How Much Does 1991 Chevrolet Corvette Insurance Cost?

Drivers have a choice when trying to find low-cost Chevy Corvette insurance. They can either spend hours driving around getting price quotes or use the internet to make rate comparisons.

There are both good and bad ways to compare auto insurance rates and you need to know the absolute fastest way to compare rates for a new or used Chevy and find the lowest price either online or from local insurance agents.

It’s important to quote other rates periodically since insurance prices change quite often. Just because you found the best rates for Corvette coverage a few years ago there may be better deals available now. Forget all the misinformation about auto insurance because we’re going to demonstrate the things you must know in order to find the best coverage while lowering your premiums.

The purpose of this article is to teach you how to get online quotes and some tricks to saving. If you have car insurance now, you will most likely be able to save some money using these methods. Vehicle owners only need an understanding of the most efficient way to shop their coverage around online.

Drivers save money with these money-saving discounts

Insuring your vehicles can cost a lot, but you may find discounts that many people don’t even know exist. Many discounts should be triggered when you complete an application, but some must be asked about before you get the savings.

• No Claims – Drivers with accident-free driving histories can earn big discounts compared to frequent claim filers.
• Seat Belts Save more than Lives – Forcing all vehicle occupants to use their safety belts could cut 10% or more off the PIP or medical payment premium.
• Distant Student – Youth drivers living away from home attending college and won’t have access to an insured vehicle could get you a discount.
• Driver Education Discount – Cut your cost by having your teen driver complete a driver education course in school or through a local driver safety program.
• Good Grades Discount – Excelling in school may save as much as 25% on a auto insurance quote. This discount can apply up until you turn 25.
• Senior Citizen Rates – Drivers that qualify as senior citizens could receive a slight reduction on a auto insurance quote for Corvette coverage.
• Home Ownership Discount – Owning a home can save you money since home ownership demonstrates responsibility.
• Government Employee Discount – Simply working for the federal government can earn a discount up to 10% for Corvette coverage depending on your company.
• Air Bags and Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems can get savings of 25 to 30%.
• Fewer Miles Equal More Savings – Low annual miles may allow you to get substantially lower auto insurancerates.

You can save money using discounts, but some of the credits will not apply to your bottom line cost. Some only reduce the cost of specific coverages such as collision or personal injury protection. Despite the appearance that you can get free auto insurance, nobody gets a free ride.

Large auto insurance companies and their possible discounts include:

• State Farm has savings for safe vehicle, good student, Steer Clear safe driver discount, multiple policy, accident-free, defensive driving training, and Drive Safe & Save.
• Geico may have discounts that include good student, anti-theft, multi-policy, emergency military deployment, and seat belt use.
• Allstate policyholders can earn discounts including multi-policy, teenSMART discount, utility vehicle, new car, anti-lock brakes, safe driver, and good student.
• SAFECO discounts include bundle discounts, multi-car, anti-theft, accident prevention training, safe driver, teen safety rewards, and homeowner.
• Farm Bureau offers discounts for multi-vehicle, 55 and retired, youthful driver, good student, safe driver, and driver training.
• Progressive offers discounts including continuous coverage, online quote discount, multi-vehicle, good student, multi-policy, and online signing.
• AAA includes discounts for AAA membership discount, multi-policy, multi-car, good student, anti-theft, good driver, and pay-in-full.

Before you buy a policy, ask every prospective company which discounts they offer. Some credits might not be offered in your area. To view insurance companies who offer cheap auto insurance quotes, click this link.

The easiest way to compare rate quotes is to understand almost all companies pay for the opportunity to give free rates quotes. The only thing you need to do is provide details like if you’re married, if you have a valid license, how you use your vehicles, and whether or not you need a SR-22. Your rating data gets sent immediately to insurance carriers in your area and they return rate quotes instantly to find the best rate.

How insurance providers determine Chevy Corvette insurance rates

It’s important that you understand the different types of things that help calculate insurance rates. When consumers understand what influences your rates, this helps enable you to make changes that may reward you with big savings. Lots of factors are considered when you get your auto insurance bill. Some are obvious such as your driving record, but other criteria are more transparent such as your credit history or how safe your car is.

• Location can impact price – Residing in small towns and rural areas has definite advantages when shopping for auto insurance. Less people means reduced accidents in addition to fewer liability claims. Residents of big cities regularly have more aggressive driving styles and a longer drive to work. More time behind the wheel means more chance of being in an accident.
• Frequent claims will increase rates – If you’re an insured who likes to file claims you shouldn’t be surprised to get higher rates. Auto insurance companies give lower rates to drivers that do not abuse their auto insurance. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
• Cars with good safety ratings cost less to insure – Cars with high safety ratings tend to be cheaper to insure. Safer cars reduce injuries and fewer serious injuries translates into savings for insurance companies which can result in lower premiums.
• Liability insurance claims can be big – Liability insurance is the coverage that protects you if you are found to be at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides you with a defense in court which can cost a lot. Liability is cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.
• Costs increase with policy add-ons – There are quite a few additional extra coverages that may not really be needed but may not be useful. Coverages like rental car reimbursement, better glass coverage, and Farm Bureau memberships may be wasting your money. They may sound like good ideas when you first buy your policy, but your needs may have changed so eliminate them to save money.

Do I need special coverages?

When choosing coverage for your vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different.

These are some specific questions might help in determining if your situation could use an agent’s help.

• Why do I need rental car insurance?
• Am I covered if I hit a deer?
• What is roadside assistance coverage?
• Is borrowed equipment or tools covered if stolen or damaged?
• What exactly is covered by my policy?
• Is motorclub coverage worth it?
• Do I need medical payments coverage since I have good health insurance?
• Do I need special endorsements for business use of my vehicle?
• Is a new car covered when I drive it off the dealer lot?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form. It only takes a few minutes and you can get the answers you need.

Can switching companies really save?

Consumers can’t get away from all the ads that promise big savings by State Farm, Allstate and Geico. They all seem to make the point about savings if you change your auto insurance policy to them.

How is it plausible that every one can charge you less for car insurance? Here is the trick they use.

Different companies give the best rates for the right customer that will most likely be profitable. One example of a profitable insured could possibly be between 30 and 50, has no claims, and drives a car with an anti-theft system. Anyone who meets those qualifications will probably get cheap prices and have a good chance to cut their rates if they switch.

Consumers who do not fit those criteria will be charged a higher rate which translates to the customer not purchasing. The trick companies use is to say “drivers who switch” but not “everyone who gets a quote” can get the lowest rates when switching. This is how insurance companies can make claims that they all have the best rates.

Because of the profiling, you should do a rate comparison at every renewal. It’s just too difficult to predict which company will be your best fit.

Insurance coverage basics

Knowing the specifics of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and coverage can change by endorsement.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like hospital visits, nursing services and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Chevy Corvette.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto collision coverage

This covers damage to your Corvette resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as driving through your garage door, damaging your car on a curb, scraping a guard rail, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also choose a higher deductible to save money on collision insurance.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a bird, a broken windshield, rock chips in glass and damage from getting keyed. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for liability

Liability coverage provides protection from damage that occurs to a person or their property in an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as structural damage, court costs, emergency aid, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

Coverage on a shoestring budget

Consumers change insurance companies for a variety of reasons including unfair underwriting practices, policy cancellation, delays in responding to claim requests and even lack of trust in their agent. It doesn’t matter what your reason, choosing a new insurance company can be less work than you think.

Throughout this article, we presented some good ideas how you can shop for 1991 Chevy Corvette insurance online. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting low cost auto insurance. Consumers may even find the best price on auto insurance is with an unexpected company.

Cheaper 1991 Chevy Corvette insurance can be purchased from both online companies and from local agencies, and you need to comparison shop both to have the best selection. Some insurance providers may not offer the ability to get a quote online and these small, regional companies provide coverage only through local independent agents.

For more information, link through to the resources below:

• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Things to Know Before you Cancel Insurance (Allstate)
• Choosing an Insurance Company (Insurance Information Insitute)
• Credit Impacts Car Insurance Rates (State Farm)