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I’ve edited my post for readability… it’s possible that no more “ordinary private passenger vehicles” will be street legal, IF they have a steering wheel. I imagine pre-existing vehicles will be legal under a “grandfather clause”.
I hope this makes my point clear… the legislation concerning autonomous vehicles may kill the corvette.
I think very few Corvette owners are track rats. Don't really get your reasoning.
I would bet less than 5% of owners take their cars to the track and even less than that who do it on a regular basis.
I am wary that going ME with no FE option will being in enough new to withstand the abandonment by current owners. Myself included. Insurance is gonna be through the roof for years. Even the base will be considered an "exotic" and double the premiums. Mark my words.
I would bet less than 5% of owners take their cars to the track and even less than that who do it on a regular basis.
I am wary that going ME with no FE option will being in enough new to withstand the abandonment by current owners. Myself included. Insurance is gonna be through the roof for years. Even the base will be considered an "exotic" and double the premiums. Mark my words.
I respectfully disagree -- Chevy Corvette Team as worked closely with the Insurance companies to ensure they are insurable at a low cost -- starting with the Beautiful C4
I respectfully disagree -- Chevy Corvette Team as worked closely with the Insurance companies to ensure they are insurable at a low cost -- starting with the Beautiful C4
Not the way I heard it. The insurance companies did not like replacing the C4's huge, expensive, clamshell hood in a simple frontal fender bender. One of the appeals of the C5 and C6 was the reduction in the costs to insure them.
Are you one of the 5% that has your Corvette on a track? Or the bulk of Corvette owners that don't track their Corvettes.
If one of the 5%, then you should know that the insurance companies drop your coverage the moment you get on the track. State Farm won't cover me driving around Talladega or Hallett, so If I hit the wall, or another Corvette, guess who is going to repair/replace my C6 Z06? It won't be State Farm.
There are specialty insurance companies that will insure you while on the track. I suggest that you contact them and see just what it cost to cover you for a single day on the track. Not $2.25 like it costs me to insure my C6 Z06 to drive on the street each day.
Any insurance professionals want to weigh in on this?
I'm no insurance pro, but I did have a lengthy discussion with my long time agent regarding the rates I pay to insure my C7, which are surprisingly low. The reason for that is the conservative/prudent driving habits of the Corvette owner demographic - which is somewhat AARP (I think the average owner age is 60-ish). 60 year olds (I think they are 90% male for the Corvette) don't crash their cars nearly as much as 20-50 year olds: more experienced drivers, and older people are just more careful. So you can get upset about the 'negative' image this projects to the world at large (um, who CARES, I don't) or look @ the bright side: your insurance rates are far more affordable because of this long-observed and (more importantly) acknowledged-by-insurance-companies phenomena.
Not for me. Think there are plenty of Corvette owners that are happy it’s coming. Sure you’ll lose a few but you’ll gain some too.
GM's calculus is likely that the ones they will lose, they will be losing anyway for reasons beyond the car itself. They're looking to replace them or put those people into something else.
Last edited by Dominic Sorresso; 02-04-2019 at 10:14 AM.
I'm no insurance pro, but I did have a lengthy discussion with my long time agent regarding the rates I pay to insure my C7, which are surprisingly low. The reason for that is the conservative/prudent driving habits of the Corvette owner demographic - which is somewhat AARP (I think the average owner age is 60-ish). 60 year olds (I think they are 90% male for the Corvette) don't crash their cars nearly as much as 20-50 year olds: more experienced drivers, and older people are just more careful. So you can get upset about the 'negative' image this projects to the world at large (um, who CARES, I don't) or look @ the bright side: your insurance rates are far more affordable because of this long-observed and (more importantly) acknowledged-by-insurance-companies phenomena.
Relax and enjoy it, and drive your cars.
No question that the rates to insure a new Vette are low, much lower that a Mustang.
But the origional post was that the C8 will raise the cost of insurance. I was just wondering if any insurance pros could confirm or deny this.
I seriously doubt it will significantly affect rates. The older than average age of the Corvette demographic pushes rates down, coupled with lower than average usage (lower exposure), and lower than average claims rate. I don't expect the ME to be much different.
Not the way I heard it. The insurance companies did not like replacing the C4's huge, expensive, clamshell hood in a simple frontal fender bender. One of the appeals of the C5 and C6 was the reduction in the costs to insure them.
Are you one of the 5% that has your Corvette on a track? Or the bulk of Corvette owners that don't track their Corvettes.
If one of the 5%, then you should know that the insurance companies drop your coverage the moment you get on the track. State Farm won't cover me driving around Talladega or Hallett, so If I hit the wall, or another Corvette, guess who is going to repair/replace my C6 Z06? It won't be State Farm.
There are specialty insurance companies that will insure you while on the track. I suggest that you contact them and see just what it cost to cover you for a single day on the track. Not $2.25 like it costs me to insure my C6 Z06 to drive on the street each day.
That is why I said Starting with the C4 -- That Clam Shell did a lot for Corvette going forward.
And NO I don't track mine... don't know where you got that idea.
They didn't take $7000 federal funds to buy them. All the Hollywood types buying Teslas are fine - on their own dime.
If they pay an annual tax for the roads and brides they use, which on average should be $250 to $300/year
If they pay for what the extra capacity electric utilities will be forced to add to manage peak power demand when it's cloudy or like LA for the past 2 days where it rained so heavy here was no power coming from all those "solar cells!"
Don't see why those are public subsidized activities, especially with our current national debt.
If we continue to subsidize EV's and have our power bill increase significantly for all the new capacity electric utilities will have to add for delivering power on "rainy days," I believe we all will be driving what I saw on my last trip to Beijing! Yep it was 80% battery powered vehicles- all bicycles!
It's absolutely unfair for EVs to get a free ride, and that reminds me of another gas tax issue. Our highways are falling apart because the mechanism for federal funding of highways is going underwater.
The United States federal tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. It was last raised in 1993 and is not indexed to inflation. It was 18.4 cents a gallon when the average cost of gasoline was $1, and it's still 18.4 cent a gallon with gasoline at today's price near $3 per gallon.
Average mpg has increased significantly since 1993 so that's a lot less money going into the Highway Trust Fund. Major highways are crumbling because there simply isn't adequate funding to fix them.
^^^ But where does every dollar that IS collected go? Is it solely used for our interstate highways and bridges? The answer is, no. Where is/are the matching state funds to keep up the "feeder" roads and highways that are far more numerous? It isn't there in sufficient dollars because the money's being used "for other programs."
They didn't take $7000 federal funds to buy them. All the Hollywood types buying Teslas are fine - on their own dime.
If they pay an annual tax for the roads and brides they use, which on average should be $250 to $300/year
If they pay for what the extra capacity electric utilities will be forced to add to manage peak power demand when it's cloudy or like LA for the past 2 days where it rained so heavy here was no power coming from all those "solar cells!"
Don't see why those are public subsidized activities, especially with our current national debt.
If we continue to subsidize EV's and have our power bill increase significantly for all the new capacity electric utilities will have to add for delivering power on "rainy days," I believe we all will be driving what I saw on my last trip to Beijing! Yep it was 80% battery powered vehicles- all bicycles!
Just going to play devil's advocate here, but what about oil subsidies, direct and indirect? What do you suppose gas would cost if it was taxed to pay for all of our mideast military actions and the foreign aid to prop up friendly (not really) regimes?
Last edited by Zaro Tundov; 02-06-2019 at 09:02 AM.
Just going to play devil's advocate here, but what about oil subsidies, direct and indirect? What do you suppose gas would cost if it was taxed to pay for all of our mideast military actions and the foreign aid to prop up friendly (not really) regimes?
Thank u for calling out corporate welfare. Most expensive part of “ entitllements”.
02-03-2019, 07:52 PM
