Hey, guys, what's the deal with Bosses and insurance? Does your insurance charge you more for a Boss than an GT or is it about the same?

Joe C

 

Mine didn't know the difference.

 

When i got a quote, it was more than a standard GT. My agent worked the numbers a little and I can get around $110 per month with my current company. One thing is that my brother is law owns an '84 ferrari 348TS, even though its an '84, its still a ferrari. he just went with state farm and got a specialized plan for cars you only drive part time, and he only pays $50 per month.

I dont know the coverage or any of the specifics, but I'm going to check it out soon once I get my car delivered and I'll post what I find out.

 

My insurance was slightly different than the quote on a GT. by slightly I mean less than $2 a month different.

 

I would use a collector car company like Hagerty or Grundy, or Heacock insurance for these cars. Even though its a new car, its a limited run car and these companies will insure them and do an agreed upon value. Just a thought.

 

I just talked to my ins company, State Farm.
$120/month for a boss w/ my coverages and multi car.
$105/month for a non-premium GT w/ same.
these rates are unbelievably high in my opinion given my age, clean record, and term w/ the company. not to happy with them right about now.

 

you have to keep in mind that the cars rating increase with the hp.. Also the cars cost and values also increased.

 

y5e06: Sounds high. I'm in Dallas and pay $370/6 months, or about half what you were quoted. I'm with travelers. I had a claim with them on another car last year and they were great.

 

I have not got a quote on a '13, but here is the quote state farm gave me on a '12:

Quote # 1 2012 FORD MUSTANG B TERR:007
MCD,MLD12,VSD10,AM
PREM
CL:1A BIPD 100/300/100 $101.69
AGE:30 MED $25000 $35.32
CRI:1750 ERS $3.00
DRG:026 COMP $1000 DED $45.76
GRG:029 COLL $1000 DED $155.78
LRG:06 ATAF $0.50

TOTAL PREMIUM $342.05
MONTHLY PREMIUM $57.01

Hope that's useful.

 

Not a boss, or a new gt for that matter, but I pay $150 for my 2000gt. I'm 17 though

 

I use Heacock. Significantly cheaper than my regular car insurance company.

 

$115/mo for my 2012 Boss, I am 23 with a clean record and no tickets.

If you are *****ing about the insurance then maybe you shouldn't be buying one of these cars...

 

For some reasons, the Boss has an extremely high insurance rate. It's almost DOUBLE of that for my C6 Z06 with the same coverages.

 

I got a quote from them today. your right way cheaper. but after some conversation it came out that if was to go anywhere that was not some car related place (think car show, cruise event, etc), say to get some milk and i was in an accident. I'm not covered. cruising, car show...covered. corner store, not covered. something to think about.

I went over a number of situations, each one that including stopping at a public place voided my coverage.

on the flip side, state farm said I'm not covered on the track. But they are digging into that one.

 

It should Joe

 

My collector car insurance through Nationwide subsidiary American Modern is less than $750 a year for both my 12 Boss with a stated value of $50000 and my 98 Cobra with a stated value of $20000 with 6000 miles allowed per year per car...I now sold the Boss and my insurance will be approx $275 per year with same mileage

 

I did the same thing with my insurance, put it as "pleasure driving only" or something like that. There are some rules I think about how many miles they expect you to stay under a year, but it's not an issue for me since I don't daily drive it. I don't remember exactly what the numbers were but I think it's about half as much as it would have been as a daily driver, maybe less.

 

Ha. I pay $216/month for my 2005 Escape, with multi-car/student/home-owner's discounts. I'm 24, almost 25, with a "wet and reckless" though. I have State Farm. Progressive quoted me $550/month on a 2011 GT bad when I was still looking (right after the wet and reckless happened).

 

My insurance company just views it as any other new V8 Mustang.

 

My insurance card lists it as a "MUSTANG BO".