Grundy Vs Hagerty: Which Is the Best Classic Car Insurance?

There are a lot of different options when it comes to insuring your classic car. Two of the most popular companies that specialize in this type of insurance are Grundy and Hagerty. So, which one is the best choice for you?

Grundy is affordable and has fewer restrictions regarding to who can apply for their policies. However, it’s important to note that Hagerty is more expensive but much better than Grundy in terms of restriction. In fact, you can take your classic car to work or even long trips, and additionally no mileage limitations with Hagerty.

About Grundy Insurance Company

Grundy Insurance Company has been insuring collectible automobiles since 1947. They are noted for insuring vehicles that are not available through standard automobile insurance companies.

The insurance company specializes in collector car insurance, agreed value insurance, antique auto insurance, classic car insurance, muscle car insurance, street rod insurance, and modified vehicle insurance.

It’s headquartered in Horsham, Pennsylvania, and maintains regional offices in Virginia Beach, Virginia; Nashville, Tennessee; Dallas, Texas; Los Angeles, California; Springfield, Missouri; and Atlanta, Georgia. Grundy underwrites its policies through Great American Insurance Company.

The company has an A++ and A+ ratings according to Philadelphia Insurance and Better Business Bureau (BBB) companies.

Additionally, the company has 4.5 stars on Trustpilot and has more than 900 Grundy classic car insurance reviews.

How Grundy Car Insurance Company Works?

Agreed Value:

As with any classic car insurance coverage, clients have to come up with an “agreed value” for your car. That’s what you estimate it’d be priced in its present state on the market. Be fair, but be sensible.

Grundy obviously won’t insure a rusty out ’56 Ferrari for $70,000, but they would be willing to take the details of your automobile into consideration.

Suppose you have got an original green 1977 Firebird Esprit with incredibly low mileage, in outstanding pristine condition with paintwork, logos, and upholstery that first appeared on The Rockford Files. In that case, it might even be valued at $30,000 or even $45,000 if the stars have aligned.

Grundy may accept to cover it in that amount, and they’ll issue a cheque for that worth if something occurred to it. Try to explain why your car is valued at $46,000 to GEICO after getting wrecked in an accident.

Garage Requirements

Some classic car insurance companies have become more flexible on the necessary garage policy, which is clearly noted in Grundy’s marketing materials. You must own a garage, which must be secured.

Even if they don’t, the vast majority of collectible car owners will likely have a garage. Some individuals may need to padlock the ancient barn to meet the requirement.

In areas that never snows and rarely rains, a large number of residents prefer a carport to a four-walled garage with a lockable door. If you are one of these individuals, you may wish to find insurance elsewhere.

Use Limitations

Grundy has fewer usage restrictions than the majority of vintage car insurers. As previously indicated, the mileage is Grundy’s greatest advantage. The additional usage restrictions are vague.

On its website, Grundy states, “It is even acceptable to periodically take your classic car to your place of work to flaunt it off to your coworkers.” However, the next clause states that you cannot use your vehicle as an everyday car.

It is a bit of a mystery how they decide whether or not you were using your car for daily commute while at the same time offering unlimited mileage remains a mystery to me.

Daily Driver Requirement

A daily driver is required to obtain a Grundy coverage. This is not an uncommon condition for collector car insurance policies.

What is distinctive, however, is also that Grundy insures a large number of vehicles that many of us consider to be everyday drivers.

Regardless, the company will ensure your vintage, RV, motorcycle, trailer, and everyday driver with its MVP program. It’s convenient to be able to pay for all your insurances with a single check.

Grundy Classic Car Insurance Rates

Grundy Vs Hagerty

About Hagerty Insurance Company

Hagerty Insurance Company is the world’s largest provider of insurance for classic cars, collector cars, and motorcycles. It was founded in 1984 and is headquartered in Traverse City, Michigan.

The company offers a wide range of insurance products, including liability, collision, and comprehensive coverage, as well as agreed value policies that pay out the full value of your vehicle in the event of a total loss.

It also offers a variety of other services to classic car owners, including roadside assistance, concierge claims service, global tracking, and valuations.

If you own a classic car or motorcycle, Hagerty is the place to go for insurance. The company has decades of experience insuring vehicles of all types, and their policies are designed specifically for classic car owners.

In addition to offering comprehensive coverage, Hagerty also offers agreed value policies that pay out the full value of your vehicle in the event of a total loss.

The company also offers a variety of other services to classic car owners, including roadside assistance, concierge claims service, global tracking, and valuations.

Hagerty has protected America’s most recognizable autos for over eight decades.

In addition to automobiles, trucks, and motorbikes, they also cover tractors and boats.

These are some of the services sold by Hagerty Insurance:

  • Collector and Classic Cars
  • Boats
  • Modified Cars
  • Retired Commercial Vehicles
  • Classic and Antique Tractors
  • High-value Vehicle Collection
  • Motorsports Vehicles
  • Collector Military Vehicles
  • International Vehicle Transport
  • Business Insurance
  • Vintage Camper Trailer

Hagerty Insurance Company Benefits

Hagerty insurance company benefits include a variety of advantages for policyholders. Perhaps most importantly, Hagerty offers some of the lowest rates in the industry. In addition, the company provides several other perks, such as:

-A wide range of coverage options: Hagerty offers everything from basic liability coverage to full coverage, making it easy to find a policy that fits your needs.

-Flexible payment options: You can choose to pay your premium in one lump sum or monthly installments, whichever is more convenient for you.

-A variety of discounts: Hagerty offers several different discounts, including a safe driver discount, a multi-car discount, and a good student discount.

-24/7 customer service: Hagerty’s customer service team is available 24 hours a day, 7 days a week to help you with any questions or concerns you may have.

-A variety of add-ons: You can customize your policy even further by adding on optional coverages, such as roadside assistance or rental car reimbursement.



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