Insurance

a1airboat · #1 (**permalink**) 07-09-2003, 01:03 PM

Being a brand new Cobra owner i need some information about insurance. I called a couple companies and got "We dont insure kit cars " Who has the best deals on insurance ? It's titled 1993 and has a 351W in it.Thanks Darrel

MAXVELO · #2 (**permalink**) 07-09-2003, 01:26 PM

SMITH $ WESSON HAS THE BEST PLAN!!!!!!!!!!!!!

SSS · #3 (**permalink**) 07-09-2003, 03:02 PM

The "best deal" is to insure a Cobra as an antique and/or use classic car insurance. The biggest catch with these is you're only supposed to drive the car to shows. No driving to work or the store or any other "regular use". I'm sure lots of folks have classic car insurance on their Cobra replica and don't follow the rules figuring they'll never have a claim or if they do the insurance company won't be able to prove they were doing any "regular use".

I faced this issue and decided to insure with State Farm. They cost three times as much (for me) and only offer liability, but there are no "regular use" limitations. I don't know about your car, but if the MCO doesn't list the year replicated you might have troubles with insurance/titling/inspecting.

rsimoes · #4 (**permalink**) 07-09-2003, 03:06 PM

1) Condon and Shelly
800-257-9496
Maple Shade, NJ
Kit Cars no problem
Full Tort
$35K value
$500 deductible
$300,000 liability
$498.50 / year
Pleasure driving, shows, parades, not daily to work
2500 miles per year

2) Midwest Classic - Robbin
888-271-4000
35K value
$300/year
100/300K
Full coverage
No deductible

3) JC Taylor
800-345-8290
$820 / year

Tip:
Refer to it as a replicar, Professionally built. Never use the term "kit car"

Bumpster · #5 (**permalink**) 07-09-2003, 10:40 PM

I'm in Florida also and my State Farm rep has quoted me $365.00 per year for liability and comprehensive per year. My car will be on the road in a few weeks, and I called her to be sure that I would have coverage. She has done "kit cars" before and had no problem with it. It may help that I have all of my insurance with State Farm, and my car is being professionally built. I think the key was an agent that was familiar with "kit cars" and knew how to handle the situation.

Bumpster

ERA 626 · #6 (**permalink**) 07-09-2003, 10:51 PM

american collectors ins.
$70k agreed value
2500 mile a year
$398 a year