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Originally Posted by nevermind65
I think this is all a bunch of hoopla. Yes, I agree that you cannot lose money on insuring cars, but the amount of accidents posted earlier in this thread (6 if I recall) seems like a pretty small amount.
If you go on Ebay, you will see around 40-60 Cobras for sale. In my opinion, that is a lot. For a car that is basically a luxury/recreational vehicle, there are a lot of them being sold and obviously, driven. Then visit the FFCobra forum and see how many new ones are being assembled. Their status as being unique and rare is disappearing fast.
Maybe it is time to drop the special mileage limitations and start insuring them as more of a normal car? Your insurance might go up, but at least you will still be able to insure the vehicle.
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nevermind65 you missed my point. Sure there are 40-50 Cobras on sale at EBAY but how many other cars are on sale total. When we have had 10 claims in excess of $10,000 and 7 of these are Cobras, that is way too high. If numbers are correct then we should figure 70% of all claims above $10,000 will be the result of Cobras, it is pretty easy for an Insurance Company to limit their losses, like Hagerty has, by deciding not to insure these vehicles.