Insurance Questions????

[Kevin]

I cross shopped the two and the ncm was less with about the same restrictions. I can drive my mustang to work twice a week if I wanted too. You can do the same with the vette of you wanted but you have to have that written into the policy

[Kevin]

4 one of each side of the car. Sent them via email

[Mystic ZR-1]

If I remember correctly, front, back and both sides were required
They were also concerned about a lockable garage so I
sent a picfure of that too but they didn't ask for that

[8cam]

I have State Farm too, but then I drive mine all the time, everywhere. I've been with them since I was 16...which was a long time ago, so the cost is really reasonable and I'm covered no matter what I do. I've talked to my agent, and he says they know exactly what the ZR-1 is and have it valued accordingly. I've never had a problem with them, and the very few claims I've made have always been handled well.

FWIW I have Hagerty on the 308 and also very happy with them. They do "guaranteed value" not agreed, which means I can insure it for just about any value I want and simply pay the appropriate premium. If something ever happened, they just pay the insured value no questions asked.

[cvette98pacecar]

Originally Posted by 8cam

I have State Farm too, but then I drive mine all the time, everywhere. I've been with them since I was 16...which was a long time ago, so the cost is really reasonable and I'm covered no matter what I do. I've talked to my agent, and he says they know exactly what the ZR-1 is and have it valued accordingly. I've never had a problem with them, and the very few claims I've made have always been handled well.

FWIW I have Hagerty on the 308 and also very happy with them. They do "guaranteed value" not agreed, which means I can insure it for just about any value I want and simply pay the appropriate premium. If something ever happened, they just pay the insured value no questions asked.

Likewise, 31 years now with State Farm and I have had no issues. I just do not like the fact that they wont give me an agreed value.

[Roadster]

Originally Posted by cvette98pacecar

Likewise, 31 years now with State Farm and I have had no issues. I just do not like the fact that they wont give me an agreed value.

From what I understand, you can get agreed value with State Farm, but you have yo switch to their collector car policy in order to do so, and there are restrictions as mentioned earlier.
Again a few more $$$ for me, so I will take my non-restricted ZR-1 out for a ride today and run some errands and not have to worry where I am going...
A good feeling for sure......

[edram454]

I have plenty of experience with state farm. I had my cars and my home and anything else insured with them for years. when hurricane andrew came they did pay up eventually. it was not nearly what my neighbors got but they decided to steal. I eventually had to leave them a few years ago because my car policies where going through the roof despite having no accidents and multi car deductions. they cancelled by home owners insurance and every other florida resident was also cancelled.

there collector car insurance is expensive. I have grundy. i can go anywhere i want except... cant take it to work as daily work transportation... cant race it at race tracks... that is it. If I were to retire, I can drive it 10000 miles a day anywhere I want everyday and it would never be a problem. I have the freedom to go anywhere but race it at a race track. If I take it to a race track and I crack it up, I pay. I can live with that. I have unlimited miles. I have a AGREED UPON VALUE!!! State Farm will pay you pennies on the dollar trust me. they will depreciate your car to the point that what you get would not buy a yugo. Caveat emptor.

ed ramos #3028

[Roadster]

Hey guys, in all due respect if you want to bash or complain about certain insurance companies with bad experiences, then please start another thread. This thread is not to single out anyone company for their past performances, either good or bad. But again, too let everyone know about the differences of different types of policies. Do your homework and then decide. Remember what works for me may not work for you and vice versa. Just because someone doesnt get paid on a claim what they feel they should have, doesnt mean that they will value your item the same as theirs, as every situation is different.
whatever you decide to do, just do your homework, and go with who you feel is the right company for your needs..

[WARP TEN]

At my agent's recommendation I recently switched from Met Life (sorry Lee) to a company called Crestbrook (part of Nationwide) for all of my insurance. One reason I switched is that I wanted Agreed Value coverage on my '95 ZR-1. Others like Met wanted appraisals. Crestbrook did not need anything from me (although my agent may have sent pictures he has) and did Agreed Value on all three of my cars, (ZR-1, '10 BMW 535 and '14 BMW 328). Total annual premium $2089 for all three; $639 for ZR-1. Total for everything (house, etc) less than Met Life.--Bob

[KILLSHOTS]

Grundy, current agreed value of $20K (which I need to increase), total premium is $260 per year. Seems pretty cheap to me.