Insurance carrier? | FerrariChat

Insurance carrier?

Discussion in '458 Italia/488/F8' started by ForeverNA, Sep 26, 2017.

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  1. ForeverNA

    ForeverNA F1 Rookie
    Rossa Subscribed

    Dec 14, 2014
    2,552
    Hi, there,
    What insurance do you use? I have changed the car insurance to State Farm and I would like to change carrier.
    Thanks!
     
  2. Zcobra1

    Zcobra1 Formula 3
    Silver Subscribed

    Oct 9, 2012
    1,242
    So Cal
    Full Name:
    Bert
    Liberty mutual, year 2000-360 Modena, $680 per year. 5K miles per year rated.
     
  3. ForeverNA

    ForeverNA F1 Rookie
    Rossa Subscribed

    Dec 14, 2014
    2,552
    is it agreed upon value?

    I am trying with Grundy. How much would you put down the value for a 2015 458 coupe, 2+ miles, MSRP 320K? I put 270k. Price is 2600 annually. But the Grundy website list only 35K for the uninsured motorist...
     
  4. obbob

    obbob Formula Junior
    Silver Subscribed

    Aug 14, 2017
    774

    In my opinion you don't need agreed value for a 458 Italia. The car is in its depreciation curve now, and there's enough of them being sold that price aggregators and used car listings are readily available as proof of value in the event of a total loss.
     
  5. ForeverNA

    ForeverNA F1 Rookie
    Rossa Subscribed

    Dec 14, 2014
    2,552
    I think you are right. It is just that the website asks me about the value, and I just put in the balance of the loan...
     
  6. Jatus24

    Jatus24 Rookie

    Dec 30, 2014
    36
    Los Angeles
  7. Cigarzman

    Cigarzman F1 Veteran
    Owner Rossa Subscribed

    State Farm 2012 458 spider , 1450 $ per year with no miles limitation.
     
  8. brobin

    brobin Karting

    Nov 4, 2015
    125
    Philadelphia Area
    ACE Insurance Company-agreed upon value-no limit on millage, cost is $1,000 per year (2018 488 GTB).
     
  9. misha

    misha Karting

    Sep 13, 2017
    56
    Does anyone here have insurance that covers HPDE events (not racing)?
     
  10. F458Spider

    F458Spider Karting

    Apr 12, 2015
    193
    Are quotes here as a second car? I don't have a first car so I think rates are more expensive when in this situation. Also I live in NYC. My rates are multiples of what is posted here for a 2015 458 Spider (only car in NYC) with 3k mile limitation and $340k stated value. I'm using Pure which also provides our homeowners policy.
     
  11. F458Spider

    F458Spider Karting

    Apr 12, 2015
    193
    Chubb is excellent also, but will have higher rates. They pay quickly.
     
  12. brobin

    brobin Karting

    Nov 4, 2015
    125
    Philadelphia Area
    I have three autos on the policy. I also have my homeowners and umbrella policies with the auto. I agree your location commands a higher rate. PM me and I will give you my brokers contact information for another quote.


    Sent from my iPhone using Tapatalk
     
  13. F458Spider

    F458Spider Karting

    Apr 12, 2015
    193
    I can't seem to find how to PM on this new platform. I went to your profile and there is no option to send a personal message or I missed it.
     
  14. 3POINT8

    3POINT8 F1 Veteran
    Rossa Subscribed Silver Subscribed

    Jan 23, 2014
    5,226
    gieco. rate is high because of tickets/accident...
     
  15. brobin

    brobin Karting

    Nov 4, 2015
    125
    Philadelphia Area
    You're right, I can't find it either. Call Kevin Brooks of Johnson Kendall Johnson-215-579-6434. You can use my name (Robin Eglin). Let me know how it goes.
     
  16. vincep99

    vincep99 Formula 3
    Owner Silver Subscribed

    Jun 8, 2009
    1,938
    I went through my local independent insurance agent and he went with Grundy for the 458 and State Farm for the daily driver.
     
  17. F458Spider

    F458Spider Karting

    Apr 12, 2015
    193
    Thx!
     
  18. FerrariPaula

    FerrariPaula Karting

    Nov 26, 2016
    135
    Redmond, WA USA
    I couldn't find one that did. I used Lockton earlier this year but hear that Haggerty now has HPDE insurance.

    State Farm, $1700 per year for my 2014 458 (two cars with State Farm with two driver family, home owners, no recent tickets).
     
  19. KasedyT

    KasedyT Karting

    Aug 23, 2006
    68
    NY
    I picked up my new 2018 488 Spider last fall and I never asked how much the insurance premium would be. I have 5 cars, no accidents or tickets and I’m over 50. The annual premium with Travelers is $7,000! Apparently there is no ISO rating for the 488 yet as it’s so new so they use actual value. I was expecting it to be $2000-$3000 a year. Anyone have similar experience?
     
  20. brobin

    brobin Karting

    Nov 4, 2015
    125
    Philadelphia Area
    That’s a very high premium. I have a new 2018 488 and the premium is a little over $1,000 with an agreed value amount. You should shop around.


    Sent from my iPhone using Tapatalk
     
  21. Zinger

    Zinger Formula 3

    Apr 11, 2009
    1,894
    Leesburg, Va
    Full Name:
    Ryan M
    I have been with Geico 25+ years. I have a 2018 488GTB, 2017 BMW X5M (daily), 2014 Range Rover Supercharged, and a 2007 Range Rover HSE. Perfect driving record $4100 a year total. I was shocked the 488GTB doubled my premium I am going to shop around.
     
  22. Zinger

    Zinger Formula 3

    Apr 11, 2009
    1,894
    Leesburg, Va
    Full Name:
    Ryan M
    I actually think I am at $4100 for six months! I have to double check with Geico. I cant recall but I know my 458 was not this much along with my other cars..
     
  23. Gum12345

    Gum12345 Karting

    Jul 8, 2017
    171
    USA
    Can you give me your broker info? $1k a year (not 6 months?!) is really low
     
  24. F458Spider

    F458Spider Karting

    Apr 12, 2015
    193
    I think I've read this thread before and then I doubled checked my 458 Spider rates and no one came close to the low rates on this thread. It depends on where you live and where car is parked. I live in NYC and even though the car is "park and lock" in a huge space with pillars around it (no other car doors can come close to touching it), the rate with Pure is about $4500 per year as an only car (clean driving history). However, I'm getting an SUV and there is no two car discount because the 458 is a different class of car (hmmm...). Keep in mind I insure the car for a fixed, full value of about $340k so I can get a fully loaded new car if it was wrecked or stolen. With the new car, my broker is going to shop it around again when premium is due in a couple months.
     
  25. brobin

    brobin Karting

    Nov 4, 2015
    125
    Philadelphia Area
    Look on the thread for broker info. The premium I have is for a year.
     

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