Why Hagerty Auto Insurance beats insuring a classic car vs. a regular auto insurance policy.

​Why Hagerty Auto Insurance beats insuring a classic car vs. a regular auto insurance policy.

Ask any classic car owner and they will tell you that their car is their baby! And they like to treat their car as such, handling it with kid gloves. Why not treat your baby the same way with your auto insurance coverage? Unless you use your classic car as an everyday use car, it makes no sense to insure it under a regular auto insurance company. Hagerty Classic Car Insurance offers much better coverage, and usually for less money than a regular auto insurance policy.


The qualifications are fairly simple:

• The vehicle must be at least 25 years old.  Although there are exceptions made for exotic models.

• Your classic vehicle can not be your everyday use vehicle.  You’ll need to show where you’re carrying regular auto insurance on your other vehicles, so that they know your classic vehicle isn’t being used except for car shows parades and special occasions.

• Drivers can’t have any recent serious violations on their driving record.

Types of Vehicles Accepted

Hagerty not only insures classic/antique cars, but also many other types of classic vehicles: trucks, motorcycles, boats, tractors, fire trucks and more.

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Reasons why Hagerty auto insurance is much better than insuring your classic car on a regular auto insurance policy:

• Better claims adjusters - The claims adjusters who work for Hagerty insurance specialize in repairing classic show cars.  If they understand what goes into having to repair a classic car vs. a regular vehicle.  Claims adjusters that were for regular auto insurance policies don’t have the same experience and dealing with special types of vehicles.

 

• More flexible about body shops - Hagerty Insurance understands that not just any body shop will do for repairing a classic vehicle.  Repair shops need to have expertise in repairing collector cars.

 

• Agreed value coverage – you know right away up front what the value of your vehicle is insured for.  This is not the case if you ensure your classic car on a regular auto insurance policy.  A regular auto insurance policy values a vehicle on actual cash value basis, which could lowball you’re in church coverage significantly.

 

• Zero deductible – Most regular auto insurance companies will go as low as a $250 deductible.  Some will even go as low as $100.  But haggard ease classic of auto insurance policy will allow you to select a zero deductible.  With the new zero deductible, you would have no out of pocket expense if you were to file a claim.

 

• One liability coverage charge for all insured vehicles – this only applies to those of you who own more than one classic/ collector car.  You can insure as many classic vehicles as you want on the classic auto insurance policy and still only have one charge for liability coverage.  With regular auto insurance, you would have to pay liability on every vehicle you have insured.

 

• Price difference vs. regular auto insurance – classic cars are rated differently on a classic auto insurance policy.  It cost quite a bit less to insure your classic car on a classic auto policy vs. a regular auto policy, due to the fact that you’re not using the vehicle all the time, like you are your every day cars.  When insuring a classic car on a regular auto insurance policy, they price you as if your driving your classic vehicle every day.  Thus the same amount of coverage costs more.

 

• Special coverage offers – Hagerty offers additional coverages at very low prices that are not offered on a regular auto insurance policy.  This includes things such as coverage for roadside assistance, and additional parts and accessories.  Hagerty has three packages to choose from.  It’s a good idea to look them over as you’ll probably find a package that is very well worth the price.

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Summary:


If your vehicle qualifies for classic car insurance, then insuring it with Hagerty Auto Insurance instead of a regular auto policy is a no-brainer! Like I mentioned above, coverage is better. Claims handling is better. And more often than not the price is comparable, if not lower.




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Related Blog Articles:

​Video: Why Classic Car Insurance beats regular car insurance

Video: Comparing Classic Car Insurance Cost & Coverage vs. a Regular Auto Policy

​Video: Basics of a Classic Car Insurance Policy

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