[mkraft3003]

Well, just got the quote from American modern and they were more than double of Hagerty. Grundy was a little bit cheaper than Hagerty and no flood exclusion. My agent is working with Hagerty to remove the exclusion. So we will see. (Grundy does not cover daily drivers in Florida, according to their agent)

 

[Bigjsn250]

Agreed value is the ONLY way to go. Hagerty insured my 12C (120k AV) and it’s my first McLaren, I daily a Supra and sold my GTR last year. Maybe it varies by value? State Farm told me they do not do AV when I tried to get it for my GTR (it had 135k worth of work done to it).

 

[54greg]

🤮

 

[Trevor90]

🤮

thank you for this useful reply.

 

[spektormax]

Only one who said yes was Progressive Commercial who is pretty expensive.

To save the next guy time:
State farm: won't underwrite a Montana LLC not garaged in Montana
Safeco: won't go up do it
Geico: won't do it
Progressive Personal: 150k limit
Progressive Commercial: 2M limit, but expensive.
AIG/Chubb: minimum 3 lines of business (so car, home, and something else like umbrella or business). However, they only want to do it if its a high value home (2-3m+).
Hagerty: minimum 1 year prior McLaren ownership, no leases.

According to several insurance brokers I spoke with, Hagerty is planning on changing some of thier rules "soon" to make it easier.

On a new leased 750s for 415k, Progressive Commercial was 20/yr vs Hagerty's quote was 6.6k/yr before they said no.

 

[Car enthusiast]

I went through of most of those above and same experience, and went with Progressive, which was the best in my case. Very silly Hagerty

 

[buzzyng]

@Nu2Mac So did you get to cash out your SSA? I've also been with USAA for over 30years and have everything with them. So far rates are still very good but I'm tempted to test the waters. I checked on the 750 and it was around 350/mo which is higher than I expected. I know lots of variables but I've not had any claims, no tickets, excellent credit, etc

 

[MrRare]

I am currently seeking insurance on a new to me 720S. I currently have eight vehicles insured with America National ,but they would not add the 720S. My agent approached Hagerty and I received a quote at $3,200 per year subject to underwriting approval. Today they requested I fill out a Prior Performane Car Resume listing all performance cars I have owned,leased,etc. Any and all performance cars I have ever driven as well as background describing my skill set as a performance driver. Fortunately I have over fifty years of experience with performance cars and some driving courses,racing/competion events,etc so we will see what they say. I never knew how difficult it would be to insure a Supercar!

 

[Nu2Mac]

@Nu2Mac So did you get to cash out your SSA? I've also been with USAA for over 30years and have everything with them. So far rates are still very good but I'm tempted to test the waters. I checked on the 750 and it was around 350/mo which is higher than I expected. I know lots of variables but I've not had any claims, no tickets, excellent credit, etc

Ha ha…SSA won’t even cover gas here is CA.
I’ve been with USAA since college and used to have everything with them. USAA has gotten just too big and they’ve become all about just the Benjamins. I still like their level of customer service, however. I still bank with them and have a few cars insured with USAA. I have a clean record and good credit but they recently raised the premium on all my cars, especially for the 750S and R8, hence why I switched to Hagerty. The fires and other “natural“ disasters here in SoCal don’t help with any sort of insurance.

 

[buzzyng]

Ha ha…SSA won’t even cover gas here is CA.
I’ve been with USAA since college and used to have everything with them. USAA has gotten just too big and they’ve become all about just the Benjamins. I still like their level of customer service, however. I still bank with them and have a few cars insured with USAA. I have a clean record and good credit but they recently raised the premium on all my cars, especially for the 750S and R8, hence why I switched to Hagerty. The fires and other “natural“ disasters here in SoCal don’t help with any sort of insurance.

No doubt, gas is crazy there. Definitely have seen them change over the years. My dad was them his entire career as well and he talks about how it's so much different now then when he was a second lieu getting started. Thankfully I don't have the disaster stuff you have to deal with but they still keep raising my stuff like crazy. Will see what happens once I get the 750 in hand.

 

[Nu2Mac]

No doubt, gas is crazy there. Definitely have seen them change over the years. My dad was them his entire career as well and he talks about how it's so much different now then when he was a second lieu getting started. Thankfully I don't have the disaster stuff you have to deal with but they still keep raising my stuff like crazy. Will see what happens once I get the 750 in hand.

USAA was great back in the day and still is now to an extent. They still have competitive auto insurance rates for your “normal” cars but not for super cars, allegedly. Our kids all have USAA and they seem to be happy. Enjoy your incoming GOAT beast!

 

[Trevor90]

I am currently seeking insurance on a new to me 720S. I currently have eight vehicles insured with America National ,but they would not add the 720S. My agent approached Hagerty and I received a quote at $3,200 per year subject to underwriting approval. Today they requested I fill out a Prior Performane Car Resume listing all performance cars I have owned,leased,etc. Any and all performance cars I have ever driven as well as background describing my skill set as a performance driver. Fortunately I have over fifty years of experience with performance cars and some driving courses,racing/competion events,etc so we will see what they say. I never knew how difficult it would be to insure a Supercar!

I tried to get Hagerty twice and in the end saying no. I went with Grundy no issue. I'm not going to beg Hagerty to take my money. I'am in my 30's, but I do have prior supercar experience before 720 so I don't know what the issue is.

 

[Miura4512]

Hello y’all!
After over 3 decades with USAA, I’m contemplating cutting my ties with them and in need of recommendations for insurance companies for my 750S and maybe another car. I’m sure some of you have insurance through Hagerty and I would greatly appreciate your thoughts. And other insurance companies…. Thank you in advance!

For what it's worth, I just got off the phone with Hagerty regarding coverage for just purchased 720S. Got shot down altogether because it's my 1st McLaren and thus "need to own it for a year before they will insure". "Special Situations" underwriting department there handles McLarens these days apparently. So, I had initial intake with one agent then transferred to the underwriting rep for McLarens. Also, "American Collectors" said "No" altogether, unless I was adding it to an existing collection covered by them of non-McLaren collectibles/exotics. I have a clean driving record and use a Jeep Wrangler as an everyday vehicle with no history of accidents or tickets and no kids or other drivers in the house. Also, have 30+ years of ownership experience with Lambos & Ferraris. Neither of their online quote portals bring any of this to your attention, btw. Surprisingly, it was easiest to simply add it to my existing auto policy and the coverage and rate were in line with the specialty quotes. This may be a recent shift in policy for Hagerty in that I called them about a month ago regarding this topic and didn't get a whiff of this at that juncture. Hopefully, you'll have better luck shopping! VERY psyched to get my 720 Coupe this weekend, regardless!

 

[PD QUICK]

Ive had good luck with Hagerty
They also hold coverage on my 1955 Maserati scooter I recently restored -

 

[Barrett50]

Progressive had no problem insuring me. One call, ask maybe 5 questions, they check my driving record and write the policy. Decent price too. I have a boat and a plane with them already. Haven't had a claim in > 20 years. Never had a car claim except one rental car damaged that they covered no problem.

If you are in TX, call McCorkle insurance. See what they can do. Don't try the 'online quote' with a McLaren.

 

[ChipDiamond]

I had Hagerty insure my MC20 but they would not insure a 750S,I have a perfect driving record and 29 years of racing experience.I called DuPont Registry and they represent Modern American Insurance and that is who I now have insuring both cars.They do have annual mileage categories but I can live with 3,000 miles per year.

did you get the coverage that you retain your loss in re sale value if someone hits you? and i believe the other component full insured to the amount, not the "current" amount? What did your policy cost and what deductible?

 

[ChipDiamond]

I have State Farm. They are $699 a half vs Hagerty at $900 a half. Live in Ohio so need to check your rates but they are the cheapest I’ve found.
No mileage restrictions.

did you get the coverage that you retain your loss in re sale value if someone hits you? and i believe the other component full insured to the amount, not the "current" amount? What did your policy cost and what deductible?

 

[ChipDiamond]

Only thing I can add is…shop around and read the fine print. Insurance makes little sense anymore with regard to rates…And rates have gone through the roof. I know they have a computer programs that has thousands of parameters but sometimes it’s just silly. My Ferrari is half what my wife’s Navigator is to insure. AZ (Phoenix/Scottsdale) rates are stupid expensive these days…

Hagerty wanted $7500 per year (laughable) for my 964 3.6 Turbo, State Farm was $1800. Shop around.

did you get the coverage that you retain your loss in re sale value if someone hits you? and i believe the other component full insured to the amount, not the "current" amount? What did your policy cost and what deductible?

 

[buzzyng]

I'm curious with the Hagerty doesn't insure first time/year Mclaren owners. But a first time Ferrari owner they would cover? what's the deal with Mc

I'm going to go with USAA at least for now and then maybe check Hagerty in a year, should have car in 2 weeks

 

[mkraft3003]

I'm curious with the Hagerty doesn't insure first time/year Mclaren owners. But a first time Ferrari owner they would cover? what's the deal with Mc

I'm going to go with USAA at least for now and then maybe check Hagerty in a year, should have car in 2 weeks

They are very fast, expensive to repair and in the hands of a inexperienced driver, is a risk they are unwilling to take. There are certain insurance companies that have underwriting guidelines that do not make sense but their risk analyst have decided that is something they want in place, so they exclude certain things.