Agreed upon value insurance policies

[jrgatfh]

jrgatfh Did you have to go through an agent or can you get quote online? Thats a good rate.

I went through my local State Farm agent. I have my homeowner's insurance with them and my parents have their cars with them as well.

They quoted $1,300 per yr to insure my 911 Turbo with an AV of $300k.

[FastMacM3]

I used to have Grundy and they were fine, never had any claims, but it did have the limitations. But i really only take the E46 to cars and coffee, country drives or car events. Then when my car hit 20yrs old my American Family policy would do agreed value, for $30k it was about $400/yr with Grundy or AmFam.

[jager911]

I use American Modern, $1058 total for 3 Porsches and the M3, which costs $213 for $25k stated value. Mileage limit of 3k per year, garaged, not DD etc. I'm going to raise the value to $30k due to about $7k in mods in March, they want pictures and receipts.

[K-Dawg]

Do any of these agreed value policies not have a 5k mile limit? My M3 isn't necessarily a primary vehicle, but I wouldn't want to be that limited.

I assume you have to tell them how many miles the car has?

[Rickyrosh]

Do any of these agreed value policies not have a 5k mile limit? My M3 isn't necessarily a primary vehicle, but I wouldn't want to be that limited.

I assume you have to tell them how many miles the car has?

Just got Hagerty. They did not ask current mileage. I asked if they needed it.


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[lvm3sm46]

K-Dawg I have American Collectors and they did not ask for proof of current mileage

[DoubleSidedTape]

Do any of these agreed value policies not have a 5k mile limit? My M3 isn't necessarily a primary vehicle, but I wouldn't want to be that limited.

I assume you have to tell them how many miles the car has?

Right. I’m thinking 3000 mile limit… I did half that in a weekend last fall 🤣

[jager911]

Do any of these agreed value policies not have a 5k mile limit? My M3 isn't necessarily a primary vehicle, but I wouldn't want to be that limited.

I assume you have to tell them how many miles the car has?

American Modern has 1k, 3k and 5k limits, priced accordingly. I went with 3k as I drive about 1-2k per year with other DD. They did not ask for current mileage so no idea how they check.

[bigjae46]

Tier 1: USAA (if you are eligible)

Tier 2: Erie, Farm Bureau

Tier 3: State Farm

Tier 4: Geico, Progressive

Tier 5: AllSnake

Tier 6: Insurance presented by Shaq (National General, Integon


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State Farm sucks when you have a claim. Their adjusters are...by far...the worst. Getting them to pay for fasteners and small detail stuff is difficult. State Farm would not put a new engine into a flood car that had 20k miles on it and under warranty where every other company puts a new engine in, no questions asked.

And USAA is not as good as it used to be either. Same reasons as State Farm.

[Jimbo's M]

State Farm sucks when you have a claim. Their adjusters are...by far...the worst.
.

Wow, I've had State Farm for about 30 years and they've been nothing short of fantastic for me. Whether it's a windshield or body work, never a problem. Guess it's like Forrest's "box of chocolates"...

[Rkymtnrider]

I haven’t had any issues with State Farm either. No hassle claims and glass replacement. No out of pocket to use O.E. glass in windshields.

[Jimbo's M]

No out of pocket to use O.E. glass in windshields.

For sure. I've replaced the M's several times, but my previous car, a 1990 Prelude ate windshields like crazy from the chip sealing that's done here. Aerodynamics where just right I guess. Never outta pocket.

[bigjae46]

Might be regional but at least in Houston…State Farm is THE worst.


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[timmo]

Just got on Hagerty, which I've been wanting to do for a very long time given I'm at ~225k miles. Previously I'd only had my car so there was no chance, but recently got a motorcycle and had the lightbulb brain moment of using that as the primary vehicle. Over the phone I clarified with the agent multiple times if this was okay or not, he assured me it was fine. Glad to finally have an agreed value policy on my car!

[repoman89]

Looks like Hagerty will insure my E39 M5 and E46 despite sharing a daily driver CX-5 with my wife (her car). I specifically answered “no” on the online quote for the do you have a daily driver question. It’s not cheap compared to my current Grundy policy but the coverage seems a lot more comprehensive and I cranked up the values a bit.

A big chunk of the reason I bought my 21 Miata last year was to satisfy the daily driver requirement with something fun, so I’ve already signed the paperwork to sell it back. Only depreciated a few hundred bucks in a year. It’s cool but pretty redundant with the M3.