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      03-01-2021, 01:43 PM   #1
Carguy1994
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Aftermarket insurance?

Anyone know any insurance providers that will insure aftermarket parts. I know it costs more and it's no problem. Just want to know what insurance company do you recommend for this?
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      03-01-2021, 03:42 PM   #2
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I have Farmers and have a $10k rider on a/m parts for the SS and $5k on the M4. Most major companies will write an additional equipment endorsement.
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      03-01-2021, 05:02 PM   #3
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I have State Farm and asked my agent about this when I purchased my M3 with quite a few accessories installed. They just had me send them a list of everything along with pictures. It doesn't seem right, but they are covering it with no additional cost over the standard premium. Did the same thing years ago for my motorcycle and boat. Hopefully it holds up if I ever need to make a claim on it. I've had the same agent for the last 17 years and they have been great.
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      03-01-2021, 05:21 PM   #4
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So farmers and nationwide only insure 10k after markets. I need to insure about 85k in aftermarket parts.
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      03-02-2021, 09:50 AM   #5
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Quote:
Originally Posted by Carguy1994 View Post
So farmers and nationwide only insure 10k after markets. I need to insure about 85k in aftermarket parts.
You probably want to look into getting a stated value policy through some place like Chubb or Haggerty then.
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      03-02-2021, 08:16 PM   #6
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Quote:
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Quote:
Originally Posted by Carguy1994 View Post
So farmers and nationwide only insure 10k after markets. I need to insure about 85k in aftermarket parts.
You probably want to look into getting a stated value policy through some place like Chubb or Haggerty then.
I emailed both those companies, I'll let you know what happens. Thank you for your help.
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      03-03-2021, 01:05 PM   #7
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$390 a month was the cheapest of those two to insure 140k LOL

@eric ss

No choice I guess
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      03-03-2021, 01:46 PM   #8
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Quote:
Originally Posted by Carguy1994 View Post
$390 a month was the cheapest of those two to insure 140k LOL

@eric ss

No choice I guess
Yikes. I guess you gotta pay to play. If you have that much stuff on it, just keep all of your stock stuff and if your car is ever in an accident and totaled replace it all and sell the stuff seperately.

Also, something else to keep in mind. With Farmers Insurance anyway, the aftermarket equipment maximum is for any amounts OVER the OEM replacement cost. So say you have a set of $2,000 wheels on the car. If the OEM wheels would have cost $2,000 to replace, that doesn't eat into your additional coverage when it comes to replacing them. If you are hit on a wheel and it needs to be replaced, and the OEM one is $500 and the aftermarket one is $600, that only counts for $100 of a difference in regards to your maximum.

And, if it is available on your vehicle FROM THE FACTORY, then it doesn't count towards it at all. So if you have an M Performance wing and front splitter and those get damaged, even if your car didn't come from the factory with them on it since your car was available from the factory with those items they don't count towards the customized equipment endorsement if they are damaged and need to be replaced. This won't work for something like a GTS hood because the M4 base/comp wasn't available with that hood but it's good info to know.
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      03-03-2021, 04:08 PM   #9
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Quote:
Originally Posted by Carguy1994 View Post
$390 a month was the cheapest of those two to insure 140k LOL

@eric ss

No choice I guess
I was quoted around $390.00 for 6 months to insure $30K aftermarket parts from Progressive.
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      03-03-2021, 06:56 PM   #10
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Quote:
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Quote:
Originally Posted by Carguy1994 View Post
$390 a month was the cheapest of those two to insure 140k LOL

@eric ss

No choice I guess
I was quoted around $390.00 for 6 months to insure $30K aftermarket parts from Progressive.
Progressive same price I checked now.
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