What are folks doing for insurance for B5 S4?

[neutronjeff]

I'm happy to have found this active B5 board for our beloved cars. I'm a daily driver, and I have tried to get insurance that would leave me with something should I suffer an unfortunate event.
Hagarty declined to cover me. What solutions have you found?

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[LINDW4LL]

What do you mean by "leave me with something"?

[tar]

What do you mean by "leave me with something"?

He means he wants above the book value. Like a agreed upon value.

[spacecadet]

after a few years daily driving a super moto and the subsequent interactions with law enforcement, I'm just glad to find someone that will sell me insurance :p

[neutronjeff]

He means he wants above the book value. Like a agreed upon value.

Correct. More than the $2000 I'm likely to get, for our cars that have been well maintained and have, in some cases, $10k of upgrades, or more.

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[JVD]

I've never had a difficult time getting fair market value for my cars in instances like you're describing. They will usually offer you well below initially. Negotiate after that until it's something you think is fair.

If your vehicle is heavily modified you have to inform that it is and would like to have it insured for that added value. If you never tell them you'll just get market value for a stock S4.

[ElementR]

Why did Hagerty decline to cover you? I've been insured with AAA for a long time and have wanted to move both the mustang and the S4 over to Hagerty since I have far more money into them than they are insured for with AAA and neither is my DD. I just got a quote from Hagerty for the S4 for $15k coverage no problem.

[hadokenny]

Just find an insurance company that will insure you for "agreed value".

[Royal769sr]

Nice

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[neutronjeff]

Hagerty said too many miles per year ~10k, and not old enough.
Daily driver is a no go for them.

If someone has experienced success with another vendor for agreed value, I'd love to hear.

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[LakeTahoeQuattr]

I went thru this last week as I was seeking the same thing. Found the same as you, you need an agreed value policy and it looks like haggarty is the only one for that. I guess Ill have to wait to 2022 before I can insure my car to get anything more than the KBB value. I also looked at progressive and they offer a rider for about ~$11 p/m which gives up to $4K for damages done to the modifications. In other words if my car is worth 3K, I may get $7K if it burns to the ground...

So for now I just keep the traction control on.

[ElementR]

Hagerty said too many miles per year ~10k, and not old enough.
Daily driver is a no go for them.

If someone has experienced success with another vendor for agreed value, I'd love to hear.

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OK, that makes sense for the usage. They are a classic car/pleasure vehicle insurance company. I might put a couple thousand miles on the S4 in a year.

[ianwpb]

A friend of mine had a 96 Skyline with agreed value insurance through progressive I believe. It was ridiculously expensive, somewhere around $400 a month for $20k insurance. I would guess it would require great credit and a good driving history.

[Seerlah]

You buy the car back, and try to recoupe as much back yourself as you can (ie part out or swap parts onto cheap replacement).

[Peter1.8t]

Hagerty usually only deals with collector cars or rarities. A 17 year old shitboxe commuter Audi that they made thousands of is not something they view as collector worthy. Hagerty insures my '31 Ford Roadster street rod, that's like $700 for the whole year, and that car might get driven a 1000-2000 miles in a year.

You can get the car appraised privately and see if whatever insurance company you choose will insure it for that amount.

I know Progressive would allow for aftermarket part insurance on cars. They would cap you out at $5000 on their standard policies, you could call and negotiate for more if need be. I had $5k on both Audi's, 2008 RS4 and 2000 S4. For both cars I was only paying around $130 per month when I switched to them. Now it's up to $190 per month with them, which makes zero sense as I have a clean record, no accidents, no tickets, literally nothing, so I think it's time to switch insurance companies.

[Seerlah]

That is what they do. Lure you in and jack up prices every year. Went through like 3 companies so far because of this. 10+ yrs clean license.

To add to insult, under my mothers insurance to save money. Can not really beat AARP prices...so one would think . Her license is like 30+ years clean minus one or two dumb tickets.

[james 408]

just got it lumped into a plan with a few other vehicles. If you tell em there's aftermarket stuff they'll pucker pretty good. Got kicked off Farmers about a decade ago cause they said it was a race car and wouldn't believe me that the suspension reservoirs weren't NOS bottles =P

most plans at least partially cover aftermarket mods.

geico and progressive were both pretty good at not hiking rates when i had em. AAA in Cali gave me the best atm. Could try Esurance as historically they've had good reps about covering things, and this was confirmed by a couple body shops I know. Progressive are kinda jerks when you try to claim; they made me pay 10% when one of their clients ran into my parked car Dollar amount was too small to fight.

[Peter1.8t]

That is what they do. Lure you in and jack up prices every year. Went through like 3 companies so far because of this. 10+ yrs clean license.

Yup, I switch every couple years because of that. Gotta love the insurance industry.

[jturnbull]

Anyone use/try American Collectors?

[audacity]

i use american collectors. we have both out b5s on it and as well as my ur. full coverage, the b5s have an agreed upon value of 15K each the ur has agreed upon 8k. we pay just over 600 a year. granted we have out mileage set as low as possible @ >5000 a year per car. but you can go higher if you like. they do have a stipulation where the car needs to be in a locked garage. you also have to have another car, i think it has to be newer than 10 years old (used for your daily) and you are also only supposed to use the car for shows and events technically. but we drive ours to more than that.

if you decide to give american collectors a call ask to speak with a guy named barry he's great helps up all the time. hooked me up with being able to use a 20 year old truck as a daily instead of a 10 year old.

oh and to speak on the "jack up prices" you should expect that with anything. the price of parts to replace the cost of medical and the cost of property that may be damaged has all gone up why would your premium not go up to compensate for all of that. that being said. with a collectors policy since you aren't technically really supposed to drive much. it will go down. because the company has far less claims to pay out. last year our policy went down 75 dollars for the year.

american collectors is a great company.

[audacity]

Hagerty usually only deals with collector cars or rarities. A 17 year old shitboxe commuter Audi that they made thousands of is not something they view as collector worthy. Hagerty insures my '31 Ford Roadster street rod, that's like $700 for the whole year, and that car might get driven a 1000-2000 miles in a year.

thats not actually true. they have a section for "modified" cars.

[jturnbull]

i use american collectors. we have both out b5s on it and as well as my ur. full coverage, the b5s have an agreed upon value of 15K each the ur has agreed upon 8k. we pay just over 600 a year. granted we have out mileage set as low as possible @ >5000 a year per car. but you can go higher if you like. they do have a stipulation where the car needs to be in a locked garage. you also have to have another car, i think it has to be newer than 10 years old (used for your daily) and you are also only supposed to use the car for shows and events technically. but we drive ours to more than that.

if you decide to give american collectors a call ask to speak with a guy named barry he's great helps up all the time. hooked me up with being able to use a 20 year old truck as a daily instead of a 10 year old.

oh and to speak on the "jack up prices" you should expect that with anything. the price of parts to replace the cost of medical and the cost of property that may be damaged has all gone up why would your premium not go up to compensate for all of that. that being said. with a collectors policy since you aren't technically really supposed to drive much. it will go down. because the company has far less claims to pay out. last year our policy went down 75 dollars for the year.

american collectors is a great company.

They don't offer liability correct?

[oppositelock]

I had $5k on both Audi's, 2008 RS4 and 2000 S4. For both cars I was only paying around $130 per month when I switched to them. Now it's up to $190 per month with them, which makes zero sense as I have a clean record, no accidents, no tickets, literally nothing, so I think it's time to switch insurance companies.

They must have seen your YouTube videos

[vavJETTAw36]

I don't do insurance.


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[Peter1.8t]

They must have seen your YouTube videos

lol if that was the case I'd probably be in jail than jacked insurance. I try to keep the YT channel anonymous with a different name and dedicated email just for that.

thats not actually true. they have a section for "modified" cars.

That's good to know. They didn't used to offer that years ago when I first started using them. Maybe I'll adjust my policy with them and put one of the shitboxes on there, ideally the rs4 and just say the s4 is a commuter.

[ElementR]

Well, I'll tell you that after reading all the reviews I would stay away from either classic auto insurance companies mentioned here. Granted, the worst experiences are usually the ones that get reported here but just read them. I'll just stick with AAA, keep my low premiums and hope nothing happens. Just know that you can always buy it back and part it if your money is in the mods.... now if it's stolen, that's a different story.

I still like Chris Rock's thoughts on insurance... it shouldn't be called insurance, it should be called In case sh!t happens... so if sh!t don't happen, can't I get my money back?!

https://www.yelp.com/biz/hagerty-cla...-traverse-city

https://www.yelp.com/biz/american-co...ce-cherry-hill

[Hyphy]

I don't do insurance.

oh

[Peter1.8t]

oh

Oh

[mbonder]

thats not actually true. they have a section for "modified" cars.

Exactly. I was going to register my 90 BMW 325is as a collector/antique car but because it has a different driveline/suspension/brakes than what came with the car originally it falls into their modified category. I still have agreed upon value for it but you have to fill out a sheet listing the modifications and the estimated value of each of them so that the underwriters can determine what type of risk the company is assuming should your car be deemed a total loss. Costs me about $1100/yr

I also have a 73 MGB roadster that is completely stock and insured with Hagerty under the Antique car policy. Also agreed upon value but my premium is much lower because it is a stock car versus a modified one. Costs me $275/yr

In both instances the mileage is set at 5k a year, although I don't think I even get close to that. However, there isn't like a mileage check or anything like that either so in reality it is pretty irrelevant.

Currently, the S4 has full coverage from NJ Manufacturers, which supplies insurance to all NJ government employees and their families (my father works for Rutgers so he qualifies as a state employee, and I can qualify as an immediate relative even though I'm private sector). NJM is honestly some of the best insurance around, I've never had any issues despite many tickets when I was younger and 4 accidents over 15 years of driving (one my fault, one no fault, two the other drivers' fault). My rates have remained fairly stable and tend to rise with inflation if anything each year. Eventually I'll get the S4 on Hagerty's modified car coverage, but can't until I find a DD to replace my totaled BMW 530i (December accident, women blew through a stop sign, the week before Christmas, merry merry Christmas!)

[ATCOs4]

State Farm insures me for a good bit, and I don't have any extra stuff added. I filed a hail damage claim that was approx. 3k. I thought they would total it out, but the way they adjust value of it, based on availability/local prices, the claims adjuster said I would have to get almost 6k in damage for it to be totaled out.

[neutronjeff]

So it sounds like ~$6k is the best I can hope for.

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[audacity]

They don't offer liability correct?

they offer everything a regular company would offer.
i have full coverage on 3 cars. i have towing incase thats needed they will even reimburse me for a hotel room if my car should break down on the way to a show. i have 500 dollar coverage on spare parts. meaning if a spare bumper of mine gets damaged i can claim it and get 500 dollars for it.

they offer the same if not more coverage.