Insurance Cost???
Thread Starter
HOOK-EM HORNS
Joined: Aug 2006
Posts: 3,517
Likes: 842
From: Port Aransas, Texas Tx
St. Jude Donor '08
Insurance Cost???
GEICO charging me $1100 yearly for my new 2016 Z51. It seems OK but how does this compare to others.
Thanks Paul
68 years, 800 plus fica, clean driving record, $501 deduct.
Unlimited miles, book value.
I can't find any cheaper in Texas.
Thanks Paul
68 years, 800 plus fica, clean driving record, $501 deduct.
Unlimited miles, book value.
I can't find any cheaper in Texas.
Last edited by TEXASRANGER; Nov 14, 2015 at 02:45 PM.
Burning Brakes
Joined: Jan 2007
Posts: 1,085
Likes: 63
I'm in CA, 32, male, unmarried, perfect driving record and quoted almost $2100 a year from State Farm. Current 4-door Lexus is $1,620 a year 
They're actually cheaper than 3 other companies I got quotes from. Normal coverage, $1,000 deductible.
They're actually cheaper than 3 other companies I got quotes from. Normal coverage, $1,000 deductible.
Last edited by 95bat; Nov 14, 2015 at 11:19 AM.
Melting Slicks
Joined: Dec 2005
Posts: 2,017
Likes: 169
From: SE VA VA
IIRC from similar threads, not unreasonable.
given variables like age, location, marital startus, coverage amount, driving record, credit record, multiple policy discounts, multiple vehicle discounts and all the other things ins. co.s factor... makes it tough to compare against other people.
is it in line with quotes for you've gotten from other companies?
given variables like age, location, marital startus, coverage amount, driving record, credit record, multiple policy discounts, multiple vehicle discounts and all the other things ins. co.s factor... makes it tough to compare against other people.
is it in line with quotes for you've gotten from other companies?
Burning Brakes
Joined: Sep 2015
Posts: 1,037
Likes: 384
From: Williamsburg VA
Check out NCM agency which is part of the "National Corvette Museum" - they use American Modern as the insurance company.
Low annual mileage = meaning not a "daily driver" = new standard coupe vette can be insured for $500,000 liability and agreed value Phys Dam for slightly less than $700 - annually!!
As a former insurance guy myself, I suggest buying agreed value Phys Dam on a high value vehicle vs. the standard "depreciated value" type of coverage.
Z51 or Z06 models probably a bit higher for both Liab and Phys Dam.
I live near Savannah GA and have a clean MVR.
They require you to show proof of insurance for your daily driver.
Compare that to USAA that quoted me $1,800 and then gave me another quote with a specialty carrier and they were $1,200.
Easy decision to go with a specialty company that understands.
Low annual mileage = meaning not a "daily driver" = new standard coupe vette can be insured for $500,000 liability and agreed value Phys Dam for slightly less than $700 - annually!!
As a former insurance guy myself, I suggest buying agreed value Phys Dam on a high value vehicle vs. the standard "depreciated value" type of coverage.
Z51 or Z06 models probably a bit higher for both Liab and Phys Dam.
I live near Savannah GA and have a clean MVR.
They require you to show proof of insurance for your daily driver.
Compare that to USAA that quoted me $1,800 and then gave me another quote with a specialty carrier and they were $1,200.
Easy decision to go with a specialty company that understands.
Team Owner
Joined: Apr 2005
Posts: 35,769
Likes: 148
From: Northern NYs Adirondack Mountains,http://www.visitsacandaga.com.
Well I pay under a thousand for very good all year coverage for my now 15 Z51 Vert. That is about the same that I paid for my 07 Z06 for the last few years.
FWIW I have two other vehicles with that company and my total bill is $2100 (14 SUV & 10 4x4 pickup)
I live quite rural in Northern NY (now age 70)l and most companies charge varies depending on where you live and YOUR DRIVING RECORD!
FWIW I have two other vehicles with that company and my total bill is $2100 (14 SUV & 10 4x4 pickup)
I live quite rural in Northern NY (now age 70)l and most companies charge varies depending on where you live and YOUR DRIVING RECORD!
Drifting
Joined: May 2003
Posts: 1,755
Likes: 97
From: Sandy Utah
I am insured by NCM (Adam Bocca) with NON daily driver policy that allows 3000 miles per year and a guaranteed value, $500 ded comp and col. I have a Z51 coupe w/ chrome wheels, painted calipers, 8 spd, exposed carbon fiber roof, and others. Just over $600 per yr. I had this same policy on my C5 and was paying $260 per yr. Check them out. 
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Every 2027 Corvette Engine Explained
Joe Kucinski
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Verdad Gallardo
10 Ugly Corvettes That We Still Kinda Love
Joe Kucinski
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Team Owner
Joined: Apr 2005
Posts: 35,769
Likes: 148
From: Northern NYs Adirondack Mountains,http://www.visitsacandaga.com.
Where I live on the big lake other than summer weekends we have more deer than people up here. Its not if you will hit a deer its when.
Instructor
Joined: Jul 2006
Posts: 112
Likes: 8
From: Kansas City MO
AAA in MO quoted me 900 and that was for 1000 deductible and as a third vehicle, but mileage is not limited, told them to expect 12-15,000
2015 sierra denali and 2015 yukon denali are about 500 a year for each, think 470 on one and 520 on the other. I am 47 with good driving record.
Something other than your location, deductible, and driving record that is a huge factor is credit score. I think it makes up about 30% of the basis of the premium.
2015 sierra denali and 2015 yukon denali are about 500 a year for each, think 470 on one and 520 on the other. I am 47 with good driving record.
Something other than your location, deductible, and driving record that is a huge factor is credit score. I think it makes up about 30% of the basis of the premium.
Team Owner
Joined: Jan 2007
Posts: 29,065
Likes: 1,839
From: cookeville tennessee
Burning Brakes
Joined: Apr 2011
Posts: 975
Likes: 108
From: Phoenix, AZ
:[QUOTE=mtaxman;1590903262]Check out NCM agency which is part of the "National Corvette Museum" - they use American Modern as the insurance company.
Low annual mileage = meaning not a "daily driver" = new standard coupe vette can be insured for $500,000 liability and agreed value Phys Dam for slightly less than $700 - annually!!
As a former insurance guy myself, I suggest buying agreed value Phys Dam on a high value vehicle vs. the standard "depreciated value" type of coverage.
I elected to go with NCM. My policy decision limits driving to 6K miles/yr, so it is not a daily driver, but the annual premium is $465. 2015 Z51 Coupe, 1LT
When I checked into NCM insurance last year, three mileage tiers, 3K, 6K, and unlimited were available. The difference in the insurance premium between 3K and 6K miles was negligible. It is an easy inquiry.
Low annual mileage = meaning not a "daily driver" = new standard coupe vette can be insured for $500,000 liability and agreed value Phys Dam for slightly less than $700 - annually!!
As a former insurance guy myself, I suggest buying agreed value Phys Dam on a high value vehicle vs. the standard "depreciated value" type of coverage.
I elected to go with NCM. My policy decision limits driving to 6K miles/yr, so it is not a daily driver, but the annual premium is $465. 2015 Z51 Coupe, 1LT
When I checked into NCM insurance last year, three mileage tiers, 3K, 6K, and unlimited were available. The difference in the insurance premium between 3K and 6K miles was negligible. It is an easy inquiry.
Last edited by bhk2; Nov 14, 2015 at 02:27 PM.
Team Owner
Joined: May 2004
Posts: 31,802
Likes: 2,423
From: DFW/Long Island
Burning Brakes
Joined: Sep 2015
Posts: 1,037
Likes: 384
From: Williamsburg VA
Once more - get agreed value Physical Damage cover...I doubt any of the standard carriers mentioned in this thread are giving you that. With agreed value YOU determine what you get paid if your car is damaged or totaled - not the insurance company.
You can still take a larger deductible of, say. $1,000.
If you spend $75K or more on your vette do you really want the company to tell you its worth just $60 or 55k two years later?
I'm paying $70K for mine and its insured day 1 and day 365 for $70K - not an insurance company's idea of what its worth after I drive it off the lot or 12 months later.
Talk to your agent or telephone customer service rep.
You can still take a larger deductible of, say. $1,000.
If you spend $75K or more on your vette do you really want the company to tell you its worth just $60 or 55k two years later?
I'm paying $70K for mine and its insured day 1 and day 365 for $70K - not an insurance company's idea of what its worth after I drive it off the lot or 12 months later.
Talk to your agent or telephone customer service rep.