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2014 SRX Performance, 2013 CTS-V
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526 Posts
Discussion Starter · #1 ·
I just bought a 2013 CTS-V sedan and called to switch the insurance from my 2010 G37 that I traded in. I gave them my VIN number and they input the VIN and asked if it was a 2013 CTS. I said yes. Then they asked if it had any mods. I said no.
My 6 month premium on the 2 cars I own will go up $17.90.
My first thought was that they must think I have a CTS and not the CTS-V, but since they have my VIN number it had to come up as the CTS-V.
I was expecting a substantial increase in my premium. This surely isn't normal is it?
Tom
 

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2011 Diamond Pearl Tricoat A6 Sedan
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394 Posts
I pay about $100 less per year than my wife's Chrysler 300. Age has its advantages as does 2,000,000 miles no tickets or accidents. BTW I use an escort max. Ins cost for my V is $550/yr including glass coverage.
 

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'14 CTS-V LongRoof; '16 ATS-V Sedan,' 04 Trailblazer 4x4; '10 CTS LongRoof gone but never forgotten
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18,847 Posts
I'm getting porked, I believe. Age 63, clean record, about $900 per year with $500,000 liability and a $2 million umbrella.
 

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'14 CTS-V LongRoof; '16 ATS-V Sedan,' 04 Trailblazer 4x4; '10 CTS LongRoof gone but never forgotten
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18,847 Posts
Jacksonville, like my info says in the top righthand corner of my avatar info. I own a metal fabrication company and if I get sued I can lose a lot.
 

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2011 CTS-V Wagon-Raven Black, manual, satin graphite wheels
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460 Posts
I sold a Lightning and a turbo Cobalt SS to buy my V. The cost of insuring each of the 3 vehicles was the inverse of the price of them. Cobalt most expensive to insure, V least expensive to insure. Safety is key for insurance, especially in Michigan where the no fault pays for unlimited life time benefits in case of a bad injury. It makes the difference in the cost of the cars negligible compared to the amount they have to pay out if you are injured and since the V is exponentially safer than a tin can the insurance was cheaper.
 

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'14 CTS-V LongRoof; '16 ATS-V Sedan,' 04 Trailblazer 4x4; '10 CTS LongRoof gone but never forgotten
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18,847 Posts
Having lived in NW Ohio for many moons, I am familiar with Michigan as an insurance give-away state. Still, a high performance vehicle like our V also has a risk factor of speed and reckless driving (definitely a greater potential than your mother's Volvo). It also carries a greater weight and will "go through" another smaller car. Just looking at those types of risks, I am led to believe the insurance would be higher in a V than a Cobalt. Who knows what makes those insurance wankers think?
 

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2011 CTS-V Wagon-Raven Black, manual, satin graphite wheels
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460 Posts
The Cobalt SS was plenty fast still and the V protects me much better if I crash it is my thought on the insurance rational there.

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When I called the insurance I honestly expected that to be the moment where the thought of buying a V died. But when the V insurance was less than half the amount I was paying for the Lightning and Cobalt because each of them was more expensive than the V it made it an easy choice.

It does seem like the V doesn't really get consideration as a performance car by the insurance. I don't think the Lightning did either. In fact, I had to get a new windshield for the Lightning which was a 2004 so it was a Heritage F150. I asked the windshield guys on the phone to make sure they were bringing a windshield for the old body style and not the new 2004 F150. They had to call the insurance company back to get permission on the larger, more expensive, old style windshield because they were all set to bring the windshield for the the new body style 2004.
 

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CTS-V (Black 2014), CTS-V (Red obsession 2014)
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771 Posts
I just bought a 2013 CTS-V sedan and called to switch the insurance from my 2010 G37 that I traded in. I gave them my VIN number and they input the VIN and asked if it was a 2013 CTS. I said yes. Then they asked if it had any mods. I said no.
My 6 month premium on the 2 cars I own will go up $17.90.
My first thought was that they must think I have a CTS and not the CTS-V, but since they have my VIN number it had to come up as the CTS-V.
I was expecting a substantial increase in my premium. This surely isn't normal is it?
Tom
It is normal. The V sneaks under the insurance radar.
 

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2013 6MT V wagon, OBM, 2009 silver V sedan (traded)
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4,536 Posts
My V wagon costs the same to insure as my relatively bland-looking (in comparison) and slower RLX hybrid. I was shocked the RLX was that much to insure, but oooookay.......
 

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'14 CTS-V LongRoof; '16 ATS-V Sedan,' 04 Trailblazer 4x4; '10 CTS LongRoof gone but never forgotten
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18,847 Posts
So I checked out Hagerty Insurance for Classic Cars. I told them 2500 miles per year, $75,000 value. Price: $1800/year. Ouch!
 

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CTS-V (Black 2014), CTS-V (Red obsession 2014)
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771 Posts
So I checked out Hagerty Insurance for Classic Cars. I told them 2500 miles per year, $75,000 value. Price: $1800/year. Ouch!
IMO This is not the car to take to a boutique insurer. This car is also not worth $75K new. I don't consider this a "collector car" either.
I was not looking for replacement value insurance, I just wanted "normal" comprehensive insurance. I used the "big" companies, and got a great deal.
 
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