Lower Your 1990 Chevrolet Corvette Insurance Cost

Want cheaper insurance rates for your Chevrolet Corvette? I doubt anyone gets a kick out of paying for insurance, especially knowing they could find better rates elsewhere. Because you have many companies and agents to choose from, it’s difficult to choose the best insurance provider.

It’s smart to quote other rates before your policy renews since insurance prices are rarely the same from one policy term to another. Just because you found the best price on Corvette insurance at your last renewal there may be better deals available now. Forget all the misinformation about insurance because I’m going to teach you the right way to find better rates and still maintain coverage.

Finding affordable coverage is quite easy. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using this strategy. Drivers just need to know the most efficient way to compare price quotes on the web.

How to buy insurance online

There are several ways to shop for insurance, and some are more efficient than others. You can spend countless hours talking about coverages with agents in your area, or you can stay home and use the web to quickly compare rates.

Most of the best insurance companies are enrolled in a marketplace that allows shoppers to only type in their quote data once, and each participating company returns a competitive quote based on that data. This prevents consumers from doing quotation requests to every company.

To compare rates using this form now click to open in new window.

The one disadvantage to doing it this way is you are unable to specify which companies to get quotes from. If you prefer to choose specific providers to receive pricing from, we have a page of low cost insurance companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but do your best to enter the exact same information on every price quote you get. If the quotes have differing limits it’s impossible to make a fair comparison for your Chevy Corvette.

Lower-cost auto insurance quotes with discounts

Companies don’t always publicize every policy discount in a way that’s easy to find, so below is a list a few of the more common and the harder-to-find discounts you could be receiving when you buy insurance coverage online.

  • Theft Deterent – Cars, trucks, and SUVs that have factory anti-theft systems have a lower chance of being stolen and therefore earn up to a 10% discount.
  • Active Military Service – Having a family member in the military could be rewarded with lower prices.
  • Save with a New Car – Insuring a new car is cheaper because newer models have to meet stringent safety requirements.
  • Good Student Discount – Excelling in school can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Drive Less and Save – Low annual miles may allow you to get slightly better auto insurancerates than normal.
  • ABS Brakes – Vehicles with ABS and/or traction control can avoid accidents and therefore earn up to a 10% discount.
  • Organization Discounts – Affiliation with a civic or occupational organization could trigger savings on your policy.
  • Distant College Student Discount – Children who are enrolled in a college that is more than 100 miles from home and leave their car at home can receive lower rates.
  • Passive Restraints – Factory options such as air bags or automatic seat belts can get savings of 20% or more.

One last thing about discounts, most discounts do not apply to the entire policy premium. Most cut the cost of specific coverages such as comp or med pay. Despite the fact that it seems like all those discounts means the company will pay you, nobody gets a free ride.

Large auto insurance companies and the discounts they provide are:

  • Geico has discounts for air bags, emergency military deployment, multi-policy, anti-theft, and good student.
  • USAA offers discounts for family discount, multi-policy, military installation, annual mileage, loyalty savings, defensive driver, and safe driver.
  • Progressive discounts include multi-policy, homeowner, good student, online signing, continuous coverage, multi-vehicle, and online quote discount.
  • American Family offers discounts including good student, mySafetyValet, multi-vehicle, bundled insurance, air bags, and defensive driver.
  • Esurance has savings for emergency road assistance, DriveSense, anti-theft, Pac-12 alumni, Switch & Save, good student, and paid-in-full.
  • Farmers Insurance includes discounts for pay in full, electronic funds transfer, teen driver, youthful driver, homeowner, switch companies, and mature driver.
  • State Farm policyholders can earn discounts including multiple policy, anti-theft, defensive driving training, Steer Clear safe driver discount, and good driver.

Before buying, ask every insurance company the best way to save money. Some credits may not be available in your area. To find companies with the best auto insurance discounts, click here to view.

Tailor your insurance coverage coverage to you

When it comes to buying coverage, there really is not a “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions might help in determining if you might need an agent’s assistance.

  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Can I get a multi-policy discount?
  • Do I have coverage when pulling a U-Haul trailer?
  • Where can I find DUI or SR-22 insurance?
  • Can I afford to buy a different vehicle if my 1990 Chevy Corvette is totaled?
  • Am I covered if my car is in a flood?
  • Am I insured when driving a different vehicle?
  • Does coverage extend to Mexico or Canada?
  • How high should my uninsured/underinsured coverage be in my state?

If you can’t answer these questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area. It’s fast, free and can help protect your family.

Smart buyers can lower their insurance costs

One of the most helpful ways to save on car insurance is to to have a grasp of some of the elements that come into play when calculating the price you pay for car insurance. If you have some idea of what influences your rates, this enables informed choices that will entitle you to lower rates.

  • Poor credit can mean higher prices – Your credit score can be an important factor in determining your rates. Consumers who have high credit ratings tend to be less risk to insure than drivers with poor credit scores. If your credit can be improved, you could be paying less to insure your 1990 Chevrolet Corvette by improving your rating.
  • Premiums increase with driving tickets – A bad driving record has a huge affect on how much you pay. Just one ticket can boost insurance rates by as much as thirty percent. Good drivers get better prices than people who have multiple driving citations. Drivers unfortunate enough to have license-revoking tickets such as DUI or willful reckless driving may be required to prove financial responsibility to the state department of motor vehicles in order to continue driving.
  • Low comp and collision deductibles can be expensive – The deductibles you choose represent how much money you are required to pay in the event of a claim. Protection for physical damage, also called comprehensive and collision insurance, protects your car from damage. Examples of some claims that would be covered could be collision with another vehicle, damage caused by hail, or theft of your vehicle. The larger the amount the insured is willing to pay, the bigger discount you will receive on Corvette insurance.
  • Do females or males drive better? – Statistics demonstrate females are less aggressive when driving. That doesn’t necessarily mean that men are worse drivers. Males and females cause fender benders in similar percentages, but guys cause more damage. Men also tend to get higher numbers of serious violations like reckless driving and DUI. Male drivers age 16 to 19 tend to get in the most accidents and therefore are the most expensive to insure.
  • Don’t skimp on liability coverage – A critical coverage on your policy, liability insurance will provide protection in the event that you are determined to be liable for damages from an accident. Liability provides legal defense which can be incredibly expensive. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Having a spouse can lower costs – Getting married helps lower the price compared to being single. Marriage translates into being more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
  • Lower premiums for vehicles with better crash test results – Vehicles with good safety scores cost less to insure. Vehicles built for safety protect occupants better and lower rates of occupant injuries translates directly to fewer claims and cheaper rates on your policy. If your Chevy Corvette is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • Prices impacted by your city – Living in areas with lower population has it’s advantages when buying car insurance. People in densly populated areas regularly have much more traffic and longer commutes to work. Fewer drivers means reduced accidents and a lower car theft rate.

What car insurance coverages do you need?

Learning about specific coverages of your car insurance policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages found on most car insurance policies.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your 1990 Chevy Corvette.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Liability auto insurance – This coverage provides protection from damages or injuries you inflict on other’s property or people in an accident. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for things such as attorney fees, medical expenses, legal defense fees, structural damage and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Comprehensive insurance – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a bird, hitting a deer, vandalism, a broken windshield and falling objects. The highest amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for nursing services, pain medications, dental work, doctor visits and X-ray expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Collision – This coverage covers damage to your Corvette caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as damaging your car on a curb, colliding with a tree, backing into a parked car and rolling your car. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Quote more, save more

While you’re price shopping online, it’s a bad idea to reduce coverage to reduce premium. There are a lot of situations where consumers will sacrifice collision coverage only to find out they didn’t have enough coverage. Your aim should be to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.

Lower-priced 1990 Chevy Corvette insurance can be sourced on the web as well as from insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some insurance companies may not provide the ability to get a quote online and these smaller companies sell through independent insurance agencies.

Other information