[PoconoG]

My C7 is ordered and, thanks to a new dealer, will most likely be here by the end of March. I am having it delivered at the museum, which entitles me to a one year membership. One of the membership privileges is a discount on NCM Insurance.

While on the NCM site, I followed the link to their insurance and got an annual rate estimate of $574.00(without discount), based on 3000 miles, 250,000/500,000 limits on un/under-insured and bodily injury, $100,000 in liability (which is not a lot...if you hit a new Porsche 911, kiss your butt goodbye).

This car will not be a daily driver for us, as it is our first sports car and will likely be polished as much as it is driven. Our motorcycles do not get 3000 miles a year, and we have had them for 6 years.

My queston is: has anyone used the NCM insurance program? If so, what do you think of it?

If not using NCM Insurance, where have you found the best rates for non-daily driver cars?

Thanks for the input.

 

[mjw930]

One thing to remember, NCM Insurance is an agency, not an insurance company. You need to ask which company they place 2014 C7's with. Their collector and exotic coverage is placed with American Modern http://www.amig.com/CollectorCarInsurance.html. I don't believe a base or Z51 qualifies under their underwriting guidelines so that may get placed with some other company. It's worth asking.

I have used State Farm, Allstate and Esurance over the last 15 years to insure my sports cars without any issues. The advantage is if this is a 3rd or 4th vehicle you can get significant discounts by tagging it as limited pleasure use, under 7500 miles per year (each driver is assigned a primary vehicle on most policies and a primary use vehicle can't usually be rated as limited). It then gets a multi-car discount which adds up.

So, check with your primary carrier about adding a limited use pleasure vehicle and get a quote before you get insurance for just this one vehicle with a different carrier. 9 times out of 10 this will be your best rate.


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[Rotherd31]

Pocono: Living in NE PA I would guess that you'll be storing your car during the winter. I just checked the rates with NCM last week for a comparison with my ins. company, Allstate. NCM wanted $580.00 for six months. Allstate is $613.00. Trouble is that the liability and under and un-insured coverage limits are less than I have with Allstate. Further, I drop everything except comp when my car is in storage during the winter. Six months comp costs me $150.00. NCM has no layup provision. At least that's what the agent told me. The only thing I liked about NCM was a declared value coverage for the life of the car. Allstate gives me new car replacement coverage but only for the first three years.

 

[PoconoG]

Thanks. For the input. My concern is that i have a teenage college student who is on my other policy and I'm not sure if that will kill my rates. I did call my primary carrier yesterday and they are looking into it for me. I already have another policy that is separate from my main home/auto. But, that policy is strictly motorcycle through progressive. I am wondering if I could specially exclude him from the vette till he is old enough to not cost me an(other) arm and leg.

I am not liking the low liability limits of NCM's policy offerings.


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[gregb]

I guess consider yourself lucky you don't in CA as I'm paying $756/yr for AAA.

I'm older, married, have a spotless driving record, and have multi-car discount, and used 3,000 miles a yr.

-gregb

 

[PoconoG]

What are your limits Greg B?


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[mjw930]

Thanks. For the input. My concern is that i have a teenage college student who is on my other policy and I'm not sure if that will kill my rates. I did call my primary carrier yesterday and they are looking into it for me. I already have another policy that is separate from my main home/auto. But, that policy is strictly motorcycle through progressive. I am wondering if I could specially exclude him from the vette till he is old enough to not cost me an(other) arm and leg.

I am not liking the low liability limits of NCM's policy offerings.


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You need to check that because most companies will ask for a list of all licensed drivers living in the same household and use them to rate. Not all companies will allow you to exclude your teenager. You can get away with it on motorcycles because that's a separate license.

 

[Sailbi767]

If you own a home or have any assets including a 401k or other retirement plan you need much higher amounts then that quote. Rear ending a 91 yugo at 15 mph could leave you penniless in today's world.