So I have a pretty weird question about insurance.... say you have a whole bunch of aftermarket parts in your car and your car gets into an accident... does the insurance take into account the aftermarket parts when settling the claim or do they not?

Say you have a twin turbo in your car, and someone hits it and destroys the TT, are they liable for paying for a new TT or what?

 

You have to tell your insurance company about the aftermarket parts before the accident so they can adjust your coverage but yes it can be covered under most insurance companies. I don't believe all do it but I think most do. You should be calling your insurance company and asking them. It might cost you a little more to be covered but it is better than being in an accident and loosing the money you spent on your high dollar parts.

 

I believe some insurance companies cover up to $1000 in aftermarket parts which is included in your premium. Anything more than that, you will have to purchase coverage for. So if you got into a wreck that destroyed your TT and you didn't tell the insurance company before hand that you had a TT in it, they would only be liable for up to $1000.

 

You need to let them know and have it documented that you have aftermarket parts for them to cover it.

 

There's a guy on the forum that works for an insurance company. He's been pretty helpful in the past but I can't remember his name......anyone know? I'd say to PM him or just call your insurance agent.
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I'm an insurance agent I'll try and answer what I feel is appropriate but not specific to any State or Co.

As long as an aftermarket part is permanently installed in a spot designed by the manufacturer for such equipment, coverage is provided. Custom equipment should be listed otherwise it is paid at its ACV up to a specific limit.

Better to contact your company to inquire about what coverage, if any, you have after you've installed a TT. In any case, make sure you hang on to all documents from parts and labor.

 

Aftermarket parts can be included on a policy but they must be disclosed when the policy is being written. Mercury in Cali, will insure up to 10% of the vehicles value in aftermarket parts, giving on the high side maybe 6k, if you bought your car at 60,000, which most of us didn't so you'll be looking more so around 4200. After you account for wheels and tires your going to basically use most of that up. They require that it be listed and reciepts be available to prove the parts existed. It really would mainly come into account, if your car were stolen, they you'd be able to say on top of the negoitated price of the vehicle the insurance should pay an additional depreciated value on your aftermarket parts so you'd maybe get an additional 3k in a total loss or your vehicle being stolen.

 

The G must be an insurance agents preferred vehicle of driving... Aside from my boss, who owns a Ferrari, S-class AMG, 911 Turbo, Range Rover and a Cooper S :-/

 

This is good information.

Would rates go up if you told your insurance you installed a TT? Would they classify it as a more dangerous vehicle or is it just like any other mod you can do?

 

Generally an insurance agent is on your side, they want a cheaper premium so you'll take the policy. Underwriter's may set a policy to non-renew or cancel if an inspector sees your vehicle or something, but generally no they aren't going to do anything different on the policy, coverage for these items would be very limited. Biggest issue would be a non-renewal possibly.

 

I got an insurance question. How much is it monthly for the g? How much most of you pay? If not every month, how much do ya'll pay every 6 months? Ppl in NY answering this question would be more helpful.

 

I couldn't answer you, since I do not live in NY, but from my experiences - if I was an Insurer, I wouldn't accept risks in Louisiana (State Farm already backed out of this one) or New York. NY simply because they drive like s***. A taxi ride from Long beach to Chinatown gave me adrenaline rush and a headache.

 

Got to love the business!

 

It wouldn't really matter what others are paying, i have never insured two people for identical auto rates, too many variations, I roughly pay $150 a month, for my G. I have different limits than the next guy, i have a different driving record, and different driving experience. You'll find peoples insurance ranging all over the place, from $90 a month, to $400 a month.

 

I think SF just has a moretorium in place in Lousiana, they can't just back out neccesarily. Insurance is governed by the states, they can elect to no longer accept new business in the state, or have certain moretorium for costal areas. I think you can still get auto insurance with them though. Try to purchase a 20th Century Homeowners policy in CA. Nope, Northridge nearly made the company go under, and now 20th or (21st Century) only does auto insurance.