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Initially I had it insured as a 2nd car on the same policy as my daily driver but didn't want to get into a situation where I'm fighting with the insurance company over the replacement cost.
I now have mine insured with Hagerty with agreed value of CAD$98,100 (about US$73k)
Costs me CAD$2,704.44 per year. No at-fault accidents or tickets on my record. So it's not cheap but I do get:
2m in liability
$1000 deductible for loss or damage
It can only be used for "leisure" so not covered if I'm using it to commute to work every day or any business use. My policy also says 3000km/y (~1800mi)
There are other endorsements and benefits in my policy - towing/roadside assistance, immediate coverage on any other collector vehicle you purchase.
My policy also lets me "retain salvage of the automobile", so if it's deemed a total loss they pay me out and my understanding is I can still keep whatever is left of the car.
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