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Old 03-03-2010, 09:18 AM
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Insurance quote question

Hi guys/gals,

Im a long time lurker, hoping to join the ranks of owning a amv8v. I like to do my research before I jump head first into something and for some reason i can't get an answer for insurance qoutes. For those of you that use your v8v on a daily basis, what company are you using for insurance purposes? Do you have it insured as a daily or secondary vehicle? And what's a rough estimate of yearly qoute? (I'm 28, clean record, licensed for 12 years). Thanks in advance for any helpful answers and sorry for the rambling.



(I've looked into allstate and a few others with no answers)
 
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Old 03-03-2010, 09:37 AM
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Originally Posted by Idrvslo
Hi guys/gals,

Im a long time lurker, hoping to join the ranks of owning a amv8v. I like to do my research before I jump head first into something and for some reason i can't get an answer for insurance qoutes. For those of you that use your v8v on a daily basis, what company are you using for insurance purposes? Do you have it insured as a daily or secondary vehicle? And what's a rough estimate of yearly qoute? (I'm 28, clean record, licensed for 12 years). Thanks in advance for any helpful answers and sorry for the rambling.



(I've looked into allstate and a few others with no answers)
I'm 27, one minor speeding record 4 years back, licensed 9 years, drive like a grandma most of the time . Been with Geico for the past 6 years on my own, 9 years if you include my time with the family policy.

It's my primary vehicle, but I alternate between the car and public transit. Cost of insurance is over 4.5k a year. Combination of being single, living in NY. This is with every possible discount.

I have to say though, after witnessing how much it cost to repair these cars, that the cost is well worth the money if god forbid something happens to the AMV8.
 
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Old 03-03-2010, 10:17 AM
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40 years old, last traffic violation (speeding ticket) was over ten years ago. Four cars and home are insured with State Farm. - All the cars are heavily insured and listed as daily drivers. - I pay just under $900 a year for my V8V.
This is in East Central Florida.
 
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Old 03-03-2010, 10:25 AM
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The premiums to keep a car in NYC is just astonishing when compared to other parts of the country.
 
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Old 03-03-2010, 10:38 AM
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VA about 1600 a year 29/tickets but not my daily driver
 
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Old 03-03-2010, 10:54 AM
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Originally Posted by cshsia
The premiums to keep a car in NYC is just astonishing when compared to other parts of the country.
So true, and it's all relative...
I'm preparing to move to rural-ish South Carolina because I feel it's getting too expensive to live in Central Florida anymore (more so, it's getting too crowded for my tastes). When I see the prices of things there, compared to CF, I feel like you must when you see the prices of things anywhere outside of NYC.
 
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Old 03-03-2010, 11:30 AM
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Speak of the devil, allstate just got back to me.. 2600 fullcoverage for a year! That's sounds perfect it's actually half of what I thought. Thanks for all your help. I guess I'll start shopping now!
 
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Old 03-03-2010, 11:57 AM
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hey, just curious, which Freeport are you at? Freeport NY?

that's definitely a good price. I'll look into All-State at some point, but so far I've been happy with Geico's service.
 
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Old 03-03-2010, 12:07 PM
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Originally Posted by cshsia
hey, just curious, which Freeport are you at? Freeport NY?

that's definitely a good price. I'll look into All-State at some point, but so far I've been happy with Geico's service.
Yes Freeport, ny. I had a supercharged m3 fully modded and was paying close to the same thing lol.
 
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Old 03-03-2010, 12:17 PM
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I'm going to be at Captree this Sunday, let us know if you'd be there.
 
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Old 03-03-2010, 12:23 PM
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Originally Posted by cshsia
I'm going to be at Captree this Sunday, let us know if you'd be there.
I won't be there it's my bday and I'm going to the carribean for a week. But I'll probably go to the next meet.
 
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Old 03-03-2010, 01:33 PM
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Had a modified supercharged M3 too, and am paying the same rate as before with State Farm.
 
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Old 03-03-2010, 01:49 PM
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Originally Posted by markesq
Had a modified supercharged M3 too, and am paying the same rate as before with State Farm.
I wonder if the rates you guys got has anything to do with the statistic: "Had supercharged M3, did not wreck it, must be responsible"

For me: "Had 328i, not 335, clearly lacks good judgement. Not sure if he can handle the power and attention of the AMV8, high risk driver"
 
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Old 03-03-2010, 02:37 PM
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Originally Posted by cshsia
I wonder if the rates you guys got has anything to do with the statistic: "Had supercharged M3, did not wreck it, must be responsible"

For me: "Had 328i, not 335, clearly lacks good judgement. Not sure if he can handle the power and attention of the AMV8, high risk driver"
I think insurance premiums (for those with respectable driving records) have more to do with the claim rate of the car in a given geographical area. They're determined by what percentage of a given model has had a claim. -- Of course I may be wrong.

Interestingly, I too have owned a supercharged M3. Seems we Vantage owners have similar tastes. Or, maybe we're just "car guys"?
 
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Old 03-03-2010, 06:18 PM
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Originally Posted by Idrvslo
Speak of the devil, allstate just got back to me.. 2600 fullcoverage for a year! That's sounds perfect it's actually half of what I thought. Thanks for all your help. I guess I'll start shopping now!
Thats decent. My quote was ~1700 a year 500/500 1 mill umbrella with no points or tickets. As a daily 10K miles.

Amazingly the viper quoted out at ~975 same coverage for the year which is one of the reasons I went that direction.
 


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