Insurance prices?
10-11-2017, 08:29 PM
#21
Drifting
I will update since my notice came in the mail today
For my Vette it is 314 every six months. All 3 of our vehicles at 1600 per year and that is with 250 500 100 coverage with 500 deductible
Farm Bureau Insurance
For my Vette it is 314 every six months. All 3 of our vehicles at 1600 per year and that is with 250 500 100 coverage with 500 deductible
Farm Bureau Insurance
10-12-2017, 06:44 AM
#22
Team Owner
Thank's all for the replies! I talked to my SF agent again this morning, and it seems that Pasco is actually higher than the Clearwater area, they say it's because of the amount of accidents on the highways. I don't think I believe that. For every car that has an accident on 75, there has got to be 100,000 cars that don't have one. It looks like I need to do a bit of shopping around. I've had them check and double check and that's their number. It's actually about $700 a year HIGHER as a secondary vehicle than my primary vehicle with similar coverage and a similar replacement value. Thankfully, I have about 6 months to figure this mess out, but it's nice to start budgeting now.
-Pete
-Pete
Good luck.
10-16-2017, 12:05 PM
#23
Burning Brakes
Thread Starter
Pete, why wait 6 months? I would shop.....find a better rate....and move that car elsewhere. Let us know how we can help.
Adam Boca
www.ncminsurance.com
877.678.7626
Adam Boca
www.ncminsurance.com
877.678.7626
I need to wait until I sell my Harley and see how things go with taxes and EOY bonuses which come out late in the 1st quarter before I consider buying a Corvette.
I will definitely keep you in mind when the time is right, thank you!
10-16-2017, 12:38 PM
#24
Race Director
Part of it is living in Florida. When I moved to NC from FL, my insurance dropped by over half.
The other part is that insurance for C6s is going up. As the cars age, the younger or more reckless drivers can afford them, and they usually wreck them. It's still not as bad as insurance for a nissan Z car or my Subaru STI was, but there has been a dramatic increase in insurance costs for these cars.
The low insurance costs were a big part of the value prop of the C6 for me. That is rapidly eroding. If something were to happen to my car, that is one of the factors that would cause me not to replace it with another Corvette.
The other part is that insurance for C6s is going up. As the cars age, the younger or more reckless drivers can afford them, and they usually wreck them. It's still not as bad as insurance for a nissan Z car or my Subaru STI was, but there has been a dramatic increase in insurance costs for these cars.
The low insurance costs were a big part of the value prop of the C6 for me. That is rapidly eroding. If something were to happen to my car, that is one of the factors that would cause me not to replace it with another Corvette.
10-16-2017, 11:06 PM
#25
Le Mans Master
Pete, State Farm has some of the highest rates in the nation. You need to get rid of them, yesterday!
I am in Las Vegas, and was 66 when I bought my '08 Vette. Prior to tht, I was driving an '01 Silverado, and SF was charging me $2,000 per year. I got a quote of $2300 for the Corvette. Went to GEICO and got the same coverage, plus accident forgiveness for $1100 per year.
I am in Las Vegas, and was 66 when I bought my '08 Vette. Prior to tht, I was driving an '01 Silverado, and SF was charging me $2,000 per year. I got a quote of $2300 for the Corvette. Went to GEICO and got the same coverage, plus accident forgiveness for $1100 per year.
10-17-2017, 10:02 AM
#26
Safety Car
Member Since: Aug 2006
Location: Port St. Lucie West Florida
Posts: 4,115
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Living on the east coast of Florida, I’m paying $916 for everything including $500 deductible with a multi car discount. My agent said it depends on what area you live in. He did say if it was Miami then the insurance would almost double
10-17-2017, 10:26 AM
#27
Burning Brakes
$600.00 per year with Hagerty. Unlimited mileage with full coverage. Recently found out it can vary depending on where you live. Also if you don't have a good agent they will incorrectly qoute you on a price. I just added an 02 T Bird to my policy and was originally quoted at $1150.00 per year. Called up my agent and told her this can't be right as my Vette is much less. It was corrected down to $535.00 per year. She said they have hired a lot of inexperienced people from other insurance companies who don't know how the system works with Hagerty.
11-07-2017, 12:21 PM
#30
Racer
check with Adam Boca at the National Corvette Museum..........
http://ncminsurance.com/tag/adam-boca/
well worth your time and effort to see what they can offer you.........
http://ncminsurance.com/tag/adam-boca/
well worth your time and effort to see what they can offer you.........
11-07-2017, 12:49 PM
#31
Instructor
My goodness your coverage is pretty poor for what you pay.
I wouldn't even consider only 300k coverage, what you pay seems very high. I pay 812 for 8 month and 120 for winter storage, and thats with
250 deductible and 3mil coverage for public liability and property damage.
I wouldn't even consider only 300k coverage, what you pay seems very high. I pay 812 for 8 month and 120 for winter storage, and thats with
250 deductible and 3mil coverage for public liability and property damage.
11-07-2017, 01:25 PM
#32
Race Director
Member Since: May 2006
Location: SOFLA
Posts: 12,973
Received 1,013 Likes
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599 Posts
2016 Corvette of Year
2015 C6 of Year Finalist
Since it is your 2nd vehicle check out Haggerty or National corvette museum insurance.
I pay $526 a year with agreed value. I am limited to 6000 miles a year and don't do that anyway. Also need proof of 2nd vehicle.
I pay $526 a year with agreed value. I am limited to 6000 miles a year and don't do that anyway. Also need proof of 2nd vehicle.
11-07-2017, 01:40 PM
#33
Instructor
Hagerty insured my C3 for $370 a year with high dollar coverage and I live in one of Florida's counties known for notoriously high insurance rates. Wish I could get coverage this affordable on my other 3 cars and my bike. They just went up to $570 a month with Nationwide. What a rip.
11-07-2017, 01:51 PM
#34
Race Director
Member Since: Mar 2011
Location: SW Florida
Posts: 13,249
Received 3,066 Likes
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2021 C6 of the Year Finalist - Modified
Florida
Veh# 01) 2011 Corvette GS
$293 / 6-mo
Veh# 03) 2013 Hyundai Sonata
$246 / 6-mo
$250 Deductable Comp / $500 Deductable Collision on both
.
Veh# 01) 2011 Corvette GS
$293 / 6-mo
Veh# 03) 2013 Hyundai Sonata
$246 / 6-mo
$250 Deductable Comp / $500 Deductable Collision on both
.
Last edited by Turbo6TA; 11-07-2017 at 01:56 PM.
11-07-2017, 01:53 PM
#35
Race Director
My total for 6 vehicles is ~$1,750 per year. That is for liability, including a 427 Convertible. When I added the Corvette, I got a $9 CREDIT on my insurance. I guess because of a multi-car discount. I have almost $1,500 in discounts.
Maybe my low rate is because I'm an old man living in Alabama?
By having only liability, I'm sure I've saved enough to pay for the 427 Convertible by now. Knock on wood!
This policy includes two young people with speeding tickets. Mine is about half of theirs.
Maybe my low rate is because I'm an old man living in Alabama?
By having only liability, I'm sure I've saved enough to pay for the 427 Convertible by now. Knock on wood!
This policy includes two young people with speeding tickets. Mine is about half of theirs.
Last edited by Tonylmiller; 11-07-2017 at 03:18 PM.
11-07-2017, 02:02 PM
#36
I'm 46. Washington DC/Baltimore metro area. 2011 convertible $1100 year with full coverage and small deductibles.
11-07-2017, 02:37 PM
#37
Senior Member since 1492
2003 Rubicon
2011 Grand Cherokee Limited
2011 Grand cherokee Laredo
2011 GS
$146/month, $500 ded, Erie
2011 Grand Cherokee Limited
2011 Grand cherokee Laredo
2011 GS
$146/month, $500 ded, Erie
11-07-2017, 02:55 PM
#39
Le Mans Master
Member Since: Nov 2007
Location: Wilkes-Barre Pa
Posts: 5,860
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8 years ago State Farm tried to double my rate to about $1500/yr simply because I moved. I immediately switched to Erie and have been paying around $450/yr since for the same coverage you were quoted. I'm now 38 with clean record. I don't think Erie is available in Florida but Geico was competitive when I last compared prices about 2yrs ago.
