Insurance
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MBWorld Fanatic!
Joined: Mar 2010
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2008 BS
Insurance
My policy is up for renewal and GEICO is upping my premium by 25%. I don't know what kind of no claim discount I am getting but 1,000 seems a bit steep for six months full coverage. To those paying less, who do you use?
The car is insured through Florida.
Tks
The car is insured through Florida.
Tks
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Joined: May 2010
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S65
Start shopping around online...?
Then, save the quotes then call GEICO and tell them what you found premium wise for similar coverage from their competitors. Chances are, they will lower your premium to a more competitive one. Geico knows how much less (or more) the competitors are charging, don't let them fool you.
Then, save the quotes then call GEICO and tell them what you found premium wise for similar coverage from their competitors. Chances are, they will lower your premium to a more competitive one. Geico knows how much less (or more) the competitors are charging, don't let them fool you.
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From: REHOBOTH BEACH DE
88-300CE TWIN TURBO, 99-C43, 05-G55K, 71-280SL, 94-E320 CAB, 08 CLK63 BLACK SERIES
Why not collector's insurance...little or no restrictions..and no arguments should you have to file a claim.
My CLK63BS is $584.50 per year with an agreed upon insured cash value of $83.5K
I have a total of four cars with a gross insured cash value of $200K on the policy with the yearly premium at $2363.50.
I have two other vehicles with Allstate, a 1999 C43 and a 2005 G55K with a $1034.00 six month premium...
My CLK63BS is $584.50 per year with an agreed upon insured cash value of $83.5K
I have a total of four cars with a gross insured cash value of $200K on the policy with the yearly premium at $2363.50.
I have two other vehicles with Allstate, a 1999 C43 and a 2005 G55K with a $1034.00 six month premium...
Last edited by RBYCC; Jul 21, 2010 at 08:11 AM.
MBWorld Fanatic!
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From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
I periodically check my premiums, and it's very difficult to get a quote thats exactly the same due to the underwriting rules and the state you reside.
Here's my comparison with a 91K agreed value and 2500 mi a year with comments.
American Collectors $1166 includes 500 ded Comp and Coll and 100/300 Liab.25 mi tow.
Haggertys $1839 includes 250 ded Comp and Coll and 100/300 liab. 25 mi tow
AAA $1397 includes 500 ded Comp and Coll with $1million Liab and unlimited towing distance. 5000 annual miles.
The AAA is hands down the best deal so I'm staying were I'm at.
I'm sure it would be less if it were't for the two street racing cites, one wreckless driving and two DUI's.
Here's my comparison with a 91K agreed value and 2500 mi a year with comments.
American Collectors $1166 includes 500 ded Comp and Coll and 100/300 Liab.25 mi tow.
Haggertys $1839 includes 250 ded Comp and Coll and 100/300 liab. 25 mi tow
AAA $1397 includes 500 ded Comp and Coll with $1million Liab and unlimited towing distance. 5000 annual miles.
The AAA is hands down the best deal so I'm staying were I'm at.
I'm sure it would be less if it were't for the two street racing cites, one wreckless driving and two DUI's.
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From: santa barbara
clk 63 black series
Approx a year ago I compared all the Ins Cos I could think of online Like 20th Century & Geico. None could come close to Mercury by around 25%.
Try MercuryInsurance.com - They'll give you a quote online w/o having to wait.
Try MercuryInsurance.com - They'll give you a quote online w/o having to wait.
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Joined: Jul 2007
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08 SL55
To the OP: Another friend of mine who owns a highend body shop says GEICO is a horrible company to deal with on a claim!!!
I know I probably pay a bit more with State Farm but I'm not worried about how they'll treat me IF I ever have a claim. Not always about price.....
MBWorld Fanatic!
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From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
Perhaps the most restrictive policy written in CA. If you think its a bargin wait till you have a claim.
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Joined: Jun 2008
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From: santa barbara
clk 63 black series
Please briefly explain or give example of what you mean by "restrictive" as far as auto ins goes.
Thanks,
Bob
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From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
[QUOTE=bobus63;4175324]Jim - My BS is State Farm but my girlfriend's 2000 Honda CR-X is Mercury.
Please briefly explain or give example of what you mean by "restrictive" as far as auto ins goes.
Thanks,
Bob[/QUOTE
Mercury is a DISCOUNT insurnace company. If you want your BS repaired at Earl Schieb no problem. Ask the high end quality body shops how much mercury allows on labor charges. They do not specialize in high end cars.
If your hit by a mercury insured, expect to be baggered into a comparitive negligence argument so they can DISCOUNT what they owe. Lastly, compare your State Farm policy to Mercury line by line.
Most of Mercury's adjuster are younger and not trained like State Farm.
Just my humble opinion after thirty years litigating insurnce claims.
Please briefly explain or give example of what you mean by "restrictive" as far as auto ins goes.
Thanks,
Bob[/QUOTE
Mercury is a DISCOUNT insurnace company. If you want your BS repaired at Earl Schieb no problem. Ask the high end quality body shops how much mercury allows on labor charges. They do not specialize in high end cars.
If your hit by a mercury insured, expect to be baggered into a comparitive negligence argument so they can DISCOUNT what they owe. Lastly, compare your State Farm policy to Mercury line by line.
Most of Mercury's adjuster are younger and not trained like State Farm.
Just my humble opinion after thirty years litigating insurnce claims.
MBWorld Fanatic!
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From: Naperville, IL/Chicago
2008 CLK63 Black Series 2012 C63 Black Series 2014 SLS Black Series
StateFarm, very bad driving record, 4 moving violations in past 3 years and I pay $620 every 6 months with very very high coverage and $500 deductable.
MBWorld Fanatic!
Joined: Aug 2002
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From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
MBWorld Fanatic!
Joined: Jan 2008
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From: Naperville, IL/Chicago
2008 CLK63 Black Series 2012 C63 Black Series 2014 SLS Black Series
LOL, I have some decent leverage with my agent, 60 semis and 10 other company cars, and a couple of buildings on a comercial policy not to mention 3 homes and several other cars and motorcycles and an RV on a personal policy tends to result in them looking the other way for an occasional speeding ticket or fender bender. You could send the VP of underwriting some videos of some of my Mexico runs and they would not raise my rates or drop me, trust me I had a bad streak a couple years ago, I thought for sure I was going to get dropped but not only did I not get dropped but I did not even see any major rate increases.
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From: Central New Jersey
CLK63 Black, E350 Wagon, Supercharged Denali, Lotus Elise, Tesla Model 3 Dual-Motor.
MBWorld Fanatic!
Joined: Aug 2002
Posts: 1,309
Likes: 86
From: Cave Creek, AZ and Newport Beach
'22 G 63 AMG, '21 GLE 53 AMG, '20 NSX
LOL, I have some decent leverage with my agent, 60 semis and 10 other company cars, and a couple of buildings on a comercial policy not to mention 3 homes and several other cars and motorcycles and an RV on a personal policy tends to result in them looking the other way for an occasional speeding ticket or fender bender. You could send the VP of underwriting some videos of some of my Mexico runs and they would not raise my rates or drop me, trust me I had a bad streak a couple years ago, I thought for sure I was going to get dropped but not only did I not get dropped but I did not even see any major rate increases.
