josemanss07

Hi i'm new here and I wanted to know if its worth getting full coverage on my 2000 camaro ss. It has 114k on it and i think i was quoted at 900 sumtin every six months. My friend says that these cars are easily totaled out and that the money they give you is fair market value minus which is like 4500 for it. Is this true?

jason2687

iTrader: (2)

Thats definately not true, seeing that I just got $9600 from a totalled '98 z28 with 70,000 miles. It wasn't my fault though, and I actually had/have liability.

ULTIMATEORANGESS

iTrader: (4)

i wouldnt on a car that old. my SS doesnt have it and it has less than 50k on it though i never drive it.

johnlv6

iTrader: (3)

Ask yourself one question. Can you afford to replace your car out of pocket if you wreck it? If not...you NEED full coverage.

OSU Football Fan

iTrader: (23)

Different insurance companies will pay different values for a totaled
vehicle. You need to check with your insurance company to find out
what they will value the car at.
I don't know how old you are or what your driving record is like, but
I bet you could do better than $900 every 6 months. I pay about $350
every 6 months. I carry a $1,000 deductable though.
The higher the deductable is, the lower the 6 month premium is.
You should get a few quotes & see how low you can get it.
I carry full insurance mainly because I hate the idea of getting hit by
someone without insurance.

josemanss07

thanks for all the replies i will look into other insurance companies and ask wat they're valuin my car at n their quotes. guess i jus gotta weigh the pros n cons of havin it.

alittle1

You can get insurance on vehicles for the ACV (actual cash value) where by you determine by appraisal of the vehicle and you pay for by X dollars per $1000 of value. This type of insurance you usually purchase because; 1. the car is a one off design with no comparables, 2. The car has performance options or improvements over and above the normal car. I.E. a fully chromed out blown Hemi in a Plymouth Cricket with mink interior. (no flames, just going for the sublime).

Insurance companies usually go by the average price based on public/dealer auction, Black/Blue Book, and recent internet sales (just in recent years), in order to pay out on totaled vehicles.

If your happy with the average price, then by general auto insurance. If you feel your vehicle has improvements or value over and above the average, then buy ACV insurance. Your paying for what you are going to get if you suffer a loss. In both cases, keep your bills for improvements you put into your vehicle.

jts98z28

iTrader: (18)

i think it all depends if you live/drive in the city, if you can afford to pay the 900, and if you think there is any chance you might get in a accident or not

NastyNate65

i got liability cuz im poor and my car has a salvage title so....why not save some money?

but honestly if i could afford it i would get full coverage just because it really is the smarter choice. So my advice is, if u can afford it, go for it. You will definitlely not regret it if you do have the misfortune to get in an accident

johnlv6

iTrader: (3)

I lived in a small town in GA. For a period of about one year...I couldn't go more than a couple months without some idiot hitting me. Once in my own parking lot...50 ft after leaving my spot. I was hit twice in a two year old car (the second time was the charm) and once in a two month old car. lol. There's no telling when you're going to get into an accident, which is why you have insurance. Insurance is also for what someone else might do...not necessarily what you might do. :2cents:

udienow

iTrader: (18)

I put full coverage on my 00 trans am.

1995blacktattop

iTrader: (2)

I keep collision and comp on my 95 in the summer and comp in the winter while the car is stored. the collisiion only costs me $130 every 6 months and the comp only costs $30 every 6 months. the deductibles are $500 for collision and $250 for comp. I have thought about switching to one of those agreed value policies because i only drove it 4000 mi last year and i want to be covered 100% if something happens, but its technically a back up car or pleasure car so i don't really know how that works with those kinds of policies like grundy. I do generally only drive it to car cruises and what not in the summer but if i did need to drive it somewhere i'd be afraid something would happen that they wouldn't cover.

TheBlueKnight

iTrader: (4)

Don't just think of the value of your car. That's what I got stuck on. It doesn't matter if your car is worth $500, if you end up in an accident with an expensive car, and you don't have the right insurance, it comes out of YOUR pocket. What if you hit a Benz and its $8,000 or more? You gonna pay for that? My friend asked me why I was dumb enough to put full coverage on my 94' accord with 216,000 miles. I don't give a crap about the $500 bucks I's get if it was stolen or totaled, but I'm not payin for repairs on the expensive car I hit.

ULTIMATEORANGESS

iTrader: (4)

most states require liabilty as min covg. usually its up to 100k. i wouldnt carry collision on an old car. ill just buy another one instead of dealing with ins. hikes for the next 5 yrs.

jonlisa973

iTrader: (17)

best advice yet!

sundaydriver

A few hours ago an IDIOT in a Explorer, on a straight piece of snowy road lost control while searching a number on his cell. Slid almost a 100' thru 12" deep snow in the neighbors yard and totaled their son's car sitting 60' from the road in their driveway.

This is why you buy insurance.

9911UZ28

iTrader: (4)

I have Liability/Comprehensive but not collision. $30.00 a month. Car was paid for in cash.

knightryda01

Look into collector car insurance like Haggerty. They pay what you insure... If you value your car at $20,000 then they pay that, it never decreases. Just can't be your daily driver.
If you have regular insurance in the months you don't drive it, drop it down to storage. That's only $20-$25 a month. Really brings down the top end of the bill.

camaro981289

iTrader: (25)

900 doesnt seem too bad. Im 20 years old and i pay $1200 every 6 months thats 206.52 a month. My driving record is clean, no accidents nor tickets(surprisingly). My car is a 2000 Camaro B4C...No T-tops just plain hard top looks more like a V6 than a V8. But its a fun car and i think its worth it for me and i have comfort when driving my car because i know im fully covered since people do seem to be blind on the road sometimes. My advice would be if you live with your parents and if your not the householder have them rate you on an old car. I paid $60 Full coverage a month until my brother sold the old truck i was rated on now i pay 200...sucks pretty bad because now i dont have money to buy mods for the car Damn insurance!

Ironxcross

iTrader: (8)

Full coverage here, one less thing to worry about with all the morons floating around on the road.