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I've already committed to buy the car, so it's a bit late to be looking into insurance, but what are you guys doing in this regard?

The stage 2 3.7L car has about $40k in mods, but book value is only $30k (2007 CS). I got a quote of $1300/yr from Hagerty for 2k miles/year at stated $55,000 value. Is this similar to what you're paying?
 

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If you choose to buy a policy with a $55k stated value (which BTW is likely above the car's fair market value), you'll have to pay whatever the premium is and accept whatever added restrictive terms are set by the few willing insurers. My car is insured as "just" a heavily optioned 2006 Cayman S at a fraction of your quote. I understand and accept that I'm self-insured for any enhanced value for its substantial mods. It's a gamble.
 
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