I currently have USAA insurance and am quite happy with them (although the premium increase between the 68 and 03 was a heart stopper.)
I haven't checked with them yet on this, but assume for a total they will pay out blue book value.
For the past 5 year or so, have the Cobra's, Bullit's, etc depreciated at the same rate as the standard mustang or GT? What I mean is, since I have a Mach 1, will blue book actually reflect its market value in 2, 3 5 years (collector value, if any)? I'm going with the assumption that if my car were totalled I would want to buy another of the same model.
The reason I ask is that I was checking around kelly blue book, and one of the features they have online is how much the car will cost you over the next 5 years, and it projected roughly 16,000 in depreciation. I can't imagine that this car will depreciate that much, and want to get insurance that will adequately cover the actual market value of the car vice blue book. I'm thinking it doesn't qualify for collector car insurance.
And its been a long day, I'm waiting for a pizza to cook in the oven, and have nothing better to do than sit and worry about my brand new car being represented properly.
Is it overkill or something to look into?
I think for the most part Americans tend to be over insured as it is, and I'm trying not to be one of those.
Hurry up pizza...