L81 average value

[GerryLP]

Hey people,

I called Farmer's Insurance today, and for NM I was quoted $153.00 /6-months for liability. $183.00 for un-insured-coverage collision portion added(apparently the un-insured-coverage collision portion is no longer transferable in NM from other vehicles -only the injuries coverage is), and full coverage $266.00 /6-month on top of that. I do have my house and other vehicles with them as well.

So, I wanted to see what kind of quotes I could get with Grundy or Haggerty. They asked what the value of my Vette is, and since I know that it is worth more to me that what they think is worth, then what amount should I use? I suspect that whatever I enter it will affect the totaled-collision coverage. If for example I enter $14k, and they think it was worth $12k, then since I paid for $14k coverage would I get coverage on that amount, or will they use what they think ($12k) is worth?

GerryLP

[Yoda]

Gerry,

I can give you the information about what I have on Rare... AND I'm sure there will be PLENTY of people that will chime in with an opinion too

Hagerty Insurance Agency, Inc.
Here are the facts off my Declaration Page (Annual Premium 09/16/2006 ~ 09/16/2007):
Liability @ 55K per accident = $31
Uninsured Motorist BI/PD $55K per accident = $12
Underinsured Motorist BI/PD: INC
Medical $1,000 per person = $5
Personal Injury Protection $2,500 per person = $7

1981 Cheverolet Corvette 2D AGREED VALUE $22K
Other than Collision $0 Deductable = $73
Collision $0 Deductable = $73
Total Annual Policy Premium: $202
Membership Fee: $24 TOTAL Check to Hagerty $226

NOW..... Do I believe Rare is worth $22K Well I had her insured for an Agreed Value of $14K (2005) I asked about our move to Texas, and asked what the Agent what the Collector Value of Rare would be, I sent them photo's exterior, interior and engine compartment, also added a couple of her undercarrige, and they said $22K would be the maximum they would insure her for.... DO I LOOK LIKE A FOOL Of course I increased my Agreed Value it also increased my premium by $34 a year

I call Hagerty if I am going on a trip and let them know, and I have NEVER been told to keep the mileage down..

These numbers are directly off my Hagerty Collector Car Declaration Page..

Bud

Oh yea,,, what do I think Rare is worth... I should say pricelss, BUT if someone offered me $18K to $22K I would probably be looking for a '99 or '00 FRC...

NOTE: I should add that I've been with Hagerty since 1998 and the first couple of years it seems to me the premium was around $300 a year or so... IT has gone down since I first Insured Rare with them....

[GerryLP]

Bud,

Thanks for the reference. I called them, and it is going to cost me $260 / year for full coverage. $40 dollars will take care of the membership and the 50 mile free towing.

Thanks a lot! Gail is ready for driving!

GerryLP

[Yoda]

Alrighty now

Bud