Grabber Posted March 27, 2011 Report Share Posted March 27, 2011 Farmers let me put mine on fire & theft coverage only during the winter when my car is winterized. I think it's about 48 bucks for 6 months. During the driving season it cost me close to 500 bucks to carry full coverage for 6 months. Link to comment Share on other sites More sharing options...
11GT500AL Posted March 27, 2011 Report Share Posted March 27, 2011 American National... no problem adding my '11 vert. Link to comment Share on other sites More sharing options...
SHELBY1962X Posted March 28, 2011 Report Share Posted March 28, 2011 I have Grundy for my GT500, Agreed value and $375.00 a year. Link to comment Share on other sites More sharing options...
DDT Posted March 28, 2011 Report Share Posted March 28, 2011 Farmers let me put mine on fire & theft coverage only during the winter when my car is winterized. I think it's about 48 bucks for 6 months. During the driving season it cost me close to 500 bucks to carry full coverage for 6 months. As long as it's in the "BIG BUTT BUBBLE" Rob??????????? Link to comment Share on other sites More sharing options...
DOGEMAN223 Posted March 28, 2011 Report Share Posted March 28, 2011 I have Grundy for my GT500, Agreed value and $375.00 a year. I never heard of this company are they good lejet insurance company? If they are I am interested. Link to comment Share on other sites More sharing options...
Squidly Posted March 28, 2011 Report Share Posted March 28, 2011 Another +1 for USAA. Geico has always been overpriced. The prices you were quoted are outrageous unless you've had a few infractions. Link to comment Share on other sites More sharing options...
SHELBY1962X Posted March 28, 2011 Report Share Posted March 28, 2011 I never heard of this company are they good lejet insurance company? If they are I am interested. They are big in the collector insurance business. The most important thing to look for on insuring a classic or collectible is "agreed value". 99% of the regular insurance companies do not offer this, then you are at their mercy as to what you will get in the event of a total loss. Don't settle for the "stated value" BS from other companies either. With "Stated Value" you can say the car is worth "X" amount and pay the premium on that, when there a loss it's up to YOU to prove it was worth that much, agreed value is just that, both parties agree when it is written, no BS. Grundy does not put a limit on annual mileage, they only require that you keep the car in a garage. I used them for my BOSS 429 and a few other cars. http://www.grundy.com/ Link to comment Share on other sites More sharing options...
DOGEMAN223 Posted March 28, 2011 Report Share Posted March 28, 2011 They are big in the collector insurance business. The most important thing to look for on insuring a classic or collectible is "agreed value". 99% of the regular insurance companies do not offer this, then you are at their mercy as to what you will get in the event of a total loss. Don't settle for the "stated value" BS from other companies either. With "Stated Value" you can say the car is worth "X" amount and pay the premium on that, when there a loss it's up to YOU to prove it was worth that much, agreed value is just that, both parties agree when it is written, no BS. Grundy does not put a limit on annual mileage, they only require that you keep the car in a garage. I used them for my BOSS 429 and a few other cars. http://www.grundy.com/ Thanks Link to comment Share on other sites More sharing options...
ponyboy96 Posted March 29, 2011 Report Share Posted March 29, 2011 I'm 32 and use Amica, I pay around $870 per year for my 10. That's full coverage with a $500 deductible and balloon coverage. Link to comment Share on other sites More sharing options...
John Allen Posted March 29, 2011 Report Share Posted March 29, 2011 Call them again and just say you have a Mustang, Vin# xxxxxxxxxxxxxxx and see what they say. The GT 500 is just another Mustang here in Colorado. Link to comment Share on other sites More sharing options...
olie02 Posted March 29, 2011 Report Share Posted March 29, 2011 Have you kids excluded from the vehicle and it should hurt you as much. I'm 31 and paying $339 every 6 months from Allstate. $500 deductible, "Pleasure" rated (not my DD) which has no mileage limit (not that I need it I don't drive it in rain or snow) 300/100/100. Best part is I can put it in "Storage" during the winter which lowers the cost to <$15/month. No speeding tickets/accidents on record by the grace of God considering how fast I drive.... I had a $125,000 At Fault Accident 3 years ago, and a 15MPH over speeding ticket a year back, and I pay $160/month for my 2012, and I'm a single male at 23 years of Age and using the vehicle as my Daily Driver with coverage like 70/85/70. I checked with Progressive and they were over $455/Month, Statefarm $550, Allstate $395. Mercury was a steel at $160. The Funny thing is that I did check if I just bought a Measly Lexus IS350, and monthly it was still $145/Month, so My conclusion was that Mercury Insurance charged me mostly based on ME, not my CAR..and even with my less than perfect driving record, they still wanted me. Additionally I know some insurance companies are complete crap if you actually need them, but I have many customers out here in CA, that have used them and say their Customer Service is Absolutely amazing after a Claim.. I Would Suggest Everyone Check them out- Link to comment Share on other sites More sharing options...
Blown Away Posted March 30, 2011 Report Share Posted March 30, 2011 I have Grundy for my GT500, Agreed value and $375.00 a year. Wow that's a deal, how'd you swing that? I just got a quote from Grundy for my SGT, $870 a year for 60K stated value and no mileage restriction (gotta love that part). It's only about $220 more than I pay now with Wawanesa, but it is stated value. $220 is not bad for peace of mind as I know Wawanesa is not going to pay me 60K if I total the car. Dan Link to comment Share on other sites More sharing options...
SHELBY1962X Posted March 30, 2011 Report Share Posted March 30, 2011 Wow that's a deal, how'd you swing that? I just got a quote from Grundy for my SGT, $870 a year for 60K stated value and no mileage restriction (gotta love that part). It's only about $220 more than I pay now with Wawanesa, but it is stated value. $220 is not bad for peace of mind as I know Wawanesa is not going to pay me 60K if I total the car. Dan No tickets, 49 yrs old and agreed value of $30,000.00 Link to comment Share on other sites More sharing options...
Blown Away Posted March 30, 2011 Report Share Posted March 30, 2011 No tickets, 49 yrs old and agreed value of $30,000.00 I'm similiar, no tickets, 44yo, but like I said earlier, I went with 60K. Dan Link to comment Share on other sites More sharing options...
kawwy600 Posted April 1, 2011 Report Share Posted April 1, 2011 I have Geico in California and their system registers it as a mustang VIN # ......... Link to comment Share on other sites More sharing options...
venom Posted April 10, 2011 Report Share Posted April 10, 2011 45 here. No tickets. No kids. Clean record with no accidents. I'm paying 538 with Heacock for 1 yr guaranteed replacement value at 45K, but only 1K miles. Had a cheper policy with Heacock when Infinity was their underwriter. 422/yr with 3K mileage limit. But they dumped Infinity for American Modern as the underwriter and my policy went up and mileage down. Anybody get any cheaper insurance than this? I'd like to know cause I'd switch to save money! Link to comment Share on other sites More sharing options...
sigsauer Posted April 11, 2011 Author Report Share Posted April 11, 2011 I have Geico in California and their system registers it as a mustang VIN # ......... Yeah, it was probably how I described the car as a "Shelby GT500 Mustang". Grundy is the best rate/policy that I have seen so far in my shopping. Roughly $800.00 in NYC (garaged of course) no mileage restrictions and higher than required limits. Link to comment Share on other sites More sharing options...
Ezareth Posted April 11, 2011 Report Share Posted April 11, 2011 I had a $125,000 At Fault Accident 3 years ago, and a 15MPH over speeding ticket a year back, and I pay $160/month for my 2012, and I'm a single male at 23 years of Age and using the vehicle as my Daily Driver with coverage like 70/85/70. I checked with Progressive and they were over $455/Month, Statefarm $550, Allstate $395. Mercury was a steel at $160. The Funny thing is that I did check if I just bought a Measly Lexus IS350, and monthly it was still $145/Month, so My conclusion was that Mercury Insurance charged me mostly based on ME, not my CAR..and even with my less than perfect driving record, they still wanted me. Additionally I know some insurance companies are complete crap if you actually need them, but I have many customers out here in CA, that have used them and say their Customer Service is Absolutely amazing after a Claim.. I Would Suggest Everyone Check them out- Those liability limits are dangerous. I think 100/300/100 is a bare minimum. You're putting yourself at risk if you ever do get in a serious accident. Link to comment Share on other sites More sharing options...
JWG223 Posted April 12, 2011 Report Share Posted April 12, 2011 Those liability limits are dangerous. I think 100/300/100 is a bare minimum. You're putting yourself at risk if you ever do get in a serious accident. It depends. Usually they lawyer just takes whatever the policy gives. My friend was in a wreck and got over $1M for his injuries. They were hit by a corporate vehicle. However, they got over $1M. So, the point is, they will pay out what the policy is worth, and then that is that. Or they will sue you, regardless, and that will be that. Just my opinion on it and why I don't carry professional insurance at work. They always just name the people with the largest policies and go after them. Link to comment Share on other sites More sharing options...
tedj Posted April 12, 2011 Report Share Posted April 12, 2011 State Farm in WA. Just a 2010 mustang with the vin and they were happy. Although on the last bill they revoked the safety discount for the gt500, something about too many claims?? Go figure.... Link to comment Share on other sites More sharing options...
Ezareth Posted April 12, 2011 Report Share Posted April 12, 2011 It depends. Usually they lawyer just takes whatever the policy gives. My friend was in a wreck and got over $1M for his injuries. They were hit by a corporate vehicle. However, they got over $1M. So, the point is, they will pay out what the policy is worth, and then that is that. Or they will sue you, regardless, and that will be that. Just my opinion on it and why I don't carry professional insurance at work. They always just name the people with the largest policies and go after them. I don't think anyone here with any measurable assets would like to put those at risk due to cutting corners with insurance. They just don't give anyone a million dollars for "injuries". Insurance companies dont just pay a million dollars because they are "corporate". Link to comment Share on other sites More sharing options...
jrcjr65 Posted April 14, 2011 Report Share Posted April 14, 2011 No prob with Allstate Tx Ditto here.. Link to comment Share on other sites More sharing options...
sweenstang Posted April 14, 2011 Report Share Posted April 14, 2011 Speaking of insurance, has anyone's insurance carriers offered a discount if you have LoJack installed? I've heard this can help get the premium down, but don't know if they would apply it to a GT500. Anyone have insight on this? Link to comment Share on other sites More sharing options...
LuckySnake Posted April 14, 2011 Report Share Posted April 14, 2011 I don't think anyone here with any measurable assets would like to put those at risk due to cutting corners with insurance. They just don't give anyone a million dollars for "injuries". Insurance companies dont just pay a million dollars because they are "corporate". My last concern is what the payout on my car would be. There are too many low lifes looking for a payday. Link to comment Share on other sites More sharing options...
SVT NAJA Posted April 14, 2011 Report Share Posted April 14, 2011 It depends. Usually they lawyer just takes whatever the policy gives. My friend was in a wreck and got over $1M for his injuries. They were hit by a corporate vehicle. However, they got over $1M. So, the point is, they will pay out what the policy is worth, and then that is that. Or they will sue you, regardless, and that will be that. Just my opinion on it and why I don't carry professional insurance at work. They always just name the people with the largest policies and go after them. Thanks for the lesson in Risk Management. I'm glad you're not my insurance broker. lol Link to comment Share on other sites More sharing options...
doc scott Posted April 15, 2011 Report Share Posted April 15, 2011 Hagerty, they cover sons S-GTC and the 500 with a agreed value on both, son is 22 much cheaper than others, claims service second to none, and have all drivers in my families info. Doc Scott Link to comment Share on other sites More sharing options...
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