Car Insurance?

[SpadeCustoms]

I am sadly finding out the car insurance is ludicrous in this state now. What insurance are you guys using for your fiero here?

[pgackerman]

State Farm, Classic car insurance.

[Fierofool]

Farmers.  Standard insurance with stated value.  No limitations on usage, either.  I use the Cochran Agency in Canton. 

[The Art Doctor]

I have 4 collector cars including both fieros with Hagerty. All agreed value for a total of 32k ($6000 on each fiero) no mileage limits.  Ive got a clean licence and nearing 50 years old.  Total premium $510/year.

[GTRS Fiero]

Define ludircous.  What are the terms?

For example, one of my vehicles is $45/month for 2 drivers, full coverage, $250 deductible, rental if out of commission, roadside, and towing within 100 miles, 5 times per month.

I have 3 other vehicles that are only $40, combined, but liability insurance only, with $25/50K limits.

Another vehicle is $127/year, flat rate, but liability only, and $50K limits, only 30 days of driving per year.

I have another vehicle that is $7xx/month for insurance, and is covered to 2.5 mil.  Likely that rate will go up, because the vehicle appreciated.

A couple of vehicles are in the $2,5xx range, full coverage, with $200K limits.

A friend has a vehicle that costs $52K per year to insure.  Not sure about the limits.

I'm sure your Fiero is below most or all of those.

I drive a vehicle that costs $10/month to insure, but can only be driven to car shows and 50 miles/month.

[SpadeCustoms]

When your insurance more than doubles from 220 to a quoted 530 a month for the same coverages, I define this a "ludacris". Ha

I was informed that Georgia insurance aims have risen over the years hence making it expensive. I would have never imagined it would be this expensive though.

[Fierofool]

I've lived in New England, and Georgia rates are pocket change, compared.  I was with Allstate for more than 25 years, had moved back to Georgia at the time and they began jacking rates because they had suffered losses in the west coast fires and the gulf hurricanes.  They went up 23% in 1 year.  We changed to Travelers and my 86SE was 3 times the rate of my 87GT, comparably equipped, and I was only allowed 3 vehicles on 1 policy, so 1 had to have its own policy, losing multi-car discounts.  Then I changed my house and auto to Farmers for a big savings.  Others have found good rates with other companies, too.  Don't be afraid to shop around every year at renewal time.

One of the factors that affects insurance is where you live.  Just wait until you have to drive Ga. 400 and you'll partially understand. 

[GTRS Fiero]

This topic comes up frequently, in some form, on this and other forums.  I had tried to get someone to write a newsletter article on car insurance, but no takers.

[ntjoe]

I use Hagerty on my two Fieros (85 and 86 GTs) and my Z3 (01).  I pay $130 per month for stated value on all three, comprehensive and collision, and zero deductible.  Admitted thats not for every day driving, but I drive my 85 GT a lot. 

[Slyp]

I used to have State Farm.  It seemed that every time there was a weather problem like hurricane or tornados my rate went up.  Came to the conclusion that very large insurance companies cover a lot of things.  Like houses, cars, boat, and motor bikes tend to hike prices after  they have to pay out.  Moved to AARP/Hartford for my cars.  2010 Nissan Altima, 2016 GMC Sierra and the 87 Fiero and the  cost is nissan $1169 GMC $1227 Fiero $348    All have full coverage

[GTRS Fiero]

My Fiero costs about 1/3 of that to insure, so yes, high.  My 2014 Silverado costs slightly more to insure than your Fiero.  Full coverage.

I'm not sure full coverage would do much on a Fiero.  Just about anything would total the Fiero.  For any vehicle more than 10 years old, full coverage doesn't do much.  Heck, most of the body shops are useless.  The only thing they're good at is making excuses.  A neighbor had their vehicle in to the same place, several times, each time, the vehicle returned with a distinctly different look.  Each time, thr auto body shop had excuses.  It was never right.

[SpadeCustoms]

Just did a quote for Hagerty for the Fiero and Motorcycle. 40 a month for a agreed upon value on the car and full coverage on the bike. That will work for those vehicles. Now just shopping around for my main drivers.

[GTRS Fiero]

Not to pry, but is the agreed-upon value per thousand of coverage, or did they give you a pricing schedule?

[Fierofool]

When I set an agreed value for my 86 and 87, I just gave a description over the phone.  I may have sent pictiures.  I don't remember.  Of course, if anything happens to either, they would want to see it to be sure it was at least somewhere near the condition and equipment described.  It really does pay to shop around, calling the individual companies or agents rather than through their national line. 

[TopNotch]

I put Hagerty on my white Fiero. The website said that they may want pictures of the car, but so far, they haven't asked for any. I bought a whole year, agreed value $10,000, for about $400. I also researched Grundy, and they definitely wanted pictures of the car, front, back, both sides, and the engine, and a picture of the car in a closed garage. Grundy will not ensure a classic without evidence that it is garaged.