Compare 2015 Chevrolet Corvette Car Insurance Cost

Want cheaper auto insurance rates for your Chevrolet Corvette? Beginners to comparison shopping online could find buying the cheapest insurance coverage is harder than they anticipated.

It’s a good idea to compare prices once or twice a year due to the fact that insurance prices fluctuate regularly. If you had the best quotes for Corvette coverage six months ago you will most likely find a better rate today. There is too much inaccurate information about auto insurance out there, but in a few minutes you can learn some good information on how to reduce your auto insurance bill.

Learn how to find car insurance at a discount

Many different elements are part of the equation when you quote your car insurance policy. A few of the factors are predictable such as your driving record, although some other factors are not quite as obvious like your continuous coverage and annual miles driven.Consumers need to have an understanding of a few of the rating criteria that help calculate the price you pay for car insurance. If you know what influences your rates, this empowers consumers to make smart changes that can help you get much lower annual insurance costs.

  • Do safer cars cost less to insure? – Cars with high safety ratings get lower rates. Vehicles built for safety have better occupant injury protection and fewer injuries means less money paid by your insurance company and thus lower rates. If the Chevy Corvette is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Good drivers have lower premiums – Careful drivers receive lower rates as compared to careless drivers. Just one chargable violation may cause rates to rise by as much as twenty percent. Drivers who have received careless violations like DWI, reckless driving or hit and run convictions may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.
  • High physical damage deductibles lower costs – Comp and collision deductibles are the amount of money you are willing to pay out-of-pocket before your car insurance pays a claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your car from damage. Some instances where coverage would apply would be collision with another vehicle, hail damage, or theft of your vehicle. The higher the amount the insured is willing to pay, the lower your rates will be for Corvette coverage.
  • Is auto insurance cheaper for women or men? – Statistics show women are more cautious behind the wheel. However, this does not mean females are better at driving than males. They both are responsible for at-fault accidents in similar percentages, but guys have accidents that have higher claims. Not only are claims higher, but men receive more major tickets like driving under the influence (DUI).
  • Your location is a factor – Having an address in a rural area has definite advantages when shopping for auto insurance. Less people corresponds to lower accident rates and also fewer theft and vandalism claims. Drivers who live in large cities tend to have more aggressive driving styles and longer commute times. More time behind the wheel translates into higher accident risk.
  • Don’t cancel your policy without a new one in place – Having a gap between insurance policy dates will be a sure-fire way to trigger a rate increase. Not only will rates go up, getting caught without coverage might get you a fine, jail time, or a revoked license. Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state DMV.
  • High stress occupation may mean higher premiums – Did you know that where you work can have an impact on rates? Careers like lawyersairline pilots and dentists have higher rates than the rest of us in part from stressful work requirements and lots of time spent away from family. Conversely, jobs like actors, athletes and retirees get better rates for Corvette coverage.
  • Stay claim-free and reduce premiums – If you are the type of insured that files lots of claims you shouldn’t be surprised to get either policy cancellation or increased premiums. Auto insurance companies give lower rates to people who do not file claims often. Your car insurance is meant to be used in the event of more catestrophic claims.

How to lower your auto insurance cost

To find cheap insurance coverage quotes, there are several ways to get quotes from auto insurance companies in your area. The recommended way to find cheaper Chevy Corvette rates is to use the internet to compare rates. This can be accomplished in a couple of different ways.

  1. Experts agree that the best way to get quotes is a comparison rater form click here to open form in new window. This easy form keeps you from doing separate quote forms for every auto insurance company. In just a few minutes this one form gets rate comparisons from many national carriers. This is by far the quickest method.
  2. A less efficient way to analyze rates requires you to visit the website for each individual company and get a separate price quote. For example, let’s say you need rates from Geico, State Farm and Allstate. To find out each rate you need to navigate to each company’s site and enter your information, which is why the first method is quicker. To view a list of companies in your area, click here.

Take whichever approach you prefer, but make absolute certain that you use nearly identical coverages and limits with every price quote. If the quotes have unequal deductibles or liability limits it will be impossible to make a fair rate comparison. Having just a slight variation in insurance coverages or limits can mean a large discrepancy in price. It’s important to know that obtaining a wide range of quotes will improve the odds of getting better pricing. Some insurance companies are not set up to provide price estimates online, so you need to compare price quotes from them, too.

These discounts can slash insurance rates

Some companies don’t necessarily list every discount they offer in a way that’s easy to find, so we break down a few of the more common as well as some of the hidden discounts that you may qualify for.

  • Anti-lock Brake System – Vehicles with ABS and/or traction control prevent accidents and will save you 10% or more.
  • Driver Safety – Taking a course in driver safety could possibly earn you a 5% discount if you qualify.
  • E-sign – Some insurance companies will provide an incentive for buying your policy on their website.
  • Student Driver Training – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education as it can save substantially.
  • Discounts for Multiple Vehicles – Buying insurance for multiple vehicles with the same company qualifies for this discount.
  • Good Grades Discount – Performing well in school can save 20 to 25%. Most companies allow this discount up to age 25.
  • Multiple Policy Discount – If you can bundle your home and auto insurance and place coverage with the same company you will save nearly 15% which can help you find low cost insurance coverage.
  • Sign Early and Save – A few companies give discounts for renewing your policy prior to your current policy expiration. You can save around 10% with this discount.
  • Theft Deterent Discount – Cars, trucks, and SUVs that have factory anti-theft systems are stolen less frequently so companies will give you a small discount.

Don’t be surprised that most discounts do not apply to the overall cost of the policy. Most only apply to specific coverage prices like comprehensive or collision. So when it seems like you could get a free insurance policy, it’s just not the way it works.

A list of insurance companies and some of their more popular discounts include:

  • Farmers Insurance offers premium reductions for electronic funds transfer, distant student, pay in full, good student, bundle discounts, multi-car, and business and professional.
  • State Farm may have discounts that include accident-free, defensive driving training, good student, driver’s education, and safe vehicle.
  • Liberty Mutual offers discounts including good student, teen driver discount, hybrid vehicle, exclusive group savings, preferred payment discount, new move discount, and safety features.
  • MetLife includes discounts for defensive driver, accident-free, good student, good driver, multi-policy, and claim-free.
  • Progressive has savings for multi-policy, good student, continuous coverage, homeowner, online signing, multi-vehicle, and online quote discount.

If you want the cheapest insurance coverage quotes, ask every company what discounts are available to you. Some of the earlier mentioned discounts might not be offered on policies in every state. To view companies that offer multiple discounts, click here to view.

When do I need an agent’s advice?

When it comes to buying the right insurance coverage for your personal vehicles, there really is no cookie cutter policy. Each situation is unique.

For example, these questions might help in determining whether your personal situation could use an agent’s help.

  • Do I need motorclub coverage?
  • Is my nanny covered when driving my vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What if I total my 2015 Chevy Corvette and owe more than it’s worth?
  • Does car insurance cover theft of personal property?
  • Should I get collision insurance on every vehicle?
  • Can I afford to buy a different vehicle if my 2015 Chevy Corvette is totaled?
  • How many claims can I have before being cancelled?
  • Is my teen driver covered when they drive my company car?
  • If my pet gets injured in an accident are they covered?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form.

Specific coverage details

Knowing the specifics of your auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for bills like chiropractic care, funeral costs, surgery, doctor visits and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Collision insurance

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

Collision can pay for things like crashing into a building, colliding with another moving vehicle, driving through your garage door, sustaining damage from a pot hole and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Liability

Liability insurance will cover damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things like repair costs for stationary objects, funeral expenses and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Chevy Corvette.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Comprehensive protection

This covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a deer, damage from a tornado or hurricane, theft, damage from flooding and damage from getting keyed. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Be a penny pincher

Insureds switch companies for many reasons like not issuing a premium refund, questionable increases in premium, delays in paying claims or delays in responding to claim requests. It doesn’t matter why you want to switch finding a new company can be easy and end up saving you some money.

As you restructure your insurance plan, do not buy poor coverage just to save money. In many instances, an accident victim reduced full coverage and learned later that they should have had better coverage. Your focus should be to purchase a proper amount of coverage for the lowest cost, not the least amount of coverage.

Discount 2015 Chevy Corvette insurance can be found on the web and with local insurance agents, and you should be comparing both to have the best chance of lowering rates. A few companies may not have rate quotes online and usually these regional carriers sell through independent insurance agents.

More learning opportunities