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Old 11-14-2004, 01:18 AM   #1
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insurance

ok, I was wondering something. I want to make my car a v-8. I'd be looking for a salvaged Mach 1 (I wish) or a GT (more likely) to basically make my car that car... but with the VIN of a v-6. Does anyone know if this is insurance fraud? Would my rates go up to the v-8's? If I don't tell them, how F*cked am I when they find out? I asked my insurance company to figure up a quote for me for a Mach 1 about 3 weeks ago, and haven't heard a word back yet.... so could someone here tell me about what my rates would do if I went from a 2001 Mustang v-6 automatic to a 1999 Mustang GT auto? thank you all so much for your help
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Old 11-14-2004, 01:29 AM   #2
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When you turn 25 the rates drop by half. Ask them if they would care about an engine swap in a old junker car say for instance.
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Old 11-14-2004, 01:50 AM   #3
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Damn, that happens when your 25?Spotless record and I never saw that one!
Some of the discount can depend on your resident state I think?Am not sure how much(if any) of a difference would be for swapping an engine.You might could play the dumb route and deny knowledge of the swap engine being a V8(only if you got caught at it later).How the hell were you supposed to know what uncle Joe-Bob was droppin under the hood when you weren't lookin?All you knew is that it was broke and when Joe-Bob got it back to ya it was fixed...and DAMN CAN IT MOVE!!It's one hell of a V-6(no,I'm serious?!)You mean that was a V-8?!!(Start crying at this part)
Catch ma drift??
Was just a thought but don't get me testifyin in here!!hehehehe
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Old 11-14-2004, 02:07 AM   #4
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How the hell were you supposed to know what uncle Joe-Bob was droppin under the hood when you weren't lookin?All you knew is that it was broke and when Joe-Bob got it back to ya it was fixed...and DAMN CAN IT MOVE!!It's one hell of a V-6(no,I'm serious?!)You mean that was a V-8?!!(Start crying at this part)
Remember that when they get you for insurance fraud. The part about crying.
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Old 11-14-2004, 02:16 AM   #5
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yeah when you get in a little fender bender and you take it to a shop to get it fixed, then they give the agency a quote for a GT, then the agency sais thats not possible its registered as a v6, then shop says no it has 8 spark plugs and 8 cylinders, so the agency then gets you for fraud.

if you turn your 6er into a GT you have to get insurance for a GT, thats just how it goes.
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Old 11-14-2004, 02:44 AM   #6
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Arrow

Quote:
Originally Posted by jimmy_beaner
ok, I was wondering something. I want to make my car a v-8. I'd be looking for a salvaged Mach 1 (I wish) or a GT (more likely) to basically make my car that car... but with the VIN of a v-6. Does anyone know if this is insurance fraud? NO(as long as you have V-8 coverage)

Would my rates go up to the v-8's?YES

If I don't tell them, how F*cked am I when they find out?PRETTY

I asked my insurance company to figure up a quote for me for a Mach 1 about 3 weeks ago, and haven't heard a word back yet....
JIMMY....CALL EM BACK,MAN!!
so could someone here tell me about what my rates would do if I went from a 2001 Mustang v-6 automatic to a 1999 Mustang GT auto?
Depending on your age and record it could raise it into the ballpark figure of about $20-$50/mo extra.Might be more but that's just a rough estimate(unofficial of course)
thank you all so much for your help
Don't thank me too much,I was playing the dumb guy but none the less...your welcome
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Old 11-14-2004, 03:43 AM   #7
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you can make any modifications you want, but the car wil only be covered for a V6 not a V8, as long as you tell you insurance agency that you are making the change and they make a notation on the account they CANNOT get you for fraud, but they also will NOT cover any of the new modifications if you are in an accident. I work for statefarm by the way, and that is the policy here for my particular state.
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Old 11-14-2004, 03:47 AM   #8
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I heard this one guy had this V6 Fox Body mustang, he modified everything and put a 5.0 in there taking out the V6 engine. He never told the insurance people about it, so he paid the cheap rates. One day a car hits him head on and he takes it to the mechanic. The insurance company calls the mechanic to get the information and damage. They say, "I'm here to call about the 19(whatever) V6 Mustang." The mechanic says "Well, I have a 5.0 here, but no V6." They get the license plate number, talk to the driver, and because he didn't tell them about it... nothing was insured and he had to fix everything out of his own pocket. Moral of the story?


















don't get in an accident :p
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Old 11-14-2004, 06:45 AM   #9
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I've been buying insurance for years. I have never been asked what engine I have, even on my old cars that do not identify the engine in the VIN number.

My 65 Cuda, they don't know what it has under the hood and they never asked. It coulda come with a 6 or 8, it's got an 8, the original one no less.

My 87 Diplomat had a 318, it's now got a 360, which is essentially a bored and stroked 318. Never had an issue with it and yes my agent knows cause we talk cars all the time.

My Stang is pretty stock as is my Montana. So they don;t really fall into this category.

I think you ought to ask the insurance agent and not us here cause none of us really knows the particulars of this swap in your state or with your insurance company. What maybe legal here in TX may not be where you are.

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Old 11-14-2004, 09:36 AM   #10
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here they check VIN and the engine size, will drop you if you dont tell them,. best thing to do would tell them, and then they will keep your insurance, but not cover the motor,...
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Old 11-14-2004, 11:49 AM   #11
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Most insurance places have a section to list modifications. When I signed up with geico that asked what mods I had done. That way they can cover it and adjust your rates.
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Old 11-14-2004, 12:03 PM   #12
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why the hell do I care if they cover the motor?... they won't pay me if it stops working anyway. The only way I'd get paid for my motor now is if I ran over something.. I'd literally have to run over a Geo Metro for it to smoke my engine... in which case I'm assuming my car would be totalled anyway.
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Old 11-14-2004, 01:31 PM   #13
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Quote:
Originally Posted by jimmy_beaner
why the hell do I care if they cover the motor?... they won't pay me if it stops working anyway. The only way I'd get paid for my motor now is if I ran over something.. I'd literally have to run over a Geo Metro for it to smoke my engine... in which case I'm assuming my car would be totalled anyway.
no the problem is if you hit some one, they will not cover you and then if you get sued you will get really screwed. a lawyer will prolly take your house and all your stuff. a insurance company will fight it and cover you. if your alone your f*cked.
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Old 11-14-2004, 02:32 PM   #14
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Yep if you lie about the vehicle coverage they have the right to deny you coverage. Or even if they don't have the right they will try and then you legal bills will probably be more then out of pocket expenses for the wreck.

Lieing to insurance companies isn't wise. Its kind of like tax fraud, you may get away with it but if you don't your butt is theirs for the taking.
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Old 11-14-2004, 06:47 PM   #15
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I know that, what I meant was why do I care if they don't cover my engine. I plan on talking to them anyway.... I will be going to a v-8. I'm hoping that the 1999 GT will have similar insurance if my 2001 won't be able to have the v-8
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Old 11-14-2004, 07:37 PM   #16
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nope the insurance will be a good bit higher, but it should not be too bad, i think its about 500 a year diff in my plan. and thats with no wrecks and tickets.
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Old 11-14-2004, 08:43 PM   #17
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$500 a year for me to get a 2001 GT? or for the 1999? or to swap engines? what are we talkin' about here?
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