- Joined
- Feb 23, 2011
- Messages
- 514
- Reaction score
- 2
- Location
- Santee, SC
- My Car
- 72 Mach I Q code
61 Impala
67 Chevelle
78 Bradley GT II
I entered the info for my '71 Grande M-code and the car was not listed. Also the VIN locator did not produce a result. I understand Hagerty insurance is inexpensive but they put a lot of restrictions on what you can do with your car.They also don't have all the models listed yet for the various years. For instance, my 1971 Mach 1 351C-2V Ram Air is not listed. I didn't want to start the quote process, so I didn't bother to input the information of my car (yet - maybe when it's actually more like a car, and less like a project someday).
As well, their VIN decoder seems wrong to me. My VIN starts off with 1F05H, and they showed something other than '05' for 'Mach 1.'
I have State Farm which covers both my 72 Mustangs for about $225 a year.Wow...I use Hagerty, Please explain the restrictions
I'm going to chime in here..Thanks for clarifying HOW hagerty & you determine your values..I also have been a licensed appraiser for over 20 years..I've worked both sides of the fence..For insurance co's & for private parties..Using high end auctions & #1 cars in your formulations to be frank doesn't address the MAJORITY of cars out there It's really the 1% your talking to..the guys with wads of cash to plunk down on a whim at a collector car auction...Not the real world for the rest of us 99% The standard for many many years is N.A.D.A....Red book...& Kelly blue book..I've settled many a total loss claim & never once in over 20 years have the insurance co dictated to use any other guides..The true test is What would the insurance co pay me if my car was totaled..If it's your carrier & you have an agreed price or rider that the car is insured for, your in luck if not ..It's a average of the 3 books ..This really comes into play on 3rd party losses....A better indication of value is what insurance co's pay out on a total loss that DOESN'T have a rider or agreed value..That's your true value.Guys-
A friend of mine sent me this blog post last night.
I am the Editor of the Hagerty Price Guide, this grew out of Cars That Matter, a guide i started about 8 years ago. I merged with Hagerty two years ago, I am a partner in the project with Hagerty on the venture.
They use the data my team collects to power the prices in their online valuation tools.
I travel all over to gather our prices, and I attend over 25 collector car auctions each year. Each month I write the Upshift>>Auctions column for AUTOMOBILE, I pen the Auction section for AutoWeek (2 X per Mo) and also am responsible of the American Update column in the British Magazine Octane.
To obtain our values, we have a network of dealers, appraisers, marque specialists and buyers and sellers. Hagerty has the worlds largest database of classic car transactions, they collect data for my team to use as well.
I have been involved in both the collector car hobby and business for over 30 years. I am the owner of USAppraisal, a full time, dedicated automobile appraisal business that I started in 1991. I am a Accredited Senior Member (ASA) of the American Society of Appraisers, a 3,000 member educational society, I am quite proud of this designation, it took me over six years to earn it. Additionally, I currently own (and DRIVE!) over 10 collector cars.
I am saying all this not to show off, or to think I am better than someone else, but to let you know that these values are not produced in a vacuum, or by a computer, or for any reason other than to provide accurate values. I think I've earned my chops in the field.
Just to answer one of the questions here, I am the person solely responsible for all the values in the guide.
We get many responses to our valuations (as all price guides do)- some think we are to high -- others think we are too low. We are currently one a very few that publishes values in "#1" condition. If you read our condition ratings, this might lead to a better understanding. Less that 1% of collector cars are in true #1 condition, these are cars as nice (and some cases much nicer) than the day they left the factory. Our description says "The best car, in the right colors....On the lawn at the finest Concours....the car has been groomed down to the tire treads". Trailer Queens? You bet, but don't you think they get to be counted to?
You are all correct to note that the tool does not currently list all possible variations of Mustang that were sold when new--we only list vehicles for which we have reliable and complete pricing data. That said, we are continually adding to our vehicle coverage, and we will be rounding out our Mustang listings in the near future.
Hyena429 is also correct to point out that the 1971 Mach 1 was in fact lighter than its predecessors. It is also true, however, that the rest of the model lineup was in fact heavier and larger in many dimensions. This is not meant as criticism and is intended more to be factual. These cars are without a doubt a blast to own and drive, and they remain one of the finer expressions of American automobiles of the 1970s.
I don't agree, however, that anyone at Hagerty is "trash talking" Mustangs. Personally, I have owned quite a few, my Mother bought a new 1965 Coupe, my brother a new 66 Convertible. Mustangs were the first car I "imprinted' on when I was a kid.
Thanks for reading, your comments and your time.
That I never heard of...2 separate carriers on 1 vehicle ? Unless you put a rider with another co. over & beyond what 1 carriers maximum say for medical...or liability..is.We had Hagerty onthe camaro for the classic side and they appraised it for 28000.00 and then the highway ins thru progressive and they appraised it ar 26000.00 Doesnt seem to far apart to me. And Dont ask why it waS DONE THAT WAY IT was the soninlaws deal. I just got a quote from them on builders ins for the stang they said how much do you want I said 7500.00 and they said $100.00 per yr.
A couple of years ago I checked into getting Hagerty as it seemedWow...I use Hagerty, Please explain the restrictions
A friend wrecked his 2007 Mustang, someone hit his driver's door and a little on the fender. The company offered him $7,000 and took the car saying it was totaled. Maybe needed a new door and some body work/paint. So, I surmise, they fixed the car for $3,000 and sold it for $12,000. Is That how these "cheap" insurance companies make their money? It made me think. They told him the car had a bent frame and was not repairable.[& Progressive..I hope you never have to file a claim with them Pappy..I should post the hidden video I have of the progressive adjuster at my last shop adjusting a claim..I kicked them out after that, & banned them from my shop. I have to say most of the body shops are just plain fools for allowing someone (insurance co's) to come into their home(shop) & dictate how much they are going to pay for a repair..It always boggled my mind & to be honest I resented it..I'm the guy with the investment ..I'm the guy paying the rent..I'm the guy who's liable for the repair..Your gonna be my partner with no investment or liability ? I was one of the few who never caved to insurance pressure..I have no idea how that crap started allowing insurance co's into the shop..I mean when was the last time you walked into the supermarket picked up a loaf of bread & walked up to the cashier & said "I'll give you what I feel is MY price for the bread".. Man I'm so glad I'm not in that business anymore ! You become more of a claims handler than a repairer.
They make their money by denying claims..Not paying out what is fair..Stalling claims..using aftermarket parts...using llkq (like kind quality) parts on brand new cars..Taking your car after it's totaled then turning around & sending it to a salvage auction..Having their own network of repairers DRP shops who give discounts to the insurance co's for steering work to the shop..& a host of other games all geared to screwing the consumer & shop.. Sometimes you get lucky & get treated right..It's the luck of the draw when you file a claim. In the real world they know if they have a 100 claims lets say for 5000.00 each ..denied all 100...How many of those people are really going to hire an attorney to pursue it further ? Very few..You tell me, If you had a claim with your carrier for 5000.00 & they denied it Would you hire an attorney at $1000.00 up front binder Then $150.00 to $250.00 an hour . You could easily spend 5000.00 trying to get 5000.00A friend wrecked his 2007 Mustang, someone hit his driver's door and a little on the fender. The company offered him $7,000 and took the car saying it was totaled. Maybe needed a new door and some body work/paint. So, I surmise, they fixed the car for $3,000 and sold it for $12,000. Is That how these "cheap" insurance companies make their money? It made me think. They told him the car had a bent frame and was not repairable.
mike
First the two policy thing had something to do with the competition nature of the car Hagerty wasnt to keen onit going to the track. Didnt get to involved so can"t answer much on his buis.That I never heard of...2 separate carriers on 1 vehicle ? Unless you put a rider with another co. over & beyond what 1 carriers maximum say for medical...or liability..is.We had Hagerty onthe camaro for the classic side and they appraised it for 28000.00 and then the highway ins thru progressive and they appraised it ar 26000.00 Doesnt seem to far apart to me. And Dont ask why it waS DONE THAT WAY IT was the soninlaws deal. I just got a quote from them on builders ins for the stang they said how much do you want I said 7500.00 and they said $100.00 per yr.
I will say this about insurance..Is a big freaking scam..I've seen them first hand screw people out of legitimate claims...I've been to court on behalf of my customers to get them to pay whats fair & reasonable.. I've seen them not act in good faith..Just the tip of the iceberg! Just because you have a policy doesn't mean your covered..It means jack shit that you were a good customer that payed for 20 years & never had a claim ..When you get into big dollar claims it's a different animal vs what they call nuisance claims usually $2000.00 or less ..I can fill more than 1 book with the stuff I've seen them do..Here's some good reading on how the MAJORITY of claims are handled. THIS IS THE NORM http://allstateinsurancesucks.com/
http://www.justice.org/cps/rde/xbcr/justice/PattenofGreedRerpot2007.pdf
& Progressive..I hope you never have to file a claim with them Pappy..I should post the hidden video I have of the progressive adjuster at my last shop adjusting a claim..I kicked them out after that, & banned them from my shop. I have to say most of the body shops are just plain fools for allowing someone (insurance co's) to come into their home(shop) & dictate how much they are going to pay for a repair..It always boggled my mind & to be honest I resented it..I'm the guy with the investment ..I'm the guy paying the rent..I'm the guy who's liable for the repair..Your gonna be my partner with no investment or liability ? I was one of the few who never caved to insurance pressure..I have no idea how that crap started allowing insurance co's into the shop..I mean when was the last time you walked into the supermarket picked up a loaf of bread & walked up to the cashier & said "I'll give you what I feel is MY price for the bread".. Man I'm so glad I'm not in that business anymore ! You become more of a claims handler than a repairer.
I totally agree, a locked storage unit is a must.I think a locked garage is pretty fair, and there is no mileage restriction on my stang agreed value is 15000.00 that costs me about 120.00 a year for full coverage. Not a commercial, just a satisfied customer. And, yes I know my 72 Q code is not worth 40 grand...that's why I insured it for 15 K
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