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Discussion Starter · #1 · (Edited)
Just want to mention to consider Hagerty Insurance when you are finally sorting out the paperwork before getting the GRC on the road.

They are considered "specialty cars" insurance, so only classic or certain modern enthusiast cars can be insured through them.

For Canada at least, they do offer insurance to GR Supra and GR 86 and that's all the 2022 Toyotas they'll cover. So you can't move your family Camry under them. I would assume GRC will be insurable by them as well, once the data becomes available.

I'm not sponsored by them, rather just a happy customer with a policy with them at the moment. ('89 MR2, Supercharged. A rather high valuation coverage, with a low yearly premium.)

I never made a claim so I can't speak to that, but in general their staff is nice and process was simple. They also have some sort of guaranteed flatbed towing service, should I ever need my MR2 towed.

Worth doing a quote with them later on, and compare it with your daily insurer.
 

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Don't these specialty insurance require ownership of multiple cars, as these agreed value insurance companies don't allow you to use them as daily drivers. They don't allow you to use it for going to getting groceries, going on errands, etc. When I last checked, they also required the car to be garage kept. Overall, pretty restrictive on how you can use your car, but really cheap insurance if you can follow their rules.
 

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Discussion Starter · #3 · (Edited)
Don't these specialty insurance require ownership of multiple cars, as these agreed value insurance companies don't allow you to use them as daily drivers. They don't allow you to use it for going to getting groceries, going on errands, etc. When I last checked, they also required the car to be garage kept. Overall, pretty restrictive on how you can use your car, but really cheap insurance if you can follow their rules.
I'm not aware of these restrictions, but I've also never tried inquiring / optioning about it.

Maybe not for daily driving, single vehicle in a household .... I'm really not sure.
 

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Don't these specialty insurance require ownership of multiple cars, as these agreed value insurance companies don't allow you to use them as daily drivers. They don't allow you to use it for going to getting groceries, going on errands, etc. When I last checked, they also required the car to be garage kept. Overall, pretty restrictive on how you can use your car, but really cheap insurance if you can follow their rules.
Checked through them and its more expensive than my Geico plan with limited mileage. I was denied last time but things that may have changed the denial are mileage change (I basically have to change my oil based on time vs mileage at this point), and I said I Autocross the car when I haven’t gone in years. Still gonna stick with Geico but its a nice option to have.
 

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Checked through them and its more expensive than my Geico plan with limited mileage. I was denied last time but things that may have changed the denial are mileage change (I basically have to change my oil based on time vs mileage at this point), and I said I Autocross the car when I haven’t gone in years. Still gonna stick with Geico but its a nice option to have.
Well it's agreed value insurances. You set the value you want to be paid when the car is totalled. $30k car that's sentimental to you, so it's worth at least $60k to you. Short of some things they would have to check out, you would just pay the premium to insure for $60k.

Geico will pay you what it's worth. If it's worth MSRP or $5k over, or $10k under MSRP, that's what you'll be paid.
 

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When I used their online quote thing it had no issues with my car being parked in the driveway and I could put whatever estimated yearly mileage I wanted. I need to check my previous insurance to see what the portion they can do will cost but it'd be nice to have my car insured for its proper value and not the $500 it is on paper.
 

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When I used their online quote thing it had no issues with my car being parked in the driveway and I could put whatever estimated yearly mileage I wanted. I need to check my previous insurance to see what the portion they can do will cost but it'd be nice to have my car insured for its proper value and not the $500 it is on paper.
It's been a few years, it may or may not have been hagerty when I checked, but if that's not a requirement anymore, then that's great news. I didn't have a garage at the time so I didn't qualify. Plus the not taking car on errands was kind of a deal killer for me. I took my car everywhere I could, whenever I could.
 

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I have a vehicle insured with Philadelphia Insurance, which is similar to Hagerty. They do collectors and classic car insurance plans. They also have an Agreed Value pricing.

For example, I valued my car at $80k, they charge me an annual fee of $1000.
Restrictions, it can only be driven 5000 miles a year (they don't verify), the vehicle should only be driven for special occasions (ie. car shows, events, etc), must be in a locked garage, and I must have a late model daily. They have to understand that you won't be using their insured vehicle as your daily.

The only thing they verified was that I provide photos of the car when I first got it insured and anytime I increased the value.

I filed a claim for a new windshield. They sent an adjuster out, who relied on me to tell them where to source and how much a windshield would cost. They then sent me a check to cover the cost.

Have I driven the car to a local mcdonalds? Yes.
Have I driven the car for a WalMart run? Yes.
Have I driven the car more than 5000 miles? Eh...


Basically, if you're living in an apartment and dont have covered parking, or this is your only vehicle, it makes no sense to use Hagerty or any of those specialty type of insurance companies.
 

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I have a vehicle insured with Philadelphia Insurance, which is similar to Hagerty. They do collectors and classic car insurance plans. They also have an Agreed Value pricing.

For example, I valued my car at $80k, they charge me an annual fee of $1000.
Restrictions, it can only be driven 5000 miles a year (they don't verify), the vehicle should only be driven for special occasions (ie. car shows, events, etc), must be in a locked garage, and I must have a late model daily. They have to understand that you won't be using their insured vehicle as your daily.

The only thing they verified was that I provide photos of the car when I first got it insured and anytime I increased the value.

I filed a claim for a new windshield. They sent an adjuster out, who relied on me to tell them where to source and how much a windshield would cost. They then sent me a check to cover the cost.

Have I driven the car to a local mcdonalds? Yes.
Have I driven the car for a WalMart run? Yes.
Have I driven the car more than 5000 miles? Eh...


Basically, if you're living in an apartment and dont have covered parking, or this is your only vehicle, it makes no sense to use Hagerty or any of those specialty type of insurance companies.
My understanding is from my limited research into it is they have no way to truly verify things maybe beyond confirming your house has a garage or not for your car. That means if you go to McDonald's, they won't know. However, if you get into a car crash on such and such date, with absolutely no kind of car shows/event to warrant use of the car, they have grounds and evidence to deny your claim. That's the kind of risk you run for using the car outside of the allowed usage. Until then, they're not stupid enough to not take your money.
 

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My understanding is from my limited research into it is they have no way to truly verify things maybe beyond confirming your house has a garage or not for your car.
When you first set up the insurance, they ask for photos of the car in the garage.
Do they know for certain it's your garage? No.
Can they google the address the car is registered and see if it has a garage or not? Yes.
So, for those people who treat their garages as a warehouse for boxes and junk, instead of vehicles, the only time they might get outed if google street view snaps a photo of their car parked outside.


However, if you get into a car crash on such and such date, with absolutely no kind of car shows/event to warrant use of the car, they have grounds and evidence to deny your claim.
While this is true... if you get into an accident while on the way to, say get serviced, then you are covered. ;)
Also, I've taken my car to parking lot car meets that happen at all kinds of times and days. Pretty easy to find a "flyer" for said car meet to show where you intended to go or were coming back from.
 
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When you first set up the insurance, they ask for photos of the car in the garage.
Do they know for certain it's your garage? No.
Can they google the address the car is registered and see if it has a garage or not? Yes.
So, for those people who treat their garages as a warehouse for boxes and junk, instead of vehicles, the only time they might get outed if google street view snaps a photo of their car parked outside.



While this is true... if you get into an accident while on the way to, say get serviced, then you are covered. ;)
Also, I've taken my car to parking lot car meets that happen at all kinds of times and days. Pretty easy to find a "flyer" for said car meet to show where you intended to go or were coming back from.
Hah. Yea, if you can make it work for you, more power to you. Like I said, it's ridiculously cheap compared to normal insurance.

Also looked at the website again and they've definitely loosened the restrictions. Use to be garage requirement, now it says carport/driveway can possibly be accepted, which I did have for my previous car. Also says occasional drive to work qualifies as proper usage also. I might go this route also, thanks bud
 

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When I tried to add a 1985 T-Bird to my USAA policy, they wanted $900 a year and that was for liability only. I purchased from Hagerty for $275 a year and that was full coverage, towing, free magazine and higher liability limits.
 

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Don't these specialty insurance require ownership of multiple cars, as these agreed value insurance companies don't allow you to use them as daily drivers. They don't allow you to use it for going to getting groceries, going on errands, etc. When I last checked, they also required the car to be garage kept. Overall, pretty restrictive on how you can use your car, but really cheap insurance if you can follow their rules.
That is correct. In order to get a Hagerty insurance policy for any car, you have to prove that you have other cars (or car) insured with another conventional carrier. If the GRC is going to be your only vehicle, you will not be able to insure it with Hagerty.

When you first set up the insurance, they ask for photos of the car in the garage.
Do they know for certain it's your garage? No.
Can they google the address the car is registered and see if it has a garage or not? Yes.
So, for those people who treat their garages as a warehouse for boxes and junk, instead of vehicles, the only time they might get outed if google street view snaps a photo of their car parked outside.
I have two cars insured currently with Hagerty, and they are both garage kept. However, I was never asked to provide proof (maybe they google searched me, I dunno). If you're able to insure with Hagerty, I recommend it. It is a SUBSTANTIAL savings over a conventional policy. My "regular" insurance company wanted $1500 (on top of the $1200 I already pay for my VW GTI) to insure my C63 AMG. With Hagerty, for a $35,0000 value policy, it's less than $600/year. (that's for $0 deductible). When I added my MR2 Spyder to the same policy, it was $45/year. Hagerty is the way to go.
 
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