1991 Chevrolet Corvette Car Insurance Cost

Did you fall for a flashy sales pitch and buy overpriced car insurance? It’s quite common and there are many people just like you. Having so many choices of insurance companies, it can be diffult for people to find the most cost effective company.

Finding affordable coverage is easy if you know what you’re doing. If you have insurance now or need a new policy, you can follow these tips to find the best rates while maximizing coverage. Consumers just need to understand how to get comparison rates online.

The quickest method to compare rates takes advantage of the fact most of the larger companies allow for online access to compare rate quotes. All you need to do is spend a couple of minutes providing details like the ages of drivers, whether you are single or married, if it has an anti-theft system, and if you have an active license. Your insurance information is then sent to many different companies and you will receive price estimates with very little delay.

Find discounts on auto insurance

Auto insurance is expensive, but you may qualify for discounts that many people don’t even know exist. Some discounts apply automatically at quote time, but some must be requested specifically prior to receiving the credit.

• Savings for New Vehicles – Buying a new car instead of a used car is cheaper because newer models keep occupants safer.
• Memberships – Having an affiliation with a qualifying organization could trigger savings when shopping for auto insurance.
• Passive Restraint Discount – Factory air bags or automatic seat belts can receive discounts of more than 20%.
• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower rates if you buy life insurance.
• Discounts for Federal Employees – Being employed by or retired from a federal job could cut as much as 10% off on Corvette insurance with some auto insurance companies.
• Smart Student Discounts – Getting good grades can earn a discount of 20% or more. The good student discount can last well after school through age 25.
• Senior Discount – Mature drivers may receive a small decrease in premiums on Corvette insurance.
• Claim Free – Insureds who avoid accidents and claims can earn big discounts compared to insureds who have frequent claims or accidents.
• First Accident Forgiveness – Not really a discount, but a few companies such as Geico and Liberty Mutual allow you one accident before hitting you with a surcharge so long as you are claim-free for a particular time prior to the accident.

One thing to note about discounts is that most discount credits are not given to the entire cost. Most only cut the cost of specific coverages such as medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, that’s just not realistic.

Popular auto insurance companies and the discounts they provide are shown below.

• State Farm has savings for multiple policy, safe vehicle, accident-free, passive restraint, multiple autos, anti-theft, and defensive driving training.
• Geico may offer discounts for federal employee, military active duty, multi-policy, seat belt use, daytime running lights, and driver training.
• Progressive may have discounts that include online signing, continuous coverage, multi-vehicle, online quote discount, good student, multi-policy, and homeowner.
• 21st Century policyholders can earn discounts including air bags, early bird, good student, driver training, and anti-lock brakes.
• American Family has discounts for multi-vehicle, Steer into Savings, air bags, good driver, good student, and defensive driver.
• The Hartford offers discounts for driver training, bundle, good student, air bag, and anti-theft.
• AAA may include discounts for pay-in-full, AAA membership discount, multi-car, education and occupation, good driver, and multi-policy.

Check with each company or agent to give you their best rates. Discounts may not apply in your area. To find companies that offer discounts, click here.

Tailor your insurance coverage coverage to you

When buying proper insurance coverage, there really is not a “best” method to buy coverage. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can aid in determining whether you might need professional guidance.

• Does my policy cover me when driving someone else’s vehicle?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Do all my vehicles need collision coverage?
• Am I covered if I drive in a foreign country?
• Can I drive in Mexico and have coverage?
• Do I need replacement cost coverage?
• Do I need medical payments coverage since I have good health insurance?
• Is my nanny covered when driving my vehicle?
• Are my friends covered when driving my car?
• Is a blown tire covered by insurance?

If you can’t answer these questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage basics

Knowing the specifics of your policy can help you determine which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types available from insurance companies.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for expenses for things like nursing services, funeral costs, ambulance fees, rehabilitation expenses and chiropractic care. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Collision coverages – This covers damage to your Corvette resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as backing into a parked car, colliding with a tree, crashing into a building and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Liability coverages – Liability coverage will cover damage that occurs to a person or their property. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for things such as structural damage, medical services, attorney fees, funeral expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Comprehensive protection – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, damage from a tornado or hurricane, a broken windshield, hail damage and theft. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your 1991 Chevy Corvette.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.