Car Insurance

I have had very good luck with Hagerty. I have the limited use classic policy, but I think that they have a modern exotic program, as well. Good rates, good customer service, and they have been very good about the one claim I had so far. Get agreed value insurance, with comp and collision.
http://www.hagerty.com

 

Jim, given the value of your car, I dont see how you cld consider not carrying comp and collision coverage. There are several special interest insurance companies which offer collector car coverage. They usualy have certain limitations on the type of use (pleasure, work commuting and racing) and have annual mileage caps but they also have agreed upon replacement values and are surprisingly affordable. Do a google search for the following companies and compare:

American Collectors
Grundy
Hagerty
Leland West

Im sure there are more - that list is off the top of my head.

Good luck and congrats on the new toy!
Greg

 

I have a 348 SS and had the same experience with State Farm - they had no information on the car to provide a quote. So I went with Chubb - they are experienced with Ferrari and other high line exotics. I have been very pleased with their service, including assigned value coverage, glass breakage rider with no deductible, and unlimited use of the car. My policy is 500K/250K/500K with 1k deductible (except glass no deductible) unlimited miles at $1200/year. I can even drive the car to work.

 

I have an SS also. My insurace is AAA with 300k/100k, full coverage. No limitation on mileage (I can drive it everyday, to the office, etc), 500/100 deductible. No special arrangement (3rd vehicle in my policy).

My premium is $1250.

 

Hello Jim. I noticed you live in Lubbock. I am in Amarillo and have a good mechanic up here for my 308. He doesn't speak good english (he's vietnamese) and he has an unassuming shop, but he can do it all - porsches, mb, you name it and he is very reasonable. I would trust him over any Ferrari dealership. Let me know if you want more info.

 

I use State Farm. It took a little time to get a quote, but they came back with a competitive rate. I have it as a pleasure car as the 3rd car in a 2 person household, but it's not a mileage restricted policy or anything odd like that. With comp and collision and a $500 deductible, the price is only a few dollars a month more than my pickup.

I also picked up a blanket liability policy, in case someone wants to sue what they consider "the rich guy in the Ferrari"

 

If you jack the deductable to 1000 each you should save some cash year to year. Ask. That's what I did.

 

everybody should have one of these - especially if you own a ferrari. it's a beacon for stupid morons to sue you

i'm a fan of chubb's umbrella liability policies (fwiw).

doody.

 

My State Farm agent quoted me almost immediately. $500 deduct., about $1000/year.

 

Umbrella policy is a must these day's, even if you do not drive a Ferrari, Also, go with the highest deductibles on both comp. and collision.

 

Stay away from Leland West!!

I spent 3 days sending personal information back and forth! Information that wasn't even required, or asked for by 3 other companies I spoke too!!
They were downright rude! Finally when I requested to discuss my issues with a manager, the head of the company responded: " Tell them we are returning all the paperwork and take their business elsewhere! Nice way to do business!!! True customer service!!

The good news is that Hagerty Insurance came through! A true professional company. They sent the application via email and explained it would probably take approx 24-48 hours to process. After I explained I was looking to expedite the process due to reasons related to the purchase, they worked non-stop to complete the application. I called them at 2:00 pm and they had me qualified with paperworked faxed to me by 6:00 pm !!!

Truely a wonderful experience to work with Hagerty! A++ for customer Service!

(PS, I don't have an association with either company, just a consumer who could not believe degree of professionalism between two companies!)

 

I have Hagerty for my '78 308. If you don't plan on using the car as a daily driver they have excellent rates for "collector cars". Full coverage, no deductible and agreed upon value costs a whoping $231 a year. They were also very helpful in completing the whole process. Mine does have a mileage restriction, but how many miles do you plan on putting on the car anyway?

 

I have a 90 348ts, zero deductible and my premiums are about $700 per year through Grundy.

 

I had the same problem with Mercury. I called Hagerty and Leland, but they would only insure for pleasure driving. I wanted to drive to work also, so they were a no go.

I ended up going with AAA - I pay about $720 / Year for full coverage.