My resolution to this issue:

1) Infinity requires a broker - they don't sell direct. Last thing I want is another insurance broker on the payroll. Pass.

2) Grundy has an iffy reputation. Pass.

3) American Collector requires you to agree that you are not able to drive to a destination. Car shows and pleasure driving w/o a destination only. In other words, if they found out I was driving the car on the way home from Barnes and Noble, they'd have an out and possibly deny the claim. Pass.

4) My "normal" insurance co. (Travelers) don't offer an "Agreed Policy".

5) I ended up jamming my limits to the max and sticking with Hagerty. $530 a year for an agreed value of $25,000. Seems like a lot for a car I don't drive often, but I since I haven't skimped a penny anywhere else on the car, why skimp on the insurance.

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- Brian


1989 500SEL Euro
1966 250SE Cabriolet
1958 BMW Isetta 600

You might ask Hagerty how old the car has to be to fall out of their "exotic" class, if that is how they rate your SL now. When I had my 560SL with them it was "exotic" and I thought they said that model needed to be 25 years old to go into the "classic" class which lowers the premiums quite a bit. So, maybe next year when your car turn 25 you will get a break. Also, ask them if adding another car would save some $$ (I know it is counterintuitive, but as I said in one of my other posts I just added a second car which only cost $23 a year because they stopped charging a "single car surcharge" for car #1. Then you can justify buying another oldie

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Marty D.

2013 C300 4Matic
1984 BMW 733i
2013 Lincoln MKz

The only thing Hagerty said that was relevant to the rate was that the 80s cars have a higher than normal "payout" rate - hence the higher premium. Next year when the car turns 25, I'm most certainly point that out. No justification needed for another oldy, problem is where to put it. I need a six-car garage - maybe in a few years.

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- Brian


1989 500SEL Euro
1966 250SE Cabriolet
1958 BMW Isetta 600

That last comment was sort of tounge in cheek, but yeah, ask them if the rates can be lowered next year. They will never volunteer to lower it though, you have to be pro-active. They admitted as much to me when I asked about it.

I'm certain if you look at the endorsement it will show your car under rate code "E" for exotic. If they rated it a "C" for classic the rates would be 25% of what they are for exotic.

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Marty D.

2013 C300 4Matic
1984 BMW 733i
2013 Lincoln MKz