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Old 10-23-2010, 01:16 PM   #1
MR.408FRC
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Default Insurance for Corvette

Wow insurance for my Vette is $30 a month LESS than my Evo
I thought it would be as much or more.

Surprisingly, the three best overall vehicles were the Chevy Corvette Convertible, Mazda MX-5 Miata, and the Hardtop Chevrolet Corvette.
http://jalopnik.com/5669691/
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Old 10-23-2010, 01:26 PM   #2
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The insurance on my F250 Superduty is more than Twice what the insurance is on my C5Z06.
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Old 10-23-2010, 01:38 PM   #3
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Insurance for my Z06 is only like $5.00 more than it was on my 1990 RX7 turbo. And the vette has... oh, about 3x the rwhp.
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Old 10-23-2010, 04:02 PM   #4
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Cost of my 07 vett is 1/2 of my 07 Taho
What a pleasent surprise that was
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Old 10-23-2010, 06:06 PM   #5
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mines cheap, $110/mo
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Old 10-23-2010, 06:25 PM   #6
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Corvettes are one of the cheapest to insure cars in America due to it's demographic. Because the majority of Corvette owners are at a "responsible" age (LOL) there are fewer car accidents and tickets for Corvettes. That lowers the insurance risk for Corvettes and therefore the cost to insure them is lower.


BTW, the Evo is one of the most expensive cars in America to insure, right along with Scion TCs and Cadillac Escalades.
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Old 10-23-2010, 06:28 PM   #7
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Quote:
Originally Posted by SCM_Crash View Post
Corvettes are one of the cheapest to insure cars in America due to it's demographic. Because the majority of Corvette owners are at a "responsible" age (LOL) there are fewer car accidents and tickets for Corvettes. That lowers the insurance risk for Corvettes and therefore the cost to insure them is lower.


BTW, the Evo is one of the most expensive cars in America to insure, right along with Scion TCs and Cadillac Escalades.
Another main reason the Vette is cheaper is because it is a 2 seater, Less liability. True.
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Old 10-23-2010, 07:12 PM   #8
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Another main reason the Vette is cheaper is because it is a 2 seater, Less liability. True.
LOL! My 1990 300zx (2 seater) was more to insure than my 2002 Trans Am (4 seater).
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Old 10-23-2010, 07:17 PM   #9
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LOL! My 1990 300zx (2 seater) was more to insure than my 2002 Trans Am (4 seater).
I am glad for you.
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Old 10-23-2010, 07:24 PM   #10
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Insurance was one of the pleasant surprises when I first started looking for my Vette. Exprememly reasonable!

In fact, most surprieses were pleasant ones compared to my 1980...ride, acceleration, handling, noise, lack of rattles, etc.....
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Old 10-23-2010, 07:33 PM   #11
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Yup. My insurance went down $10/mo when i sold my 2000 Camaro Z28 and bought my 2000 Corvette FRC. Even my ins agent was surprised. haha.
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Old 10-23-2010, 09:15 PM   #12
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My 2003 convertible is cheaper to insure than my last two Mustang convertibles. When I questioned the insurance company they indeed stated that it has much to do with both demographics and claims history. Before I retired from the Marine Corps, it was easy to tell when a unit returned from Iraq or Afghanistan, just by the number of new Mustangs on the base sporting temporary license plates. Most were being driven by young (under 21) Marines. There's your demographics and claims history at work.
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Old 10-23-2010, 09:30 PM   #13
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Quote:
Originally Posted by Marine One View Post
My 2003 convertible is cheaper to insure than my last two Mustang convertibles. When I questioned the insurance company they indeed stated that it has much to do with both demographics and claims history. Before I retired from the Marine Corps, it was easy to tell when a unit returned from Iraq or Afghanistan, just by the number of new Mustangs on the base sporting temporary license plates. Most were being driven by young (under 21) Marines. There's your demographics and claims history at work.
Thankfully not every 16-18 year old is trying to buy a Corvette!

BTW, thank you for your service!
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Old 10-23-2010, 10:13 PM   #14
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Quote:
Originally Posted by SCM_Crash View Post
Corvettes are one of the cheapest to insure cars in America due to it's demographic. Because the majority of Corvette owners are at a "responsible" age (LOL) there are fewer car accidents and tickets for Corvettes. That lowers the insurance risk for Corvettes and therefore the cost to insure them is lower.


BTW, the Evo is one of the most expensive cars in America to insure, right along with Scion TCs and Cadillac Escalades.


True ... the largest contributor to insurance costs are always your age/sex and driving record and not the vehicle.


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Old 10-24-2010, 10:36 AM   #15
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A few years ago I purchased a original Model A Ford which I restored. Insurance was $40 every 6 months on it. When I asked about it the agent said, "When was the last time you saw a 1929 model A in a wreck?"
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Old 10-24-2010, 01:02 PM   #16
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more mature people usually buy vettes rather than tuner cars. thats probably why the insurance is cheaper IMO
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Old 10-24-2010, 07:44 PM   #17
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Quote:
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more mature people usually buy vettes rather than tuner cars. thats probably why the insurance is cheaper IMO
That is correct.

More-so, the majority of Corvette owners are between 45 and 65 years old. That's the main reason there are fewer at-fault accidents and fewer speeding tickets for Corvette owners.

Funny thing is that I'm not 100% sure it's the age thing that makes the Corvette owners not speed or drive recklessly. Although it does play a big part. I'm 27 years, and I know if I owned my Z06 when I was 17 I'd probably have killed myself or someone else doing something stupid. But even at my current age, I drive my Z06 and I never feel that I have anything to prove. I have a "Corvette Z06". Everyone already knows it's fast. So I don't do stupid things. When I drove my Trans Ams and Firebirds and my 300zx, I absolutely felt I had something to prove and I did drive recklessly. In the Corvette, nope. My friends say that since I got my Z06, I aged 30 years.

Looking at all the Z06s that have been in accidents on this forum, how many of these accidents were actually the Corvette driver's fault? I'd say not even half.

Last edited by SCM_Crash; 10-24-2010 at 07:46 PM.
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Old 10-24-2010, 10:41 PM   #18
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Insurance for my C5 is the cheapest of the three cars we have.
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Old 10-24-2010, 10:49 PM   #19
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At 17 you are invincible...at 45 you know better...and at 65 you are thankful just to get into a Corvette..
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Old 10-24-2010, 10:58 PM   #20
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The insurance on each of my 4 cars is within appx 10-15 of each other. The 01 Vette is the most, but again only about 10 more than each of the other cars per month.
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Old 10-24-2010, 10:58 PM
 
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