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iowegian 
Samba Curmudgeon
Joined: February 16, 2005
Posts: 9950
Location: Somewhere between Dubuque and Keokuk
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 Posted: Thu Aug 06, 2020 7:02 pm Post subject: Re: ‘66 Beetle insurance |
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| 60ragtop wrote: |
But what was "Jake" from State Farm wearing  |
"Ryan" from Hagerty was wearing a blue plaid sport shirt in the photo they sent me with a customer satisfaction survey. |
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iowegian
Samba Curmudgeon
Joined: February 16, 2005
Posts: 9950
Location: Somewhere between Dubuque and Keokuk
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| Posted: Wed Aug 05, 2020 2:10 pm Post subject: Re: ‘66 Beetle insurance |
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| Grego in Sac wrote: |
Great info but please, please double and triple check the terms and conditions that the different insurers classify classic insurance as in regards to the type of driving, when and what time you can drive the car and where the towing allows the car to be towed to.
There is a huge price and policy difference between what my State Farm insurance considers as a daily driver, occasional driver, weekend driver and classic insurance.
Make sure when price shopping that you are comparing apples to apples types of coverage as well as insurance categories. |
I totally agree.
In my case, the newer convertible is understood to be used only for occasional pleasure driving (in the range of 3,000 miles/year) and it will be kept in a locked storage unit. |
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Grego in Sac
Samba Member
Joined: November 25, 2019
Posts: 154
Location: Sac, CA
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| Posted: Wed Aug 05, 2020 8:39 am Post subject: Re: ‘66 Beetle insurance |
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Great info but please, please double and triple check the terms and conditions that the different insurers classify classic insurance as in regards to the type of driving, when and what time you can drive the car and where the towing allows the car to be towed to.
There is a huge price and policy difference between what my State Farm insurance considers as a daily driver, occasional driver, weekend driver and classic insurance.
Make sure when price shopping that you are comparing apples to apples types of coverage as well as insurance categories. |
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67 Florida Deluxe
Samba Purist
Joined: June 21, 2005
Posts: 7987
Location: Gainesville and Tampa, Florida
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| Posted: Tue Aug 04, 2020 5:56 pm Post subject: Re: ‘66 Beetle insurance |
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| AirHead1966 wrote: |
| FWIW, my State Farm policy covers my classic cars/bikes for the declared value with better medical, uninsured motorist and property damage coverage than Hagerty, for the same amount of money. YMMV. |
"Declared" value sounds a lot like "Stated Value." That means the carrier pays whatever their reference values state - usually FAR below market value. Large carriers very well may insure your car, but not the same way a specialty carrier like Hagerty, Grundy, or American Collectors does. You may be VERY disappointed in case of a total loss. Read your policy carefully.
By contrast, Agreed Value means that the value that the customer wants to insure the car for will be the amount of the check the carrier writes in a total loss (minus any deductible.) Big difference 
_________________
-Kent (BaT "daleallen")
OG member of the '67 Posse
A few of my toys, past and present
'56 Oval, '66 KG Conv't, '67 21-Window, '67 Bug, '79 SuperVert, '55 Pre-A Continental |
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67 Florida Deluxe
Samba Purist
Joined: June 21, 2005
Posts: 7987
Location: Gainesville and Tampa, Florida
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| Posted: Tue Aug 04, 2020 5:43 pm Post subject: Re: ‘66 Beetle insurance |
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| iowegian wrote: |
Hagerty for me too.
'66 Beetle. $15,000 Guaranteed Value (I should increase it). |
You should. Collector car insurance agreed values consider not only the value of the vehicle itself, but also the cost of finding an suitable comparable replacement, plus the cost of transportation.
_________________
-Kent (BaT "daleallen")
OG member of the '67 Posse
A few of my toys, past and present
'56 Oval, '66 KG Conv't, '67 21-Window, '67 Bug, '79 SuperVert, '55 Pre-A Continental |
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60ragtop
Bonneville Belt Bitch
Joined: March 13, 2006
Posts: 7801
Location: Big Wonderful WYO 82401
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| Posted: Tue Aug 04, 2020 5:41 pm Post subject: Re: ‘66 Beetle insurance |
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But what was "Jake" from State Farm wearing
_________________
Rick
Certified Mechanic by the State of Michigan in 1977
ASA certified in 1987
Certified Hunter Wheel Alignment Master Technician 1986
| tasb wrote: |
I've restored a large number too, but I don't toot my horn quite as loud.
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| sb001 wrote: |
| maybe he just snapped cause his car sucked |
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iowegian
Samba Curmudgeon
Joined: February 16, 2005
Posts: 9950
Location: Somewhere between Dubuque and Keokuk
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| Posted: Tue Aug 04, 2020 5:38 pm Post subject: Re: ‘66 Beetle insurance |
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UPDATE:
I just got a pleasant surprise. Typically, collector insurance is for cars at least 25 years old, but on a whim, I checked Hagerty for our 2008 VW EOS. Lo and behold, they consider it to be collectible because of Turbo and low mileage/ limited sunny-day use. They added the EOS to my '66 Beetle policy. (while I was at it, we increased the Beetle to $20,000 agreed value), $8,000 value on the EOS. Zero deductible collision and comp on both cars. Total premium= $396/year.
Jake from State Farm wants twice that for the EOS alone. |
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iowegian
Samba Curmudgeon
Joined: February 16, 2005
Posts: 9950
Location: Somewhere between Dubuque and Keokuk
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| Posted: Fri Jul 17, 2020 10:50 am Post subject: Re: ‘66 Beetle insurance |
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Hagerty for me too.
'66 Beetle. $15,000 Guaranteed Value (I should increase it). 300k liability. Zero deductible collision and comp.
150 dollars per year. |
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AirHead1966
Samba Member
Joined: October 17, 2019
Posts: 614
Location: Triad Area NC
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| Posted: Fri Jul 17, 2020 10:25 am Post subject: Re: ‘66 Beetle insurance |
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| FWIW, my State Farm policy covers my classic cars/bikes for the declared value with better medical, uninsured motorist and property damage coverage than Hagerty, for the same amount of money. YMMV. |
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aa390392
Samba Member
Joined: March 28, 2007
Posts: 3601
Location: So.Cal
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| Posted: Fri Jul 17, 2020 8:27 am Post subject: Re: ‘66 Beetle insurance |
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All good information, thank you all for sharing valuable useful info.
_________________
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getting grumpy & less tolerant!
55 ragtop
56 delux sedan
56 Kabriolet |
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motomwo
Samba Member
Joined: February 10, 2017
Posts: 274
Location: Oregon
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| Posted: Fri Jul 17, 2020 8:12 am Post subject: Re: ‘66 Beetle insurance |
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American Collectors are also quite good but just not advertised so not as well known. I got a price quote from Hagerty for my 61 bug and 77 MG Midget and American Collectors was much cheaper for the same coverage.
_________________
1961 Bug, 2276 cb wedge ports 44x37 11.1 comp fk10 1.5 rockers 48idf's 1 3/4" header Rancho pro street trans SAW axles Airkewld 4# narrowed beam, Koni shocks, Airkewld dis brake all around. 5.5/4.5 BRMs
1966 Bug, 2127, panchito heads, fk8, 1.3 rockers, dual 44idfs, 1 5/8 merge header, Rancho pro strt flyer, empi axles, Airkewld's 4" beam and discs all around and adjustable shocks. 4.5 & 5.5 BRMs |
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CJ63
Samba Member
Joined: July 15, 2020
Posts: 8
Location: Kansas
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| Posted: Thu Jul 16, 2020 6:47 am Post subject: Re: ‘66 Beetle insurance |
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| Thank you all for your replies. I’ll talk to Hagarty today. |
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nbuscemi
Samba Member
Joined: May 30, 2009
Posts: 733
Location: Fort Worth, Texas
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| Posted: Thu Jul 16, 2020 6:34 am Post subject: Re: ‘66 Beetle insurance |
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I have Hagerty on my 68 Turbo Bug. Only pay $200 / year with unlimited towing, which I've already used once. All of my peers with classic cars also use Hagerty. I couldn't recommend them enough!
-Nick-
_________________
-Why buy it when you can BUILD it?- |
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brando90gl
Samba Member
Joined: July 31, 2007
Posts: 411
Location: Marion,NC
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| Posted: Thu Jul 16, 2020 5:51 am Post subject: Re: ‘66 Beetle insurance |
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I just switched from Progressive with only liability to Hagerty with comprehensive coverage and an agreed upon value for my ‘67 that totally covers me in the event of a total loss or theft to find a comparable car at above market price to replace mine. Very, very surprised at the price difference! Half of what I was paying Progressive with only liability.
_________________
67 Type 1
68 Campmobile
70 Single Cab |
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[email protected]
Samba Member
Joined: May 17, 2003
Posts: 4876
Location: Harmony, PA
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| Posted: Thu Jul 16, 2020 5:35 am Post subject: Re: ‘66 Beetle insurance |
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| CJ63 wrote: |
| I checked Hagarty on Yelp.com and there are a lot of bad reviews from people who have made a claim. Maybe those people didn’t understand the policy? Is American Collectors Insurance good? Seems they have better reviews. Looks like a lot of members here have Hagarty though. |
Unfortunately there are those that can break a crow bar in a sand box, so hearing both sides of the story of the bad reviews would be interesting. From a repair shop point of view, Hagerty, and Grundy were among the few that simply said fix it, and send us the bill. Hagerty is a little more strict when it comes to storing your vehicle when not in use, and intended use. I don’t have any first hand experience with American Collectors. The main thing is to get an agreed value with a collectible type insurance. Mainstream companies will never pay the hourly repair rate of a shop willing to do a high end classic repair, undervalue your vehicle for the payout, only to then make money off the salvage auction sale for parts.
Also look into what happens to your vehicle if it gets totaled. Mainstream insurance in PA takes your vehicle, and if you want it back, you have to have the winning bid at the salvage auction. Most collector vehicle insurance companies can write up a policy clause that allows you to “buy back” your totaled vehicle for 10%-20% of the totaled amount. This needs to be brought up at the creation of the policy. |
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CJ63
Samba Member
Joined: July 15, 2020
Posts: 8
Location: Kansas
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| Posted: Wed Jul 15, 2020 7:41 pm Post subject: Re: ‘66 Beetle insurance |
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| I checked Hagarty on Yelp.com and there are a lot of bad reviews from people who have made a claim. Maybe those people didn’t understand the policy? Is American Collectors Insurance good? Seems they have better reviews. Looks like a lot of members here have Hagarty though. |
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[email protected]
Samba Member
Joined: May 17, 2003
Posts: 4876
Location: Harmony, PA
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| Posted: Wed Jul 15, 2020 1:56 pm Post subject: Re: ‘66 Beetle insurance |
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| owdlvr wrote: |
| Your current insurance company has no clue, or interest, in your classic cars. |
| 74 Thing wrote: |
Change your insurance quickly for your VWs
Grundy, Hagarty
Look up the values using NADA and using documentation and receipts or get an appraisal if necessary.
Do not underinsure! |
Also make sure you are using an AGREED value, not stated. This is the amount that you WILL receive in a total loss. If you can get the provider to agree to a higher amount, within reason, do not under insure your vehicles. |
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Cusser
Samba Member
Joined: October 02, 2006
Posts: 33144
Location: Hot Arizona
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grandpa red
Samba Member
Joined: November 23, 2018
Posts: 520
Location: Hollister,Ca.
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| Posted: Wed Jul 15, 2020 12:53 pm Post subject: Re: ‘66 Beetle insurance |
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I have mine with Hagerty for the declared value I stated.
The higher the value the higher the premium.
_________________
'72 Beetle |
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Lingwendil
Samba Member
Joined: February 25, 2009
Posts: 3999
Location: Antioch, California, a block from the hood
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