How Much Does 1995 Chevrolet Corvette Car Insurance Cost?

Searching for more affordable car insurance on the internet might appear impossible for drivers new to quoting and buying insurance on the internet. With more and more online companies available, how are drivers expected to be able to compare every company to locate better rates?

Finding affordable coverage can be fairly easy. In a nutshell, everyone who shops for insurance coverage will most likely be able to cut their insurance bill. But car owners must learn how the larger insurance companies market insurance on the web because it can help you find the best coverage.

Which insurance coverage is cheapest?

Shopping for lower insurance coverage rates can take time and effort if you don’t know the most efficient way to do it. You could waste a few hours driving to agents in your area, or you could use online quotes to get pricing more quickly.

Most of the larger companies take part in a program that allows shoppers to complete one form, and each company returns a rated price based on that data. This system prevents you from having to do repetitive form submissions to each company. To find out how much you can save on insurance coverage click to open in new window.

The single downside to getting quotes like this is buyers cannot specifically choose the providers you want to price. So if you prefer to pick individual companies to compare prices, we have a listing of low cost insurance coverage companies in your area. View list of insurance companies.

It’s your choice how you get your quotes, but make sure you use exactly the same coverage limits for each price quote. If your comparisons have different data it’s impossible to determine which company has the best rates. Quoting even small variations in limits can make a big difference in price. Just keep in mind that quoting more gives you a better chance of getting a lower rate.

Lower-cost auto insurance rates with discounts

Some providers don’t always advertise the entire discount list in an easy-to-find place, so the next list breaks down some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy insurance online.

• Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you can avoid the installment charge.
• Telematics Devices – People who choose to allow companies to track where and when they drive by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm might get better premium rates as long as the data is positive.
• Safe Driver Discounts – Accident-free drivers can get discounts for up to 45% lower rates for Corvette insurance than less cautious drivers.
• Government Employee Discount – Simply working for the federal government could provide a small rate reduction for Corvette insurance depending on your auto insurance provider.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and qualify for as much as a 10% discount.

As a sidenote, most discounts do not apply to your bottom line cost. A few only apply to specific coverage prices like liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, you’re out of luck.

A few popular companies and a partial list of their discounts are shown below.

• State Farm includes discounts for multiple autos, defensive driving training, anti-theft, passive restraint, and good student.
• Farmers Insurance may offer discounts for bundle discounts, good student, multi-car, alternative fuel, homeowner, switch companies, and distant student.
• Geico offers discounts including anti-theft, seat belt use, five-year accident-free, good student, and air bags.
• American Family offers discounts for good student, TimeAway discount, early bird, accident-free, and defensive driver.
• Nationwide offers premium reductions for multi-policy, accident-free, easy pay, defensive driving, family plan, and Farm Bureau membership.
• Progressive may include discounts for homeowner, good student, multi-policy, online signing, multi-vehicle, and continuous coverage.

Before purchasing a policy, check with every company how you can save money. Some discounts listed above might not be offered on policies in every state. If you would like to choose from a list of insurers that offer discounts, click here.

Tailor your auto insurance coverage to you

When it comes to buying adequate coverage, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that can aid in determining whether or not you could use an agent’s help.

• How do I file an SR-22 for a DUI in my state?
• Does my policy pay for OEM or aftermarket parts?
• Does my 1995 Chevy Corvette need full coverage?
• Where can I find DUI or SR-22 insurance?
• What is the rate difference between pleasure use and commuting?
• What is the ISO rating for a 1995 Chevy Corvette?
• Does my policy cover me when driving someone else’s vehicle?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form.

How you can control Chevy Corvette insurance costs

Many factors are used in the calculation when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, but other criteria are more transparent such as your marital status or how safe your car is.When buying auto insurance it’s important to understand some of the things that help determine your policy premiums. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that can earn you lower premium levels.

The itemized list below are most of the major factors used by companies to determine prices.

• Liability is important – Liability coverage will afford coverage when you are found liable for damages from an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. Liability insurance is pretty cheap as compared to coverage for physical damage, so buy as much as you can afford.
• Cut prices and deter theft – Buying a car with a theft deterrent system can earn a premium discount. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms all help stop your car from being stolen.
• Good drivers have lower premiums – Your driving citation history impacts premiums far more than you think. Careful drivers pay lower auto insurance prices than their less careful counterparts. Even one speeding ticket or other violation can boost insurance rates to the point where it’s not affordable. Drivers who have severe violations like DUI, reckless driving or excessive speeding may find they need to complete a SR-22 with the DMV in their state in order to prevent their license from being revoked.
• Commute or pleasure use – The more you drive your Chevy annually the higher your rates will be. Most companies charge rates based on their usage. Cars that have low annual miles can be on a lower rate level than those used for commuting. Ask your agent if your declarations sheet shows annual mileage, because it can save money. Having an incorrect usage rating on your Corvette is just wasting money.
• With age comes lower rates – Older people are proven to be safer behind the wheel, file fewer claims and tend to be get fewer driving tickets.Teenage drivers have a tendency to be careless and easily distracted when driving and because of this, their auto insurance rates are much higher.
• Men drivers tend to cost more – Over the last 30 years, statistics show that females tend to be a little less risky than males. However, this does not mean males are worse at driving than females. Males and females tend to get into at-fault accidents in similar numbers, but the men tend to have more serious accidents. Men also get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers have the highest risk to insure and thus pay the highest rates.
• How many coverages with the same company – Most larger companies provide better rates to buyers that purchase more than one policy in the form of a multi-policy discount. Discounts can add up to five, ten or even twenty percent. Even with this discount, it’s still a good idea to compare other company rates to verify if the discount is saving money.
• Incidental coverages can add up – There are a ton of optional add-on coverages that you can get tricked into buying if you aren’t diligent. Coverages like coverage for rental cars, death and dismemberment, and additional equipment coverage are probably not needed. They may sound like good ideas when buying your policy, but now you might not need them so eliminate them to save money.

Auto insurance in the media

Popular auto insurance providers such as Progressive, Allstate and Geico consistently run ads on television and other media. They all seem to make the same claim about how much you will save if you get a free insurance quote and switch your policy. It sounds good, but how can they all give you a better price? It’s all in the numbers.

Insurance companies give the cheapest rates for the right customer that earns them a profit. An example of this type of risk profile may be over the age of 40, insures multiple vehicles, and drives less than 10,000 miles a year. Anybody who meets those qualifications will get a cheap rate quote and will probably pay quite a bit less when switching companies.

Potential customers who do not fit those standards must pay a higher rate and the customer not buying. Company advertisements say “people who switch” not “everyone who quotes” save that much. That’s why insurance companies can confidently make claims like that.

This emphasizes why it’s extremely important to quote coverage with many companies. It’s not possible to predict which company will have the best rates for your profile.

Learn about insurance coverages for a Chevy Corvette

Learning about specific coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive or Other Than Collision

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like damage from a tornado or hurricane, a broken windshield and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Corvette.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these limits are similar to your liability insurance amounts.

Coverage for collisions

This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims like colliding with another moving vehicle, colliding with a tree and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for bills like surgery, prosthetic devices, chiropractic care, nursing services and pain medications. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Liability

This coverage can cover injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like bail bonds, funeral expenses and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy as large an amount as possible.

Shop around and save

Insureds who switch companies do it for any number of reasons including high prices, not issuing a premium refund, an unsatisfactory settlement offer and extreme rates for teen drivers. Regardless of your reason for switching companies, finding the right insurance coverage provider is not as hard as you think.

In this article, we covered a lot of tips how to get a better price on 1995 Chevy Corvette insurance. The key concept to understand is the more providers you compare, the better your chances of lowering your car insurance rates. You may be surprised to find that the best price on insurance coverage is with a smaller regional carrier.

Some insurance coverage companies do not offer the ability to get quotes online and these regional insurance providers sell through local independent agents. Cost effective 1995 Chevy Corvette insurance can be sourced from both online companies as well as from independent agents, so compare prices from both so you have a total pricing picture.

Additional insurance coverage information is located at the links below

• Help Your Teen Be a Better Driver (State Farm)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• Drunk Driving Statistics (Insurance Information Insitute)
• Insurance Losses by Make and Model (iihs.org)
• Car Insurance FAQ (Trusted Choice)
• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)