Searching for lower car insurance rates for your Chevrolet Corvette? Did a good deal turn into an expensive car insurance policy? You’re preaching to the choir because there are many consumers feeling the pinch from expensive car insurance. With so many choices of insurance companies, it can be impossible to locate a lower cost insurance company.
It’s a good habit to do rate comparisons occasionally because insurance prices trend upward over time. Just because you found the lowest rate for Corvette coverage a year ago there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you’re going to learn how to use the internet to find better rates and still maintain coverage.
Insurance coverage is not cheap nor is it fun to buy but you might be missing out on some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied when you quote, but a few must be manually applied before being credited. If you do not double check each discount you deserve, you are paying more than you should be.
As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. A few only apply to the cost of specific coverages such as medical payments or collision. Just because you may think all the discounts add up to a free policy, company stockholders wouldn’t be very happy. Any amount of discount should help reduce the cost of coverage.
A few popular companies and some of their more popular discounts are:
Double check with all the companies how many discounts you can get. All car insurance discounts might not apply in your area. To see a list of insurance companies with discount insurance coverage rates, click here.
When it comes to buying the best insurance coverage for your personal vehicles, there is no one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions may help highlight if your situation might need an agent’s assistance.
If you can’t answer these questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Knowing the specifics of your auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are the usual coverages found on most auto insurance policies.
Liability coverage – This will cover damage that occurs to people or other property that is your fault. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability coverage protects against claims such as structural damage, attorney fees, repair bills for other people’s vehicles and court costs. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.
Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision coverage – This coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims like crashing into a ditch, colliding with a tree and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.
Comprehensive insurance – This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as theft, hitting a deer and a broken windshield. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for bills for dental work, nursing services, funeral costs, pain medications and chiropractic care. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced uninsured motorist or liability limits only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to find the BEST coverage for the lowest cost, but do not skimp to save money.
Some insurance companies may not offer online rate quotes and these smaller companies only sell coverage through local independent agents. Low-cost 1994 Chevy Corvette insurance is available on the web and with local insurance agents, so you need to compare both to have the best selection.
Additional car insurance information is available below: