What Are You Paying for Gallardo Insurance? | FerrariChat
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What Are You Paying for Gallardo Insurance?

Discussion in 'LamborghiniChat.com' started by ghost, Dec 20, 2005.

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  1. ghost

    ghost F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    10,046
    Singapore
    #1 ghost, Dec 20, 2005
    Surprisingly little information in the archives on Gallardo insurance.

    GEICO, my current insurer and who I've been with for over two years with a perfect driving record, is seeking to charge me $4,200 / year which I think is ludicrous.

    Unfortunately, I can't insure through many of the specialty insurance providers - Leland West, etc. - because, living in the city I don't keep another car, and many of them require a second vehicle to be used as a daily driver.

    Please let me know who you're using, the cost, and anything else pertinent that may have influenced the number (good / bad driving record, multiple cars covered, etc.)

    Thanks.
     
  2. JIMMY_V

    JIMMY_V Karting

    Jul 13, 2004
    54
    Dallas, tx
    Full Name:
    Jimmy
    #2 JIMMY_V, Dec 20, 2005
    $4,200 is high. I am with Farmers Ins paying $1,200 a year.
    My agent is looking for more clients call him up tell him Jimmy from f chat sent you.
    John Hosea
    1-800-667-6898
     
  3. ghost

    ghost F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    10,046
    Singapore
    #3 ghost, Dec 20, 2005
    Thanks. Will do.

    I heard All State and State Farm are pretty good too. Anybody have experience with them?
     
  4. G-force

    G-force F1 Rookie

    Aug 4, 2002
    3,053
    so california
    Full Name:
    wayne skiles
    #4 G-force, Dec 20, 2005
    think it is 550 every 6 months 1000 deductable...USAA
     
  5. ghost

    ghost F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    10,046
    Singapore
    #5 ghost, Dec 20, 2005
    You have to affiliated with the Forces to be eligible, correct?
     
  6. G-force

    G-force F1 Rookie

    Aug 4, 2002
    3,053
    so california
    Full Name:
    wayne skiles
    #6 G-force, Dec 20, 2005
    previously you had to have been an officer in the armed forces. Now however anyone who served can join. great rates on all types of insurance.
     
  7. noahlh

    noahlh Formula 3

    Aug 28, 2003
    2,231
    NYC, NY
    Full Name:
    Noah
    #7 noahlh, Dec 20, 2005
    Looks like it's time to enlist Vik! ;)
     
  8. Schatten

    Schatten F1 World Champ
    Owner

    Apr 3, 2001
    11,238
    Austin, TX
    Full Name:
    Randy
    #8 Schatten, Dec 20, 2005
    While not an exotic owner, I have insurance with Jimmy's guy too, John Hosea. Great guy and no problems at all. Then again, no claims either.
     
  9. senna21

    senna21 F1 Rookie

    Jul 2, 2004
    3,334
    Los Angeles, CA
    Full Name:
    Charles W
    #9 senna21, Dec 20, 2005
    !!!!!!!!! I'm paying $1,800/year ($500 deduct) on my 91 MR2Tubo here in LA. Clean driving record. Oh, yea I've checked around. Believe it or not that's the best rate.

    You guys have nothing to complain about.
     
  10. NRGMotorsportsInc

    NRGMotorsportsInc Karting

    May 9, 2005
    151
    Somewhere in the Sun
    #10 NRGMotorsportsInc, Dec 20, 2005
    Yeah, you really have nothing to complain about. My insurance on my Ford F-350 is over $3,000.00 per year with Geico. I too have a clean driving record. No accidents period and no tickets in the last 5 years. It is only because I live in Miami, FL. I'm looking to relocate to NC in the next few month and have already looked into insurance. It drops to around $700.00 anually.
     
  11. Dan Ciezniewzky

    Dan Ciezniewzky Formula 3
    BANNED

    Sep 6, 2004
    1,351
    Indianapolis
    #11 Dan Ciezniewzky, Dec 20, 2005
    if you're smart you'll get ANY other car you can find and make it your main vechile, even if you're just gonna put it up on blocks and never drive it. My NSX WOULD have been $3500 for 6 mos if it was my only car, but since I have a beater truck it droped to only $800 as a pleasure vehicle with 7k miles a year aloud..I only put around 5k miles on the NSX so it all works out :)
     
  12. FarmerDave

    FarmerDave F1 World Champ
    Consultant

    Jul 26, 2004
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    IgnoranteWest
    #12 FarmerDave, Dec 20, 2005
    I also insure my daily driver with John Hosea. :D
     
  13. anunakki

    anunakki Seven Time F1 World Champ
    Owner Rossa Subscribed

    Oct 8, 2005
    79,009
    Las Vegas Nevada
    Full Name:
    Jerry
    #13 anunakki, Dec 20, 2005
    Someones comment about buying a beater to be listed as your daily driver is 100% accurate...an exotic as your only car is always gonna be big $$

    As an example I live in Los Angeles ( expensive city) and have insurance through State Farm with one speeding ticket and I pay $ 6000 year total for a 2005 mercedes c55AMG, 1999 Ferrari 355 spider, 2001 Viper and a 2000 BMW M roadster... thats an averaqe of only $ 1500 per car.

    buy a beater ..
     
  14. David_S

    David_S F1 World Champ
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    Nov 1, 2003
    11,260
    Mountains of WNC...
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    David S.
    #14 David_S, Dec 20, 2005
    NOT true. I finished up my active service in 1994 and am NOT eligible. Believe me - I have tried to get a policy from them (they pretty much can't be beat!)
     
  15. ghost

    ghost F1 World Champ
    Lifetime Rossa

    Dec 10, 2003
    10,046
    Singapore
    #15 ghost, Dec 20, 2005
    I'm not sure this is correct for specialty insurers like Leland / Chubb. When I last spoke with them (admittedly, a couple of years ago) they stipulated that the car has to be three years or younger. Your strategy may work with mainstream insurers, but I've already got GEICO treating this as a pleasure vehicle with the mileage I put on it (<3K / year).

    You also forget that I live in New York, and housing this "beater" car in a garage would be $4K - $5K a year.
     
  16. Dan Ciezniewzky

    Dan Ciezniewzky Formula 3
    BANNED

    Sep 6, 2004
    1,351
    Indianapolis
    #16 Dan Ciezniewzky, Dec 20, 2005
    go get some POS for $200, get it insured, then go park it in a river :)...problem solved!
     
  17. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    #17 smooth, Dec 20, 2005
    If you want to play, you have to pay. Buy the car and don't sweat the small stuff.
     
  18. senna21

    senna21 F1 Rookie

    Jul 2, 2004
    3,334
    Los Angeles, CA
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    Charles W
    #18 senna21, Dec 20, 2005
    :rolleyes: Most of the people I know that own these, have any kind of wealth, have it because they sweat the small stuff.
     
  19. 993 guy

    993 guy F1 Rookie

    May 21, 2004
    3,066
    Bergen County NJ
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    Eric D
    #19 993 guy, Dec 20, 2005
    Well said.

    The small stuff always seems to add up to BIG stuff after a very short period of time. Sweating it is what makes you rich and keeps you rich...
     
  20. G-force

    G-force F1 Rookie

    Aug 4, 2002
    3,053
    so california
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    wayne skiles
    #20 G-force, Dec 20, 2005
    So what are their current requirements` for membership?
     
  21. ryalex

    ryalex Two Time F1 World Champ
    Consultant Owner

    Aug 6, 2003
    26,017
    Las Vegas, NV
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    Ryan Alexander
    #21 ryalex, Dec 20, 2005
    I was looking at taking out a policy for Gallardo attacks, and they wanted $500/yr, with $500 deductible. With those rates, I'll just take my chances out on the highways. Chances are my Subaru will blend in with the other cars and the Gallardos will just leave me alone.
     
  22. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    #22 smooth, Dec 20, 2005
    My friends, the trick is not being rich, BUT living rich.
     
  23. ryalex

    ryalex Two Time F1 World Champ
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    #23 ryalex, Dec 20, 2005
    Are you in advertising?! :p









    I smell a credit card offer!
     
  24. smooth

    smooth Formula Junior

    Nov 4, 2005
    682
    #24 smooth, Dec 20, 2005
    LOL.
     
  25. angrydrone

    angrydrone Rookie

    Oct 12, 2005
    42
    north Fort Worth
    Full Name:
    Chris
    #25 angrydrone, Dec 21, 2005
    Quote:
    Originally Posted by G-force
    think it is 550 every 6 months 1000 deductable...USAA

    USAA is great!! I pay $420 per year on my 1988 GMC Sierra, and I am only 16. Whenever I get a quote from them on a car they have great rates.
     
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