28 February 2017

Up or down? Tracking the values of our top 10 most insured cars

Hagerty’s 10 most popular vehicles, in terms of how many we insure, have a lot in common. All but two are Chevrolets and all but one is domestic. Most were built in the 1960s. That's where the similarities end, however, as their market performance differs wildly. The Hagerty Vehicle Rating measures a vehicle’s performance relative to the rest of the market by examining insurance policies and quotes, Hagerty Price Guide value changes, and sales activity in both the private and auction markets. After measuring the rating for each, this is how Hagerty’s top 10 stack up.

Vehicle
1965-73 Ford Mustang 50

Average Hagerty Price Guide value: $23,350

The first generation Ford Mustang will never stop being cool. It’s one of those evergreen classics that has enjoyed a youthful and sporty image from the very beginning. It’s also Hagerty’s most popular car in terms of number insured, so they make up a huge part of the market. First-gen Mustangs are currently keeping pace with the broader market. Aside from particular strength in the private market over the last few months, the metrics making up the rating for the Mustang are right in the middle.

1968-82 Chevrolet Corvette 34

Average Hagerty Price Guide value: $26,000

In all measures, C3 Corvettes are trailing the market. Hagerty Price Guide values for the later urethane-bumper C3s have dropped, and private sales activity has been particularly weak over the past few months.

1967-69 Chevrolet Camaro 45

Average Hagerty Price Guide value: $38,800

The rivalry between the Mustang and the Camaro is almost as famous as the cars themselves, and in terms of the latest Hagerty Vehicle Rating, the Mustang currently has a slight edge. First generation Camaros have seen a small jump in the number of insurance policies added, but they currently trail the original pony car.

1955-57 Chevrolet Bel Air 37

Average Hagerty Price Guide value: $38,850

Generally speaking, 1950s cars haven’t been performing all that well in the market, and that includes what might be the most recognizable ‘50s car of them all—the 1955-57 Bel Air. Younger buyers aren’t expressing much interest in these cars, so as owners exit the market demand continues weakening. Right now, Bel Airs lag behind the rest of the market in most measures, although prices have remained strong on the private market.

1968-72 Chevrolet Chevelle Malibu 64

Average Hagerty Price Guide value: $13,450

Chevelles have one of the highest ratings out of these 10 vehicles, but all of the car’s market strength comes from high prices on the private market. All of the Chevelle’s other metrics that make up the overall rating are middle of the road.

1963-67 Chevrolet Corvette 70

Average Hagerty Price Guide value: $62,200

Many people believe the second-generation (C2) is the most iconic Corvette. That seems to remain the case, as the rating for C2s is at a very healthy 70 compared to sub-50 ratings for both the C3 and C4. Most metrics for C2s are up, particularly for quote activity and the private market.

1984-96 Chevrolet Corvette 15

Average Hagerty Price Guide value: $11,300

Late last year, we noted that the Hagerty Vehicle Rating for C4 Corvettes had seen one of the biggest drops of any car in 2016. The picture doesn’t seem to be improving in 2017, either. All measures for C4s are down but this is especially true for quote activity, which shows a continued decline in interest as many former C4 buyers are probably now looking to the later C5s.

1967-72 Chevrolet C/K Pickup 79

Average Hagerty Price Guide value: $8,350

The vintage trucks segment has been growing for a few years now, and the big Scottsdale Auction Week results for trucks indicate that growth is still strong. All measures of buyer interest are up for 1967-72 C/K Pickups, and these trucks lead the rest of the market on both the auction and private markets.

1968-80 Volkswagen Beetle 80

Average Hagerty Price Guide value: $9,100

Because of their quirks, rugged simplicity and massive production numbers, Beetles make up another big chunk of the classic car market. Typically, they’re also quite cheap, which among their other merits makes them great entry-level classics. Interest in Beetles is actually rising, with strength in both the auction and private markets as well as a sizable move upward in Hagerty Price Guide values.

1970-81 Chevrolet Camaro 29

Average Hagerty Price Guide value: $13,950

Interest in second generation Camaros was growing over the past few years. Now though, it seems to be slowing down, as every metric of the Hagerty Vehicle Rating for these cars shows them trailing the rest of the market. The lowest metric is the measure of interest through insurance quote activity.

8 Reader Comments

  • 1
    Lou Tull Medina, Ohio March 1, 2017 at 16:27
    Up or down? Tracking the values of our top 10 most insured cars. You're telling me that my 1957 Isetta didn't make the list. Everybody that has ever seen one will recall the size, shape and wanted one of these icons. OK, so there is only a few thousand in the whole country, it's still the most recognized car. Great article Lou
  • 2
    LAMAR SPEAR 66 LEE ROAD 502 PHENIX CITY ALA. 36870 March 1, 2017 at 19:45
    I HAVE A TRUE EARLY 1964 1/2 FORD MUSTANG.ONE OF THE FIRST MUSTANGS MADE.ALL OF THE INSIDE ELECT. PARTS HAVE TO BE FOR THE GEN. MODEL ..IT HAS A MODIFIED 260 V8 MOTOR, THAT GIVES ABOUT 300 HP..
  • 3
    Ric Pratt Washington March 1, 2017 at 22:37
    If we extended this list down to the top 25, I wonder if 1964 to 1972 GTO's would appear?
  • 4
    Dave New Jersey March 2, 2017 at 07:18
    I bought a 64 GTO convertible new when I was a kid and still have it, although haven't driven it since 1982. Sitting in the garage. Anybody know what it might be worth?
  • 5
    Frank South Carolina March 2, 2017 at 08:46
    Mustangs, Camaros, and Corvettes... who would have thought? ;> Oh, and throw in 57 Chevies and 67-72 trucks, and the ever popular Beetle for good measure. Of course you'd be insuring more of the most popular collector cars than any others! No surprises here, except maybe the 67-72 Chevy trucks.
  • 6
    Greg Plummer Spokane, Wash. March 2, 2017 at 11:49
    Very interesting survey. It would be nice to know what the "vehicle rating" reflects. Obviously, a 70 is better than a 15, but what does a 70 mean? Is 100 the best? What would it take to get a score of 100?
  • 7
    Barry Birch Washington March 4, 2017 at 20:09
    Tracking the values of classic cars by Andrew Newton was interesting. It's not about what classic car you own, its about how Hagerty values classic cars in general! Hagerty relies to much on auction results. In the first place that should be the last place to purchase a classic vehicle. Auctions inflate pricing and who has the most money wins. Auctions discourage beginners who want to enter the hobby. The private market really determines the actual price of a vehicle. I have been in the classic car hobby 26 years, and have watched pricing closely. Hagerty needs to revise their value system on all classic cars.
  • 8
    fred central fl. March 10, 2017 at 12:36
    i have 2 mustangs,66 loaded 289 coup and a 68 x code 390 coup, one of one built by ford, both are nice cars and enjoy driving them, unrestored.

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