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Insurance Costs

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Old 02-02-2017, 08:31 PM   #1
ronnie993tt
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Just got this year's invoice. Please PM me if you have a 19a insured 993 turbo in Toronto and want to compare insurance rates.
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Old 02-02-2017, 09:14 PM   #2
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Hey Ron, not a TT but I finally dumped Hagerty Lant this year. Between the increase and the removal of the winter theft and fire only option I was done. Moved to Vintage in Lindsay, significantly reduced rate and really easy to deal with. Annual premium dropped $400 after the move.
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Old 02-02-2017, 11:11 PM   #3
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Pags993, how did you get insured there? They said they won't insure a car less than 25yrs old.
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Old 02-03-2017, 12:08 AM   #4
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I was told about the 25 yr rule but decided to call anyway. They can make exceptions given model and year and my 95 happened to get a pass. I disn't ask why as I didn't want him to dig deeper - ok good give me a quote and off we went.
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Old 02-03-2017, 12:32 AM   #5
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Good tip. Thanks. I'll give them a call instead of email...
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Old 02-03-2017, 09:38 PM   #6
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Originally Posted by _snowbird_ View Post
Pags993, how did you get insured there? They said they won't insure a car less than 25yrs old.
I have a couple of friends that insure their newer vehicles through Lant/Hagerty.
One is a 2008 Shelby GT-500, the other is a 2010 Camaro SS.
Both vehicles have the engines modified.
They went to Lant/Hagerty after their insurance companies dropped them because of the engine mods.
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Old 02-04-2017, 02:15 PM   #7
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State Farm (aka Dejardens) has no option to only keep fire and theft over the winter now either. These insurance companies are becoming less and less flexible. Bastards!!
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Old 02-04-2017, 02:32 PM   #8
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Many are pulling that as an option ^ they all claim its an expense that they cannot recover costs on. If you still have the option consider yourself lucky but they will all axe it soon enough.
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Old 02-04-2017, 03:12 PM   #9
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Interesting...I didn't consider this while hunting for an air-cooled car.
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Old 02-05-2017, 01:26 AM   #10
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Quote:
Originally Posted by Brian 162 View Post
I have a couple of friends that insure their newer vehicles through Lant/Hagerty.
One is a 2008 Shelby GT-500, the other is a 2010 Camaro SS.
Both vehicles have the engines modified.
They went to Lant/Hagerty after their insurance companies dropped them because of the engine mods.
The question was about Vintage. I'm currently with Hagerty.
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Old 02-05-2017, 01:39 AM   #11
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Quote:
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Many are pulling that as an option ^ they all claim its an expense that they cannot recover costs on. If you still have the option consider yourself lucky but they will all axe it soon enough.
A claim on a car with fire/theft coverage is an expense they can't recover? The probability of incurring a claim on a stored car is nearly zero - which is why it should be feasible and inexpensive to offer this type of coverage. But I guess like in other industries, if one does it, it opens the doors for the rest of the providers to do the same. Who doesn't like more revenues (aside from their Customers)?
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Old 02-05-2017, 09:52 AM   #12
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Quote:
Originally Posted by Imo000 View Post
State Farm (aka Dejardens) has no option to only keep fire and theft over the winter now either. These insurance companies are becoming less and less flexible. Bastards!!
This is interesting news. I'm with State Farm/Dejardens and both my Pcars are off the road with just fire and theft currently. This is something I've been expecting them to change though. If that's the case I may need to consider looking elsewhere as well. I'll see what they have to say when I return to full coverage in April.
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Old 02-05-2017, 11:26 AM   #13
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Did Hagerty drop winter fire/theft coverage on all their policies? As far as I know, mine still has that coverage, unless there was a single letter that came in the mail that I missed.
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Old 02-05-2017, 12:11 PM   #14
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They did ^ my renewal was Dec 16. Vintage did as well but the annual rate was much lower for the same coverage.
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Old 02-05-2017, 12:35 PM   #15
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Quote:
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Did Hagerty drop winter fire/theft coverage on all their policies? As far as I know, mine still has that coverage, unless there was a single letter that came in the mail that I missed.
My coverage with Hagerty still allows comp-only when stored during the winter. But my renewal was in Sept, so maybe they implemented the new policy after Sept 2016.
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