Fiat smashed, possible "total loss". How does this go?

[ga.spyder]

All of the hassles with having a car totaled,is even more reason to have agreed value collector car insurance.I cant see any reason why everyone on this forum shouldn't have that! All of our cars qualify,and the insurance is cheaper than most any other type available. Win-win situation
Sorry about your car...that sucks!

[focodave]

All of the hassles with having a car totaled,is even more reason to have agreed value collector car insurance.I cant see any reason why everyone on this forum shouldn't have that! All of our cars qualify,and the insurance is cheaper than most any other type available. Win-win situation
Sorry about your car...that sucks!

I went to Grundy's website and tried to get a quote.
Looks like they force you to put at least 3 cars on their insurance policies to get agreed value insurance on a collector car.
I don't want to put my other vehicles on Grundy --- just want to put the Spider on.
Anyone else have any first-hand experience with how that works?
Is Hagerty any different, perhaps?

[4uall]

Hagerty is friggin awesome I only have Fiona with them, no b.s. at all

First hand experience http://fiatspider.com/f08/viewtopic.php ... =+accident

[focodave]

OK, I just went to Hagerty's website to get a quote.
They allow 1 car to be insured, if that's all you want.
Everyone's quote will vary, but mine came in at $360/year for an agreed value of $15,000.
It's tempting......

[azruss]

Bill's son was using the Fiat as a daily driver so went with regular insurance. I have Grundy. Have just one car with an agreed value of $15k. costs me $213 a year. This is my 2nd year and my rate stayed the same. I did the entire application on line. Once I had the insurance I could get an AZ "classic" plates. They also wanted to charge me more money for the actual classic plate so i just got regular plates.

[focodave]

Bill's son was using the Fiat as a daily driver so went with regular insurance. I have Grundy. Have just one car with an agreed value of $15k. costs me $213 a year. This is my 2nd year and my rate stayed the same. I did the entire application on line. Once I had the insurance I could get an AZ "classic" plates. They also wanted to charge me more money for the actual classic plate so i just got regular plates.

Russ,
So you went on-line at Grundy and you were able to just insure 1 collector car (no additional cars of any type) at $15K value?
Dave

[btoran]

i have only my fiat insured with haggerty and have agreed replacement value. thankfully, i haven't needed that provision, but i did use them for a claim when some clown dented my hood in a parking lot. the claim was paid quickly, without any problems.

[Exit98]

Two years ago George (njfiat81) got rear ended by a high school student. Total loss and he got banged up a bit too. He wasn't with Hagerty or Grundy, one of the other ones. They gave him a check for his agreed on value (10K maybe?) and let him keep the wreck for like $250 or something like that. We stripped that baby down to the floors. Heck he had over a grand in wheels and tires alone.

The next day the rest of us called our insurers and upped our agreed upon value. I bumped mine to $15K. I pay about $280.

Using the Spider as a daily driver requires standard insurance as Russ said above. That makes it tough when there's a loss.

I think all the collector car insurance companies require that the car is garaged. They all limit the amount of mileage annually but it varies quite a bit from company to company. I'm with Hagerty and they are very liberal. They don't even specify a number. You aren't supposed to drive them to work but I hear they are very fair. I use mine from time to time, usually if I have a "club" meeting after work or something like that.

It doesn't matter what the car was bought for, or how much $ was put into it. Its just a question of establishing what the wholesale fair market value of the car is. If the car has been restored or is in exceptional condition you could probably make a good case for $8 to 10K. But for a cosmetically rough driver, body & interior, it will be a tough sell. NADA lists them. And I just got the newest price guide from Sports Car Market and they list them at $7 to $10 in good condition. Hemmings has a price guide too I think. Do some homework and you can at least make your case as to the car's value.

[spiderdan]

FWIW, when I got my Spider I looked into "Silver wheels plan from Hagerty" classic car insurance.
Then I read...Usage - Our Hagerty Classic Car Insurance provides insurance coverage for vehicles used for hobby and/or collector car activities, and not used for regular transportation (i.e., shopping, vacation, business and to and from work).
Hell no I thought, this is a work, cottage, drive her every day for a tour car. I contacted my house/cottage/car insurer (Aviva) and for $350 a year I could get regular/normal insurance. Only problem was, if I totaled her, without an appraisal, I was looking at about $2,000. Called Grandapa appraisals and now if I total her I get $12,000. My insurance went up to $400 based on that appraisal. Yea I have thought about it but what would I get for $12k... a used Miata?

[azruss]

So you went on-line at Grundy and you were able to just insure 1 collector car (no additional cars of any type) at $15K value?

I did this in the Spring of 2013. They had an on-line quote thing where you could change deductables and value of the car and they gave you a quote. I played with the numbers and the only thing that seemed to change the premium much was what i chose for deductibles. The value of the car didn't change it much. I did a head to head comparison with hagerty and a couple of others and they were all in the mid $300s or higher.

[DieselSpider]

Remember that you can still opt to get a lawyer and go after the student who hit the car and if he lives at his parents home more than a few days a year or still has his mail delivered there then many States will hold his parents responsible to make up the difference. No fault is usually just on bodily injury so its the other guys insurance that will be making the payments for the damaged property/vehicle and yes you can reject their initial offers and insist on a more fair settlement were you get to keep the car and have it repaired.

Roadster Salon sells the Basso (Daily Driver) Fiat 124 Spider for $24,995 if that helps with the bargaining:
http://roadstersalon.com/models/spider-basso/

I asked about Agreed Cash Value here in Florida and the car would have to be garaged and only be driven on occasion to be displayed at shows, parades and museums. The insurance company would then have the right to deny coverage if you got into an accident on a weekday driving to and from work or while running errands.

BTW: Was that a parking lot incident? How fast was the other guy going? Am I getting this wrong and your son was deemed at fault?

[ga.spyder]

Some of the ''Big name'' insurance companies offer agreed value collector insurance.I had my Spider insured with State Farm.I am now with Hagerty,as I got a bit cheaper price.When I was with State Farm,I was hit by a van (idiot changed lanes right into my passenger side) on I 40 ,coming from a FFO meeting.His insurance wanted to total my beautiful car! My State Farm agent advised I pay my deductible, get the car fixed, and let State Farm go after his insurance.I did that,and had a check for my outlay in my hands a few months later.

[BNelsonAz]

BTW: Was that a parking lot incident? How fast was the other guy going? Am I getting this wrong and your son was deemed at fault?

Yep Parking lot accident. The kid managed to be going at a pretty fair clip, and was driving his mom's Gigantor SUV when he hit my son in the driving lane. The other kid was deemed at fault, no contest from their insurance. That actually was the biggest deal, because an at-fault accident would have sent the rates for an 18 year old skyrocketing.

[DieselSpider]

BTW: Was that a parking lot incident? How fast was the other guy going? Am I getting this wrong and your son was deemed at fault?

Yep Parking lot accident. The kid managed to be going at a pretty fair clip, and was driving his mom's Gigantor SUV when he hit my son in the driving lane. The other kid was deemed at fault, no contest from their insurance. That actually was the biggest deal, because an at-fault accident would have sent the rates for an 18 year old skyrocketing.

Then you may be in a better position to insist on getting it repaired without it going to salvage. Was you son injured at all? Maybe you should at least consult a reputable attorney to see what your options are.

[124JOE]

I went to grundy they quoted $100 a year at$10000 then they said its a sports car and would be $175 a yr
the next yr I was mailed a renewal slip from phillidaphia ins group and it went up to $185
this is my 3rd tr with them and I want to raze value up to $15000

yes it has collector plates and garaged most of the yr

best of luck to you and your boy .joe

it was like new and should be payed as if it were
not as it was a 30 yr old rusty clunker