Insurance weirdness.

[mdsalemi]

OK, so my Hagerty policy is up for renewal and it's time to shop around. The cost for the policy now on the Pagoda is now exceeding that of my daily driver, a Ford Maverick.

So I start shopping around for the usual gang of suspects. J.C. Taylor, ACI, etc. I discovered in quoting that some of them, including J.C. Taylor, will ONLY write insurance for "collision and comprehensive" which are not required by the State of NC, but normally options one chooses on any car. They won't write a policy here for the state mandated insurance, which is liability, etc.

That would mean that I'd need TWO separate policies, one for Collision and Comprehensive, and another for the state mandated liability. Have any of you heard of such a thing? Cannot wrap my head around this.

I'm going with Grundy because Hagerty has just gotten too expensive for a car driven so little. They write the complete policy, as does Hagerty, but they are considerably less costly.

I expected weirdness when I lived in Michigan because Michigan had a few bizarre insurance rules. One of them was the "all comers rule" which meant if you offered any insurance for anyone in the state, you must offer all your insurance products for everyone in the state. No redlining or cherry picking. The other is it was the only state that placed no limits on medical payments to others. But we don't have such rules here in NC...

[TJMart]

When I moved to NC 8 years ago I had JC Taylor and they told me then they would not insure in NC at all. I too shopped around and went with Grundy and have been very happy with them. Rates are reasonable and have gone up minimally since 2017. I understand that they will insure all your vehicles as well.

[Hamid Turbo]

I have been using PROGRESSIVE on my cars for a long time, they have good rates and have never had any problems.

[zoegrlh]

Michael, look at State Farm, they write a classic car policy with an agreed upon value. As long as it’s stored in a garage, but what Pagoda wouldn’t be.  Semi annual $160 with $100,000 agreed value. Which reminds me I need to call my agent to up the value again.

[zak]

Michael, may I ask what you were originally paying and what did Hagerty jack it up too and what was the agreed on value you set ?
I used JC Taylor ( originally because their Star Mag full page add ) and the premium for my 113 and 107 have stayed pretty constant from before covid.
thanks,

jz

[MikeSimon]

Michael, look at State Farm, they write a classic car policy with an agreed upon value. As long as it’s stored in a garage, but what Pagoda wouldn’t be.  Semi annual $160 with $100,000 agreed value. Which reminds me I need to call my agent to up the value again.

Second that! Have all my classics with State Farm. Little bit of an effort getting a good value estimate from aa acceptable authority, but for a Pagoda, that should not be a problem. They also accept documentation of current market values through sales and auction records.

[mdsalemi]

...with State Farm.

As I suspected, State Farm is several hundred $$$ more on my daily drivers than I'm paying now. Cannot get classic coverage quote just yet (need an agent to do the legwork, cannot be done online), but will check. Suspect that they'll be a bit higher than my current supplier on homeowners. Everyone loves to bundle everything. I cannot tell if State Farm is offering monthly, semi-annual or annual but they quote the premium by the month.

[zoegrlh]

I bundle my coverage, and think it does give me a lower rate.

[MikeSimon]

One thing we all know by now is, that it is impossible and useless to compare insurance rates of the same company in different States. Even in the same State, they vary sometimes significantly.