Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate drivers about...

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Reviewed by Laura Walker
Licensed Agent for 10 Years

UPDATED: Sep 9, 2019

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The Chevrolet Corvette is one of the world’s most famous cars however unlike a 1967 Mustang or limited edition Ferrari many Corvette owners are just normal people who do not have a pilot on payroll or a Caribbean island in their name.

This is one of the reasons why the Corvette is so popular as even with a sticker price starting just under $75,000 for the Z06 model the vehicle is accessible to many people from all different walks of life.

Purchasing car insurance for the Chevrolet Corvette, however, is much different than buying coverage for a typical car since depending on the model it may just qualify for collector car insurance.

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What is Collector Car Insurance?

Anyone who collects cars usually only drives the vehicle for limited periods of time, has a dedicated storage area and values the vehicle a lot more than its book value. Does this sound like you?

While collector car insurance is primarily targeted to owners of vintage vehicles the Chevrolet Corvette is one of those rare mass-produced cars which may actually qualify for a car insurance policy under what is known as collector car insurance.

Not all car insurance companies offer this type of coverage however there are several companies who specialize primarily in collector car insurance and premiums can be substantially less than the typical big brand insurance companies you probably have your family minivan insured with now.

While drivers can certainly benefit from a multi-vehicle discount by having all your cars insured with the same provider the amount of savings realized by switching a Corvette to a collector car insurance policy can sometimes be well worth it.

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Some of the benefits of a collector car insurance policy include:

Agreed upon value

This is huge to many car collectors. In the event of a total loss the car insurance company will pay a pre-determined guaranteed value. There is no fighting about book value or “actual cash value” as you and the car insurance company agreed on a full replacement value at the time the policy was purchased.

Choice of Repair Shop

Many specialized collector car insurance companies allow policyholders to choose the repair shop instead of having to pick from an approved list of shops who mainly deal with Chevette’s.

Guaranteed Flatbed Towing Services

Never risk your vehicle to anything less than a flatbed if you need roadside assistance. Collector car insurance companies understand the value of flatbed towing and the Hagerty Insurance Company even guarantees a flatbed truck every time you call for help.

Customized Coverage

Another big advantage over traditional policy coverage is some collector car insurance companies allow you to customize your coverage which means excluding and adding items as you see fit.

The Hagerty car insurance company is the largest collector car insurance company in the world and policyholders even can opt to purchase insurance for their automobile memorabilia – How cool is that!

In addition to the Corvette newer cars like the Dodge Viper and Plymouth Prowler can also qualify so if you have a collectible car its certainly worth speaking to those providers who specialize insuring such vehicles.

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  1. How much is car insurance for a Chevrolet Corvette Z06?