They swithched from American Modern to another carrier. 95% increase for four cars with all the same coverages. Needless to say, I'm shopping for a new policy. I've been with them for more than 30 years.
Mine went up 82% on 2 cars with the same coverage.
Gotta cover the CA fire losses. My Haggerty went up about 5% when I renewed just before the fires. I can't wait to see what next year brings. With the 7% rate increase cap that is CA law I suspect that Haggerty won't offer renewals in CA.
UPDATE: Bought this last Friday. 7-8 months left on Haggerty policy. Cost to insure for remaining time $14 - with 3 car discount.
Renewal on the car I have with Heacock only went up about 5%, renewed in Mid-April.
Might give Grundy Insurance a try! Found them more than competitive!
You should be able to go direct to American Modern for a policy. That's what I did about 10 years ago and have three cars on a policy with them (no middle man).
I'm quoting AMI directly, Drundy, Hagerty and a few others. I'll let yall know how it turns out.
I've had great luck with American Modern. Only modest increases over the years, never a problem adding coverage. I live in California.
Parish Heacock is a broker. Have you called them to complain and ask that they get quotes from other carriers?
Quote from: NC TRACKRAT on April 28, 2025, 04:34:06 PMParish Heacock is a broker. Have you called them to complain and ask that they get quotes from other carriers?
They are not brokers, they changed underwriters from American modern to American family. I had to change my mileage from 3,000 to 1,000 a year on 11 cars with a $5,000 deductible to be $300 over my old rate.
I've been with Parish for 38 years. Unfortunately I will be changing. I have several quotes for a slight increase but with increased agreed values. I'll post the final outcome.
In a nutshell:
Auto insurance rates in the United States have surged over the past few years, with the Consumer Price Index (CPI) showing a 51% increase in the cost of auto insurance over the last three years.
This rise is six times faster than overall inflation. Factors such as COVID-19's ongoing effects, natiral disasters, fires, along with an uptick in reckless driving, have contributed to the rise in rates.
Increased speeding and drunk driving incidents have led to more severe accidents, resulting in higher claims for vehicle damage and injuries. The pandemic also exacerbated shortages in materials, parts, and labor, driving up repair costs.
While all drivers have felt the impact of these increases, owners of classic, antique, and custom vehicles have been particularly affected.
Despite being statistically less likely to file claims, these collectors face the same rising premiums. In many cases, insurers do not offer discounts for owners who drive their collector cars less than the typical 12,000 miles per year.
As a result, these owners are, in effect, subsidizing the losses from higher-risk drivers.
Dtandard coverage is based on depreciated market value, which does not reflect the true replacement cost of a classic car.
AI not just for bots anymore!
I too was under Heacock and received a notice of non-renewal for my 2025 policy. Called Heacock up yesterday and they said "sorry we can no longer provide insurance in your area - you'll need to find another carrier". SO I did the Auto quote thing with both Grundy and Safeco - both 4x my current Heacock policy!!!! Hagerty was 3.5x the policy and still wanted to "Discuss" underwriting me. Another fellow SAAC acquaintance in my state said he only saw a premium increase but was able to renew under Heacock. He shared his was underwritten by "American Family" versus my "American Modern". Out of the blue I decided to also get a quote from American Collectors as they are the top for 2025 allegedly. I call then up this morning and they say - "yeah we see you're in the portfolio under Heacock, but we need to switch you over the American Family". The dude was super helpful and explained that they are trying to roll over older accounts off of the American Modern underwriters...right now the quote is about 20% higher than last years, but will be doable in my state I'm told. Finger's crossed...
Quote from: Rickmustang on April 24, 2025, 02:48:14 PMThey swithched from American Modern to another carrier. 95% increase for four cars with all the same coverages. Needless to say, I'm shopping for a new policy. I've been with them for more than 30 years.
95% increase from what amount?
I've been with Heacock for ~25 years. When I renewed in March the premium had increased 38%, at least part of that was due to increasing the annual mileage from 1,000 to 3,000. Still carried by American Modern when I renewed.
I ended up dropping Heacock, working through my agent and friend, who went to South and Western out of Addison, Texas. The underwriter is American Modern, who was the underwriter for Heacock before they switched. I raised a couple of car's value by a total of $40k. My total increased 30% from last year. Better than Heacock's 100% increase. PM me if anyone wants my local agent's contact information. He's a Chevy guy, but he's ok.
minimal change
I've been with Parish Heacock for about 35 years (before Bill Parish joined the firm). Bill Parish was a friend of mine where we both grew up in Nashville, TN. He passed away much too soon). This year, our policy went up 3%.
I just received my non-renewal letter from Heacock Classic/American Modern. No reason given for the termination. I've been with them for 20 years or so and never had a claim.
Quote from: 69 GT350 Vert on June 27, 2025, 01:14:52 PMI just received my non-renewal letter from Heacock Classic/American Modern. No reason given for the termination. I've been with them for 20 years or so and never had a claim.
What state are you in? California and Florida are seeing cancellations.
Car is registered in Florida, but stays year-round in Pennsylvania. I'm trying to find a broker/agent out of Florida that underwrites with American Modern.
just heard through the grapevine
"Many Cancelation Coming Very Soon"
News at Eleven...
Mine didn't cancel. But the policy didn't have the MCA discount. And was up, IIRC, about 10 percent. I called, got a very nice person on the phone and she applied the discount and sent me new emails to link and sign. I guess I was looking at the prior emails and signed stuff. A week latter she let me know I'd NOT signed.
Here is the company I use. Changed from the other years ago back in 2019. I can say I'm very pleased with policy cost communications and coverage. Have had my Shelby's with them, Ford GT and classic Mustangs
Classic Automobile Insurance Agency
Toll Free 800-397-0765
Fax 317-576-1899
Text Only 765-722-8597
customerservice@classicins.com
CA License #OH16071
5119 E 65th Street, Indianapolis, IN 46220
FYI , Heacock just canceled me , 4 cars and a trailer with them 15years no claims. No reason given ....
Kinda glad it was impossible to even speak with anyone....
Quote from: FL SAAC on August 25, 2025, 10:31:57 AMjust heard through the grapevine
"Many Cancelation Coming Very Soon"
News at Eleven...
Quote from: Dsten on September 11, 2025, 03:05:49 PMFYI , Heacock just canceled me , 4 cars and a trailer with them 15years no claims. No reason given ....
Kinda glad it was impossible to even speak with anyone....
Some GUY had mentioned about cancellations awhile ago.....
Are you in any state that suffered loses in the past five years?
Fires, floods,hurricanes etc
If you are that's why they let you go
South Florida...
Quote from: Shawn on August 25, 2025, 10:55:43 AMHere is the company I use. Changed from the other years ago back in 2019. I can say I'm very pleased with policy cost communications and coverage. Have had my Shelby's with them, Ford GT and classic Mustangs
Classic Automobile Insurance Agency
Toll Free 800-397-0765
Fax 317-576-1899
Text Only 765-722-8597
customerservice@classicins.com
CA License #OH16071
5119 E 65th Street, Indianapolis, IN 46220
thanks Hagerty is charging me an arm & a leg for the Ford Gt the shelby, hotrod & 911 stayed same
Quote from: 98SVT - was 06GT on April 24, 2025, 03:08:42 PMGotta cover the CA fire losses. My Haggerty went up about 5% when I renewed just before the fires. I can't wait to see what next year brings. With the 7% rate increase cap that is CA law I suspect that Haggerty won't offer renewals in CA.
UPDATE: Bought this last Friday. 7-8 months left on Haggerty policy. Cost to insure for remaining time $14 - with 3 car discount.
If only they filled there hydrants with water, did conservation and did controlled burning to prevent fires....
Quote from: 67 GT350 on September 12, 2025, 07:49:56 AMIf only they filled there hydrants with water, did conservation and did controlled burning to prevent fires....
Excellent point, if you know that this has been an occurring event. Then lan ahead and prepare for it.
Still the premium goes up no matter what
Quote from: Dsten on September 11, 2025, 08:30:10 PMSouth Florida...
That explains it SOUTH FLORIDA with the the natural perils that I will call "winds and water" and the unnatural perils of the " non insured motorist and car thieves" we want to give you a warm welcome to the happy, sunny, sunshine state
Got my renewal yesterday. Went up 2%. It's thru American Modern The agency, is Midwest Classic Insurance, Auburn, IL. They have cars insured all across the country. Good luck!
Try Chubb....
Parish Heathcock dropped most of the Gulf Coast people after Katrina, they said I did not pay my policy "on time"
and later admitted over the phone that they never sent it. I have been with Hagerty ever since.