Hagerty Insurance - New rules, Not What it Was.

[TMC29L]

I have been with Hagerty for around 15 years with several classics, including the E Type, on the policy.

I paid around £470 last year for the E, a TR4a, a MK II 3.8 and an X300. I sold the Mk II (value 35k) and the TR4a (30k value) and bought a 1948 Allard L Type (value around 35k), so now one less car and lower overall value insured.

This year's renewal came in at £950!

The explanation for this is that a collector's discount, which I had always had previously, no longer applies, as you have to have 6 cars or more and/or over £250k total value to qualify. This is a recent shift in policy apparently. In addition, I have noticed that they do not reply to emails and it now takes them an age to answer the phone and you end up on a ringback system. It wasn't like that in the past. Standards slipping and they no longer want lower value business? I did read somewhere that they have been making losses in the US so maybe that's why.

They eventually got the renewal down to £655 but Peter James has quoted just under £530.

[RICHOT]

I to have been with Hagerty for many years, insuring my 3 classics ( agreed value in excess of £250,000). And the renewal premium this April shot up to a tad under £1,000!!
Eventually went with ClassicLine and saved £400! And they respond almost immediately and politely to e-mails and phone calls.
This was with an increased mileage allowance. Apparently, it’s not a group policy, the cars are insured individually.

Hagerty emailed me to ask why I wasn’t renewing, so I replied saying I had got a better quote - they never bothered to get back to me. It’s a shame as in the past I had found them very easy to deal with and to talk to.
I understand that they are now American owned, whether that’s got anything to do with their current service?

It’s obviously worth shopping around.

Richard

[DWW]

"I understand that they are now American owned, whether that’s got anything to do with their current service?"

That has got everything to do with it!

[Fuel.inj]

I’ve been with Hagerty Insurance for all my classic motorcycles for a number of years and always found them easy to deal with. I’ve just received the renewal which has only increased by £3.00 from last year. I still shop around before I’ll commit though. My cars are insured with Peter James.

[madjack4]

I've been insured with hagerty for my etype and 7 classic bikes for past 6 years always been very good to deal with, this years renewal went up £200.00 i rang round got a quote more or less same as last year . Hagerty matched it but i noticed the service from hagerty seems to have gone down the pan

[kevh]

I recently received a renewal quote from Hagerty but I always shop around and using the exact same details I found a quote 25% cheaper with………….. you guessed it………….Hagerty!
Good to know that they look after their existing customers