Insurance on a modified car

[angel mkiv]

Hey so I'm on the verge of getting my s13 back on the road and have easily spent over 40k into it over the past 5 years and want to have insurance on it..most insurance company's I've talked to would only cover the kbb value and that's just not gonna cut it.my question is what do you guys use for insurance on your modified cars that you have spent your hard earned money into?

[Fuego]

Hagerty will cover parts.

[silviaks2nr]

I have an agreed value policy on my 240sx. It's a little bit of work to get collector car insurance but worth the peace of mind. I doubt you will be able to get $40k in coverage even if you have receipts for all the parts; however.

[moowee240]

My friend has a rsx that is winning best of shows. With very rare parts and 70k value..hagerty will cover it. But you must have a newer car as your primary car with full coverage. And that doesn't mean you have a s14 daily. Or pos jeep mudd truck..its gotta be a new vehicle within a few year of the current year to date.. So they figure youll be driving the stock new car and not this highly modified car.. now im not sure on the age vs value..like an s13 is an older car to start off with and not very kbb valauble in the first place nor is it rare. Unless you have the very first one off the assembly line to make it significant from a regular 240.

[da_crew10]

Get a good alarm system with gps tracking!

[jr_ss]

Get a good alarm system with gps tracking!

While theft is a big reason to have insurance, I think the main objective here is to make sure the car is cover under all circumstances. I for one would hate to have only KBB value coverage on a car I have big dollars into. Once I tie the knot with the misses, I'll be pulling full coverage off the 240sx and insuring it with Hagerty.

Some companies will allow you to insure the car for whatever the amount you deem necessary. It doesnt matter what receipts you have or how much you've spent on it. They just charge you a premium based on the amount and coverages you choose.

[angel mkiv]

While theft is a big reason to have insurance, I think the main objective here is to make sure the car is cover under all circumstances. I for one would hate to have only KBB value coverage on a car I have big dollars into. Once I tie the knot with the misses, I'll be pulling full coverage off the 240sx and insuring it with Hagerty.

Some companies will allow you to insure the car for whatever the amount you deem necessary. It doesnt matter what receipts you have or how much you've spent on it. They just charge you a premium based on the amount and coverages you choose.

what company's are you talking about? I tried Allstate and State Farm with no luck..also on the hagerty insurance isn't there tons of rules on how much you can drive it and when?

[Bushido]

one more year and my 1991 rms13 is eligible for 'antique' plates in FL. I think that means i'll also be eligible for classic car insurance...hmm

[silviaks2nr]

Some companies will allow you to insure the car for whatever the amount you deem necessary. It doesnt matter what receipts you have or how much you've spent on it. They just charge you a premium based on the amount and coverages you choose.


Not Hagerty or grundy. You need to provide proof of insurable value by showing comparables or by having an appraisal done.

I chose grundy because the rate was lower and customer service was better.

Your car must be garaged, you must have a fairly new daily driver, and you need to be a certain age to have your application approved.

[ixfxi]

Hagerty seemed like a good choice years ago....

but over time, I've started to contemplate if any of this is really "worth it"

Here is some interesting reading for you folks:
http://www.acarplace.com/cars/insurance.html

The insurance companies always win, and we, the little people, always get screwed.

[dbeiler]

Insurance is for poor people who can't afford to fix their own fuck-ups.

[ComicArtist]

I have Farmers, they allow you to pull an extra $20k in modification insurance. They'll cover everything except electronics, which basically just means audio equipment. I set it up a list of parts on my car that retail at just over $17k total, and if my car got stolen or t-boned in traffic, and considered totaled, they'd just write me a check for the recorded worth.

[Y0SH]

State farm told me my car has to be an antique to name the value. American family told me i can bring in an appraisal and they can insure it for that value. Problem is i live in midwest kansas, and all the appraisal offices are ran by old men who wont know what theyre looking at outside of farm equipment and some muscle cars.

[angel mkiv]

I have Farmers, they allow you to pull an extra $20k in modification insurance. They'll cover everything except electronics, which basically just means audio equipment. I set it up a list of parts on my car that retail at just over $17k total, and if my car got stolen or t-boned in traffic, and considered totaled, they'd just write me a check for the recorded worth.

I have farmers and they told me that I couldn't do that...that it had to be a classic/antique car to be able to have that...my 91 240 didn't make the cut.

[Kuma]

State farm told me my car has to be an antique to name the value. American family told me i can bring in an appraisal and they can insure it for that value. Problem is i live in midwest kansas, and all the appraisal offices are ran by old men who wont know what theyre looking at outside of farm equipment and some muscle cars.

if you explain to them what's going on under the hood and how much everything costs those old men will probably work with you. The key is to not talk down to them or treat them like they're ignorant because they don't know what an sr20 goes for one week before race wars. Good communication and friendliness goes a long ways. Receipts are a powerful tool when taking a car to be appraised... and letting them know you're getting an appraisal for insurance and not to sell it.

[Kuma]

I have farmers and they told me that I couldn't do that...that it had to be a classic/antique car to be able to have that...my 91 240 didn't make the cut.

That probably has to do with where you live. Regulations and laws differ by state.

[omgRWDgoodness!]

one more year and my 1991 rms13 is eligible for 'antique' plates in FL. I think that means i'll also be eligible for classic car insurance...hmm
Not quite. Antique tags are for vehicles 30+ years old.