So I've decided to go with Hagerty over American Modern even though they're more expensive. I did get Hagerty's price down a bit by removing a couple of the extras I didn't realize were on there. Main reasons for my decision are:
- Plenty of stories of good experiences with Hagerty and hard to find a bad one
- Lots of bad reviews of American Modern on Yelp, and even though most of those are related to homeowners or renters insurance, I didn't get a warm feeling from how hard of a time people seemed to have getting to talk to a person. Also hard to find good reviews.
- Technology - American Modern's website is junk
- Customer Service - Everyone I've talked to at Hagerty has been great, while I have been very underwhelmed with everyone I've talked to at American Modern
- I feel pretty confident I'll be OK with Hagerty, and while I would probably be OK with American Modern, I just don't know. So what's another couple hundred bucks a year for peace of mind.
2) 78 Corvette - same size engine, but not the same one it came with. (350) - but engine has performance upgrades - heads, cam, etc. Otherwise, its factory correct. Hagerty response = "Its Modified" primarily due to the engine horsepower modifications, even though larger engines were available in similar years, and even the L82 in '78 had more horsepower than the stock L48 my car came with, its still modified.
This is different from what they told me 2 days ago for my 68 Mustang. Original engine was a 2 barrel 289 and it now has a 300hp 302 crate engine. Also added power disc brakes, a/c, electronic ignition. They asked about things like modified body / frame, custom paint job, and power adders like a supercharger, none of which I have. They said it's stock because a 302 was available and the car was available with similar or more horsepower.
Also, despite the claim that Hagerty is unlimited use, they quoted all my vehicles at 2,000 miles per year. When I mentioned more miles for the Mustang and Corvette, and that I'd be taking them to work once in a while, they had to adjust the quote to account for that, giving 4,000 miles to each car and noting the use for work occasionally. So it seems there is a little more nuance to Hagerty's restrictions than the website would suggest.
As I understand it, it's unlimited use in that if you tell them 3k miles, they are not going to hunt you down and check your odometer every month and deny a claim if you drove it 3200 miles in one year (I actually asked them basically that question). But they do want to know roughly how much you drive it and increase the premium if you drive it more because more time on the road equals more risk. This isn't all that different from normal car insurance - I save money on my daily driver policy because I don't really put a lot of miles on my car.