Cobra Driving Takes Skill

[JCoop]

My collector car insurance is up for renewal. My premium has increased a considerable amount. I used to have 7 but now have 3 cars in the policy and the culprit was the Cobra. It's up to $800 for that car alone and when I called, they (American Hobbyist) explained that the only reason it's actually on my policy is as a courtesy because of the other cars I have insured with them. Agreed value is $60K. I also would have to sign a new rider that no one else could drive the car. I called 3 other collector/classic car insurers, including Hagerty, and the Cobra was also the stumbling block. Hagerty and 1 other would not insure it. Further inquiry revealed that they have had it with the same claims...policy holders lending it to a friend, son, nephew, who then totalled the car. One company's rep told me they had an insured Cobra owner who took it to a track, hit a wall and then towed the car 5 miles from the track, took pictures, and filed a claim
These guys make it hard for the rest of us to enjoy the hobby, that's for sure.