
Grundy Insurance: Rates And Coverage
Grundy is an insurance broker that specializes in classic, collector, or antique cars across its six providers, which include Travelers, Safeco, and AIG.
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Key Points:
- Grundy Insurance policies are underwritten by respected partners like Travelers, AIG, Safeco, and Chubb Insurance Group.
- Grundy specializes in insuring collectible and classic cars, but also covers regular-use vehicles.
- Along with vehicles, you can also insure boats, valuable collections, and luxury homes through Grundy.
If you own a classic car, Grundy Insurance could be a great option for you. It’s not a direct insurance provider, but its auto insurance policies are underwritten by partners such as Philadelphia Insurance Company, AIG, Safeco, Travelers, Chubb Insurance Group, and Pure Insurance. Grundy is rated highly for financial strength but has mixed customer reviews.
Our team conducted extensive car insurance industry research. We reviewed over hundreds of online reviews, collected quotes from providers and mystery shoppers, and surveyed past customers. In this article, we’ll carefully examine Grundy insurance reviews, coverage details, costs, customer experience, and more to help you decide if Grundy insurance is right for you.
Whenever you shop for car insurance, we recommend getting quotes from multiple providers so you can compare coverage and rates. In addition to the insurance company you choose, factors such as your age, vehicle make and model, and driving history can affect your premium, so what’s best for your neighbor might not be best for you.
Our Grundy Insurance Review
We give Grundy 3.9 out of 5.0 stars overall for classic car insurance. Grundy has a solid industry reputation, strong financial standing, and extended coverage for policyholders. While there’s a mix of customer reviews for Grundy, we think it’s a great choice for classic cars.
How We Rated Grundy Insurance
We refresh our review standards multiple times per year to keep our information current. Overall, our insurance research falls into six main categories:
- Reliability
- Availability
- Coverage
- Pricing
- Service
- Technology
In this review, we’ve included data from Quadrant Information Services to show how Grundy stacks up against other insurance companies. For more context, here’s how we rated Grundy insurance.
Reliability: 3.9 Stars
To get the highest scores in this category, insurers must have a good reputation, an established history in the industry, and strong ratings from organizations like the Better Business Bureau (BBB). Grundy has been in business since 1947 and carries a B- rating from the BBB. We give the company 3.9 out of 5.0 stars in this category.
Availability: 5.0 Stars
For a provider to score well, we consider availability by state as well as exclusions for specific groups of drivers. Since Grundy is licensed in all 50 states and policyholders aren’t limited to owning a classic or collector car, we give it a perfect 5.0-star rating.
Coverage: 4.1 Stars
This rating is based on types of insurance available, maximum coverage limits, and add-on policies. Grundy insurance offers good coverage, including:
- Full agreed value guaranteed
- No deductibles in most states
- Full comprehensive and collision
- Liability with limits up to $1 million
- Uninsured/underinsured motorist
- State-required Personal Injury Protection (PIP) as medical benefits
- Inflation-guard value protection
- Spare parts inventory coverage up to $500
- Trip interruption up to $600
- Towing and labor up to $250
- Automatic coverage on newly acquired vehicles
- Uninterrupted coverage during repairs when your car is in a shop
Additionally, one liability payment covers all the cars you own.
Although Grundy insurance specializes in collectible and classic car insurance, it also offers coverage for regular-use, exotic, and modern muscle cars. It covers products outside of the auto industry as well, like boats and special collections. We give Grundy 4.1 out of 5.0 stars for its coverage options.
Pricing: 3.1 Stars
Grundy insurance doesn’t advertise any special discount offers. However, if you’re trying to insure your classic vehicle, it may be the lowest-priced option. In order to get accurate pricing, we recommend reaching out to Grundy for a classic car insurance quote. If you’re trying to insure your classic vehicle, Grundy claims it saves you at least 50 percent of the cost of regular car insurance. We give it 3.1 out of 5.0 stars in this category.
Service: 4.0 Stars
For this scoring category, we comb through customer reviews and consumer feedback studies from experts like J.D. Power. Grundy insurance reviews from customers are mixed. Satisfied customers report fair car insurance rates for classic cars compared to competitors, as well as a knowledgeable and professional staff. Negative Grundy reviews largely revolve around rude customer service agents and issues with renewing policies due to claims. We give Grundy 4.0 out of 5.0 stars for service.
Technology: 3.4 Stars
Auto insurers with mobile apps, advanced online services, and telematics are more likely to meet consumer needs. Grundy insurance coverage is provided through its network of underwriters, and premiums are paid directly to these companies. Claims are also filled with individual underwriting insurers.
Grundy does offer online quotes, which helps it get 3.4 out of 5.0 stars from us.
Grundy Insurance Quick Facts
Founded: 1947
Availability: 50 states
BBB rating: B-
Grundy was founded in 1947 to cover antique and collector automobiles that don’t depreciate in value as they age. Today, the company has expanded to include regular-use automobiles as well as collector boats, valuable collections, and fine homes. Grundy provides antique auto insurance for cars 25 years or older.
How Much Does Grundy Car Insurance Cost?
Just like regular car insurance, the cost of classic car insurance varies depending on a number of factors. Depending on your state’s laws, Grundy may consider the following when determining your rate:
- Your age
- Vehicle age, make, and model
- Coverage level
- Gender
- Marital status
- Driving record
- Credit score
- Location
Full-Coverage Car Insurance Cost Comparison
Full-coverage insurance includes liability, comprehensive, and collision coverage. Collision coverage pays for your own injuries and damage to your own vehicle from accidents, regardless of who’s at fault. Comprehensive insurance protects you from vehicle damage caused by fire, theft, vandalism, and environmental factors.
Let’s begin with full-coverage cost estimates from a few major providers. Rates are based on the driver profile of a single, 30-year-old male with good credit and a clean driving record who owns a 2020 Honda CR-V.
Car Insurance Provider | Average Annual Cost | Average Monthly Cost |
---|---|---|
Auto-Owners | $1,404 | $117 |
USAA | $1,476 | $123 |
Geico | $1,572 | $131 |
Travelers | $1,615 | $135 |
Nationwide | $1,674 | $139 |
Erie Insurance | $1,680 | $140 |
State Farm | $1,680 | $140 |
Progressive | $1,809 | $151 |
Allstate | $2,520 | $210 |
Farmers | $2,660 | $222 |
What Is Grundy’s Cheapest Auto Insurance Coverage?
If full-coverage insurance isn’t possible in your budget, you can opt for minimum-coverage car insurance, which is typically the minimum amount of coverage your state requires. Usually, that includes bodily injury liability and property damage liability coverage. Depending on where you live, you may need additional coverage types.
Ultimately, we recommend having more than just minimum liability coverage. If you get into a major car accident, you’ll have to pay out of pocket for any medical or property damage costs. Here’s a look at average liability coverage costs from major providers.
Car Insurance Provider | Average Annual Cost | Average Monthly Cost |
---|---|---|
Auto-Owners | $457 | $38 |
USAA | $509 | $42 |
Erie Insurance | $642 | $53 |
Geico | $655 | $55 |
State Farm | $684 | $57 |
Nationwide | $770 | $64 |
Progressive | $799 | $67 |
Travelers | $806 | $67 |
Grundy Car Insurance Rates By Driving Profile
To determine rates, insurance providers look at your driving record, including your at-fault accidents, speeding tickets, DUIs, and more. Below, we look at costs by driving profile for Travelers, which is one of Grundy’s providers. Travelers insurance costs less than the national average for those with driving violations, especially for those with DUIs.
Driving Profile | Travelers Average
Annual Cost | National Average
Annual Cost |
---|---|---|
Speeding Ticket | $2,006 | $2,450 |
DUI | $2,351 | $3,430 |
One Accident | $2,142 | $2,854 |
Grundy Car Insurance Rates By Age
Since you tend to get more driving experience as you age, teens are seen as risky to insure. That’s why car insurance providers charge a higher rate for this age group. In the following table, we break down the average full-coverage rates for Travelers insurance.
Keep in mind that these costs are for teens who buy their own policies. However, if you’re a parent and want to add your teenage driver to the family policy, that could save you money.
Age | Travelers Average
Annual Cost | Travelers Average
Monthly Cost | National Average
Annual Cost |
---|---|---|---|
16 | $9,004 | $750 | $8,261 |
20 | $3,403 | $284 | $4,019 |
30 | $1,615 | $135 | $1,968 |
40 | $1,485 | $124 | $1,853 |
50 | $1,437 | $120 | $1,747 |
Grundy Auto Insurance Coverage
Grundy has multiple options for auto coverage based on your needs: The Olde Original Plan, which covers collector cars, Special Collections, which insures entire car collections, MVP, which covers a variety of cars, and a variety of add-on coverages.
The Olde Original Plan
The equivalent of one low liability payment can cover all your cars under a Grundy auto insurance plan. The Olde Original Grundy plan covers a variety of collector cars, including exotics, modern muscle cars, and antiques 25 years old or older. This plan includes:
Grundy Car Insurance Coverage | Details |
---|---|
Agreed value guaranteed | Agreed value insurance involves you and your insurance company assessing your car to determine its worth. In the event of a total loss, that price will be reimbursed to you in full. |
No deductibles | There’s no deductible for Grundy classic car insurance in most states. |
Comprehensive and collision insurance | Comprehensive car insurance covers non-collision damage to your car, such as from a fire, flood, or theft. Collision insurance covers your vehicle after it’s damaged in an accident. |
Liability limits up to $1 million | Liability limits refer to the highest amount of money your insurer will pay out after an accident you cause. Liability auto insurance covers other parties’ medical expenses and property damage. |
Protection from uninsured/underinsured motorists (UM/UIM insurance) | UM/UM insurance will pay the costs of repairing your car after a collision with a motorist who doesn’t have insurance or doesn’t have enough insurance to cover the cost of the damages. |
Personal injury protection (PIP) | Many states require drivers to carry personal injury protection insurance, which covers any injuries sustained by you or your passengers in the event of a collision. |
Spare parts inventory coverage up to $500 | This insurance covers spare parts, repair parts, service parts, or replacement parts up to $500. These parts are kept in an inventory to be used in the event of a repair. |
Trip interruption up to $600 | If you’re in an accident far from home and need to stay overnight while your car is repaired, trip interruption insurance will reimburse you up to $600 for meals and lodging. |
Towing and labor up to $250 | Grundy classic car insurance will cover the costs of towing and labor up to $250 after an accident. |
Inflation guard | Inflation guard increases the value of your policy along with the increase in the value of your car. |
Automatic coverage on newly acquired vehicles | When you get a new car, Grundy will automatically cover it. There’s no need to go through the application process again. |
Uninterrupted coverage during repairs | Your car is covered when your car is in a repair shop. |
Grundy Special Collections Coverage
You can also insure an entire collection of cars with Grundy. Grundy’s Special Collections department insures larger collections valued anywhere from $500,000 to $5 million or more. Refer to the table below to find out more about Grundy classic car insurance for car collections.
Grundy Classic Car Collection Coverage | Details |
---|---|
Agreed value insurance | Similar to individual collector car insurance, Grundy insures collections at their agreed value. In the event of a total loss, the full insured value of each vehicle lost will be reimbursed to you. |
Global coverage | Collector car insurance can be applied to a collection located anywhere in the world. |
150% coverage cushion | If your vehicle is insured below its current market value and is a total loss, Grundy will pay up to 150% of the agreed value to make up for the loss. |
Diminution of value | The value of an original car can be reduced by the use of replacement parts, painting, or other changes. Grundy will cover losses caused by the diminution of value. |
Maximum coverage | You can choose to get maximum liability and uninsured motorist coverage for your collection. |
Custom premiums | Premiums are customized based on the individual risk of a collection. |
Grundy MVP
Grundy’s Motor Vehicle Program (MVP) lets you combine your entire fleet of cars into one policy and insures them all at their agreed value. This coverage doesn’t limit you to just insuring classic or collectible cars. You can add daily drivers, pickup trucks, trailers, exotics, and motor homes. The table below details what MVP coverage includes.
Grundy MVP Coverage | Details |
---|---|
Agreed value protection for all vehicles | You work together to determine your vehicles’ values so that if a total loss occurs, you’ll get the agreed-upon amount, no matter what market depreciation is. |
150% replacement | Get reimbursed for up to 150% of the insured amount if a loss takes place and its current market value exceeds your coverage limit. In most states, this is available by endorsement. |
Breakdown assistance | This covers your cost to tow the car to your preferred shop. It also covers the cost of labor associated with emergency roadside assistance without a deductible. |
Transportation expense | You’re reimbursed for the costs to rent a car while yours is in the shop at no per-day limit. You may also choose to rent a car with comparable value. |
Emergency living expenses | Get reimbursed for lodging and related expenses in the event that your car breaks down or you’re in an accident while far from home. |
Original equipment manufacturer parts | With the exception of window glass, only the original manufacturer’s parts will be used to make repairs, unless the parts aren’t made anymore. You can pick what repair shop is used. |
Full glass coverage | In most states, glass coverage is included, which comes with deductible-free repair and replacement. |
New vehicle replacement | If your new car is totaled within three years of purchase, you can get the agreed value and replace it with a car of the same year, make, and model or like model. Your vehicle can’t be previously titled. |
Waiver of deductible | Your deductible gets waived if your car is damaged beyond repair. |
Personal property | After your personal property is damaged due to theft or an accident, you can replace it with an item of like kind and quality, deductible-free. |
Pet coverage | You get reimbursed for veterinary bills if your pet cat or dog is injured in an accident. |
Cash settlement (optional) | If your car’s damage equals more than half of the agreed value, you can opt to get a cash settlement. |
Grundy Auto Insurance Add-Ons
An insurance add-on is an extra type of coverage that doesn’t come with your chosen policy. While Grundy’s website doesn’t list individual add-ons like roadside assistance, rental car reimbursement, or gap coverage, plenty of these are already part of its plans. For more information, check with your provider to see what kind of add-ons are available to you. For instance, Travelers might feature add-ons that AIG doesn’t.
Does Grundy Cover Rideshare Drivers?
If you’re a rideshare driver, you’ll need this kind of insurance, which fully covers you while working for Uber, Lyft, and other rideshare companies. Without it, you won’t be covered while waiting to accept a ride, which could pose steep financial consequences if you get involved in an accident.
Grundy doesn’t list rideshare driver coverage on its website, but if you’re covered under one of its in-network providers, check to see if you have this coverage available to you.
Can Grundy Cover SR-22 Insurance?
SR-22 insurance is important if you’ve been convicted of any serious driving violations. However, Grundy doesn’t list this type of coverage on its site. Check with your insurance agent if you’re covered under one of Grundy’s providers.
What Grundy Is Missing
Grundy’s underwriters include Philadelphia Insurance Company, AIG, Safeco, Travelers, Chubb Insurance Group, and Pure Insurance. Here’s a breakdown of which underwriter covers what:
Provider | Collector Car Claims | Motor Vehicle Program Claims | Car Collector Claims | Special Collections Claims | Personal Excess Liability Claims | Classic Car Dealer Claims | Car Museum Claims |
---|---|---|---|---|---|---|---|
Philadelphia Insurance Companies | ✓ | ✓ | ✓ | ||||
AIG | ✓ | ✓ | ✓ | ✓ | |||
Safeco Insurance | ✓ | ✓ | ✓ | ||||
Travelers | ✓ | ✓ | |||||
Chubb Group of Insurance Companies | ✓ | ✓ | ✓ | ||||
Pure Insurance | ✓ | ✓ |
*Taken from Grundy’s claims page.
Whether you go through Grundy or directly through one of these providers, you should have access to a decent mix of car insurance products. While you might not be able to find everything in one, you should pick a provider that caters to most of your needs. One company might offer you cheaper coverage based on discounts you qualify for and other perks. See each provider’s perks below:
Coverage | Philadelphia Insurance Companies | AIG | Safeco Insurance | Travelers | Chubb Group of Insurance Companies | Pure Insurance |
---|---|---|---|---|---|---|
Accident forgiveness | ✓ | ✓ | ||||
Accident-free or good driver discount | ✓ | ✓ | ||||
Agreed value | ✓ | ✓ | ✓ | ✓ | ||
Away-at-school discount | ✓ | |||||
Claims-free cash back | ✓ | |||||
Classic car insurance | ✓ | ✓ | ✓ | ✓ | ||
Continuous insurance discount | ✓ | |||||
Defensive driving discount | ✓ | ✓ | ||||
Diminishing deductible | ✓ | |||||
Early quote discount | ✓ | |||||
EFT, pay in full, and good payer discounts | ✓ | |||||
Gap insurance | ✓ | |||||
Good student discount | ✓ | |||||
Guaranteed repair network | ✓ | |||||
Homeowner discount | ✓ | |||||
Hybrid/EV discount | ✓ | |||||
Mobile app | ✓ | ✓ | ✓ | |||
Multi-policy discount | ✓ | ✓ | ||||
Multi-vehicle discount | ✓ | |||||
New car discount | ✓ | |||||
New car replacement | ✓ | ✓ | ✓ | |||
Rental car reimbursement | ✓ | ✓ | ✓ | ✓ | ||
Repairs with original parts | ✓ | ✓ | ✓ | |||
Roadside assistance | ✓ | ✓ | ✓ | |||
Safety equipment | ✓ | |||||
Telematics | ✓ | ✓ | ✓ | |||
Towing | ✓ | ✓ | ||||
Trip interruption | ✓ | ✓ |
Travelers has the highest number of listed perks while Chubb has the least. If you’re interested in telematics insurance, which is a usage-based driving program that can reward you for good driving behaviors, check out Travelers IntelliDrive®, Safeco RightTrack®, and Philadelphia Insurance Companies PHLYtrac.
The following coverage options aren’t available with any of the six providers:
- Alumni or membership discount
- Anti-theft discount
- Automatic pay discount
- Customer loyalty discount
- Military discount
- Rideshare insurance
- SR-22 insurance
- Teen driver discount
- Transfer discount
- Vehicle storage discount
- Youthful driver discount
Ask your insurance agent what kind of add-ons or discounts are available to you.
Other Grundy Insurance Products
Beyond the insurance it offers for classic cars, MVP, and car collections, Grundy offers several other products within its broker network:
- Homeowners insurance
- Special collections insurance including antiques, artwork, jewelry, gun collections
- Yacht and boat insurance
- Personal excess liability insurance including fraud guard and employment liability coverage
- Commercial insurance including car restoration, car builder program, classic car dealer insurance, and car museum insurance
Grundy Insurance Customer Reviews
Based on our research of customer reviews on platforms like Trustpilot, Grundy customers have mixed opinions about the provider. Positive reviews praise it for being easy, straightforward, and cheaper than other competitors. Complaints cite poor customer service from Grundy.
Ratings From Our Customer Experience Survey
We surveyed nearly 7,000 auto insurance customers in August 2022. From that group, 105 people had Travelers Insurance, which all scored the provider at or above the industry average rating. Travelers also scored above average for customer service, affordability, and claims service, making it a great provider if these things are important to you.
Aspect Surveyed | Travelers through
Grundy Rating (Out of 5.0) | Industry
Average Rating (Out of 5.0) |
---|---|---|
Overall Satisfaction | 4.2 | 4.2 |
Customer Service | 4.2 | 4.0 |
Affordability | 3.8 | 3.7 |
Coverage Selection | 3.9 | 3.9 |
Claims Service | 4.4 | 4.2 |
Mobile App Rating | 4.2 | 4.2 |
Grundy Auto Insurance Reviews: Our Take
Overall, we give Grundy 3.9 out of 5.0 stars for classic car insurance. Grundy has a strong financial standing and offers extended coverage for policyholders. The Olde Original plan comes with features included that are add-ons with many of Grundy’s competitors, like inflation guard insurance.
Grundy’s customer reviews are mixed, which isn’t uncommon in the auto insurance industry. Overall, we think Grundy insurance is a great choice for classic cars, but it seems like the company’s customer service department could use a small tune-up.
Grundy Auto Insurance Competitors: Top Companies
When you’re looking for an auto insurance company to protect your collector car, you’ll want to compare multiple quotes from different companies to make sure you’re getting the best price. Here are some other providers of cheap classic car insurance.
State Farm Collector And Classic Car Insurance
State Farm’s collector and classic car insurance gives you up to $500 coverage for your vehicle’s spare parts and a 24-hour helpline. In all states but Massachusetts and North Carolina, it promises to pay the agreed-upon value of your collector and classic car insurance.
To qualify, State Farm requires your vehicle to be used on a limited basis and stored in an enclosed building. It needs to be preserved, maintained, or restored. At the least, it must be actively undergoing restoration to be eligible. To qualify, your classic or collector car must be defined as one of the following:
- Classic cars: 10 to 24 years old with historical interest
- Antique automobile: 25 years or older with historic interest
State Farm provides liability, collision, comprehensive, uninsured/underinsured motor vehicles, medical payments/no fault, and roadside assistance.
Read more in our full State Farm insurance review.
Progressive Classic Car By Hagerty
Progressive has thousands of positive reviews from satisfied customers and a high BBB rating.
Progressive offers classic car coverage through Hagerty auto insurance. With this insurance, owners of classic cars can join the Hagerty Drivers Club for no fixed mileage restrictions and 24/7 roadside assistance for lockouts, battery jumps, and tire changes.
Progressive Classic Car by Hagerty gets you discounts on classic car insurance for things like having two or more classic vehicles on your policy. If drivers join the Hagerty Drivers Club, they can get discounts for automotive parts, track events, driving schools, and more.
Read more in our full Progressive insurance review.
Geico Classic Car Insurance
Geico has a coverage plan for owners of collector vehicles. The company has strong industry ratings and offers competitive rates and numerous discounts for insurance.
You can get classic car insurance if your vehicle falls into one of the following categories:
- More than 25 years old
- Less than 25 years old but considered to be appreciating in value, of unique or rare design, or of limited production
- Modified from its original specifications
- A replica or kit car
In addition, your car can only be used for exhibitions, club activities, and occasional leisure rather than being your primary mode of transportation. You must also store it in a fully enclosed and locked facility.
Read more in our full Geico insurance review.
Grundy Insurance Reviews: FAQ
Below are commonly asked questions about Grundy Insurance:
Who owns Grundy Insurance?
In 1947, James A. Grundy Sr. opened Grundy Insurance in Horsham, Pennsylvania, which is north of Philadelphia. Though it specializes in classic and collectible cars, Grundy also insures exotic cars, muscle cars, and regular-use vehicles, all regardless of age. You can also get insurance for your classic boats, umbrella coverage, special collections insurance, and more.
Does Grundy have a mileage limit?
While Grundy doesn’t keep track of mileage, you can’t drive your classic car every day. Instead, you must use a modern car for your daily driving needs. To keep your classic or collectible car safe, Grundy requires it to be kept enclosed in a secure garage.
What’s the deductible for Grundy Insurance?
In most states, Grundy doesn’t require a deductible. To stay under coverage, all vehicles must be at least 25 years old, your collector car has to be used for pleasure driving and kept in an enclosed garage when not in use, and you need to have a separate vehicle you use daily.
Will Grundy Insurance cover a rental car?
Grundy has trip interruption up to $600, towing and labor up to $250, and uninterrupted coverage during repairs when your car is in the shop. When you combine all your vehicles into one policy, you become part of the Motor Vehicle Program (MVP), which comes with a transportation expense that reimburses you for renting a vehicle during repairs with no per-day limit.
How We Rate Auto Insurers
Our review team extensively researches auto insurance providers to deliver informed and unbiased assessments of leading companies. We evaluate several key rating factors that are important to consumers to determine which providers are the best in the industry:
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Availability: Insurance companies that offer wider availability to consumers in terms of state availability and few eligibility requirements are more likely to meet consumer needs.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Pricing: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer a smooth experience.
- Technology: Providers with an online quote tool, easy-to-use claims app and a usage-based insurance app score best in this category.
*Data accurate at time of publication.