I forgot to mention that American Modern has an agreed value of $35,000 in addition to unlimited mileage and i'm allowed to drive it to work multiple times per week. $330 per year.
Location: Jacksonville, FL
Posts: 83
My VIN: 3849 (former 4117)
I forgot to mention that American Modern has an agreed value of $35,000 in addition to unlimited mileage and i'm allowed to drive it to work multiple times per week. $330 per year.
Location: Gulf Shores, Al
Posts: 1,780
My VIN: 4534
NADA for my DeLorean:Originally Posted by mluder
Low $16,800
Mid $29,000
High $45,300
They're going to take that into account when you don't have agreed value. I'd say Red is a midrange car. Good mileage, great stainless, so-so interior. They might look at her and say that she's a low quality DeLorean. She was red, a restored car, non-professional engine refreshing, and homemade seat skins. Then they'll try to stick me with the 16,800. Without an appraisal or agreed value you're stuck with that.
Red
VIN 4534
Born - October 1981
Brought back to life - July 2011
Location: Anchorage, Alaska
Posts: 847
My VIN: 5625
where are you guys finding NADA book values for a DeLorean? I went online to nadaguides.com but it did not list Delorean as an option.
Location: Anchorage, Alaska
Posts: 847
My VIN: 5625
Disregard that last post......
Found it...
Location: Rowlett, TX
Posts: 1,533
My VIN: 5482
I use the Hagerty valuation tool.. just not their insurance. To me, the agreed upon value should be whatever you're comfortable receiving should the vehicle be totaled. Is there more to it than that, other than affecting your premium amounts?
Jeff
Location: Orlando, Florida
Posts: 2,734
My VIN: 01643
Club(s): (DCF) (DCO) (DCUK)
Just so we're all clear, we cant really compare rates unless we're all taking the same liability coverage, that is after all what at least half of the cost of your insurance is for.
If you're carrying state minimum coverage for liability, medical, etc. you're obviously going to have a considerably lower rate than someone that wants more coverage.
Location: Happy Valley, OR
Posts: 1,709
My VIN: 4456 - Owner since March 2011
Club(s): (PNDC)
Deductibles will effect your rate as well...
Cheers
Steven Maguire
#4456
IT'S A TRAP!!!!!
Location: McKinney, TX
Posts: 234
My main insurance company is USAA and they recommended I use a coordinated insurance hook-up with American Collectors Insurance in Cherry Hill, NJ. All of my liabilities, etc. are in sync with USAA and my rate went down considerably plus the added "agreed value" is part of the American Collectors Policy. Agree value this year is $32,000 with a $1,000 deductible. They seem fist-rate and I'm comfortable with them since USAA referred them.
Location: Happy Valley, OR
Posts: 1,709
My VIN: 4456 - Owner since March 2011
Club(s): (PNDC)
I just ran a quote with American Collectors... Over $600 - That's double what I'm paying State Farm for full coverage, lower deductible, daily driver, no mileage limit, no agreed value.
Hmm... this is a poser. Not sure what to do.
Cheers
Steven Maguire
#4456
IT'S A TRAP!!!!!
Location: NorCal Ben Lomond
Posts: 208
My VIN: 1420
Club(s): (NCDMC) (DCUK)
I've been with Condon/Skelly Classic Car Ins. since I cancelled Hagerty for dropping my then 22 and 25 year old kids when they were ticketed for going 25 in a 20 mph zone. They were going to make them wait for 5 years before reinstating them. One's previous ticket had long dropped off. I have full coverage with agreed value, unlimited driving, no deductible for 2 Deloreans, a '72 Comet, '64 Fury conv. '58 Desoto and a '55 Ford for premium of $861 per year. Had a mishap with the Desoto and Ford when the garage support rafter collapsed spilling a bunch of stuff onto the hood, roof and trunk lid of the Desoto, and on the roof of the Ford, causing over 10K in damage. Adjuster came out and I had a check within 2 weeks. Might want to check them out.
Bruce
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