Insurance Problems

[Midwest Classic]

Originally Posted by CobraDan

In 1970 we had some cars with the biggest HP increases ever offered by the car industry these cars and the years before are from the muscle car era and bringing big dollar today but by 1971 when the insurance industry stepped in the HP increases decreased immensely for many years. In the most resent years you can again buy what some day will go down as the new muscle car era as you can buy Corvettes, Vipers, and many other models with 500HP-600HP engines and in the next few years they will even being putting out far more HP. Why hasn’t the insurance industry done what they have in the past and now allowed the new muscle era from our car industry?

Quiet, you might wake someone, good question though. I got into the insurance business in 1977 so I have only been doing this for 30 years but I do remember the muscle cars having two sets of books so to speak. One was the actual HP, and the other the reported HP to the Insurance Companies, which was always lower. Who knows maybe the guys in the Ivory towers were the owners of the 70's muscle cars and have a soft spot in their heart.

Personally I think we went from a time of big HP to the 4 cylinders and as these increased in HP they were somehow forgotten. When you look at the cars of today that have a HP rating in excess of 500HP they are not cheap.

Here is a pretty good link to that 500HP club