ojm

Is it likely to be the same as the C7, I can manage to buy a C8 likely but the insurance has to be in line.

Steve Garrett

No



One



Knows.....

fasttoys

My preowned R8 that had a higher value than my Z06 was less expensive. It all depends. At first it will follow the previous generation which is the C7. Then after a while will fall in line based off repair cost. They will look at everything what a bumper replacement cost and so on when they figure out the premiums.

ojm

Cabin fever waiting.

GCD1962

Somewhat based on the cost of the car

ojm

Thanks.

Red67John

If you have to ask... you can’t afford it. ��

rgregory

Insurance is all about what gets wrecked. Years ago when I had geico they dropped me because of my 68 camaro when I had a new 2000 Vette at the time.

Currently I had bought a 2013 CTS coupe and for full coverage they wanted within $5 a month what I pay on my 2004 Gallardo for full coverage. I paid only $8700 for the CTS so hell no.

TFen

I’m probably gonna take **** for this but if you can’t afford another few hundred bucks a month +/- on insurance, you probably shouldn’t be buying a brand new sports car.

Not trying to be a dick just hoping I can help someone learn from my mistakes.

ojm

Maybe, but who in this forum can afford to write a blank check. I may buy a toy but to a limit.

I will pay more but only so much seems a logical plan.

Plexoer

Not necessarily true. Some of us just don't like throwing money away for something we will hopefully never use.

TFen

That may be, but insurance comes with the territory if you’re wanting to “use” a brand new sports car.

And if if that’s a big consideration, or a possible deal breaker, it would be wise to wait a few years before the insurance companies have some data on the new model and their rates adjust accordingly.

A friend of mine, fresh out of college, bought one of the first Subaru BRZ’s in the area. He was delighted at the ridiculously low insurance rates, much less than the Civic he was also considering at the time. The low insurance rate was actually his deciding factor, as it allowed him to get into the car for a similar monthly cost as the Civic.

Imagine his shock as his rates increased by almost double the following year after the insurance companies started to gather data on that model.

Point being, if you’re that close to your budget on something (whether it being the case of not being able to afford it or simply not wanting to spend the money) you should probably think twice before pulling the trigger.

Again, just my advice.

TXshaggy

Close to a similarly equipped C7. Couple years back went from a C5Z to C7Z and difference wasn’t that great. I pay more for my LX.

What do you drive now?

z edge

I can remember a nice surprise when i traded my 02 Trans Am in on a new Corvette back in 2004 and my insurance was actually a bit lower....probably had something to do with a lot of kids had TA's and they were a higher risk car

Red67John

In general, the primary factors of vehicle insurance costs are:

1. You - your age, your sex, your driving record, your claims history;
2. The Vehicle - it’s replacement value, historical data on repair costs, the theft rate of the vehicle, and yes the horsepower of the specific model;
3. Location - the theft and crash data for your zip code or for your metro area, and even the carrier’s claims experience with natural disasters like floods, and now wildfires, in your region;
4. Vehicle use - is it your daily driver or only for “pleasure,” and the miles driven annually; and,
5. Levels of coverages you choose.

i joked before about, “if you have to ask...,” but if you’re now driving a C6 or C7, and the only factor changing is the car itself, the cost of a C8 will go up, somehow relevant to the increased value of the new car.

For what Corvette owners spend for insurance, it makes sense to shop around, just like for the car. We recently switched insurers, based in part on the annual cost, and in part on our overall experience with the agent and the company. We currently bundle all of our cars and our house with a major carrier and we reduced our premiums just by shopping around. Even our home alarm system now gets us a discount that actually pays the monthly alarm monitoring fees. I know a lot of guys who insure their vintage Corvettes through the Museum or Haggerty, but after shopping them too, even my ‘67 is in our new bundle with “stated value” coverage.

Kenny94945

Here's a guess.
At release the C8 rates will be based on the C7.
But after a year of claims the rate will increase/ not decrease.

Look to Mer Benz AMG cars in their first release year and following year.

jcp911s

If you go through the details on your policy, you'll find that largest premiums have to do with 3rd party liability, uninsured motorist, etc... basically they're worried about getting sued for $250K by some ambulance chaser for "soft tissue" damage. You can incur that in a $2,000 hoopie or a Ferrari. This premium isn;t about how much your car cost... its about how much you can afford to lose...

I max out my liability at $500K, because if some A**hole" sues me, they are actually suing the Insurance company... its a couple hundred a year worth of piece of mind.

The actual cost of the car isn't that important.... most "accidents" result in $3-5K fender-benders, and it costs as much to replace the bumpers and fenders on a Honda as it does on a Corvette. Actually, changing your deductable has a significant impact on your premiom.

Yarbie

Insurance will be expensive just for the fact the car will have issues for a while and parts will be very expensive for a while.

ojm

Mustang gt and a few others, average cost around 1800 Canadian..

jcp911s

My '98 Ford F250 cost $980/yr, my wife's 2011 BMW 328i Conv was about $950, and my 2016 Z51 cost $1050/yr. Philly suburbs.

Cost of the car isn't that important.

BTW, if your late model sportscar is a purely "recreational" vehicle, some "collector" car insurance companies may cover it.

I have several Porsches and a Corvette covered by American Modern. These are agreed mileage, agreed price, and agreed deductible policies. You must have a primary vehicle for each driver, and have a locked storage space.

For example, my 71 C3 has agreed value of $22K, 5K mileage, and $1K deductible. I always take $500K of liability on all my cars. It runs about $250/yr. For a nice weather toy, may be worth looking into.