To increase your peace of mind as a consumer and compare Hagerty Insurance vs. American Collectors Insurance, you should consider requesting that important coverages are included on your policy to help protect you and your collectible vehicle before/after a claim, during natural disasters, or when you simply are stuck on the side of the road needing emergency roadside assistance.
Customer Service Ratings
American Collectors Insurance strives to provide knowledgeable collector specialists as well as industry-leading personal attention/service in the classic car industry. As of 9/2/2020, American Collectors Insurance was the highest rated provider of collector car insurance, topping Hagerty Insurance in all four out of four customer review sites.
Compare Hagerty Insurance vs American Collectors Insurance in Customer Service Ratings:
| Hagerty Insurance | American Collectors Insurance | |
| Trustpilot Reviews | 4.5 [1] | 4.9 [2] |
| Facebook Reviews | 4.4 [3] | 4.8 [4] |
| Google Reviews | 4.1 [5] | 4.9 [6] |
| Yelp Reviews | 1.5 [7] | 3.0 [8] |
Company Facts
American Collectors Insurance was been specializing in collector car Insurance since 1976, 8 years before Hagerty Insurance Agency was founded in 1984 and, a full 15 years before Hagerty started writing Classic Car Insurance in 1991 [9]. Unlike the fee-based Hagerty Drivers Club (which can be removed from your Hagerty policy), American Collectors Insurance specializes in classic car insurance and does not add-on an additional membership fee.
Compare Hagerty Insurance vs American Collectors Insurance in experience in the collector car industry:
| Hagerty Insurance | American Collectors Insurance | |
| Year Founded | 1984 | 1976 |
| Membership Fee | Drivers Club: From $45 & Up [10] | No Membership Fee |
Claims Policies
Both Hagerty Insurance and American Collectors Insurance provide an “Agreed Value” policy, which ensures that you will receive your full policy limit for a covered total loss (less any applicable deductible).
American Collectors Insurance values hassle-free claims service. Rather than limiting your options of towing or roadside vendor, we let you choose the service provider that provides the fastest emergency response, so you can get back on the road as fast as possible. Unlike Hagerty Insurance, American Collectors Insurance does not raise your renewal premium for filing a claim (whether it’s a Comprehensive or Collision claim, whether you’re determined to be at-fault or not-at-fault).
Compare Hagerty Insurance vs American Collectors Insurance in claims policies:
| Hagerty Insurance | American Collectors Insurance | |
| Policy Limit (Settlement Terms on “Total Loss” Claims) | Guaranteed Value [11] (a.k.a. Agreed Value) | Agreed Value |
| Allows Roadside Assist Reimbursement? | No [12] | Yes |
| Will a claim increase future renewal premiums? | Maybe [13] | No |
Additional Coverages
American Collectors Insurance includes valuable additional coverages to benefit classic car collectors, including:
a) Newly Acquired Vehicle Coverage: up to $100K (or the highest valued car on the policy) of automatic coverage for a newly acquired vehicle at no additional cost,
b) Evacuation Expense Coverage: Covers 100% of reasonable evacuation expenses incurred to move a covered vehicle from an area experiencing or threatened by natural disasters (up to $250 / vehicle) for no additional cost,
c) Towing/Roadside Assistance Options: Select from your choice of TLC coverage bundles, starting at only $9.95, and
d) Inflation Guard: To provide additional peace of mind by automatically increasing your Policy Limits to help protect your collector vehicle investment against effects of inflation.
| Hagerty Insurance | American Collectors Insurance | |
| Newly Acquired Vehicles Coverage Limit | up to $50,000 [14] | up to $100,000 |
| Evacuation Coverage | 50% of Expense [15] (up to $250 / vehicle) | 100% of Expense (up to $250 / vehicle) |
| Cost of Evacuation Coverage | Additional $5 / Vehicle [16] | No Charge |
| Towing Coverage Cost | Drivers Club: From $45.00 & Up [10] [17] | TLC Bundle: Starts at $9.95 |
| Inflation Guard Available? | Unknown | Yes 2% per quarter (up to 6% annually)* |
| Cost of Inflation Guard? | Unknown | No Charge |
| in approved states |
Vehicle Underwriting
Both American Collectors Insurance and Hagerty Insurance have a broad underwriting appetite for collector cars including: classic cars, newer collectibles, resto-mods, newer exotic vehicles, collector trucks/SUVs, classic motorcycles, and modified cars.
Compare Hagerty Insurance vs American Collectors Insurance in Vehicle Eligibility:
| Hagerty Insurance | American Collectors Insurance | |
| Collector, antique, and classic cars | Yes | Yes |
| 1980 and newer collector vehicles | Yes | Yes |
| Resto-mods | Yes | Yes |
| Newer exotic vehicles | Yes | Yes |
| Collector trucks and SUVs | Yes | Yes |
| Classic motorcycle and scooters | Yes | Yes |
| Motorsports vehicles | Yes | No |
| Modified cars | Yes | Yes |
| Are vehicles Under Restoration Eligible? | Yes | Yes |
| Cost of Restoration Coverage | Rates subject to change [18] | No Charge |
At first, it may seem difficult to compare Hagerty Insurance with American Collectors insurance; both companies are long-established classic car insurance companies and both offer provide insurance to cover many of the unique needs of the car collector.
However, only American Collectors Insurance includes many of these key, collector car specific-coverages at little to no additional charge, simplifying your choices while, at the same time, providing extensive coverage at an affordable price.
Footnotes:
[1] https://www.trustpilot.com/review/hagerty.com
[2] https://www.trustpilot.com/review/americancollectors.com
[3] https://www.facebook.com/pg/Hagerty/reviews/?ref=page_internal
[4] https://www.facebook.com/pg/americancollectors/reviews/?ref=page_internal
[5] https://goo.gl/maps/TZTjseKinSFHHZj76
[6] https://goo.gl/maps/5KEdsKVwHcpPY4To8
[7] https://www.yelp.com/biz/hagerty-traverse-city
[8] https://www.yelp.com/biz/american-collectors-insurance-cherry-hill
[9] https://en.wikipedia.org/wiki/Hagerty_Insurance_Agency
[10] https://www.hagerty.com/drivers-club/data-source/faq, How much is Hagerty Drivers Club membership and what does it include?
[11] https://www.hagerty.com/insurance/classic-car-insurance, What is the difference between agreed value and stated value insurance coverage? Guaranteed Value.
[12] https://www.hagerty.com/insurance/frequently-asked-questions, Can I use my roadside coverage to get reimbursed for services that are hired directly by me?
[13] https://www.hagerty.com/insurance/frequently-asked-questions, Will filing a claim affect my rates?
[14] https://www.hagerty.com/insurance/classic-car-insurance/policy-features, Instant new purchase coverage.
[15] https://www.hagerty.com/insurance/classic-car-insurance/additional-coverages/evacuation-expense-coverage, Coverage details
[16] https://www.hagerty.com/insurance/classic-car-insurance/additional-coverages/evacuation-expense-coverage, Coverage details
[17] https://www.hagerty.com/drivers-club/data-source/faq, How much is Hagerty Drivers Club membership and what does it include?
[18] https://www.hagerty.com/insurance/classic-car-insurance/additional-coverages/vehicle-under-construction, footnote
