Insurance
05-05-2002, 10:33 PM
#1
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Insurance
Hello All,
I will be taking delivery of a new Turbo at the end of the month. Do any of you have any recomendations regarding insurance carriers that I should check out? I know that it won't be cheap, but I would be interested in any companies that would be reasonable with their rates. Any suggestions would be greatly appreciated.
Thanks for the help!
Bob
I will be taking delivery of a new Turbo at the end of the month. Do any of you have any recomendations regarding insurance carriers that I should check out? I know that it won't be cheap, but I would be interested in any companies that would be reasonable with their rates. Any suggestions would be greatly appreciated.
Thanks for the help!
Bob
05-06-2002, 11:41 AM
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I am 31 years old with a perfect driving record and my 02 TT gets a multiple vehicle discount. I was quoted over $4K with $1K deductable. I might be getting a bum deal. Does this sound high to anyone else? Maybe due to my age?
05-06-2002, 03:03 PM
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Thanks for the replies, Andreas and Truble.
I have been doing some "surfing" and have come up with a number of companies that insure exotic and classic cars. But, the annual mileage allowed is usually low (2500-5000)and since I hope to spend more than 5000 miles in the left seat, this will not work for me.
I did find a link to a local MI Insurance company and they quoted me $1151.82 (6 mos) with a $1000.00 deductable. The mileage "allowed" was 9000. I asked what would happen if you went over 9000 and he told me that it wouldn't matter as they didn't check odometers.
Also, I haven't done this yet but will be buying an umbrella policy that goes for about $200yr and provides a million dollar coverage. That seems cheap to me. Anyway, if anyone is interested, I will post what I find and finally end up buying.
Bob
I have been doing some "surfing" and have come up with a number of companies that insure exotic and classic cars. But, the annual mileage allowed is usually low (2500-5000)and since I hope to spend more than 5000 miles in the left seat, this will not work for me.
I did find a link to a local MI Insurance company and they quoted me $1151.82 (6 mos) with a $1000.00 deductable. The mileage "allowed" was 9000. I asked what would happen if you went over 9000 and he told me that it wouldn't matter as they didn't check odometers.
Also, I haven't done this yet but will be buying an umbrella policy that goes for about $200yr and provides a million dollar coverage. That seems cheap to me. Anyway, if anyone is interested, I will post what I find and finally end up buying.
Bob
05-06-2002, 03:34 PM
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Truble,
4K is high. I'm in Scottsdale, 37 years old and also have a multiple vehicle discount and clean record. My 02 TT is coming in July and Allstate quoted me $2200/year. I still plan to shop around and see if I can do better than that.
Phil
4K is high. I'm in Scottsdale, 37 years old and also have a multiple vehicle discount and clean record. My 02 TT is coming in July and Allstate quoted me $2200/year. I still plan to shop around and see if I can do better than that.
Phil
05-06-2002, 04:49 PM
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just for the record I am 37 and have a multiple car discount real multiple (26 vehicles at last count) and clean record . State Farm is $1,552.92 per year with 300 / 500 liability and $1,000.00 deductable. i too carry and umbrella for an additional $2,000,000.00 which is about $260.00 per 6/mo.
andreas
andreas
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05-06-2002, 10:25 PM
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Hi Andreas
Yes in cal its cheaper, as I found out moving to
NH. In cal it was about $1500 with Gieco and I lived in Sanjose a city, then moved and to NH
in the woods pop 5K smal town and Gieco wanted
$2800, So I went to Progressive ins for $1800.
You definetly have to shop around, and some simply dont want to insure the TTs. Also found out with progressive that anything over 150K goes to a SPECIAL underwriting department. hint.If less than 150K than you pay less.So I tried to expalin to Gieco, how could it be double when I went from a high crime 1million pop city to the woods of NH pop 5K and the insurance goes up 2X give me a break. Amazing , "well sir it says so right here on my paper, thats what you have to pay. Another test of common sense.Want to pay alot call Gieco.
Yes in cal its cheaper, as I found out moving to
NH. In cal it was about $1500 with Gieco and I lived in Sanjose a city, then moved and to NH
in the woods pop 5K smal town and Gieco wanted
$2800, So I went to Progressive ins for $1800.
You definetly have to shop around, and some simply dont want to insure the TTs. Also found out with progressive that anything over 150K goes to a SPECIAL underwriting department. hint.If less than 150K than you pay less.So I tried to expalin to Gieco, how could it be double when I went from a high crime 1million pop city to the woods of NH pop 5K and the insurance goes up 2X give me a break. Amazing , "well sir it says so right here on my paper, thats what you have to pay. Another test of common sense.Want to pay alot call Gieco.