Experience using Hagerty on newer cars, that aren't driven much?

We both work from home and the '18 Mazda 3 is the primary driver, the '23 BRZ is the nice drive on a Saturday/go to brunch on Sunday/go grab lunch during the week type car. Should be driving it a little more as time goes on, but not a ton. 

For example, I've had it two months and it has 440 miles on it. Since it's mainly a fun car and won't be used as a DD since I don't have a commute I was considering Hagerty since it seems like on some policies they will allow up to 7500 miles per year, but I haven't driven a car that many miles in a year in 6 years. 

I was curious if anyone has used Hagerty, or similar insurer, in a case like this? 

One thing I have learned from talking with people in the collector car insurance biz: Contact them as things can vary by owner, state and cars owned. 

David S. Wallens said:

One thing I have learned from talking with people in the collector car insurance biz: Contact them as things can vary by owner, state and cars owned. 

This.  Hagerty would not sell me a policy on my classic car because I auto-x it once per year.  I was eventually told it has something to do with laws in my state that won't allow them to write a motorsports exemption.  

Also, let your current insurance provider know how little the car is driven.  I have had a discount for that in the past with a traditoinal vendor.

In reply to pushrod36 :

Likewise, I once ran into a situation where a car of ours couldn't be covered because we live in Florida. In other states, I was told, it could have been covered. 

My 2002 Miata gets very little use (which is sad but another topic). Hagerty was responsive, professional, good to work with, and ~$550 annually for 2,500 miles and good stated value coverage.

HOWEVER, my other car and my personal umbrella are with USAA and they do _not_ recognize Hagerty for underlying coverage and would not include the Miata on my umbrella!

Hagerty worked with me to try to solve the problem but we couldn't, so I moved to American Collectors Insurance, which is 'approved' by USAA. Hagerty were solid professionals and refunded 100% of my money before I could even ask. I was impressed with them before and am more impressed with them based on their behavior.

I'm a big fan of insurance - you are buying a promise to pay if things go south. If you have a personal umbrella liability insurance policy (and I feel you should if you have assets or future earnings to protect), and/or other vehicles, make sure your collector car insurance is in synch with the other insurance.

pushrod36 said:

David S. Wallens said:

One thing I have learned from talking with people in the collector car insurance biz: Contact them as things can vary by owner, state and cars owned. 

This.  Hagerty would not sell me a policy on my classic car because I auto-x it once per year.  I was eventually told it has something to do with laws in my state that won't allow them to write a motorsports exemption.  

Also, let your current insurance provider know how little the car is driven.  I have had a discount for that in the past with a traditoinal vendor.

They are aware, but there isn't a big in premiums. That's why I was curious about Hagerty or similar companies. I'll go ahead and contact them. 

On that note, are there any other companies that would be worth contacting for this scenario? 

Also, your current provider might have a relationship with a classic car insurer. 

Contact an independent insurance broker. They'll have access to companies you've never heard of.

Another data point: When I discontinued coverage of Midlana (a one-off custom), it had been covered by Grundy. Since I had them on the phone, I asked what they'd cover a 2015 Jaguar F-Type R for as a low-mileage car. It's currently covered by AAA and wondered if they could beat it. Grundy's quote for limited use was within 10% of AAA, which was surprising given that AAA's coverage is unlimited miles. Oh well.

pushrod36 said:

David S. Wallens said:

One thing I have learned from talking with people in the collector car insurance biz: Contact them as things can vary by owner, state and cars owned. 

This.  Hagerty would not sell me a policy on my classic car because I auto-x it once per year.  I was eventually told it has something to do with laws in my state that won't allow them to write a motorsports exemption.  

Also, let your current insurance provider know how little the car is driven.  I have had a discount for that in the past with a traditoinal vendor.

My traditional vendor once gave me a nice discount for a car not driven as much as well. This was long before the rise of today's collector car insurance market. But, again, the communication paid off. 

My question would be would a "classic/collector car" insurance company cover a late model car at all?  Hagerty has my 996, I don't pay any less than if it was with USAA but it's a $0 deductible/stated value policy vs typical insurance.  If something happens to it, Hagerty will just send me a check.  I won't have to fight to establish the value of it with them.  So that's nice.  The corrado was stupid cheap to insure with Hagerty but most of that was because I already had the 996 with them.

I'm not sure you'll see much of a cost savings vs "regular" insurance with a late model car....