Question about insurance

[getatjbrown]

ok, newbie here...go easy


I have owned about 20 Hondas in my life, the newest one i think was a 95.

I currently have a cb7, with 90,000 miles on it that I would love to start putting some money into. But I was wondering how the insurance would work, since the blue book on our car is a little under 2 grand now.

I mean, if i just get some body work done and get it painted im looking at 2 grand. If someone hits me and takes off (which is common in this area) is my insurance company going to laugh at me?


Im interested in everyones view...but please be serious

[Aldoescu]

It depends on what kind of insurance you have. And if it's full coverage, liability, etc. I know some companies allow you to pay more to cover your parts in case something happened. For the most part tho you're on your own, I look at it as taking a risk putting alot of money into a car, cause you're never going to get the full amount out of it. Good luck!

[bacal36]

As long as you have full coverage they should take care of it... but why put full on a nearly 20 year old car? You can also get uninsured motorist coverage as well... at least you can here in SoCal where there are a lot of people who do not have insurance.

But either way you are paying for a service and should get things taken care of.

[Lil' Whitie]

keep all reciepts of the aftermarket mods you did. they should at least rememburse you for that but not for the labor putting them. thats what i have been told.

most people her i seen that got a wreck end up buying the car back from the junk yard or strip the car before the insurance get it and sell the after market stuff.

[Junk]

you've got a 15 year old honda. it isn't exactly a classic car. so yes, your insurance company will laugh at you.

drive defensively.

[bobbycos]

you've got a 15 year old honda. it isn't exactly a classic car. so yes, your insurance company will laugh at you.

drive defensively.

you also have the companies that insure only collector cars and customised cars. they are listed in magazines like Hemmings,Old Car Trader and the like.

why don't you talk to your insurance company and ask if they have a collector car program. it doesn't hurt to call them

[Gotz Cb7]

Yea, pretty much...if you wreck it and it's your fault, you're screwed. If it's the other persons fault, you'll most likely just get 3/4 of the car's value or whatever. I think about this everyday. My dad owned a 1992 25th anniversary RS Camaro, and a Neon hit him in an intersection. It was her fault, AND the car was already paid off, and he STILL had full-coverage, and the damage was too much. 1 Air bag, is worth 1500 dollars to fix/replace. They just gave him the 2500 bucks, and told him to have a nice day.

[1lowcb7]

I have full coverage on my 99 mk3 vw jetta it was just in a wreck my wife was driving an it was her fault. My insurance paid for there car to get fixed and then told me to take my car to three body shops of my choice to see how much it would cost to fix. They all said like ruffly off the top of my head was like $1500.00 to $2000.00 for a bumper, fender,headlight and then to repaint it. And all i had to do was pay my deductable which is $250.00 so i think i got off light. And yet to see my insurance jump up i guess it's all up to what kind of coverage you get or got hope this helps!

[deevergote]

Full coverage will cover up to the value of the car, or near it, and then write it off as a loss. If someone breaks all your windows, steals all your electronics, slashes your tires, and makes dents and scratches on every panel... even if the car is still totally straight and drivable, they'll probably write it off. It'd cost WELL over the value of the car to have that all fixed!

As far as modifications go, you can contact the insurance company. Say "My $2000 car now has $4000 worth of parts, modifications, and paint done to it". They'll charge you more to insure it as a $6000 car, I'm sure. They'll gladly take your money. The whole point of insurance is to gamble... they're taking your money, expecting you to never need them to do anything.


If you just pay insurance for a 92 Accord, they wont' give a damn what's done to it. It's a 92 Accord. $1500-$2000... and then it's junk.

[Gotz Cb7]

Yea, it doesn't matter what kind of insurance is had. If the damage cost more than the car's value, they'll just give you the value. Or, what you could do....is take the value of the car they give you, find a cheap place to get repairs done, and dish out the extra cash outta your pocket, but the title will become an R-Title.

[wed3k]

i find car modifying a total loss...so i just take the loss.