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Insurance: By whom and how much?

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32K views 69 replies 45 participants last post by  smajicek  
#1 · (Edited)
Didn't see a thread with this info yet. How much are folks paying for insurance and through what company? Make sure you list what state you are in for comparison purposes, and what your deductibles are. Also, what specific model Stingray

My quote in NJ from New Jersey Manufacturers:

$1,817, 100 comp/500 collision for a 3LT Z51 conv. Age 48.
 
#2 · (Edited)
Geico insurance mine is about $500 per year in southern California z51 coupe @3k per year miles
 
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#4 · (Edited)
I was quoted by California Casualty $1042 per year for 5,000 miles a year on a 3LT Z51 Convertible with 300K/500K Liability, $100 deductible on comp and $1,000 deductible on collision in the California Republic. Age 55+ and this is $350 a year less than what I am paying on my wife's Infinity FX35 with the same coverage except mileage is 7000 a year on the FX35.
 
#5 ·
Please include your age range (if willing) as that is the biggest factor.

Had a long conversation with my State Farm Agent (fellow Corvetter). She said that StingRay rates for me would be less than my current car by $14.35/month compared to my current car 2006 Z06. Asked her twice, for this means that if I were to replace my current Corvette (worth approx. $35K), with a brand new 2015 StingRay which cost me $70K, my rates would go down by $14.35/month. She again said, "yes." Very impressive.

She also made it clear that that that specific rate differential would not hold true when I get my 2015 Z06, and, that State Farm will not insure, for the Z06, everyone they currently insure -- that the Z06 will fall into a special class due to its extreme power and performance, i.e., State Farm will insure the new Z06 on a "case by case basis." She added, that for folks who had great driving records, that while Z06 rates have not obviously been finalized, I will be very happy with my rate for it.
 
#10 ·
State Farm will insure the new Z06 on a "case by case basis." .
They quoted me a little over $1000/year for a ZR1 valued at $125K. 100k/300k liability (I have an umbrella policy) and $1000 deductible on collision. 5000-6000 miles per year estimate. A 2013 Z06 was less, mostly due to the lower value. To a lesser extent because of the lower performance level. My wife and I are early 60s with squeaky clean driving record and credit rating. Be with them for 40+ years. Many policies.

State Farm did exactly that on a 260 HP PWC I bought last year. Joe Blow calls them up and the answer is "We don't insure them with that much horsepower." A long term client with a very clean record, different answer.
 
#7 · (Edited)
I have perfect driving record, no tickets for 30++ years.
State Farm $408.00 per year: 1000 dedictable / 100,000 300,000 liability /under 7500 miles / 65 YO / multiple discounts: accident free / multiple vehicles insured / homeowners policy
 
#8 ·
Got a new quote today from National Corvette Museum Insurance:


$860, 100 comp/500 collision for a 3LT Z51 conv. Age 48. No lawsuit threshold, 6000 mi/yr allowance.
 
#9 · (Edited)
I am in Lousiana 29y/o 12,000 miles a year through state farm it is $486.60 (6 month premium)

Liability - Bodily Injury / Property Damage
-$100,000 each person / $300,000 each accident
$100,000 each accident

Uninsured Motor Vehicle - Bodily Injury
-$100,000 each person / $300,000 each accident

Comprehensive/Collision Deductible
-$500

Medical payments
-$5000 per person
 
#12 ·
Allstate in Florida; retiree. Very high coverage levels. C7 as a second vehicle. Originally $350/6 months and renewed at about $400/6 months. Good luck in New Joisey, from an ex-New Yawka.
 
#15 ·
Ragtop, I never had vehicle insurance until I pulled up to the front gate of Camp Lejeune, NC 1981 as a young boot Pvt. Let me get back on track.

State Farm, I called to verify cost and coverage prior to buying my C7 masterpiece, I've always factored in car payment with monthly insurance payment.
$708 a year, $500 deductible, unlimited miles, daily driver. (Certificate of guaranteed renewal). Age 51 years and getting younger behind the wheel of my C7!!

Hagerty,
1970 Camaro
$257 a year, full coverage, unlimited miles
$25,000 agreed value

SF
Rick
 
#16 ·
I called to get a quote from my agent since I don't have the car yet. Erie Insurance- $1100 for a year, unlimited mileage- 55 years old. I might shop around once I get the car, as it seems high to me based on what others have posted.
 
#18 ·
I gotta get OUT of NJ! I have a stirling credit record and it's still 1800. Will probably go with NCM insurance at half the price, despite restrictions.
 
#19 ·
If you don't drive it during winter you can "delete to comp" and get a reduced rate until spring. I've done this with other cars (State Farm)
 
#21 ·
My new Cyber Gray C7 with State Farm is $244.73 per 6 months. C7 is not a daily driver and usually is taken out once or twice a week. Limits of 250,000/500,/100,000, Full Comp, 500 Coll, ERS, Rental. I'm age 66 married with excellent driving record and credit. Been insured for 40 years with this company.

Ask your State Farm Agent about DDS (Drive Save and Safe). Since the new C7 is equipped with OnStar, you will be eligible for discounts ranging from a minimum of 5% to 50%. With State Farm, OnStar only reports your annual mileage to the insurance company. No driving information such as speed, turns, stops or starts. Telematics is the new thing for Safe Drivers.
 
#24 ·
Insurance rates in TX will bite you. Especially if you live in a hurricane area. Our rates have literally doubled here in the past 5 years. I have $1,000 deductible, for 6,000 miles/yr, 100/300/100, uninsured motorist, road hazard, etc. --$1,200/yr through USAA and that is with a credit rating in the 98th percentile. The good news is I just sold my BMW M3 and it's $300/yr cheaper and also $500/yr cheaper than estimates from State Farm and MetLife.
 
#25 ·
I hear you on that, and I'm sure that is my issue as well. I live in Eastern NC and my agent told me that's why both my home owners and auto are higher than what they should be. He said when hurricane damages occur up and down the east coast everybodys rates raise regardless of whether or not you have a claim. This is done to spread the "costs" to all customers. Sucks.
 
#26 ·
I used to do that. In New York it required my turning the plates into Department of Motor Vehicles. Saved a fair amount of money.
Same for jersey, you have to surrender your plates. PITA.
 
#28 ·
Geico

I currently have four vehicles insured through them, all at the same level of insurance:

Bodily Injury Liability
$100,000/$300,000
Comprehensive
$500 Ded.
Property Damage Liability
$50,000
Collision
$500 Ded.

I just got a quote to add my 2014 Corvette convertible, which will be delivered next month. Here's the info:
Current premium (for the four current vehicles) $428.92 for 6 months
Quoted Premium with 2014 Corvette added (5 cars total) $610.63 for 6 months

Premium Difference (2014 Corvette only) $181.71 for 6 months
 
#29 ·
Geico

I currently have four vehicles insured through them, all at the same level of insurance:

Bodily Injury Liability
$100,000/$300,000
Comprehensive
$500 Ded.
Property Damage Liability
$50,000
Collision
$500 Ded.

I just got a quote to add my 2014 Corvette convertible, which will be delivered next month. Here's the info:
Current premium (for the four current vehicles) $428.92 for 6 months
Quoted Premium with 2014 Corvette added (5 cars total) $610.63 for 6 months

Premium Difference (2014 Corvette only) $181.71 for 6 months
What state and does your state require UI/UM?


Sent from my iPad using Corvette Stingray Forum
 
#33 · (Edited)
Clearly, the folks at Geico appreciate my good driving skills. ;)

I was with Farmers Insurance for a long time, and they started to increase my auto rates over the last three years. Last year, for a 2005 Civic we have, they asked for $400/6 months - that was when I dumped them and I moved every thing to Geico.

Now I pay $428.92 for 6 months for four vehicles, two of them Corvettes.
.
.
Now that I think about it, I hope Geico doesn't read this forum, or those rates may start to rise!
 
#34 ·
As Corvette owners, we should all support the Corvette Museum and understand that they also have an on site Insurance Agency through American Modern Insurance of Ohio. I currently have 6 cars insured through the Museum Agency (check the Museum web site & Adam Boca agent) all with stated values ($7500-'29 Buick, $13,500-'57 Chevy B.A. H.T., $22,500-'61 Pontiac Ventura B.T., $60K-'65 Corvette F.I. Coupe, $12500-'07 Ferrari Daytona Spyder kit car & $50K-2010 Corvette G.S. Conv.) with $500 Coll., 250 Comp, 500K liability, UIM 100-300K, stated mileage of 1000-6000 annual on each, no accidents, no tickets ever, 800+ Trans. Union Credit Score, married with two other cars to drive, Lifetime Museum & local Corvette Club member and 72 years young!!! I called Adam and a new 2014 Corvette Coupe (whenever I get it- hopefully June and trading in the 2010 G.S.) would be about $12.00 more than the $812 annual for all 6 cars that I am paying now!!!. I think a real great deal. I have not have any claims on any of these or like cars in over 50 years so I cannot say how good the coverage is when needed, but looks very good to me now and I have been with them for over two years. I had been with Ohio Causality, Motorists Mutual of Ohio & State Farm and Hagerty for over 48 years until I switched to American Modern through the Museum and their rates were the BEST with no questions of the Kit Car, cars under restoration or values submitted. It might be worth the effort to contact the Museum - and I am not an employee of the Museum or American Modern. dt
 
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