1992 Chevrolet Corvette Insurance Quotes

Searching for better auto insurance rates for your Chevrolet Corvette? Being forced to pay for overpriced auto insurance premiums can deplete your savings account and make it hard to pay other bills. Since vehicle owners have many choices of insurance companies, it can be impossible to locate the most cost effective insurer.

You need to check auto insurance prices before your policy renews because auto insurance prices fluctuate regularly. Just because you had the best rates for Corvette insurance six months ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to one of the best ways to reduce your cost while improving coverage.

Eight tips to get cheap insurance premiums

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the factors that help determine the rates you pay for auto insurance. When consumers understand what determines base rates, this empowers consumers to make smart changes that may result in cheaper rates. Many different elements are used when premium rates are determined. Some are pretty understandable such as traffic violations, but others are less apparent such as your credit history or your commute time.

The following are some of the things that factor into rates.

• Liability insurance is peace of mind – A critical coverage on your policy, liability insurance is the coverage that protects you if you are found liable for damages caused by your negligence. Your policy’s liability insurance provides legal defense which can cost thousands of dollars. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
• Single drivers take more risk – Having a spouse may cut your premiums when shopping for auto insurance. Having a significant other generally demonstrates drivers are more mature and responsible and insurance companies reward insureds because drivers who are married are more cautious.
• Premiums are lower the older you get – Older drivers tend to be more responsible, cost insurance companies less in claims , and are generally more financially stable.Beginning drivers are statistically proven to be inattentive when behind the wheel and because of this, their auto insurance rates are much higher.
• Cut prices and deter theft – Buying a car that has a built-in theft deterrent system can save you a little every year. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent vehicle theft.
• Save money by having multiple policies – Some companies apply discounts to policyholders who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount applied, it’s always a smart idea to compare rates to verify if the discount is saving money. Drivers may still save even more than the discount even if you have your coverage with different companies
• Never go without auto insurance – Not having insurance is against the law and auto insurance companies will penalize you for letting your coverage cancel without a new policy in place. Not only will you pay higher rates, the inability to provide proof of insurance could earn you a license revocation or jail time.
• Traffic violations will cost you – Getting just one ticket could increase your next policy renewal by twenty percent. Drivers who don’t get tickets receive lower rates compared to drivers with tickets. Drivers who get multiple tickets such as reckless driving, hit and run or driving under the influence may find they need to file a SR-22 with the DMV in their state in order to drive a vehicle legally.
• Vehicles with better crash test results lower prices – Cars with high safety ratings tend to have lower insurance rates. Safe vehicles have better occupant injury protection and fewer injuries means lower claim amounts and lower rates for you.

How to compare auto insurance quotes

There are several ways to compare auto insurance prices but one way is less time-consuming than others. You can spend countless hours talking about coverages with local insurance agents in your area, or you could save time and use online quoting to get rates in a matter of minutes.

Many popular insurance companies participate in an industry program where insurance shoppers send in one quote, and each participating company can provide price quotes based on that information. This prevents consumers from doing repetitive form submissions for every auto insurance company.

To get comparison pricing now click here to start a free quote.

The single downside to doing it this way is that consumers can’t choose which providers you want to price. So if you prefer to pick specific providers to compare rates, we have a page of companies who write auto insurance in your area. Click to view list.

The approach you take is up to you, just do your best to use identical quote data for every company. If you enter higher or lower deductibles it will be impossible to make a fair rate comparison.

Verify you’re receiving every discount

Not too many consumers would say car insurance is affordable, but companies offer discounts to help offset the cost. Some of these disounts will be visible when you quote, but less common discounts must be specifically requested before you will receive the discount.

• Pay Early and Save – If you can afford to pay the entire bill instead of paying each month you could save 5% or more.
• Anti-lock Brakes – Vehicles with anti-lock braking systems can stop better under adverse conditions and earn discounts up to 10%.
• Accident Forgiveness Coverage – Not a discount per se, but a handful of insurance companies will let one accident slide without the usual rate increase if you have no claims for a specific time period.
• Driver Safety – Taking time to complete a course in defensive driving may get you a small discount depending on where you live.
• Discounts for Responsible Drivers – Safe drivers can save as much as half off their rates for Corvette insurance than drivers with accidents.

Policy discounts save money, but some of the credits will not apply the the whole policy. Most only apply to the cost of specific coverages such as medical payments or collision. So even though you would think having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will cut the cost of coverage.

A few companies that may offer policyholders most of these discounts are:

• State Farm
• Geico
• SAFECO
• Farmers Insurance
• AAA
• USAA

If you are trying to find low cost car insurance quotes, ask every company which discounts can lower your rates. Depending on the company, some discounts might not be offered in your state. If you would like to view providers that have a full spectrum of discounts, click here.

When should I discuss my situation with an agent?

When choosing adequate coverage for your vehicles, there is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if your situation will benefit from professional help.

• Do I need medical payments coverage since I have good health insurance?
• How do I insure my teen driver?
• What is covered by UM/UIM coverage?
• What can I do if my company denied a claim?
• What is no-fault insurance?
• At what point should I drop full coverage?
• Do all my vehicles need collision coverage?
• Are my friends covered when driving my 1992 Chevy Corvette?
• Does my 1992 Chevy Corvette qualify for pleasure use?

If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and can help protect your family.

Specifics of your insurance policy

Having a good grasp of insurance can be of help when determining the right coverages for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverages found on most insurance policies.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance pay for expenses such as rehabilitation expenses, prosthetic devices, hospital visits, doctor visits and funeral costs. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability – Liability insurance provides protection from damages or injuries you inflict on other people or property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims like structural damage, bail bonds, court costs, attorney fees and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision coverage – This covers damage to your Corvette resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like backing into a parked car, scraping a guard rail and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from a tornado or hurricane, fire damage and vandalism. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

In Summary

When shopping online for insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice collision coverage only to find out that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage for the lowest price.

Some companies may not provide online rate quotes and most of the time these regional insurance providers prefer to sell through independent insurance agents. Cost effective 1992 Chevy Corvette insurance is attainable online and also from your neighborhood agents, and you should compare rates from both to have the best chance of lowering rates.

Additional information is located below:

• Insuring a Leased Car (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• What if I Can’t Find Coverage? (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)