Insurance Wtf

[stykthyn]

Kind of an off topic rant but my company has raised my rates yet again due to where I choose to live. The mustang which I declare drives 50 miles a month if that as it rarely sees actual road time is 50 a month and that is just for liability. My other vehicles run just a tad more. All in all my rates have increased 60 dollars a month over the last year and a half regardless of a clean driving record. Anyone else having to put up with this?

 

[Dan02gt]

Was screwed by State Farm a year ago or so. Doubled the rate on my wife's car because of a minor parking lot incident I was in driving a company vehicle. I kicked them to the curve for everything because of that. House, auto, boat, personal property, umbrella, and life. Pulled it all and couldn't be happier.

On a side note do you not have classics insurance on your fox? I have $15k on mine and it costs $180 per year.

 

[stykthyn]

Until now it wasn't needed, but they offer classic insurance through another company. I am calling them tomorrow for an agreed value quote.

 

[General karthief]

Insurance costs have risen this past year, my commercial policy jumped 30%, sucks, I ain't done nothin wrong.

 

[NIKwoaC]

I finally was approved for a Hagerty policy about a year ago and they have been amazing. It's pretty affordable for what it is and the customer service is second to none. My insurance agent sent me pictures of him and his wife with his two project Mustangs the week I signed up, like we had been buddies for years.

I dunno if it will save you any money over your current situation, but it's worth looking into.

 

[95BlueStallion]

I dont have insurance on my car yet, since its under construction. I think I will look into the classic car insurance though, now that you reminded me.

 

[revhead347]

I finally was approved for a Hagerty policy about a year ago and they have been amazing. It's pretty affordable for what it is and the customer service is second to none. My insurance agent sent me pictures of him and his wife with his two project Mustangs the week I signed up, like we had been buddies for years.

I dunno if it will save you any money over your current situation, but it's worth looking into.

I used to be with Hagerty. I got a better deal with Infinity Insurance. They don't care if I take the car to the track either. Worth a phone call.

Kurt

 

[a91what]

This is what I need to do... damn mustang cost is just under what my truck is! How does a 91 mustang cost as much as a 16 f150? Don't make no sense .....

Classic car insurance I need to text that to myself

 

[Steel1]

I also have classic insurance through Hagerty $200 a year on my 93GT.
I've read on some forums that Grundy can be even cheaper.

 

[NIKwoaC]

I used to be with Hagerty. I got a better deal with Infinity Insurance. They don't care if I take the car to the track either. Worth a phone call.

Kurt

As I understand it, the plan I am on is a new program- no mileage restrictions, and you can race the car, you just aren't covered while on the track. IIRC the only requirements are that the car is garaged at night and you have a different "primary use" vehicle.

 

[Real time recon]

I also have classic insurance through Hagerty $200 a year on my 93GT.
I've read on some forums that Grundy can be even cheaper.

Just got the renewal bill for the Cobra from Grundy World Wide ......Full year,full coverage and

agreed replacement value ....$253.00 Hasn't gone up or down.

 

[Real time recon]

But, I have the feeling ALL insurance Policies (home & Auto.) Will be going up .To recoup from all these massive hurricanes.

 

[Mustang5L5]

My hagerty premium stayed the same this year as it was last year. I just renewed it. $300/year for $10K guaranteed value.

Regular insurance was just too much money. If the car was a DD, it would be cheaper to buy a beater and insure that than pay the $1800/year I was quoted under regular insurance.

 

[RangerJoe]

But, I have the feeling ALL insurance Policies (home & Auto.) Will be going up .To recoup from all these massive hurricanes.

My home insurance has been going up regularly. I was told it was due to all the tornadoes and hail damage in the southeast over the past few years. I was also told that car insurance was going up because of the cost of new cars. A new 2500 or f250 is $70k now. While I drive a $15k truck, my cost goes up for the guy who totaled his new home on wheels.

Insurance is the biggest ripoff. You are required by law to have it, so they can just about charge what they want. Between health, vehicle, home and life, I pay about $650 a month in insurance.

Joe

 

[old_blue]

Until now it wasn't needed, but they offer classic insurance through another company. I am calling them tomorrow for an agreed value quote.

Don't go through your current company to get an insurance quote for classic insurance. Ask them who they go through and call them directly. Also compare to Grundy and haggerty and pick best one.

 

[fredfifty]

hagerty here for my 92...paid 300/yr agreed value at 10k

 

[Real time recon]

If they really go crazy on their billing I'll buy a bike....Ever try to read a plate off a bike at mock 3 ? Ever try to take a car into places where only bikes can go ?
And if they do catch me I'll simply say.....No speak English.

 

[revhead347]

As I understand it, the plan I am on is a new program- no mileage restrictions, and you can race the car, you just aren't covered while on the track. IIRC the only requirements are that the car is garaged at night and you have a different "primary use" vehicle.

Correct. Track insurance is astronomical. You will never find a reasonably price policy that covers track damage. However, Hagerty restricted the use of the vehicle from the track all together. We had 4 cars, so I had another primary use vehicle. I am back to driving my POS pickup truck to work, because some asshat just rear ended my showroom new RS.

Kurt

 

[revhead347]

My home insurance has been going up regularly. I was told it was due to all the tornadoes and hail damage in the southeast over the past few years. I was also told that car insurance was going up because of the cost of new cars. A new 2500 or f250 is $70k now. While I drive a $15k truck, my cost goes up for the guy who totaled his new home on wheels.

Insurance is the biggest ripoff. You are required by law to have it, so they can just about charge what they want. Between health, vehicle, home and life, I pay about $650 a month in insurance.

Joe

You think car and homeowners insurance is bad, check your mortgage statement and see what you pay in PMI. I pay more money in mortgage insurance than I do for car insurance.

Kurt

 

[NIKwoaC]

Correct. Track insurance is astronomical. You will never find a reasonably price policy that covers track damage. However, Hagerty restricted the use of the vehicle from the track all together. We had 4 cars, so I had another primary use vehicle. I am back to driving my POS pickup truck to work, because some asshat just rear ended my showroom new RS.

Kurt

Pheckin' A man, sorry to hear that. I assume it will be fixed at no cost to you?

A buddy of mine was/is a Miata enthusiast, and they apparently have this mythos that stone-gray cars get crashed more because they blend in with the road surface. Maybe you were doomed with your RS... Wasn't it gray?