I to have a beater and a 97 Cobra. My insurance is currently 1800 for both per year. It is a little high, but I believe it will be going down this year. I will know next month. However, there is with some insurance companies, some sort of fair weather car type of insurance. My insurance would drop a significant amount if I send the license plate to the insurance company to show that I will not be driving it. When winter is over they send it back and take you back up to your regular premiums for the spring, summer, and fall. Check into winter storage insurance. It protects against theft, fire, vandalism, etc.. but of course there isn't any liability, because you aren't driving it. That's why it is so cheap.