Question about insurance quote

[JT4SC]

Just got a quote from Progressive (through USAA) for the bus I am looking to buy.  Here are the details:

1993 102C3  Worth $125K

1,000,000 liability, 10K medical per person, $2500 deductible, good driving record.

We are going to be using this bus alot so I had to say 30 - 150 days of use per year.

Quote was $1,165 per year.  Seems high to me but maybe its not. 

Any insght would be so appreciated!!
Thanks!

[Eagle]

If that is just for liability it is very high.

[Buffalo SpaceShip]

Yes indeed, very high for liability. From our experience, USAA does not have good rates on insurance for bus conversions. We use them for all of our other insurance since they usually have outstanding rates and service (my wife's dad was a Vietnam vet).

We have our conversion insured through Drive Insurance, a Progressive company, and full coverage is about $650 for $50k appraised value. Miller RV Insurance is the agent, but I'm told you can get policies direct from Drive.

HTH,
Brian B.

[JT4SC]

Its actually through Progressive / Drive Insurance...  I believe its the full policy...at least I asked for the full policy and with the amount I am paying it BETTER be the full policy!!   

[WEC4104]

Likewise ...  Full policy through Progressive / Drive. $50K appraised, $2500 deduct, for under $500/year.   I've been with them for 7 years now. 

Last year I had my first claim with them, a towing charge. Last summer I had the fuel injectors replaced and shortly thereafter one of them failed.  It resulted in a stuck open rack, runaway engine condition on the PA Turnpike, and one of the more exciting moments for me in recent history.  After many phone calls back and forth with Progressive, they eventually agreed to have my 4104 towed from a rest stop on the PA turnpike to Luke's in NJ.   I never saw a bill, but you can bet that the towing charge exceeded my premium for that year!   

[edroelle]

I would suggest that whatever insurance you choose, that you require a policy with "agreed upon value".  If a major claim occurs, it removes one of the arguements.

USAA did not offer the "agreed upon value", so I was forced to leave them.

Ed Roelle
Flint, MI

[jjrbus]

Insurance rates vary greatly by state and area of state. When I transfered from PA to FL several years ago my rates almost doubled. My address is now Pensacola FL I'm paying almost $1000 for full coverage with State Farm. HTH

[tekebird]

I'd get a PO box in PA and re register it there.  if they want a physical address you can buy a plot of land upstate for next to nothing.

[Nick Badame Refrig/ACC]

Hi JT,

AON,  agreed value of $235,000 full coverage, $500 diminishing deductable,  $1,000.000 liability, = $ 1,370.00 year

Good Luck
Nick-

[niles500]

Nick - I'd like to compare rates with you - thanks

[Nick Badame Refrig/ACC]

Sure Niles,

What would you need to know?

Nick-

[DavidInWilmNC]

Yes indeed, very high for liability. From our experience, USAA does not have good rates on insurance for bus conversions. We use them for all of our other insurance since they usually have outstanding rates and service (my wife's dad was a Vietnam vet).

I have USAA for my MC-8.  I have a clean driving record and full coverage.  It costs me around $190 / 6 months with a $250 deductible.  Of course, having the other vehicles give a multi-vehicle discount.  I also have an older pop-up camper that's insured through USAA.  It costs $1 / 6 months.  I sure can't complain.

David

[JT4SC]

I think the thing that is killing me is the fact I said I would be using it 30-150 days per year as compared to the 1-30 days per year.  We will be driving it quite a bit this year so thats the reason I went with the higher day allotment.

Could that be why my premium is so dang high??

[DavidInWilmNC]

I think the thing that is killing me is the fact I said I would be using it 30-150 days per year as compared to the 1-30 days per year.  We will be driving it quite a bit this year so thats the reason I went with the higher day allotment.

Could that be why my premium is so dang high??

Isn't the likelihood of an accident related to the amount of miles a vehicle is driven?  I believe that most RV's are cheap to insure is because they sit more than anything else.  I'm curious as to why one would tell the insurance company how much they'll be using it.  Would they cancel your insurance if they somehow found out that you exceeded the estimated usage? 

David

[HighTechRedneck]

Would they cancel your insurance if they somehow found out that you exceeded the estimated usage? 

• IF they found out it was significantly exceeded, they very likely would.
• How would they find out unless you had a claim while staying long term at a single campground?