What Car Insurance on your 360

my 430 is similar for 3K miles/year driving

 

Mine is similar with Liberty Mutual.

 

My rate covers two cars for the prices you are talking about. Depends on whether you have a mileage restriction and what your agreed values are. But I feel I got a very good deal from American Modern Home using this broker:
http://www.classicins.com/what-we-insure/exotic-car-insurance/ferrari-insurance

 

Mine's roughly half that for an 04 360 spider with USAA. 5000 annual miles with clear driving record. Rates are really difficult to compare as there are so many variables. We have $1M coverage, but insure our other vehicles and home with USAA which obtains some pretty deep discounts. We also live way out in the boondocks which helps too.

Cheers, Andy

 

Guys, the key to his question is "AGREED VALUE". Sure, 250/500 with 1M umbrella costs me less than my Lexus (much less than his quote) but I don't have agreed value. I report mileage so there is some variability but not much.

With limited information that I have, I would say those aren't bad quotes.

 

Shannon’s in Australia, I pay 1% of agreed value on my block policy for workshop, equipment, cars and bikes fully comp.

 

I have other cars insured with Grundy so I contacted them first when I purchased my 2002 360 last month. They quoted me approx. $950 for the year. Then when I gave them the ok and sent the pictures the underwriter called me 3 days later telling me that they wont cover the car because it is too new and a high performance vehicle. I called State Farm which is who I have all of my other vehicles and house with. They quoted me $458 every 6 months and insured it immediately.

 

It costs me 1k per year for roughly 3k miles of driving.

 

And I think that's a pretty big detail!
I was just shopping around and was pointed to this article: Is Your Car Really Insured? a review of classic-car insurance
Lo and Behold, Grundy begrudgingly agreed to cover my 308, but then told me in no uncertain terms that it was NEVER covered in the parking lot at work or the grocery store (even though the quote paperwork seemed to indicate some leeway). Since driving my 308 to work on a nice day is one of the ways I treat myself, I couldn't go with that.

Thanks for the lead on another avenue to investigate.

 

Mine costs NZ$900 PA. Much the same, agreed value and limited to 5000 Kms a year.
Seems fair.
My Monster costs more.

 

AAA similar rate, no mileage limit, only limitation is timed race events. Cali

 

YR 2000, 360, Liberty Mutual, $580 per year, 5000 miles, no agreed value, take and drive anywhere with no restrictions.....

 

Wow, so Grundy won't cover it in a parking lot that isn't part of a car exhibit or parade type activity?

 

Mine is on Progressive $1300 6 months. Includes a 2010 Mercedes C300 as well. Progressive was easy to deal with on adding it to the policy.

 

Sounds like I should start getting some quotes elsewhere though!

 

$2k/year with Allstate, no mileage limits, no nothing, drive it like a normal car anytime anywhere.

Funny thing I have 3 other cars and a motorcycle with them and those 4 vehicles are also $2k/year for all 4.

I had quotes from Grundy and Hagerty on the Ferrari at about $1k/year but I could not live with mileage limits.

 

Most of these postings are real policies but they aren't agreed value. For example, State Farm will not do agreed value.

 

Actually, State Farm does do agreed value policies.