Insurance - yes or no

[135BANDIT]

Recently I recieved my insurance renewal from shannons , Interestingly our 135 went down in value , while my 68 Mustang went up in value

Now the question is the insured value is very low for the 135 , although I havent checked the market at the below values seems like a no brainer for a sports car - perhaps i should buy another 1..........

So 800+ for a 15k car , does seem expensive and if its in a signifcant accident i dare say it would be written off as the repairs (these days) would more likely be in excess of the Value and if its stolen , would I get a similar 1 owner car with only 90Km and a few mods (19" wheels , JB4, Catless, Cooler, pipes , air mod etc) for 15k?

Whats the consensus , are you still insuring ?

[RealBenM]

Suppose it depends if you're willing to lose a bunch of money if you have an at fault incident or can't identify the other party. Me, I wouldn't drop back to TPP insurance but that's just me, my risk tolerance ain't that high.

Option 3 is just to increase the agreed value, Shannons can be flexible. My MY10.5 is insured for $19,500 and it's unmodified (at least as far as Shannons know, it has non-run flat tyres and an aftermarket charge pipe but I wouldn't consider those mods).