Time to renew my insurance

[daddycreswell]

Well it's that time of year to renew the insurance on my Bronco. I Hagerty and currently have the value of my Bronco at $40K, now I doubt my Bronco it worth $40K but I wanted to make sure I could replace it if something was to happen to it. Based on today's market, should I go up a few grand or leave it the same?

 

[76YETI]

I'd bump it. I did this quickly on yours and Good condition is $60,500. https://www.hagerty.com/valuation-t...Cn1I000000D4iiSAC&vbeSqlId=140636&catalog=yes A lot of variables, but the policy cost per year should be insignificant.

 

[daddycreswell]

I'd bump it. I did this quickly on yours and Good condition is $60,500. https://www.hagerty.com/valuation-t...Cn1I000000D4iiSAC&vbeSqlId=140636&catalog=yes A lot of variables, but the policy cost per year should be insignificant.

Thanks, didn't know Hagerty showed that. I'd say mine is in the fair category, so I bumped it up to $50k. Now if someone offers me $50k I'd probably take it.

Sent from my SM-S901U using Tapatalk

 

[.94 OR]

I thought I had read that State Farm had bought Hagerty in the recent past. Suppose that changes any approach to insuring old collectibles?

 

[Slowleak]

I thought I had read that State Farm had bought Hagerty in the recent past. Suppose that changes any approach to insuring old collectibles?

They did not buy them. They collaborated so that you can buy classic car coverage underwritten by Hagerty thru your State Farm agent.

Hagerty will join forces with State Farm Classic Insurance Company to introduce State Farm Classic+ - Hagerty

TRAVERSE CITY, Mich., Aug. 10, 2021 /PRNewswire/ — The nation’s largest insurer of private passenger vehicles, State Farm®, is collaborating with Hagerty to introduce new coverage for classic vehicles beginning in 2022. “We’re thrilled this strategic alliance will position State Farm agents to...

newsroom.hagerty.com

 

[sprdv1]

Thanks, didn't know Hagerty showed that. I'd say mine is in the fair category, so I bumped it up to $50k. Now if someone offers me $50k I'd probably take it.

Sent from my SM-S901U using Tapatalk

Hagerty does seem to be a little more logical these days.. do the research tho