When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
The Corvette Museum won't cover every car. I tried to get an online quote on my 2016 Z06 and I was declined because it said my risk was not great enough.
.
Originally Posted by bearphoto
If you guys would call Adam Boca at the Corvette Museum you would save a ton of money. Of course it depends on where you live, daily or part time driver, what you value your car at and your record but I pay about $700 a year for my Z51 Convertible. He also has my two hemi challengers and my two old Trans Ams.
I had Hagerty on my cars and loved them but Adam beat their price substantially. Give him a call only if you want to save money!
DFW area, Z51, State Farm - $651.24 per YEAR ($325.62 for 6 months). Have 2 cars plus homeowners and an umbrella policy.
So, OP, lookee here! Both national firms and DFW area. Quite a difference, huh? Zymurhy is paying approximately 1/3 of what you are. You seem to have left the thread, but it would be interesting to compare some more details to see if these two quotes are really comparable at all. Some factors:
* What are your coverages?
* What are your deductibles?
* How long have you had the policy?
* How old are you?
* How many miles do you drive per year?
* Do you have off street covered parking?
* What neighborhood do you live in?
* What other insurance with the same company do you have?
* What is your driving record--really?
* What's your credit score?
There has to be something serious going on for your coverage to be triple what Zymurgy is paying in the same area. Care to explore the differences?
Thanks for the input everyone! I have lots of calls to make tomorrow.
Originally Posted by mschuyler
So, OP, lookee here! Both national firms and DFW area. Quite a difference, huh? Zymurhy is paying approximately 1/3 of what you are. You seem to have left the thread, but it would be interesting to compare some more details to see if these two quotes are really comparable at all. Some factors:
* What are your coverages?
* What are your deductibles?
* How long have you had the policy?
* How old are you?
* How many miles do you drive per year?
* Do you have off street covered parking?
* What neighborhood do you live in?
* What other insurance with the same company do you have?
* What is your driving record--really?
* What's your credit score?
There has to be something serious going on for your coverage to be triple what Zymurgy is paying in the same area. Care to explore the differences?
Anybody know why they use your credit score among other things to figure your rate? I can't see how driving habits would be any different if you have either a high, medium, or low score.
Anybody know why they use your credit score among other things to figure your rate? I can't see how driving habits would be any different if you have either a high, medium, or low score.
Been through this. The first time this happened to me the company, Pemco, sent a note saying my credit score was insufficient to earn the highest rate. I wrote a hot letter to the company president protesting this action and got a call back from one of his "assistants" who was actually quite apologetic. He told me that credit scores had proven to be statistically significant predictors of claim rates and that a higher credit score was predictive of lower claims. He said he was one who had argued against using them and had told his group that there would be a backlash against it, of which I was a living example.
Now the funny thing. At the time my credit score was in the mid 700s, which is actually very good. It has since moved to above 825, which is absolutely excellent and gives me the best rate ever, not only on insurance, but also loans. Indeed, I have no debt at all, but I bought my last car on time (at 0% interest rate) just to keep the credit reporting companies happy.
Been through this. The first time this happened to me the company, Pemco, sent a note saying my credit score was insufficient to earn the highest rate. I wrote a hot letter to the company president protesting this action and got a call back from one of his "assistants" who was actually quite apologetic. He told me that credit scores had proven to be statistically significant predictors of claim rates and that a higher credit score was predictive of lower claims. He said he was one who had argued against using them and had told his group that there would be a backlash against it, of which I was a living example.
Now the funny thing. At the time my credit score was in the mid 700s, which is actually very good. It has since moved to above 825, which is absolutely excellent and gives me the best rate ever, not only on insurance, but also loans. Indeed, I have no debt at all, but I bought my last car on time (at 0% interest rate) just to keep the credit reporting companies happy.
I don't understand why an insurance company should have access to your credit score. You are not getting a loan. Frankly, such intrusiveness should be illegal. And I have a score of 800.
I don't understand why an insurance company should have access to your credit score. You are not getting a loan. Frankly, such intrusiveness should be illegal. And I have a score of 800.
Here's a little trick: It isn't actually your "Credit Score," It's your "Insurance Credit Score." This has been developed specifically for insurance companies as a predictor of CLAIM risk in the same way your age and sex are.
I just got my new Safeco Insurance policy and it went up around $200.00 now $1,900/year. I have a perfect driving record, so does anyone know of a better rate for a 2015 C7 Z51 in Texas? Thanks.
Safeco is awful. Go with Triple A (AAA) Texas insurance.
I just switched over to Allstate. My rates are suspiciously low. It will be intersting to see the effect of the "introductory" rates when renewal time comes later this year. My car is a Z51 BTW.
I got great rates with Allstate when I switched less than a year ago. But when upgrading to a newer Corvette (same car, just different year & same coverage), the rate more than doubles. So I think those "intro" rates are tied to a specific car as well as time period.
I got great rates with Allstate when I switched less than a year ago. But when upgrading to a newer Corvette (same car, just different year & same coverage), the rate more than doubles. So I think those "intro" rates are tied to a specific car as well as time period.
Thats what they did to me. As soon as I swtched to the new one they doubled my rates. They claimed it had to do with the body. Luckily I only have fire and theft on it 5 months out of the year. Mine is just a base car like before.
I just bought my first Corvette (2/29/2016) at first I figured the insurance alone would put this out of the realm of realistic possibility, however using National General Insurance it was quite reasonable I pay $489.00 per year full coverage with $250,000 / $500,000 limits (Washington State)
We live in more rural Llano county, 50 miles west of Austin. $940 every six months but that covers a '15 BMW X-5 and my '14 Z51 Stingray. With Progressive.
I just bought my first Corvette (2/29/2016) at first I figured the insurance alone would put this out of the realm of realistic possibility, however using National General Insurance it was quite reasonable I pay $489.00 per year full coverage with $250,000 / $500,000 limits (Washington State)
Mine is $505/6 mo. with these coverages, except I have $100 ded. on comp. and no uninsured motorist.
Farmers Insurance
OP - depending on how many miles to drive each year, you might want to check into the insurance offered by the National Corvette Museum. I have it on my C5 and for an agreed value policy, it is very competitive on the price.
Absolutely the BEST if you drive 6000 miles a year or less....you can even get a waiver to drive it to work twice a week....
Good Lord! I was just quoted less than $700/year for a Z51 in Washington State: Pemco. I know that doesn't help you, but I was just amazed at what you have to pay.
I wonder what the rate would be in Seattle? Probably quite a bit higher? , but when I move down to Lake Havasu, AZ it will be half that.
Here is my policy coverage in Portland for $498 per 6mos. Just so we are talking apples to apples here. It can make a big difference.
Bodily Injury & Property Damage Liability:
$100,000 each person
$300,000 each accident
$50,000 each accident$125.00Uninsured/Underinsured Motorist:$100,000 each person
$300,000 each accident$7.00Personal Injury Protection:$15,000$11.00Uninsured Motorist Property Damage:$50,000 each accident
$200 deductible or $300 deductible for hit & run$10.00Comprehensive:$100 deductible$51.00Collision:$100 deductible$294.00Rental Reimbursement:No Coverage$0.00Roadside Assistance:
No Coverage$0.00Custom Parts and/or Equipment value:
(At the time of a claim, it will be the insured's responsibility to show receipts to verify the existence and value of additional parts or equipment.)$0.00$0.00
Last edited by joemessman; 02-21-2017 at 12:29 PM.
02-28-2016, 04:21 PM
Absolutely the BEST if you drive 6000 miles a year or less....you can even get a waiver to drive it to work twice a week....
