I think that is expensive -If you are a member of the Vintage Car Club you get cheap insurance via Vero -The Tiger is insured for $165K and the premuim is much less than that I also have my 1910 Hupmobile ,1930 Model A, 1934 Fordor and 67 Alpine also insured with them and the total premuim I think is slightly over $1000 with no conditions. Its about $100 per year to join the VCC and you get the magazine Beaded Wheels for free -KarlAgent 861, who are you insured with in New Zealand. I am with Classic Cover and it is $500 for $50K cover, although it is quite modified.