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Corvette
C8 Z06
C8 Z06 Insurance Cost
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<blockquote data-quote="Mr.Corvette" data-source="post: 324894" data-attributes="member: 6760"><p>When you insured your Z06, you and the insurance company had your VIN but there was no individual rating groups set up for the car. They didn't know what they were insuring. That's why you paid rates equivalent to what the Stingray is. Each car has an individual rating group for Third party liability, Accident Benefits, Direct Compensation for Property Damage as well as for Collision and Comprehensive coverage. Each one is a numerical figure based on risk. Mine are 34-69-54-62 and 46 but that won't mean anything to you unless you understand what Rating Groups mean. You can ask your broker what different figures that your current insurance company had for your vehicle when you first insured it. More than likely they didn't have the individual rating groups at the time for the Z06 and what happens is when the insurance companies figured out what they were dealing with, they either send you a registered letter saying your insurance is cancelled in 30 or specified number of days, or they non-renewal at your next renewal date which is the case here. I know Aviva insurance doesn't want to insure a Z06 but they will a Stingray. Right now other members on here are dealing with insurance companies that don't have the updated numbers for 2024 model year vehicles like CAA that is using 2023 rates for the time being until they have time to update the rate groups.</p></blockquote><p></p>
[QUOTE="Mr.Corvette, post: 324894, member: 6760"] When you insured your Z06, you and the insurance company had your VIN but there was no individual rating groups set up for the car. They didn't know what they were insuring. That's why you paid rates equivalent to what the Stingray is. Each car has an individual rating group for Third party liability, Accident Benefits, Direct Compensation for Property Damage as well as for Collision and Comprehensive coverage. Each one is a numerical figure based on risk. Mine are 34-69-54-62 and 46 but that won't mean anything to you unless you understand what Rating Groups mean. You can ask your broker what different figures that your current insurance company had for your vehicle when you first insured it. More than likely they didn't have the individual rating groups at the time for the Z06 and what happens is when the insurance companies figured out what they were dealing with, they either send you a registered letter saying your insurance is cancelled in 30 or specified number of days, or they non-renewal at your next renewal date which is the case here. I know Aviva insurance doesn't want to insure a Z06 but they will a Stingray. Right now other members on here are dealing with insurance companies that don't have the updated numbers for 2024 model year vehicles like CAA that is using 2023 rates for the time being until they have time to update the rate groups. [/QUOTE]
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Corvette
C8 Z06
C8 Z06 Insurance Cost
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