why I decided on it.

As an alternative they would easily insure it up to $270 if I asked to make up that difference, but that was significantly more expensive.

daddyscar

That's a lot of newer cars two teens have access to. When I talk to friends about insuring teenage drivers, I ask, what would you charge?

Specracer46

Ive got just over 20 cars with Hagerty in 2 states. No mileage restrictions, agreed values, but you have to have a "normal" daily driver also (no issue for us).

One note on Grundy, at least as of 2 years ago, they use a 3rd party for the claim process. My father had a ZERO fault accident, and he had a lot of trouble collecting. He switched his fleet to Hagerty because of it.