
01-10-2012, 11:41 AM
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CC Member
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Join Date: Apr 2009
Location: Little Rock area,
AR
Cobra Make, Engine: ERA Street Roadster #782 with 459 cu in FE KC engine, toploader, 3.31
Posts: 4,533
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Not Ranked
Insurance suggestions
I have my other hobby cars (66 427 Corvette and 67 Ply GTX) insured with American Collectors Insurance for the rather paltry annual rate of about $360. My ERA is now painted and within 8 or 9 months of being driveable (maybe) and I thought I was overdue to at least get some comprehensive coverage on all the parts and stuff sitting in my garage. I called ACI up and asked them about adding the ERA to my policy and I about gagged when the lady said OK - $734/annual for $50k coverage.
After recovering a moment I asked why would this replica be so high when I insure a nice 66 Corvette with them for a little higher value, for 1/3 of that amount. She said because it's a replica parts are rarer and hard to find!!!!! Than an original Corvette?? Uh-huh. Biting my tongue I said thank you, I think I will check around.
So - any good suggestions? I like ACI and I think they are really reasonable on my other cars but I think $734 is a little ridiculous. My daily drivers have been with GEICO for over 40 years and no one has even been able to approach their rates for me - but they just don't do classic cars justice. I may try Grundy. Any others?
Thanks - I know there have been a lot of insurance threads over the years but I though some of you might like to hear her explanation for the high quote.
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