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Insurance for modded cars?

Posted: Fri May 02, 2014 7:42 pm
by M20_fever
So I'm in the process of changing my insurance and I let the agent talk me into getting full coverage on stated value for the e30. Well that fucked me since they required pictures of the car. Once they saw the "racing modifications" they denied coverage on it completely. I've been with geico forever with the car covered for liability only, so I guess worst cast I can stay with them for just the e30, but the whole reason I'm switching is because they jacked my rares for no apparent reason so I'm pretty pissed with them.

Who are you guys using, and how is your modded car listed/covered? If I can't even get liability insurance the car is pretty useless aside from occasionally going to autox events on a trailer...

Re: Insurance for modded cars?

Posted: Fri May 02, 2014 8:23 pm
by Yoshi
I got gayco too. Yea... never tell your company it's a race car. None of them will insure you. Aside from theft, I see no reason for insurance on it outside of liability.

Re: Insurance for modded cars?

Posted: Sat May 03, 2014 4:47 am
by M20_fever
yeah, fucked myself there...just going to stick with the gecko i suppose.

Re: Insurance for modded cars?

Posted: Sat May 03, 2014 6:01 am
by Ryki
I've got USAA, my coverage for the M3 storage is 37 dollars a year, I pay 38 a month here in Germany for the 318is and that's with a libility at over 10 million dollars (no joke). I love USAA for car insurance rates :D

Re: Insurance for modded cars?

Posted: Sun May 04, 2014 6:46 am
by Nsquared97
I've had progressive with just Liability, mainly because I'm cheap. And MI being a no-fault state means rates suck for a guy my age. On the plus side adding my 318 last fall was only an extra $25 a month.

I have heard great things about Hagerty though, especially for classic/custom vehicles. I think about switching now and then, my car is starting to get to the point where even at full insurance, I highly doubt Progressive would give me what the car is worth if it was totalled by some soccer mom not paying attention in her SUV (pretty much my biggest fear).

Re: Insurance for modded cars?

Posted: Tue May 06, 2014 1:56 am
by M20_fever
Yeah, my car is worth so much more than blue book I need to insure against claimed value. Problem is to do that they all require pics of the car, and its hard to say its not a race car at this point...

Corbin, usaa is awesome, but not an option for a silky civilian like me.

Re: Insurance for modded cars?

Posted: Tue May 06, 2014 10:04 am
by Ryki
Well, USAA is open to civilians now from what I've heard. I've had it since I was born and my mom got it through a promotion, no military reasons to be a member just a coincidence later. I'd try contacting them as they also provide insurance for older cars and you can insure a vehicle for an amount and pay premium on that and put it in storage, my Javelin is insured for I think 10k but is stored and only costs 40 bucks a month.

Re: Insurance for modded cars?

Posted: Tue May 06, 2014 12:30 pm
by 87e30
I recently tried to get a quote from USAA online. Started going through the application process and about 10 minutes in it asked about my relationship to the military. I have had a direct relative in the Air Force, but I do not have his SS number, nor do I have the desire to call him after 13 years to ask about it, so I could not get coverage by them.

Re: Insurance for modded cars?

Posted: Wed May 07, 2014 7:15 pm
by M20_fever
Yeah my grandfather was retired army, but hes dead now so i doubt that counts...i just stuck witu tue gecko for now, liability only...

Re: Insurance for modded cars?

Posted: Wed May 07, 2014 11:12 pm
by 87e30
Last I checked they require YOU or a DIRECT relative (brother, sister, mother, father, son, or daughter) to be active or retired military. I'm pretty sure your grandfather wouldn't qualify you. If I'm wrong please let me know.