I say *New* because my Google search of this discussion shows dated information. A few thoughts about Hagerty and my new policy while I'm sitting in my hotel room on business in Birmingham.

1) I pulled an Agreed Upon Value out of me ****. I figured $7500 is probably in the area of what my truck may sell for. Rethinking this however should I get into a crash (I don't like the word accident) and need to file a claim I believe Hagerty's total loss is paid out when the damage exceeds 70% of the trucks value. This scares me. It would take very little in a professional restoration shop's repairs to get to that number. I don't want Hagerty taking my truck because of a crushed fender and a few crunches to the cab. I wonder if they would make a deal where they'd give me the 70% value and I keep the truck and do repairs myself. So I wonder what do you other stock Big Truck owners have their Agreed Upon Value set at?

2) Hagerty has an interesting "usage" policy. I CAN tow with my truck which counters posts I'm finding as late as 2014. If I want to pull my boat I may certainly do so as, "Hagerty insures boats and boating is considered a 'hobby' in line with classic vehicles." Well that's nice. So I asked Hagerty, "May I swing over to the other side of town and pick up a load of wood for the wood stove?" "No. That is considered usage more in line for a modern commercial vehicle." "May I stop at Home Depot and pick up boards for my woodworking hobby?" "Absolutely! (Said with gusto!) Again your truck is hauling in support of a hobby!" Huh? "Okay. May I put my 1954 Farmall on the bed when I go to a show?" "Definitely! Same idea as the boat. It supports the hobby!" (More gusto!)

Talk about a gray area. They recommend calling and asking about hauling certain items before I do so. Sheesh. Anyone have issues with filing a claim with Hagerty when hauling anything? PS - Connecticut does not have laws that prevent autos with classic vehicle plates to be used to haul/tow unless being paid to do so. Hagerty doesn't allow business usage either according to the Exceptions in the policy.

3) Hagerty has me rated for a 2500 mile per year usage. They encourage the vehicle to be driven. Not just parades. Not just shows. Drive the thing! While they don't want my truck to be a daily driver I'd have to really try to put on 2500 miles a year. So I'm curious, does Hagerty ask the mileage of the vehicle every year that the policy is renewed? Anyone ever have mileage hiccups while putting in a claim?

Your thoughts and opinions are greatly appreciated.

 

I'm a big State Farm fan, but it would have cost me somewhere between $50-$100 per trip if I had stayed with them for my f100. So, now I'm a Haggerty fan. The last I saw, buyback option of your totaled vehicle was part of their sales pitch. I hope to never file a claim with them, so I don't know how that experience would pan out. They've never asked for a mileage number from me which is good as I've yet to work the bugs out of my speedometer/odometer.

 

When I got my Haggerty ins I told them 10,000 miles to see the cost and so I would never have the mileage question come up. The agent said make it 2500 and save a lot of dollars and even if I go over that they do not ask for the mileage even in a claim! I asked him if he could repeat that while I recorded it. He said sure. I didn't bother as I think it will be hard to go over that limit each year. Have fun

 

I too am with Hagerty. It was the least painful option as my local insurance agents were demanding I get appraisals then they would talk about agreed value. I stumbled across Hagerty and talked with them, set what I thought was a fair market value for my truck, filled out an on line form and emailed them pictures and in just a few days had my policy. I also have their road side assistance. I had to use it once, and the service was excellent! Also with Hagerty they send you seasonal classic car magazine. So I am sold on them. I have never had a damage claim yet. Hopefully I won't have to test that part of the policy.

 

I have had Hagerty for around 20 years and on multiple vehicles. I have only made 1 claim for a stolen 1971 F100 but they paid full agreed value quickly with no issues. I would insure your pickup for what it would cost to replace, not what it would sell for. Those two numbers are probably far different.


In all the time I've had Hagerty, the only time they asked for mileage is when I originally insured each vehicle. My sense is that the 2,500 miles is simply a guideline to ensure you aren't using it as a daily driver. If you go over that in a particular year, it probably won't be a big deal.

 

I hope I am not out of line but what is the cost of your Hagerty policy for a $7,500-$10,000 agreed on value?

 

Mine for a $15,000 is $197 yr includes the better 60 mile towing. I'm sure it depends on where you live. Have fun

 

I've gotten similar confusing feedback from Hagerty (which I use). "No!" when asked if I can use it to run down to the hardware store. Yet I've read posts on other forums' threads to the effect that guys drive their Hagerty-insured vehicles to work almost every day, and when they had a claim, no problem?!?! Not clear if they lied, but from the nature of the accidents (at 7:30am near their work) Hagerty had to know they were commuting. How can you claim a vehicle stolen out of a WalMart lot happened while on a "pleasure trip"?? Yet they paid.

If you read their exclusions, it does say they cover "infrequent" other uses.

 

Reading the posts above, I see that Hagerty policies must vary from state to state. Mine in Phoenix allows just about any activity that doesn't involve regular commuting or using it for commercial or business purposes. I put a value of 20K on my '56 BBW, sent them a picture of the truck and of the bed, and agreed to keep it garaged at night. I estimated annual mileage at less than 2,500. OK'd by them over the internet that day. $210 a year plus $60 for road service up to 100 miles towing. Have never filed a claim, but they have been prompt when my battery died and when I ran out of gas (that's how I found out my gauge was flakey). Very happy with Hagerty.
Oh, it could not be my only vehicle.

 

Reading all the post I see everyone is worried about covering their trucks for damage/theft etc. What about property damage/liability etc?

 

I am with Hagerty and had a claim this year. Someone backed into my truck in a Friday's restaurant parking lot while we were in there eating. About $2800 damage. They sent an appraiser to look at the damage and take pictures. Settled for full amount, no questions and no deductible. They have never asked me for miles on truck. Haven't got my renewal yet so I don't know if my rate will go up. We'll see.

Paying $272 for $15,000 value plus $50 for towing.

 

Part of the coverage. I increased the state minimum. No deductible on collision.

 

Hagerty's application gives you the option to choose your liability amount coverage. IMO, this should be the most important part of the insurance package.

 

The policy was $140 plus a "mandatory" $30 for Hagerty Plus which was some towing gimmick. I think my insurance agency took me for a ride on that one. I have AAA. I don't need your fancy towing thank you!

All in all not bad for a $7500 agreed upon value. But I see many of you agree with me that the price should be replacement value and not what the truck would sell for.

I do wonder if in fact the insurance varies state by state. The gray area makes me uneasy. And the whole "don't use your classic truck to commute to work" thing always seemed bogus to me. If someone works three miles from home that's six miles a day, 30 miles a week and 1,560 miles a year. That's well under the 2500 miles. Oh the joys of insurance.

I have yet to see a response of what other stock big truck owners have listed as their agreed upon value. Any takers?

 

Insurance costs do vary greatly among states. I am paying double in FL what I was in TN, same coverage for my F4. FL is known for being a Litigious state. Still much cheaper than similar coverage on my modern vehicles.