The nasty, dirty, awful secret of risk management - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


General Miata Chat A place to talk about anything Miata

Reply
 
 
 
LinkBack Thread Tools
Old 09-19-2012, 05:35 PM   #1
Elite Member
Thread Starter
iTrader: (6)
 
blaen99's Avatar
 
Join Date: Sep 2010
Location: Seattle, WA
Posts: 4,112
Total Cats: 27
Default The nasty, dirty, awful secret of risk management

I started to look for insurance specific to the Miata today. The problem I ran into is that although I've had nice DD cars in the past, they were stock or at least somewhat close to stock (Upgraded turbo on something that's already turbocharged isn't an issue...) and really weren't difficult to insure properly for their full value.

I've looked through other insurance threads on this, and as the Miata's a DD, Haggerty doesn't apply (I wish I could get Haggerty for a DD, hustler, I wish I could.).

What did you guys do for full coverage on your Miata's? And to be even more specific, what did you guys do for full coverage on your Miata's without making the insurance company want to charge you a million bucks a month even with a perfect driving record and being older? The last company I talked to about it wanted more per month than my RX7 costs for six months!

Any advice I could get on this would be highly appreciated. I do want to insure the Miata for the full value of the car with full coverage, but I'm not willing to pay more than six months of full coverage on a gorramn RX7 per month for the Miata! Especially not when the RX7 is worth more than the Miata!

And no, no matter what, Progressive is not the answer. They can take a long walk off of a short dick.
blaen99 is offline   Reply With Quote
Old 09-19-2012, 05:50 PM   #2
Elite Member
 
Join Date: Mar 2010
Location: Detroit
Posts: 1,524
Total Cats: 27
Default

Tell Haggerty it's a farm vehicle. Problem solved.

Seriously, if you get side-swiped by a F250 diesel supercab how the hell would they prove pleasure vs. DD?

Falsifying insurance information is as American as America.
flounder is offline   Reply With Quote
Old 09-19-2012, 10:10 PM   #3
Supporting Vendor
iTrader: (31)
 
Savington's Avatar
 
Join Date: Nov 2006
Location: Sunnyvale, CA
Posts: 14,363
Total Cats: 1,323
Default

What you want is an agreed value policy. I think State Farm still writes them, although I could be wrong.
Savington is offline   Reply With Quote
Old 09-19-2012, 11:09 PM   #4
Senior Member
iTrader: (1)
 
Join Date: Nov 2010
Posts: 951
Total Cats: -252
Default

Collectors insurance with an appraised value and 5000 mile/year limit.
wannafbody is offline   Reply With Quote
Old 09-20-2012, 12:22 AM   #5
Elite Member
Thread Starter
iTrader: (6)
 
blaen99's Avatar
 
Join Date: Sep 2010
Location: Seattle, WA
Posts: 4,112
Total Cats: 27
Default

Quote:
Originally Posted by flounder View Post
Tell Haggerty it's a farm vehicle. Problem solved.

Seriously, if you get side-swiped by a F250 diesel supercab how the hell would they prove pleasure vs. DD?

Falsifying insurance information is as American as America.
I'm sorry, but I would seriously rather avoid anything involving falsifying information and/or insurance fraud. Also, my RX7 is already insured for pleasure, so it's hard to say "But BOTH vehicles are for pleasure!".

Quote:
Originally Posted by Savington View Post
What you want is an agreed value policy. I think State Farm still writes them, although I could be wrong.
I'll definitely look into State Farm when I get a chance. Thank you very much Sav!

Quote:
Originally Posted by wannafbody View Post
Collectors insurance with an appraised value and 5000 mile/year limit.
I looked into this at a few places, actually, but the car doesn't qualify. It's too new, which sounds pretty wrong for a car over 20 years old.

Thank you for the advice though, but the insurance companies that I talked to seem to hate the Miata.
blaen99 is offline   Reply With Quote
Old 09-20-2012, 12:35 AM   #6
Elite Member
iTrader: (5)
 
m2cupcar's Avatar
 
Join Date: Jan 2005
Location: Atlanta
Posts: 7,240
Total Cats: 290
Default

American Collectors is what I have on my Miata BUT you must provide another registered VIN as a daily driver. You state the value, list the mods, annual mileage and coverage you want.
m2cupcar is offline   Reply With Quote
Old 09-20-2012, 01:15 AM   #7
Elite Member
Thread Starter
iTrader: (6)
 
blaen99's Avatar
 
Join Date: Sep 2010
Location: Seattle, WA
Posts: 4,112
Total Cats: 27
Default

Quote:
Originally Posted by m2cupcar View Post
American Collectors is what I have on my Miata BUT you must provide another registered VIN as a daily driver. You state the value, list the mods, annual mileage and coverage you want.
Holy cow. You, sir, are incredibly awesome for pointing me there. Incredibly awesome!

That's a definite possibility - I may as well insure the RX7 as a DD instead and claim that's the pleasure car at the possible cost differences.

Thank you again, m2cupcar!
blaen99 is offline   Reply With Quote
Old 09-20-2012, 09:44 AM   #8
Junior Member
iTrader: (6)
 
Join Date: Jun 2008
Location: Lansdale, PA
Posts: 462
Total Cats: 3
Default

Quote:
Originally Posted by Savington View Post
What you want is an agreed value policy. I think State Farm still writes them, although I could be wrong.
This right here. Make sure it's AGREED value, and not STATED value.

Car Insurance - Agreed Value vs. Stated Value
BradC is offline   Reply With Quote
Old 09-20-2012, 02:36 PM   #9
Elite Member
iTrader: (9)
 
Saml01's Avatar
 
Join Date: Jul 2007
Location: NYC
Posts: 5,730
Total Cats: 2
Default

Quote:
Originally Posted by blaen99 View Post
Holy cow. You, sir, are incredibly awesome for pointing me there. Incredibly awesome!

That's a definite possibility - I may as well insure the RX7 as a DD instead and claim that's the pleasure car at the possible cost differences.

Thank you again, m2cupcar!
I have heard about them. Supposed to be a really legit insurer.

Wish I could get em, but I dont meet their requirements. :(
Saml01 is offline   Reply With Quote
Old 09-21-2012, 12:01 AM   #10
Senior Member
iTrader: (1)
 
Join Date: Nov 2010
Posts: 951
Total Cats: -252
Default

Quote:
Originally Posted by m2cupcar View Post
American Collectors is what I have on my Miata BUT you must provide another registered VIN as a daily driver. You state the value, list the mods, annual mileage and coverage you want.
I have American Collectors on my 2000 TA WS6
wannafbody is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Transmission Heat Shield Thread patsmx5 General Miata Chat 46 06-06-2016 11:27 AM
elesjuan's mediocre 95 Miata adventure (google fiber edition) elesjuan Build Threads 8 02-16-2016 09:36 PM
Foreign powered NB for NASA ST3 and/or E0 d k Race Prep 44 09-15-2015 11:59 AM
E-Manage Base Maps faviles5566 ECUs and Tuning 0 09-04-2015 12:50 PM
E-Manage Base Maps faviles5566 ECUs and Tuning 0 09-04-2015 12:50 PM


Tags
joe perez

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 04:27 AM.