best insurance company? - Ferrari Life
 
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post #1 of 19 Old 03-10-2011, 08:25 AM Thread Starter
 
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best insurance company?

What insurance company do most go with? I called my agent yesterday for a quote on an '03 360 and he came back with $400/mo... yikes. a bit high..
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post #2 of 19 Old 03-10-2011, 08:31 AM
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I hardly pay that much a year per car, with a $1,000 deduct and that is using AAA.

BUT the best company IMO is one I've been a member of for almost 45 years: USAA

I love them because they are easy to get hold of and they insure me overseas very easy.


What I don't know is how they allow membership today.

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post #3 of 19 Old 03-10-2011, 05:19 PM
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Granucci is spot on, USAA is fantastic. They also have a general agency if the rates for exotics dont work, they have access to Federal Insurance Company and Chubb as well. If you have a bigger overall insurance package to switch, the better off you are going to be. If you are a single guy, have tickets or live in a big city, you are going to get screwed, thats just how it is. I pay about 2200 a year for a new 458, but I am old, have a clean driving record and Im boring.
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post #4 of 19 Old 03-10-2011, 09:26 PM Thread Starter
 
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yea, I'm 28 with a really clean record, no tickets, etc.. I'll try those two companies - sounds like my company is nuts.
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post #5 of 19 Old 03-11-2011, 04:00 AM
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In additon to active or retired military, USAA only allows immediate family to join. Sons, daughters and spouses.

I use Erie. They have been very good to me over the years.

Current: 85' GTS QV
It's a simple process...... it's just complicated by human beings....

Last edited by barcheta; 03-11-2011 at 04:20 AM.
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post #6 of 19 Old 03-11-2011, 04:14 AM
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i have found geico to be hard to beat. if you have multiple cars, you may be able to get a low mileage policy from someone like hagerty. i use both.



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post #7 of 19 Old 03-11-2011, 06:03 AM
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I've been with State Farm for over 20 years for cars, homeowners, umbrella, etc., but just out of curiousity I checked the car rates with AAA recently, and they're about half what I'm paying State Farm.

Very tempting, but nervewracking at the same time, as I have no idea about AAA's service. It's one thing to offer cheap rates, and quite another to be there when needed.

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post #8 of 19 Old 03-11-2011, 10:17 AM
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Quote:
Originally Posted by barcheta View Post
In additon to active or retired military, USAA only allows immediate family to join. Sons, daughters and spouses.

I use Erie. They have been very good to me over the years.

That's what I was afraid of. Father was retired Naval officer and he became a member when evolving from Chief to Ensign. Picked up my own membership, as qualified Naval officer in 1970.

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post #9 of 19 Old 03-12-2011, 05:51 AM
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You absolutely cannot beat USAA: Eight cars, $500 deductables, and great service, all for $2K a year.
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post #10 of 19 Old 03-12-2011, 02:57 PM
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I had Erie for 10 years, I bought a Carerra GT a few years ago and they dropped me like a bad habit, no tickets, no claims, just see ya. Good rates, but they didnt like that car for some reason, I cant imagine they like Ferrari's much better, but maybe it was my agent.
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post #11 of 19 Old 05-23-2012, 09:03 AM
 
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Ferrari 328 GTS Insurance

I have been using GEICO for 15 years and they have been good to me. I recently added a 1987 Ferrari 328 GTS and they quoted me $607.00 for the year with a $500 dud. and full glass. My concern is what happens in a case of a total claim. What will they value the car at?? It's not in the Blue Book?
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post #12 of 19 Old 05-23-2012, 09:19 AM
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Originally Posted by Roaddog1265 View Post
I have been using GEICO for 15 years and they have been good to me. I recently added a 1987 Ferrari 328 GTS and they quoted me $607.00 for the year with a $500 dud. and full glass. My concern is what happens in a case of a total claim. What will they value the car at?? It's not in the Blue Book?

Like most companies in that regard [exclusive ins company excluded] you will need extra help in getting older exotics qualified for a good, full, claim. May require appraiser and a long battle etc.

Blue book has no true value in older exotics.

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post #13 of 19 Old 05-23-2012, 09:21 AM
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No correct answer to this one. I use USAA because I never have to worry about getting paid. They are not the cheapest out there, though.

Best price? Best claims service? Best nationwide coverage? Just depends on where you place your priorities.

Taz
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post #14 of 19 Old 05-23-2012, 09:21 AM
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Quote:
Originally Posted by cribbj View Post
I've been with State Farm for over 20 years for cars, homeowners, umbrella, etc., but just out of curiousity I checked the car rates with AAA recently, and they're about half what I'm paying State Farm.

Very tempting, but nervewracking at the same time, as I have no idea about AAA's service. It's one thing to offer cheap rates, and quite another to be there when needed.

I have had two full claims from AAA over the last 25 years, and never a problem even when one was against another AAA-backed car. Of course I was not at fault. AAA might make a profit, but they are truly in it for the driver's standpoint: Their road side service is highly recommended.

Guide to the Galaxy: Don't Panic
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1995 456 GT 2+2 SN 99987 : Roso Metalizzato [Fer 311/C] & Tan
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post #15 of 19 Old 11-20-2012, 03:27 AM
 
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firstpointinsurance.co.uk

For UK, firstpointinsurance.co.uk. They will make sure you are completely covered at the best price.
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post #16 of 19 Old 11-20-2012, 09:40 AM
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I started with USAA but found their service lacking. I have known literally hundreds of others who use USAA and found that it is about a 50/50 split. Half of them think USAA is the greatest company there is, the other 50 think it's the worst; nothing in between. After my fallout, I switched to Geico in 2002 and have been happy with the service and the rates.

Own: 1989 328 GTS
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post #17 of 19 Old 11-23-2012, 04:33 PM
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I currently have Geico and pay $406 every 6 months for my 2008 BMW 335xi coupe. I'm looking to get a F355 so I just went to Geico's website and I got a quote that my cost would go from $406 to $513.90 which would only be $17.98 a month more for a 1999 Ferrari. I find this wayyyyy to good to be true so I'll need to verify it.
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post #18 of 19 Old 11-23-2012, 05:00 PM
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Quote:
Originally Posted by dave rocks View Post
I currently have Geico and pay $406 every 6 months for my 2008 BMW 335xi coupe. I'm looking to get a F355 so I just went to Geico's website and I got a quote that my cost would go from $406 to $513.90 which would only be $17.98 a month more for a 1999 Ferrari. I find this wayyyyy to good to be true so I'll need to verify it.
Doesn't sound far off from what I used to pay when I had my F355 on Geico. About 1-2 years ago, I moved my fun cars to stated-value policies with Grundy. I sleep better at night knowing that if my car gets totalled or stolen, I will get what I need to replace it and not what some faceless accountant tells me it's worth.
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post #19 of 19 Old 11-23-2012, 08:10 PM
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Quote:
Originally Posted by dave rocks View Post
I currently have Geico and pay $406 every 6 months for my 2008 BMW 335xi coupe. I'm looking to get a F355 so I just went to Geico's website and I got a quote that my cost would go from $406 to $513.90 which would only be $17.98 a month more for a 1999 Ferrari. I find this wayyyyy to good to be true so I'll need to verify it.
My 612 was 1100.00 and 16M is 1500.00

Missouri insurance is on the low spectrum - prefer State Farm with some hefty liability etc. as all the other side has to say to the jury is he hit me in a Ferrari.
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