Corvette Advice for 24 Year Old
TECH Apprentice
Joined: Aug 2004
Posts: 312
Likes: 0
From: ohio, north carolina
Why don't you just call your insurance company and ask them?
FWIW, I was paying approximately $200 / month full covereage when I was 24 in my first vette..... not the best driving record and driving a vette will more than likely add more tickets to your record....LOL!
FWIW, I was paying approximately $200 / month full covereage when I was 24 in my first vette..... not the best driving record and driving a vette will more than likely add more tickets to your record....LOL!
Thread Starter
Teching In
Joined: Apr 2008
Posts: 30
Likes: 0
Why don't you just call your insurance company and ask them?
FWIW, I was paying approximately $200 / month full covereage when I was 24 in my first vette..... not the best driving record and driving a vette will more than likely add more tickets to your record....LOL!
FWIW, I was paying approximately $200 / month full covereage when I was 24 in my first vette..... not the best driving record and driving a vette will more than likely add more tickets to your record....LOL!
Im a Firefighter and Ive pulled many mangled bodies out of sports and muscle cars, seeing that puts me in no hurry to meet the same fate.
My vette is strictly for taking the ladies out on the town.
If I wanna go fast Ill break out the 455 Trans Am.
Im 21 and pay I think around $80 a month for full coverage through state farm as a secondary car, that is with a accident on my record (from when I was 16). And I have my own policy. Its not as bad as people think.
I don't understand how people get outrageous quotes on insurance premiums. I have both my '02 Z06 and '97 GTS on the same policy and it's 184/month full coverage. I'm 24 and had a DUI 4+ years ago.
Staging Lane
Joined: Feb 2007
Posts: 61
Likes: 0
From: Lehigh Valley, Pa
You can ask all the people in the world, you're not going to get a quote for yourself. Go to the insurance company's and get a real quote, it's free.
Every factor comes into play, driving record, marriage, credit score, where you live, etc..
Every factor comes into play, driving record, marriage, credit score, where you live, etc..
TECH Fanatic
Joined: Oct 2005
Posts: 1,698
Likes: 0
From: DFW
AGe 22, I was driving a Volvo XC90 04'. $1000 for 6 months with Geico. Bought 03 Z06 with 14k miles. Added it to my policy, $280 per 6 month period. I paid $1280 for both cars....thats a deal..
Heres the trick. I told Geico that the Vette was a Collecter's item with a 2k miles a year. I told them I just wanted to keep it as a toy....boom only 280 bucks for 6 months.....
Heres the trick. I told Geico that the Vette was a Collecter's item with a 2k miles a year. I told them I just wanted to keep it as a toy....boom only 280 bucks for 6 months.....
I had my c5z05 when I was 21 and my insurance has been all over the place. finally it settled down now that im 25. but its still $300 a month for 3 cars on the policy and my t-rex has a seperate policy @$550 a month!!
Why would a T-rex cost $550/month? I've had brand new liter-class sportbikes before that cost MUCH less than that per month. Isn't the T-rex just a ZX-12R with 3 wheels basically? When I first was shopping for bike insurance I found that some companies were RIDICULOUSLY priced but then Geico was a ton cheaper. LS1 Tech Stories
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I bought my 02 Z06 when I was 21, and full coverage insurance w/ $500 deductible was only $48/month. When I turned 22 it dropped and now I only pay $43/month full coverage the Vette.
My 93 Silverado is just liability and I pay $58/month for that. This is with a perfect record.
Your credit score plays a huge role in insurance rates. I don't know why, but they do. People always laugh and call me stupid for paying such "high insurance rates" until I tell them how much I actually pay. Then their jaw just drops. I don't know how it's so cheap, either, but I'm not complaining!
My 93 Silverado is just liability and I pay $58/month for that. This is with a perfect record.
Your credit score plays a huge role in insurance rates. I don't know why, but they do. People always laugh and call me stupid for paying such "high insurance rates" until I tell them how much I actually pay. Then their jaw just drops. I don't know how it's so cheap, either, but I'm not complaining!
Are you seriously paying $850/month for insurance Why would a T-rex cost $550/month? I've had brand new liter-class sportbikes before that cost MUCH less than that per month. Isn't the T-rex just a ZX-12R with 3 wheels basically? When I first was shopping for bike insurance I found that some companies were RIDICULOUSLY priced but then Geico was a ton cheaper.
Why would a T-rex cost $550/month? I've had brand new liter-class sportbikes before that cost MUCH less than that per month. Isn't the T-rex just a ZX-12R with 3 wheels basically? When I first was shopping for bike insurance I found that some companies were RIDICULOUSLY priced but then Geico was a ton cheaper.
Teching In
Joined: Jan 2008
Posts: 38
Likes: 0
From: Austin, TX
I'm 24 and I pay about $190/mo for my z06 w/ a perfect record here in Texas. It will probably drop to half that in a year. I daily drive mine and put about 12k miles on it a year.
It has a lot to do with your credit, how many miles to and from you drive it and where you park it. Mine parks on the street so that factors into it.
I haven't driven a C6 so I couldn't tell you which is better. This is my second C5 that I've owned though, and I would highly recommend the C5Z to anyone. Got mind for about mid 20's with 32k miles on it. Will probably trade it in for a C6Z in a year or two.
cheers,
'littles
It has a lot to do with your credit, how many miles to and from you drive it and where you park it. Mine parks on the street so that factors into it.
I haven't driven a C6 so I couldn't tell you which is better. This is my second C5 that I've owned though, and I would highly recommend the C5Z to anyone. Got mind for about mid 20's with 32k miles on it. Will probably trade it in for a C6Z in a year or two.
cheers,
'littles
TECH Apprentice
Joined: Aug 2004
Posts: 312
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From: ohio, north carolina
TECH Regular
Joined: Dec 2004
Posts: 440
Likes: 0
From: Alpharetta, Ga
I bought my vette when I was 24yrs old. It cost me $150/month for full coverage at the time with a speeding ticket on my record. I am now 25 and my rate has dropped to $125 per month. I expect it to drop even more by my next renewal date because I hadn't turned 25 yet when I renewed a few months back.
TECH Addict
Joined: Dec 2001
Posts: 2,264
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From: Cypress, TX
Oh, and yes I have a good radar detector. No tickets in either of the Vettes (knock on wood). The Trans Am was a different story, but I think I was still an immature ******* when I owned that.
Last edited by CySevans; Sep 24, 2008 at 10:01 PM.
Staging Lane
Joined: Apr 2006
Posts: 57
Likes: 0
From: illinois
about the insurance hey i'm 26. i do have my own house which is also on my insurance.
through state farm i have
multi line discount
multi vehicle discount
good driver discount
accident free discount.
my payment is 90 bucks a month.
with my hayabusa and my lincoln i pay 160 a month for all three. i have very good limits as well
through state farm i have
multi line discount
multi vehicle discount
good driver discount
accident free discount.
my payment is 90 bucks a month.
with my hayabusa and my lincoln i pay 160 a month for all three. i have very good limits as well
I wish I had gotten some of the quotes ya'll are/were getting at this age, I'd be driving around a yellow FRC right now, but oh well.....I'll have a vette in 2 years and my goat will be living the garage queen life.
TECH Resident
Joined: Aug 2004
Posts: 778
Likes: 0
From: United States
Shop around go with what you can afford. I'm glad your humble about stepping up to the Vette. If you go with USAA you'll be shocked how low of rates you can get. If your not military set up a savings account with them to bypass the prereq.
^^X2 on USAA! The insurance was my final determining factor when I bought my vette at age 25. State Farm wanted around $150 a month. Slowly I saw my dream of owning A Vette go down. Then I called USAA and they gave me a full coverage quote with a $500 deductable for $75 a month. And at the time I was paying $90 a month for a 98' Nissan Maxima with State Farm! ****, I quickly changed all my insurances to USAA! Thats service that cant be beaten by anybody!!!
Teching In
Joined: Jun 2008
Posts: 14
Likes: 0
From: Rockford IL
Im at $97/month, full coverage with $500 deducable, 25 years old on a 2000 C5 coupe. Whats really funny is the Vette is cheaper than my 04 Mazda RX-8 and 2001 Audi A4 were. I do have a clean driving record and befor I bought my vette I also looked at the STI and Evo because I could drive those all year round and All State quoted me almost $400 a month! I got a 2dr sports car with more HP than I could get an AWD sedan!