I've looked at american hobbiest but I want to be able to drive the car to work or the store if it is a nice day I don't want to be tied to restrictions that only allow you to drive to shows and events
I'm interested as well. I'll be making some phone calls over the next couple of weeks...starting with my current insurance carrier (Nationwide). Also have a lead on a State Farm agent that another Roadster owner uses.
We may have an easier time now that the vehicles will be titled/registered as a 1965 model.
I have made a few phone calls but have not yet come up with anything. Several of the classic car insurance companies do not have offices in NC so can only offer comp. & collision. General liability would have to be purchased from an "in state" company. American Hobbyist, for comp. & collision, quoted $429/year ($500 deductible) to use the car for "hobby functions"...unllimited mileage.
One hurdle I have come up against is that the companies are looking at if all the licensed drivers in the household have a vehicle to drive. In my case, we have 4 drivers and 3 cars. My twin 17 year olds share a car (I know I am mean). American Hobbyist would make an exception since they are full-time students.
Well its a little more work but what I'm having to do is Have AAA write the liability policy and then I will have american hobbyist write the com and colision this will end up costing around $500 a year but so far its the only way I've found to do it.
For all you guys that have said that nationwide wrote your policy you may want t odouble check on it I spoke with one of there underwriters last week and there is now way that they will write a policy on a kit car. If your agent wrote the policy he did not let the underwriter know it was a kit car and more than likely if you have an accident you will not be covered. or at least thats what I was told
I used Liberty Mutual when I lived in North Carolina a couple years ago and had no problems at all. Just called up one day and had them add it to the policy. At the time, I knew I was relocating to Texas, so I made sure to use an underwriter that could write in both states. Thay way, I knew they would just "transfer" the policy, no questions.
Hey guys, this is a little different topic but I was at Whitbys and one of the guys in the shop told Me that the Cars are still being titled as customs and not as the year they Represent (65). I am about 3 moths from the Registraton phase and My state farm agent told Me that should be no problem and would be covered under a classic vehicle style policy unlimited millage. Keep us all posted!!!!!
Mike in NC
mk3, Black pepper Gray w/black stripes Running under preasure.
Picked up kit 11/5/06..
First Start 6/26/07..
Six months in China for work..
Bonded on July 23rd..
Taged and Insured July 28th..
Graduated 8/4/08, lets build another one!!
HLT3 - Congratulations! Odd as the inspector I spoke with said there would be no safety inspection? They would only be interested in seeing receipts primarily for chassis, engine and tranny. What type of things did they inspect? I am a few weeks behind you.
Looks like I may be switching insurance over to State Farm. Coverage on the Cobra would be about $600/year with no mileage limitation but no trips to work either.
I just switched to State Farm (actually it is effective tomorrow at 12:01 AM). They will insure the vehicle as long as they have your other vehicles. I had Nationwide and while they can't deny liability coverage, they would not do comp and collision on the Cobra. American Hobbyist would offer comp and collision coverage at reasonable rates but I got a better deal thru State Farm.
Here are my current insurance results in NC. My agent, Travellers, gave me a quote for liability only of $260 per six months, about 2x what I was hoping for. American Hobbyist quoted around $250/year for comp and collision with their restrictions and a $1K deductible. I was basically blown off by most other agents in town I spoke to... Any other ideas out there?
ps - this has gone beyond the hypothetical stage, there's a Challenge Cobra in the garage waiting to get street-legal.
Farm Bureau; Liability only $486 per year; not sure if this was 30k per person / 60k per car (minimum in NC) or 50k/100k. My agent did give me a quote on liability, comp and collision but it was >$3k a year, no thanks.
AAA; Liability only $769 per year at 50k/100k; the agent said it is insured by a third party (Hagerty's). This was their estimate based on some input but I am going to go through full application just to see where it goes. The lady had some questions about the car being stock, modified, special interest, exotic, etc and when she asked me the estimated value she said they normally don't look at anything below $65k so she put in $50k for estimated value just to try and get their interest.
American Hobbyist; estimates online based on car value, for me it came to about 400 a year for comp and collision; they did have some restrictions when I asked for the application form due to recent wildfires in the state of North Carolina but fortunately my county was on the allowed list. As I looked at their site, I did not see a limit like only covered while driving to events (I read that somewhere on the forums); it did have requirements like car kept in locked garage, not a primary vehicle (ie. more vehicles than # of household drivers), +10 years driving experience.
So my big question is what are the details behind folks getting liability, comp and collision for 500 a year? Seriously are you listing the value as the kit cost minus powertrain etc. Are you haggling with your insurance folks, what am I missing?
On a pointer from another thread here, I contacted Robbin at Midwest Classics. 1-888-271-4000. Wow! He is able to write liability/comp/collision in NC for less than half of the previous quotes I had obtained. Paperwork is on the way to apply for the policy tomorrow. He can also initiate coverage now, even though the car is still in the titling process and does not have a VIN# yet. There's a mileage limit, and it can't be a primary driver, but generally less restrictive than other collector policies.
He really seems to go out of his way to support Cobra folks. Give him a call!
I went with Midwest Classics also. 3K annual limit. Agreed value for coverage. Can't drive it to work. It's a much better price (by about half) then doing American Hobbiest and Liability with AAA. I can live w/o driving to work with that savings!
My policy restricts commuting (but I can take it to work to show to co-workers). No restriction on running errands (like others I talked to) and no mileage limitation. They also can write an unrestricted policy with Erie.
Mark 3.1 Complete Kit, 4.6L SOHC
Side effects include blurred vision, heart palpitations, messy hair, and euphoria.
Ask your doctor if FFR is right for you.
State Farm here also $168.00 every 6 months, I put down car valued at $40,000, no mileage issues...
Amazing. I originally went with SF and was paying about $500/year. That has steadily gone up over the past two years where my latest premium was $700/year. Just switched to Midwest Classic with Robbin and the premium is $211/year with agreed value of $35k and 6000 mile limit.
We have a 1930 Model A Ford insured with Hagerty, so I'll see what they'll do for the GTM when the time comes. If they're unreasonable, I'll check into Mid-West as well. Seems to be quite a lot of good recommendations to use them.
GTM #0081: Some say that I only know two facts about ducks (both being wrong), and that I am illegal in nine US states.[... All I know is that I'm called "The Stig".
We would be glad to help you out in North Carolina with the car. Give me a call and we will see what we can do for you. We have a couple of options in NC as well. If you like you can drop me an email and I'll put it all together for you firstname.lastname@example.org
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