insurance
- Thread starter canibl
- Start date
B O N Y
MODERATOR & FGT OWNER
Gil at Farmers, (916) 983-8808, in Folsom, CA.
I pay about $1500 per year. And I've had 2 tickets in the last 3 years. Pretty reasonable. He's the best agent I've ever had. Always returns calls pronto, solves problems quickly. Highly recommended.
Hey if you have a GT and you live in the Sac area please PM or email me if you want to go on our Sunday drives with our informal "group". Just GT's, Ferrari's, Lambos, etc. When the weather gets better we'll be doing a lot of them. Might sneak a few in soon if we get a sunny weekend or two.
I pay about $1500 per year. And I've had 2 tickets in the last 3 years. Pretty reasonable. He's the best agent I've ever had. Always returns calls pronto, solves problems quickly. Highly recommended.
Hey if you have a GT and you live in the Sac area please PM or email me if you want to go on our Sunday drives with our informal "group". Just GT's, Ferrari's, Lambos, etc. When the weather gets better we'll be doing a lot of them. Might sneak a few in soon if we get a sunny weekend or two.
B O N Y
MODERATOR & FGT OWNER
That is a good rate, problem is Farmers does not write agreed upon value policies. Translation, your GT is depreciated on the same schedule as a Kia.
Collector car compaines like Grundy, Parish, Hagerty write only agreed upon value policies. Today if my GT is totaled I get $182,000, end of story, despite the fact some folks are buying cars $14k below MSRP.
Perhaps we can meet sometime in the wine area of Amador or Eldorado counties. :wink :biggrin
Collector car compaines like Grundy, Parish, Hagerty write only agreed upon value policies. Today if my GT is totaled I get $182,000, end of story, despite the fact some folks are buying cars $14k below MSRP.
Perhaps we can meet sometime in the wine area of Amador or Eldorado counties. :wink :biggrin
I've contacted Grundy but they declined me (!!!) because I have no prior experience in "super high performance" vehicles....wanted to tell them if go-kart racing (shifter karts) qualified, but he would have probably started laughing hehehe. Hagerty told me that they won't insure the GT....uhm...could they have been thinking of a Mustang GT?? I'll try Farmers but they'll probably quote high because I'm a new customer...AAA is my current one but again I don't quite like the depreciation factor...Parish? I'll check them out. Thanks.
B O N Y
MODERATOR & FGT OWNER
canbl said:
Try American Collectors, get a copy of Hemmings and similar mags as you will find lots of firms offering agreed upon value insurance. Good luck :wink
FlorIdaho Chris
Yeah, I've got one.
canbl said:
Hagerty DOES insure Ford GTs. They are insuring mine. You are right they may have thought you were asking about a Mustang.
B O N Y
MODERATOR & FGT OWNER
Chris, the issue with both Hagerty and Grundy is that they are very choosy who they write. Once they have a history with a client it is a snap to add cars. Their claim rate is very low.
I had to speak to Grundy myself when I added a replica Cobra (ERA535) even though I had several other cars bound by them. They had lousy history of new owners loaning their new toys to friends and relatives or going out themselves and crashing. I had to provide pictures of the car, they already had on file copies of expired SCCA National license.
Most collector cars are garage and show queens and never pushed to their limits.
Personally I have never had a claim with Grundy, and my license is clean.
I had to speak to Grundy myself when I added a replica Cobra (ERA535) even though I had several other cars bound by them. They had lousy history of new owners loaning their new toys to friends and relatives or going out themselves and crashing. I had to provide pictures of the car, they already had on file copies of expired SCCA National license.
Most collector cars are garage and show queens and never pushed to their limits.
Personally I have never had a claim with Grundy, and my license is clean.
SteveA
GT Owner/B.O.D
I have a spottless record and Mercury quoted me $14000 a year, yes that is no typo, $14000. I decided not to even purchase the car then someone on another site said to try State Farm. $1240 per year no restrictions. :wink I did however give her all my business, but I don't think that was a huge issue.
B O N Y
MODERATOR & FGT OWNER
SteveA said:
I am with State Farm for my drivers, great company. For a collector car they are not agreed upon value, so you have a depreciation fight ahead if you have a claim. However for liability protection they are as good as it gets. Good luck.
SteveA
GT Owner/B.O.D
fjpikul
GT Owner
State Farm
I just got my bill today. $442 every six months. I do not have a spotless driving record, but no accidents for many years (and no injuries), I have eight cars insured, plus house, etc. $1000 deductible (does anything cost less than a grand to repair on one these cars?) I have had really good experience with State Farm including both my kids during teenage and college years. Can't say enough good about State Farm.
I just got my bill today. $442 every six months. I do not have a spotless driving record, but no accidents for many years (and no injuries), I have eight cars insured, plus house, etc. $1000 deductible (does anything cost less than a grand to repair on one these cars?) I have had really good experience with State Farm including both my kids during teenage and college years. Can't say enough good about State Farm.
B O N Y
MODERATOR & FGT OWNER
fjpikul said:
Well thank you forum members, I have my collector cars insured by Grundy, they are a great company. My street cars and umbrella policy is with State Farm, I asked my agent for a quote on my GT which was binded by Grundy-Chubb. State Farm came is $600 less, granted not agreed upon value, but my biggest concern for a car that I really drive is liabilty coverage. Had it not been for these threads I would not have checked with them. :banana
Docrug
GT Owner
State Farm writes all mine except my Vettes. The GT is $1450.00 a year but they wanted $2900.00 a year for one Vette... Go figure?
isaakgt
GT Owner
abolfaz
GT Owner
B O N Y
MODERATOR & FGT OWNER
Docrug said:
Easy to figure, the odds of the GT get stolen and becoming a daily driver, crashed are much lower than the Vette. Think about it, what are the chances that you make a grocery run or a cross country trip in the GT.
Abolfaz
4,600- through Liberty Mutual. Funny thing -they want me to reduce my coverage. ( Read: their exposure.) and raise my premium. I'm going to talk to State Farm, my homes insurer.
You should get lots of imput, looks like we are now a bonafide herd in South FL!
Manny
4600- Thats per year.
4,600- through Liberty Mutual. Funny thing -they want me to reduce my coverage. ( Read: their exposure.) and raise my premium. I'm going to talk to State Farm, my homes insurer.
You should get lots of imput, looks like we are now a bonafide herd in South FL!
Manny
4600- Thats per year.
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abolfaz
GT Owner
1418 said:
I got $5200 per year, never a speeding ticket in my life or any other blemish on my record. The only problem that I have is that some one backed into my Aston when it was parked causing $6k in damage for whatever reason this kills my insurance premiums!