2008 Chevrolet Corvette Insurance Quotes – 9 Tips for Best Rates

Shoppers have a choice when shopping for the lowest priced Chevy Corvette insurance. You can either waste hours contacting agents to get rate comparisons or use the internet to compare rates. There is a better way to shop for auto insurance and we’ll show you the quickest way to compare rates on a Chevy and find the cheapest rates from local insurance agents and online providers.

If you have a policy now or need a new policy, you can use these techniques to reduce the price you pay and still get good coverage. The purpose of this post is to introduce you to how car insurance quotes work and some money-saving tips. Drivers only need an understanding of how to compare company rates on the web.

Save money with these nine discounts

Some insurers don’t list the complete list of policy discounts very clearly, so the list below contains both well-publicized and also the more inconspicuous discounts you could be receiving when you buy insurance online.

  • Buy New and Save – Buying a new car model can save up to 30% due to better safety requirements for new vehicles.
  • Safety Course Discount – Completing a course teaching defensive driving skills can save you 5% or more and also improve your driving technique.
  • 55 and Retired – Mature drivers may be able to get a small discount on rates on Corvette coverage.
  • Multi-policy Discount – If you insure your home and vehicles with one company you may earn at least 10% off all policies.
  • Low Mileage – Driving less could be rewarded with better premium rates on cars that stay parked.
  • Use Seat Belts – Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks on the premium charged for medical payments and/or PIP.
  • Sign Early and Save – Select insurance coverage companies give a discount for switching policies before your current coverage expires. You could save around 10% when you buy insurance online.
  • Early Payment Discounts – By paying your entire bill at once instead of monthly or quarterly installments you can actually save on your bill.
  • Accident Free – Good drivers with no accidents have much lower rates when compared with bad drivers.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. Most cut individual premiums such as liability, collision or medical payments. Even though it appears you could get a free insurance coverage policy, it just doesn’t work that way.

Some companies that may have these money-saving discounts possibly include:

When getting free insurance quotes, it’s a good idea to each company or agent how many discounts you can get. All car insurance discounts might not apply in your area. To find companies with discount insurance coverage rates, follow this link.

Auto insurance can be complex

When choosing proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

For example, these questions might point out if your insurance needs might need professional guidance.

  • Do I need replacement cost coverage on my 2008 Chevy Corvette?
  • How high should deductibles be on a 2008 Chevy Corvette?
  • What if I owe more than I can insure my car for?
  • Am I covered if I drive in a foreign country?
  • Which is better, split liability limits or combined limits?
  • Am I covered when driving in Canada or Mexico?
  • Where can I find high-risk insurance?
  • Does my policy pay for OEM or aftermarket parts?
  • Does my insurance cover my expensive audio equipment?
  • Do I need medical payments coverage since I have good health insurance?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Specific coverages for a 2008 Chevy Corvette

Having a good grasp of your policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hitting a deer, hitting a bird, fire damage, hail damage and rock chips in glass. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like hospital visits, doctor visits, nursing services, prosthetic devices and ambulance fees. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2008 Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Collision coverage

This coverage will pay to fix damage to your Corvette resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as damaging your car on a curb, colliding with a tree, crashing into a building, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Liability insurance

This will cover damage or injury you incur to people or other property in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like repair costs for stationary objects, bail bonds and structural damage. How much coverage you buy is up to you, but consider buying higher limits if possible.

The bottom line

As you restructure your insurance plan, it’s a bad idea to reduce coverage to reduce premium. In many cases, drivers have reduced liability limits or collision coverage only to find out that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at the best price.

People who switch companies do it for any number of reasons including unfair underwriting practices, high rates after DUI convictions, being labeled a high risk driver or even policy non-renewal. No matter why you want to switch, finding the right car insurance provider can be easy and end up saving you some money.

In this article, we covered a lot of information how to get a better price on 2008 Chevy Corvette insurance. The key concept to understand is the more rate comparisons you have, the better your comparison will be. You may even find the best auto insurance rates are with the least-expected company.

For more information, feel free to visit the following helpful articles: