Insurance options

Sandy1950

Member
I’m looking for information about insurance cost for a Cobra replica. I am assuming that insurance premiums will be painful. Can you veterans give an idea of what I might be looking at, and any suggestions for insurance companies. Thanks much, Glenn
 

ShadowDo

Franck
Member
I can tell you my experience so far:
I'm with State Farm for the Cobra, it's titled as a 65, no question asked, insured on an agreed value, I pay somewhere around $30 per month as an Antique vehicle... great deal.
I did the same for the Daytona, but I ended up with a picky underwriter that requested proof that the car that built more than 10 years ago, which it isn't... so I pay a lot more for this car.
I recently reached out to a collectible car broker, and was quoted $28 a month (2500 miles a year).... but I eventually got denied because I had 2 speeding tickets in the last 3 years (both of them are for speeding 1 to 9 mph above the speed limit... on a 2x3 lanes road... no comments)

So it depends on your situation/need but those are 2 options.
 
I can tell you my experience so far:
I'm with State Farm for the Cobra, it's titled as a 65, no question asked, insured on an agreed value, I pay somewhere around $30 per month as an Antique vehicle... great deal.
I did the same for the Daytona, but I ended up with a picky underwriter that requested proof that the car that built more than 10 years ago, which it isn't... so I pay a lot more for this car.
I recently reached out to a collectible car broker, and was quoted $28 a month (2500 miles a year).... but I eventually got denied because I had 2 speeding tickets in the last 3 years (both of them are for speeding 1 to 9 mph above the speed limit... on a 2x3 lanes road... no comments)

So it depends on your situation/need but those are 2 options.
Sounds like you got your speeding tickets in Maryland. Typically in Maryland if you, say we’re going 20 over the speed limit, the officer will give you 1-9 mph over as it’s only $80 and one point.
 

ShadowDo

Franck
Member
Yes they gave me a break, I was probably doing 5xmph instead of 40.

But the point is if you want those classic car insurance for what they call high performance vehicle, you need a flawless driving record.
They don’t want to take a chance on a reckless driver doing 55 on a 40mph on a 6 lanes non-residential road.
 

Scott Harrison

"Growing old is mandatory, growing up is optional"
Staff member
Contributing Member
Member
State Farm, Antique/limited use, 12,000 miles, $100k stated value: $340/year
 

ShadowDo

Franck
Member
Scott, at StateFarm, it seems this work if you can prove your chassis/build is more than 10 years old.
I have that for my Cobra but ended up having an issue with the more recent Daytona even though it's titled as a 65, State Farm's underwriter asked for more information about the car.
they seem to be more picky about this.
 

Scott Harrison

"Growing old is mandatory, growing up is optional"
Staff member
Contributing Member
Member
Scott, at StateFarm, it seems this work if you can prove your chassis/build is more than 10 years old. I have that for my Cobra but ended up having an issue with the more recent Daytona even though it's titled as a 65, State Farm's underwriter asked for more information about the car. they seem to be more picky about this.
So they didn't believe the Title ? My title actually reads "1965 Shelby Roadster". I can't recall what they asked for-title, MSO, registration or what. They did want photos for the underwriters.
 

ShadowDo

Franck
Member
Yes, I sent the pictures too and I kept on telling them that the title should be enough to prove the year of manufacture and that I don't have any other paperwork.

Or Statefarm changed their policy or I ended up with a picky underwriter, but my agent told me that if I can prove that the chassis is 10 years or older I could qualify for the low rate.
Worth a try.... but now I'm stuck with an outrageous car insurance premium until I find another one.
 
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