Insurance options when living in Downtown Chicago | FerrariChat

Insurance options when living in Downtown Chicago

Discussion in 'Chicago' started by tfazio, Sep 10, 2021.

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  1. tfazio

    tfazio Formula 3
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    Apr 20, 2004
    1,969
    Michigan
    #1 tfazio, Sep 10, 2021
    Hi all,

    I am looking for some assistance here. I sold a Ferrari to a client who lives in Downtown Chicago and he is looking for a reputable insurance company to insure his new Ferrari. Can any of you recommend any insurance companies? Feel free to direct message me if you prefer. Thanks!
     
  2. JP365

    JP365 Formula 3

    Mar 8, 2007
    1,345
    Chicago
    Full Name:
    John F
    #2 JP365, Sep 10, 2021
    I’m in Ravenswood (neighborhood on the north side of Chicago) and I currently use American Modern. I use to use State Farm, but their rates were higher and didn’t have agreed value. They also required an appraisal every year or two. No issues with where I lived with either. That said, is the issue with the communal garage in a high rise? AFAIK, State Farm is ok with that. Not sure about American Modern.
     
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  3. bradley ritner

    bradley ritner Rookie

    Aug 18, 2020
    26
    #3 bradley ritner, Sep 12, 2021
    Insurance can be tough if you don’t have a private garage. I live in Old Town in a high rise and no one would insure my 87 Countach in the communal garage in my building.

    Went with Hagerty and now rent a slot at their Hagerty garage which of course meets security criteria.

    Lots of big dollar cars stored there so may be worth a look.

    Their insurance options are designed for collectors as long as it is not your daily driver.


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  4. jjmalez

    jjmalez F1 Veteran
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    Apr 8, 2005
    5,978
    Northern Illinois
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    Joseph
    #4 jjmalez, Sep 12, 2021
    Insurance options when living in downtown Chicago?

    Life insurance. Lots of it.

    ;)
     
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  5. tfazio

    tfazio Formula 3
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    Michigan
    #5 tfazio, Sep 14, 2021
    Thank you for all of the replies. They were very helpful.
     
  6. Townshend

    Townshend F1 Veteran
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    Jul 20, 2005
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    Walter
    #6 Townshend, Sep 23, 2021
    To chime in I've had both State Farm and Nationwide for higher end vehicles living downtown and in communal garages. Good luck!
     
  7. wildcat326

    wildcat326 Formula 3
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    Dec 10, 2012
    1,777
    Chicago, IL
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    Justin
    #7 wildcat326, Oct 11, 2021
    Dunno if it’s a newer model and he plans to daily it, but if it’s a collector car, I used Grundy for my 308, live in City, and they were half what Hagerty wanted.
     
  8. DavidPutty

    DavidPutty Karting

    Jan 19, 2020
    113
    Del Boca Vista
    #8 DavidPutty, Jan 15, 2022
    I'm not usually a big fan of traditional insurance agents but got the best deal at state farm. Couldn't do hagerty because they require you to own a "regular" car. As a city dweller my daily driver is a bike and the cta

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