Does anyone use state farm to insure their M3 under a classic car / agreed value policy?
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Yes, I have been with the same State Farm agent 25 years+, and my M3 has a classic car policy with them. I set the value at $70k which I know is too low.
This past year my rates went way up, but I have the same guy for so long and he has all my stuff and has been good to me.
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I have had Grundy since 2003 on mine. I have had a claim -windshield replacement. I wanted factory glass. I wanted the installer to make 2 trips -come and remove the old glass and give me a week to clean up all the sealant, treat any scratches the installed made while removing the old windshield, come back and install the new one. Grundy accommodated it.
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Grundy seems to be a fan favorite around here. : )
I guess I should have provided a bit more context for my personal situation....
I got a quote from Grundy. Agreed value $75k, cost $580/year. To me that seemed very reasonable. However, as part of the Grundy policy requirement, I had to make an update to my daily driver insurance (state farm), to add uninsured/under-insured motorist coverage. In talking with the state farm agent, they ran the numbers on the same policy (as Grundy), and quoted me agreed value $75k, at $320/year. I was a bit surprised by the much lower quote, and hoping to get input from anyone else that has state farm policy. Maybe its a great policy, maybe there's a catch? Donno..... hence this thread.
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