Insurance Company?
#6
Thanks. I've got calls into the State Farm agent I've been quoted from before and the local Chubb agency. MetLife is going to be about $3000/year and I have a clean record, over 25, etc. Seems like a lot.
#7
That does seem quite high. I pay around $1300-$1400/year. I am 38 and live in Chicago for comparison.
Adam
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#8
MetLife must be unrealistic right now b/c I did a quote comparison for 4 cars I have with them and Liberty Mutual saves me almost $3000/year. I changing for sure but want them all to be together and LM doesn't write for Aston. GMAC Insurance sent me something b/c of the Saab I own so I'll check them too.
#10
wow thats dirty cheap, we pay about that much for my M3, its under my fathers name 57 yr. old w/ 5 vehicles on insurance.
#11
Id go with Chubb if i were you - they specialize in the high-end home/car/items market. I also use a compay called Westfield Insurance (out of Ohio) for many of my clients high-end vehicle needs (Ferrari, AM, Bentley, etc)
Good Luck...and remember to ASK for a 'true' Agreed Value policy.
Good Luck...and remember to ASK for a 'true' Agreed Value policy.
#12
Id go with Chubb if i were you - they specialize in the high-end home/car/items market. I also use a compay called Westfield Insurance (out of Ohio) for many of my clients high-end vehicle needs (Ferrari, AM, Bentley, etc)
Good Luck...and remember to ASK for a 'true' Agreed Value policy.
Good Luck...and remember to ASK for a 'true' Agreed Value policy.
TIA,
Adam
#13
Not all carriers have this. An Agreed Value policy is when the vehicle in question is rated based upon a value (dollar amount) that YOU the insured dictate to the company. You then "agree" on the value and premium (usually costs a little more for this coverage) and in the event of a total loss/theft you get that EXACT amount.
Why is this important?
Well, for high-end cars (Porsche, AM, Ferrari, etc) the value of a specific vehicle can very GREATLY from one to the next. For example, a Porsche 993.....say a 1996 car. Some places you might be able to get one that is all beat up and has lots of miles/no options for VERY cheap (like 19k or something like that) - and then another 1996 car might be worth over $40 Grand due to the up-keep, miles, mods, options, etc.
I hope this makes sense....if you want more info feel free to PM me.
#14
Adam,
Not all carriers have this. An Agreed Value policy is when the vehicle in question is rated based upon a value (dollar amount) that YOU the insured dictate to the company. You then "agree" on the value and premium (usually costs a little more for this coverage) and in the event of a total loss/theft you get that EXACT amount.
Why is this important?
Well, for high-end cars (Porsche, AM, Ferrari, etc) the value of a specific vehicle can very GREATLY from one to the next. For example, a Porsche 993.....say a 1996 car. Some places you might be able to get one that is all beat up and has lots of miles/no options for VERY cheap (like 19k or something like that) - and then another 1996 car might be worth over $40 Grand due to the up-keep, miles, mods, options, etc.
I hope this makes sense....if you want more info feel free to PM me.
Not all carriers have this. An Agreed Value policy is when the vehicle in question is rated based upon a value (dollar amount) that YOU the insured dictate to the company. You then "agree" on the value and premium (usually costs a little more for this coverage) and in the event of a total loss/theft you get that EXACT amount.
Why is this important?
Well, for high-end cars (Porsche, AM, Ferrari, etc) the value of a specific vehicle can very GREATLY from one to the next. For example, a Porsche 993.....say a 1996 car. Some places you might be able to get one that is all beat up and has lots of miles/no options for VERY cheap (like 19k or something like that) - and then another 1996 car might be worth over $40 Grand due to the up-keep, miles, mods, options, etc.
I hope this makes sense....if you want more info feel free to PM me.
Awesome Information and wonderful explanation! I had no idea this existed but it really makes a ton of sense. I actually had this issue come up on a car I had that was a total loss about 15 years ago. It cost me about $10k, a lot to me back then. I am going to all my State Farm agent and discuss this. Thanks for the detailed info. I love this board!
Regards,
Adam
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