View 2014 Chevrolet Corvette Stingray Insurance Cost

Looking for the cheapest insurance rates for your Chevrolet Corvette Stingray? Are you irritated from trying to scrape together enough money to pay your insurance bill each month? Your situation is no different than many other drivers. Online insurance companies like State Farm, Farmers Insurance, Geico and Allstate promote their brand names with ad campaigns and consumers find it hard to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.

If you have insurance now or need new coverage, you will benefit by learning to find the best rates while maximizing coverage. Finding the best rates is easy if you know what you’re doing. Vehicle owners just need to learn the proper methods to find the lowest price online.

The quickest method to compare rate quotes is to understand almost all companies allow for online access to quote your coverage. The one thing you need to do is take a few minutes to give details like your credit rating estimate, whether you are married, how much coverage you want, and driver ages. Your insurance information gets sent immediately to all major companies and they return quotes instantly to find the best rate.

Why you might pay increased rates

Lots of things are used when you get a price on insurance. Most are fairly basic like an MVR report, but some are not quite as obvious such as whether you are married or your commute time.It’s important that you understand a few of the rating criteria that help determine your premiums. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you better insurance rates.

The following are some of the major factors used by companies to determine your prices.

  • Big city or small town – Residing in small towns and rural areas has definite advantages when buying insurance. Less people living in that area means a lower chance of having an accident. City drivers have traffic congestion and more time behind the wheel. Longer commute distances can result in more accidents.
  • Do you have enough liability? – A critical coverage on your policy, liability insurance will afford coverage in the event that you are found to be at fault for physical damage or personal injury to other. This coverage provides for a legal defense which can cost thousands of dollars. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
  • Insurance companies don’t like frequent insurance claims – If you are the type of insured that files lots of claims you shouldn’t be surprised to get higher rates. Companies award the best rates to policyholders who are not frequent claim filers. Your car insurance is meant to be used in the event of more catestrophic claims.
  • A linsurance policy lapse is a bad thing – Not having insurance can get you a ticket and insurance companies will penalize you for letting your coverage cancel without a new policy in place. And not only will your rates increase, getting caught without coverage might get you a revoked license or a big fine. You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.
  • Is auto insurance cheaper for women or men? – Over the last 30 years, statistics show that women are safer drivers than men. However, don’t assume that men are WORSE drivers than women. Men and women cause auto accidents in similar numbers, but men cause more damage and cost insurance companies more money. In addition to higher claims, males also get higher numbers of serious violations such as reckless driving.
  • Insure car and home with the same company – Most insurance companies allow discounts to buyers who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even if you’re getting this discount drivers will still want to compare rates to help guarantee you have the best rates.
  • Don’t get traffic citations – A bad driving record has a lot to do with how much you pay for insurance. Attentive drivers tend to pay less for car insurance than bad drivers. Having a single ticket can increase the cost of insurance twenty percent or more. Drivers who have received license-revoking tickets like reckless driving, hit and run or driving under the influence may find they need to file a SR-22 with their state DMV in order to drive a vehicle legally.
  • Deter car thieves – Choosing a vehicle that has a built-in theft deterrent system can help lower your rates. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent vehicle theft.

Do you qualify for discounts?

Car insurance is expensive, but you might be missing out on some discounts that many people don’t even know exist. Most are applied when you get a quote, but some may not be applied and must be requested specifically before being credited. If you are not receiving all the discounts possible, you’re just leaving money on the table.

  • Resident Student – Older children who are enrolled in higher education away from home and don’t have a car may be able to be covered for less.
  • Service Members Pay Less – Being deployed in the military could mean lower premium rates.
  • Save over 55 – Mature drivers can get a slight reduction on a insurance coverage quote on Corvette Stingray insurance.
  • Theft Deterent Discount – Cars and trucks that have factory anti-theft systems are stolen less frequently and can earn a small discount on your policy.
  • Discount for Low Mileage – Driving less may enable drivers to earn slightly better prices than normal.
  • No Claims – Drivers who stay claim-free have much lower rates as opposed to accident-prone drivers.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you can avoid the installment charge.
  • Safety Course Discount – Taking part in a course in defensive driver could save 5% or more depending on where you live.

Don’t be shocked that many deductions do not apply to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. Just because it seems like it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will definitely reduce your premiums.

Some of the larger companies that may have many of the previously listed discounts possibly include:

Before purchasing a policy, check with each company which discounts you may be entitled to. Some discounts might not be available to policyholders in your area. If you would like to see a list of insurers that offer many of these discounts, click here.

Don’t assume everyone needs the same auto insurance coverage

When choosing the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. These are some specific questions can aid in determining if your insurance needs will benefit from professional help.

  • Am I covered when using my vehicle for business?
  • Why is insurance for a teen driver so high?
  • Am I covered when driving on a suspended license?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Should I buy more coverage than the required minimum liability coverage?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Is my nanny covered when driving my vehicle?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Coverages available on your policy

Having a good grasp of a auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages offered by auto insurance companies.

Collision insurance

Collision insurance pays for damage to your Corvette Stingray resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as damaging your car on a curb, rolling your car, crashing into a building, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage for liability

This protects you from injuries or damage you cause to a person or their property that is your fault. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as court costs, legal defense fees and attorney fees. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

Comprehensive protection

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as rock chips in glass, damage from flooding, a broken windshield and hitting a bird. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured or underinsured coverage

This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Chevy Corvette Stingray.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses for chiropractic care, nursing services, doctor visits, EMT expenses and prosthetic devices. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Save your cold hard cash

When searching for cheaper insurance coverage quotes, it’s a bad idea to sacrifice coverage to reduce premiums. There are too many instances where an insured dropped uninsured motorist or liability limits only to find out that the small savings ended up costing them much more. The goal is to buy enough coverage at the lowest possible cost.

In this article, we covered many ideas to get a better price on 2014 Chevy Corvette Stingray insurance. The key concept to understand is the more you quote insurance coverage, the higher the chance of saving money. You may even find the lowest priced insurance coverage comes from a smaller regional carrier. Regional companies may often insure only within specific states and give getter rates than their larger competitors like Allstate and Progressive.

Additional detailed information can be read in these articles: