Why is 92 Corvette insurance cheaper than 05 Honda Accord insurance for a 17 year old male. It's a 400 dollar difference too

Why is 92 Corvette insurance cheaper than 05 Honda Accord insurance for a 17 year old male. It's a 400 dollar difference too - 1

Very doubtful. Mid-sized sedans such the the Accord and Camry tend to be the least expensive vehicles to insure.

The '92 is throwaway if in an accident. You won't get anything out of it.

Because 1992, that's why.

You're thinking that the Vette should be more expensive because it definitely meets the sports car classification, right? Because sports cars always cost more to insure than anything else, because they're sports cars, right? Of course I'm right, because why else would you even be asking this question.

Well, get ready for this. With most insurance companies (and by most I mean all of them except one or two), there's no sports car classification. It's a pure myth, just like the red paint surcharge.

If you have a 1992 anything, you probably won't be able to make it out of your driveway with the engine still running. That's why it's cheaper to insure.

If coverage's are the same, I doubt that the Corvette insurance IS cheaper. I suggest you study the quotes and compare coverage's.

I ran into this issue when I priced insurance and it was backwards of what you said. The premium was twice for a Z06 compared to a 2010 LS3 Camaro (4 year diff back in 2010), maybe they underrated the Camaro? The used Z06 was $10K cheaper but no way on the insurance for me and I'm 50+. They must really rate that 92 low on the scale or you were misquoted.