Grundy Classic Car Insurance – 10 Reasons to Choose Grundy!
Grundy Worldwide is committed to helping you insure your Antique or Collector Car to best meet your specific needs. Whether your collection consists of one car or 25, Grundy Insurance knows how important your cars are to you.
Grundy’s coverage will include enhancements to the standard auto policy such as Agreed Value, Inflation Guard and Auto Show Medical Reimbursement to meet the unique exposures associated with the Antique and Collector Car industry.
Here are the 10 Reasons to Choose the Grundy Worldwide Collector Vehicle Program:
1. Agreed Value Policy
2. No model year limitations
3. Inflation guard protection
4. The option for electronic paperless policy deliver
5. No mileage limitations
6. Auto show medical reimbursement
7. Specialized Claims Staff
8. Trip Interruption coverage included up to $600
9. Spare Parts coverage included up to $500
10. Towing/Labor Cost coverage included up to $250
Grundy Insurance is licensed in all 50 states. So, wherever you live, or wherever you go, our coverage travels with you. And, if you tour overseas, we provide ocean / air transit and foreign liability coverage in most countries by endorsement or policy extension. In the event of a claim, trained claim representatives work hard to achieve a settlement that is swift, equitable and trouble-free. Our claim settlement satisfaction rating is one of highest in the industry.
Many of the most prestigious classic car collections are insured by Grundy. Individual collectors, often with a single vehicle, also account for a large portion of Grundy’s business. Grundy Insurance Company shares an appreciation for old cars with all their customers, and are trusted for their collector and antique vehicle insurance needs.
How can you use something you’re not even aware exists? Sure, there are a few auto insurance discounts you might know, but there are also many that some car insurers won’t tell you up front.
The good news is that there are more discounts available with car insurance than ever before, meaning you can save a nice percentage on your policy if you know where to look.
Some discounts you might want to investigate include:
If you have more than one vehicle, having them all insured in one policy with the same company often qualifies you for a multi-car discount of 25% per vehicle on average.
Be aware that each car must be registered in your name and driven by drivers listed on the policy.
When you combine your car insurance with other types of insurance such as renters’ or homeowners’ policies, you can usually qualify for a discount.
Not to mention, it’s a heck of a lot easier to make one payment to one company.
New Car Safety Features
When considering your purchase of a new or pre-owned car less than three years old, remember that features like passive restraint systems (airbags, motorized seat belts) can save you even more money.
Because the inclusion of safety features in new cars can qualify you for a variety of discounts, check with your insurance carrier to see which ones you can claim on your policy.
Finally, keep in mind that it’s becoming increasingly common for insurance carriers to offer discounts for alternative fuel and eco-friendly models.
Many insurance providers give discounts to drivers who voluntarily elect to take a defensive driving course.
In addition, if you have a clean driving record (i.e., no accidents or moving violations for a specified number of years), you can probably take advantage of additional savings.
Finally, if your new or old vehicle is equipped with safety equipment such as antilock brakes, an alarm system or running lights, you’ll save more.
For whatever reason, statistics show that married drivers have fewer motor vehicle accidents than single people.
As a result, car insurance companies – who take statistics very seriously when formulating their policies – often provide married driver discounts.
If you’re already married (tip: don’t get married just to save on car insurance), ask your insurance carrier for this discount.
If you’re a newlywed, be sure to combine your beloved’s policy with yours to save more (see the multi-car discount above).
Like with marriage, owning a home apparently shows insurance carriers that you are now a responsible adult.
This perceived stability also suggests that you are a more careful driver and so voila!, the home ownership discount was born. Enjoy.
Currently Insured/Early Signing
Many insurance carriers will offer a discount if you switch to them before your existing policy with another provider expires.
By not waiting until your policy ends before signing with a new provider, you can potentially knock up to 10% off your bill.
Yes, usually the younger the driver, the higher the premium, however if your teen gets good grades (above a B average) or attends college more than 100 miles from home (and doesn’t bring his or her car), you can somewhat offset the cost of adding a teen to your policy.
In addition, naming your teenager as an occasional driver of your least expensive car will help you save some money.
Finally, add your son or daughter to your existing policy to take advantage of multi-car discounts.
Some additional discounts your insurance carrier may not mention include savings for those in low-risk occupations, people who belong to professional organizations or the military, and buyers who opt to pay the premium all at once through auto-pay, and/or using paperless billing.
Drivers over the age of 55 may also enjoy a senior discount.
Finally, it can’t hurt to inquire about loyalty discounts, which will vary depending on how long you’ve been a customer, and renewal discounts if you renew your policy in advance of the renewal date.
While certainly not exhaustive, the above list can put you on course to save on your car insurance.
It’s also important to remember that even a company that provides the most discounts may not necessarily offer the lowest auto insurance rates, so it’s important to shop around and compare auto insurance quotes.
Last year, ten days before his 21st birthday, Bradley Dreyer was skateboarding against traffic alongside a row of parked cars in Sonoma, Calif. when a drunk, uninsured motorcyclist crossed the double yellow line and hit him from behind. Dreyer, who had been studying to be an ER nurse, sustained a severe brain injury.
With the help of lawyer Guy Kornblum, Dreyer’s parents got their own insurer, State Farm, to pay out both the full $100,000 of uninsured motorist coverage on their auto policy and their $1 million in umbrella coverage. But given Bradley’s continuing needs, they now wish they’d carried even more coverage. “We have to face difficult decisions,” says Bradley’s mom, Mary Kate Dreyer. “We don’t want to rob him of treatment now, but we need to preserve his estate for the future, what could be lifetime care.”
Pull out your policy now. There may be smart ways you can cut your premiums, such as raising your deductibles, dropping collision insurance on an older car, demanding special discounts or consolidating your policies with one insurer. But you might also need to pay for more protection from uninsured drivers and catastrophic injuries, warns Kornblum, who’s dealt with the fallout from severe auto accidents for 44 years.
1. Raise your deductibles
The easiest way to save is by increasing both the collision and comprehensive (damage due to vandalism, fire, flood) deductibles for damage to your auto. As a practical matter, if you have a $500 deductible and $700 of damage to your car, would you even put in a claim? Many folks wouldn’t for fear it would raise their rates. That’s one reason it makes more sense to have a $1,000 deductible, says Mark McConnell, a claims officer in Roanoke, Va. with ACE Private Risk Services. Consider “full glass” coverage if you’re worried about a ding to your windshield; it’s cheaper than a lower comprehensive deductible.
2. Get uninsured motorist coverage
This protects you and family members living with you should you be hit by a negligent driver who is uninsured or “underinsured,” even if you’re walking, bicycling or skateboarding at the time. According to the Insurance Research Council, at least 16% of drivers, and about a quarter of those in New Mexico, Mississippi, Alabama, Oklahoma and Florida, are uninsured. Underinsured? In California an “insured” motorist in the assigned risk pool can carry as little as $15,000 in bodily injury coverage per person and $30,000 per accident.
In many states uninsured motorist protection isn’t mandatory coverage, warns Diane Giles, a vice president at Marsh, a broker representing several high-end insurance carriers. That means you could have a policy without it, particularly if you shopped on price. The amount of uninsured/underinsured motorist coverage you carry should match your auto policy’s primary liability limits–meaning the maximum amount your insurer will pay the other guy if you cause an accident. Typically, that amount is $100,000 per individual and $300,000 per accident on a primary auto policy. That limit, in turn, should be where your umbrella kicks in. (Some umbrellas require your auto policy to cover as much as $500,000 per accident. Make sure there’s no gap in coverage between the two policies.)
3. Carry a big umbrella
An umbrella, or “excess,” policy kicks in where your liability coverage for your auto and home ends and is a necessity if you have any assets to protect. A $1 million umbrella is common, but $2 million is more realistic these days. “The more assets a person has, the bigger target they are” for lawsuits, says ACE’s McConnell. Recent jury verdict data show that 14% of personal injury liability cases result in awards in excess of $1 million, he notes. If you have teenagers driving, consider increasing your umbrella. The second million is cheaper than the first.
Warning: Although uninsured motorist coverage was included in the Dreyers’ old umbrella policy, many insurers now either don’t offer it or charge extra for it. Expect to pay $125 to $250 a year extra for $1 million of such coverage. “You need it,” insists Kornblum, who personally carries a $10 million Chubbumbrella with $5 million in uninsured/underinsured motorist coverage.
You can often save on an umbrella by buying it through the same insurer you get your auto policy from; go to an independent agent and ask for combined quotes from several carriers. Be sure to compare what each umbrella covers.
4. Hunt out obscure discounts
Certain discounts–say, for a good driving record–are usually applied automatically. But other credits require action on your part. For example, as you age, taking a defensive driving course (even one online) could earn you a credit. If you start telecommuting two days a week, call your insurer and ask for a discount. You may also be able to save by buying through a workplace discount program. If you have a teen driver, ask for the good student discount. (If the kid’s grades aren’t high enough, make him take the bus.)
5. Don’t buy a teen his own car
It’s usually cheaper not to add a third car when you’re adding a teen driver to a two-parent, two-car family, because insurers rightly assume the kid will drive less without his own car. (Even without a third car the average annual premium goes up 58% with a teen added, according to a recent Insurance.com study.)
The exception: If you and your spouse both drive new luxury cars with collision coverage, then you might reduce both premiums and family conflict by getting your kid a clunker without collision insurance. Warning: Some insurers charge as if the kid is driving the fanciest car in the garage, even if you swear he won’t. So you may have to sell your midlife-crisis Corvette or get a different insurer.
6. Avoid limited tort insurance
In some states, including Pennsylvania and New Jersey, you can buy “limited tort” coverage at a discount, but be wary of what you’re giving up. Limited tort means that, even if the other guy is at fault, you generally cannot collect payment for your “pain and suffering”–extra money that may be needed, say to get help around the house if you’re laid up. “We recommend clients select full tort,” says Giles.
7. Insure for a total wreck
If you’ve got a paid-up car older than five years or so (depending on the model) it may make sense to drop collision and comprehensive. That’s because if you wreck your car or it’s stolen, most insurers will pay out the depreciated value, which could be less than it takes to replace your older car. That’s also true if it would cost more to repair your car than it’s worth.
On the other hand, if you have a car loan outstanding or are leasing a car, consider topping up your coverage. MetLife Auto & Home, for example, offers “gap” insurance, which pays the difference between the depreciated value and the amount needed to pay off the loan or lease, and raises comprehensive/collision costs an average of 7%.
High-end carriers like Chubb and ACE offer the option of setting an “agreed value” at the start of each premium year for the amount you’ll receive if your car is totaled. It paid off for one of Giles’ adult daughters, whose VW Jetta was destroyed in a flood. The payout covered the remaining lease and left her with $4,000 for a deposit on a new lease.
Grundy Worldwide offers agreed value insurance with no mileage limitations, zero deductible, and high liability limits. Coverages are specifically designed for collector car owners. From classic cars to muscle cars, Grundy Worldwide has you covered.
- Agreed Value coverage – in the event of a total loss, this amount is paid with no deductible in most states
- High liability limits available – the ability to purchase limits up to $1,000,000. this is added security if you choose to buy higher limits
- No mileage limitations – the policy authorizes unlimited hobby use of the vehicles in collector activities, exhibits and parades
- Automatic Coverage – For 14 days on newly acquired vehicles
- Towing and labor Costs – the policy will pay up to $250 each time your covered vehicle is disabled
- Spare Parts Coverage – the policy will pay up to $500 for direct and accidental loss or damage to spare parts for your covered auto
- Trip interruption Coverage – the policy will pay up to $600 for traveler’s expense due to accident or mechanical breakdown of your covered vehicle
- Auto Show medical reimbursement – Clients or family members injured during an auto show or similar car-related event will receive pre-determined medical coverage
- In-house claims handling – claims are handled by an in-house collector car insurance expert
- Repair shop of your choice – take your vehicle to the shop of your choice for repairs
INFORMATION REQUIRED FOR A COMPLETESUBMISSION
- Signed and currently dated application
- Signed and currently dated Privacy notice
- Signed and currently dated State um/uim selection/rejection forms (if required by state)
- A minimum of two clear photos which show all 4 sides of the vehicle are required. additional photos showing interior and/or engine can be submitted
- Copy of Vehicle registration
- Full annual Premium
After 60 years in service, Grundy Worldwide Insurance Agency is still offering great insurance quotes from classic cars to muscle cars. They offer low rates with optimum protection to clients that take as much pride in their collectible car as they do. With services such as agreed value policies, no model year limitations, liability limits up to $1,000,000, unlimited mileage for hobby use, towing and labor expenses, auto show medical reimbursement, spare parts coverage, 24 hour claim service, trip interruption coverage, and automatic coverage for 30 days on newly acquired collector cars, they are a one-stop insurance company.
Grundy makes it easy to apply for a classic car insurance quote with just a click of the mouse. You simply click on free quote, fill in the appropriate fields with your name, address and details of your classic or collectable car, and within a short period of time you will have your classic car insurance quote that will fit all of your needs. You will receive a phone call from one of their many agents ready and willing to help you will your classic car insurance quotes.
If you have other items that need an insurance quote you can also use this time to request it. Whether it be your home, boat, aircraft, or your valuable possessions Grundy is please to offer insurance quotes for all of it. You no longer have to deal with multiple insurance brokers when making sure everything is covered. With their premiere program, they will give you an insurance quote for one or multiple vehicles and insure them with a special AIG Private Client Services all-inclusive package.
Located just North of Philadelphia, Grundy Worldwide has insured more than 1,500,000 collector vehicles with A+ and A++ carriers such as American International Group, Chubb Group of Insurance Companies, Philadelphia Insurance Company, and the United States Liability Insurance Group. As far as the eye can see, there is a carrier who will insure just about everything, no matter what year of model of the classic car. Their claim department is proud to say that their settlement satisfaction ratings are among the highest in the classic and collectable car industry. They work hard to make sure that if you do have a claim that it is settled quickly and with virtually no hassle.
Grundy Worldwide Insurance Agency wants to be your top insurance company for one or all of your classic cars. They know how important your classic and muscle cars are to you and they have a staff on call that will be more than willing to consult on your insurance policies, values of your car, acceptance policies, and anything else you would like to ask. They are committed to outstanding customer service and can be reached through email or a simple phone call. From hot rod cars to custom cars, you can get your all in one classic car and collectable insurance quote quickly and efficiently.