CGT insurance rates from Sneed?

bbs993tt · 02-18-2009, 09:18 PM

Anyone have any experience with Sneed Insurance Agency out of Memphis? Their monthly ad in Panorama shows a $600 premium for 6 months for a 2005 CGT with an agreed upon value of $380,000.

My rates are waaaaaaaay higher than that and the actual quote I got from Sneed was waaaaaaaaay lower than even in their ad. The insurance provider is Safeco.

Sounds too good to be true and you know what they say about that......

Any input? Thanks in advance.

DM1 · 02-18-2009, 11:42 PM

I tried to get a qoute from them but when I gave them all my cars to get a complete qoute they never got back to me. Sounds too good to be true, but keep us informed if you get a good deal. I'm with Hagerty Ins. now and can't find anything cheaper/better.

bbs993tt · 02-19-2009, 12:31 AM

Thanks, DM. I'm currently with Hagerty also. I'll keep you posted.

CAPTLST · 02-22-2009, 06:15 PM

I got a quote for my car and it was half of my current premium. Didn't switch because they wanted my other cars and I didn't want to pull my insurance from my current guy who always is a big help when I need something.

bbs993tt · 02-23-2009, 12:31 AM

Quote:

Originally Posted by CAPTLST

I got a quote for my car and it was half of my current premium. Didn't switch because they wanted my other cars and I didn't want to pull my insurance from my current guy who always is a big help when I need something.

Did you feel they are legit? Would you have switched if it weren't for your other cars?

flpaindoc · 10-20-2009, 04:30 PM

Do not use them. They are very unprofessional, even when you are just getting a quote, can't imagine when you have and actual claim. They were very rude to me. I will stay with Hagerty.

W8MM · 10-20-2009, 05:53 PM

Some insurers quote incorrectly because they are using a VIN decoding program that thinks a Carrera GT is a Boxster. They quote the Boxster price without knowing what's really going on. If one has a claim, I wonder if the carrier is going to pay more for the mis-rated Carrera GT than a totaled Boxster is worth?

Beware!

bella1 · 10-20-2009, 06:25 PM

Also insurance varies by state. In Virginia, for example, all insurers have 60 days after inception to underwrite new business. It is not uncommon to get a quote for one rate and then have that rate increase within that 60 day period. My agency always has the MVR and Auto information complete before we release a new business auto policy. As such, we know our pricing is correct from the beginning.

bbs993tt · 10-20-2009, 06:37 PM

Interesting that this thread came back up. I just got a quote yesterday from them that is TOTALLY different than the first quote I referred to in the original post and is exponentially higher than their Pano ad.

I think Mike is right about the confusion between a Boxster and CGT except that both times they quoted me, they identify the cgt as a "2005 Porsche 911 GT2". Regardless, since their quote is now way higher than my renewal with Hagerty will be, I'll stick with Hagerty.

jtpsocal · 10-21-2009, 02:52 AM

Sounds like they are playing fast and loose with mentioning an agreed upon value if they are playing the VIN/Boxster game......run away

h20skier · 10-22-2009, 06:20 PM

i'm new to cars is there a difference between a boxster and a cgt?

j/k..... Be careful on most Insurance companies and stick with the one you are comfortable with. My insurance agent is well aware of all of my cars and even has his Adjuster set an agreed value to all of my high end cars. I'm not happy with my CGT insurance amount it's higher than any of my Ferrari's from them but such is life. No way will they stay with you at that $600 rate and insure it properly. It can't be done. Would a $35k Acura be $50 bucks every 6 months through them as well?

02-18-2009, 09:18 PM	#1
bbs993tt Addict Rennlist Member Join Date: Jun 2007 Location: Dallas, TX Posts: 560	CGT insurance rates from Sneed? Anyone have any experience with Sneed Insurance Agency out of Memphis? Their monthly ad in Panorama shows a $600 premium for 6 months for a 2005 CGT with an agreed upon value of $380,000. My rates are waaaaaaaay higher than that and the actual quote I got from Sneed was waaaaaaaaay lower than even in their ad. The insurance provider is Safeco. Sounds too good to be true and you know what they say about that...... Any input? Thanks in advance. __________________ Brian 05 CGT - Fayence Yellow 96 993tt - Black/Black, 27k mi, Turbo S chin spoiler, Fabspeed muffler bypass pipes, clears 90 944S2 Cabriolet - gone 87 944 - gone

02-18-2009, 11:42 PM	#2
DM1 Addict Rennlist Member Join Date: Mar 2008 Location: Southwest Posts: 64	I tried to get a qoute from them but when I gave them all my cars to get a complete qoute they never got back to me. Sounds too good to be true, but keep us informed if you get a good deal. I'm with Hagerty Ins. now and can't find anything cheaper/better. __________________ IN GOD WE TRUST

02-19-2009, 12:31 AM	#3
bbs993tt Addict Rennlist Member Join Date: Jun 2007 Location: Dallas, TX Posts: 560	Thanks, DM. I'm currently with Hagerty also. I'll keep you posted. __________________ Brian 05 CGT - Fayence Yellow 96 993tt - Black/Black, 27k mi, Turbo S chin spoiler, Fabspeed muffler bypass pipes, clears 90 944S2 Cabriolet - gone 87 944 - gone

10-20-2009, 04:30 PM	#6
flpaindoc Addict Rennlist Member Join Date: Oct 2006 Location: Windermere, FL Posts: 110	Do not use them. They are very unprofessional, even when you are just getting a quote, can't imagine when you have and actual claim. They were very rude to me. I will stay with Hagerty. __________________ '04 Turbo cab., X50, triple black '88 951 Silver Rose '06 Cayenne S Titanium edition '99 996 MO30, Tubi (sold)

10-20-2009, 05:53 PM	#7
W8MM Addict Rennlist Member Join Date: Nov 2002 Location: Cincinnati, USA Posts: 624	Some insurers quote incorrectly because they are using a VIN decoding program that thinks a Carrera GT is a Boxster. They quote the Boxster price without knowing what's really going on. If one has a claim, I wonder if the carrier is going to pay more for the mis-rated Carrera GT than a totaled Boxster is worth? Beware! __________________ Mike '05 Carrera GT - Signal Yellow '08 Tesla Roadster - Thunder Gray ------------------------------ Previously owned: 914/4, various 928's, 914/6 2.8, 911 2.8 (TwinIgnition, Airport gears, Turbo brakes), 962-113 (used to be 962-102 until John Paul T-boned it at Charlotte, #5, Coca-Cola Red), 964 C4, 993TT, 996 C2 Cab, 911RS/IROC - Light Green (9114600040), '01 996TT - Tip, McLaren BMW 320 race car (ex-David Hobbs)

02-22-2009, 06:15 PM	#4
CAPTLST User Join Date: Feb 2003 Location: Florida Posts: 219	I got a quote for my car and it was half of my current premium. Didn't switch because they wanted my other cars and I didn't want to pull my insurance from my current guy who always is a big help when I need something.

10-20-2009, 06:25 PM	#8
bella1 Addict Rennlist Member Join Date: May 2007 Location: Virginia Beach VA Posts: 464	Also insurance varies by state. In Virginia, for example, all insurers have 60 days after inception to underwrite new business. It is not uncommon to get a quote for one rate and then have that rate increase within that 60 day period. My agency always has the MVR and Auto information complete before we release a new business auto policy. As such, we know our pricing is correct from the beginning. __________________ Alex Bell bella@wbrinsurance.com 2006 Carrera S CAB Olive Green Metallic 2006 Cayenne S Jarama Beige (TOW) 2001 Carrera Seal Grey (Track) www.nationwide.com/alexbell 2004 Cayenne S Silver (Mortally Wounded by a Honda Civic and a Cell Phone!) 2004 Boxster Seal Grey (Sold) 2007 Carrera 4S (Sold) 2006 Cayman S (Sold) 2005 Carrera S (Sold)

10-20-2009, 06:37 PM	#9
bbs993tt Addict Rennlist Member Join Date: Jun 2007 Location: Dallas, TX Posts: 560	Interesting that this thread came back up. I just got a quote yesterday from them that is TOTALLY different than the first quote I referred to in the original post and is exponentially higher than their Pano ad. I think Mike is right about the confusion between a Boxster and CGT except that both times they quoted me, they identify the cgt as a "2005 Porsche 911 GT2". Regardless, since their quote is now way higher than my renewal with Hagerty will be, I'll stick with Hagerty. __________________ Brian 05 CGT - Fayence Yellow 96 993tt - Black/Black, 27k mi, Turbo S chin spoiler, Fabspeed muffler bypass pipes, clears 90 944S2 Cabriolet - gone 87 944 - gone

10-21-2009, 02:52 AM	#10
jtpsocal User Join Date: Oct 2003 Location: Newport Beach,Ca Posts: 66	Sounds like they are playing fast and loose with mentioning an agreed upon value if they are playing the VIN/Boxster game......run away

10-22-2009, 06:20 PM	#11
h20skier Addict Rennlist Member Join Date: Mar 2008 Location: Northwest Posts: 145	i'm new to cars is there a difference between a boxster and a cgt? j/k..... Be careful on most Insurance companies and stick with the one you are comfortable with. My insurance agent is well aware of all of my cars and even has his Adjuster set an agreed value to all of my high end cars. I'm not happy with my CGT insurance amount it's higher than any of my Ferrari's from them but such is life. No way will they stay with you at that $600 rate and insure it properly. It can't be done. Would a $35k Acura be $50 bucks every 6 months through them as well? __________________ "Treat your woman as well as you treat your cars and you'll never sleep alone" A few of these and a few of those with a couple of them