insurance
Melting Slicks
Joined: Nov 2014
Posts: 3,399
Likes: 1,339
From: Havre de Grace Maryland
How old are you? Do you have young drivers in the household? How many drivers are in your household? What is your driving accident record? How many miles do your drive? What is your budget? Have you contacted your current carrier? How much liability coverage do you need? The best way is to solicit many carriers and see what they quote you. Some people on this forum like The Corvette Museum insurance. My insurance company beat them but that is because of who I am, my age, my driving record, and the number of cars we own. Good luck on your search.
Race Director
Joined: Jan 2000
Posts: 10,373
Likes: 3,385
From: Central TX
C5 of Year Finalist (appearance mods) 2019
There's that word "best", again. What's best for you may not be best for others. As others have mentioned, too many variables at play, here.
My Z06 is insured with the NCM.
My Z06 is insured with the NCM.
Burning Brakes
Joined: Feb 2019
Posts: 1,028
Likes: 377
From: SW Ohio
There was a giant thread about this a few months ago, and it seemed many were willing to hope for coverage on a collector car policy that is very specific in allowed usage in exchange for an agreed value policy. Hagerty and American Modern were just under $500 a year for my '04 Z06 on a collector car policy with many restrictions. I have been with USAA for 21 years and found insurance for $325 a year when adding the vette with them and can drive / use the car any way I like. They use Kelly Black Book for valuation as well, so no I am not going to make much money if it is totaled, but certainly will be covered. But that is not what insurance is for.
Also, if you over-insure your car with an agreed value policy and it is in a severe wreck there is more room for your insurance company to repair it and not total it, leaving you with a substantially repaired car that will have zero desirability to someone else.
It's a hard decision for sure!
Also, if you over-insure your car with an agreed value policy and it is in a severe wreck there is more room for your insurance company to repair it and not total it, leaving you with a substantially repaired car that will have zero desirability to someone else.
It's a hard decision for sure!
Last edited by CinciZ06; Apr 4, 2019 at 08:19 AM.
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Le Mans Master
Joined: Sep 2016
Posts: 6,480
Likes: 555
I plan to go with Hagerty on mine. They have very few restrictions and they will cover a stated value. If you don't care about stated value coverage there are probably some other companies that would offer lower premiums...
4th Gear
Joined: Jan 2019
Posts: 4
Likes: 0
From: Wisconsin
2002 Z06 on a multi-car policy - $432. About $300 less than my Mazda6, less than my 2008 E350 van, and about the same as the Miata. I could not believe that the insurance cost was so reasonable.
I have Hagerty insurance on an Exocet as a Lotus 7 replica and there are restrictions. It cannot be a daily driver.
I have Hagerty insurance on an Exocet as a Lotus 7 replica and there are restrictions. It cannot be a daily driver.
Last edited by jwagner; Apr 5, 2019 at 12:19 AM.
Administrator
Joined: Mar 2001
Posts: 368,324
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
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I have had the NCM insurance and they were very reasonable but has restrictions on use of the vehicle.
I have also had insurance with a number of other companies and the coverage terms/premiums can vary considerably.
Since there are a lot of factors that go into an insurance premium, I suggest that you contact a number of companies and see what they quote you. Just be sure to try and keep all the coverage amounts the same so you can realistically compare quotes.
I have also had insurance with a number of other companies and the coverage terms/premiums can vary considerably.
Since there are a lot of factors that go into an insurance premium, I suggest that you contact a number of companies and see what they quote you. Just be sure to try and keep all the coverage amounts the same so you can realistically compare quotes.
Racer
Joined: Mar 2016
Posts: 259
Likes: 40
From: Summerville, SC
There are a few questions to answer, do you have another car to drive, do you drive it under 6000 miles a year, do you keep it in a locked garage, if yes you win. NCM may be one of the best. 2001 hatchback, all options, drive it year round, insured for $16,500, cost $324/yr.
Burning Brakes
Joined: May 2016
Posts: 1,024
Likes: 387
From: Port Charlotte Florida
Here in southwest Florida, I pay about $550/year for full coverage on my 2000 C5 coupe with Auto Owner's Insurance. I am single, so my rate is higher than that of a married man.