Hey all, I made a dream come true this week and purchased a nice C4S out of Oregon via Cars&Bids. I bought this car to use a year-round daily driver. I also intend to road trip it a decent amount. Thus, Hagerty will not cover the car due to mileage restrictions. I want to make sure I can get this car covered at real market values. I don't want to deal with getting hosed by an insurance company saying, "well, KBB says this car is worth $26k, take it or leave it. Those of you who rack up the miles on your Porsches, how is it insured?

 

Ooooh that nice silver one? Was watching that. Very clean car.

Unfortunately I don't have any good insurance advice, but congrats on an awesome C4S.

 

Try Leland west but it will much higher then most cars because of part/labor costs

 

https://www.porscheautoinsurance.com once they are available in your state.

Also can consider Chubb, Cincinnati, etc.

One thing to keep in mind is that in theory, the insurance company is supposed to make you whole at the end of the transaction. So if you cannot replace your car for around what they're offering, then you need to show them the comparable cars and what they're going for. I'm not saying this is how it works in reality, but it's how it should work, even with a standard carrier without agreed value. It gets difficult on something like a 996TT because explaining that a manual transmission car brings a premium over a Tip, a couple brings a premium over a cab, someone that has an X51 car is worth more, certain colors are worth more, etc. These are the situations where agreed value is great.

 

My 996 and Spyder are both insured with Porsche.

 

That's the one, and thank you!

Just got an online quote from Leland West, and I was surprised to see a number lower than my quote with Progressive, and with better coverage and agreed upon value at $39k!

 

I looked at Leland West and things are not too clear. https://www.lelandwest.com/eligibility/ They require you park the car in a locked garage and the language doesn't seem to allow for unlimited miles. If anyone insures with them and is able to do as many as 10k miles annually without jumping thorough too many hoops I'd love to hear more!

 

I have two 911 4s covered with Hagerty's agreed upon value insurance and I have no mileage restrictions. They did require that I show proof of insurance on another car available for me to drive even though I put more annual miles on each of the Porsches compared to my Volt. Approx $1500/yr. (In NJ that's a bargain!!)

 

I repeat here - You are looking for an "agreed upon value" policy. I use Hagerty for my MY2000 911 C2 and although I have never had a claim, I enjoy dealing with them. Lots of benefits.

 

From an ex insurance salesman, me...

ALL of the mainstream insurance companies are out to make money and will treat you like crap come "car is totaled" time.

That said, there are a few that don't treat you like crap.

Porsche insurance is best if available in your state, USAA is second best if you qualify, the other "big ones" are very similar.

Bottom line, you get what you pay for! Go cheap, and come claim time they treat you like crap.

 

Op has already stated that hagerty wont insure him.


My state farm agent will write a agreed upon policy with an inspection by a certified shop. I have been using On Track insurance for hdpe days. Maybe they will write the policy.

 

What state are you in? I called state farm about 5 months ago and got a quote. They wanted to charge me an arm and a leg for full coverage because in Sept 2018 I ran over a brick in the road that caused about $3K in damage. Said so long and didn't look back...I'm still with USAA, have been for over 40 years...

 

Delaware

Had i served i would be with USAA too.

 

FWIW, Don't use them but I understand Liberty has agreed upon value of some sorts. Not certain what/how it works with a daily driver.

 

not to hijack but can you settle an argument for me? If you have an agreed value policy, say $100k or something ridiculous on a 996 and it's totaled. Is the insurance company obligated to pay out $100k or can they replace with a similar condition 996?