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2014 C7 re-categorized by insurance industry

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Old 11-08-2014, 10:40 AM
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03SGVETTE
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Default 2014 C7 re-categorized by insurance industry

Picked up my c7 in December of 2014.
Car insurance just renewed... Bill increased by approx. $800\yr

I changed nothing.

Called geico, they told me the insurance industry re-categorized the c7 to be a sports model....or something to that effect...and that is the only reason it increased.

Similar experiences?
Old 11-08-2014, 10:47 AM
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mykl_shane
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Mine went down 1000/yr with better coverage with Amica
Old 11-08-2014, 10:49 AM
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z edge
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going from a C6 to the C7 my 6 month increase is about $125 or $250 per year. This is with State Farm, i have another vehicle with them and my house as well.
Old 11-08-2014, 10:49 AM
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robertf97
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No mine went up $80 every 6 months coming from a 05 C6. With Geico
Old 11-08-2014, 10:55 AM
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LIStingray
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Originally Posted by 03SGVETTE
Car insurance just renewed... Bill increased by approx. $800\yr
Called geico, they told me the insurance industry re-categorized the c7 to be a sports model....or something to that effect...and that is the only reason it increased.
That seems like a pretty steep increase - although I don't have Geico for my C7 - they insure my other 3 cars; when I looked to add it to my policy in March, it was only $1,080/yr, about $100 more than my 2015 Jeep GC. I live less than 10 miles east of you, so geographical rates should be similar.
Old 11-08-2014, 11:05 AM
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03SGVETTE
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Originally Posted by LIStingray
That seems like a pretty steep increase - although I don't have Geico for my C7 - they insure my other 3 cars; when I looked to add it to my policy in March, it was only $1,080/yr, about $100 more than my 2015 Jeep GC. I live less than 10 miles east of you, so geographical rates should be similar.
Thanks.... my 6 month (yes 6) premium is now $1080, i don't have a single mark on my license.... and two other cars with them.

1000 deductible....

Time to shop around and compare.

But then again, he did explain that the re-categorization of the C7 was recent and effected the entire car insurance industry, not just geico.
Old 11-08-2014, 11:19 AM
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Originally Posted by 03SGVETTE
Thanks.... my 6 month (yes 6) premium is now $1080, i don't have a single mark on my license.... and two other cars with them.

1000 deductible....

Time to shop around and compare.

But then again, he did explain that the re-categorization of the C7 was recent and effected the entire car insurance industry, not just geico.
Call State Farm and have them quote your insurance requirements.
Old 11-08-2014, 11:45 AM
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pwj155
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$574 per YEAR with the Hartford (aarp). shop around, you'll find a better rate someplace. some guys like the national corvette museum ins. what your insurance guy is telling you may or may not be true, I would verify it to be sure.
Old 11-08-2014, 11:53 AM
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New quote for today. 2015 C7. USAA in Missouri, $644 per year, pretty max coverage and minimum deductibles.

Last edited by BIC; 11-08-2014 at 11:55 AM.
Old 11-08-2014, 12:29 PM
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SCOTSTERN
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The NCM quote for my new 2015 for 3,000 miles per year was $589. It was so much lower that it concerned me as to weather it was for real in terms of coverage. The most expensive quote that I got was less than $1,000 per year.
Old 11-08-2014, 12:42 PM
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While not a C7, my 2012 GS is $400 per year cheaper to insure than my 2012 Honda Civic, with each having the same maximum available coverage. Total insurance for these two cars plus a 2104 BMW 335i is $1,800 per year. We are with Allstate.

Old 11-08-2014, 12:50 PM
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Glen e
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Jut ran a progressive detailed quote - no change from my $500 Geico 6 month payment I have now...could this change just affect certain ages or locales?
Old 11-08-2014, 12:51 PM
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Originally Posted by 03SGVETTE
Thanks.... my 6 month (yes 6) premium is now $1080, i don't have a single mark on my license.... and two other cars with them.

1000 deductible....

Time to shop around and compare.

But then again, he did explain that the re-categorization of the C7 was recent and effected the entire car insurance industry, not just geico.
If he said that to me, I'd figure he said it so I wouldn't bother shopping around. The Corvette re-catagorized, and just now? So in the last 60 years they only just figured out it's a sports car? I doubt that.

Hey anything's possible, but I'd definitely get some new quotes.
Old 11-08-2014, 02:11 PM
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No significant change from my C6 policy with Progressive. Insurance cost varies greatly depending on many factors.
Old 11-08-2014, 02:13 PM
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Originally Posted by 03SGVETTE
Picked up my c7 in December of 2014.
Car insurance just renewed... Bill increased by approx. $800\yr

I changed nothing.

Called geico, they told me the insurance industry re-categorized the c7 to be a sports model....or something to that effect...and that is the only reason it increased.

Similar experiences?
Got the same thing from Geico...they just don't like Corvettes!
Old 11-08-2014, 02:28 PM
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CRABBYJ
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State Farm $100 deduct comp, $500 deduct collision, 100k/300k liability/uninsured. 6 mos renewals on '14 C7, Philly, PA area. Renewed 3/14 then again 9/14.

So mine only increased on 9/14 for 6mos - $12.74 or $25.48 annually.

If that story from Gieco is followed in the insurance industry, maybe they'll get me next Spring.

Last edited by CRABBYJ; 11-08-2014 at 03:14 PM.
Old 11-08-2014, 02:50 PM
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Originally Posted by SCOTSTERN
The NCM quote for my new 2015 for 3,000 miles per year was $589. It was so much lower that it concerned me as to weather it was for real in terms of coverage. The most expensive quote that I got was less than $1,000 per year.
From what I've read on this forum, NCM is not "real" insurance, it's more for lightly driven collector/antique type cars.

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To 2014 C7 re-categorized by insurance industry

Old 11-08-2014, 02:51 PM
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Originally Posted by metal
Got the same thing from Geico...they just don't like Corvettes!
Although Corvettes are reasonable, USAA doesn't like motorcycles.
Old 11-08-2014, 05:56 PM
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Farm bureau

From 12 gt500 to 14 c7 z51 6 month went up $20
Old 11-08-2014, 06:04 PM
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Originally Posted by 03SGVETTE
Picked up my c7 in December of 2014.
Car insurance just renewed... Bill increased by approx. $800\yr

I changed nothing.

Called geico, they told me the insurance industry re-categorized the c7 to be a sports model....or something to that effect...and that is the only reason it increased.

Similar experiences?
Yes. That's not unusual at all.

Geico either saw something they liked, or didn't like to raise your rate by "$800\yr." The C7 is a very pricey, very high-performance car to let it ride @ low-rates for very long.


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