johnnyC4S

I had my car in to see Bob Grigsby yesterday and he asked me how much I had my car insured for. I had not given it much thought as I have what I believe was appropriate for liability etc. He said he gets lots of inquiries by folks looking for 993's and in particular the wide body.

He said, given how the value of our cars are increasing I should call my insurance company and make sure I have it insured for at least $40k. I could argue that is more than it is worth - but you get the point. Banish the thought of an accident (of course caused bu someone else) where the car is totaled... are we insured for the correct value?

GEICO said they do not have a policy like this unless the vehicle meets their antique category... I think she said 25 years +.

She suggested I contact a broker who could find such a policy.

Before I go any further I wanted to reach out to you guys to see what others are doing.

Thanks...

marin77

Geico - standard insurance value

mppickett

Hagerty's or Travelers. Hagerty's has the best options for actual value and no deductibles (for a price), Travelers gives unlimited mileage with a low deductible and a semi-actual value (has to be negotiated at time of accident) custom policy. If money wasn't an issue, mileage was under 2500/year, and hassle value was high, I'd go with Hagerty's.

DC from Cape Cod

Chartis - $57K coverage, massive liability, no depreciation, $650 year in MASS

nile13

I'm having a shouting match with Progressive who's been my insurer for the past 4 years. There are several reasons, one of which is that just completely re-written their discount policy for MA (no more mileage discount, no more security discount, for example, and all was done silently and without any explanation, of course. Hello, Flo, the ho!). The cost has just increased (again) by about 20%. Of the two cars on the policy the 993 works out to about $600 a year now. This is a simple coverage for replacement value, not $57K. $1K deductibles, too. DC, who's Chartis?

Where are all the people who wrote letters to KBB that made them all warm and fuzzy?

PS. People who use GEICO as their insurance company simply perplex me.

solomonschris

Get a quote from Grundy. I had a claim and they were terrific! This was for agreed value, unlimited mileage, zero track...not even DE on my tt.

levtron

I use Geico... Had an accident last year.. They paid the entire amount (Almost $16k), no questions asked. My premium did go up, to about $600.

They told me that they figure value by average cost of my car within 100 miles of my home, and not just KBB/NADA pricing. If the cost is less then average, then they will pay to fix, if its more then they total it. When I got into my accident, both air-bags deployed, because I got grazed on the drivers side, where one of the sensors is buried.

The agent told me that the car was most likely totaled. Being a 96, the airbags are probably worth more alone then the car. When I pointed out to him what kind of car it was (apparently he called before doing his homework), all he said was, "ahh, Never mind, be there in the AM".

So I, personally have had a great experience with Geico. But thats just me.

What am I missing?

DC from Cape Cod

Chartis is a division of AIG insurance.

crw

I recently switched to Leyland West:

agreed value $55K

500 deductible

6000 miles a year, communting allowed

$670/year

Hagerty was 41,040/year with a very restrictive policy

State Farm would not srite an agreed value policy

Porschen993

Agree with LEVTRON. I have Geico and had a total loss last year. They paid me 35k for the car. (911C2-96 with 68kmiles).
The only thing was the upgrades that they did not pay for as I had no receipt which prooved that I actually had this paid for. I had the invoice, but unlucky enough, not the actual "paid no due value" proof. GRRRRRR.. Lost 4k there.
They offered me a buy back for 15k, with salvage title, no go for me. Then, it shows up in the dismantler marked as a "easy project with clear title". How did that happend?

Mark in Baltimore

It went through a state that "washed" the title.

Shtootgart

buyer beware ! would an incident like that show up on a carfax?

EMBPilot

when i asked my insurance company (NJM) about "agreed value" they said i would have to bring the car to an appraiser, third party... anyone heard of doing this?

i'm not sure i like the sound of that. It seems like with Leyland you just tell them the value and your done with it. laylands quote was $300 a year cheaper than my current policy.

johnnyC4S

This is way better than asking a broker... great info so far.

DC from Cape Cod

Chartis wants an appraisal - it was easy and well worth the $300 and I got $57K worth of coverage that does not decrease AND no limitations whatsoever.