C8 Insurance
Drifting
Joined: Jul 2012
Posts: 1,270
Likes: 278
From: Kiln MS
IMO it depends on the state you live your driving history your credit history and if you bundle homeowners with the coverage. Insurance companies are raking most of the public over the coals due to major losses across the country. Fires in California and Hawaii. Auto theft in major cities and the rising cost of construction due to inflation. State Farm and a few other major insurers are pulling out of California completely. And we can expect other Gulf Coast states to receive the same treatment soon. Insurance companies are in business to make money not pay claims. And until inflation comes down and states start getting tougher on theft most of the country will pay to keep the profits flowing to insurers. Period!
Instructor
Joined: Mar 2022
Posts: 180
Likes: 205
From: Jacksonville, FL
As others have mentioned, NCM does offer several Discount categories. I've had numerous Corvettes and other fun cars insured through them over the years. I just pulled my Policy Declarations Page out and these are the Discounts that are currently applied to my two C8s. I always deal directly with the folks in Bowling Green and they've alway been very pleasant and helpful. If you qualify for some of these discounts you might want to give them a call and see if they apply to your situation. For my mostly stock 23 Z51 MagRide Front Lift Coupe I pay $667/yr (3000 mi. is the agreed yearly mileage), but mileage can roll over to the following year if you don't use all of it; or they can charge you for additional mileage (no penalty) if you do run over. Not a problem.
Policy Discounts:
Prior Insurance Discount
Ultra Preferred Customer
Homeowner Discount
Advance Quote Discount
Paid in Full Discount
Loyalty Discount
Multi-Vehicle Discount
Driver Discounts:
Violation Free Discount
Association Discount (NCRS)
Vehicle Discounts:
Entry Deterrent Discount
Anti-theft - Passive Alarm
Anti-theft - Passive Disabling Device
Anti-theft - Vehicle Recovery/Tracking System
Local Fire Protection & Burglar Alarm Discount
Entry Deterrent Discount
Policy Discounts:
Prior Insurance Discount
Ultra Preferred Customer
Homeowner Discount
Advance Quote Discount
Paid in Full Discount
Loyalty Discount
Multi-Vehicle Discount
Driver Discounts:
Violation Free Discount
Association Discount (NCRS)
Vehicle Discounts:
Entry Deterrent Discount
Anti-theft - Passive Alarm
Anti-theft - Passive Disabling Device
Anti-theft - Vehicle Recovery/Tracking System
Local Fire Protection & Burglar Alarm Discount
Entry Deterrent Discount
Last edited by Jake007; Mar 26, 2024 at 06:20 PM.
Instructor
Joined: Jan 2013
Posts: 115
Likes: 55
From: Newark, DE
I'm with State Farm and will be moving from base C6 to Z06 C8. My rate will double. I'd hate to move on as a 50 year customer with State Farm. An issue to think about is your umbrella policy since State Farm requires all insurance to be with them to purchase an umbrella policy. I'm not sure if other insurance companies require this.
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
I don't believe NCM is the insurer. They use several different companies depending on where the car is registered among other factors.
I was with USAA for almost 45 years but switched to Erie 3 years ago when USAA rates were no longer competitive for auto, home or umbrella. I kept a personal articles policy, I e. jewelry to retain my annual and senior rebates. YMMV
I was with USAA for almost 45 years but switched to Erie 3 years ago when USAA rates were no longer competitive for auto, home or umbrella. I kept a personal articles policy, I e. jewelry to retain my annual and senior rebates. YMMV
Le Mans Master
Joined: Aug 2015
Posts: 8,243
Likes: 4,617
From: Southwest Florida
I'm with State Farm and will be moving from base C6 to Z06 C8. My rate will double. I'd hate to move on as a 50 year customer with State Farm. An issue to think about is your umbrella policy since State Farm requires all insurance to be with them to purchase an umbrella policy. I'm not sure if other insurance companies require this.
Le Mans Master
Joined: Mar 2001
Posts: 8,472
Likes: 3,970
From: Omaha
2020 Corvette of the Year Finalist (performance mods)
C4 of Year Winner (performance mods) 2019
Burning Brakes
Joined: Aug 2023
Posts: 1,031
Likes: 852
From: West NY
I'm with State Farm and will be moving from base C6 to Z06 C8. My rate will double. I'd hate to move on as a 50 year customer with State Farm. An issue to think about is your umbrella policy since State Farm requires all insurance to be with them to purchase an umbrella policy. I'm not sure if other insurance companies require this.
My 2024 $82,000 Stingray is a tic above $1,000 to fully insure with $1,000 deductible annually. State Farm.
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CF Community Team
Joined: Nov 2005
Posts: 5,244
Likes: 2,887
From: Charlotte N.C.
Not sure… $1k deductible full coverage, we have three vehicles plus two motorcycles on a separate policy. I’m 67 years old but a half dozen years ago I lost my license over a speeding ticket. At the time I had GIECO, I had had them for everything including homeowners for over 40 years and they doubled the rates on the six vehicles I had at the time with absolutely no discussion so I switched to Flo who was cheaper than GIECO before the ticket.
Last edited by EvanD; Jun 24, 2024 at 07:25 PM.
Le Mans Master
Joined: Feb 2005
Posts: 6,912
Likes: 1,425
From: Any City USA
Melting Slicks
Joined: Mar 2000
Posts: 2,129
Likes: 737
From: East Coast, USA
I just got my new insurance policy for my 2024 which I just bought and the 2024 C8 is only $922/yr. Strangely my wife's 2021 Camaro 2SS convertible costs $1995/yr. There is also a Ford Edge on our policy for $717/yr. Our 16 year old son is also on the policy for all cars so it would be even less if he wasn't on. My son only drives the Edge but he is not excluded from the other vehicles.
Instructor
Joined: Jan 2013
Posts: 115
Likes: 55
From: Newark, DE
My C6, my Impala and my wife's Equinox with State Farm in Delaware doubled in 2-3 years for no reason as well. No tickets or at-fault accidents. Agent said state was approving increases every quarter based on claims due to expense of repairs, parts and seriousness of accidents due to post COVID reckless driving.
Melting Slicks
Joined: Oct 2013
Posts: 2,154
Likes: 296
From: Hill Country, Texas
I had NCM on my 23 for a lot less than quoted by State Farm. After a cross country road trip I was about to go over the mileage limit so I switched back. I may go back to them because I don’t plan on taking any more cross country trips in the Vette. There are several restrictions you need to comply with.
Instructor
Joined: Jan 2024
Posts: 121
Likes: 77
From: Florida
I'm with State Farm and will be moving from base C6 to Z06 C8. My rate will double. I'd hate to move on as a 50 year customer with State Farm. An issue to think about is your umbrella policy since State Farm requires all insurance to be with them to purchase an umbrella policy. I'm not sure if other insurance companies require this.
Le Mans Master
Joined: Sep 2017
Posts: 5,767
Likes: 2,968
From: Rural NW Georgia. GO DAWGS!
2024 C8 of the Year Finalist - Unmodified
Allstate doesn't require me to insure my Corvette with them to have an umbrella policy. I have my other two vehicles and my home with Allstate. They get enough of my money.