Agreed upon value insurance policies

[cbean]

Hope everyone is doing well.

Just a little information. I am with American Collectors insurance and they just sent me an invoice for next years premium . . . I am going from $650.00 to $1510.00. I called today to confirm and they said "yep, prices are going up fo California" . . . 100 + percent is a little crazy but okay.

I immediately got two other quotes, one that was 200 less than my original 650, so in the end I owe American Collectors a big thank you for saving me a bunch of money. Thank you

Check on your rates if you have auto payment stuff set up.

[BlueBimmers]

Read through the entire thread and appreciate all the insights. How is everyone valuing their car? I have a spreadsheet that has every dollar I spent on the car including purchase price. Is that the number you want to go with for agreed upon value? And man, after looking at my spreadsheet, I spent a lot of money on this car (but I love it)!

Pretty sure the number has to be reasonable, and obviously the premium goes up the higher the amount you request. If you want a gauge and your car is clean, use something between the Hagerty condition 2 and condition 3 value.

[Nate047]

You’re a madman lol I never understood why people want to be confronted with the black and white reality of how insane a hobby cars are.

[bagger]

Read through the entire thread and appreciate all the insights. How is everyone valuing their car? I have a spreadsheet that has every dollar I spent on the car including purchase price. Is that the number you want to go with for agreed upon value? And man, after looking at my spreadsheet, I spent a lot of money on this car (but I love it)!

[SQ13]

Had to make a $15k claim earlier this year thru Grundy, and they covered it without any issues. I’m sure they’ll drop me when it’s time to renew my coverage though.

[mr pete]

I would implore you to chat with an underwriter at Grundy. I've had to stop selling their policies due to their lack of coverage.

The price is 1/5 of Hagerty for a reason.


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Yea that’s why I’m not 100% sure on making the switch after what I’ve read.

[Chas3n]

Hagerty just dropped me for getting 3 tickets in 3 years.

I had gotten 2 really close together, like a month apart back in summer of 22, and then I got another one beginning of this year.

2 of them are literally for doing 75 in a 65, but apparently it doesn't matter.

So, I have to park the M3 for like 6 months and then reapply.

Safeco is who you should be looking up, then. They're more tolerant than Hagerty for points and claims (insurance score) and have great coverage


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[Chas3n]

Grundy is way cheaper than Hagerty. I have been with Grundy for several years and my premium is half of what hagerty quoted me.

I would implore you to chat with an underwriter at Grundy. I've had to stop selling their policies due to their lack of coverage.

The price is 1/5 of Hagerty for a reason.


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[Maxima SE]

Grundy is way cheaper than Hagerty. I have been with Grundy for several years and my premium is half of what hagerty quoted me.

[mr pete]

Sure, not Phoenix yellow like your avatar pic but speed yellow.

This gen GT3 may be my absolute favorite. I had a go in one and it was a blast. Love the color!

Hagerty is expensive. Didn't realize how expensive it was until I just got a quote from Grundy. Grundy it is.

[rbizet]

Sure, not Phoenix yellow like your avatar pic but speed yellow.

[bimmerfan08]

Yes 996.2 GT3

Figured so. Great choice! Any pics?

[rbizet]

Yes 996.2 GT3

[Will]

What 996 do you own that the value is $120K?

My guess: GT3

[bimmerfan08]

FWIW transferred my 996 to Hagerty with an agreed value of $120k and cost is about $1.2k in San Diego and a mileage limit of 2k a year. I have a 16 year old driver in the household now, so had to protect that car from a massive policy increase.

What 996 do you own that the value is $120K?