Model A Insurance via MAFCA or MARC?

[leo]

Has this ever been explored? One or both of the two major Model A clubs either separately or together negotiating a deal with one of the companies selling antique automobile insurance for a better rate for club members? The club/s could provide a large volume of customers in exchange for lower costing insurance.

[Chris in WNC]

our cost with Hagerty is already what I consider VERY low, as compared to State Farm coverage for modern cars.
If I were on the board of MARC or MAFCA, I would decline to get the national club involved in that......

[Mike V. Florida]

Originally Posted by leo

Has this ever been explored? One or both of the two major Model A clubs either separately or together negotiating a deal with one of the companies selling antique automobile insurance for a better rate for club members? The club/s could provide a large volume of customers in exchange for lower costing insurance.

I guess you would have to ask them.

[Bob-A]

Well, I think it makes a lot of sense, just like the idea of the two national
Model-A clubs combining! But we all know how far that idea has gone.

Bob-A

[Al 29Tudor]

J. C. Taylor Ins. Is quite reasonable I think.
If the clubs decided to explore insurance rates, who would have the time to devote to it.
Al

[leo]

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Who would have time to devote to it? OK, what is the purpose of MAFCA and MARC? To promote and preserve the Model A hobby for the membership. Is this not an issue that impacts all members?

[Skibb]

Have Hagerty Ins. Premiums are so low, I suggest it's an non issue.

[John LaVoy]

We have used Grundy for years. They have no mileage restrictions and will insure a car while it is apart for restoration.

[Keith True]

Mostly I think you will not find any one insurance company that services all states.There are quite a few that can't operate in N.H. The laws here heavily favor the consumer,NOT the insurance companies,so some just want to stay out of the state.I have been with Hagerty for 15?,18? years,there have been a half dozen underwriters of my policy in that time.One comes into the state,another one pulls out.I checked into Grundy a year or two ago,they told me they were not writing any more policies in N.H. at that time.That may or may not have changed since I got that response from them.

[Franchise_24]

Originally Posted by Skibb

Have Hagerty Ins. Premiums are so low, I suggest it's an non issue.

Yeah I agree. Classic car insurance is pretty cheap as it is, I think it's a non issue as well.

[Ron in Quincy]

I just renewed my insurance on my 3 Model A's with Grundy Worldwide, A Division of Philadelphia Insurance Company. The agreed value of each vehicle determines your total cost. I have Collision and Comrehensive on each A with no deductable. Some of the other coverage includes: Full Windshield Coverage, Towing and Labor Costs Coverage, Spare Parts Coverage, Trip Interruption Coverage, Uninsured Motorists-California. There is no Mileage restrictions. You have no problem reaching the Company and a claim is handled promply, with no hassel !!!!
Ron

[Roger V]

I agree that it's a non-issue. Besides already being relatively low cost, whoever got the business may have many of the national's members already.

[1931 flamingo]

This is like asking what type of oil to use, IMO.
Each individual has a preference for an INS CO for whatever reason, be it the company itself, the local agent, previous experience, what he's heard, what he's experienced.
IF one or the other clubs offered this "service" there would be many who would not like whatever agency was chosen, for whatever reason.

JMO
Paul in CT

[P.S.]

Turns out my Farmer's agent is also a Hagerty agent, so it was all just a tad too easy. Why would anyone want to stop dealing with whomever they are comfortable and shift their insurance to a national organization? It's also debated from time to time that the national groups are somewhat out of touch with the local needs. I'd have to agree.

[Mike V. Florida]

I can think of only two ways to offer insurance cheaper to the public;
1) Become a broker and sell the insurance with the profit on the policy passed on to the public.
2) Become an insurance co. I would think that in order to become an insurance company you would have to have a certian amount of assets to back up the policys. do the clubs have those assets?

Ant if they sell insurance does that affect their non profit status?

[leo]

Hey, you have provided a lot of great input. The consensus seems to be that it is a non-issue and that we buy insurance for reasons other than price. OK, I just thought that MAFCA or MARC could get into this for a financial benefit to the membership like AARP does for health insurance (no I'm not giving a free plug to AARP) just using them as an example.

[Keith True]

Leo,AARP is a very good example of the insurance differences between states.For car insurance,the discounted insurance through AARP is more money than I pay now at going rate.For N.H. AARP is using The Hartford group,I use The Concord Group.Health insurance for me through AARP is astronomical,but for supplemental insurance to those on Medicare it is very reasonable here.The two credit unions I deal with offer discounted car and home insurance,but for my situation they are no bargain at all.

[wrndln]

What is an average insurance rate for a model A, say at about $18K stated value? It would be nice to get a ballpark idea of the cost. I know that the cost is probably different for different states, but I can't see it varying all that much.
Rusty Nelson

[1931 flamingo]

My tudor is about $165 for $15,000 value.
Paul in CT

[P.S.]

My Tudor is $188 per year for $25K agreed value - full coverage.