Who do you have for insurance and how much do you pay?

[B^2]

I'm in the process of doing a few modifications to my 510 after shipping it out to the west coast from the east coast and I'm realizing that I probably need to have it insured for a higher agreed upon value. My guess is that if something were to happen to the car now, I'd probably get next to nothing for it. I currently have Geico but I haven't looked into having the agreed upon value be in the 15-25k range. Anyone know if this is a possibility? Who do you use for insurance? Trying to figure out if it's going to be cost prohibitive to do something like this or if there is something I'm not thinking about that I need to be aware of.

[bertvorgon]

I have gone with a local Insurance company, similar to Hagerty. I wanted to deal with a Canadian company in my case.

I had to have the car appraised by a PROFESSIONAL appraiser, who did major homework as to what 510's were going for, and then he physically examined my car and took pictures, agreeing in $50,000.00 as total loss payout. In that policy includes storage insurance. He gave me a nice booklet showing his research, etc..

I would just make sure that you read policy and be clear as to USE of the car. I have heard anecdotal story's of Hagerty NOT covering some things as the use was not defined in the policy.

My 6 months insurance for my liability, required here by our Government insurance was about 480. and my yearly premium for my total loss..a cheque for $50,000.00 CDN...is $755.00 CDN a year. Well worth it to me due to the idiots on the road and our traffic exposure on some of our drives.

Also, it cost me $300.00 at the time for all the appraisal and research. It is recommended that every 3 years..or...as values go UP, that we might have a re-appraisal to reflect those rising values.

[icehouse]

I have USAA and pay about 55 bucks a month for full coverage with theft. I daily drive my cars.

[john510]

I just did a Hagerty policy.One year for my '71 510 is $345 for $20,000 agreed value.Also includes some free towing up to 20 miles.