What insurance premium do you pay???? - Maserati Forum
 
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post #1 of 15 Old 08-04-2006, 01:57 PM Thread Starter
 
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What insurance premium do you pay????

I wanted to know from everyone what insurance premium they pay for their coupe. I just got my bill from Progressive and they are now charging $3554 per year with 500 deductable (it has 250k/500k accident and $100k property damage). I wanted to know if anyone has a lower premium with another company that I could try.

Thanks,
Zearnold
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post #2 of 15 Old 08-04-2006, 03:32 PM
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At Allstate

Wow! I was complaining about mine...

I pay $2,150 per year at Allstate.
I have 300K/500K/100K, with $500 deductible.

2005 Coupe CC, Grigio Alfieri, Cuoio Sella
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post #3 of 15 Old 08-04-2006, 07:19 PM
 
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State Farm insures all three for $1871 /yr.

250/500/100 $1500 ded (makes a big difference) multi-car, good driver, and loyalty discounts (been with them for dog's years) air bag and anti theft discounts.

Here's a tip - ask yourself what would happen if you had and accident and it cost $1000 to repair. Would you turn it in as an insurance claim or just pay out of pocket to avoid the hassle and possible premium increase or cancellation? How about $1500? $2000? When you hit the point where you'd be mmore likely to make the claim call your agent and ask for a quote with that deductible. You'll be surprised how much it can reduce the premium.

2002 Spyder CC
1992 Dodge Stealth R/T Twin Turbo
1986 Porsche Carrera Targa

Last edited by Steeldream; 08-04-2006 at 07:23 PM.
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post #4 of 15 Old 08-04-2006, 11:40 PM
 
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I am paying $3192 per year for my 3 cars with State Farm. My Ded is $1000.

Steeldream, .seeing as we have the same # of cars, and the same carrier, I need to do some checking. how old are you if I may ask?

2002 Spyder Cambio tubi
1998 Mercedes c43 AMG, nice and low
1991 Lotus Elan modified little monster
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post #5 of 15 Old 08-05-2006, 03:11 AM
 
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Garage
insurance$$$$$

agent obtained collector car coverage (7) cars at first. started with 02 spyder, insurance at stated value, 3500 max annual miles per car. other restrictions, storage for example must be secure. now for $, liability $200.00 + stated value per car. i have now lost count of cars covered.
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post #6 of 15 Old 08-05-2006, 03:24 AM
 
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$1232 / 6 months for 300k CSL with State Farm. I have a 10mil umbrella above that with another carrier.

I have a truck and two motorcycles listed with the same agent

One ticket and no claims (they're mulliganing the ticket since I've been clean for so long), 32 yr male, single, nonsmoker, roman catholic, taurus, enjoys bicycling, dancing, long walks on the beach...whoops wrong site.

I dumped Progressive a long time ago, their rates just aren't competitive. Also, while I've found their customer service to be excellent, most everyone else I talk to says it's bloody awful, so better safe than sorry. It cost more to insure my Jeep, not much of a market for hot Maserati parts I guess.
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post #7 of 15 Old 08-05-2006, 05:04 AM
 
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I'm 51 - been with SF for 30+ years. I don't have Comprehensive on the Stealth and I'm in the "low mileage" class - less than 7500 mi/yr/car.

Used to be lower as I had homeowners with them too.

The rest of the difference is probably down to my cars' ages

2002 Spyder CC
1992 Dodge Stealth R/T Twin Turbo
1986 Porsche Carrera Targa
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post #8 of 15 Old 08-05-2006, 06:06 AM

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Living in California, I have Mercury Insurance and pay $1600 yr for the VUE (daily driver) and the XJ8 (weekend). My collection is insured by Parish Heacock at a cost of $1700 year for the Ferrari, Maserati, and Corvette.
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post #9 of 15 Old 08-05-2006, 12:11 PM

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State Farm $3500/year (4 cars). Maserati coverage is <7500/yr but it is $930 per year. Ded $1000.00

\'02 Coupe GT
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post #10 of 15 Old 08-07-2006, 09:46 AM
 
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Guys,

I think we have a slightly different system over here in the UK as I am not getting the 3 figures you quote for that premium.

Over here, my annual insurance premium is for one car and and you have an "excess" figure, which means that you have to pay the "excess" amount as part of any claim.

For the GS, my annual premium is £1,300 ($2,470) with a £500 excess. For the other cars, the V8 Cayenne is £1,300, the Lotus £900 and the Forester £600. So a total of £4,100 ($7,790)!!

I really do not have more money than sense so I do what I usually do, just don't think about it and pay it!!!

Stu

Rallying is life!!!
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post #11 of 15 Old 08-07-2006, 10:15 PM
 
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<geek>

You're right, the forms are very different.

Most US policies are written on the Personal Auto Policy form which combines Liability, Uninsured/Undersinsured motoroist, medical payments and physical damage.

Coverage is also divided by Collision and Comprehensive. Collison covers damage due to running into another vehicle or object. Comprehensive covers other types of accidents - fire, theft, vandalism, falling objects.

The form number/number/number is a split limit. The first number is maximum bodily injury coverage per person, the second is max bodily injury coverage per accident, and the third is property damage coverage per accident. Some policies have a Combined Single Limit which affords one limit for both property damage and bodily injury per accident.

Most states mandate the minimum limit you must carry; however, that mandated limit is so low most motorists purchase in excess of that limit and people with substantial assets will frequently purchase an "excess" or "umbrella" liability policy that drops down over both auto and homeowners liability to afford high limit coverage.

What you guys call "excess" is our "deductible". The insurance company deducts that amount from any claim paid.

</geek>

2002 Spyder CC
1992 Dodge Stealth R/T Twin Turbo
1986 Porsche Carrera Targa

Last edited by Steeldream; 08-07-2006 at 10:19 PM.
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post #12 of 15 Old 08-10-2006, 09:46 AM
 
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GEICO - 6 month $787 (300/500/100) 1000 deductable
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post #13 of 15 Old 08-17-2014, 09:13 PM
 
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I'm at 1500 a month. 996TT a Dodge Dakota and 09 GT in New York

Last edited by Lawson4323; 08-17-2014 at 09:14 PM. Reason: Added location
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post #14 of 15 Old 08-19-2014, 05:16 PM
 
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$845 per 6 month (300/100/100) w/ $250 deductible.
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post #15 of 15 Old 08-19-2014, 05:42 PM
 
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It's useless to compare rates to members here. Rates are specific to geographic area, age, driving record, type of car, other cars, other coverage etc. One should always shop insurance. Actuaries/underwriters are always adjusting their book to balance risk/yield. If a certain carrier wants a particular age group, geographic area, they will adjust rates accordingly. They don't want all low risk as it won't yield enough. They don't want to much geographic concentration, e.g., hurricane exposure in coastal FL.

That said, it's probably worthwhile to look at the collector car insurers when the value of the vehicle may vary greatly. A Maserati coupe can be worth anywhere from $18,000 to 38,000. The collector car coverage is stated value-no deductible. Your regular insurers will be a major hassle if you have a big hit/loss.

I have my coupe insured with Haggerty for about $20/month more than my regular insurer wanted. But, I know that it is insured for what I paid for it. No negotiation with the claims department at GEICO in the event of a claim.
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