Insurance

[gar123]

I just renewed my car insurance for the year with AAA. My insurance was $60.00 more than last year. I guess the insurance companies really due keep an eye on KBB. Someone here says that he/she informed KBB about the NSX, as it was undervalued. Looks like they adjusted the price and insurance followed suit.

GAR123

 

[nsxtasy]

I can guarantee you that the increase in your insurance premium had absolutely nothing to do with any changes to KBB's absurd market values for the NSX.

 

[Big_D]

I just switched to Haggerty insurance with a stated value of $38K and the premium was $50 less than AAA.

 

[camber_combover]

i have progressive and it costs 50.00 a month for the NSX.

 

[nsxtasy]

i have progressive and it costs 50.00 a month for the NSX.

I have State Farm and not only is their claims processing rated a whole lot higher, but mine is only $40 per month. :tongue:

 

[SexyRed]

Big D,

Last time I check with Hagerty they don't consider nsx a classic. How did you do that?

Danny

 

[NSXknight]

i have progressive and it costs 50.00 a month for the NSX.

You can't really compare prices until you get into details on the coverage you have.

 

[KooLaid]

to KBB's absurd market values for the NSX.

In which way absurd? I was thinking the raise in value is a GREAT thing as an owner.

 

[gar123]

I have all my cars and house tied up in AAA. The other cars that I have went down as far as $ for the same coverage. I just thought it's odd. I'll have to ask AAA why NSX insurance became higher for same coverage.

GAR123

 

[heySkippy]

You can't really compare prices until you get into details on the coverage you have.

And the zip code you live in.
And the age/sex of the driver.
And your loss history.
And your credit score.
And how many miles your drive to work and annually.
And how much commission your agent might cede to the carrier.
And a variable number of other rating elements.

 

[Big_D]

Big D,

Last time I check with Hagerty they don't consider nsx a classic. How did you do that?

Danny

Its considered an Exotic... Call them up and they will take good care of you. I sent them digital images of my car and was surprised how many times the customer service folks complimented on how nice it was. They are real car buffs..its quite refreshing.

 

[Synthesis]

so, since the book value is up.... in the event of a total loss, will "regular" ins companies do a full payout now (without gap ins)?

 

[heySkippy]

so, since the book value is up.... in the event of a total loss, will "regular" ins companies do a full payout now (without gap ins)?

Why wouldn't they always have?

The insurance company's job is to "make you whole". If book value won't do that, then it's meaningless.

 

[tosugrad]

I can guarantee you that the increase in your insurance premium had absolutely nothing to do with any changes to KBB's absurd market values for the NSX.

+1...

 

[tosugrad]

In which way absurd? I was thinking the raise in value is a GREAT thing as an owner.

I think he meant the KBB values are way off.

 

[supra2nv]

And the zip code you live in.
And the age/sex of the driver.
And your loss history.
And your credit score.
And how many miles your drive to work and annually.
And how much commission your agent might cede to the carrier.
And a variable number of other rating elements.

ditto...

I have also found that although liberty mutual is the least expensive insurance for me....people I have referred may or may not get a better deal there...it's very odd how this stuff works. Mercury is less expensive in a lot of ways, but I go with liberty mutual. check both out, you may be surprised.