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Need Insurance help. 26 with 2 points

Discussion in 'Ferrari Discussion (not model specific)' started by superyota, May 14, 2004.

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  1. superyota

    superyota Formula Junior

    Mar 29, 2004
    351
    Newport Beach
    #1 superyota, May 14, 2004
    I just bought a new 360 and I need help getting insured. Farmers wants $4500 a year with a $2500 ded. and 6K miles limit. Is that a okay deal? I am 26 with 2 points (speeding) on my record and have my house and other car with farmers. Anyone help would be great.
     
  2. RumorDude

    RumorDude Formula Junior

    Dec 16, 2003
    629
    Woodinville, WA
    #2 RumorDude, May 14, 2004
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    u
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  3. roccapalumbo

    roccapalumbo Karting

    Mar 16, 2004
    135
    ohio
    Full Name:
    robert
    #3 roccapalumbo, May 14, 2004
    Wow! I'm not in the insurance business, but that seems ridiculous to me. I have a 360F1, married, two kids, no points and 843/year with 1000 deductible. State Farm. I have four other cars, home, business,plup,motorcycle and retirement plan policy with them. I would look around. LOL
     
  4. zjpj

    zjpj F1 Veteran

    Nov 4, 2003
    6,124
    USA
    #4 zjpj, May 14, 2004
    If it's not your primary car then you should be able to get a break. Insurance is really expensive for young people. I have a friend with three pretty high end cars paying I think around $10,000 a year.
     
  5. superyota

    superyota Formula Junior

    Mar 29, 2004
    351
    Newport Beach
    #5 superyota, May 15, 2004
    Paying $4500 for a second car just seems like too much money. How about different companies?
     
  6. gabriel

    gabriel Formula 3

    Apr 15, 2001
    1,647
    Port Saint Lucie, Fl
    #6 gabriel, May 16, 2004
    In my experience, none of the companies gave a d@mn about my driving record, although they all paid lip service to it.

    It all came down to my credit score.

    Did you try the companies that specialize in exotics such as Haverty's or Chubb?
     
  7. racerdj

    racerdj F1 Veteran
    Owner

    Jan 19, 2003
    6,952
    Indianapolis
    Full Name:
    DJS
    #7 racerdj, May 16, 2004
    State Farm here, Ferrari $460/6 months 1000 ded. and the Lamborghini $647/6 months 1000 ded. due to hp.
     
  8. Dave

    Dave F1 Rookie

    Apr 15, 2001
    2,722
    Little Rock
    Full Name:
    David Jones
    #8 Dave, May 16, 2004
    Call Gary Green!
     
  9. superyota

    superyota Formula Junior

    Mar 29, 2004
    351
    Newport Beach
    #9 superyota, May 16, 2004
    I will be calling them..If they go off credit score I am in luck... Thanks for the help
     
  10. rsrx

    rsrx Karting

    Dec 11, 2003
    59
    Encinitas, CA
    Full Name:
    Alphonse
    #10 rsrx, May 16, 2004
    You might want to give HAGERTY a try also.
     
  11. lotustt

    lotustt Formula 3

    Aug 28, 2002
    2,026
    Full Name:
    TRM
    #11 lotustt, May 16, 2004
    Points come off your license in 18 months from the time of the offense. Or take a drivers course and get them taken off.
     
  12. W00dEar

    W00dEar F1 Rookie
    BANNED

    Feb 24, 2004
    3,592
    LI, NY
    Full Name:
    Chris
    #12 W00dEar, May 16, 2004
    wow, i think a 5 yrs old Civic will cost more to insure for me.
    i guess location really play HUGE factor for insurance.
     
  13. rsrx

    rsrx Karting

    Dec 11, 2003
    59
    Encinitas, CA
    Full Name:
    Alphonse
    #13 rsrx, May 16, 2004
    Depending on what state you live in will determine the time frame of the points falling off your record. In California it takes 3 years for a monir violation to fall off one's driving record.

    As a licensed Insurance Agent, I have a few clients who have "special" cars. Old American Iron muscle cars, and a client who has a Mondial Cabriolet who only drives the car very rarely. They all have Hagerty as the premium is very competitive and the useage is very low. Now if you drive the car on a regular basis (daily driver) you should just shop around for a reputable company.

    Good Luck
     
  14. superyota

    superyota Formula Junior

    Mar 29, 2004
    351
    Newport Beach
    #14 superyota, May 16, 2004
    I got a ticket doing 103 in CA.. it is a 2 point ticket and lasts 7 years. It will stay on my record for 5 more years. I plan on th driving 5K miles a year.
     
  15. M.James

    M.James F1 Rookie

    Jun 6, 2003
    2,721
    Worcester, MA
    Full Name:
    Michael.C.James
    #15 M.James, May 18, 2004
    FORGET Hagerty - if your record is not spotless, they will not do business with you.
     

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