A few posts back, I asked about insurance options and two reputable companies with great prices don't allow you to use the corvette to run errands and literally have that in their policy.

I asked about it and they said the adjuster could deny the claim if I was hit in a parking lot or a Home Depot parking lot. Ah NO

Who just drives their C5 only to a car show or club events? If it's nice out, I'll drive it anywhere. I can see a real corvette classic but these should be driven.

 

I would never insure my car if I was restricted on how or where I could drive it

 

I drive mine on pleasure cruises, vacations, car shows, etc. Yes, my policy has restrictions about driving the car while out shopping or to work, but I knew that when I agreed to the policy. Any restrictions on a policy are things that should be asked or provided up front.

 

This year, I only drove my 02 to car shows. I also have a 99 I drive daily, that is until winter shows up

 

The bulk of our driving is car shows or other charity oriented events, but we still take our Vette out to dinner, cruising the Blue Ridge, etc.

There are times I have to run errands in it, too. Following our head on last year, which totaled one of our vehicles, we are one vehicle short. If wifey has the SUV and I need to go somewhere it's the Vette or walking, and walking definitely loses out!

As Vetteman Jack said, these restrictions should be made very clear and we should always ask questions to ensure we understand what we are buying. By the same token, limiting the driving exposure for vehicles is probably one of the ways these insurance companies can have lower rates. I'd rather pay a little extra and have the freedom pewter mentions - being able to drive when and where we want.

 

There are grey areas in these restrictive policies. Let's say I take my Vette to a car show and on the way home I decide to stop by Lowes to pick something up. While I'm in the store, somebody hits my car. How do they deny paying the claim? I was out pleasure driving and stopped at Lowes as it was on the way and convenient. Do we have to cover every possible scenario with the agent before signing the policy to find out what would be, and what wouldn't be covered? The more I deal with insurance companies, the more I hate them...they're all scam artists...

 

Your example was given to me by the Gxxxx agent. Coming from a car show going somewhere on the way home would be covered but not going there from home.

What's comical is that their is another thread posted today about insurance companies today with restricted driving RULES.

Anybody have a guaranteed value and they're allowed to drive their cars when and where they want too?

 

I’m a big fan of Hagerty 7

 

Yes I do. Chubb. A lot of companies don’t allow vacations and most of what was mentioned above. Chubb allows most of it.

 

The coverage I have seems to be what you are looking for
Keep in mind this is for my 2003 Z06 in the Dallas Ft. Worth area and I'm in my mid 30's.
Insured through Ironshore
$750 per year
Agreed value of $25,000
unlimited mileage
Allowed to drive to work once a week, but errands/weekend drive are fine.

My wife and I were going to go through NCM, but the mileage restrictions held us back as we are like you and want to be able to hop in and just drive it.

 

I just put mine on Geico with the absolute cheapest liability coverage. No mileage restrictions and dirt cheap insurance. Perks of owning a salvage title C5— it'll never have much of a value so I don't really have to be careful with it. No point in full coverage either since I can fix most body damage in my garage for less than the cost of a deductible.

 

Thank God my Ins .Co. doesn't place restrictions on the usage. I have it fully insured as a 2nd vehicle with an average of 2k miles per year.
They don't care if I'm driving it to a car show or Home Depot.

 

I suggest you shop around to different insurance companies. I shopped and found Hartford Insurance Co via AARP to be the best IMO for price & coverage. I have 5 vehicles and two are Corvettes. None of my vehicles insured have any restrictions or mileage caps.

I suggest you shop around as every state and Insurance company are different. You will be surprised at the prices and amount of coverage you can get with a little homework.

 

Learn something new everyday. I would have never thought car insurance would restrict you from going get groceries.

I have full coverage through State Farm and don't have any restrictions. My premiums are about $780 a year for my 02 Z06.

 

Everyone's insurance quotes/premiums are going to be different and based on a lot of different factors including but not limited to; age, marital status, coverage amounts, limits, discounts, bundles, the city and county you live in and work, driving record and even your credit score.

When comparing premiums here on the forum, we will never be doing it apples to apples. My 6 month full use coverage for my '99 FRC with no driving limitations is only $190. I have State Farm and insure the house, life and three autos as well as a liability umbrella policy with them. The wife and I are both +50 years old, have clean driving records and excellent credit scores. As always YMMV.

 

This is what happens when you shop for the best price for insurance on a Vette. I have mine insured just like my other cars, and can drive it anywhere at any time. I do get a small discount because it is garaged when not being used, but I get the same discount on my Impala. I also get a discount because I don't drive my cars to work every day, been retired for 4 years. The Impala cost more to insure, because it's worth a lot more money.

 

Here in Georgia, with State Farm, my current premium on a 2004 convertible is $261.41 for six months. My wife and I are over fifty and have good driving records. There isn't a mileage limitation, but every six months they ask for a picture of the odometer. Also, there is a "spy" in the car monitoring my driving habits--speed, acceleration, braking, etc. I saw on the news recently that Georgia has some of the highest insurance rates which also affects my rates. Maybe this will help you figure out what kind of coverage you want.

 

Been a State Farm customer for 25 years. Tried Hagerty and a few other 'collector car' insurance companies and found State Farm to be the lowest premium for me. That being said, somebody else's rates with SF could be horrendous. Other SF poster said no restrictions and that's right, although I believe there is a restriction on racing. The other thing I do is not put collision coverage on the cars, however I do carry comprehensive - SF is one of the companies that will allow this. I figure if I cause the accident then the damage to my car is on me, otherwise I'm covered for everything else.

Agree somewhat with the other poster who feels insurance is a scam. Of course you have a claim that an insurance company will pay, then you're glad you have it. When I add up all my insurance premiums for the year (cars, homes, other buildings, health), the figure is staggering enough to make me question the value of the product.

A while ago I posted in another thread about a phone call I had from my agent (not SF) at policy renewal time that covers the building I keep the cars in. I've known the guy for years and he's always good for a chuckle. The call was so memorable I'll re-post what I said about it back then:

"Even the agent who covers my hangars says so - his last call me to contained a succinct description of the whole process - tongue-in-cheek - but it was close to how it actually seems to me. Something along the lines of you pay ever increasing premiums, we (insurance comp) tell you what we won't cover (just about everything), reduce your coverage as the years go by, hide the exceptions and exclusions until you want to make a claim, look for creative ways to not pay a claim, and if we can't wiggle out of it, first investigate you for fraud and if we can't prove that, low-ball your settlement until you sue us and our army of lawyers will just wear you out or scare you out. If you are one of those people who never have had a reason to file a claim, you've pissed away a ton of premium dollars and gotten no value out of it, but don't be a minute late paying your premium which is due one week before your current policy expires. And this was the agent talking. I nearly fell out of my chair laughing on that call."

 

So, if you get in an accident that IS your fault or with another person without insurance YOU'RE OUT. Glad you can afford that. The collision part of my policy doesn't cost that much more. The uninsured or under insured part of your policy doesn't cover your car, just medical.

 

NCM is reasonable, I think. I have a '99 Corvette and a '73 Mustang with them for a bit over $400 a year, agreed value. But, there is no premium reduction when cars are stored for winter for 4-6 months. May make more sense to find a policy that let's you reduce premium--you would not need collision if car is stored, but would want to protect for other potential mishaps.