z28lt1

You can't get real information from forum posts on insurance. Insurance rates have so many variables, including location (you may pay something vastly different than someone who lives 20 miles or even 20 blocks away), age, driving and claim history, coverage limits, deductibles, credit, multi-car, multi-line, length of time with company, etc....

If you want to know if you are getting ripped off, take an hour and call a few places and get quotes. Or find an agent that deals with multiple brands and have them pull some quotes. It is the only real way to do this.

village idiot

Oh, I think Texas, at least around Dallas, is high partially because of the crazy high hail damage risk. You can just be driving on the highway at 75mph and then have a totaled car because of hail.
I was driving on the highway and it want from sunny to hail in about 3 minutes. Luckily, I got under a bridge before the hail got big.









(Okay, that was a hyperbole. No chance you can hit 75mph with how bad traffic is here)

budgreen3564

^^^^^^
My agent just told me this is the reason Insurance is so high around here. We've had major hail last year and this year.

village idiot

^^^^
I had a factory bubble in my windshield. Took them 3 months to get one in stock because hail broke so many.

DowntownDallasVette

I Daily Drive my C6 roughly 9K miles yearly for work, and I live in the Downtown/Uptown Dallas area. Traveler's Insurance recently contacted me about my renewal coming up. (I've been a customer for 3 years) I have High Coverage (100K/100K), uninsured protection, rental car ($40 per while my baby is in the shop after an accident), and roadside. My Deductible also is set at a Very Low Rate ($250) because I would hate to have that Out-of-Pocket come up out of nowhere... Travelers wants to renew me for $2,727 yearly, they have Excellent service but it does come at a cost. I'm going to shop around for options as I have a very respectable Credit Score & Flawless Driving Record! In my honest opinion though, You Get What You Pay For!!

Texas1

FunDriver

2016 Z51 A8 $1120/yr; 2004 Lexus ES 330 $340/yr. Both low annual mileage, high coverage ($0 deduct on comp), no tickets/accidents, other policies with Libe4rty Mutual.
Northern. California

mountainears

Please check this thread. https://www.corvetteforum.com/forums...this-time.html

girardta

I pay less for my 2014 C7 LT3 with 8,800 miles on it than I do for my 2009 Hyundai Sonata with 30,000 miles on it. I also have a Homeowners policy, PAF (jewelry) and Umbrella policy with State Farm. I also get discounts for being a long-time insured.

The difference is due to Onstar on the C7, which watches my driving habits. No jack-rabbit starts, no panic braking, no taking corners at 50 mph, no speeding, etc. Just sensible, old-man driving within 10 miles of where I live.e

No hail or flood claims, one minor fender bender in my C6 about 5 years ago. I'd just left the Lambo dealership and was still day-dreaming about the Hurican when I changed lanes into one that was already occupied by another car.

Even so, I do pay quite a lot of premium for the cars compared to other states, but that's because of state-wide hail and flood experience, where the instrument of insurance spreads the overall cost across all their Texas insureds. That's the way insurance works; if you don't like it, move to North Dakota.

girardta

Insurance should be used only for catastrophic losses that would leave you in dire financial straits should one occur.

Deductibles are meant to eliminate the cost of smaller, nuisance claims - my god, if you can afford to drive a Corvette, you should be able to afford a $1,000 deductible.

A word to the wise - if all you're carrying in the way of liability insurance is 100/100, get thee to thy agent tomorrow and change it to 100/300 and then buy a million dollar Umbrella policy on top of it. And you may have just misspoken, but if all you're carrying is Uninsured coverage, you need to add Under-Insured coverage as well. What if someone t-bones you in an intersection and puts you in the hospital for 6 months? You think his 25/25 basic limit is going to pay for your hospital expenses?

DowntownDallasVette

I understand your point completely. From my point of view High vs Low Deductible doesn't ultimately make a difference. The insurance company will get their money in the end. Being able to afford & wanting to fork over a $1,000 at once are 2 Very different things. I personally hate surprises, specially expensive ones! But hey "To each their own"!!

As I also stated in my original reply I live in Downtown/Uptown Dallas. an Extremely Urban Metropolitan area, High Rise Sky scrappers, densely populated, i.e. The Concrete Jungle. (Well, as close as you can get to it in Dallas,TX) Not only is Hale & Severe Weather a Factor here, but also we have seen an increase in Violent Crime. Luckily Texas is a Deep Red State with laws the protect individuals who choose to protect themselves and their families. So I personally choose to do so, on my person at all times, for my protection (Lets face it, our Corvettes turn heads & get people's attention...for better or for worse).

Many people have migrated to our DFW Metroplex because of Weather related tragedies in their area. (Hurricane Katrina, Irma, etc). As well as a mass exodus of people coming here seeking employment, because many a corporation has moved their HQ to Dallas (Amazon may be next!) and the fact the we have NO STATE INCOME TAX!

I have no doubt this has contributed to the increase in insurance costs for individuals such as myself. However, I have no choice but to carry insurance, because it's "The Law" in Texas. I will be shopping around, maybe I can find a better quote elsewhere.

RCB1234

2014 Z51, LT3, <5,000 miles per year $1,000 deductible. $700/year.
No tickets and house included with the auto policy. AAA insurance.

village idiot

DowntownDallasVette

Probably the Difference in Deductible driving up the monthly cost? (Uninsured Motorist? Rental Car Assistance? Roadside Assistance?) Do you have any of those services on your policy?

I'm definitely going to get Multiple New Quotes, as my policy with Travelers ends next month...

Thank y'all for the information so far!

village idiot

Lower deductible and those services add like $400 at most. If you think the likelihood of getting in an accident is lower than the average insured person, go for a high deductible. Besides, virtually every shop will waive up to $500 of it anyway.

Progressive and geico are always competitive for me- about $1100/6mo.

I went with All State despite being $100 more expensive because I wanted to get an umbrella, homeowners and auto all with one carrier. I got into an accident that was not my fault at all, but it easily could have been if not for a witness. The other guy was super hurt and I was just kind of hurt. I only had 100k coverage and realized how quickly I could have lost a lot. I got higher premiums and once you're up that high, a million dollar umbrella was only $220/yr.

ir0nman11

$1700/year with 750 deductible. Clean record and no tickets with other cars in the plan w/ AAA. It is a bit high I agree

Texas1

Originally Posted by z28lt1