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Insurance for CGT - Any Suggestions?

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Old 05-28-2015, 12:54 PM
  #16  
W8MM
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Originally Posted by CGT000
Thank you for sharing. I recently increased the agreed value of my red one to $800,000 with a premium of $5300. Looks like I am being ripped off
No, the premium quoted upthread is way old - like 10 years ago.

With the increase to $850K agreed value, my new premium is $4,108/yr with a 4K-miles/yr limitation on use. It's an "Exhibition Auto" classification that anticipates use in shows, club events, etc., including travel to and from events.
Old 05-28-2015, 02:46 PM
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CGT000
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Originally Posted by W8MM
No, the premium quoted upthread is way old - like 10 years ago.

With the increase to $850K agreed value, my new premium is $4,108/yr with a 4K-miles/yr limitation on use. It's an "Exhibition Auto" classification that anticipates use in shows, club events, etc., including travel to and from events.
Thank you for clarifying.
Old 05-28-2015, 03:33 PM
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nuvolari612
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CGT is 2302.00 per year.

Value - market comparable

Low mileage classification - 7500 per year

Deductible 1,000.00

W8MM - it's my understanding you are required to log and be able to prove the car was going or leaving an event.
Old 05-28-2015, 05:42 PM
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Originally Posted by nuvolari612
W8MM - it's my understanding you are required to log and be able to prove the car was going or leaving an event.
I haven't had a claim on any of the sundry cars in my "Exhibition Auto" fleet, yet. Even so, I'm not aware of such a requirement. I should probably ask.
Old 05-28-2015, 07:48 PM
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Originally Posted by W8MM
I haven't had a claim on any of the sundry cars in my "Exhibition Auto" fleet, yet. Even so, I'm not aware of such a requirement. I should probably ask.
That was the requirement under State Farm - plus my son likes to sneak out a toy every once in awhile.

For those reasons I opted to the 7500 mile policy - maybe it's time to take the CGT cross country and get my moneys worth.
Old 05-28-2015, 09:56 PM
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rickyn f355
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chartis (AIG) has the best rates/coverage for these types of cars
Old 06-05-2015, 04:35 PM
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Originally Posted by rickyn f355
chartis (AIG) has the best rates/coverage for these types of cars
I think it depends....
Like nuvolari, I have State Farm for 5 cars (CGT, 16M, AM V12VS, Bentley FS and Escalade) and I pay around $7500/yr. (clean record - well just recently got a ticket).
I asked AIG for a quote for just my CGT and 16M and it was $7500 for just those 2 cars....

However, I will say, I need to increase stated value on my CGT since its been over a year and the market has changed.



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