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Classic Car Insurance

Discussion in 'Fox Body Mustangs' started by Gearbox94, Mar 20, 2018.

  1. Gearbox94

    Gearbox94 Member Established Member

    Messages:
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    Joined:
    Jun 29, 2016
    Location:
    Las Vegas
    Hey guy, so i just did a bunch of work to my foxbody (2003 cobra drive train swap) and I've been looking around for a collector car insurance policy for it with an agreed upon value for everything I've put into it. I'm just curious if anyone on here has their fox insured with a collector car company and if so who and how have your experiences been with them? I keep hearing stories from guys saying the companies they go through has severe limits on what you can do with the car etc.. I'm just looking for something to cover the time and money I've put in the car while still being able to actually enjoy it. Thanks for looking!
     
  2. OETKB

    OETKB is seldom seen Established Member

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    Aug 2, 2017
    Location:
    The Containment Area
    I had a Foxbody insured with Hagerty. Can't remember how much I paid, sold it two years ago and now have a Terminator insured with Hagerty. The Fox insurance was MUCH less, but it was valued at $10K and the Cobra stated value is $25K.

    I've discovered from on-line discussions here that I am paying WAY more than most others for classic car insurance, but with fewer restrictions. Hagerty has loosened up on that the past couple of years. I'm not happy about how high my premium is, and will remedy that soon.

    I'm going to change to my regular insurer at a stated value for a good deal less this summer, right along with my other cars. It's with Farm Bureau, but only because a very close friend is the agent, and the prices were competitive.
     
    Last edited: Mar 20, 2018
  3. DSG2003Mach1

    DSG2003Mach1 Well-Known Member Premium Member Established Member

    Messages:
    7,708
    Joined:
    Apr 15, 2004
    Location:
    Central Fl
    im not thrilled about my rate with Hagerty but they have the most liberal use policy I found at the time. Most others flat out said I could NEVER drive my car to work. I work every other saturday for a few hours and like to drive the car. Im going to shop around again though
     
  4. BlksvtCobra01

    BlksvtCobra01 Well-Known Member Established Member

    Messages:
    9,979
    Joined:
    Apr 10, 2008
    Location:
    Kettering, Ohio
    Need to look into this for my Terminator. My fox has an agreed value thru State Farm for 12k. I pay $120 a year can drive up to 2,500 miles anywhere. Which I don’t put that much a year on it. I can add more value down the road.


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  5. Mustang5L5

    Mustang5L5 New Member Established Member

    Messages:
    27
    Joined:
    Jan 8, 2006
    Location:
    Boston, MA
    I insure my fox through Haggerty for $15K for $325/year. A little pricey but MA is expensive insurance-wise so its MUCH cheaper than if I insured it normally (almost $2k).
     
  6. stkjock

    stkjock Corn Powered 900 HP! Established Member

    Messages:
    5,084
    Joined:
    Jan 25, 2010
    Location:
    NY
    check our Grundy - I use them on the Shelby and pay less than $400 a year with high coverage limits.
     
  7. KevinsVertTerminator

    KevinsVertTerminator New Member Established Member

    Messages:
    19
    Joined:
    May 28, 2018
    Location:
    Arizona
    I use grundy for my 03 cobra. Unlimited miles, must have daily driver $400 a year, I think.

    Sent from my SM-N950U using the svtperformance.com mobile app
     
  8. kezell

    kezell MW3-kezell17 Established Member

    Messages:
    3,769
    Joined:
    Mar 5, 2004
    Location:
    St.Amant, LA
    I have Hagerty on my 01 Cobra and 93 Cobra. You can go on their website and get the value of your car.
     
  9. cobra231

    cobra231 Mid-Atlantic Cobra Assoc. Established Member

    Messages:
    74
    Joined:
    May 14, 2006
    Location:
    Fredericksburg,Va
    I went with Grundy, I have 20k guaranteed pay out for 342 a year. I tried Hagerty, but they were more expensive and wouldn't cover me because I said I may go to the track at some point in my life.
     

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