Insurance for F-Type SVR Impossible
#21
Isn't totalling common with luxury cars in general? I thought the current issue with parts was because jaguar was switching their suppliers in their supply change? Is this an issue that's going to get worse? I just bought an f-type.
#22
Home n Auto vs Hagerty
Contacted my Home N auto agent, West Bend, to inquire as to what value they would use to calculate repair payment for my 2017 F 6 cyl. premium, Manual trans. I also revisited the Hagerty quote, and the form (online) asks you what value you want to use... 'what you paid for it, sticker, etc.' I made some changes in the Hagerty coverages so my revised annual is about $1298. The comparable WestBend is $1093. Will be interesting to find out what West Bend says the car is worth. After reading that some Fs have been 'totalled' , I am not interested in getting shorted for this car.
#23
I just renewed our policy and we pay [Connect Insurance through Costco] less than $1000. per year for my wife's base Cayenne and my F type. We have basic coverage with high deductibles and are retired [and don't drive a great deal anymore], but it might be worth checking out if you have access to Costco.
#24
#25
That's insane!
I just renewed our policy and we pay [Connect Insurance through Costco] less than $1000. per year for my wife's base Cayenne and my F type. We have basic coverage with high deductibles and are retired [and don't drive a great deal anymore], but it might be worth checking out if you have access to Costco.
I just renewed our policy and we pay [Connect Insurance through Costco] less than $1000. per year for my wife's base Cayenne and my F type. We have basic coverage with high deductibles and are retired [and don't drive a great deal anymore], but it might be worth checking out if you have access to Costco.
#27
$1002/yr for the Jag and a 2017 Volvo S90. I am also with Erie and have been for decades. I also have Rate Lock on my policy which means my rates will never increase until I add or delete a car from the policy.
I am thinking of replacing the S90 in the fall which will no doubt lead to a huge rate increase.
I am thinking of replacing the S90 in the fall which will no doubt lead to a huge rate increase.
#28
This is exactly what my insurance agent told me when I inquired why the insurance on my F-type went up to $1800/year.
#29
Synthesis, I am also in Southern California and a retiree. I am not a COSTCO member, it doesn't make sense as the closest location is 50 miles away. But I was all ready to sign up just to get their lower insurance rates on my home plus two vehicles. But I just went to COSTCO's website and saw this:
So for any other residents of CA or Florida, bend over. I'm in a high fire danger zone and had to buy a California Fair Plan Policy JUST for the fire insurance part of my homeowner's insurance, and my homeowner's insurance tripled this year. I'm full expecting big increases on my auto policies as well. And it appears that there is no longer any such thing as "shopping around for a better deal".
So for any other residents of CA or Florida, bend over. I'm in a high fire danger zone and had to buy a California Fair Plan Policy JUST for the fire insurance part of my homeowner's insurance, and my homeowner's insurance tripled this year. I'm full expecting big increases on my auto policies as well. And it appears that there is no longer any such thing as "shopping around for a better deal".
Last edited by Dwight Frye; 03-01-2024 at 10:32 AM.
#30
#32
#33
Synthesis, I am also in Southern California and a retiree. I am not a COSTCO member, it doesn't make sense as the closest location is 50 miles away. But I was all ready to sign up just to get their lower insurance rates on my home plus two vehicles. But I just went to COSTCO's website and saw this:
So for any other residents of CA or Florida, bend over. I'm in a high fire danger zone and had to buy a California Fair Plan Policy JUST for the fire insurance part of my homeowner's insurance, and my homeowner's insurance tripled this year. I'm full expecting big increases on my auto policies as well. And it appears that there is no longer any such thing as "shopping around for a better deal".
So for any other residents of CA or Florida, bend over. I'm in a high fire danger zone and had to buy a California Fair Plan Policy JUST for the fire insurance part of my homeowner's insurance, and my homeowner's insurance tripled this year. I'm full expecting big increases on my auto policies as well. And it appears that there is no longer any such thing as "shopping around for a better deal".
I've always looked at any type of insurance as "catastrophic" and have attempted to self insure as much as possible. Insurance companies [essentially being banks] are not interested in customers who submit claims, only those who understand how the casino works. If you figure it out and self insure as much as possible, two things result...#1 The insurance companies will make the most profit, #2 You will still have protection if something really horrible happens [which is what what insurance should be all about anyway].
The bottom-line is that you have to save what you can and be prepared to pay for the little stuff...otherwise, the insurance company will take note of the fact that you do not "get it" and rid themselves of you. Just like health insurance companies only want to insure healthy people, automobile insurance companies only want to insure people who don't get into accidents [or don't submit claims for the piddly stuff].
It's hard to tell exactly which institution is circling to drain faster at this point, but insurance is reason 4,863 to get the hell out of California as fast as possible!
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#34
'book' value or 'agreed upon' value
Continuing to do research with my Home/Auto policy as well as considering Hagerty. From what my agent told me... if damaged, my 2017 F would have a 'book' value determined. Then, the repairs would be figured out. Agent said that a car is generally 'totalled' if repairs exceed 70-75% of 'book' value. I did a quick KBB valuation and the car is currently about $28,000 (2017 base/premium/manual trans) , so if there was $21,000 damage, it would be totalled. Also looked up the Jaguar approved aluminum network for my zipcode.
https://www.jaguarcollisionrepairnetwork.com/
I will be reconciling the coverages between current Home/Auto at 'book' value and what Hagerty will do for a $48,000 'agreed upon' value.
At this point, it's not so much what the premiums cost, as it is the spectre of having the F considered 'totalled' for repair costs. Would like to hear from F owners who have gone through this process, what was damaged, where did you take it and if you feel comfortable, how much did it cost to get it repaired........
https://www.jaguarcollisionrepairnetwork.com/
I will be reconciling the coverages between current Home/Auto at 'book' value and what Hagerty will do for a $48,000 'agreed upon' value.
At this point, it's not so much what the premiums cost, as it is the spectre of having the F considered 'totalled' for repair costs. Would like to hear from F owners who have gone through this process, what was damaged, where did you take it and if you feel comfortable, how much did it cost to get it repaired........
#35
11 years is short now? That's like 20% of a person's driving lifetime and people get worse at driving during the final 20% haha
#36
#37
@Craaaazzy I had a DB9, Evora and got my 21 yro daughter a 12 chevy as a graduation present, my insurance went from 1270 for 6 months to over 2800, because I had to add her 2 my cars she would NEVER drive. Insurance companies will do what ever it takes to get the most money from you, just like the government does.
#38
#39
@Craaaazzy I had a DB9, Evora and got my 21 yro daughter a 12 chevy as a graduation present, my insurance went from 1270 for 6 months to over 2800, because I had to add her 2 my cars she would NEVER drive. Insurance companies will do what ever it takes to get the most money from you, just like the government does.
#40
It's not all econ/Fed/politics
Current economic conditions in this country are largely responsible for escalating insurance costs for everything, cars, boats, houses, commercial properties. Blame it on the Fed and the current administration, at least in part, because of the inflationary policies they have both fueled.
The following 2 users liked this post by Valerie Stabenow:
Jayt2 (03-03-2024),
SouthSider (03-03-2024)