Adding another data point, I’m 42, no accidents or tickets. My 2020 SVR is $190/mo with State Farm, and that’s with an ‘assortment’ of discounts like multi-car, multi-line and homeowners. The M5 that the SVR replaced was $20 less per month. Los Angeles, CA.

 

Update to this: Settled on Progressive for $273 per month with $1,000 deductibles. Substantially lower than any other offerings. I would have preferred someone other than Progressive for OE part replacement and other options but looks like I have no choice.

 

Started doing some digging after reading the posts on insuring an F. As a result, we will be moving the insurance on my 2017 F premium, and husband's 2018 2LT Corvette, probably sometime this week. We had been insuring them on our regular home and auto policy with West Bend Mutual (typically a Wisconsin company). After corresponding with our agent, I found that standard H&A policies put an 'actual cash value' on your car and will calculate "totalled" or repairable, based on that value. Totalled is typically 70-75% of the car's value. KBB right now puts a $29,000 value on my F, so 70% would be a damage claim of about $20,000. F repairs require an approved JLR Aluminum Network shop, and you know that it wouldn't take much to rack up $20,000 in body parts/paint, etc. and, the cash value will decrease every year, making the totalled' figure less as well.

We are moving both the cars to Hagerty (we've had them for years) where my 69 E type has been insured for @ 30 years. We are able to insure them at 'Agreed Value', which for the F is $48,000 and the Corvette at $57,000. Zero deductibles and the total premium will be LESS than what we were paying for both cars with the standard H&A policy, plus, there were deductibles and only cash value, with the H&A. We can revise our 'agreed value' at any time. Despite what current sales are for Fs, I believe that their value will go back up at some point. In 1969 my E sold for $6200 new, I bought it in 1989 for $13,500, and it's agreed value is now $85,000.

I only got part of the 'story' when I used the online quote tool on Hagerty's website. Our agent called them and went through the comparison between what we currently have, coverage-wise, and what we would have with Hagerty. Exact same coverages, but as mentioned above, 0 deductible with Hagerty and it was $250/$500 on the H&A. There may also be some discounting as we now have 3 vehicles insured together. Hagerty also coordinates with our H&A company to be sure that our Umbrella Liability policy includes accurate values for all these specialty cars.

It's worth the time to call and talk to a live person, as everyone's situation is different. Worth it for us!!!

 

Yup I spoke to Hagerty and three others. Hagerty required a garage, Grundy would only give me 500 miles a year, etc. My age was also a factor for them so looks like I'm going to need to roll the dice with Progressive unfortunately. I think the "cash value" is even worse for the SVRs.

 

Brian, thank you for starting this thread. I probably would never have pursued doing the research. Just yesterday, I noticed a broken spring ( horizontal) on the Fs garage door. Calling the garage door place, shutting off power to that door and moving all the cars out the other door.

 

Here in Canada Hagerty wouldn't even insure me on an F-type until I've been driving "a car like that" for at least 3 years. I'm almost 50, no accident, no tickets etc...

 

Make sure that they put a safety wire through the new spring and the old ones as well if they don't already have them. The safety wire prevents the spring from hitting stuff when/if the spring breaks.

 

DB, thank you for that! Made note to request that from GD Co when they come.

 

I insure with Pure in the US and they do an agreed value policy on SVR and other cars. Pricing is reasonable. Ended up a bit less than Amica when we moved cars and house over a few years ago.

 

I found it really hard to have a 3rd party warranty on my 2016 F-Type R. Not even sure if it's worth it.

Anyway, my insurance for the R is $1790/year including comprehensive and collision through Geico. Live in Wisconsin.