Lets face it................................
Us Hybridz have uber built showcars with thousands invested, well beyond the bluebook values. Aside from the minor stuff like part thefts, small accidents, etc., how would your insurance company cover the total loss or total theft of your Hybrid quality showcar?
I did a bit of research on this in the past and what I found with most "regular" insurance companies like Allstate, Geico, State Farm, etc., is that they will cover the bluebook value and only a certain amount past bluebook. State Farm in particular will only cover up to $5000 in extras beyond the bluebook value.
I found that Hagerty insurance..................yes those are the guys who insure classic muscle cars as advertised on Spike TV......................will insure cars like ours. You give them pics, a complete list of mods, and a stated value, and they will insure a modern import showcar. They have stipulations that the car is driven only so many miles a year and such. I am well into my 30's with an overall clean driving record and I was quoted $1300 a year. So I went to sign up with them. They ran my driving record and spotted my last speeding ticket way back in September 2002 and jacked the quote up to $3700 a year. They apparently go back 7 years unlike other insurance companies that only go back 3-5 years. So I ended up backing out. I then tried a company called Infinity Custom car insurance. The price was good, I thought everything was good to go to only find out 3 months later that the car was rejected.
So in summary, I have full coverage, but I still am not fully covered for all that is invested in the car as I still have "regular" insurance.
I hope there can be some good information here as to how certain insurance companies handle Hybrid quality showcars. What are some good insurance companies? What other specialty or custom car insurance agencies are out there that will fairly cover our Hybrid cars in the event of a total loss or grand theft???
Us Hybridz have uber built showcars with thousands invested, well beyond the bluebook values. Aside from the minor stuff like part thefts, small accidents, etc., how would your insurance company cover the total loss or total theft of your Hybrid quality showcar?
I did a bit of research on this in the past and what I found with most "regular" insurance companies like Allstate, Geico, State Farm, etc., is that they will cover the bluebook value and only a certain amount past bluebook. State Farm in particular will only cover up to $5000 in extras beyond the bluebook value.
I found that Hagerty insurance..................yes those are the guys who insure classic muscle cars as advertised on Spike TV......................will insure cars like ours. You give them pics, a complete list of mods, and a stated value, and they will insure a modern import showcar. They have stipulations that the car is driven only so many miles a year and such. I am well into my 30's with an overall clean driving record and I was quoted $1300 a year. So I went to sign up with them. They ran my driving record and spotted my last speeding ticket way back in September 2002 and jacked the quote up to $3700 a year. They apparently go back 7 years unlike other insurance companies that only go back 3-5 years. So I ended up backing out. I then tried a company called Infinity Custom car insurance. The price was good, I thought everything was good to go to only find out 3 months later that the car was rejected.
So in summary, I have full coverage, but I still am not fully covered for all that is invested in the car as I still have "regular" insurance.
I hope there can be some good information here as to how certain insurance companies handle Hybrid quality showcars. What are some good insurance companies? What other specialty or custom car insurance agencies are out there that will fairly cover our Hybrid cars in the event of a total loss or grand theft???
Comment