[Turk]

Here is another point of view...
Are we really paying too much for Cobra Insurance?

There are some of you in here due to unfortunate turn of events, or just plain bad luck have accumulated some points and are considered poor risk or bad risk or high risk.. Let's leave those folks out for a moment.

Let's talk about the majority of Cobra owners who are responsible ( and lucky too) and have in their possesion a Cobra that is built as well as the family sedan.

Assuming your insurance company wants an arm and a leg to insure your prize possesion, the math will show that

1-Most of us have far more invested in our cars than the family car and we want coverage for $50,000 $100,000
2-Indeed tYey are cars more likely to be the target of thieves
3-yes they can inflict more damage to the occupants by the virtue of their power to weight ratios etc.

Now, let's compare that to what we pay for a comparable price aircraft.

I don't own an aircraft currently, ( I am sure there are many who do) and have some aircraft of equal value....What do they pay?
Considering most aircraft is flown around 100-200 hours a year and most are slower than our cars, and very seldom they get stolen and hardly crash into one another, and never get rear ended by an 18 wheeler,these folks pay more ,for less risk than we do.

I insure my boat and it costs me over $2400.00 a year.

Do you guys think we still pay too much for insurance?

If this is a premptive organization attempt to make sure that we will always have insurance available to us, that is one thing.

If this is an attempt to form an association to send dues to, which in turn will get us cheap insurance, it is another thing.

If it turns out to be an attempt to get insurance for those who are having a hard time securing insurance for their cars in spite of the fact that they have impeccable driving histories and yet the insurance companies won't cover them...that is a whole different ball game.

That may come to hound each and everyone of us one day.That predicament will have a wider appeal than just looking for cheap insurance.

What other marquee has been blackballed by the insurance companies, that makes everyone so nervous that they are after us. We will be the first casualty? Then the Miatas, and Z3s, and anything else that is slightly risky will be in their cross hairs.

I personally don't think so.

I think we are spoiled. We want to insure our cars for what we have in them, (not what they are worth) and are up in arms that no one will write such policy for $300.00 every 6 months.

If you have a clean record and have a Cobra valued at $50,000 and willing to keep it housed in a safe enviroment, and willing to pay $1000.00 to $1500.00 a year and still can't insurance, give me a call. I think I may be able to help you.

What? $1500.00 is too much? Why?

I think the aircraft owners are paying that. I know I am for my boat.

I don't believe we are going to beat the insurance companies into submission to do as we please, because we are 400 strong.

What do the owners of Original CSX cars pay to insure their $300,000 and up cars. How come we never hear from them?

We have expensive toys and we have to have insurance, and we must pay the piper. (no pun intended)

TURK