Corvette Performance - I must be getting old. Insurance question.

Dammit man. I used to talk about street racing, now i'm trying to figure out the best way to insure a 33yr old with a 12 year old modified Corvette. Before it didn't matter, now, the car is used less, and now it matters. Mostly to my pockets,...and primarily the green in them. I need to get the car on the street, like, within the next two weeks, and started thinking about a collector car insurance. I used to have progressive on the vette with an additonal $20 or $30K added to whatever the car was worth book value. I don't remember what I paid for it truthfully but, I don't remember it being too much.

The car won't be out too much but it will be out. Curious to what you all are using, and how you use, or how often you use your vettes or like yeared vehicles. Your input would be appreciated. For reference, Hagerty's basic online quote, quoted me @ $1,407.00 per year. Is that good? Thats like $117 a month but don't hold me to it. Anywho, thanks in advance for your input.

Jamie

I have Progessive and I pay like $65/mo. It's not my primary car and I have a pretty good record (not clean, but good). I drive it to work a couple times a week and mix in casual / weekend driving when the weather's nice. Definitely worthwhile to shop around for quotes as they vary so widely; I went to an independent broker and they found Progressive the best bang for my buck. Oh and I was 24 when I bought my Z06 so I was pretty surprised at how cheap rates were for a car like this. Keep us updated with what you find.

Cool deal man, thanks. I have my truck under progressive currently, was gonna call them today to see what it is to add vette back on. I'll check out a few places over the next couple of days. Thanks for your input.

It used to be you could get a seldom driven rate. Insurance companies did away with that a number of years ago. :cry:

I pay ~550/yr for Hagertys on a 03 c5z but it's not insured for value + 30k.

Cool deal man, thanks. I have my truck under progressive currently, was gonna call them today to see what it is to add vette back on. I'll check out a few places over the next couple of days. Thanks for your input.
yeah, I'd ask about adding it back with progressive. That quote from Haggerty doesn't sound too bad either for that amount of coverage...

Thanks guys.

I called progressive today, or my progressive agent that I setup with my truck, she told me, I pay right now $147.00 for my truck, they would add my vette, for an additional $226.89 , making it like $374.00 a month for the car and truck, for an additional $1,134.00 per year I think, I could insure the vette. $250 deductible

Or


$1,009.00 increase per year for a $500 deductible. Making monthly payments $349.00...but, I am looking, or trying to look at the info the girl gave me but,...I don't see the additional ADD on for money for the modifications I wanted to add on,...in other words,..say the value of the car in good condition is $15k,...I wanted to add on the dollar figure that was actually in the vehicle. So incase the car was stolen, I don't want to get a check for 15k, I want it for the actual cash value that I insure it for.

I need to look at fine print, and then maybe call this chick back tomorrow. Hoping to have it insured by Monday.

I pay ~550/yr for Hagertys on a 03 c5z but it's not insured for value + 30k.

Nice. Do you have a mileage CAP on it?

Depending on your record of course and other things listed on your policy 227 a month is pretty high.

I have an altima and 01 z06 my total is 180 a month. I have to carry 100, 300 100 limits for my job also.

I was doing well without tickets,...for years,..then I got a few, good ones, back to back like I won a prize. Not to bad, maybe 3, one is a no proof of insurance, a 90 in a 70, and another speeding one, kike 80 something in a 70 or so. So, I am guessing thats bad. That, or its a good policy...which I will look further into. Thanks for your input.

Try Geico, Mines 350$ for 6 months; 100/300 liability, towing and repair, Rental reimbursement, and 500$ deductible. Driving record is clean though. No tickets last 10 years, and I'm 30 years old.

Nice. Do you have a mileage CAP on it?

~5k I think. I only drive it a few times a month so it's not a big deal.

I have Hagerty on my Z28, $20k declared value for $550 a year. I am going to go away from it though I think because the policy stipulates parades and car shows only. I like to drive it to work on nice days once in a while, or head out just for a cruise...so it is limiting.

I go through safeco. $70 a month full coverage with $500 deductable. Also have my 05 saturn redline on thats $55 a month full coverage with a $500 deductable. im 25, single, no tickets in the last 5 years.

Vette is a secondary car with no mileage cap. But I just have a stock value FRC which is probably 12-15k. not an extra 20-30k value on top.

USAA here and my 02 runs me 400 a yr full coverage. I'm 10 yrs older than you too but still. Hagerty would be the better option I'd think. Hopefully I'll switch the Camaro over to that later this yr and have it covered w/ a value of 60K. We'll see how much I'm raked over the coals for that. LOL

I am going to go away from it though I think because the policy stipulates parades and car shows only

If it's like mine you can drive it just keep it under a certain yearly mileage. I don't think they cover the drag strip / road course though but most don't.

i have erie insurance. i have an 07 c6. i pay probably 600.00 a year.

i have erie insurance. i have an 07 c6. i pay probably 600.00 a year.
Erie has good rates, but when I looked, the policy prevented mods (as in reason to deny coverage) so I went with Amica.

Wow, thanks for replies and insight. So many different prices everyone pays. Looks like I'm paying, or about to pay more then everyone on this deal. Guessing my record is worse then I think maybe? Shit. I need to do more homework before I do this it looks like. :(

The price your paying also has to do with your credit. If you have shitty credit then your likely a shitty driver (in the insurance company's eyes). If you take care of your credit, pay your credit cards on time, never get too far into debt, then they believe you are likely to care more about driving better.

Some insurance companies may differ with how they calculate risk, but if your credit isn't so hot it might be the reason you pay a lot.

I pay 1200/year for full coverage on '02 SS and my '08 SRT8. The value on replacement of the Camaro is actual value including mods. I just have to keep receipts and pics of car.

The price your paying also has to do with your credit. If you have shitty credit then your likely a shitty driver (in the insurance company's eyes). If you take care of your credit, pay your credit cards on time, never get too far into debt, then they believe you are likely to care more about driving better.

Some insurance companies may differ with how they calculate risk, but if your credit isn't so hot it might be the reason you pay a lot.

I pay 1200/year for full coverage on '02 SS and my '08 SRT8. The value on replacement of the Camaro is actual value including mods. I just have to keep receipts and pics of car.



Very good to know. I think my credit is pretty alright last time I checked. Trying to keep it that way cause this year I am trying to buy a house, my first house. i am pretty sure my record is what the deal is. I'll make a call on what i am gonna do tomorrow I think.

Thanks for the heads up man.

Location plays into insurance cost as well. There is one agreed value policy that has a rider for taking the car to work once in a while, I know it wasn't Hagerty. Think it was either Grundy or Classic Car.

I spoke to a friend who owns a body shop about insurance, he told me the two that give the least hastle when you need them for repairs are Amica and Peerless (part of Liberty Mutual), the worst were Progressive and Geico. He told me Progressive fights with him all the time to use cheap or used parts and he would never use them for his Vette (he has a number of cars).

I plan to switch my driver's to Amica this year and my Vette to an agreed value policy that isn't too limiting on driving.

Very good info.

Location plays into insurance cost as well. ^^^ This.

My brother and I recently moved east, and when I told my agent where I moved to, he sounded scared. My rate for BASIC coverage would have gone up by about $30/mo just based on the fact that I now lived East of 441.
I told him I was kidding and left my old address ;)

My brother didn't realize it was an issue, changed his address online, and got a $40 higher bill the following month...

Wow. That's a crock of shit. Thanks for the info playa.

I checked last night and found Leland West to be reasonable and you can get a rider to drive the car to work occasionally. You can also choose the annual mileage limits so there is some flexibility in the coverage. They also came out much less than Hagerty, nearly 40% less for me.

I checked last night and found Leland West to be reasonable and you can get a rider to drive the car to work occasionally. You can also choose the annual mileage limits so there is some flexibility in the coverage. They also came out much less than Hagerty, nearly 40% less for me.

Good to know. Finding insurance for this thing sucks..so many possabilities..... Thanks for the reply man.

Heres another to check, some guys on CF use these guys
http://www.ncminsurance.com/

Full coverage 300/500/300 with 500 ded.
04 sierra, 04 monte LS both daily drivers me for the truck and girlfriend in the monte
99 TA, 00 TA, 05 GTO, 22 Model T, 04 Monte SS Dale E.
I'm renewing both my policies through progressive next week $16xx for six months.

2010 Fat Bob Street Bob and 2005 Dyna WG for $714 a year.

Just turned 30 and have a horrible driving record.

Thanks guys, going with the ncm insurance when I get all my car build info together.

Thanks again for the info.