Decission Time... I need your help
Elite Torch Red Member
Joined: Sep 1999
Posts: 57,805
Likes: 23
From: Exit 89 GSP,Lakewood,NJ The Land Of Mojo
Cental/South NJ Events Coordinator
CI 1-2-3-4-5-6-7-8-9-10-11-12 Vet
CI-II Burnout & Drag Champ
St. Jude Donor '03-'04-'05-'06-'07
I'm in the same boat, for both vettes and my truck, I'm paying around $3700, my truck and one vette have comp/coll, but I'm about to drop the comp/coll on the other vette, that will only save me $600, but if I invest it wisely, I'll make out better.
Besides if I wreck my own car(collision) it's my own damn fault and why have the insurance company pay and then raise my rates?
If someone steals or vandalizes my car, well I won't need insurance because I will kill the person responsible and in prison you can't drive.
Also, I have a lot of friends and connections, so I can have my cars repaired relatively cheap.
I am seriously considering Hagerty or Grundy since I have the two vettes and I think that may constitute a collection which makes me eligible, just got to find a way to disquise the race car.
Besides if I wreck my own car(collision) it's my own damn fault and why have the insurance company pay and then raise my rates?
If someone steals or vandalizes my car, well I won't need insurance because I will kill the person responsible and in prison you can't drive.
Also, I have a lot of friends and connections, so I can have my cars repaired relatively cheap.
I am seriously considering Hagerty or Grundy since I have the two vettes and I think that may constitute a collection which makes me eligible, just got to find a way to disquise the race car.
Le Mans Master
Joined: Dec 2002
Posts: 6,715
Likes: 2
From: Santa Teresa New Mexico
Wow $1,200 year per car? Sounds like Los Angeles, Newark NJ, Camden Nj, all have high auto theft rates.
Move to the boonies and your rates will go down.
We pay for what everybody else does its the American way punish the honest folks for what the criminals do. The crooks can't/wont pay so we do.
Move to the boonies and your rates will go down.
We pay for what everybody else does its the American way punish the honest folks for what the criminals do. The crooks can't/wont pay so we do.
Melting Slicks
Joined: Apr 1999
Posts: 2,521
Likes: 4
From: Windham, NH
Originally Posted by Mr Mojo
I am seriously considering Hagerty or Grundy since I have the two vettes and I think that may constitute a collection which makes me eligible, just got to find a way to disquise the race car.
Don't even THINK of the words "race car" when talking to Hagerty or Grundy!!! They won't insure you if they hear that you EVER raced the car.
Thread Starter
Burning Brakes
Joined: Oct 2004
Posts: 1,094
Likes: 0
From: West Palm Beach Florida
Originally Posted by redwing76
Wow $1,200 year per car? Sounds like Los Angeles, Newark NJ, Camden Nj, all have high auto theft rates.
Move to the boonies and your rates will go down.
Move to the boonies and your rates will go down.
Team Owner
Joined: Aug 2000
Posts: 40,156
Likes: 45
From: San Pedro CA
Originally Posted by Justardnck
I already live in the boonies... just outside of West Palm Beach. I also have the car listed as pleasure use only. I am pretty sure I am going to drop the full coverage on the car and take my chances.
You are getting screwed by these people. And badly. They are zinging you for the sins of others. That is beyond insane.
Check with Hagarty and a few other of the "specialty" car insurers. Do you have a garage? That will help a lot with them. They sometimes limit your mileage, to say 5000/year, do you drive more?
I would not lower coverage, that's asking for problems, you have too many uninsured drivers in SoFL as it is (foreign nationals and such) that it makes you a sitting duck for disaster.
Here in LA, auto insurance is MUCH cheaper than your paying - a hell of a lot cheaper.
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Thread Starter
Burning Brakes
Joined: Oct 2004
Posts: 1,094
Likes: 0
From: West Palm Beach Florida
Originally Posted by deiaggie
look at Sneed insurance...is your vette garaged and not your primary car?
YEP... I have a 2 story 16 car detached shop and a 2 car atached garage. and the vette is not my primary vehicle.
Le Mans Master
Joined: Apr 2003
Posts: 6,059
Likes: 2
From: Texas
http://www.sneedcompanies.com/collectible.htm
then you should meet all the requirements for it...i would get it and buy a beater but i am not 25
then you should meet all the requirements for it...i would get it and buy a beater but i am not 25
Team Owner
Joined: Apr 2004
Posts: 36,040
Likes: 4
From: All great change begins at the dinner table Ronald Reagan
Originally Posted by Justardnck
I recieved my auto insurance bill today... now my back hurts after I flipped my chair over. I have 3 vehicles on the policy and I have a spotless driving record.
I need both of my pickups because they are work trucks and make all the money. I will not get rid of the vette but I may need to lower the coverage.
This years bill is... $4097.00 per year If I pay them all at once it will drop to $3609.00 for the year
I have full coverage on my 2003 GMC which I need (financed)
I have just Comp on my 1989 GMC (min coverage)
I have comp and collision on the vette.
If I drop the full coverage on the vette and make it comp only I will drop the price down to $3112.00 per year if paid in full. If I drop the full coverage on the vette I lose theft coverage as well. What do you guys think?
Normally if something happens to the car other than major I prob would not report it and fix it myself. On the other hand what happens if the car is stolen? How often do you guy hear of an aerage C4 getting stolen.
What do you guys think? What would you do?
I need both of my pickups because they are work trucks and make all the money. I will not get rid of the vette but I may need to lower the coverage.
This years bill is... $4097.00 per year If I pay them all at once it will drop to $3609.00 for the year
I have full coverage on my 2003 GMC which I need (financed)
I have just Comp on my 1989 GMC (min coverage)
I have comp and collision on the vette.
If I drop the full coverage on the vette and make it comp only I will drop the price down to $3112.00 per year if paid in full. If I drop the full coverage on the vette I lose theft coverage as well. What do you guys think?
Normally if something happens to the car other than major I prob would not report it and fix it myself. On the other hand what happens if the car is stolen? How often do you guy hear of an aerage C4 getting stolen.
What do you guys think? What would you do?
Thread Starter
Burning Brakes
Joined: Oct 2004
Posts: 1,094
Likes: 0
From: West Palm Beach Florida
Originally Posted by redvtt
What is your deductible? You can increase that to $500 to $1000, that'll take a chomp out of the total.
Its at $500.00 now... $1000 is alittle high I think.
Team Owner
Joined: Apr 2004
Posts: 36,040
Likes: 4
From: All great change begins at the dinner table Ronald Reagan
Originally Posted by Justardnck
Its at $500.00 now... $1000 is alittle high I think.
With 4 vehicles and a <1 year driver on my insurance, I pay $218.00 a mo. I have partial insurance on one because I'm painting it in a garage. That also includes insurance for the contents of my home and is thru an agent, which adds more. I have no good driver discount because of new driver. I'm covered up to $500,000 w/a $500 deductible. I was going to pay ~$300 mo. with less coverage and a $200 deductible. It does make a difference.
Thread Starter
Burning Brakes
Joined: Oct 2004
Posts: 1,094
Likes: 0
From: West Palm Beach Florida
Originally Posted by deiaggie
http://www.sneedcompanies.com/collectible.htm
then you should meet all the requirements for it...i would get it and buy a beater but i am not 25
then you should meet all the requirements for it...i would get it and buy a beater but i am not 25
Thanks man... Sneed is running the numbers and will get back to me on thursday.
Thread Starter
Burning Brakes
Joined: Oct 2004
Posts: 1,094
Likes: 0
From: West Palm Beach Florida
Originally Posted by redwing76
Cool, way cool 
You guys would love my shop... I had it built in Feb this year its 1800 square feet on the ground floor with 2 bath rooms and if I put the second floor in it could go to 3600 square feet. My house is only 1500 square feet
Burning Brakes
Joined: Aug 2004
Posts: 1,174
Likes: 125
From: Dunstable MA
St. Jude Donor '05
Have you considered taking a higher deductible on all the vehicles? You might be able to save some $ there, and only shell it back out if you have a claim. Have you found out what the insurance company values you vette at? If their value is lower than you think it should be, then you want to get an appraisal they will honor before anything happens. Lastly, do you have the right to appeal the insurance company's surcharge for the rear-ender? In Mass, those dastardly surcharges are assessed by a state-run board, they give you a chance to appeal, and I've seen surcharges removed more than once.