GTD Insurance

[WallerGTD]

Wondering what the process for insuring a car like the GTD will be. If any NFGT guys could chime in on what they would recommend as well.

1. Who would you recommend using?

2. How do you assign a replacement value in the event of a total loss? The car cannot be replaced for msrp given replacing it would more then likely require buying a used one after two years and who knows what that will cost given they will be valued over msrp for the foreseeable future.

3. Ballpark monthly cost for full coverage?

4. What would happen if the car was a loss? Ford will more than likely not replace it even if they could I’m assuming? Maybe I’m wrong.

Appreciate any and all guidance from those who have gone through this process on any car of this level.

 

[MoneyPit]

I use PURE insurance for my car collection - it's all agreed value insurance. Regardless of insurance carrier I would only do agreed value insurance for a vehicle in this class.

 

[1418]

Wondering what the process for insuring a car like the GTD will be. If any NFGT guys could chime in on what they would recommend as well.

1. Who would you recommend using?

2. How do you assign a replacement value in the event of a total loss? The car cannot be replaced for msrp given replacing it would more then likely require buying a used one after two years and who knows what that will cost given they will be valued over msrp for the foreseeable future.

3. Ballpark monthly cost for full coverage?

4. What would happen if the car was a loss? Ford will more than likely not replace it even if they could I’m assuming? Maybe I’m wrong.

Appreciate any and all guidance from those who have gone through this process on any car of this le

Drew at Classic insurance-- Great service and very fair pricing. Many GT owners have policies with him.

 

[Specracer]

We have ~20 cars with Hagerty. I spoke with Drew (mentioned above) and at the time he did not write in MA. However have kept in touch and saw him in AZ at the GT rally, he is a great asset to the car world.

 

[Onepunch]

I use Geico for my newer exotics and regular cars and trucks, and then American Collectors (agreed value) for my muscle cars, rods, and unique stuff. Typically American Collectors doesn't insure newer stuff, unless its limited edition vehicles, of which the GTD would certainly qualify.

 

[RDM]

general numeric thoughts on “agreed value” for the GTD? To not muddy the water, let’s just apply estimates to a base GTD.

 

[WallerGTD]

general numeric thoughts on “agreed value” for the GTD? To not muddy the water, let’s just apply estimates to a base GTD.

I’m going on a limb and say 175-200 over msrp. Maybe more maybe less, I’ve got no idea lol!

 

[ttn27]

I used Hagerty for all my non-daily drivers and the good thing about agreed value is that you can change it anytime based on the market. Unlike the traditional insurance for my daily drivers in which the premiums increase annually, the premiums under Hagerty have not increased over past 3 years with the same agreed value. Of course the higher the agreed value the better especially for the GTD, there is no determined market value during the first 2 years. IMO, a good start for the GTD is to insure it at 1.5x the purchased price of your car since you have to balance the higher premium with a higher agreed value. After the first 2 years of NDA, you can always adjust the agreed value.

 

[19gt3rswes]

The value conversion is an interesting thing, especially since the FGT is probably the closest example we have in possible value trajectory. I do not think 2x MSRP is at all out of the realm of possibilities (but likely to be a bit less). This is especially true if they really do just build 2 model years and keep production numbers below last get FGT, and if they manage both an impressive ring time as well as success at Lemans (different car I know but similar platform).

The GTD doesn't have the history of the FGT and if values were similar, I believe most would probably go for the FGT, so maybe top end of values will stay below last gen FGT by a small margin.

I would be surprised to see a million dollar GTD (outside of something very special and very loaded with no miles), but 700k to 800k for the right spec and mileage could happen.

This car is so hard to guage as it is the first of its kind and for a platform that has never attempted to go this far upmarket. But, low production, special mustangs have usually done pretty well, and this is the most special of them all outside of something classic with some major history. As I do not plan to sell, it is all an academic conversation, but still important as insurance will be an ongoing expense for the life of the vehicle and be based upon market value just in case. What do you guys think?