I would like to know who has GOOD insurance at a GOOD price for C1's and C2's looking for a new insurance Co. Please responed so that I can get a over view to pick a GOOD co. Thanks members.
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Re: Corvette insurance C1 or C2
Go for GRUNDY insurance. Stated value of your car dictates your premium.I know of many others who have researched the field and apparently found GRUNDY to be the best offer. Good luck -
Re: Corvette insurance C1 or C2
Also look at JC-Taylor.Comment
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Re: Corvette insurance C1 or C2
I have my 56 and 64 insured with State Farm along with my C5 and Buick, homeowners and life. The 56 and 64 rates are WAY lower then quotes I recieved my the Collector Cor Insurance companies. Never had a claim on either the 56 or 64, so can't comment on how they handle, but other claims have always been handled to my satisfaction.Comment
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Re: Corvette insurance C1 or C2
Joe
I have my 64 and my wife's 75 covered for Liability, comprehensive, & collision (stated value)at $350.00 per year. Is State Farm lower than that?
ThanksComment
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Re: Corvette insurance C1 or C2
Try Hagerty. Look at their WEB. www.hagerty.com. They use the agreed to value process. I have a 63 and a 71 Ghia on for about $350 a year.
HarryComment
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Re: Corvette insurance C1 or C2
If I had my policy handy, I could give you exact figures. I insure three old cars, two of them C-2's. All three of them in the mid/high twenties stated value. Comp, collision and seven figure liability. All three are less than two hundred dollars from State Farm, annually. Of course, there are usage restrictions and I can't quote without the policy but they do not allow for everyday driving at this rate.
You rate will also vary with your geographical location.Comment
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Re: Corvette insurance C1 or C2
Bill, My 56 ($40K) is $144.72/annual and my 64 ($28K) is $119.16/annual. JoeComment
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Re: Corvette insurance C1 or C2
My broker is Barlow Ins. in California. I pay $294 annually for $60K agreed value. No mileage restrictions. The only restriction is that the vehicle is normally kept in an enclosed garage.
No problems with them - they take my money just fine every year!
Dave ChristensenComment
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Re: Corvette insurance C1 or C2
State farm here in Nevada City Ca. 55 at $70.000=$523.80 a year and 67 at $35000-$726.12 a year and I'm 62 married having no tickets.AND I know there must be cheaper insurance out there. Thank you all I'll try the others.Comment
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Re: Corvette insurance C1 or C2
Which is better? "Stated Value" or "Agreed Value". Or are these the same?Comment
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Re: Corvette insurance C1 or C2
Irby -
BIG difference! "Stated Value" does nothing for the owner - just "caps" the amount the insurance company is obligated to pay; they still settle on the same basis as a standard auto policy, and THEY determine the value at the time of loss based on whatever depreciation/market value determination they choose to use. "Agreed Value" is agreed to up front by the owner and insurer, and in the event of a total loss, the insurer writes a check for that amount, period. No haggling, no negotiating, no "formulas" to determine replacement value; they just write the check for the "agreed" value. They may or may not require photos and/or an appraisal to support the value you want them to "agree" to before issuing the policy.Comment
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Re: Corvette insurance C1 or C2
I deal with insurance co. every day State Farm is so far ahead of the rest.When there is a claim its best to have an agent & adjusters in your home town .Comment
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Also check the Liability Coverage
I work for a large insurance company. Most of the comments relate to coverage on the Corvette but do not talk about the liability coverage which could be much more important. I got a quote from Hagerty for $322 but they only offer Liability limits of $15K per person/$30K per accident and property damage of $7.5K per accident. That is not enough liability limit.
My current auto policy is $250K per person/$500K per accident and property damage of $100K per accident, with a $1 million umbrella policy on top of those coverages. These are reasonable (not excessive) liability limits for a reasonably successful person who wants to protect his/her assets.
If you cause an accident, total a $50k sedan and put a family in the hospital with a couple of hundred thousand in medical bills and $1M in pain and suffering, you may not have much left after the lawyers are done...
Not selling insurance, just my 2 cents.
DaveComment
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Re: Also check the Liability Coverage
Right on Dave, liability is the other part of the equation that most people overlook until they ar ein court...I find that major insurance companies will giv eyou the absolute best rate as long as you are low risk , multicar multi policy discount customer...I was amazed that difference between haggerty and state farm especially when you compare liabilityDino LannoComment
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