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Geico will not renew my GT2 insurance!

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Old 09-19-2013, 02:37 PM
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bassam
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Default Geico will not renew my GT2 insurance!

12 years with them and not ONE single claim filed. Here's the letter:
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Old 09-19-2013, 03:13 PM
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himself
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Sell the car. Problem solved! [j/k]

Or F Geico. That's what I did.

-td
Old 09-19-2013, 05:46 PM
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Vonschmidt
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No loss as far as im concerned

We had a similar issue and it was actually a godsend the rate im now paying is half of standard insurance. We use a specialty collectors car insurance policy for the GT2 it has unlimited mileage but requires it be garaged (Like we leave them out) garage must be locked (ah) and drivers must be disclosed. finally you cant drive it for work (not sure =who would but..) carrier is

LELAND WEST PHONE 800.237.4722

Rate in Texas full coverage stated value in excess of 70 is less than 2k a year. Way less.

Last edited by Vonschmidt; 09-20-2013 at 12:06 AM.
Old 09-19-2013, 06:20 PM
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Cuda911
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Just be like 90% of the others here in Southern California and don't buy insurance!
Old 09-19-2013, 08:57 PM
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Gofishracing
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I could help you if you were in NJ. Check Met Life in your state.
Old 09-19-2013, 09:49 PM
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C2 Turbo
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Geico and Progressive are two worst auto insurance companies out there and ask any high end body shop if you don't believe me.

I would dump Geico in a heart beat and would also move other policies from this ****ty company too
Old 09-19-2013, 09:58 PM
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bassam
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Thanks for all the comments. I will check with the companies mentioned here and will not renew any policy with Geico. Guess the Gt2 got dropped because of a pre existing condition: hyperfast with hypo-electronics
Old 09-19-2013, 11:14 PM
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sonny1
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Amazing, them doing that, specially with your record with them.GLWT!!!cheers.
PS/ Met and West are excellent alternatives.
Old 09-20-2013, 03:00 PM
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jakermc
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They must have seen your video footage of you tailgating me
Old 09-20-2013, 04:03 PM
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bassam
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Originally Posted by jakermc
They must have seen your video footage of you tailgating me
The good old days! You threw a bumper cover at me to keep me behind
Old 09-20-2013, 04:44 PM
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lakid042
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AIG covers all of our cars on an 'agreed value' basis (even the nannymobile). Whenever I "upgrade" a car, I send them the receipt for the work and they increase the agreed value by that amount for the appropriate premium charge.

Avoids any headaches; especially given the vast majority of insurers will look at blue book and not include the value of mods in the event of a loss. As an example, my last roommate had $40K into the motor of his 911 Turbo and when it was stolen, they only paid him the blue book value on the car. Forced him into personal bankruptcy
Old 09-21-2013, 10:52 AM
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sithot
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These companies are in the business of making money.

Yours was a business decision. Having worked in the industry for many years you are subject to the work of actuaries, underwriters and accountants who make the decisions based on loss ratios and/or potential for loss.


A lot of them can be difficult to deal with in the event of an accident. Many insurance companies have put together networks of body shops that are "theirs". Virginia has a law against "steering" so people can still choose their own shop. That doesn't make it easier as they still like to play hardball on "time/materials".
Most independent body shops that do quality work cannot compete with the assembly line shops that imho generally turn out less quality work.

As for insurance if you can qualify for a collector policy the monies saved is substantial.
Old 09-21-2013, 01:44 PM
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jakermc
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Originally Posted by bassam
The good old days! You threw a bumper cover at me to keep me behind

Whatever it takes to stay in front! But let's not exaggerate, it was only 1/2 a bumper that I threw at you. I was saving the other half for the next race.

I do miss those battles!
Old 09-21-2013, 10:19 PM
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Larry Cable
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try Haggerty insurance they insure classic cars etc, I use them to insure my 2010 GT3
Old 09-22-2013, 11:14 AM
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tgavem
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I use Travelers, policy does not have restriction for track either.


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