When I sold my 75, I had a policy with Haggerty that I rolled over into my 01 vert. The 75 was about 350 a year with flat bed towing and an agreed value of 16k. When I got the 01, I had to send another 380 or so to finish the year. That was an all year, no restrictions policy-- so long as I had historical plates -- which restricts driving on its own.

Got the renewal recently for the 2001 at 894 a year, agreed value of 22000. No restrictions. Perfect driving record--46 years old.

I called Grundy for a quote and they won't even insure me, because I have a 16 year old I want to let drive it to prom.

Where do you insure your C5 and for how much under what conditions?

Thanks.

 

I insure my Z thru Adam at NCM. 3K miles a year with the drive to work option, a bit over $500 per year. Limits are it has to be garaged at home and you can't use it for day to day stuff. No problem for me, I have 4 cars and wouldn't take the Z to the mall and what not. They also have an under 25 option that I had when my younger son was still at home.

 

I have Auto-Owners for my 03 Z06. Insured for $18k, no driver's under 21, no mileage restrictions, and pay about half what your new payment is.

I do have another vehicle and a house policy with them which gives me further discounts.

 

Geico always offered the best deal in my situation. I tried getting quotes from many of the other speciality places, but they were never strong enough to make me want to switch, especially with the restrictions they placed on use.

 

Try American Collectors Insurance. I have both my cars covered with them for $1074.00 and that includes I believe $200.00 a year for the Michigan Catastophic Fund that you probably don't have in your state. I have a 2003 Z06 and a 1969 Camaro. No restrictions other than having a daily driver,5K a year in miles,both insured for $30K each. I had two teenage drivers in the house at one time-no problem,but they are exempt from coverage on the vehicles. I had a claim on my 2011 Lotus a few years back for 7K when my battery came thru the quarter panel and they covered it. Here is the number: 800-360-2277 Rich

 

I insure mine through the National Corvette Museum - full coverage (well above the minimum limits required by state law). Mine is 3K miles per year, no trips to do shopping, work, etc. and it has an agreed value of $29K. My annual premium is $415.

Give Adam or one of his staff at the NCM Insurance Agency a call for a quote. They are very helpful.

 

USAA, $652 yearly, full com/col, no restrictions.

 

Liberty Mutual - $900/yr - full collision/comp - no restrictions and $10k above book if totaled.

My 2001 C5 is my only car and DD, but I only drive 3,000-4,000 miles/year. 65 years old no claims record

 

I have NCM for 6000 mi.and $20K value on my 2001 vert.Premium of $261.00 full coverage
Must be garaged and has restricted use.Works for me.I am 77 years young.
Fred

 

I have my '99 under an umbrella policy that I pay a one time balloon payment on through Cincinnati Insurance. $340 a year. Full coverage. Uninsured motorist coverage. Collision and medical to $150,000. No mileage, driving, or storage restrictions. I'm nearing mid 30s.

Rates will vary depending on where you live (unless you go with specialty insurance like NCM's or collectors) but if you want to find some good rates negotiate all your coverage for your assets under an umbrella policy and pay a one-time payment. In many cases you can save in the hundreds and hundreds of dollars for covering everything if you're willing to chunk down the large payment yearly. If you're able to own a Corvette a large one time payment shouldn't be a problem.

Sorry but I drive my C5 for everything under the sun and no way I'm going to run a policy that has restrictions; that counter-intuitive to the car's purpose.

 

I have the same deal. Fully covered.

 

State Farm, full com/coll also with no restrictions. I pay about $550/yr for my 01 ZO6. I own 2 other cars and a 675cc sport bike. Clean record and 34yrs old. Single.

 

None of you guys mention, deductible or your collision limits.
all you guys with these 300 and 600 dollar policies have both comprehensive and collision? but why didn't you mention the deductible... I only see some say No restrictions.. does that me no deductible? Full coverage, does that mean it covers all of your assets in the event of a law suit? If you have a 300K house 150K isn't enough insurance even though they can still go after your house and assets. If you have 500K in assets and you only carry 150K you are way underinsured.

 

My quote was for the Vette policy only, which I thought the thread was for. Rest of the assets are irrelevant except multiple vehicles giving you a discount on the Vette, plus age, driving record, and marriage status. Don't remember the coverages, but it's adequate, and it's a $500 deductible.

Everbody started mentioning restrictions for obvious reasons. Look through the posts. A lot of people are doing agreed values with driving and mileage restrictions on the car. No retrictions= unlimited mileage and drive when you want.

 

IM 72 years old Ive been driving for 56 years , Ie owned 27 new cars in 56 years, I know a little bit about the law, and insurance, and if your insurance agent knows you have 500K in assets, he will tell you if your car is insured up to 150K, you are underinsured. when you go to court and are underinsured the plaintiff's lawyer will go after everything including your assets and the judge will give it to him. If you have asset valued car insurance, judges usually wont go after your assets.

Really "???? Does age, mileage, and marital status mean anything, I didn't know that LOL.. thanks so much for the lesson.

I find that details are often left out of thread like this... why does one guy with the same level of restrictions pay 230 a year and another guy pay 1200 a year for the same coverage?? the reason!! ITS NOT THE SAME COVERAGE>

IN any State, The level of coverage and the rates are very similar. They have to be competitive.. you see the commercials all the time... I picked the wrong coverage, because they only paid me for 2/3 of my car's value.. and I say, No I didn't pick the wrong coverage, I picked the wrong insurance company... Exact coverage under the exact conditions and restrictions only vary by about 100 dollars every 6 months since many insurance co. write 6 month policies.

OK I am done here. at least in this thread.. I gave my concerns, and I know how to do research. I have state Farm, I have my house and my cars with them for 15 years since I returned to Pa. I searched every insurance company licenses to write insurance in Pa, I got the most coverage for the least amount of money with State Farm. I check every year for a better deal.. Even my military insurance carrier was more money. Just my experience.
Bill aka ET

 

Whoa, you're a touchy fella. Calm down.

My assumption, like others, are that people are listing only the CAR policy. For example, when I go to my State Farm account page, it lists 5 policies. One of those is for the Corvette, which I pay roughly $47/mo for. The problem is, you're assuming that since people are only listing their Corvette policy, that they have no other policies with that insurance company or that includes all other policies.

 

I assume nothing. I also have multiple policies, but I know what I pay for my house, and I know what I pay for each car, I know what each life insurance policy covers and its premium.. .. My wife an I have never had a claim or a moving vio9lation. the cars are garaged and driven under 5 K each... You think you are as condescending as to tell me.. Calm down??? You think I was just born yesterday? IM only saying these guy with full coverage for 230 and 300 a year do not have the same coverage as I do... Calm down indeed..

 

I always thought that <$300/yr seemed a little light for full coverage. I was wondering how that works. I always opt for as much insurance as it takes to cover whatever. Higher deductibles allow for a degree if self-insurance.

 

First and foremost, thank you all for your replies.

I've always thought it best to get as much information as possible before making a decision. So thank you for the info.

I was using a separate carrier for my vette when it was a classic. Now in the c5 mix I'll look at combining policies and likely making a switch for all of my vehicles and house. I welcome more input from the c5 crew-- those in the know. And of course I'll do some research.

I certainly want zero restrictions and a chance to let my son drive it to prom. I'm sure he'll be careful-- and surprised to come out and find his car parked in his spot for the after prom festivities...

Thanks again.

 

I'll add to my post above with the limits on my policy with the NCM:

As I said, $29K agreed value, $415/year premium with 3K miles. It is a restricted policy - car must be garaged, only my wife and I can drive the car, pleasure or car show/parade use only. If you don't use all the miles in one year, they roll over to the next year.

Limits on the policy:

Comprehensive Deductible: $0, Limit is $29K
Collision Deductible: $0, Limit is $29K

Hope this helps.