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Well, I'm in the process of insuring a Cobra replica now. In Texas, the only major insurer I know of that covers Cobras is State Farm. They only offer liability coverage, and it's not cheap for what you get. In my case, they also insisted I insure my other cars with them, and their rates are double what I'm paying now for the same coverage.
The cheap alternative is classic car insurance. I contacted classiccarinsurance.com. They offer comprehensive coverage at very low cost. But, they have mileage limits and require you to only drive the car to shows. They also require you to have a regular use vehicle for each adult in the household in addition to the Cobra.
If anyone else knows more, I'd be interested to hear it.
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