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post #1 of 10 (permalink) Old 05-31-2010, 11:46 PM Thread Starter
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Declaring Aftermarket Parts on Insurance

I'm looking at adding some modifications to my insurance policy through Geico.

Front Lip
Custom Paint (Roof, Spoiler, Mirrors)
Suspension
Intake/Inlet/BPV
COBB FMIC (When I get it)
Enkei Wheels

Has anyone on here done this yet? What was your rate increase?


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post #2 of 10 (permalink) Old 05-31-2010, 11:52 PM
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Re: Declaring Aftermarket Parts on Insurance

[quote author=RLS1400 link=topic=173809.msg3679101#msg3679101 date=1275364002]
I'm looking at adding some modifications to my insurance policy through Geico.

Front Lip
Custom Paint (Roof, Spoiler, Mirrors)
Suspension
Intake/Inlet/BPV
COBB FMIC (When I get it)
Enkei Wheels

Has anyone on here done this yet? What was your rate increase?
[/quote]

Geico only allowed me $2000 in aftermarket/custom stuff. I have 2 college age daughters on my insurance so I don't know what they charged me for the added coverage. Geico and I have sex every month. :shock:

I have a degree in Bovine Scatology
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post #3 of 10 (permalink) Old 05-31-2010, 11:54 PM
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Re: Declaring Aftermarket Parts on Insurance

[quote author=HALOREALM link=topic=173809.msg3679107#msg3679107 date=1275364379]
[quote author=RLS1400 link=topic=173809.msg3679101#msg3679101 date=1275364002]
I'm looking at adding some modifications to my insurance policy through Geico.

Front Lip
Custom Paint (Roof, Spoiler, Mirrors)
Suspension
Intake/Inlet/BPV
COBB FMIC (When I get it)
Enkei Wheels

Has anyone on here done this yet? What was your rate increase?
[/quote]

Geico only allowed me $2000 in aftermarket/custom stuff. I have 2 college age daughters on my insurance so I don't know what they charged me for the added coverage. Geico and I have sex every month. :shock:
[/quote]

Is it as good for you as it is for them?


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post #4 of 10 (permalink) Old 06-01-2010, 12:05 AM
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Re: Declaring Aftermarket Parts on Insurance

I've got $25k in additional coverage on my Mustang with Progressive, all they asked for was receipts showing the cost of the modifications. Here's where it gets tricky though, I don't have anywhere near that much in modifications, as a lot of the parts I bought far below retail price and bought some used (Wheels and tires, plus brembos). Plus, I did pretty much everything myself, so no labor. I went to the dealer, got a receipt made up for full retail pricing of all the parts plus labor to install them, and submitted that to Progressive. Costs me like an extra $31 a month on my insurance. But, even then, it's only $138 a month total for the car. Was well worth it.

It's nice knowing if my car ever gets totaled, or someone steals it, I'll probably be driving off the lot in a brand new GT500 with virtually no money down.

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post #5 of 10 (permalink) Old 06-01-2010, 12:30 AM Thread Starter
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Re: Declaring Aftermarket Parts on Insurance

[quote author=smokinAMD link=topic=173809.msg3679126#msg3679126 date=1275365144]
I've got $25k in additional coverage on my Mustang with Progressive, all they asked for was receipts showing the cost of the modifications. Here's where it gets tricky though, I don't have anywhere near that much in modifications, as a lot of the parts I bought far below retail price and bought some used (Wheels and tires, plus brembos). Plus, I did pretty much everything myself, so no labor. I went to the dealer, got a receipt made up for full retail pricing of all the parts plus labor to install them, and submitted that to Progressive. Costs me like an extra $31 a month on my insurance. But, even then, it's only $138 a month total for the car. Was well worth it.

It's nice knowing if my car ever gets totaled, or someone steals it, I'll probably be driving off the lot in a brand new GT500 with virtually no money down.
[/quote]

Good to know.

My buddy has a 2005 Mustang GT fully worked with a Whipple, Super Snake wheels, custom body and paint work, etc and I'm telling him he really needs to add all of that additional stuff as well. Should be interesting seeing what they will charge for a 675 HP car lol

What year is your Stang?


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post #6 of 10 (permalink) Old 06-01-2010, 01:22 AM
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Re: Declaring Aftermarket Parts on Insurance

2010.

Also, whippled, putting out similar numbers to your buddies. Messed up thing is, I'm still paying less for this than I did for my 2007 Mazdaspeed 3. But then again, insurance and healthcare are the biggest ripoffs in America.

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post #7 of 10 (permalink) Old 06-01-2010, 08:32 AM
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Re: Declaring Aftermarket Parts on Insurance

Rich, I have 10k woth of stuff added to my insurance. I ended up paying an extra $70..........PER YEAR. I just got reciepts for the stuff that I could. I specifically asked my agent about the stuff that's on my car that I bought used, all he asked me to do was find the declared value of said items. Not I couldn't give two shits if someone stole my POS.
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post #8 of 10 (permalink) Old 06-01-2010, 09:53 AM
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Re: Declaring Aftermarket Parts on Insurance

I think I need to call Progressive.



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post #9 of 10 (permalink) Old 06-01-2010, 09:16 PM
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Re: Declaring Aftermarket Parts on Insurance

srsly dew it. He was like "70$". " I was like PER MONTH?! Im goood."

Then he said per year. I was like O_O, dew it.
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post #10 of 10 (permalink) Old 06-02-2010, 12:04 PM
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Re: Declaring Aftermarket Parts on Insurance

[quote author=Adam loves JDM hoes link=topic=173809.msg3680170#msg3680170 date=1275441361]
srsly dew it. He was like "70$". " I was like PER MONTH?! Im goood."

Then he said per year. I was like O_O, dew it.
[/quote]

Yeah, try claiming a built motor and supercharger on that then, and then I betcha it will be similar to what I'm paying.

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