Insurance

[mopho]

So what are you guys doing for insurance? I had been using Hagerty for 6 years but they keep raising my rates and it is now insane, they want over $900/yr to insure the 7, and I have a perfect driving record, over 40, and only put about 3-4k miles a year on the car WTF?!


I have a call into Farmers who insures my other cars, but open to suggestions

[Jim F.]

I agree with you, Morgan. I've been w/Hagerty for 9 years now up for renewal in June. I've dropped my declared value to a point where I won't go any lower in case of a total loss. I'll be starting to shop around in the near future, so I'll post what I'll find out if Hagerty can be topped by another underwriter.

[super7guy]

Insurance for 7

I have auto insurance with AAA. They cover the 7, the motorhome and daily drivers. The coverage of the 7 is the main reason that I stay with them.

[slomove]

Yes, I was shocked about the latest bill. I started out with $480 for liability plus cc. This year I paid almost $800 The agreed-on value increased over the years but is still not that high, I believe $28k. I did notice that Hagerty as a broker changed the underwriting insurance almost every year.

Let me know if you find something more reasonable. When I got the car I tried AAA where we have all other insurance but back then they only wanted to do liability. They had a partner company for collector car insurance but these folks did not know what to value a Replica. An original Lotus Seven would have been possible.

[escondidoron]

I have Farmers. Agreed value on each of the Lotus, about $20k each. I think the premium is about $200.00 for each car. Not sure and I'm on travel at the moment so I can't check on the exact amount. but I can when I get home for the weekend.

[moosetestbestanden]

So what are you guys doing for insurance? I had been using Hagerty for 6 years but they keep raising my rates and it is now insane, they want over $900/yr to insure the 7, and I have a perfect driving record, over 40, and only put about 3-4k miles a year on the car WTF?!


I have a call into Farmers who insures my other cars, but open to suggestions

I'm so totally pissed off at Hagerty. They've done *exactly* the same to me. I'm calling my broker - Hagerty can go f themselves.

[randychase]

I have also used Classic Auto Insurance Agency as well as Hagerty

[Lucky Dawg]

My car hasn't even been built yet and my State Farm agent has my policy ready to go. She called the underwriter and had it taken care of in less than a day. The price is about the same as my Corvette was.

[mopho]

Update: My State Farm agent first came back with a decent price but then when they called the underwriter to get some answers to my questions they were told that SF won't insure the car. My agent is currently looking for other options

[Doug Liedblad]

My car is insured by State Farm since the the day I bought it.

[mopho]

Do you have declared value insurance on it?

[Doug Liedblad]

I believe I do.

[slomove]

A LONG time ago the folks on USA7s were looking at a group insurance buy for Se7ens. That did no go anywhere as far as I know.

Maybe we should check again if somebody has insurance connections that could get us a better deal.

[escondidoron]

I just pulled out the statement from Farmers for my fleet (7 cars in total). The coverage for the Seven is $71.90 per 6 months + a $0.90 transaction fee to bring the total premium to an even $72.00 per 6 months. Full coverage, $20k agreed value, no towing (we use AAA for that). $1,000.00 deductable for accident damage and $750.00 deductable for comprehensive.

[Mondo]

My Hagerty bill last November was $646 for $30,000 (probably should lower that). State Farm got me a daily driver rate, thru a 3rd party, for $110 a month when I first bought the car (thought it was too much for the little I was driving it).