My insurance change.

[Blwnsmoke]

Is this for an agreed-value/replacement-value policy?

It's for whatever the car is worth at time of accident which is what all my vehicles have. No mileage limitations and as you can see, low deductibles.

Collision comes off once stored in my garage for winter (nov-apr 1st) which drops that amount of the price.

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[Joe Mac]

I have State Farm and it's 1300 a year
Yea I know that's what I get for living in Calif

 

[Nfs1000f]

On my policy my Shelby is listed as a Mustang. I never gave much thought to that until the recent increase in valuations of our cars. Anybody else want to chime in on how their Shelbys are listed on their insurance policies?

 

[scd603]

They are all slightly different. But for the most part you have to own another car that acts as your primary vehicle, you can only drive to certain events and for pleasure (eg. you can't commute to work/school/errands etc.). There may also be limitations on days of the week and times of day you can't drive, mostly weekdays and around rush hour(s).

As far as track use at the very least they 100% will not cover anything that happens while you are anywhere on the racetrack grounds . But some may even prevent you from going there all together. The only insurance that is viable on track is specific track day insurance which is separate from all of this.

My GEICO policy is about $600/yr with low mileage discount. Even if Haggerty was a savings, I'd shy away from the limitations cited.

 

[95CobraR]

I don't worry about it. My 2019 Shelby GT350 has been in the body shop for a long time (a tree limb fell on it).

It's no fault on the body shops. I get they are short of qualified and expert technicians.

No insurance contract says that the repair will be completed in a timely manner.

 

[95CobraR]

When i bought my car, my insurance amount actually went DOWN!...

The comp claims are never considered the owner's fault. A tree limb fell on mine. Not my fault. The car is stolen (not my fault).

The collision coverages can send all premiums up in price. Do not wreck or do damage to another car. That will send your premiums up by as much as +50%.

 

[460Fred]

The comp claims are never considered the owner's fault. A tree limb fell on mine. Not my fault. The car is stolen (not my fault).

The collision coverages can send all premiums up in price. Do not wreck or do damage to another car. That will send your premiums up by as much as +50%.

A few years ago a drunk driver hit my parked work trailer, with me in it…..Damn lucky I wasn’t severely injured or killed. My premiums went up a little.

 

[95CobraR]

It was the normal insurance inflation increase.

The inflation number is at 8.6% last March 2022 (year-to-year). It's not fault that parts and labor have surged to 40-Year Highs.

I think it will go down to 6% next year. You can add an 15% increase in premiums by next year.

Have you priced an used 2020 Mustang GT?. It's up 30% over two years ago if you can find one.

I predict some stagflation later this year and a possible recession next year.

 

[The Chairman]

I’ve found Grundy to be a better deal than Hagerty for stated value policies:
https://www.grundy.com/

Have used them for many years.

 

[TrackMustang]

It's for whatever the car is worth at time of accident which is what all my vehicles have. No mileage limitations and as you can see, low deductibles.

Collision comes off once stored in my garage for winter (nov-apr 1st) which drops that amount of the price.

Hagerty is agreed upon value, so your insurance can low ball you if your car gets totaled. With Hagerty you pay for the car to be worth (for example) $80k, if it gets totaled they cut a check for $80k regardless of the perceived value.

 

[matthewr87]

On my policy my Shelby is listed as a Mustang. I never gave much thought to that until the recent increase in valuations of our cars. Anybody else want to chime in on how their Shelbys are listed on their insurance policies?

On my insurance card it is listed as a 2018 Ford Mustang Shelby

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