I have American Modern for my 68 Z28, (Modified) and my 33 Chevy Coupe (also Modified)

I had to send pictures, I believe they did put modified in their description, and I told them what I wanted them to be insured for. That was it. Gave me an amount.

 

Im with them too.You can set your agreed upon amount once you list it as modified.

 

I have Hagerty. I had to send them pictures of my cars (86 Buick GN, 68 Vette convertible and 78 Z/28. I told them I race the GN and Camaro. I had to send them pictures of the trunk of the Camaro to show that I don't run NO2. Agreed value on each. I am not covered from the burnout box to the turnoff. Other than than that I am covered all year, no mileage restrictions.

 

There is a very big difference between “stated value” and “agreed value”

 

I have State Farm. All they wanted was some pics of the car & what I thought it was worth. The interesting thing I heard was that some specialty insurance companies won't insure a car if it has a roll bar or cage. State Farm didn't care. It was cheaper than quite a few others so I went with them........

 

Be VERY sure what they will pay in the event of total loss. State farm pulls some shady shit

 

American Modern on my truck. No issues. Asked what I did with it. Was honest told them I want it insured for going to a few car shows and a few cruises. They didn't care about racing but just said it's not covered once on the track but said anything else no problem.

 

Haggerty wouldnt insure mine because i told them it had 730hp. Then i told them it only had 650hp at the wheels, so they insured me. The next year they raised it by 1/3. I got Grundy, no questions asked and 1/2 the price

 

Hagerty asked me minimum questions and wanted a couple of pictures. That’s it.

Dennis

 

I had a 90 Fox body coupe 5.0 insured with Grundy. I had quite a bit of money (and my time) in the car. They just wanted pictures and an estimated value, which they accepted. I also had a brand new motor on an engine run stand ready to go in the coupe. I was planning on calling Grundy right after I installed the new motor to increase the value (I had $9K in the new motor). Then my house burnt to the ground in November 2022. The fire completely destroyed the car, the new motor, and of course all of my tools and spare parts. And the fire almost killed me. (7 days in the ICU).

I put in a claim with Grundy. They took their sweet time sending me a check, over a month. But they did cover the estimated value. Of course, they did not cover the new engine on the run stand, but my homeowners insurance was very generous. What was weird, about two months after the fire, Grundy contacted me wanting to know the name of my homeowners insurance company. Grundy wanted to be reimbursed by them for the full amount. Not sure how that worked out.

John

 

Hagerty Agreed Value on my roadster... I used a 2.3 Ford Turbocoupe engine , all stock ,factory 165 HP.. They saw the turbo and said since it was "Supercharged " , I would have to be classified as Modified ... Naturally there was an increased rate..Go figure

 

Very cool car and combination. Hilarious they charged more for something a Kia telluride would drive away from.

 

^Cool Car^!!

 

Agreed Value. Agreed Value. Agreed Value. Amazing after all these years people still don’t understand. What really kills me is people brag about their high valuations…”Haggarty agreed my car is worth $100,000 so I’m with them”. And they have a $50,000 car. Stupidity, unless you are planning insurance fraud or wreck everything you own.

 

I understand now the difference between agreed and declared.

 

On the Jay Leno show he had a totally stock and original 67 GTO, 400 Auto, he raced it agaist a Nissan Altima, the Altima ran away from the GTO.

 

I have my Duramax swapped suburban insured for agreed value with progressive. No limitations in towing or anything but its not cheap unfortunately.

 

Check Out J.C Taylor. They were very easy to deal with, only wanted a brief description and one pic, you set the value. I had them for a few years before something happened and for whatever reason they don't insure in NC anymore. Luckily my next door neighbor is a Farm Bureau agent and was able to switch to him with no fuss.

 

Oh damn under a ton?!

 

So how much are you paying , for lets say .......... 30,000 value

 

With American Modern, I pay less than $400 per year for both of my cars, ones valued at 40k, the other valued at 30k. Full coverage, collision, comprehensive (fire, theft, vandalism, etc) and with 300k liability. That also includes $200 worth of towing or road service expenses. That's not $400 each, but both together.

 

I know someone that pays $250 a month for $100,000 I believe is what he told me

 

Anyone here using Laris? They cover on track accidents, but wanted to see how they handle off track as well.

 

Hagarty seems to always be right around $10 per $1000, per year for me. I currently have $110,000 on two cars and i pay about $1100 in premiums. I rip off that there is now multiple car discount but that’s the norm for auto insurance.

 

Laris told me they only cover bracket racing with the on track coverage. Anything heads up or even index racing isn’t covered.

 

I got a quote for $518 annually for $75,000 in agreed value from Grundy. As soon at they cash the check, I'll cancel this regular liability coverage I have/had with Allstate

 

Got all the receipts together to justify the coverage I requested, and once I provided that, they approved it my policy.

So now I've got 75k in agreed value and I'm paying a little over $500 annually for that. More than fair if you ask me!

 

It really depends on the insurance company and your policy specifics. Some insurers might ask for detailed information like engine size, modifications, and usage plans to assess risk accurately. Others may simplify the process, focusing more on the declared value for premium calculation. It's best to clarify with your insurer to ensure you have the right coverage. Navigating car insurance can be a hassle, but my experience with MoneyRepublic made it a breeze. Checking services was incredibly quick, and comparing private health insurance quotes was straightforward.

 

Yup I'm at 70k for 480 annual