1993 Chevrolet Corvette Insurance Cost

Looking for cheaper car insurance rates? Shoppers have a choice when shopping for the lowest priced Chevy Corvette insurance. They can either waste time struggling with agents to compare prices or use the internet to compare rates.

There is a better way to shop for car insurance and we’ll show you the best way to quote coverages on a Chevy and find the best price possible from local insurance agents and online providers.

Car insurance policy discounts

Some companies do not advertise all disounts in a way that’s easy to find, so the below list has both well-publicized in addition to some of the lesser obvious credits available to bring down your rates.

  • Claim-Free Discount – Good drivers with no accidents are rewarded with significantly better rates on insurance coverage quote when compared to insureds who have frequent claims or accidents.
  • ABS Braking Discount – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
  • Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for Corvette coverage than drivers with accident claims.
  • Lower Rates for Military – Having an actively deployed family member could be rewarded with lower rates.
  • Paperwork-free – A few insurance companies will give you a small discount for buying your policy on your computer.
  • Use Seat Belts – Drivers who always wear seat belts and also require passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
  • Fewer Miles Equal More Savings – Driving less may allow you to get discounted car insurancerates on garaged vehicles.

As a footnote on discounts, most discounts do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like you could get a free car insurance policy, that’s just not realistic. But all discounts should help lower the premium cost.

Popular car insurance companies and a selection of discounts can be read below.

  • AAA offers discounts for education and occupation, AAA membership discount, multi-car, pay-in-full, good driver, good student, and anti-theft.
  • Progressive has discounts for multi-policy, continuous coverage, online quote discount, online signing, good student, and multi-vehicle.
  • State Farm may have discounts that include Drive Safe & Save, multiple policy, driver’s education, good driver, and Steer Clear safe driver discount.
  • Esurance offers discounts including anti-theft, multi-car, Switch & Save, Pac-12 alumni, good driver, safety device, and online quote.
  • Nationwide discounts include Farm Bureau membership, accident-free, family plan, multi-policy, defensive driving, and anti-theft.

Check with every company how you can save money. Some discounts listed above may not apply in every state. To view providers that offer the discounts shown above, follow this link.

How do I know if I need professional advice?

When it comes to choosing adequate coverage for your personal vehicles, there really is not a single plan that fits everyone. Each situation is unique.

For example, these questions may help you determine if you will benefit from professional help.

  • Am I missing any policy discounts?
  • Do I need added coverage for expensive stereo equipment?
  • Am I covered when pulling a rental trailer?
  • Should I buy additional glass protection?
  • Is my ex-spouse still covered by my policy?
  • Does my medical payments coverage pay my health insurance deductible?

If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

Is there truth in advertising?

Consumers can’t escape the ads that promise big savings for switching by Allstate and Progressive. They all seem to advertise claims that drivers can save some big amount if you change your policy.

But how can every company make almost identical claims? This is the way they can do it.

Insurance companies provide the lowest rates for the type of insured that will be a good risk. For instance, this type of risk profile may need to be between 25 and 40, has a clean driving record, and drives a vehicle with a low ISO rating. A customer getting a price quote who fits that profile will probably get the lowest rates and most likely will save a lot if they switch.

Potential insureds who do not meet the ideal profile will have to pay higher premium rates and business going elsewhere. The wording the ads use say “drivers that switch” not “all people who quote” save the amount stated. This is how companies can truthfully make those statements.

Different companies use different criteria so it’s extremely important to do a rate comparison at every renewal. It is impossible to guess which company will have the lowest rates.

Car insurance coverages for a Chevy Corvette

Knowing the specifics of your policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Coverage for liability

Liability coverage protects you from damages or injuries you inflict on a person or their property in an accident. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims such as repair costs for stationary objects, emergency aid, attorney fees and loss of income. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for expenses like doctor visits, prosthetic devices, nursing services, ambulance fees and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

Collision insurance pays for damage to your Corvette resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like sideswiping another vehicle, scraping a guard rail, rolling your car, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your Chevy Corvette.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Normally these coverages are set the same as your liablity limits.

Comprehensive insurance

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, theft and damage from flooding. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

More comparisons equals lower rates

Consumers who switch companies do it for a variety of reasons including denial of a claim, high prices, extreme rates for teen drivers or even high rates after DUI convictions. Regardless of your reason, finding a new auto insurance company can be easier than you think.

Throughout this article, we presented a lot of tips how to lower your 1993 Chevy Corvette insurance rates. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding cheap insurance coverage. Consumers could even find that the best rates are with a smaller regional carrier.

Cheap 1993 Chevy Corvette insurance can be sourced both online in addition to many insurance agents, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who don’t offer online rate quotes and many times these small insurance companies sell through independent agents.

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