johnyIROC

Anyone know anything more about this? I know they are targeting ricers and trying to prevent unnecessary deaths, but this is going to affect alot more people than just street racers.. by the guildlines in this memo, very few vehicles would be covered. Apperently SEMA is taking some action against this...

Hawk92z-TDZ

Its true unfortuntly

I ran into that problem last summer with my car. My company for 11 years dropped coverage on my car with out so much as a consideration. Took me abit to find a company that would cover it.

RegaPlanet

Who are you with now Hawk and what have they said about mods?

flrtin1

This is nothing new and I not sure it is about any particular type of modified car just all of them. I went through these same hoops back in 1990. IMO insurance companies should be on trial for corporate theft with the rest of them.

Cruzin Kaz

Jay what year is the car in question?? "Silver Wheels" insurance covers many different modified cars, but they must be over 15 years old. Pretty good rates too for the most part. Here is a link for you to look over some. http://www.lant-ins.ca/ You will want to look into the "Custom Wheels Plan"

johnyIROC

Kaz, where did you find this place? Those premiums look amazing.... cheaper than what I pay now for my delta.

The car is a 1987... so it should qualify. I'm going to look into this. Do you know anyone else who uses these guys?

George

I use them. Cost me 450 for full coverage on the TA appraised at 17.5 including tax (lol i know). Standard policy with 1 mil liability is the only thing they have - I prefer 2mil liability. Full replacement value if the car is written off / stolen etc. The carrier is Aviva out of Quebec i think. There's some other people on here who use them which is how i found out about it last year. Limited usage but no too bad and you have to have a second vehicle as your daily.

darbleinad

i looked into that insurance awhile back cause i am super cheap, but for us young guys, it sucks, you have to be 26 (well actually 25, but you have to have had your license for 10 years, so its really 26).

johnyIROC

I'm 26 in 3 weeks... and the car is only for weekend driving. I think this is perfect. I was worried about insuring it.

darbleinad

yeah it will work perfect for you. i have to wait 4 more years

Cruzin Kaz

I've been using them for 3 years now. I pay $425 a year for my SS. Appraised at $15,450. They are a great company, but yes like Brad mentioned, you must be at least 26 years old.

Eric2ndGen

This is nothing new- but insurers are getting increasingly more and more abusive when dealing with clients/potential clients- basically it's "our way or f%ck off".

However, don't jump all over a specialty policy like the one mentioned- it's alot more than just getting your car appraised and then paying $400.00 a year. It's a "specialty" policy and the car insured under it must be for "specialty" use- i.e. going to car events and the like- driving it here, there and everywhere every weekend is not part of the coverage. Also- it has to be taken as a secondary policy- you have to prove you have an active, current policy on another vehicle which is your daily driver, or you won't be taken on. The point- investigate the policy thoroughly before buying- otherwise you may end up not being able to use your car when you want to, or not being covered in the event of an accident that happens at a time when it can be proven you were not following the policy restrictions/agreement.

6speedIROC

iTrader: (3)

Hey guys,

Haven't posted here in a while now..

I have the silver wheels for modified cars.
I ended up going this route because of the questions my 'regular' insurer started asking about the IROC when getting a quote, like has the car been modified in any way?...What is the definition of modified?? Aand are there any high performence parts installed?...and after telling them about changing the engine they asked if it has been modified in any way ? I asked them back what is the definition of being modified..they had no specific answer, stroking? changing the plugs?, changing the valvecovers?. I was afraid of getting dropped on my regular driver when they saw photos to have it insured for the appraised value so went to Silver Wheels.

Silver Wheels dictates that the car may not be driven to WORK or to SHOPPING MALLS. Driving on the weekends for recreational purposes is ok, ie to a friends cottage, cruise around town. Anything car related is OK, even to the US. THe Hotrod power tour would be ok. Vacations are not allowed unless you tell them about it and pay I think $100 extra coverage, ie going to Disney World for a week. A vacation is anything longer than 4 days, so extended long weekends are ok. They are very understanding and reasonable, and are REAL car people.

Coverage is also for 12 months, not summer only. If you cancel for the winter and try to renew to save a few bucks they will deny you.

I'd recommend them, no worries about insurance then!!

Buddy

I think insurance companies are in a real need of a "clean sweep", wipe them clean from the planet and start fresh. They're all a bunch of ****** thieves. It's really getting out of hand, you can't have any enjoyment of any kind in this country anymore. Just work and pay your taxes, and pay some more. Soon you'll have to have some kind of a tax or insurance to pay, with stipulations, to get laid!!

87LG4FORMULA

My broker is a long time friend and she went with the don't ask don't tell approach, however i guess the definition of modified is pretty subjective and she definitely officially frowned when i talked about drag racing the car She said pretty much anything done could disqualify a car and how many of us are bone stock? lol

George

Problem is that if you have a serious claim it will not be the broker who deals with it but an aduster possibly from an outside firm which does nothing but handle claims with a view toward minimizing the amount paid out by the insurance company. These people are real ******.

The entire insurance industry needs to be dropped in the lake but I believe that the government is afraid to do anything about it.

iroc2nv

kaz,

thats a great place dude(silver wheels)...but unless you have been driving (licenced) for 10 years...they wont cover you..i tried...

the best that i can say...is tell the insurance companies that you have a modded car and see what happens...
its not right...but what can u do to protect your investment

iroc2nv

edit: damn..looks like i should start reading the entire post before i add my .02...oh well...i cant get it for another year...and im paying $600/month for the iroc now because it was appraised for $20,000... i have to do what i have to do

Acceld Z

Dude, you pay $600 a month to drive an IROC?

I love these cars but that would be completely unacceptable for me

George

Schit, $7,200 if it's for a full year - that's more than most of them are worth.

iroc2nv

i have to man...i have no choice...until i turn 26 im stuck..ive went everywhere and noone wants to insure a 17 year old car thats worth $20,000 (like you said initially johnny) so if i want my "investment" to be safe and secure..then i have to do it..

but you know what pisses me off... i have my full G licence... and when i got that and turned 25 my insurance went down $200 a year...whoopty sh*t...my sister, 21 years old, doesnt have the experience in her whole body that i have in my little finger, gets her G licence and drops $100/MONTH!!

just because shes a chick..thats not right...

i cant wait til i get married and i turn 26..

iroc2nv

87LG4FORMULA

i cant wait til i get married and i turn 26..

YUP THAT'S RIGHT GETTING MARRIED SOLVES ALL YOUR CAR AND
$ PROBLEMS! LOL
NOW MY WIFE WANTS HER OWN CAMARO!

mikesz1984

well all i have to say is that when i got married i had a clean liscence and guess what my insurance never got any cheaper, also when i turned 26 i never got a discount on my insurance, now i am sure that the insurance company must just have forgot to do it. In all honesty i would not count on them lowering your rates when you get older, normally all they do is come up with some other excuse as to why they cant lower your rates.

chevyrumble83

i hate every insurance company, what gives them the right to take away peoples passions and hobbys! what really gets me is the way they charge so much for first time drivers, because u no when u are that young u make so much money! they should give u a chance and then if u mess up fine bring up the price. first time i called around some place would tell me 600$ a month!!! what 17 year old can pay 600$. u no there is people out there that dont have parents who drive, so because we dont have anyone we are screwed! everything about insurance companys is just flat out WRONG! it almost pisses me off as much as the education system.

Eric2ndGen

Don't take this the wrong way- but I'm gathering you're not what would be considered "old" yet. Welcome to the "system". Actually, I'm serious- whenever someone actually sees the holes and gets pi$$ed off about it, hopefully we all get one step closer to getting it fixed...

6speedIROC

iTrader: (3)

Did you guys hear that the auto insurance companies profits' are up 700% this year from last..something like 2.x billion dollars!!!

91wtROH17's

Hearing that just pissezz me off even more!!

copperchick

First of all, consider the source- State Farm. That, in itself, explains a lot of it. Personally, I have switched mine over to the Custom Wheels program with Tony Lant. The car has to be modified for them to cover it under that plan and it has to 15 years old.

Here's the link: http://www.lant-ins.ca/

Best of luck!!

I pay about $210 per year (all year) and they cover it for the appraised value (not the black book). So far so good with them.

87LG4FORMULA

Got an appraiser coming in the morning. He said he'd bring a list of companies with similiar ins for modified, i'll see if any better than lant, also get an appraisal which is fun for the "scrapbook"

copperchick

Fun for the scrapbook and required for companies like Lant's. Best of luck . Let us know how it goes.

87LG4FORMULA

No good alternative to Lant's but they sound good. Co-operators has a similiar program though if you are with them. Appraiser liked the car and he'll take a week to send me the appraisal. The book value for these cars does suck so this should give me a hope at replacing the car if... cost just over $100 for him to come to me btw Gotta redo it whenever i feel mods require it or every 5 years.

copperchick

I would not bother with the Co-operators. That's who I switched from. They said that most appraisors over-value cars, so they refused to insure it for the appraised value! I argued with them and they would not budge! That's why I switched to Custom Wheels. Co-operators would cover the car for an amount "between the black book value and the appraised value". They would never tell me what that amount was. Black bok's probably about $600 on an '84 Z?28 (what I have). Appraised value was $7500. That's a Hell of a gap.

With lant, you pay according to the appraised value and that's what they pay out in the event of a total loss. There's a name for the type of form they write the policy on, but I don't remember it of the top of my head.

Best of luck with this again.