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Old 04-21-2009, 03:54 AM
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Default Re: 1967 Camaro L78 bad wreck

Kim, I've been in the insurance business 30 years and yes the insurance companies had a lot to do with getting rid of muscle cars. Nationwide Insurance was the first to institute a hi-performance surcharge which amounted to doubling the cost of insurance on these cars. Nationwide's president testified before congress in 1969 citing the evils of these cars and I remember seeing a letter to the editor in Super Stock & Drag Ill. from a Nationwide VP calling for the end of these cars. Other companies soon joined in raising rates and tightening underwriting for these cars. The target market for these cars couldn't afford the premiums so the cars vanished. Just last week I saw where Nationwide considered this a historical accomplishment.
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