Grundy Classic Car Insurance is a provider of specialized insurance for vintage cars, offering both basic and full coverage, as well as uninsured motorist insurance. Their policies are personalized to suit your needs and budget. <\/p>
Your collector car may become more valuable over time, and you\u2019ll want your insurance to keep up. With most classic car insurance, you and your insurer agree in advance on how much your car is worth, and that\u2019s the amount you\u2019ll get if the car is stolen or totaled. <\/p>
Grundy\u2019s optional Motor Vehicle Program adds a cushion: You can get up to 150% of the insured amount if your car\u2019s value has gone up.<\/p>
Grundy Classic Car Insurance was first established in 1947 and now has almost a century of auto insurance experience. They\u2019re also the largest insurer of hot rods in the U.S.<\/p>
Grundy Insurance provides you with customized classic car coverage, with policies that suit your unique needs and preferences. If your car has rare auto parts, or a high market value, Grundy Insurance is still able to provide full coverage. <\/p>
Grundy Classic Car Insurance is also able to be bundled for a discounted rate with the following policies: <\/p>
Grundy’s primary niche is collector vehicles, and drivers can’t purchase a policy from them unless they have at least one classic car to insure. But the company also insures many other common types of vehicles for those who want to manage everything in one place.<\/p>
Grundy Insurance is an excellent choice for classic cars with rapidly increasing appreciation. The car insurance provider guarantees 100% of the vehicle\u2019s value in a covered total loss scenario and allows policyholders to reevaluate their car\u2019s agreed value as needed.<\/p>
Grundy boasts an accredited\u00a0A+ rating\u00a0from the Better Business Bureau (BBB), indicating the company\u2019s dedication to resolving customer complaints and issues. The insurer offers the standard types of car insurance coverage \u2014 bodily injury liability, property damage liability, collision, comprehensive, personal injury protection, medical payments and uninsured\/underinsured motorist.<\/strong><\/p> The classic car insurer also offers spare parts coverage up to $500, trip interruption coverage up to $600 and towing and labor coverage up to $250.<\/p> Grundy auto insurance rates tend to be fairly affordable, especially since its policies don’t have mileage restrictions. It offers pretty affordable rates on classic cars, especially considering it doesn’t impose any mileage caps like other classic car insurers. But exact costs depend on a variety of factors, including the driver’s accident history and the agreed-upon value for the vehicle. <\/p> The best way to know what Grundy will charge a specific driver for auto insurance is to reach out and get a quote.<\/p> Grundy doesn’t advertise any auto insurance discounts, but the company manages to offer pretty affordable rates anyway. Drivers can also keep their costs down by purchasing only the coverage they need and working to maintain a clean driving record.<\/p> The company pays agreed-value coverage on all vehicles and offers flexible policies with no mileage restrictions. It also doesn’t charge deductibles in most states.<\/p> Grundy’s customer satisfaction ratings are about average. But it’s difficult to know how the company stacks up to better-known auto insurers as it hasn’t featured in any large-scale customer satisfaction surveys.<\/p> Coverage options:<\/p> Grundy works with drivers to come up with an agreed-upon value for all vehicles, whether they’re\u00a0classic cars\u00a0or cars used for everyday driving. If the vehicle is totaled, Grundy will pay up to the agreed-upon amount, regardless of whether the actual value of the car has depreciated since then.<\/p> Grundy doesn’t permit drivers to use collector cars as their everyday vehicles. But it also doesn’t impose mileage restrictions on how much policyholders can drive them. This makes Grundy a great choice for those who want to take their collector vehicles out often.<\/p> In addition to coverage mandated by state law, Grundy offers a variety of endorsements to help drivers customize their policies. Some of these options, like OEM parts and emergency living expenses, are pretty uncommon.<\/p> Drivers who insure their vehicles through Grundy typically don’t pay\u00a0a deductible\u00a0when they have to file a claim. However, this varies by state.<\/p> Grundy specializes in classic vehicles. While it does insure regular cars through its Motor Vehicle Program, these policies require a minimum of three vehicles, and one of them has to be a collector car. Those who are just looking to insure the everyday vehicle that they use to run errands and commute to and from work will have to look at other\u00a0car insurance companies.<\/p> In order to insure a collector vehicle through Grundy, the driver must agree to store it in a garage while at home. However, the car is covered if parked outside while away from home.<\/p> Since Grundy Insurance isn’t a traditional auto insurer, it hasn’t featured in any large-scale auto insurance surveys, like those conducted by J.D. Power.<\/p> The company currently has a B- rating with the Better Business Bureau (BBB) and a 3.9 out of 5 from Trustpilot. These ratings aren’t quite as high as what we’ve seen with some other companies, but they’re also not low enough to cause concern for most drivers.<\/p> Grundy auto insurance could be a good fit for drivers who:<\/p> Classic car insurance isn\u2019t the same as standard car insurance. Collector cars differ in value and use from daily drivers, so it makes sense that insurance is set up a bit differently. Let\u2019s take a look at what it is and how it works.<\/p> The cost of classic car insurance is typically cheaper than a regular car insurance policy because a classic car spends less time on the road than a daily driver, so has less chance of being in an accident. American Collectors and Heacock say their classic car rates are up to 40% less than standard auto insurance rates, while Hagerty says they are 34% less on average.<\/p> The best way to find out how much classic car insurance will cost for your vehicle is to compare car insurance quotes from multiple companies. Prices can vary significantly because insurers weigh risk factors differently.<\/p> Key factors that affect classic car insurance rates usually include:<\/p> To find the best classic car insurance evaluate your needs and determine which coverage features you require and which you can skip. For instance, if you drive a 1972 Porsche 911 to a lot of car shows, then mileage limits will be important to you. On the other hand, restoration coverage may be your top priority if you\u2019re restoring a 1964 MGB.<\/p> Once you know what you want in a classic car insurance policy, shop around to find the insurer that best suits your situation. Our analysis of the best classic car insurance companies is a good jumping-off point.<\/p> Items and features to consider when looking for the best classic car insurance may include the following.<\/p> If you\u2019re active in classic car hobby activities\u2014such as car shows and parades\u2014and put a lot of miles on your car each year in this capacity, mileage limit options will be important. Look for a classic car insurance policy with a flexible or unlimited mileage limit.<\/p> If you look at your classic car much more than you drive it, choosing a lower fixed limit can be a better option as you\u2019ll usually see a discount. Leland-West allows you to roll over unused miles to your next policy year if you choose a fixed limit and drive less than your limit.<\/p> Classic car insurance policies typically state your car is only for occasional pleasure and hobby use and require you to have a separate daily driver vehicle. If you plan to use your car regularly or as a commuter car, you\u2019ll likely need to add an endorsement for that or buy a standard car insurance policy.<\/p> Flexible\u00a0car insurance deductibles\u00a0allow you to choose from a range of options. For instance, you can go up to $10,000 with American Modern or 20% of your car\u2019s value with American Collectors. Higher deductibles may be right for you if you have a high-value vehicle or want to take on more of the cost and save on your classic car insurance rates.<\/p> All of our best classic car insurance companies have a zero-deductible option. While zero dollars may sound good, you\u2019ll pay more for the policy. That\u2019s because the lower your deductible, the more your auto insurance company will have to pay out when you make a claim. The most common deductible choices are typically $250 or $500.<\/p> An inflation guard is a coverage feature that automatically increases your agreed value limit to keep up with inflation so you won\u2019t become significantly underinsured. The increase may only last until the end of your policy term unless you update your limits to the higher amount at your renewal.<\/p> Typically, an inflation increase is around 2% every three months, with some insurers having a maximum annual increase limit. For example, American Collectors inflation guard adjusts the agreed value limit of your classic car for up to a maximum of 6% per year.<\/p> Spare parts coverage pays for theft or damage to spare replacement parts and automotive tools that you own and intend to use to restore or maintain your classic car.<\/p> Many car insurers offer $500 of spare parts coverage, but some of the best classic car insurance companies include higher amounts. Hagerty pays up to $750 in spare parts coverage, Chubb up to $1,500, while American Modern, Heacock and Leland-West provide $2,000 in coverage.<\/p> See what\u00a0car insurance discounts\u00a0companies offer to make your classic auto insurance more affordable. If you\u2019re getting your classic car policy with the company you already have a home or life insurance with, look for a bundling discount.<\/p> Some classic car companies partner with standard companies\u2014such as Hagerty with Progressive\u2014so you may also get a bundling discount. And if you\u2019re insuring multiple cars or an entire car collection, there are discounts available with some classic car insurance companies.<\/p> Condon Skelly and Erie have lay-up discounts for storing your car away and not driving it for months at a time. Other discounts offered by some insurers are for being part of a car club, insuring a high-value vehicle, having anti-theft or security devices for your car and having an automatic fire suppression system for your garage area.<\/p> You\u2019ll want to shop around with multiple companies to get the best price for your classic car insurance. Look at the companies that provide the coverage features and mileage requirements that fit your classic car\u2019s situation and then\u00a0compare car insurance quotes.<\/p>Pricing<\/strong><\/span><\/h4>
Discounts<\/strong><\/span><\/h4>
Perks<\/strong><\/span><\/h4>
Customer service<\/strong><\/span><\/h4>
Grundy auto insurance at a glance<\/strong><\/h2>
What coverages are included?<\/strong><\/h2>
What types of vehicles are covered?<\/strong><\/h2>
Top perks<\/strong><\/h2>
Agreed value coverage on all vehicles<\/strong><\/h4>
No mileage restrictions for pleasure driving on collector cars<\/strong><\/h4>
Comprehensive coverage<\/strong><\/h4>
No deductible in most states<\/strong><\/h4>
Areas of improvement<\/strong><\/span><\/h2>
Can’t just insure an everyday vehicle<\/strong><\/span><\/h4>
Collector vehicles must be kept in a garage<\/strong><\/h4>
Customer service and ratings<\/strong><\/h2>
Who is Grundy best for?<\/strong><\/span><\/h2>
Collector Car Insurance<\/strong><\/h2>
How much is insurance on a classic car?<\/strong><\/h2>
Common factors that impact the cost of classic car insurance<\/strong><\/h3>
How do I find the best classic car insurance?<\/strong><\/h2>
Mileage limits<\/strong><\/h3>
Flexible deductibles<\/strong><\/h3>
Inflation guard<\/strong><\/h3>
Spare parts<\/strong><\/h3>
Discounts<\/strong><\/h3>
Shop around<\/strong><\/h3>
Recommended Articles <\/strong><\/span><\/h2>
References<\/strong><\/span><\/h2>