1996 Chevrolet Corvette Insurance Rates – 9 Policy Discounts

Paying more affordable coverage rates for Driversinsurance coverage may be hard for drivers who are beginners to comparison shopping online. Because there are so many online companies, it can quickly become a big hassle to find the perfect company for you.

Shopping for the best coverage is simple if you know the tricks. Just about every driver who carries car insurance stands a good chance to be able to reduce their rates. Nevertheless, car owners must learn how the larger insurance companies market on the web and apply this information to your search.

How to find affordable insurance coverage

Shopping for lower insurance coverage rates can take time and effort if you aren’t aware of the fastest way to get free quotes. You could waste time talking about coverages with agents in your area, or you could save time and use online quotes to maximize your effort.

Many of the larger companies are enrolled in a marketplace where prospective buyers submit one quote, and each participating company returns a competitive quote based on that information. This eliminates the need for form submissions to each individual insurance coverage company.

To use this form to compare rates click here (opens in new window).

The only downside to using this type of form is buyers cannot specifically choose which insurance companies to get quotes from. So if you want to choose specific providers to compare rates, we have assembled a list of insurance coverage companies in your area. Click here for list of insurance companies.

Compare rates however you want, just ensure you’re using the same deductibles and coverage limits for each price quote. If you have different data it will be impossible to make a fair comparison for your Chevy Corvette. Having just a slight variation in coverage limits can result in a big premium difference. And when comparing insurance coverage rates, know that comparing all the rates in your area will improve the odds of getting a better price.

Cheap auto insurance rates with discounts

Some insurance providers don’t always publicize all disounts in a way that’s easy to find, so the following is a list of a few of the more common and also the lesser-known discounts you could be receiving when you buy insurance coverage online.

• Accident-Free Discounts – Insureds who avoid accidents and claims pay much less as compared to drivers who are more careless.
• Military Rewards – Being on active duty in the military could qualify you for better rates.
• Safety Course Discount – Successfully completing a driver safety class could possibly earn you a 5% discount and also improve your driving technique.
• Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
• Multiple Policy Discount – When you combine your auto and homeowners insurance and place coverage with the same company they may give you a discount of 10% to 20% off each policy.
• Discounts for Government Workers – Simply working for the federal government could cut as much as 10% off on Corvette coverage depending on your company.
• Telematics Data Discounts – Drivers who agree to allow their company to spy on where and when they drive by installing a telematics device like Allstate’s Drivewise may see discounts if they have good driving habits.
• Discounts for Multiple Vehicles – Buying insurance for multiple vehicles on a single policy can reduce the rates for all insured vehicles.
• College Student Discount – Any of your kids who are enrolled in higher education away from home and do not have access to a covered vehicle can be insured at a reduced rate.

As a disclaimer on discounts, some of the credits will not apply the the whole policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like all those discounts means the company will pay you, it doesn’t quite work that way.

A list of auto insurance companies and the discounts they provide can be found below.

• Progressive includes discounts for good student, online signing, multi-policy, online quote discount, and continuous coverage.
• AAA discounts include good driver, education and occupation, multi-car, multi-policy, pay-in-full, and AAA membership discount.
• Farmers Insurance policyholders can earn discounts including switch companies, bundle discounts, mature driver, business and professional, homeowner, and youthful driver.
• Geico offers discounts for five-year accident-free, anti-theft, federal employee, good student, defensive driver, air bags, and multi-policy.
• Esurance may have discounts that include paid-in-full, Switch & Save, renters, good driver, online shopper, and multi-car.
• SAFECO has discounts for multi-car, homeowner, bundle discounts, teen safety rewards, teen safe driver, drive less, and anti-theft.
• State Farm offers premium reductions for multiple autos, multiple policy, defensive driving training, accident-free, and anti-theft.

Check with each company or agent which discounts you may be entitled to. Depending on the company, some discounts may not be offered in your state.

Tailor your car insurance coverage to you

When choosing proper insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Everyone’s needs are different.

These are some specific questions may help highlight whether you will benefit from professional help.

• What is the rate difference between pleasure use and commuting?
• Should I buy additional glass protection?
• Am I getting all the discounts available?
• Should I buy full coverage?
• Do I need replacement cost coverage?
• Do I need replacement cost coverage on my 1996 Chevy Corvette?
• Are rock chip repairs covered?
• Am I covered when driving someone else’s vehicle?

If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.

Learn about car insurance coverages for a Chevy Corvette

Knowing the specifics of a car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Collision – Collision coverage covers damage to your Corvette resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like crashing into a building, sideswiping another vehicle, hitting a parking meter and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible in order to get cheaper collision rates.

UM/UIM Coverage – This provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Chevy Corvette.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for expenses for things like surgery, rehabilitation expenses and chiropractic care. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a broken windshield, fire damage and a tree branch falling on your vehicle. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Coverage for liability – Liability insurance protects you from injuries or damage you cause to people or other property by causing an accident. 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 policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things like structural damage, funeral expenses and medical services. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

More quotes. Lower rates.

Insureds change insurance companies for many reasons like not issuing a premium refund, high rates after DUI convictions, policy non-renewal or even unfair underwriting practices. It doesn’t matter what your reason, finding a new auto insurance company is not as difficult as it may seem.

When trying to cut insurance costs, it’s very important that you do not reduce coverage to reduce premium. In too many instances, an insured cut physical damage coverage only to regret that it was a big error on their part. The ultimate goal is to purchase plenty of coverage at the best price, but do not sacrifice coverage to save money.

Throughout this article, we presented some good ideas how you can save on 1996 Chevy Corvette insurance. The key concept to understand is the more you quote insurance coverage, the better chance you’ll have of finding low cost insurance coverage. Drivers may discover the best car insurance rates are with the least-expected company.

To learn more, feel free to visit these articles:

• Safety Belts FAQ (iihs.org)
• What is a Telematics Device? (Allstate)
• Teen Driving Statistics (iihs.org)
• Liability Insurance Coverage (Nationwide)
• Auto Crash Statistics (Insurance Information Insitute)