Insurance

[alsant]

Great thread and timing
Thinking of getting a 65 Dart so been looking into insurance

I’ve had Hagerty before and they were great.

Comparing them and American Classic now.

 

[Hey-O]

My IRA’s

Slow and steady wins the race. It's been a good year. The theme always goes like this, when in Rome, do like the Romans. There's been several times this year my wife says, is that even possible, for the good days and bad days. The way I see it, even with all the liabilities insurance companies face, they do a better job of matching assets and liabilities. Every dime spent is a dime made. I didn't hear anyone say they were dropping their car insurance or homeowners, which you can't if you owe on it or if you're stupid enough to cancel if you do own it. Banks are or could be a problem, but I don't do banks. I don't even like people that like banks. It's not a perfect system or always easy to watch sometimes, but we will always play and that keeps the circle moving. Just pay the premiums and keep moving. I will say, It's going to get interesting here pretty soon, we'll see coming up here, who blinks first.

 

[Melk-man]

My Charger hasn’t left the garage yet so it’s insured for 30K for a premium of 600 per year.
I called for a revised quote as the car is almost completed.
Hagerty rep asked if my paint is over 10K, yes.
Has the car been modified, I said no just rebuilt.
Quote for 70K was 2200 per year. Crazy !
I have no tickets or accidents. Great credit..

i have hagerty for my 70gtx, insured for the $75k i paid for $750/yr with 100/300 uninsured motorist. good thing the motor is just a rebuild, not souped up and more HP as that would add to the premium. i'm about 40 min north of Tampa, FL. Just spent another $25k on suspension, distributor, few trans seals and valley pan gasket, carb tune, new tires.. keeping the insured value just under $100k made a diff and i think i'll pay a bit over $800/yr vs $1000, and this includes "salvage value" provision where I keep the car and part out what i can, if i want..

 

[BDnFL]

i have hagerty for my 70gtx, insured for the $75k i paid for $750/yr with 100/300 uninsured motorist. good thing the motor is just a rebuild, not souped up and more HP as that would add to the premium. i'm about 40 min north of Tampa, FL. Just spent another $25k on suspension, distributor, few trans seals and valley pan gasket, carb tune, new tires.. keeping the insured value just under $100k made a diff and i think i'll pay a bit over $800/yr vs $1000, and this includes "salvage value" provision where I keep the car and part out what i can, if i want..

I’ll have to call Hagerty and maybe get another rep to explain the quote.
I’m 40 miles from Orlando or any city.

 

[Budnicks]

It used to be the older your car got, your insurance went down.When was the last time that happened. Now my 65 that would have been considered cheap as far as personal property tax, is now being judged by mileage, rather than just an old car. Creative minds in our government looking for loop holes to screw us.

Legal extortion,
you're screwed if you do & equally as screwed if you don't
they (Ins. Co.'s) have;
profited for decades off insurance payments of 95% good drivers
that never file a claim, at all, & now everyone pays for their extortion,
IMHFO & State Farm & Hartford are the worst here

AAA has been OK, been with them for like 30 years now
but the prices have gone up way too much
& we have all the cars/trucks home/s & I had my bus. covered too, all with liability also
some of the home Owners have gone up 'doubled in price here' mine did,
& If you're luck it only doubled, had to negotiate for a higher deductible,
it was none $0's it's now $5k & I still pay more than pre 2021 prices
some areas above me, a lil' more rural, less dense population, higher elevations
& they don't have a firehouse at the end of their road, a 1/4 mile down
are or have tripled or even quadrupled in cost 'per annual'
(cars & trucks have too)
what was $1,500 a year with great coverage, is $4,500 now, H/O Ins.
or $6,000+ for a $500k dwelling, regular home,
allegedly you pay for 125% of rebuilding a $500k house is appr. $650k,
if you can find a contractor
(allegedly same deal for cars/trucks/bikes, you're paying at a 125% rate)
& if you let your insurance laps, or are late for whatever reasoning
(I'm never late to pay anything, I pay as soon as I get my statement or bill, if it's not extortion)
&/or you want to shop the market, try to get a better deal
&/or need to get a new policy, because they dropped million here
(going to be worse since the LA fires now, we will fund it, up north)
many people up here, even in good standings, never late etc.
now are getting refused coverage, dropped period
cars trucks SUVs, even homes...

It's a total scam for pass thru profits (like a guaranteed 17%),
anyone tells you otherwise is Bull-face liars or works for the Ins. racket/extortion
is profiting off the extortion...

 

[68BabyBlue]

Legal extortion,
you're screwed if you do & equally as screwed if you don't
they (Ins. Co.'s) have;
profited for decades off insurance payments of 95% good drivers
that never file a claim, at all, & now everyone pays for their extortion,
IMHFO & State Farm & Hartford are the worst here

AAA has been OK, been with them for like 30 years now
but the prices have gone up way too much
& we have all the cars/trucks home/s & I had my bus. covered too, all with liability also
some of the home Owners have gone up 'doubled in price here' mine did,
& If you're luck it only doubled, had to negotiate for a higher deductible,
it was none $0's it's now $5k & I still pay more than pre 2021 prices
some areas above me, a lil' more rural, less dense population, higher elevations
& they don't have a firehouse at the end of their road, a 1/4 mile down
are or have tripled or even quadrupled in cost 'per annual'
(cars & trucks have too)
what was $1,500 a year with great coverage, is $4,500 now, H/O Ins.
or $6,000+ for a $500k dwelling, regular home,
allegedly you pay for 125% of rebuilding a $500k house is appr. $650k,
if you can find a contractor
(allegedly same deal for cars/trucks/bikes, you're paying at a 125% rate)
& if you let your insurance laps, or are late for whatever reasoning
(I'm never late to pay anything, I pay as soon as I get my statement or bill, if it's not extortion)
&/or you want to shop the market, try to get a better deal
&/or need to get a new policy, because they dropped million here
(going to be worse since the LA fires now, we will fund it, up north)
many people up here, even in good standings, never late etc.
now are getting refused coverage, dropped period
cars trucks SUVs, even homes...

It's a total scam for pass thru profits (like a guaranteed 17%),
anyone tells you otherwise is Bull-face liars or works for the Ins. racket/extortion
is profiting off the extortion...

Back in the day, my grandfather paid “protection” to the Brooklyn, NY mob. I dealt with similar players in the corporate world, two generations later. Legal extortion, probably not as good a value…

 

[Budnicks]

Back in the day, my grandfather paid “protection” to the Brooklyn, NY mob. I dealt with similar players in the corporate world, two generations later. Legal extortion, probably not as good a value…

that was exactly my intention of the thread/post

strongarming scam, legal now, pay me now for protection "maybe later"

 

[68BabyBlue]

that was exactly my intention of the thread/post

strongarming scam, legal now, pay me now for protection "maybe later"

My grandfather got immediate, effective protection. Nobody considering stealing from him after they saw the logo of the “detective agency” on his storefront.