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Old 10-18-2013, 09:48 AM   #1
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Jeep Insurance question about adding Mods??

Hi Guys
My wife and I have been trying to decide on the best way to go. I bought the new JK and I will be adding maybe another 25K in mods to it before I am done with the big stuff. How are you insuring your jeep? Did you go with stated value or did your insurance company allow you to send in pic's with prices on the value? I am mostly worried about theft or and accident and then they want to give me book value for the jeep. Any ideas.
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Old 10-18-2013, 09:51 AM   #2
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It varies by insurer. Best to give them a call and ask.

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Old 10-18-2013, 09:55 AM   #3
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Yeah Bob that's a tough one. I had the same dilemma only worse because I own a 98' TJ with twice as much in upgrades than its book value. I cant see most insurance companies giving me 20-25K for a 7K jeep. I added an additional 10K in coverage for awhile but that doubled my premium. I think I'm going to invest in theft security and park in the garage....
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Old 10-18-2013, 10:02 AM   #4
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I can get show car insurance for stated value except for the fact I have no garage. California has some weird laws concerning ins. I was just wondering what you guys had done.
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Old 10-18-2013, 10:51 AM   #5
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Here is what I did Bob, I made a list of all the mods to your old / my new jeep, took pics and gave it to them stating how much I paid for it and the cost of the mods. (I used the receipts you gave me and internet prices for those I didn't have a receipt)

It is now in our file for any issues and they can refer to it at any time. BTW we have State Farm Ins.
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Old 10-18-2013, 10:56 AM   #6
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I have Nationwide I believe and all I had to do was send the pictures and cost of each mod they did the policy accordingly. Make sure to keep your paperwork..
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Old 10-18-2013, 11:04 AM   #7
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Here is what I did Bob, I made a list of all the mods to your old / my new jeep, took pics and gave it to them stating how much I paid for it and the cost of the mods. (I used the receipts you gave me and internet prices for those I didn't have a receipt)

It is now in our file for any issues and they can refer to it at any time. BTW we have State Farm Ins.
Do you know what affect it had on your insurance rate? In other words did you get a quote based on KBB vs KBB + all your mods?

In my case the premium about doubled and I'm still under insured.
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Old 10-18-2013, 11:13 AM   #8
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Do you know what affect it had on your insurance rate? In other words did you get a quote based on KBB vs KBB + all your mods?

In my case the premium about doubled and I'm still under insured.
What I remember is I sold my 05 Chevy K3500 and transfered the coverage to my 04 Rubicon and got a small refund for the difference. My wife did it and did not ask for details. Sorry.
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Old 10-18-2013, 12:06 PM   #9
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I just called Mercury and they won't cover 90% of what I have in it. Stock is about all they will do. Calling a friend who sells State Farm.
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Old 10-18-2013, 12:11 PM   #10
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I went down this road bob... Conclusion for me after my build. .. Beef up anti theft and sleep with one eye open.
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Old 10-18-2013, 12:11 PM   #11
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(hit "sent" after Gunner's post).
This is a good subject. I have Mercury- and my guy told me to keep receipts. But he was also pretty vague- and he didn't want to know what I'd added- especially anything related to 4 wheeling. I doubt Mercury would be reimbursing me for 35" tires. We also have a supercharged Infinity- no way we're telling the agent we have 450 HP. Or that we're off rock crawling on the weekends.That's where it gets dicey- tell them too much and they jack your rates. I also can't increase the value willy-nilly- its set from when I bought it. I asked about a separate policy/rider (like I have on my wedding ring) on top of the standard one and I was told Mercury doesn't offer it. I know one of the carriers offers it; but I don't know who. If anyone does please let me know.
Worst case scenario under a "totaled" situation- strip the mods off and sell them before it goes to the junkyard.
After talking to some folks this weekend I am adding Triple A so we can get that 200 mile tow option. The standard policy doesn't cover it; and looks like you have to wait 90 days to upgrade to it- but I think its worth it.
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Old 10-18-2013, 12:12 PM   #12
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When Dennis built my JKU he gave me two invoice copies. He told me to send one to the insurance company and tell them to add it to the value of the Jeep. When I was in there with the TJ he asked if I did it, I have not and he gave me a hard time, lol. I have Geico and really do need to get it done, seeing this just reminds me.

He had a new JKUR in the shop that was totaled, he was pulling mods off because he had just put them on the week before it was wrecked and he hadn't even been paid all that was owed on it. The owner had not insured the extras and wasn't getting reimbursed for them.

He said he gave his insurance co. a flat amount that he wanted his Jeep covered for and then made the premium affordable by upping his deductible. I'm not sure what company he has. I do think each company is different and that makes it confusing.
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Old 10-18-2013, 12:14 PM   #13
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Call all of them and get their quote in writing if you plan to use them. Other than that all I can say is DO NOT - UNDER ANY CIRCUMSTANCES - USE FARMERS. Those rotten bastards screwed us out of a $30,000 claim on a damaged wedding set, because it didn't happen during a lightening storm (or something equally as ridicules).
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Old 10-18-2013, 12:20 PM   #14
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Worst case scenario under a "totaled" situation- strip the mods off and sell them before it goes to the junkyard.
After talking to some folks this weekend I am adding Triple A so we can get that 200 mile tow option. The standard policy doesn't cover it; and looks like you have to wait 90 days to upgrade to it- but I think its worth it.
That might be ok if it doesn't get stolen. Then you're pretty much screwed on the mods.

Subscribing to see what everyone else does. I park in the garage, but yeah, could be stolen while I'm out. I drive all over the place for work. Some areas aren't so good.

Coincidentally, I just called AAA last night and increased my tow distance from 7 miles to 100. It wasn't much different in price.

Regarding theft or the Jeep getting totaled: I figure if it's totaled I can hopefully strip some mods. If it gets stolen, I'd be starting over with a stock Rubi which would really suck.
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Old 10-18-2013, 12:28 PM   #15
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I just called Geico and asked about adding $15,000 worth of mods to my JKUR. She said it would increase my policy by 79.90 every 6 months. Unfortunately I don't know what my premium is because Mike pays it and I forgot to ask. Also we have 6 cars on it, lol.

She said they do a customization list where you tell them the addition and the cost, they list it and you keep the receipt. It didn't sound like they have a limit and they give military discounts.

It may be worth a call to see what the quote is. I do know they pay quickly on a totaled vehicle. I lost a 6 week old, 2000 Mercury Cougar when our house burned down and all I had to do was fax a copy of the receipt from the dealership. Within a week I had a check in hand and ordered the exact same car again, lol.

When Mike rolled the 95 YJ down the cliff, the adjustor was at the body shop that Monday and by Thursday we had a check for 1,500 more than we paid for the Jeep.

Amanda got in an accident in a car I had over insured not long after her getting her license, they completely repaired the old thing with no problems. I've pretty much gotten my moneys worth from them
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Old 10-18-2013, 12:29 PM   #16
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That might be ok if it doesn't get stolen. Then you're pretty much screwed on the mods.

Subscribing to see what everyone else does. I park in the garage, but yeah, could be stolen while I'm out. I drive all over the place for work. Some areas aren't so good.

Coincidentally, I just called AAA last night and increased my tow distance from 7 miles to 100. It wasn't much different in price.

Regarding theft or the Jeep getting totaled: I figure if it's totaled I can hopefully strip some mods. If it gets stolen, I'd be starting over with a stock Rubi which would really suck.

Re: AAA - I have 3 people on my plan and pay $175 a year for the 200 mile tows if needed. The best part about the premier program is the added benefits. For example, if we have a break down out of town, they will "A" pay for a rental car for a day (besides taking our vehicle home of course), and "B" they will put us up for the night in a motel because of the inconvenience. Turns out, we are just under 200 miles from Las Vegas. Have not had to use that service yet, but it sure is comforting to know that we will never get stuck over there. Even if the casinos take all of our funds!! LOL
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Old 10-18-2013, 12:44 PM   #17
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Re: AAA - I have 3 people on my plan and pay $175 a year for the 200 mile tows if needed. The best part about the premier program is the added benefits. For example, if we have a break down out of town, they will "A" pay for a rental car for a day (besides taking our vehicle home of course), and "B" they will put us up for the night in a motel because of the inconvenience. Turns out, we are just under 200 miles from Las Vegas. Have not had to use that service yet, but it sure is comforting to know that we will never get stuck over there. Even if the casinos take all of our funds!! LOL
We have the premier AAA coverage too. We had to use it on the MH once for a tire change and Mike used it on his F350 for towing. We have the kids covered too, just in case and it's not much cost for the benefit.

I also pay 28.00 every 6 months for a mechanical coverage on my Infiniti and the JKU. It has a 250 deductible and will cover anything, I originally got it because of the clutch in the car. It seems no warranties will cover wear parts, this will. You can only obtain it on a brand new vehicle within 18 months of owning it. I think it lasts until 100,000 miles. It's something to look into if anyone is getting a quote from Geico anyhow.

Another thing people should check into is what your homeowners will cover. Ours is with Safeco and they will cover 1,500. of camping equipment and another 1,500 of ski's and boating equipment. Kind of nice to have it on top of our boat insurance. Oh ya, our boat insurance includes a 1,500. life insurance coverage on our dogs, lol.....Mocha may need to go for a boat ride
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Old 10-18-2013, 12:56 PM   #18
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My advise would be to get any guarantees of additional coverage in writing from you're agent.

If yhe agent tells you that 25K extra in parts is covered and you're not paying anything extra for it I would run. Why would we pay the same price as a soccer mom that has a bone stock jeep???/ Dosent make sence.

Jeeps are a difficult thing to insure....

The second you tell a specialised collector car company that you are going to use it in the dirt and on the rocks they would cancel you.

Like mentioned you can get a stated amount policy through certain insurance companies but it's going to cost you.

What I did with mine is insure the bumpers,side steps,lights and winch for about 7K in special equipment coverage. It added a little to my premium but not much. Most won't insure suspension or wear items like tires or big break kits.
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Old 10-18-2013, 01:08 PM   #19
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I went down this road bob... Conclusion for me after my build. .. Beef up anti theft and sleep with one eye open.
That's what I did with my race cars. No Ins other than PL/PD on them. No one covers an 800 hp street sleeper. I wanna sleep knowing it is covered. But I know what you mean. I slept with a 357 then. And had dogs. I hate those horn honking things though. I did have LOJack on my Race bike.
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Old 10-18-2013, 01:12 PM   #20
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My advise would be to get any guarantees of additional coverage in writing from you're agent.

If yhe agent tells you that 25K extra in parts is covered and you're not paying anything extra for it I would run. Why would we pay the same price as a soccer mom that has a bone stock jeep???/ Dosent make sence.

Jeeps are a difficult thing to insure....

The second you tell a specialised collector car company that you are going to use it in the dirt and on the rocks they would cancel you.

Like mentioned you can get a stated amount policy through certain insurance companies but it's going to cost you.

What I did with mine is insure the bumpers,side steps,lights and winch for about 7K in special equipment coverage. It added a little to my premium but not much. Most won't insure suspension or wear items like tires or big break kits.
Off road I guess it is my bad. Just like on a race track. But I am worried about getting t boned or stolen. It would be nice to be covered when your wheeling though. Didn't think about a 600 a month payment and no jeep to go along with it. At least I could let the insurance lapse then.
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Old 10-18-2013, 01:40 PM   #21
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Off road I guess it is my bad. Just like on a race track. But I am worried about getting t boned or stolen. It would be nice to be covered when your wheeling though. Didn't think about a 600 a month payment and no jeep to go along with it. At least I could let the insurance lapse then.
you would be surprised by the amount of offroad claims turned in and paid

I wheel my jeep hard but avoid anything that is a guarantee to hurt the paint and body. With 685 more payments to go I would like her to last...lol
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Old 10-18-2013, 01:42 PM   #22
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.

I also pay 28.00 every 6 months for a mechanical coverage on my Infiniti and the JKU. It has a 250 deductible and will cover anything, I originally got it because of the clutch in the car. It seems no warranties will cover wear parts, this will. You can only obtain it on a brand new vehicle within 18 months of owning it. I think it lasts until 100,000 miles. It's something to look into if anyone is getting a quote from Geico anyhow.

This is a great option. Except I think I am at 18 months on my JK....time to dig out my paperwork. I also may have to re-check Geico. Last time their rate was higher- but I'll pay more for policies that actually have benefit.
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Old 10-18-2013, 02:25 PM   #23
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This is a great option. Except I think I am at 18 months on my JK....time to dig out my paperwork. I also may have to re-check Geico. Last time their rate was higher- but I'll pay more for policies that actually have benefit.
Oh, double check the 18month thing, it's been along time since I got the coverage and it may be a little different or I may be off a little.

I'm sure if I really shopped I may find lower premium's than Geico, but since we've been with them for so long and had so many successful claims (sounds kind of bad, lol) we've stuck with them.

When the homeowners adjustor came to the house after our fire, his first comment was, "oh no, we don't have your auto insurance too, do we?" Haha, he saw my burnt car and thought it was a Porsche

We are a little insurance crazy, because of all our catastrophes over the year we tend to over insure everything
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Old 10-18-2013, 02:44 PM   #24
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you would be surprised by the amount of offroad claims turned in and paid

I wheel my jeep hard but avoid anything that is a guarantee to hurt the paint and body. With 685 more payments to go I would like her to last...lol
685 more payments? That's one expensive Jeep lol.
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Old 10-18-2013, 03:11 PM   #25
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With 685 more payments to go I would like her to last...lol
WTH, 57 year financing??? Holy !!!

Even at $50.00 a month thats $34,200.00. Wow is all I can say. LOL
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Old 10-18-2013, 03:12 PM   #26
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685 more payments? That's one expensive Jeep lol.
Maybe his payments are only $50 and hey it gives him 57 years to pay it off
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Old 10-18-2013, 04:24 PM   #27
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Working on a possible Blanket deal covering everything under a 1,000,000 dollar limit. That includes the home contents but not the structure. We have that thru the HOA fees.
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Old 10-18-2013, 04:30 PM   #28
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Maybe his payments are only $50 and hey it gives him 57 years to pay it off

Set me up with one of those 57 year, $50 a month plans............I don't have THAT much longer to live. I'm sure I wouldn't do any damage to their vehicle between now and the pay off date! Think they might consider throwing it the cost of some serious mods while we're at it?
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Old 10-18-2013, 04:48 PM   #29
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Working on a possible Blanket deal covering everything under a 1,000,000 dollar limit. That includes the home contents but not the structure. We have that thru the HOA fees.
We have a great blanket policy thru our business. Mike has some type of life insurance set up along with it, I always tease him that he should be careful since I'm worth more alive than dead and he isn't

Our blanket policy is more of a safety net, if anything happens we have the business someone could go after. People are so sue happy it's more for piece of mind.
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Old 10-18-2013, 05:54 PM   #30
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Maybe his payments are only $50 and hey it gives him 57 years to pay it off
They gave me 0% finnancing so I said what the heck....lol

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