Hopefully some of you will thank me later. Here are the details.
Last year my wife changed out her car (BMW 435 to Lexus IS 300). I landed a super helpful insurance agent on the phone, who explained to me how I could save a LOT more money, by combining our cars into 1 insurance policy. Previously we had our own insurance policies for each of our cars. Now I cannot recall exactly how much I saved, but I recall falling off my chair when he gave me the price. I have some chicken scratch notes written down, and I believe (don't quote me) that if the car remained on it's own policy, the '21 Lexus IS would have cost somewhere around $1200 (don't forget some of the Japanese cars are both hot on the theft list and expensive for parts to repair). By combining the policy, that $1200 dropped to around $500. Your mileage may differ.
Here is where things get really interesting for our C8's. I was told that when you go ahead and add a 3rd or 4th vehicle to a family policy (think summer car or your child's car), the added savings drop even more, because it is a group insurance for the family and the collection of cars. For kicks and giggles, I asked him (last year) how much it would cost me to add a '23 C8 Stingray HTC, I was expecting a quote of $1200-$1500, at least $1000, and the quote (in 2021) was $776. I could not believe my ears, so jotted down the numbers for the future.
The future has arrived, so I called back the insurance company just now, to prepare the insurance, to pickup the car in ON at the end of this month, and drive it back to QC. Now before I give you the price, note the following in terms of insurance options (which drives the price of the insurance cost up) :
$250 full peril deductible (covering both collision and fire, theft vandalism)
Depreciation option (no depreciation applied over 3 years, if car is written off, receive full value from invoice)
Rental (in case one is needed while car is in for repairs)
$1M liability coverage (can take $2M if required)
5000 KM's / YR
TAG tracking (this one saves you a bunch)
I say all the above, because if you take a higher deductible, or refuse the depreciation option or rental option, the price would be even lower that the price I got.
Drum roll: $368 + $70 (depreciation option) = $438
Even lower than last year's quote. And he re-assured me that when the time comes to add my son to the policy (once he gets his own car, on a learner permit now), the group savings will increase even more. So wanted to share that bit of info with you guys, in case some of you are running separate policies on all of your vehicles.
In case some of you want to know, my insurance company is TD Insurance (Meloche Monnex)
(I should have asked what a Z06 would have cost to insure just for the fun of it)
Last year my wife changed out her car (BMW 435 to Lexus IS 300). I landed a super helpful insurance agent on the phone, who explained to me how I could save a LOT more money, by combining our cars into 1 insurance policy. Previously we had our own insurance policies for each of our cars. Now I cannot recall exactly how much I saved, but I recall falling off my chair when he gave me the price. I have some chicken scratch notes written down, and I believe (don't quote me) that if the car remained on it's own policy, the '21 Lexus IS would have cost somewhere around $1200 (don't forget some of the Japanese cars are both hot on the theft list and expensive for parts to repair). By combining the policy, that $1200 dropped to around $500. Your mileage may differ.
Here is where things get really interesting for our C8's. I was told that when you go ahead and add a 3rd or 4th vehicle to a family policy (think summer car or your child's car), the added savings drop even more, because it is a group insurance for the family and the collection of cars. For kicks and giggles, I asked him (last year) how much it would cost me to add a '23 C8 Stingray HTC, I was expecting a quote of $1200-$1500, at least $1000, and the quote (in 2021) was $776. I could not believe my ears, so jotted down the numbers for the future.
The future has arrived, so I called back the insurance company just now, to prepare the insurance, to pickup the car in ON at the end of this month, and drive it back to QC. Now before I give you the price, note the following in terms of insurance options (which drives the price of the insurance cost up) :
$250 full peril deductible (covering both collision and fire, theft vandalism)
Depreciation option (no depreciation applied over 3 years, if car is written off, receive full value from invoice)
Rental (in case one is needed while car is in for repairs)
$1M liability coverage (can take $2M if required)
5000 KM's / YR
TAG tracking (this one saves you a bunch)
I say all the above, because if you take a higher deductible, or refuse the depreciation option or rental option, the price would be even lower that the price I got.
Drum roll: $368 + $70 (depreciation option) = $438
Even lower than last year's quote. And he re-assured me that when the time comes to add my son to the policy (once he gets his own car, on a learner permit now), the group savings will increase even more. So wanted to share that bit of info with you guys, in case some of you are running separate policies on all of your vehicles.
In case some of you want to know, my insurance company is TD Insurance (Meloche Monnex)
(I should have asked what a Z06 would have cost to insure just for the fun of it)