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Hi, everyone. I tried looking for some insurance answers, but couldn't find much.
Anyway, picked up a Bolt LT a few days ago to replace a 2017 Corvette base. Vette was paid off and the Bolt is a lease.
I went to Geico.com to switch the cars and was surprised to see the insurance rate was basically the same, like $50 less for the Bolt over 6 months.
MSRP 58.5k Corvette = $1000 for 6 months, MSRP 38.5k Bolt = $950 for 6 months
I don't remember the Vette's exact coverage numbers, but I'm sure it's close to California's minimum lease coverage requirement, which I have on the Bolt.
I'm 34, clean record except for a hit and run that totaled my previous car before the Vette. My previous car was a 2017 Fiat 124 spyder convertible base model, $140/mo for insurance.
Anyway, I figured that the Bolt would be much cheaper to insure, considering it has 4 doors, 5 seats, better crash ratings, etc... I mean, it's like the opposite of a Corvette. The Corvette is a V-8 2-seater sports coupe, but the insurance cost is basically the same.
I was really thrown off by this, so now I'm looking for some insight. Thanks for reading, hoping you guys got some input.
Anyway, picked up a Bolt LT a few days ago to replace a 2017 Corvette base. Vette was paid off and the Bolt is a lease.
I went to Geico.com to switch the cars and was surprised to see the insurance rate was basically the same, like $50 less for the Bolt over 6 months.
MSRP 58.5k Corvette = $1000 for 6 months, MSRP 38.5k Bolt = $950 for 6 months
I don't remember the Vette's exact coverage numbers, but I'm sure it's close to California's minimum lease coverage requirement, which I have on the Bolt.
I'm 34, clean record except for a hit and run that totaled my previous car before the Vette. My previous car was a 2017 Fiat 124 spyder convertible base model, $140/mo for insurance.
Anyway, I figured that the Bolt would be much cheaper to insure, considering it has 4 doors, 5 seats, better crash ratings, etc... I mean, it's like the opposite of a Corvette. The Corvette is a V-8 2-seater sports coupe, but the insurance cost is basically the same.
I was really thrown off by this, so now I'm looking for some insight. Thanks for reading, hoping you guys got some input.