Insurance Question
Thread Starter
Race Director
Joined: Oct 1999
Posts: 13,298
Likes: 14
From: Somers NY
Insurance Question
Maybe I can get some advice... I have an 05 that I only drive occasionally in the winter.. but in the summer almost every weekend..
I also have a DD (2003 Caviler) on my Vette I have $500 deductible, and on the Caviler I have $1000 deductible...
I was talking to a neighbor who works in a body shop.. and he said I'm wrong & should have 500 on the Cavilier & $1000 deductible on the Vette... His reasoning...
If I hit a tree with my Caviler and did (example $2000 damage) I'd have to lay out $1000 and the body shop cant hide much and claim 2200 so I'd only pay $800
But with the Vette if I did $3000 damage it would be very easy for a body shop to estimate it at $3500..
How much deductible do you guys carry on your Vette... ?
I also have a DD (2003 Caviler) on my Vette I have $500 deductible, and on the Caviler I have $1000 deductible...
I was talking to a neighbor who works in a body shop.. and he said I'm wrong & should have 500 on the Cavilier & $1000 deductible on the Vette... His reasoning...
If I hit a tree with my Caviler and did (example $2000 damage) I'd have to lay out $1000 and the body shop cant hide much and claim 2200 so I'd only pay $800
But with the Vette if I did $3000 damage it would be very easy for a body shop to estimate it at $3500..
How much deductible do you guys carry on your Vette... ?
Le Mans Master
Joined: Feb 2008
Posts: 8,515
Likes: 255
From: Rochester New York
Maybe I can get some advice... I have an 05 that I only drive occasionally in the winter.. but in the summer almost every weekend..
I also have a DD (2003 Caviler) on my Vette I have $500 deductible, and on the Caviler I have $1000 deductible...
I was talking to a neighbor who works in a body shop.. and he said I'm wrong & should have 500 on the Cavilier & $1000 deductible on the Vette... His reasoning...
If I hit a tree with my Caviler and did (example $2000 damage) I'd have to lay out $1000 and the body shop cant hide much and claim 2200 so I'd only pay $800
But with the Vette if I did $3000 damage it would be very easy for a body shop to estimate it at $3500..
How much deductible do you guys carry on your Vette... ?
I also have a DD (2003 Caviler) on my Vette I have $500 deductible, and on the Caviler I have $1000 deductible...
I was talking to a neighbor who works in a body shop.. and he said I'm wrong & should have 500 on the Cavilier & $1000 deductible on the Vette... His reasoning...
If I hit a tree with my Caviler and did (example $2000 damage) I'd have to lay out $1000 and the body shop cant hide much and claim 2200 so I'd only pay $800
But with the Vette if I did $3000 damage it would be very easy for a body shop to estimate it at $3500..
How much deductible do you guys carry on your Vette... ?
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Intermediate
Joined: Oct 2005
Posts: 27
Likes: 0
From: KNOXVILLE TN
I raised the ded on everthing I had last year home cars and bike I did the math and if I do not have any problems for 5 years I will save money I went to 1000 on my wifes car 2000 on my corvette (I have a company car as my daily driver) and raised my home to 2500. So ask your ins company to give you the prices on diferant ded and see how long it will take to have saved money if you do run into a problem if you look at the big picture with all that you have ins you may find that it is worth the risk with the higher ded on everything for that matter put the extra money in a sep acount just in case you have a problem.
Race Director
Joined: Oct 2004
Posts: 10,089
Likes: 14
I raised the ded on everthing I had last year home cars and bike I did the math and if I do not have any problems for 5 years I will save money I went to 1000 on my wifes car 2000 on my corvette (I have a company car as my daily driver) and raised my home to 2500. So ask your ins company to give you the prices on diferant ded and see how long it will take to have saved money if you do run into a problem if you look at the big picture with all that you have ins you may find that it is worth the risk with the higher ded on everything for that matter put the extra money in a sep acount just in case you have a problem.
Race Director
Joined: Oct 2004
Posts: 10,089
Likes: 14
Insurance fraud is a serious crime that hurts all of us. It should be reported and vigorously prosecuted whenever it is found.
Pro
Joined: May 2008
Posts: 577
Likes: 2
From: Downriver MI
I raised the ded on everthing I had last year home cars and bike I did the math and if I do not have any problems for 5 years I will save money I went to 1000 on my wifes car 2000 on my corvette (I have a company car as my daily driver) and raised my home to 2500. So ask your ins company to give you the prices on diferant ded and see how long it will take to have saved money if you do run into a problem if you look at the big picture with all that you have ins you may find that it is worth the risk with the higher ded on everything for that matter put the extra money in a sep acount just in case you have a problem.
Advanced
Joined: Aug 2008
Posts: 94
Likes: 0
From: Northern Va
I have $100 deductible on all 3 of my cars. My premium for the Vette as a daily driver is $390/6 months with high coverages. I dont think anyone offers $100 ded anymore. I also have home and Umbrella policy with them. I've been with this company for 25 years, no points, no tickets, 1 accident 24 years ago. They LOVE me.