Insurance is a PITA!
#1
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Location: Cedar Falls. Iowa
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Insurance is a PITA!
Here is the bare facts.
1. I own a 2000 s2000.
2. I live in Iowa. Winter will be arriving soon
3. I refuse to drive this car in the winter. I drive a 1994 Taurus SHO for a winter car.
4. Progressive insurance will not allow me to keep the $3000 custom parts insurance on my car while it is stored... wtf?
I had a great time with my S this summer and now that I have put money into it. I want to be able to protect my investment. I was going to turn in my plates come November and put my car in a garage over the winter. I do not want my car being under-insured if the worst case scenario happens. As it has been vandalized once before. I don't feel that I need liability coverage on my vehicle; because it is not going anywhere, and is a waste of my hard earned money. I am still making payments and require comprehensive on it anyways. Is anyone familiar with Iowa law and can explain this? I am sure there are plenty of other people that get away with this. I pay $100 per month to insure these two cars (perfect driving record 25 years old). This would reduce it to around 50-60 with the added custom parts insurance.
Thanks,
Josh
1. I own a 2000 s2000.
2. I live in Iowa. Winter will be arriving soon
3. I refuse to drive this car in the winter. I drive a 1994 Taurus SHO for a winter car.
4. Progressive insurance will not allow me to keep the $3000 custom parts insurance on my car while it is stored... wtf?
I had a great time with my S this summer and now that I have put money into it. I want to be able to protect my investment. I was going to turn in my plates come November and put my car in a garage over the winter. I do not want my car being under-insured if the worst case scenario happens. As it has been vandalized once before. I don't feel that I need liability coverage on my vehicle; because it is not going anywhere, and is a waste of my hard earned money. I am still making payments and require comprehensive on it anyways. Is anyone familiar with Iowa law and can explain this? I am sure there are plenty of other people that get away with this. I pay $100 per month to insure these two cars (perfect driving record 25 years old). This would reduce it to around 50-60 with the added custom parts insurance.
Thanks,
Josh
#4
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FYI its the lein holder who requires you carry comprehensive insurance on your car.
as for help in your situation, i got no help. maybe renters insurance can help you out? Ive got my insurance and with USAA and highly recommend them.
as for help in your situation, i got no help. maybe renters insurance can help you out? Ive got my insurance and with USAA and highly recommend them.
#6
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You have a lien; the lienholder has the right to require you to carry insurance to protect their collateral. The lienholder probably doesn't care about your aftermarket parts; they just need assurance that their lien will be paid.
It could be worse: if you leased you probably couldn't drop your liability.
It could be worse: if you leased you probably couldn't drop your liability.
#7
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Originally Posted by shotgunjimmy,Sep 1 2010, 05:43 PM
FYI its the lein holder who requires you carry comprehensive insurance on your car.
as for help in your situation, i got no help. maybe renters insurance can help you out? Ive got my insurance and with USAA and highly recommend them.
as for help in your situation, i got no help. maybe renters insurance can help you out? Ive got my insurance and with USAA and highly recommend them.
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#8
as someone who had their Porsche towed out the driveway, if for some reason you think you have issues, I would say stick with the insurance. I had over $10k in mods not insured on that car. =(
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