Full ins coverage on M1009?

[jvrotter]

For anyboby that has collision, comp on their CUCV, I'm wondering what kinda value they would give if the vehicle was totaled or stolen? Not sure what bluebook value is, but if I had to replace my M1009 it would cost me at least $3000. Knowing insurance companies, they would never give me that much. Reason for the question is I wondering if its worth getting comp and collision as it would add another $300 plus to my yearly bill.

 

[AMX]

The general rule of thmb for collision/comprehensive coverage is : If it cost 10% or more (of your vehicles value) anually, then you should pass on it. Just a rule of thumb.

 

[Woodsman]

I believe you can ask your agent to put a special rider (I think that's the term) on the vehicle to insure it for what you want, within reason. I'm in the process of trying to pick up a M1009 and asked an agent for a quote. Told him to value it at $15K as it would be a restored retired MV. Full coverage and Comprehensive for the truck and a crotch rocket was just over $1K annual. Since receiving this quote from him he has said he has some questions, which probably means he has spent some time researching the vehicle more and is probably wondering why an approx. 30 year old truck is worth $15K. Will have to see what he comes back with when I talk to him this week.

 

[mikev]

For anyboby that has collision, comp on their CUCV, I'm wondering what kinda value they would give if the vehicle was totaled or stolen? Not sure what bluebook value is, but if I had to replace my M1009 it would cost me at least $3000. Knowing insurance companies, they would never give me that much. Reason for the question is I wondering if its worth getting comp and collision as it would add another $300 plus to my yearly bill.

I have full coverage through USAA on my M1009. It costs an extra $96 per year with $500 deductable and I paid way more than $3K for mine...

If you didn't drive a lot (like 2K miles or less per year), you could get "stated value" from classic car insurers, but again - that works ONLY if your CUCV is NOT a daily driver.

If a "daily driver", you need to talk to your agent and ask the "what if" question: "If my CUCV got totaled today, what would be the payout?"

 

[cucv1833]

I believe you can ask your agent to put a special rider (I think that's the term) on the vehicle to insure it for what you want, within reason. I'm in the process of trying to pick up a M1009 and asked an agent for a quote. Told him to value it at $15K as it would be a restored retired MV. Full coverage and Comprehensive for the truck and a crotch rocket was just over $1K annual. Since receiving this quote from him he has said he has some questions, which probably means he has spent some time researching the vehicle more and is probably wondering why an approx. 30 year old truck is worth $15K. Will have to see what he comes back with when I talk to him this week.

You should be able to put some kind of cap on it expecially if you keep your receipts. i would like to get my m1009 insured for $5K and pay a monthy bill.
I did that for my 2009 HD street glide its insured for $32K. Now im paying liablity on my M1008 its around $30 a month Good luck

 

[Smokinyoda]

My state farm agent wrote me a policy with stated replacement value at $5000 on my M1009. Only costs me $7.50/month - limited use. No mileage restrictions, just can't be daily driver.

My bobbed deuce has a replacement value of $10,000 and I pay $70/every six months for same limited use policy.

 

[wallew]

Gulfway Insurance insures my three CUCV's and two trailers for $440.

 

[Cucvnut]

I have full coverage on my M1008 thru esurance.