Alright so I have never owned an FD, but I am looking into getting one soon, but i've heard many things about the insurance rates and type of coverage one MUST get when insuring an FD. I was wondering, if it works like a regular car where you can get various types of coverage ranging from, yes i know, liability all the way to full coverage. OR if an FD is considered a high risk vehicle or other type of "special" vehicle that will cause one to pay a large amount up front, or monthly, etc. Please shed some light on this!! Thanks

 

I'm pretty sure FD is covered like any other car. If you're going full coverage, you'll want to tell them the extra parts you've probably invested on, etc. So the maximum amount they cover will be a bit greater.

 

I'm no insurance expert, but I'd say these are questions to ask an insurance agent....not us.

Rates will depend on your age, gender, driving history, claim history, types of coverage (liability, comp and collision) sought, amounts of coverage in each category and size of deductible.....as well as the insurance symbol that particular company assigns to the FD. Relatively speaking, the FD is going to be expensive.
If you have a loan on the car, the lender will likely require comprehensive and collision coverage be maintained in addition to the minimum liability your State probably requires.

 

It's insured just like any other car if you're going through the large auto insurance companies. Just as a reference, it was more expensive in every category to insure a 94 FD with 115k miles than an 06 Mazda6s with 89k. Blue book values on the two are pretty close with a little edge going to the FD.

Based on that info, I think there is a slight premium on insuring the FD based on the likelihood that you will invoke your coverage when driving a twin-turbo sports car.

 

when looking for insurance for a fd, SHOP AROUND, i dropped allstate because when i bought my 2nd fd they told me insurance went up on that car because its "a fast sports car" allstate quoted me $250 a month , i said **** that i went to my local state farm insurance. they quoted me $110 a month, yea that much cheaper...

shop around!

 

Sgt. Blue on point as always. Ask an insurance agent.

That being said, I pay under $60 a month for my FD with full coverage and a $1000 deductible. I'm also a male in my 30's with excellent credit and no type of driving violations in over 12yrs (not saying I haven't deserved more than a few).

 

As stated above, you need to ask your insurance agent because your rates are based on your individual demographics, and whether or not you are financing the car. Also, this is an international forum, so it would help if you state your location in your User Profile or at least in your forum posts. Based on your questions, it sounds like you do not live in the USA.

 

Thanks everyone for the input!! SgtBlue was on point, it makes sense to get a tailored quote rather than a ball park estimate which would most likely be VERY ROUGH.
and of course shop around lol

Really liking the community feedback so far!

 

how much does it affect the price if you have it listed as a "pleasure" driving vehicle instead of a DD?

 

Such policies usually limit mileage.

FWIW, my FD is insured through HAGERTY. I also have an antique car that's been insured with them several years and never had a claim. They accepted the FD this past year with an agreed value policy. The FD mileage is limited to (IIRC) 7K a year , which is plenty since it's stored during the winter. I also had to submit photos and continue to keep it stored inside (which it would have been anyway). But coverage limits were increased with way less deductible, free towing, and that agreed value is really nice to have. All that and total premiums are about 1/3 less than with my standard insurance company on my 'normal cars'.

 

Everything really depends when it comes to FDs and insurance. It is a high risk vehicle and there are very few of them so insurance companies vary quite a bit on their approach.

Some companies won't insure FD's at all. Some won't let you switch to them and bring in an FD (they'll insure one if the existing customer adds one). Some won't allow any modifications. Some are forgiving if you've had some tickets or accidents others will drop you or blow your rates sky high.

All insurance policies should be divided up into comprehensive, collision, and liability. IMO it's important to have a solid insurance plan and to understand how valuation is performed in the event of a loss. Given that most nice FDs are stored indoors, damage occurs in your garage as often as it does on the road - get to know what coverage will apply in the garage too.

 

I too am going to hagerty with my r32 and fd

 

its a lot cheaper than my s2000!

 

are fd alot to insure

 

Since I'm also looking to buy I've been checking different insurances also. The best I found for full coverage with $500 deductible was Geico at $88/month

 

I have owned a few and I don't believe my insurance company has hiked my rates on the FD over any other vehicle I have insured. The only reason it would be higher is because it is a 2 door sport coupe. oh and because it is "turbo"

 

How much do you think it will be for a teen and and FC 1991

 

 

Honestly, im looking for an FC 1991 and im just looking for an insurance average. And yes it is going to be tied in with my parents info.

 

 

What is an average price?

 

 

Ok thanks

 

I have 2 camaros, oldest is only 24 years old. I have them both insured with American National property and casualty. They offer a collector option, with little requirements. Must be garaged, no limit on miles. And the annual premiums are relatively cheap. Anything under $25k doesn't require an appraisal, and sound shouldn't 'e a problem to insure for about around $400 per year.

 

^ I don’t know, seems like the name says it all, “General Liability”. That looks like a bottom-feeding company,...at best. Where someone would go with sketchy credit or a bad driving record to get something minimal to be legal. The equivalent of a Paycheck Loan instead of a Credit Union. I wouldn’t even call them until I checked with my state’s insurance license office.
And since your first post resurrected a 2 year old thread and you list your residence in London but claim to have bought car insurance from a U.S. carrier...it makes it look like spam.