Specialty Insurance

[CSL]

Guys, I know this topic has been discussed a bit periodically on this forum but I am looking for current information. I just got my renewal notice from Liberty Mutual and my auto premium was jacked $1k ($2K alone per year is cost of the 350)! This is with a $1k deductible and many discounts we qualify for. Along with that painful bend over, the exclusions language of the policy finally changed to include no coverage for HPDEs. :rant::frusty:...
For some reason Liberty Mutual left this exclusion off until now, so I was lucky in that regard.

Now I am definitively giving LM the boot for all my insurance. However, I am inclined to grab a separate specialty policy for the 350 if your feedback indicates that's a route I should go. Can you please share the company you went with and roughly the premium you're paying with level of coverage. I am hoping to avoid making this insurance transition a full time job for the next week. Thanks!

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[Rocko]

Guys, I know this topic has been discussed a bit periodically on this forum but I am looking for current information. I just got my renewal notice from Liberty Mutual and my auto premium was jacked $1k ($2K alone per year is cost of the 350)! This is with a $1k deductible and many discounts we qualify for. Along with that painful bend over, the exclusions language of the policy finally changed to include no coverage for HPDEs. :rant::frusty:...
For some reason Liberty Mutual left this exclusion off until now, so I was lucky in that regard.

Now I am definitively giving LM the boot for all my insurance. However, I am inclined to grab a separate specialty policy for the 350 if your feedback indicates that's a route I should go. Can you please share the company you went with and roughly the premium you're paying with level of coverage. I am hoping to avoid making this insurance transition a full time job for the next week. Thanks!

To clarify your old rate was $2,000 a year and now it would be $3,000?

 

[CSL]

To clarify your old rate was $2,000 a year and now it would be $3,000?

No, last year was about 1k for the 350 and this year is 2k.

 

[Rocko]

No, last year was about 1k for the 350 and this year is 2k.

If you were able to get a whole year for $1,000 count yourself extremely lucky if it was a very good policy. I found that if you are a very good driver with no tickets in the last 5 years or wrecks and want a $500 deductible with full coverage by a highly rated company you will be looking at anywhere from $1,300 to $2,000 a year. This is with less than 7,500 miles a year driving on it. This is with $500,000/$250,000 coverage and valuation of vehicle at $80,000

 

[CSL]

If you were able to get a whole year for $1,000 count yourself extremely lucky if it was a very good policy. I found that if you are a very good driver with no tickets in the last 5 years or wrecks and want a $500 deductible with full coverage by a highly rated company you will be looking at anywhere from $1,300 to $2,000 a year. This is with less than 7,500 miles a year driving on it. This is with $500,000/$250,000 coverage and valuation of vehicle at $80,000

Mine is a 16 and I think the insurance companies have caught up with the 350. I am now at the high end of that scale with a 1k deductible....hence the need to change. Your comments are also the reason I am considering a specialty policy with specified valuation.

 

[Rocko]

Mine is a 16 and I think the insurance companies have caught up with the 350. I am now at the high end of that scale with a 1k deductible....hence the need to change. Your comments are also the reason I am considering a specialty policy with specified valuation.

I think the best you can hope for is going to be in the $1,300 range/ per year and that is with a discount paying it in full at one time.

 

[honeybadger]

I'm paying $825 every 6 months with State Farm 250/500/100 and a $100 deductible.

I've considered shopping around - we're paying $407 a month to insure all 3 cars - it's killing me.

 

[Rocko]

Oh, and I had to sign a document that none of my kids that drive who are under 21 can ever drive it also, lol. Yes I am serious

 

[The_Dude]

I'm paying $600 per year with http://ncminsurance.com/. I am limited to 3k miles and no commuting or errands.

 

[tdzee]

I am paying ~$550 every 6 months with State Farm. It is probably $1K deductible. Note I am over 60 and they have all my insurance business, including 6 vehicles. I have been with them well over 30 years and they treat me well, in spite of a few ugly claims. I do not have track coverage, as SF wised up to DEs a long time ago. I am at a point in life that I simply accept the risk exposure for a total loss of a car on track. I can only kill one at a time.

Just remember, there are only 2 rules for racing:
1. Go fast
2. Don't f**k up

If you follow rule #2, you don't need insurance.

:cheers:

 

[MrCincinnati]

Try progressive...

This is my 6 month. Full disclosure - I have 2 other vehicles on the policy, but this is what the breakdown for the Shelby is:

2017 FORD MUSTANG SHELBY


Coverages
Limits
Rate
Bodily Injury & Property Damage Liability:
$100,000 each person
$300,000 each accident
$100,000 each accident $114.00
Medical Payments: No Coverage $0.00
Comprehensive: $500 deductible $65.00
Collision: $500 deductible $291.00
Uninsured Motorist Property Damage: No Coverage $0.00
Rental Reimbursement: No Coverage $0.00
Roadside Assistance:
No Coverage $0.00
Custom Parts and/or Equipment value:
(At the time of a claim, it will be the insured's responsibility to show receipts to verify the existence and value of additional parts or equipment.) $0.00 $0.00
Loan/Lease Payoff: No Coverage $0.00
Total rate for this vehicle: $470.00

*edit*

obvs this doesn't cover HPDE...

 

[Rocko]

I'm paying $600 per year with http://ncminsurance.com/. I am limited to 3k miles and no commuting or errands.

Wow, that doesn't sound like much fun.

 

[The_Dude]

Wow, that doesn't sound like much fun.

I could pay a bit more and bump the mileage. I have other cars to commute in.

 

[Rocko]

I could pay a bit more and bump the mileage. I have other cars to commute in.

I am surprised you haven't already done that after driving yours, as I couldn't help myself if I was limited at 3,000 miles. I would be calling the agent with my cell while in the car driving to increase the mileage, lol.

 

[The_Dude]

I am surprised you haven't already done that after driving yours, as I couldn't help myself if I was limited at 3,000 miles. I would be calling the agent with my cell while in the car driving to increase the mileage, lol.

I may do that next year. Winter is coming on now soon, and I won't be driving it for a few months.

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