Trouble Insuring My Corvette
Thread Starter
Heel & Toe
Joined: Feb 2008
Posts: 22
Likes: 0
From: Northridge Ca
Trouble Insuring My Corvette
Hey guys this is my first post, I am a new member but have been getting ideas for my corvette for about a year now thanks to all your great post. So here is my issue/problem I am 22 years old and no insurance company will insure my corvette; they say you must be 25 since it's a classic car. My driving record is clean. It's a 1974 corvette nothing over the top 496 stroker engine, 13" Wilwoods all around, custom wide body etc. I found that Hagerty would insure someone under the age of 25 I called them told them what I have they said I am building a race car and would not be able to insure me. I am really confused about the whole thing. Are there no young people in this hobby or am just I out of luck. Any and all advice would be great.
Racer
Joined: May 2008
Posts: 271
Likes: 0
From: N.Y
i am only 24 but when i got a quote i was 23 and it was only like 400 a year for classic insurance, shop around ive never heard of what your saying, im sure you can find something, go to progressive.com/geico.com/the general.com/allstate.com, etc. im sure you can get a quote, dont play with the little no name companies that try to play safe and hammer everyone
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
Racer
Joined: May 2008
Posts: 271
Likes: 0
From: N.Y
not sure but if it were that or nothing then ide take it and be careful, ive never had a problem but if your going to play around with it then maybee you should just get a policy with full collision
Burning Brakes
Joined: Jul 2006
Posts: 1,108
Likes: 0
From: Sebastian Florida
i am only 24 but when i got a quote i was 23 and it was only like 400 a year for classic insurance, shop around ive never heard of what your saying, im sure you can find something, go to progressive.com/geico.com/the general.com/allstate.com, etc. im sure you can get a quote, dont play with the little no name companies that try to play safe and hammer everyone
Progressive tried to tell me my '80 was worth $1500. After fighting for over 6 months, I finally had to settle for $5000. I had about $9000 invested in it.
MAKE SURE you get an "Agreed value" policy.
Racer
Joined: May 2008
Posts: 271
Likes: 0
From: N.Y
Progressive, Geico, and Allstate won't give "Agreed value" policies.
Progressive tried to tell me my '80 was worth $1500. After fighting for over 6 months, I finally had to settle for $5000. I had about $9000 invested in it.
MAKE SURE you get an "Agreed value" policy.
Progressive tried to tell me my '80 was worth $1500. After fighting for over 6 months, I finally had to settle for $5000. I had about $9000 invested in it.
MAKE SURE you get an "Agreed value" policy.
Safety Car
Joined: Apr 2000
Posts: 3,802
Likes: 61
From: Wichita KS
With all the mods you might want to get an appraisal to back up your valuation.
Most regular auto insurers farm out their classic car insurance to a "partner" company. Can get kinda ugly.
Do a Google on classic auto insurance. There are lots of them.
cc
Most regular auto insurers farm out their classic car insurance to a "partner" company. Can get kinda ugly.
Do a Google on classic auto insurance. There are lots of them.
cc
Instructor
Joined: Feb 2007
Posts: 152
Likes: 0
From: Comanche Tejas
I'm 23 and own several vehicles, trucks and equipment mostly. I have my corvette under my farm fleet insurance and its only setting my back less than a hundred every six months for that vehicle. 
guess I should haul a square bale of hay on the flat back part of it once in awhile to keep anyone from asking questions.
and its only setting my back less than a hundred every six months for that vehicle. guess I should haul a square bale of hay on the flat back part of it once in awhile to keep anyone from asking questions.
Burning Brakes
Joined: May 2008
Posts: 1,165
Likes: 24
From: Boston MA
your going to find that if you get "normal" insurance on the car, it will not be for agreed value, and if you get classic car insurance it will be for an an agreed value, and an agreed annual mileage limit.
Go beat up one of your buddies who wrecked his car...its his, and others like him, fault you cant get insurance.
Go beat up one of your buddies who wrecked his car...its his, and others like him, fault you cant get insurance.
Burning Brakes
Joined: Jan 2009
Posts: 1,224
Likes: 1
From: Clarksville Indiana
My Dad is my insurance agent, he underwrites for several company's so I trust he puts me with a good one, its a couple hundred a year, www.americanhobbyist.com
Thread Starter
Heel & Toe
Joined: Feb 2008
Posts: 22
Likes: 0
From: Northridge Ca
My Dad is my insurance agent, he underwrites for several company's so I trust he puts me with a good one, its a couple hundred a year, www.americanhobbyist.com
THANK YOU AGAIN FOR ALL YOUR HELP AND IDEAS SO FAR.
Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,116
From: Crossville TN
The "rub" you are having is that you are under 25 years of age and you have a modified car with a big-a$$ engine in it. For an insurance agency, that's a recipe for "We're gonna lose money on this one." You can buy basic coverage from one of the 'regular' insurers mentioned, but your car will only be valued at wholesale book value if you total it. I don't know of a viable solution for you until you are 25.
Team Owner
Joined: Jul 1999
Posts: 65,492
Likes: 230
From: Orange Park Florida
OP, you situation has existed for well over 50 years now, I am shocked and amazed no one bothered to tell you about all this 
before you went and bought the car....now that you have poisoned the well so to speak, by being honest about the engine and modifications, you are truly out of luck,
I dunno if they bother with actual eyes on physical examinations of the car these days, but I would not be surprised if they do....but from outside you could dress that BB down at minimal expense, and take off some of the fancy wheels and wide tires....arrange a photo shoot that way......
it's the only possibility for you in your position,
before you went and bought the car....now that you have poisoned the well so to speak, by being honest about the engine and modifications, you are truly out of luck, I dunno if they bother with actual eyes on physical examinations of the car these days, but I would not be surprised if they do....but from outside you could dress that BB down at minimal expense, and take off some of the fancy wheels and wide tires....arrange a photo shoot that way......
it's the only possibility for you in your position,
