which insurance companies do you use to insure your Ferrari? | FerrariChat

which insurance companies do you use to insure your Ferrari?

Discussion in 'Ferrari Discussion (not model specific)' started by RolexWatchDealer, Aug 26, 2017.

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  1. RolexWatchDealer

    BANNED

    Aug 7, 2017
    2
    DC Metro
    Full Name:
    AT
    My Renewal is up and Im wondering if I can get cheaper rates somewhere else. I wanted to do a poll but didnt know how to do one here. would appreciate if fellow members share who they use to insure. Im with farmers and I am paying 2500/year just for a 99 360 Maryland DC Suburb.

    Thank you in advance.
     
  2. buddyg

    buddyg F1 Veteran
    Rossa Subscribed

    Sep 20, 2004
    5,452
    West Michigan
    Full Name:
    Buddy
    American Modern Insurance, I paid $1200 per year for My 1997 Ferrari F355 spider with a stated value of $85,000
     
  3. GTS Bruce

    GTS Bruce Pisses in your Cheerios

    Oct 10, 2012
    793
    Orchard Park NY
    Full Name:
    Bruce Roche
    State Farm. House,cars,umbrella. On the F car you can drop Liability for the winter. Keep it in the garage. Still insured. Keep the plates. No driving. BTW get a reputable appraisal with a copy kept at the appraiser,your house and of course one for the ins co to keep on file.
    GTS Bruce
     
  4. JimEakin

    JimEakin Formula Junior

    Jun 13, 2015
    988
    Mountain Living
    Full Name:
    Jim
    Auto Club for my 550.
     
  5. 19633500GT

    19633500GT F1 World Champ
    Rossa Subscribed

    Nov 9, 2010
    11,983
    Blueberry
    Full Name:
    Muffin-Tops
    I had Hagerty. But for a mere Mondial.

    They were very reasonable. Agreed value too.
     
  6. f355spider

    f355spider F1 World Champ
    Owner Rossa Subscribed

    May 29, 2001
    17,934
    USA
    Grundy Worldwide. Whomever you choose, be sure to get an "agreed value" policy. If you ever were to have the unfortunate experience of totaling the car, an "agreed value" policy protects you from battling the insurance company from under valuing your car (they will). The legal adviser for Sports Car Market magazine covers this at least once per year, and explains how common these end up in court, and could be avoided by simply getting an agreed value policy.
     
  7. ttforcefed

    ttforcefed F1 World Champ
    Rossa Subscribed

    Aug 22, 2002
    18,853
    went from chubb to aig to pure
     
  8. ross

    ross Three Time F1 World Champ
    Owner Silver Subscribed

    Mar 25, 2002
    36,234
    houston/geneva
    Full Name:
    Ross
    chubb for the f40. the 512tr is under bob houghton's insurance, the 512bbi is under Cars Europe insurance, the 430 is under pure, and the latest 456 is under hagerty.

    i would opt to have them all under one umbrella but they are all in different places....
     
  9. blackbolt22

    blackbolt22 F1 Veteran

    Sep 25, 2007
    5,752
    Boca Raton, FL
    Full Name:
    Mr. Anderson
    It varies state to state. I use State Farm here in Florida.
     
  10. killer58

    killer58 Formula 3

    Jun 30, 2010
    1,189
    CA & DC
    I've been with USAA for 30+ years. They are unbeatable in my book.
     
  11. mickpucc

    mickpucc Karting

    Aug 6, 2010
    63
    Pa
    Full Name:
    Lorenzo M
    Grundy is excellent. I've used them for more than 20 years.


    Sent from my iPhone using Tapatalk
     
  12. unreelviper

    unreelviper Karting

    Jan 9, 2014
    174
    DMV
    Full Name:
    Mike
    I'm with State Farm and I'm paying $2000 per year for a 2005 Ferrari F430. I to live in the DC Suburbs
     
    458 Spider 0414 likes this.
  13. toggie

    toggie F1 World Champ
    Owner Silver Subscribed

    Nov 30, 2003
    19,036
    Virginia
    Full Name:
    Toggie (Ron)
    458 is American Modern. 550 and 65 Corvette are Hagerty.
    Daily drivers are Nationwide. Motorcycles are Progressive.
    .
     
  14. bball16

    bball16 F1 Rookie
    Rossa Subscribed

    Dec 2, 2011
    3,861
    NY LI FtL
    Full Name:
    Mike
  15. Jakey

    Jakey Karting

    Feb 2, 2016
    105
    S.F. Bay area
    Full Name:
    Jim
    I'm with Hagerty, with agreed value.
    I have not shopped around because Hagerty's rates are reasonable.
     
  16. Jakey

    Jakey Karting

    Feb 2, 2016
    105
    S.F. Bay area
    Full Name:
    Jim
    Hey Mike ( bball 16 ),
    Did ACE and Chubb merge?
     
  17. Robin

    Robin F1 Rookie

    Nov 1, 2003
    2,931
    Arlington, VA
    Yep I've been a Chubb guy for about 15 years now. ACE acquired them last year.

    Also since this is another insurance thread, it bears repeating again that shopping for insurance by lowest price is about as useful as shopping for tires by the lowest price. Not the best approach.
     
  18. lopena

    lopena Formula Junior
    Rossa Subscribed

    Nov 3, 2003
    693
    My four collector cars are all with Chubb...competitive pricing (although not necessarily the cheapest) and a stellar claims-paying reputation.
     
  19. wrs

    wrs F1 World Champ
    Owner Rossa Subscribed

    Jul 11, 2015
    12,053
    Lakeway, Texas
    Full Name:
    William
    I have farmers and they won't even give me full value, $100k on a $245k car, what a joke. I pay about $5000/yr for that. I tried other insurers like Chubb and Nationwide private but they won't write me. Not rich enough.
     
  20. robert biscan

    robert biscan F1 Veteran

    Jan 17, 2003
    5,066
    Nashville and Palm b
    Full Name:
    robert s biscan
    I use State Farm since I have been a customer for the last 40 years in a row.
     
  21. timjen88

    timjen88 Karting

    Aug 20, 2015
    241
    Colorado/Palm Springs
    I have Chubb for my '14 FF, agreed value $190k for $2800/year.
     
  22. bball16

    bball16 F1 Rookie
    Rossa Subscribed

    Dec 2, 2011
    3,861
    NY LI FtL
    Full Name:
    Mike
    Yes. Great company to work with.
     
  23. mickpucc

    mickpucc Karting

    Aug 6, 2010
    63
    Pa
    Full Name:
    Lorenzo M


    Go online and get an immediate quote from Grundy for stated value. My 07 f430 spider cost me about $1050.00 per year for $150k stated value policy.


    Sent from my iPhone using Tapatalk
     
  24. fga4

    fga4 Karting

    Jan 2, 2017
    119
    SF Bay Area
    Full Name:
    Jerry Cellilo
    Yes, Grundy saved me $600 a year over GEICO with the benefit of 120k stated value 2008 F430.


    Sent from my iPad using FerrariChat.com mobile app
     
  25. Carnut

    Carnut F1 Rookie
    Rossa Subscribed

    Nov 3, 2003
    3,797
    Gladwyne PA
    Full Name:
    Morrie
    I use State farm have for years, but now I get discounts for passing AARP safe drivers class, plus because I have so many cars I have these things I stick on the windshield and since I drive well below even their lowest mileage I get an additional 11% off. I guess there are a few good things about getting old.
     
    Texas Forever likes this.

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