Does anyone with FI tell their insurance?
 

I made the mistake about talking to my insurance agent to find out if I was covered on the track ( thats A big HELL NO!) and after her reaction I'm curious if anyone tells their insurance that their car is FI? I would like to have everything covered but I'm afraid my rates will go to Lambo prices.

Hell no. I was going to look into getting all my mods covered however from what I heard the increase in rates is insane.

State Farm didn't care at all. It was a while ago so I cannot remember exactly, but I told them I wanted something like 10-15g extra coverage for aftermarket stuff on the car, and either it didn't effect the rate or it was so minor I forgot about it. They just said something about making sure to have photos and invoices to prove what was on the car. They were completely "ok whatever" about it. Although, I did not and would not mention anything about racing or track use!

You have to figure that the money you have in mods is pretty minor situation for them compared to the medical bills they have to pay when people get hurt. I dont get the impression that the details of the car matter a whole lot to them.

I tried, but Texas policies only allow for 5k over the value of the car in coverage of aftermarket items. Maybe once I get another assignment.

I would feel good with 5K extra. Gotta figure that if the wreck was bad enough to take out all the mods, youre probably not alive to care. I suppose maybe it has more to do with concern of the car being stolen. Not an easy car to steal unless they tow it.

Good to know! I will have to call my agent. Iv just always been told it's a waste of time

Do what I did, and at first be anonymous when you call to feel out their reaction. It could differ per agent. I asked the questions before I answered any.

Thats what I was looking for, been with State Farm forever. Thank you!

I don't know about your car but my car has a lot of money in the nose. It wouldn't take much damage to the nose for the $ to add up!

I also live in Texas. I have Farmers and my agent is basically family. He did the research for me and Farmers will not cover engine modifications. You can get rims, lift, expensive @ss paint and any other cosmetic things covered but not performance upgrades.

Seemed silly to me considering that the cosmetic things are more likely to get it stolen unlike performance mods that you can't see at all.

Really?
I was told wheels, audio, and other interior items can be but anything else requires an invoice and only a percent cost. I have Allstate, and they have been good to me over the years.

Really? My Allstate agent told me to just increase the value of my vehicle and they would adjust the rate. I think with my last FI Z it went up about $35 or so a month. Of course that was for a high quality turbo kit like an STS kit:rolleyes:

My plan covers 10k in parts, it does not care what these parts are. It's almost like standardized deductions to them. Once you claim a certain amount, they will care what it is, at least my insurance will.

I use State Farm...my agent is my brother....lol.

Or do what tower said. Increase the insured amount of vehicle in total. This is not as effective for individual parts(wheels, stereo), but for forced induction, would work with minimal impact.

I pay $16/mo over my normal amount(for 10k aftermarket parts). Granted we have 5 cars in our plan. YMMV

My Geico agent let me add whatever I wanted. It came out to be like $5 more per month for every $1000 I added. Exterior mods or engine.

Interesting, it might come down to the agent and what they want to do.
I have used my guy for 10 years now and he probably just figured if there was a problem he would cover it while trying to keep my premium down. I don't mind paying extra for coverage, just not some crazy amount. I know once my Z stops being my DD I will insure it at a $X value so if anything happens it is fully covered no matter what.

I have USAA and they cover everything.

Did you have to ask for extra coverage? I have USA as well, and have for close to ten years now.

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i didnt(granted im N/A but even if i was FI i wouldnt tell them), if my mods are at the point where i can not salvage them if in a wreck, the car is toast anyways and its time to upgrade

I wouldn't do it for things like intakes but I have done somewhere around $15K in upgrades in the last 6 months and most of them are in the nose of the car.

i think you and i have different definitions of salvageable

like hypothetically speaking if i were FI, replacing an intercooler and piping wouldnt cost too much if god forbid something happens to the front and i was at fault, but since the turbos are salvageable chances are the car can be fixed, however if i were to get into an accident so bad that the entire kit needs to be replaced, the car is pretty much toast and it would be time for me to upgrade

i dont know if that makes any sense but thats how i have always seen things with my cars, now having the extra insurance might be worth it if the car was stolen that way you are not out 15k for all the upgrades you spent

Another +1 for state farm. As long as it is not wheel to wheel racing my agent didn't havea issue with is at all. HPDE stuff is what I asked about.

Necro REVIVE!!!!!

I'm looking into buying insurance to cover my mods once I get her back. I DD my car so I think it's the smart investment. With my car's depreciation and mods, she is only worth like 40k. Who here has insured their mods and how much did it increase?

YzGyz

I insured my mods with State Farm. I took them invoices for everything which ended up being over $30K. Premium increased about $15 a month but the car is insured for $55K.

I told Geico about my supercharger and my wheels, kit and coilovers and my rate didn't move at all. I'm also in the military, so I don't know if that had a factor in it at all. It's also not my daily driver.

I learned the hard way and lost 6Gs, tell your insurance company get the extra insurance. My old Z got totaled from just the airbags. I got my Stillen SC done less then a year ago and maybe 3,000 miles on the kit. Car was totaled thought I would be good, USAA ONLY COVERS 5Gs with receipts and you are getting a deprecated value. I got less then 2Gs from sway bars, brake lines, oil cooler, SC, exhaust, suspension with mods. Then the insurance company decided to view my old Z as a one off and I got 4,500 for the SC. When I paid 9Gs for everything. So total 11-12Gs for everything I had done and got a little over half back.

Tell the insurance company get your mods covered, don't believe that USAA will cover everything.

USAA I told them I had modifications etc. They said they had a extra $5,000 over value and I could add an extra 20% of the value of the car also. Was like an extra $14 a month.

I doubled the amount of coverage on my car and it dropped my bill 5$ a month. The lady didn't understand why so she called the underwriters just to have it confirmed. All that's needed is proof of the mods and prices

I'll be insurance shopping tomorrow I think. GEICO only covers 5k in mods. State Farm said they insure the car then add a rider or a omething like that for the amount in mods.

YzGyz

I made the mistake of telling American Family and at first it was no big deal. I got a call a couple days ago from my agent telling me the underwriters have decided not to renew my policy because apparently a turbo kit makes my car faster. Morons.

I just checked out Progressive's website. It looks like for aftermarket parts, you are covered for up to $1,000, but you can purchase additional coverage for up to $5,000, totaling $6,000 altogether. That's based solely on what I found on their website, so I don't know if they'll do any more than that.

I went to the local State Farm and the insurance agent said that everything is cover. You just have to have proof of what is on the car. She said pictures or receipts is all you need to have it covered.

YzGyz

Yup, they replaced my carbon fiber splitter without any questions.

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That's good news, I started this thread 1 1/2 years ago and didn't tell them but I have been with State Farm for 15 years.

Yup, I've been with them since 1984 and have received nothing but excellent service.

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Copying my question from another thread:

Has anyone with State Farm had to deal with them regarding claims? They seem to be one of the fewer companies that you can add enough coverage to cover a full FI kit, but I'm hesitant to switch to them because I've heard that they are one of the worst companies to deal with in regards to claims.

I answered your question in the other tread. I didn't have any issue at all with them cutting the check as it happened in less than a week.

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I had State Farm in the past. They took care of the bumper bender when I had them. It was OEM bumper on a different car though. I don't think I will have a problem with replacement/fix if anything happened to the mods. I literally sat there and reviewed and saw her type in the invoiced from my build into the policy and then typed in that all accessories will be covered if damaged or stolen and then typed in the date and her insurance sellers license (not exact words but you get the idea).

YzGyz

I've been with State Farm for over 40 years (about 20 years for homeowners) and have made several claims (auto and home) over that time - never had a problem.