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CJ63
Samba Member
Joined: July 15, 2020
Posts: 8
Location: Kansas
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 Posted: Wed Jul 15, 2020 9:41 am Post subject: ‘66 Beetle insurance |
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I bought a 66 VW Beetle which is show quality. It has been in car shows in the past. The dealer said it’s worth $18,000 blue book value. My insurance only allows $4,000 unless I only show it and use in parades. I may not do too many shows or parades. I’ll drive it but not an every day driver. Sounds like I have to take to shows and parades and not drive it much to get a higher insurance value.
I also have a 71 Super Beetle being restored and my insurance agent said there is no value listed. So I’ll have a beetle with market value of at least $8,000 and no insurance value even though I am paying full coverage. I guess that doesn’t make sense to me. Does it to anyone else? |
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SLO-N-LO-69
Samba Member
Joined: July 06, 2006
Posts: 646
Location: Central Florida
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| Posted: Wed Jul 15, 2020 9:48 am Post subject: Re: ‘66 Beetle insurance |
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| Are you using your normal car insurance company? I use Hagerty for my older cars. Much cheaper and more flexible so you might give them a call. |
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CJ63
Samba Member
Joined: July 15, 2020
Posts: 8
Location: Kansas
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| Posted: Wed Jul 15, 2020 10:02 am Post subject: Re: ‘66 Beetle insurance |
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| Thank you for the info. I’ll check them out. I use State Farm now. Only paying $174 every 6 months for each beetle for full coverage. But if they can’t give me a good insured value, it won’t want to continue with them. |
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cricketseed
Samba Member
Joined: August 10, 2015
Posts: 115
Location: North Carolina
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| Posted: Wed Jul 15, 2020 10:06 am Post subject: Re: ‘66 Beetle insurance |
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I also recommend Hagerty.
_________________
'66 Beetle |
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owdlvr
Samba Member
Joined: June 23, 2008
Posts: 686
Location: Squampton BC
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| Posted: Wed Jul 15, 2020 10:16 am Post subject: Re: ‘66 Beetle insurance |
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Uh, yeah. Hagerty.
Your current insurance company has no clue, or interest, in your classic cars.
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Instagram: @DaveHord
1971 1302s - Salzburg Tribute the #RallyBug
1958 Beetle
1975 Beetle
1973 Super Beetle
1993 C3500 with Cummins swap
1967 MGB
1963 MG Midget |
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74 Thing
Samba Member
Joined: September 02, 2004
Posts: 7630
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| Posted: Wed Jul 15, 2020 11:08 am Post subject: Re: ‘66 Beetle insurance |
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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! |
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Matt Wilson
Samba Member
Joined: November 14, 2005
Posts: 2425
Location: Colorado
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| Posted: Wed Jul 15, 2020 11:15 am Post subject: Re: ‘66 Beetle insurance |
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I also would recommend Hagerty. When I called them to add another classic, the rate didn't change, and it was handled under one policy. Just printed insurance cards and told them what amount I wanted for the coverage.
pretty easy
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1972 Standard Beetle
1969 Baja Beetle |
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andk5591
Samba Member
Joined: August 29, 2005
Posts: 16800
Location: State College, PA
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| Posted: Wed Jul 15, 2020 11:25 am Post subject: Re: ‘66 Beetle insurance |
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Hmmm...has this been asked before? yep. and the answer is tyically Hagerty..
_________________
D-Dubya Manx clone 1914. Ex wifes car.
Rosie 65 bug - My mostly stock daily driver.
Woodie 69 VW woodie (Hot VWs 7/12).
"John's car" 64 VW woodie - The first ever
Maxine 61 Cal-look bug - Ex-wifes car.
66 bug project - Real patina & Suby conversion
There's more, but not keeping them... |
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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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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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Cusser
Samba Member
Joined: October 02, 2006
Posts: 33019
Location: Hot Arizona
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[email protected]
Samba Member
Joined: May 17, 2003
Posts: 4874
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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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: 4874
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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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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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-
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-Why buy it when you can BUILD it?- |
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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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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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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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AirHead1966
Samba Member
Joined: October 17, 2019
Posts: 613
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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