Progressive Insurance sucks!!!!

Motorhead350

Motorhead350

New member
I had a meeting with the insurance company and all they wanna gimme is $3,000 for my truck dispite that I put in a $4,700 engine in it two years ago and lost probably over $1,500 worth of CDs. It gets better. If I take the cash they own the truck no matter what, I cannot buy it back even if it's recovered. I was going through the paper work and I had to sign a waver saying it was okay to drain all fluids and remove all filters when they find it and people only do that before they crush a car. :mad2:

What a bunch of jerks. I even had a picture confirming that it's in great shape and not another rust bucket in someones backyard. So it's stolen and I get nothing in return unless I wanna say bye bye to it forever.

Is there any insurance that offers a buy back if the vehicle is recovered?
 
How long will they give you to settle the claim, Dom? And do they expect you to pay premiums until it's settled? For $3,000 it might be in your best interests to sand bag, for a reasonable time, taking the chance it might be recovered.
 
I had Progressive for 8 years and then they had their "rate hike" in Florida- it went from $160/month for the Marauder to $240 and I have not had a violation on over 5 years. I have Geico now, the same coverages (100/300/100, 250 deds on comp. and coll. and rental car coverage) now on TWO cars and it's $144/month. Progressive can piss up a flagpole.
 
Once again, another reason for anyone that owns a "collector" vehicle, or one they've put lots of money into, to have it appraised.

Your insurance company is doing their job. They're offering you what the vehicle is worth in the general market. They don't suck. It's not their fault you failed to have the vehicle properly inspected and valued.
 
Thunderbolt said:
Once again, another reason for anyone that owns a "collector" vehicle, or one they've put lots of money into, to have it appraised.

Your insurance company is doing their job. They're offering you what the vehicle is worth in the general market. They don't suck. It's not their fault you failed to have the vehicle properly inspected and valued.
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Most auto insurance policies insure the vehicle for Actual Cash Value which means what it is worth. Not the selling price, not new less depreciation or replacement with a similar vehicle but all considerations. They are offering you ACV based on what they have determined it is worth based on the information they have.

Research what a similar vehicle in similar condition is selling for plus/minus adjustments to equate your actual vehicle. Demonstrate what $3,000 will actually purchase in your area compared to what you had.

I beleive you actually posted a similar vehicle for sale.

With documentation you can still have it appraised. It's done on a regular basis.
 
sailsmen said:
Most auto insurance policies insure the vehicle for Actual Cash Value which means what it is worth. Not the selling price, not new less depreciation or replacement with a similar vehicle but all considerations. They are offering you ACV based on what they have determined it is worth based on the information they have.

Research what a similar vehicle in similar condition is selling for plus/minus adjustments to equate your actual vehicle. Demonstrate what $3,000 will actually purchase in your area compared to what you had.

I beleive you actually posted a similar vehicle for sale.

With documentation you can still have it appraised. It's done on a regular basis.
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My Basic insurance (Nationwide) covers current market value.

Adding an Engine, Stereo.... whatever... IS NOT COVERED.....

UNLESS, you add it to your policy.

;)

KillJoy
 
I'm sure your coverage was for 80% of Blue Book value, as is most insurance. The KBB numbers are based on condition and mileage of the vehicle. I'm guessing, regardless of condition, the value was around $3300. When you wrote the first check for your coverage, you accepted these terms. I've been through the same before. Read the policy carefully next time. I'm also guessing if it does ever get recovered, it probably will be time for the crusher.
 
when i had my tahoe, i got the extra $2,500 insurance for the stereo, you can lock it, but glass breaks easy and wire cutters work well. it only cost me $15 extra a month, that was allstate.

But the C suckers at all state "dont insure sport bikes" so i took my business to country insurance, the MM full coverage, the blazer liability, the rocket full coverage, only $131 a month (married discount, multi-vehicle discount, and a clean record now)
 
KillJoy said:
My Basic insurance (Nationwide) covers current market value.

Adding an Engine, Stereo.... whatever... IS NOT COVERED.....

UNLESS, you add it to your policy.

;)

KillJoy
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Current Market Value of what, a Marauder, Grand Marquis, a stock Marauder, average selling price of all Maraduers in the USA or a similarly equipped Marauder in similar condition in your area? How can your engine not be covered?

ACV is and has been the norm for most insurance policies including homeowners. Many buy Replacement Cost coverage for their Homeowners.

Stated Value is the MOST an Insurance Company will pay.

Agreed Value is just that both you and the insurer Agree on the value before the insurance is put in effect.
 
BAD MERC said:
I had Progressive for 8 years and then they had their "rate hike" in Florida- it went from $160/month for the Marauder to $240 .....
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Wow! :eek:

I pay $45/month for full coverage and a $250 deductable.

I am sure my location has a lot to do with that but dayummmm!
 
Steve is right I should have had it checked out, but I did back everything with proof of purchase. Radio, engine, tranny everything, but it was no good.

Now the insurance company doesn't need to know that I'm 22 with a 500+hp car because my rates with sky rocket! :eek:

:mad2:
 
yeah i think since you wernt paying the extra insurance on the motor and stereo they dont thing they should cover it.
 
I spend about $240/mo, but that is for three drivers (me my wife and, 21 yr old son) the Marauder, 1995 Towncar, 1996 E-350, 1996 Bronco, 1994 Bronco, 1979 F-600, 1973 F-250 and a 1976 F-150 4x4. (all with big blocks)
all with 100/300/100 coverage, uninsured 100/300 and underinsured 100/300. the MM, TC, and the 96 Bronco also have replacement coverage.
Farmers with various discounts


and I have the right to buy back the remains if I want... I checked.
 
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