JW1

$4882/year guaranteed value of $280K through Hagerty. 43 yo no accidents or tickets with over 25 years driving experience. Allstate wouldn't even underwrite a normal policy on the 2018 TTS for me. NY prices are a joke. TTS isn't even a DD for me.

PCA1983

There is a profitability trick that most insurance companies play, hoping you are not aware. I read about this in the Wall Street Journal. If you hang with an insurance company a while, they will start raising your rates, even if you have a great credit score and driving/accident records. They assume/hope you just stay, and keep on paying their ever higher rates. if they can get an extra $50 or $100, or whatever from you, that extra money flows right to their bottom line and makes them look like super execs. If you shop around and find lower rates, and you complain to them and threaten to switch insurers, they often find a way to reduce your rate. But they make a ton of extra money on those who simply and passively accept those rate increases, year after year. That's the way it is in the real world. You have to be proactive and be able to challenge them. Or you will be used...

FiveRiversGTS

This happened to me. I only discovered the reduced rate after reading this thread. I shopped around first, then called my original company Liberty Mutual and they reduced the rate immediately to nearly match the lowest rate. I also got the feeling in talking to the different companies that they know each other's rates.

Archimedes

Meh. Geico keeps lowering my rates. They did try to slip an ancilllary service in once, but I said no. My rates keep ticking down as I get older and my record stays clean.

Fünfer

That's exactly what happened to me. Allstate kept raising my rates. Instead of rewarding my loyalty they did the opposite. I cut my auto insurance cost in half by switching, while increasing my coverage. Lesson learned!!

Dan Nagy

Liberty Mutual did the same to me and on my last quote intended to rape me at $8,000/year. I now pay about $1200 through Geico.

CombatChuk

I haven't paid it yet since my 911 still has a few months before coming... But with Progressive, it's about 1500/6 months.

Being 33 with 5 tickets in the past 3 years sucks lol

Bud Taylor

Unfortunately your valuation is not in line with what folks are paying, I guess that is good news for you though. I went ahead and ran a search on cars.com (link below) and the closest car I can find to mine is at porsche of westwood for 74K but it is a cab (which has a lower resale value)

https://www.cars.com/for-sale/search...39723&zc=32312

Bud Taylor

From my state farm agent...
______________
Those calculators are not the determinant of value in the event of a loss. Your policy does have Actual Cash Value coverage, which means in the event of a loss State Farm will pay what the vehicle is worth at the time of loss. The value is determined by assessing and locating like kind vehicles for sale, then adding and subtracting value based on the condition, mileage and options your vehicle may have. Hope you are enjoying that ride!


PS. I found one with 22K miles listed for 79500.
__________
Licensed: FL

NMLS#L033585

Archimedes

Asking prices on cars.com or Crackhead's list are not actual sale prices...

Like I said, that number was probably low for your car, but not by as much as you might think.

Bud Taylor

My insurance agent used his source and cane back with 74k for a car wit much higher milage. If you are a stealer wholesale is not what insurance reimburses for. If you have other real day to offer great let's see it otherwise your comments don't really mean anything. I have been watching the market for over a year.

support yo

Yojeffo

Philly 74 YO no points.. no accidents... no nothin' but pay 3600/year to USAA 2018 C4S CAB.
Actually never paid, no pun intended, no attention until I read this thread.

Archimedes

As have I, and buying and selling Porsches, and watching friends buy and sell Porsches, including 911s. I have a very nice 2014 C2S with about $125k build, 8k miles on it, and there's no way I would get more than $75k for it today. Don't care, because I never intend to sell it, but if I did, it's probably a $70,000 car today. On a good day. Of course, if you're lucky some rube might come along, but the reality is, these cars drop like rocks during the first 3-5 years of life. Brand new, 2.5 years ago, I only paid $96k for it (it was one year old from production - no miles). So it had depreciated about 25% in the first year alone, without even being driven.

Back on topic, I'm stunned at what some people on this thread are paying for insurance.

StudGarden

About $450 every 6. Midwest, State Farm.

trayvon

And I am sitting here going WTF... I am driving a freaking civic and paying $120 a month. Maybe cause I'm a 24 year old kid? But still, no accidents... Something is wrong here