| Author |
Message |
arthur chambers (Art355)
Member
Username: Art355
Post Number: 329
Registered: 6-2001
| | Posted on Wednesday, March 27, 2002 - 4:30 pm: | |
My insurance on the 355, without a mileage limit is $700/year. Nationwide is the carrier. It is the 4th or 5th car on the policy. 100k property damage, 1k deductible, 500k liability coverage.
It definitely pays to shop the insurance, because different underwriters see things differently, so there are substantial variances in the amounts quoted. A larger deductible generally lowers the policy at about 40 - 60% for that coverage, generally a good buy.
Art |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 1646
Registered: 5-2001
| | Posted on Wednesday, March 27, 2002 - 8:48 am: | |
Marcus,
you may want to check with them for higher property.
I was at awe when I found out that my insurance went only $2.00 up to upgrade from State req. $ 10,000 property to $100,000 property.
You hit a car today it is usually more than $ 10K damage.
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Bill Sawyer (Wsawyer)
New member
Username: Wsawyer
Post Number: 48
Registered: 2-2002
| | Posted on Wednesday, March 27, 2002 - 7:07 am: | |
wm hart:
What's a "blue" car?
Your story about the tree brought back bad memories. I had a 100 foot tall tree fall on my boat last year. It destroyed the boat hoist, dock, seawall,etc. My insurance company was a real pain in the *** and we're still cleaning up the mess.
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wm hart (Whart)
Junior Member
Username: Whart
Post Number: 161
Registered: 12-2001
| | Posted on Tuesday, March 26, 2002 - 7:37 pm: | |
The very idea of a 16 yr. old behind the wheel of a viper on the street is pretty scary. BTW i use Chubb, they are expensive but worth it. When i got my first ferrari, i hadn't had a driver's license in years (my record was clean, but i lived in NYC). We lived in Brooklyn Heights, a very nice brownstone neighborhood facing lower Manhattan. The "usual" auto insurers wanted something like 11k a year (i was a little over 40 years old at the time) to insure a 348 spyder. Chubb wound up charging less than the insurance on our volvo sedan at that time, with no mileage cap. When my wife's 740i got broadsided recently by a lincoln "Blue" car, they just dealt with it as quickly and professionally as possible. Ditto when one of my trees fell on my neighbor's garden building and basically demolished it. They were there the next day. |
Marcus Adolfsson (Marcusadolfsson)
New member
Username: Marcusadolfsson
Post Number: 36
Registered: 10-2001
| | Posted on Tuesday, March 26, 2002 - 7:03 pm: | |
I am 22 and drive an 85 TR (that I purchased with earned money btw, except for the 18.5k I still owe the bank...)
In Florida, my insurance is $841/six months (before the good college student credits) with State Farm. I only have 50,000 property/300,000 bodily insurance though. |
Jack (Gilles27)
New member
Username: Gilles27
Post Number: 46
Registered: 3-2002
| | Posted on Tuesday, March 26, 2002 - 4:06 pm: | |
I wish my credit record was as clean as my driving record! Between that and my former college roommate who is my State Farm agent, I'm getting a pretty good rate! |
Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 1638
Registered: 5-2001
| | Posted on Tuesday, March 26, 2002 - 11:16 am: | |
I never told them, they never asked! |
David Jones (Dave)
Junior Member
Username: Dave
Post Number: 83
Registered: 4-2001
| | Posted on Tuesday, March 26, 2002 - 11:08 am: | |
Geico will not insure you if they know you have a radar detector...
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Martin (Miami348ts)
Intermediate Member
Username: Miami348ts
Post Number: 1634
Registered: 5-2001
| | Posted on Tuesday, March 26, 2002 - 9:54 am: | |
Geico $500/year for my 348.
Clean record, 32 years old but I have another car insured as well.
Give them a call. They were thousands better than Progressive and they did NOT tell me that geico had it for less... |
Dave Wapinski (Davewapinski)
Junior Member
Username: Davewapinski
Post Number: 158
Registered: 8-2001
| | Posted on Tuesday, March 26, 2002 - 9:30 am: | |
I am learning that one should always shop for insurance.
On my airplane, one company quoted $7,000 a year. Another equally as good company (maybe better) quoted $2,750 a year for the same coverage.
Another firm said they might be lower.
So shop around.
Dave Wapinski |
Ken Thomas (Future328driver)
New member
Username: Future328driver
Post Number: 50
Registered: 12-2001
| | Posted on Tuesday, March 26, 2002 - 7:50 am: | |
I am 30 yrs old, clean driving record, live in Dallas. Got a quote from State Farm for a '86-87 328 GTS in the "pleasure car" category (7,00 miles per year) for about $1200 a year with 100/300/100 coverage and a $500 deductable. That's about what I pay for my '95 Grand Prix. |
Jack (Gilles27)
New member
Username: Gilles27
Post Number: 42
Registered: 3-2002
| | Posted on Monday, March 25, 2002 - 9:56 pm: | |
John, your story reminds me of a guy I knew who was spoiled the same way. 3rd generation of a family that owned a large trading firm, his grandfather more or less gave him everything. Got into a habit of crash-testing Corvettes. These days, I think MOST people should have to take some sort of performance driving course. It's actually not the teens who have gotten worse (they've always been dangerous), I think it's the enormous popularity of over-sized SUVs that should start dictating insurance prices. This is the new enemy. |
Tyler (Bahiaau)
Junior Member
Username: Bahiaau
Post Number: 185
Registered: 12-2001
| | Posted on Monday, March 25, 2002 - 9:54 pm: | |
damn Billy, you need to shop around a little. |
billy zissis (89tr)
Junior Member
Username: 89tr
Post Number: 125
Registered: 4-2001
| | Posted on Monday, March 25, 2002 - 9:24 pm: | |
How in the world do you guys get such cheap insurance in NY? I have the cars listed under my father's name and he is almost 70 years old with a clean record and am paying over $4,000 a year full coverage. |
Chris Brody (Cbrody)
New member
Username: Cbrody
Post Number: 4
Registered: 3-2002
| | Posted on Monday, March 25, 2002 - 6:30 pm: | |
David,
You have to Live in southampton, NY to realize how easy it is to get tickets..... All of them were 35 in a 30. Almost every road out here is a 30 zone and there are radar traps everywhere. It is almost impossible to not get a ticket every once in a while.
I wasn't even going fast in any situation. I have never had a ticket for something more than 5-10 miles over the limit. I know many people with tickets that go as high as 95-110 in a 55 which I think is irresponsible and dangerous.
Just felt like explaining... You made me feel like a bad driver.
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Chris Brody (Cbrody)
New member
Username: Cbrody
Post Number: 3
Registered: 3-2002
| | Posted on Monday, March 25, 2002 - 6:26 pm: | |
Allen,
Thanks for the info. I called them and they gave me a quote of 1196/yr and they say it shouldn't be a problem writting me.
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David Jones (Dave)
Junior Member
Username: Dave
Post Number: 82
Registered: 4-2001
| | Posted on Monday, March 25, 2002 - 6:17 pm: | |
I pay $551.88 a year on the 308...
By the way, 24 with 3 citations in 3 years hints at not yet having the restraint it takes to own an F car... You know, like when "not" to put your foot in it.
A so goes yet another bad lecture out the window,
Wow, how about that getting your kid a viper for his 17th B-day.
Talk about teaching our kids values, Not
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Allen Cook (Alcook62)
New member
Username: Alcook62
Post Number: 10
Registered: 3-2002
| | Posted on Monday, March 25, 2002 - 5:50 pm: | |
Chris - Are you insuring this as a daily driver or for pleasure use only? I have insured my 308 through Hagerty (pleasure only-5K miles a year) for an annual premium of $364. I am forty years old, clean record. |
John J Stecher (Jjstecher)
Junior Member
Username: Jjstecher
Post Number: 88
Registered: 1-2002
| | Posted on Monday, March 25, 2002 - 3:31 pm: | |
Chris,
I got your email last night and will respond to you tonight, i have all the info at my house and can give you exact prices etc. As far as progressive goes they tried to stick it to me too $1500 every six months. Man I cant believe the cost of insurance is that high in NY.....makes me glad I live in the Midwest!! |
Chris Brody (Cbrody)
New member
Username: Cbrody
Post Number: 2
Registered: 3-2002
| | Posted on Monday, March 25, 2002 - 2:57 pm: | |
John,
I sent you an email last night about the 355 wheels on your 348.... Where did you get them from? How did you find them? What did they run? and also What size tires did you put on?
Geico won't do the Ferrari for me in NY.
I'm Still looking... Progressive will but its about 4000. / yr.. |
John J Stecher (Jjstecher)
Junior Member
Username: Jjstecher
Post Number: 87
Registered: 1-2002
| | Posted on Monday, March 25, 2002 - 2:32 pm: | |
One of my co-workers uncles bought his son a RT-10 Viper a few years back when he turned 17. The people were old money from the lumber business up here in Norther Minnesota and the kid just wanted to be cool at school basically.....one day coming out of the school parking lot (YES he drove it on a daily basis when nice out) the dumbass decided to race a older camero....he popped the clutch at 6000RPM's slid the rear sideways clipped two other cars before hitting a school bus head on in on comming traffic. He walked away, car totaled, and his father bought him "safer" Corvette two weeks later. This kind of thing makes me sick and shows that some people have more money than brains!! I worked my butt of to get my car and when kids do dump things like that it really irks me off. That is the reason that a 16 year old with a Viper has to pay $9K a year. By the way that value is true I just called geico and said I wanted to insure a 16 year old on my Ferrari the rate went from $455 to $3995 for six months!! I think all kids should be made to take a performance driving course if they get sports cars when under 18, twice now I have had a hot shot next to me in the 348 who has popped the clutch and about nailed me with their rear end trying to race me....when I was just taking off nice and normal! |
TomD (Tifosi)
Member
Username: Tifosi
Post Number: 431
Registered: 9-2001
| | Posted on Monday, March 25, 2002 - 2:21 pm: | |
David
Never heard of a zero deductible, may be worth using a 250 deductible in exchange for lower prems. |
Tim N (Timn88)
Member
Username: Timn88
Post Number: 580
Registered: 6-2001
| | Posted on Monday, March 25, 2002 - 2:16 pm: | |
Just out of curiosity, my friends father checked to see how much it would be to insure a 16 yr old on a viper rt/10. this may or may not come as a shock to you, but the figure was $9,000 a year. But then again, only a 16 year old who knows what they are doing belong behind the wheel of something like that. IMO, young kids (me included) dont have the responsibility to be safe with a car like that, or any car for that matter. The driving age should be 18. I now that was a little off topic. |
John J Stecher (Jjstecher)
Junior Member
Username: Jjstecher
Post Number: 86
Registered: 1-2002
| | Posted on Monday, March 25, 2002 - 1:48 pm: | |
Chris,
I am 23 I bought my 1990 348 last year and am insured with Geico. I pay right now $455/6 months full coverage with $1,000.00 deductable unlimited milage. I have two other cars insured with them but you can get the same deal if you only insure one other car and your Ferrari as your second car. They are great to deal with and I have never had a problem even when I was rear ended by a lady 4 states away at 3am (Not in the Ferrari in my other car). |
David Albright (Dalbright)
Member
Username: Dalbright
Post Number: 291
Registered: 2-2001
| | Posted on Monday, March 25, 2002 - 1:27 pm: | |
I have insurance for my 90 348 through USAA. I bought the car at 27 and have a clean record. I pay $1200 a year for 10,000 miles and a $0 deductible. |
Frank Parker (Parkerfe)
Member
Username: Parkerfe
Post Number: 727
Registered: 9-2001
| | Posted on Monday, March 25, 2002 - 1:18 pm: | |
I have a 1994 348 Spider with Allstate and it cost around $650.00 a year for $1,000,000.00 in coverage with a $1,000.00 deductable. But, I'm 44 years old. |
Chris Brody (Cbrody)
New member
Username: Cbrody
Post Number: 1
Registered: 3-2002
| | Posted on Monday, March 25, 2002 - 1:15 pm: | |
Looking at purchasing a 348 Spider and looking for insurance.
Talked to Chubb and they won't insure me cause of age (24) and that I have 3 Minor Tickets in the last 3 years.
Any ideas? |