DEAR GAWD AM I IN TROUBLE WITH INSURANCE ON MY 348...that BTW: Doesn't suck!!! | FerrariChat
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DEAR GAWD AM I IN TROUBLE WITH INSURANCE ON MY 348...that BTW: Doesn't suck!!!

Discussion in '348/355' started by 348Tony, Dec 16, 2010.

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  1. 348Tony

    348Tony Formula Junior
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    Jun 8, 2010
    537
    Dallas
    Full Name:
    Tony
    #1 348Tony, Dec 16, 2010
    Last edited: Dec 16, 2010
    *****What am I going to do now? I'm physically sick over here! Not proud of this by any means, but I bet I have the highest premium among the Brotherhood.*****

    INSURING: 1995 Ferrari 348 Spider

    Your Auto policy is ready to renew

    Dear TONY,

    Thank you for being a valued customer since 2009. We appreciate your business and look forward to serving you in the future. Your 6-month Auto policy is now ready to renew.

    When you renew your policy, you'll maintain Platinum membership in our Loyalty Rewards Program.

    For your convenience, the payment to renew your policy ($860.84) will be automatically withdrawn from your checking account on 01/07/2011.


    Payment options
    Total cost


    Pay in full
    and save an additional $102.00


    $5056.00 total cost for 6 months


    Automatic payments from your checking account
    (includes $1.00 fee per installment*)


    Pay $860.84 now, then 5 installments of $860.64
    $5164.00 total cost including fees
     
  2. Sandy Eggo

    Sandy Eggo F1 Rookie
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    Jun 4, 2009
    3,636
    Encinitas, CA
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    Rick
    #2 Sandy Eggo, Dec 16, 2010
    jesus chr!st on a candlestick! WTF did you do? That $ would cover me for about 10 years on my policy.
     
  3. Johnny_Bluejeans

    Johnny_Bluejeans Karting

    Jul 17, 2009
    53
    Greensboro, NC
    Full Name:
    Brian
    #3 Johnny_Bluejeans, Dec 16, 2010
    Did you run over your insurance adjuster with the 348?!?!
     
  4. 348Tony

    348Tony Formula Junior
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    Jun 8, 2010
    537
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    Full Name:
    Tony
    #4 348Tony, Dec 16, 2010
    Last edited by a moderator: Sep 7, 2017
    This may refresh your memory...

    I'm assuming they did not like the fact I replaced what I totaled with one of her sisters.

    I'm with Progressive, does anybody have any suggestions on where to go?
    Image Unavailable, Please Login
     
  5. Vegas-Guy

    Vegas-Guy Formula 3

    Nov 25, 2007
    1,828
    Austin, TX
    Full Name:
    Reg
    #5 Vegas-Guy, Dec 16, 2010
    Ouch! That sucks..:(
     
  6. sevminasyan

    sevminasyan Formula 3

    Jun 24, 2008
    1,156
    Glendale, CA
    Full Name:
    Steve
    #6 sevminasyan, Dec 16, 2010
    Hey Tony:

    I think your car is at one of this Insurance Auctions now to be sold. If you had 61K miles on it than that's the one. Sorry, can't help with the insurance. I guess whoever owns it now and is trying to sell it cant get enough so it keeps coming back to a Texas branch auction for sale.
     
  7. 348Tony

    348Tony Formula Junior
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    Tony
    #7 348Tony, Dec 16, 2010
    That's crazy huh? That's probably the car. I remember Progressive told me they had a buy bid on it of $22K which I thought was ridiculous someone would pay that, but whatever...I guess they're feeling the pinch now huh? Do you know what the high bid has been at auction?
     
  8. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,379
    Houston, Texas
    Full Name:
    Bubba
    #8 BigTex, Dec 16, 2010
    They can charge you for three years for the activity on your record and review five years to determine if they want to write you.....
     
  9. 348Tony

    348Tony Formula Junior
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    Jun 8, 2010
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    #9 348Tony, Dec 16, 2010
    I also totaled a Rolls Royce in August of 08 so I'm sure that don't exactly help.
     
  10. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,379
    Houston, Texas
    Full Name:
    Bubba
    #10 BigTex, Dec 16, 2010
    Oh God....

    *head in hands*
     
  11. flyguyskt

    flyguyskt Formula Junior

    Sep 22, 2009
    443
    South Dakota
    Full Name:
    sean
    #11 flyguyskt, Dec 16, 2010
    2 words:

    DRIVING SCHOOL
     
  12. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,379
    Houston, Texas
    Full Name:
    Bubba
    #12 BigTex, Dec 16, 2010
    They would have to give you credit for Defensive Driving...

    I've had the course 27 times........:D :D
     
  13. ndpendant

    ndpendant Formula Junior

    Jun 5, 2010
    636
    Chicago- west burbs
    Full Name:
    Paul
    #13 ndpendant, Dec 16, 2010
    try haggerty nice helpful people
     
  14. Rifledriver

    Rifledriver Three Time F1 World Champ

    Apr 29, 2004
    37,090
    Cowboy Capitol of the World
    Full Name:
    Brian Crall
    #14 Rifledriver, Dec 16, 2010
    2 big strikes.


    Have you considered driving a Toyota for a couple of years?
     
  15. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,379
    Houston, Texas
    Full Name:
    Bubba
    #15 BigTex, Dec 16, 2010
    Or register it "to a friend" that could shoulder the load??

    Thinking back, I was in a similar state when I decided "marraige was the answer!"

    But it was the WRONG answer....:D :D :D
     
  16. Kaivball

    Kaivball Three Time F1 World Champ
    Owner

    Jan 11, 2007
    35,997
    Kalifornia
    #16 Kaivball, Dec 16, 2010
    Well, you totalled two cars totalling in the $100k range combined...

    ...and you are surprised that your insurance has gone up dramatically? Somebody has to pay for it and it's going to be you.

    I don't want to sound callous, but that's what happens when you total two cars. They are not going to raise rates on the people that don't have accidents.

    For all they know, you are going to have another accident soon and they are risk categorizing you accordingly.

    Sorry to hear about your mishaps.

    Kai
     
  17. ndpendant

    ndpendant Formula Junior

    Jun 5, 2010
    636
    Chicago- west burbs
    Full Name:
    Paul
    #17 ndpendant, Dec 16, 2010
    try haggerty nice helpful people
     
  18. Simon^2

    Simon^2 F1 World Champ

    Oct 17, 2005
    12,313
    At Sea Level
    #18 Simon^2, Dec 16, 2010
    Pay 1 month and drive the thing into a tree. That'll show 'em. With your history,... they would never be able to prove you did it on purpose. ;)

    Might be time for a toyota camry...

    I bet the User Name "TonyCAMRY" is available! :D :D :D ;)
     
  19. 348Tony

    348Tony Formula Junior
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    #19 348Tony, Dec 16, 2010
    Dang that's cold blooded. Bad thing is the Rolls wasn't my fault at all but the other guy had no car insurance so guess who paid?

    I dunno what to do really because I love my car and I doubt driving a Camry is going to be that much cheaper; I mean really once you breach the stupidity rate which I'm clearly in, what's the difference in saving a couple hundred a month to drive a Camry vs. F car? It's not the car, it's the driver of the car that's costing me.
     
  20. 348Tony

    348Tony Formula Junior
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    #20 348Tony, Dec 16, 2010
    Thinking very seriously about dropping collision coverage. I mean $10K a year over the next 3 years and I've got what $30K invested into covering a $40K car? That's ballsy but hell...what are my options really?
     
  21. Sandy Eggo

    Sandy Eggo F1 Rookie
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    #21 Sandy Eggo, Dec 16, 2010
    A few more options I am sure you've thought about but just in case...

    1. Don't drop collision...raise your deductible up real high instead (and drive very f-ing carefully). That way you're covered in case of a big bill or another totalled vehicle.
    2. Switch carriers?
    3. If married, make your wife the primary driver of that car and get yourself a beater to put in your name?
     
  22. ferrari 512 tr

    ferrari 512 tr F1 Rookie

    Nov 16, 2008
    4,180
    Australia
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    Paolo
    #22 ferrari 512 tr, Dec 16, 2010
    oh no
     
  23. sparta49

    sparta49 F1 Veteran
    Owner

    Mar 3, 2001
    7,804
    LA
    Full Name:
    Frank
    #23 sparta49, Dec 16, 2010
    I pay about 1200.00 a year on the TR with State Farm
     
  24. i-velocita

    i-velocita F1 Rookie
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    Sep 9, 2006
    2,520
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    #24 i-velocita, Dec 16, 2010
    Tony,

    If you are self employed you might consider insuring your car under a commercial policy. I did this for a while after accumulating several tickets.

    Good luck...
     
  25. 348Tony

    348Tony Formula Junior
    BANNED

    Jun 8, 2010
    537
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    Full Name:
    Tony
    #25 348Tony, Dec 16, 2010
    THAT IS AN AWESOME IDEA! Will it work though considering I'm going to be listed as a driver?

    Tell me more...
     
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