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    Insurance

    I am looking into insurance for e30
    I daily mine and I am concerned in the unlikely event I get an accident or it’s stolen that I will not receive value of the market value of the car?
    how is everyone insuring their cars.
    anyone have first hand experience filing a claim?

    #2
    You'll have to get a stated value policy
    Simon
    Current Car:
    -2003 Mini Cooper R50 (daily)
    -2002 MR2 Spyder (project)
    Previous Car Count : 24 ... and climbing...

    Make R3V Great Again -2020

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      #3
      drive aggressively and defensively and carefully. keep your space. know your escape plan. never assume the intersection is clear. I have put 36k+ into this bitch over the last 20 years. every drive is exciting. sent from hell using tapatalk
      ~~~~~~~~~~~~~~~~~
      '90 325i sedan daily driven
      '85 325e coupe also a daily

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        #4
        As 2mAn said, get a stated value. Mines insured for $9k in case anything happens.

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          #5
          Do the stated value policies have mileage limitations?

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            #6
            Mine is on liability insurance under my dad’d insurance and I daily it. I drive mine like a grandpa due to the insurance policy, living in a densely populated area, and because it’s 30-35 year old car with outdated safety tech - if you get into an accident with any modern car there’s a greater chance you will be smushed in like a sardine. You have to assume other drivers will be stupid and aggressive (that’s how they are here in densely trafficked NJ) and plan accordingly. If you want to rip on it go to a sparsely trafficked section of road with little to no cops or drivers (for me there are plenty of those 100-150 miles into central PA) so you minimize chances of causing a collision

            If you’re worried about the car’s value get classic car insurance through Hagerty. I believe that you and them come to an agreement on the car’s value and I don’t think their policy has any mileage limitation. They only offer comprehensive and collision though

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              #7
              After a long hiatus I’m back in an e30 and seeing how their value has risen even since my last car, thought I’d chime in on the insurance discussion as I’ve just gone through it myself.

              There is a big difference between what other posters have mentioned (stated value) and a true agreed value policy. Do a quick google search and it’ll tell you what you need to know. Basically though, you want agreed value.

              A number of mid-sized specialty insurers/underwriters offer agreed value policies. However, most require you have a more modern and conventionally insured daily, have mileage /usage guidelines, and don’t underwrite policies for street-parked vehicles.

              All said, do some digging around for agreed value insurers and make phone calls. Don’t be upset or discouraged when many tell you no. And lastly.. don’t skimp on the liability side of the policy.. especially for uninsured/underinsured motorist coverage. Paying a couple more bucks a month for higher limits and additional medical coverage is literally cheap insurance versus the alternative.

              As sad as it is to see a good classic car wrecked beyond repair, in an accident the least of your worries should be the value of your e30. Emergency service and medical bills pile up FAST, let alone property damage and/or resultant lawsuits.

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                #8
                evandael, this is exactly what i am finding when searching for insurance.
                I have an extra car, I do not have room in my garage for e30, and my mileage will be much higher then 2500 mile per year restrictions.

                Based on my initial findings "Agreed Value insurance" will pay out the predetermined valuation in the event the car is totaled, "Stated value insurance" allows the insurance company to pay out whatever they deem is fair, which could be far less then the stated value referenced.

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