2011 Chevrolet Corvette Insurance Rates – 7 Discounts for Best Quotes

Trying to find better auto insurance rates for your Chevrolet Corvette? Having to pay for high-priced Chevrolet Corvette insurance can overdraw your savings, especially in this economy. Doing a price comparison can lower your rates and help to lower your monthly bill.

Due to the large number of online and local companies to choose from, it is hard for the average consumer to find the right auto insurance provider.

How to buy car insurance online

All major car insurance companies allow consumers to get coverage prices online. Doing online price comparisons is very simple as you simply enter your coverage preferences into the form. After the form is submitted, the quote system will order your credit score and driving record and quotes a price based on many factors. Online price estimates streamlines rate comparisons, but the process of having to visit many different websites and type in the same data gets old quite quickly. Unfortunately, it is important to compare as many rates as possible in order to get the best price possible.

There is a better way!

The quickest way to find cheaper rates requires only one form that obtains quotes from many companies. The form is fast, eliminates form submissions, and makes quoting online a little more enjoyable. After your information is entered, it is rated with multiple companies and you can pick your choice of the quotes that you receive. If the quotes result in lower rates, it’s easy to complete the application and buy the new coverage. The entire process takes just a few minutes to complete and you will find out if you’re overpaying now.

To find out how much you can save on car insurance, click here and enter your vehicle and coverage information. If you have your current policy handy, we recommend that you enter deductibles and limits identical to your current policy. This makes sure you’re receiving rate quotes using the same coverage and limits.

Get lower rates with these seven insurance discounts

Companies that sell car insurance do not list the entire discount list in a way that’s easy to find, so below is a list a few of the more common and also the more inconspicuous discounts that may be available.

Club Memberships – Participating in a civic or occupational organization could qualify you for a break on your policy.
Good Grades Discount – Being a good student may save you up to 25%. This discount can apply up to age 25.
Discount for Low Mileage – Keeping the miles down on your Chevy could earn substantially lower prices.
Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like Geico, State Farm, and Progressive permit an accident before hitting you with a surcharge with the catch being you have to be claim-free before the accident.
Homeowners Savings – Just being a homeowner can save you money because owning a home is proof that your finances are in order.
Switch and Save Discount – Some companies provide a discount for switching policies prior to the expiration date on your current policy. It can save you around 10%.
Mature Driver Discount – Drivers over the age of 55 can get better insurance rates for Corvette coverage.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only apply to individual premiums such as liability and collision coverage. Despite the appearance that having all the discounts means you get insurance for free, nobody gets a free ride.

A list of insurance companies and their possible discounts can be found below.

Geico policyholders can earn discounts including air bags, driver training, military active duty, five-year accident-free, and daytime running lights.
MetLife offers discounts including defensive driver, claim-free, good student, good driver, accident-free, multi-policy
State Farm has discounts for anti-theft, Steer Clear safe driver discount, passive restraint, multiple policy, and multiple autos.
Progressive may include discounts for online signing, good student, multi-policy, multi-vehicle, online quote discount, continuous coverage, and homeowner.
Mercury Insurance discounts include accident-free, ease of repair, professional/association, type of vehicle, low natural disaster claims, annual mileage, and age of vehicle.
21st Century includes discounts for air bags, driver training, automatic seat belts, homeowners, and student driver.
Allstate may have discounts that include anti-lock brakes, anti-theft, economy car, early signing, and auto/life discount.

When getting free insurance quotes, it’s a good idea to each company or agent which discounts can lower your rates. Depending on the company, some discounts may not apply to policies in your area. To find insurance companies with significant discounts, click here.

Insurance coverage can get complicated

When choosing coverage, there really is no perfect coverage plan. Every insured’s situation is different so this has to be addressed. For instance, these questions could help you determine whether you may require specific advice.

Where can I find high-risk insurance?
Are rental cars covered under my policy?
Am I covered when delivering products for my home-based business?
How can I find cheaper teen driver insurance?
What is UM/UIM insurance?
If I drive on a suspended license am I covered?
What are the financial responsibility laws in my state?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Coverages available on your auto insurance policy

Having a good grasp of your auto insurance policy helps when choosing which coverages you need for your vehicles. Auto insurance terms can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages offered by auto insurance companies.

Liability insurance – This will cover damage or injury you incur to people or other property that is your fault. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for things such as medical expenses, bail bonds and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverages – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like vandalism, damage from flooding and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like prosthetic devices, X-ray expenses, surgery, ambulance fees and hospital visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverages – Collision insurance pays for damage to your Corvette from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with another moving vehicle, colliding with a tree, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Corvette.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Saving money is sweet as honey

While you’re price shopping online, make sure you don’t skimp on coverage in order to save money. There have been many situations where consumers will sacrifice uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to get the best coverage possible for the lowest cost, but don’t skip important coverages to save money.

We covered a lot of ways to lower your 2011 Chevy Corvette insurance rates. The key concept to understand is the more times you quote, the better likelihood of getting the cheapest insurance. You may even find the best rates are with a small local company. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.