2000 Chevrolet Corvette Insurance Quotes – 7 Tricks for Best Rates

There isn’t a single person who looks forward to buying car insurance, particularly when they could find better rates elsewhere.

People have so many car insurance companies to choose from, and although it’s nice to be able to choose, more options can take longer to find the lowest rates.

Consumers should take time to get comparison quotes periodically since insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best quotes for Corvette coverage two years ago you can probably find a better rate now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to the quickest way to find great coverage at a great price.

Seven discounts to earn cheap insurance coverage rates

Some companies don’t list every possible discount in an easy-to-find place, so the following list contains a few of the more well known and also the more inconspicuous credits available to bring down your rates. If you don’t get every credit you deserve, you could be saving more on your insurance coverage.

  • Federal Employees – Active or former government employment may reduce rates when you quote insurance coverage for Corvette coverage with certain companies.
  • Driving Data Discount – Insureds who allow data collection to track when and where they use their vehicle remotely like Allstate’s Drivewise might see lower rates if they exhibit good driving behavior.
  • Anti-theft System – Cars, trucks, and SUVs optioned with advanced anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
  • First Accident Forgiveness – Not a discount per se, but companies like State Farm and Allstate will let one accident slide before your rates go up if you are claim-free for a certain period of time.
  • Anti-lock Brakes – Cars, trucks, and SUVs that have anti-lock braking systems are much safer to drive and will save you 10% or more.
  • Drive Safe and Save – Safe drivers can pay as much as 50% less for Corvette coverage as compared to drivers with claims.
  • Safety Restraint Discount – Using a seat belt and requiring all passengers to wear their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.

Discounts lower rates, but some of the credits will not apply to your bottom line cost. Some only reduce specific coverage prices like comp or med pay. Despite the appearance that all those discounts means the company will pay you, that’s just not realistic.

Larger insurance coverage companies and some of the discounts are:

  • Geico discounts include defensive driver, good student, membership and employees, anti-lock brakes, anti-theft, daytime running lights, and federal employee.
  • MetLife may offer discounts for claim-free, multi-policy, good driver, good student, and accident-free.
  • Progressive includes discounts for homeowner, good student, online quote discount, continuous coverage, multi-vehicle, and multi-policy.
  • Travelers offers premium reductions for driver training, IntelliDrive, new car, save driver, and good student.
  • SAFECO offers discounts including multi-car, drive less, teen safe driver, bundle discounts, homeowner, accident prevention training, and safe driver.
  • AAA has discounts for education and occupation, AAA membership discount, good student, pay-in-full, and anti-theft.

When quoting, ask each company or agent which discounts you qualify for. Savings might not be offered in your area. To view companies offering insurance coverage discounts, click here.

Tailor your insurance coverage coverage to you

When it comes to buying the right insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different and your policy should reflect that. These are some specific questions could help you determine if your insurance needs might need professional guidance.

  • Will I be non-renewed for getting a DUI or other conviction?
  • When should my teen driver be added to my policy?
  • Is my dog or cat covered if injured in an accident?
  • Do I need replacement cost coverage?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is my nanny covered when driving my vehicle?
  • Do I have any recourse if my insurance company denies a claim?
  • What are the best liability limits?
  • Is a fancy paint job covered?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Does insurance coverage advertising bend the truth?

Big name companies like Allstate and Progressive regularly use ads on television and other media. They all seem to say the same thing of big savings if you get a free insurance coverage quote and switch your coverage. It sounds good, but how can they all charge you a lower premium?

Companies have underwriting criteria for the type of insured that earns them the most money. For example, a desirable insured might have to be a female over age 40, has other policies, and drives less than 5,000 miles a year. Any person that matches those criteria is entitled to the best price and as a result will probably save a lot if they switch.

Insureds who fall outside the ideal profile may receive a higher premium and this can result in the prospect going elsewhere. If you listen to the ad wording, they say “drivers that switch” not “everybody who quotes” save the amount stated. That’s the way companies can claim big savings. This really illustrates why you need to get a wide range of price quotes. Because you never know which company will provide the lowest rates.

Car insurance coverages explained

Knowing the specifics of a car insurance policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the normal coverages offered by car insurance companies.

Comprehensive car insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, falling objects, damage from getting keyed, a broken windshield and a tree branch falling on your vehicle. The maximum payout a car 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.

Auto collision coverage

This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like scraping a guard rail, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability coverage can cover damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

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

Liability coverage pays for claims like loss of income, court costs, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Corvette.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for X-ray expenses, funeral costs and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Cheaper insurance is a realistic goal

We just showed you some good ideas how to compare 2000 Chevy Corvette insurance prices online. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding low cost insurance coverage. Consumers could even find that the best prices are with a lesser-known regional company. These companies may cover specific market segments cheaper compared to the large companies like Geico and State Farm.

Some companies may not offer the ability to get quotes online regional insurance providers prefer to sell through independent agents. More affordable auto insurance is attainable online in addition to local insurance agencies, so compare prices from both to have the best chance of lowering rates.

Additional auto insurance information can be found at these links: