Classic Car Insurance
Thread Starter
Burning Brakes
Joined: May 2007
Posts: 968
Likes: 18
From: Ottawa
Classic Car Insurance
I have used Hagerty (www.hagerty.ca) for the past 2 years, and just renewed my policy.
It's well priced for the amount I use my 911, and although there are restrictions , there are not ridiculous restrictions.... I remember Silver Wheels telling me that I had to call them to ask approval to take my car somewhere overnight... like visiting a friend and sleeping over. Who the hell do they think they are? My wife?
Just thought I'd mention it as there are always questions around who is the best classic car insurer. I think Hagerty is relatively new to Canada.
It's well priced for the amount I use my 911, and although there are restrictions , there are not ridiculous restrictions.... I remember Silver Wheels telling me that I had to call them to ask approval to take my car somewhere overnight... like visiting a friend and sleeping over. Who the hell do they think they are? My wife?
Just thought I'd mention it as there are always questions around who is the best classic car insurer. I think Hagerty is relatively new to Canada.
Team Owner
Joined: Aug 2005
Posts: 28,495
Likes: 1,636
From: Cambridge Ontario Canada
Thaks JAmes maybe its time for me to call them .. i dont drive my 911 much thesed ays so i may as well move them over .. do i need an appraisal? .. i cant be bothered to do that so i havent bothered to change ins.
Race Car
Joined: Nov 2004
Posts: 4,859
Likes: 50
From: Hamilton, Ont. Canada
Hagerty owns Silver Wheels now. The bought them recently. Silver Wheels says lots of stuff, but if you read the actual policy, none of that's in there. I'm not sure how they can enforce a lot of it.
Nordschleife Master
Joined: Nov 2009
Posts: 5,075
Likes: 467
From: Toronto & Mont Tremblant
It has to be appraised if you want more than beater car value coverage.
Burning Brakes
Joined: Jul 2009
Posts: 883
Likes: 0
From: Markham, Ontario, Canada
I think the only other restriction is you have to have access to another vehicle as your primary mode of transportation. I called them earlier this year. There are 2 drivers in my house (including me) and we have 2 vehicles one of which is my 964. Both drivers need a car to be considered primary use so in my example, I could not use haggerty/silver wheels unless I bought another car.
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Instructor
Joined: Jul 2008
Posts: 115
Likes: 0
From: Milton, ON
I had to provide proof of insurance on other vehicles for myself and my wife (a work supplied vehicle with proof of coverage was OK).
I have no experience with claims with them but definitely their price and liability coverage are great.
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Three Wheelin'
Joined: Jan 2009
Posts: 1,620
Likes: 5
From: GTA
I found in the past that Silver Wheels does not allow you to remove road coverage during the winter months when the vehicle is not driven. I am spending approx. $2k/yr. for the my limited use which is cheaper than what I was quoted by Silver Wheels. This is at an appraised value in excess of $100k. I have a 19A policy with Aviva.
Race Car
Joined: Nov 2004
Posts: 4,859
Likes: 50
From: Hamilton, Ont. Canada
That's true, their coverage is year round, but I've never heard of them quoting more than 2000/year. I'm paying a tenth that! (I think I'm $225/year). And at those lower rates, there's no point removing it in the winter. But most of us aren't talking about $100k+ cars. At that price, yeah, I imagine you're going to be paying a hefty premium for insurance, no matter who you're with.
Nordschleife Master
Joined: Nov 2009
Posts: 5,075
Likes: 467
From: Toronto & Mont Tremblant
I found in the past that Silver Wheels does not allow you to remove road coverage during the winter months when the vehicle is not driven. I am spending approx. $2k/yr. for the my limited use which is cheaper than what I was quoted by Silver Wheels. This is at an appraised value in excess of $100k. I have a 19A policy with Aviva.
Three Wheelin'
Joined: Jan 2009
Posts: 1,620
Likes: 5
From: GTA
Three Wheelin'
Joined: Jan 2010
Posts: 1,380
Likes: 1
From: Durham Region/GTA East, Canada
That's true, their coverage is year round, but I've never heard of them quoting more than 2000/year. I'm paying a tenth that! (I think I'm $225/year). And at those lower rates, there's no point removing it in the winter. But most of us aren't talking about $100k+ cars. At that price, yeah, I imagine you're going to be paying a hefty premium for insurance, no matter who you're with.
A higher quoted rate could also depend on whether the car is considered "modified". Mine is, and it caused my rates to be 3 times what they would have been if it had been classified "stock"
Pro
Joined: Aug 2008
Posts: 515
Likes: 46
From: Burlington, ON
At what age can a car be deemed 'classic' to qualify for this type of insurance ? Hypothetically, if I were to garage my '99 996 and only bring it out on weekends and drive either the wife's car or get a third for commuting purposes could I then plan on being able to have 'classic' car insurance ?