Leyland wants pictures.

 

Hagerty with agreed value.

 

I've looked at their web page and did not see car insurance for some reason.

 

Let's see, GEICO. They are known to drop people after first accident. They are known not to write policies to driver's with one accident in the last 6 years. They are known to buy radar guns they supply to police departments. They are known for a lot of very crappy things that I would rather stay away from.

Massachusetts is funny. Up until 2007 the state regulated insurance costs and there were _very_ limited number of insurance companies underwriting the cars in this state. Those who lived here in 1988 remember the cute _retroactive_ increase in policy costs for 1987 that all drivers here had to pay. How neat is that? Now that it's much more open, they all swooped in and for a while offered good rates and decent service. This June was my 7th semiannual renewal with Progressive and more than likely the last one. Shame, they were nice when they wanted to be.

 

It is under Private Client Insurance...

http://www.chartisinsurance.com/US-p...95_182870.html

 

Thanks, DC! I'll look at this closer.

 

Grundy agreed value no commuting only pleasure drives they even increase the value at renewal with option for you to choose $37,400 for 716.00

 

+1 with Grundy agreed value, approx. $1000 a year for $72,000 agreed value.

 

Yesterday I asked what the market value of my Riv Blue cab is, and consensus is $46k.

I asked for a couple reasons:
1. Its getting that time living here in Colorado, kids are going back to school in a few weeks, and marks the end of summer. What to do, sell or storage decision tree.

2. If I store it and keep it another year of fun I need to ensure its adequately covered insurance wise.
I feel I'm chancing it now everytime I drive it. I fear if I do get in a accident, I'll get hosed.

I did pay $45k for the car last year but I have no idea what I would get if totaled? Yes, I have Geico and read Mike's opinion on that. Good to know that feedback.

Can someone tell me what their experience was in this situation? Maybe your a car insurance expert? How do I find out what I would receive if car totaled? I appreciate the insight.

 

My personal experience is that I don't worry too much about the value of the car. I bought it to drive it, not to worry what would happen if I had an accident. I have Geico and they've been great to me over the years.

 

I understand that perspective I have followed that some logic up to this point. However, I have near $125k worth of 993s and would prefer to know my options to protect my investment and drive care free in the future.

 

4 kids and college costs will do that to you

 

See, as long as you look at your cars as "investments" you won't drive them care free. Even if you had an agreed value policy. What happens when you hit your "$45K cab" and after it's fixed you still get dinged with a "moderate damage" on the Carfax report? It turns into a car with "stories" and any potential buyer would want $5-10K off what you think is worth.

 

That's a good point, I'm going to take a hit one way or another.

Up to this point, say 5 minutes ago I have been driving carefree. However, I've never in 43 years been in an accident so I'm pretty uninformed on how the process all works. When these threads get posted, I skim them but do think I'm not being financially savvy by at least learning more on ends and outs. I plan on adding my cars as the years go so can't hurt to be at least brought into the light.

 

And I don't see these cars as investments, pure hobby at this point.