How Much Does 1998 Chevrolet Corvette Car Insurance Cost?

Buyers have options when searching for the lowest priced Chevy Corvette insurance. They can either waste time contacting agents getting price quotes or leverage the internet to find the lowest rates. There is a right way and a wrong way to compare insurance rates so we’re going to tell you the quickest way to get price quotes for your Chevy and get the best price possible.

You should take the time to compare rates occasionally because rates are usually higher with each renewal. Just because you had the lowest rate for Corvette coverage a few years ago you will most likely find a better price today. Don’t believe everything you read about insurance online but in a few minutes you can learn some of the best techniques to save money.

Buying car insurance is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to save some money using this strategy. Vehicle owners just need to learn the most effective way to shop for insurance over the internet.

How to lower your insurance cost

Finding cheap insurance rates is surprisingly easy. Consumers just need to invest a few minutes comparing rates from different insurance companies. This is very easy and can be done using one of these methods.

  1. One of the fastest ways to get quotes is to use a rate comparison form like this one (opens in new window). This style of form prevents you from having to do a different quote to each individual insurance company. One quote request gets prices estimates from all major companies.It’s the quickest way to get rates.
  2. A more difficult way to analyze rates is going to each individual company website and request a quote. For example, we’ll pretend you want comparison quotes from Allstate, Progressive and American Family. You would have to spend time going to each site individually to enter the same coverage data repeatedly, which is why most consumers use the first method.

    To view a list of companies in your area, click here.

  3. The hardest way to price shop rates is making phone calls or going to all the different insurance agencies. Comparing rates online eliminates the need for an insurance agent unless your situation requires the professional assistance of a licensed agent. It is possible with some companies comparison shop your insurance online and have a local agent actually service the policy.

Whichever method you choose, double check that you are using the exact same quote data for each quote you get. If the quotes have unequal deductibles or liability limits it will be very difficult to determine which rate is truly the best.

You may qualify for discounts

Companies do not advertise the entire discount list very well, so we took the time to find both the well known as well as the least known credits available to you.

  • Homeowners Savings – Simply owning a home may trigger a policy discount on insurance coverage because it is proof that your finances are in order.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Chevy can earn discounted prices on garaged vehicles.
  • Seat Belts Save – Buckling up and requiring all passengers to use their safety belts could save 15% on the premium charged for medical payments and/or PIP.
  • Organization Discounts – Being in qualifying clubs or civic groups is a simple method to lower premiums on your next renewal.
  • Policy Bundle Discount – When you have multiple policies with the same company you could get a discount of up to 20% and get you the cheapest insurance.
  • Pay Early and Save – If you pay your bill all at once instead of paying each month you could save up to 5%.

Keep in mind that some credits don’t apply to all coverage premiums. Some only reduce individual premiums such as medical payments or collision. So even though it sounds like all those discounts means the company will pay you, you won’t be that lucky.

Some of the insurance companies that possibly offer many of the previously listed discounts are:

Double check with all the companies how many discounts you can get. Some credits might not be offered in your state.

Get lower-cost insurance premiums by understanding these factors

A large part of saving on insurance is knowing the rating factors that aid in calculating your policy premiums. When consumers understand what influences your rates, this empowers consumers to make smart changes that may result in better insurance rates.

  • Qualify for multi-policy discounts – Most larger companies provide better rates to buyers who buy several policies from them in the form of a multi-policy discount. Even if you qualify for this discount already, it’s always a smart idea to compare other insurance prices to verify if the discount is saving money.
  • Liability is cheap – Your insurance policy’s liability coverage will provide protection if you are determined to be liable for damages caused by your negligence. Liability provides for a legal defense to defend your case. Liability insurance is pretty cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
  • Your address can push rates up or down – Living in less populated areas of the country may provide you with better prices when buying insurance. Fewer drivers and short commutes translates into fewer accidents in addition to lower liability claims Residents of big cities tend to have more auto accidents and longer commutes to work. Higher commute times can result in more accidents.
  • Insurance policy lapses increase rates – Going without insurance is a quick way to increase your rates. Not only will you pay more, not being able to provide proof of insurance could earn you a hefty fine and possibly a revoked license.
  • Save money by raising physical damage deductibles – Insurance for physical damage to your car, aka comp and collision, covers your vehicle from damage. Examples of some claims that would be covered are a dented fender, damage caused by hail, and having your car stolen. Your deductibles define how much you are required to spend out-of-pocket in the event of a claim. The more you are required to pay out-of-pocket, the lower your rates will be for Corvette coverage.
  • Marriage is a factor – Your spouse may cut your premiums compared to being single. It translates into being more mature than a single person and statistics show married drivers tend to have fewer serious accidents.

There’s no such thing as the perfect insurance policy

When choosing the best insurance coverage, there isn’t really a “perfect” insurance plan. Each situation is unique.

For instance, these questions may help you determine whether your personal situation may require specific advice.

  • When should my teen driver be added to my policy?
  • Does my insurance cover a custom paint job?
  • Are my friends covered when driving my 1998 Chevy Corvette?
  • Is my cargo covered for damage or theft?
  • Does coverage extend to a rental car in a foreign country?
  • Do I need an umbrella policy?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and may give you better protection.

Save 15 percent in 15 minutes? Is it for real?

Drivers can’t ignore all the ads for cheaper car insurance by companies like Allstate, Geico and Progressive. All the ads make an identical promise that drivers can save some big amount just by moving to their company.

It sounds good, but how can they all make the same claim? This is how they do it.

Insurance providers quote the lowest rates for the type of insured that earns them a profit. A good example of this type of insured might have to be between the ages of 30 and 50, is a homeowner, and the vehicle is rated for pleasure use. Any person that meets those criteria may get the lowest prices and most likely will save a lot if they switch.

Potential insureds who cannot meet the requirements may be forced to pay a higher premium and this can result in business going elsewhere. The trick is to say “customers who switch” not “everybody who quotes” save that much when switching. That is how companies can make those claims. This really emphasizes why you need to compare many company’s premium rates. Because without a comparison, you cannot know which company will have better auto insurance rates than you’re paying now.

Auto insurance coverages

Knowing the specifics of a auto insurance policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your Chevy Corvette.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as driving through your garage door, colliding with another moving vehicle, crashing into a ditch and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Coverage for medical expenses

Coverage for medical payments and/or PIP provide coverage for bills for pain medications, EMT expenses, nursing services and rehabilitation expenses. They are often used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive auto insurance

Comprehensive insurance coverage 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 pays for claims such as vandalism, hitting a bird and hitting a deer. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Liability coverage

This will cover damage or injury you incur to people or other property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for claims such as attorney fees, medical services, structural damage, bail bonds and court costs. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Make an honest buck

We just covered many ideas to compare 1998 Chevy Corvette insurance prices online. The key thing to remember is the more times you quote, the better chance you’ll have of finding the cheapest insurance. Consumers could even find that the most savings is with an unexpected company.

Drivers switch companies for any number of reasons including policy non-renewal, policy cancellation, poor customer service and even delays in responding to claim requests. It doesn’t matter why you want to switch switching insurance coverage companies is pretty easy and you might even save some money in the process.

The cheapest 1998 Chevy Corvette insurance can be bought online and with local insurance agents, and you should be comparing both to have the best selection. Some insurance providers may not offer online quoting and many times these small, regional companies only sell coverage through independent agents.

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