Grundy Collector Car Insurance: Is It Right For You?

If you own a classic or collector car, finding the right insurance coverage can be tricky. Specialty insurers like Grundy understand the unique needs of collector vehicles. In this article, we’ll provide an in-depth Grundy collector car insurance review to help you decide if their policies are right for your prized automobile.

Overview of Grundy Collector Car Insurance

Grundy is one of the most well-known and largest classic and collector car insurance providers in the United States. The company was originally founded in 1947 as an insurer of antique autos. Today, Grundy provides coverage for a wide variety of collector vehicles including:

• Antique cars
• Classic cars
• Exotic cars
• Modified and hot rods
• Muscle cars
• Motorcycles
• Trailers
• Classic trucks

Grundy offers flexible usage guidelines, agreed value coverage, and coverage for modern vehicle use. Policies can be customized with options like spare parts coverage, coverage for tools and equipment, and flexible mileage plans.

Grundy collector car insurance shines thanks to its expertise and experience in the collector car space The underwriters and agents understand the unique needs of insuring these special vehicles

Grundy Collector Car Insurance Pros

There are many benefits that make Grundy a top choice for collector car insurance

• Agreed value coverage – With an agreed value policy, you and Grundy determine the value of your vehicle upfront. This means if your car is totaled, you get paid the agreed amount – no arguments. Grundy allows you to set any agreed value appropriate for your car.

• Flexible usage – Grundy has options for collectible vehicles driven on a limited, club event, touring, or regular use basis. This flexibility is perfect for collectors who like to drive their cars regularly.

• Multi-vehicle discounts – Insure more than one collector vehicle with Grundy and you’ll save up to 15%.

• Spare parts coverage – Have expensive spare parts for your collector car? Grundy allows you to add coverage for these parts.

• Modern vehicle allowance – Grundy understands you may sometimes need to drive your collectible car. Their modern vehicle allowance lets you use your collector car up to 1,500 miles per year for basic transportation needs.

• Excellent customer service – Don’t underestimate the value of outstanding service when choosing insurance. Grundy consistently receives positive reviews for their knowledgeable staff and hassle-free claims resolution.

Grundy Collector Car Insurance Cons

While Grundy excels in many areas, there are some potential drawbacks to consider:

• Limited availability – Grundy collector car insurance is not available in Alaska, Hawaii, Massachusetts, North Carolina, and North Dakota. Grundy also has limited availability in some urban areas due to the risk of theft and vandalism to collector cars.

• Strict eligibility requirements – To qualify for Grundy insurance, your vehicle generally needs to be at least 10 years old, have a value of at least $20,000, and must not be used for regular transportation.

• High rates for some vehicles – Grundy tends to have higher premiums for high-value exotics and classics. Due to their rarity, parts for these vehicles are expensive to repair and replace.

• Lack of bundling discounts – Unlike standard insurers, you won’t get a multi-policy discount for insuring your home or daily driver with Grundy. But this allows them to focus exclusively on collector cars.

Grundy Collector Car Insurance Costs

Premiums for Grundy collector car insurance will depend on factors like:

• The type, age, and value of your vehicle
• Your driving history and experience insuring collector vehicles
• Where you live and where the vehicle is garaged
• Your selected coverage, deductibles, and agreed value
• Whether the vehicle is used for club/touring events or regular transportation

To give you a general idea, here are some sample Grundy premiums:

• $1,500 annually for $70,000 agreed value on a 1980 Corvette driven less than 2,500 miles per year
• $2,800 annually for $150,000 agreed value on a restored 1965 Mustang driven for hobby use
• $8,500 annually for $500,000 agreed value on a rare 1990 Ferrari F40 with limited annual mileage

As you can see, premiums encompass a wide range but reflect the value of protecting prized collector vehicles.

Grundy Collector Car Insurance Discount Programs

Grundy offers a few ways to save on your collector car policy:

• Multi-vehicle discount – Insure two or more collector vehicles with Grundy and save up to 15%.

• Paid-in-full discount – Pay your entire six or 12 month premium upfront and save 5% to 10%.

• Association discounts – If you belong to an approved car collector association or car club, you may save up to 10%.

• Defensive driver discount – Take an approved defensive driver course and save 10% on your liability coverage.

• Low mileage discount – Drive your collector car 2,500 miles or less per year and you may be eligible for up to 15% off.

• Claim-free renewal discount – Receive a discount at renewal if you have a claim-free policy term.

Making a Claim with Grundy Collector Car Insurance

One of the best ways to evaluate an insurer is to assess how they handle claims. By all accounts, Grundy shines in their claims resolution process:

• In-house claims – Grundy handles all claims in-house rather than outsourcing to third parties. This allows them to deliver excellent service.

• ** Hassle-free repairs** – Grundy allows you to choose your repair shop and they work quickly to provide approval and payments for covered repairs.

• Knowledgeable staff – Adjusters understand collector vehicles and how to properly assess damage and repairs.

• Excellent response time – Grundy prides itself on fast response and resolution for all claims. Most reviewers report prompt and satisfactory claims service.

The key is finding an insurer that will properly cover your collector vehicle investment. Grundy has built a reputation for providing outstanding claims service and paying claims fairly and efficiently.

Top Alternatives to Grundy Collector Car Insurance

Grundy is a clear leader in the collector car space, but may not be right for everyone. Here are two other top insurers to consider:

American Collectors Insurance

American Collectors is another specialty insurer providing Agreed Value coverage for antique, classic, custom, and exotic vehicles. They have flexible mileage plans and also offer protection for collectible military vehicles.

Hagerty

Hagerty exclusively insures vintage vehicles and offers Agreed Value coverage for your classic car, motorcycle, or truck. They provide extensive resources for collectors including tools to research and value vehicles.

The Bottom Line: Who is Grundy Collector Car Insurance Best For?

Grundy delivers specialized coverage, flexible usage options, and excellent claims service – making them a top choice for protecting your collector vehicle investment. Grundy tends to work best for:

• Owners of high-value classic and antique autos that require Agreed Value coverage.

• Collectors who drive their vehicles regularly for hobby use and want mileage flexibility.

• Owners with multiple collector vehicles who will benefit from multi-car discounts.

• Drivers with clean records and experience insuring collector cars.

Grundy provides unmatched expertise in collector car coverage. For personalized service and the right protection for your cherished vehicle, Grundy is worth a close look.