2012 Chevrolet Corvette Insurance Cost – 9 Tricks for Best Prices

Tired of scraping nickels together to pay high auto insurance rates every month? You are no different than the majority of other consumers. Due to the large number of choices, it’s difficult to locate the cheapest insurance company.

Insurance discounts help lower rates

Companies do not advertise every disount available in a way that’s easy to find, so the list below contains a few of the more common as well as some of the hidden credits available to bring down your rates.

  • One Accident Forgiven – Not really a discount, but a few companies such as Geico and Allstate will turn a blind eye to one accident before they charge you more for coverage so long as you haven’t had any claims for a specific time period.
  • Discount for Good Grades – Maintaining excellent grades can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Life Insurance – If the company offers life insurance, you could get lower prices if you buy a life policy as well.
  • Onboard Data Collection – Policyholders that allow driving data collection to look at when and where they use their vehicle through the use of a telematics system such as Progressive’s Snapshot could possibly reduce rates if their driving habits are good.
  • Distant College Student Discount – who attend college more than 100 miles from home and don’t have a car could get you a discount.
  • Discount for New Cars – Insuring a vehicle that is new can cost up to 25% less since new model year vehicles are generally safer.
  • E-sign Discounts – Many insurance companies provide a small discount simply for signing on your computer.
  • Senior Citizens – Drivers that qualify as senior citizens can possibly qualify for a slight reduction on a insurance coverage quote on Corvette insurance.
  • Low Mileage Discounts – Driving less could be rewarded with lower insurancerates due to less chance of an accident.

Drivers should understand that most discount credits are not given to the entire policy premium. The majority will only reduce specific coverage prices like liability, collision or medical payments. Just because you may think having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A few popular companies and some of the premium reductions they offer include:

  • Farmers Insurance includes discounts for multi-car, pay in full, teen driver, mature driver, alternative fuel, and business and professional.
  • State Farm policyholders can earn discounts including Drive Safe & Save, Steer Clear safe driver discount, anti-theft, good driver, defensive driving training, and passive restraint.
  • Liberty Mutual discounts include hybrid vehicle, newly retired, newly married, exclusive group savings, and preferred payment discount.
  • MetLife may include discounts for claim-free, good student, multi-policy, good driver, defensive driver, accident-free
  • Progressive has savings for online signing, online quote discount, multi-policy, homeowner, continuous coverage, and good student.

Before buying, ask every prospective company which discounts can lower your rates. Savings may not be available in every state. If you would like to view companies with the best insurance discounts, click this link.

Insurance quotes comparison

There are a lot of ways to compare insurance quotes, but some are more efficient than others. You can waste a few hours (or days) driving to insurance companies in your area, or you could use the internet to get rate comparisons in just a few minutes.

Many of the larger companies belong to an insurance system that enables customers to send in one quote, and every company returns a competitive quote for coverage. This saves time by eliminating form submissions to every company. To submit your quote information now, click here to open in new window.

The one disadvantage to pricing coverage this way is buyers cannot specifically choose which providers to get pricing from. So if you want to choose from a list of companies for rate comparison, we have a listing of companies who write insurance in your area. Click here to view list.

It’s up to you how you get prices quotes, just ensure you are comparing equivalent coverage information for every quote you compare. If you are comparing differing limits then you won’t be able to truly determine the lowest rate.

Which is the best car insurance?

When buying the right insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Each situation is unique so your insurance needs to address that. These are some specific questions might point out if your situation might need an agent’s assistance.

  • I have a DUI can I still get coverage?
  • Am I covered if I break a side mirror?
  • When should I buy a commercial auto policy?
  • Is business equipment covered while in my vehicle?
  • How can I get high-risk coverage after a DUI?
  • Is pleasure use cheaper than using my 2012 Chevy Corvette to commute?
  • Should I drop comprehensive coverage on older vehicles?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Car insurance in the media

Consumers constantly see and hear ads that promise big savings for switching from the likes of Allstate and Progressive. They all make an identical promise about saving some big amount if you get a free insurance coverage quote and switch your coverage to them.

Is it even possible that every company can charge you a lower premium? It’s all in the words they use.

Many companies have specific guidelines for the type of insured that will most likely be profitable. For instance, a desirable risk should be a married female, insures multiple vehicles, and insures a new vehicle. Anybody who fits that profile will get low prices and will also save when they switch companies.

Potential customers who fall short of those criteria may receive higher premiums which leads to the customer buying from a different company. The trick is to say “people that switch” not “all people who quote” save that much. That is how companies can advertise the way they do.

This really drives home the point why you really should compare rate quotes every year. It’s just too difficult to predict which insurance companies will be your best fit.

Insurance specifics

Knowing the specifics of your policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverages found on most insurance policies.

Comprehensive insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, hitting a bird, hitting a deer, vandalism and falling objects. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for liability

Liability insurance provides protection from damages or injuries you inflict on a person or their property that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like attorney fees, structural damage and funeral expenses. How much coverage you buy is up to you, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your 2012 Chevy Corvette.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages do not exceed the liability coverage limits.

Auto collision coverage

This coverage will pay to fix damage to your Corvette resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like sideswiping another vehicle, hitting a mailbox, driving through your garage door and crashing into a ditch. This coverage can be expensive, so consider removing coverage from older vehicles. You can also increase the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for EMT expenses, hospital visits and X-ray expenses. They are often used to fill the gap from your health insurance program or if you do not have health coverage. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay

The best insurance company isn’t always the cheapest

You just read many ways to get a better price on 2012 Chevy Corvette insurance. It’s most important to understand that the more rate quotes you have, the better your comparison will be. You may be surprised to find that the best price on insurance is with some of the lesser-known companies. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate, Geico and Progressive.

Cost effective 2012 Chevy Corvette insurance can be found online and also from your neighborhood agents, and you should be comparing both to have the best rate selection. Some insurance companies do not offer the ability to get quotes online and these regional carriers only sell through independent agents.

When you buy insurance coverage online, don’t be tempted to buy less coverage just to save a little money. In many cases, someone sacrificed physical damage coverage only to regret at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find at the lowest possible cost, but don’t skip important coverages to save money.

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