Insurance costs
Thread Starter
Racer
Joined: Oct 2008
Posts: 332
Likes: 0
From: Lees Summit Mo
Insurance costs
Seems I read a post a while back where someone was saying they were getting really good insurance rates insuring there C5 as a Collector car or something? My 99 is currently bunched in with our other 2 cars and I feel I am paying too much. I put approx 5k - 7k miles on the car a year and I have full coverage and it is in with our other 2 cars and I'm paying around $380 every 6 months. There is no agreed value or no mileage restrictions.
Seems there was a "specialty" car insurance company like Hemmings or something like that that was way cheaper??
Anyone have any info that would point me to cheaper coverage?
Thanks for any help!!
Seems there was a "specialty" car insurance company like Hemmings or something like that that was way cheaper??
Anyone have any info that would point me to cheaper coverage?
Thanks for any help!!
Burning Brakes
Joined: Jun 2008
Posts: 940
Likes: 81
From: Lake Villa IL
Check with the Corvette Museum for insurance. I have my 04 insured there for a agreed upon value and no deductible for a very reasonable amount. You must have a garage or other secured building to keep it in. They are about one half what I was paying with Am Fam with high deductibles.
Last edited by coia96vette; Oct 30, 2013 at 09:18 PM. Reason: Oh, the agreed on price is $26k with no deductible on com or collision. $406 for 12 months.
Burning Brakes
Joined: Oct 2013
Posts: 971
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From: new orleans louisiana
St. Jude Donor '14
Damnnn $380 every 6 months?? Thats good haha...if it makes u feel better I pay $320 a month full coverage and thats with some no name insurance company because all the other companys wanted $350-$500 a month..it blows because im only plan on putting 200-300 miles a month on it.
Im 28 married with 2 speeding and one accident that was my fault.
Im 28 married with 2 speeding and one accident that was my fault.
Burning Brakes
Joined: Oct 2013
Posts: 971
Likes: 0
From: new orleans louisiana
St. Jude Donor '14
Check with the Corvette Museum for insurance. I have my 04 insured there for a agreed upon value and no deductible for a very reasonable amount. You must have a garage or other secured building to keep it in. They are about one half what I was paying with Am Fam with high deductibles.
sorry op didn't mean to hi jack your thread but you should definitely check out CMI..Im going from $3,900 a year to $800.00 thats a big difference
Tech Contributor
Joined: Aug 1999
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From: Should this thoughtful, valuable contribution meet with no acknowledgement or 'thanks' this post----
Grundy...$20k agreed value...$400/year in MIchigan...can drive it all year anywhere I want and no mileage limit...full coverage...on my 4th year with them now...cannot beat it in the only no-fault insurance state in the nation!
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Race Director
Joined: Oct 2011
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From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
That's why, and I'm not referring to the married part. When it comes to performance cars, insurance companies have no problem with someone who has the less than one event every three years. Get two tickets and all the antenna are up, add an accident, especially your fault and you get kicked into the high risk category. You need to find a way to chill for a couple of years to clean those records out. Last I checked tickets lasted 3 years, then fall off your record. But then, the last time I got a ticket was in 2004, speeding with an Oldsmobile rental car, how embarrising is that!
Burning Brakes
Joined: Oct 2013
Posts: 971
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From: new orleans louisiana
St. Jude Donor '14
That's why, and I'm not referring to the married part. When it comes to performance cars, insurance companies have no problem with someone who has the less than one event every three years. Get two tickets and all the antenna are up, add an accident, especially your fault and you get kicked into the high risk category. You need to find a way to chill for a couple of years to clean those records out. Last I checked tickets lasted 3 years, then fall off your record. But then, the last time I got a ticket was in 2004, speeding with an Oldsmobile rental car, how embarrising is that!
Melting Slicks
Joined: Oct 2005
Posts: 2,989
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From: Carson City Nevada
That's why, and I'm not referring to the married part. When it comes to performance cars, insurance companies have no problem with someone who has the less than one event every three years. Get two tickets and all the antenna are up, add an accident, especially your fault and you get kicked into the high risk category. You need to find a way to chill for a couple of years to clean those records out. Last I checked tickets lasted 3 years, then fall off your record. But then, the last time I got a ticket was in 2004, speeding with an Oldsmobile rental car, how embarrising is that!
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I'm with Electric Insurance (a company owned by GE) and have full coverage with $100 comp and $500 collision deductibles. My cost is right at $400 per year. No tickets, no accidents.
Racer
Joined: Sep 2013
Posts: 397
Likes: 33
From: Mississauga Ontario
Canadian perspective----$1350.00 annually with high deductibles for a 45 year old male with married with kids!! That's on top of the other two cars and home insurance with same company. Total insurance bill---$ 6000.00/year bananas!!!
:ack :
:ack :
Safety Car
Joined: Jul 2010
Posts: 3,992
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From: Chandler AZ
To be honest, I'm not working now, so car is parked in garage and no insurance.
However, I was getting state farm 0 comp and 500 collision, with full coverage, 70 a month, 36 years old divorced, clean driving record, save 20 a month having my truck on there multi car discount.
Living outside of Phoenix in a "bedroom" community
However, I was getting state farm 0 comp and 500 collision, with full coverage, 70 a month, 36 years old divorced, clean driving record, save 20 a month having my truck on there multi car discount.
Living outside of Phoenix in a "bedroom" community
Safety Car
Joined: Jul 2010
Posts: 3,992
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From: Chandler AZ