Cheaper 1998 Chevrolet Corvette Car Insurance Cost

Are you overwhelmed by the crazy number of insurance coverage choices available to you? You’re not alone. drivers have so many choices that it can really be hard work to locate the lowest premium rates.

It’s smart to compare premium rates as often as possible because prices trend upward over time. Just because you found the best price on Corvette insurance last year you can probably find a lower rate today. Ignore everything you know about insurance coverage because I’m going to let you in on the secrets to the fastest way to get good coverage at a lower rate.

Insurance coverage rates and discounts

Some providers don’t always list every possible discount in a way that’s easy to find, so here is a list both the well known and also the lesser-known credits that may apply to you.

• ABS and Traction Control Discounts – Anti-lock brake equipped vehicles can stop better under adverse conditions and therefore earn up to a 10% discount.
• Theft Deterent – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and that can save you a little bit as well.
• Claim Free – Drivers with accident-free driving histories have much lower rates when compared to drivers who are more careless.
• Military Discounts – Being deployed in the military may lower your rates slightly.
• Driver’s Ed – Have your child sucessfully take a drivers education course if it’s offered in school.
• 55 and Retired – Drivers over the age of 55 can get lower premium rates on Corvette insurance.
• Discounts for Multiple Vehicles – Drivers who insure all your vehicles on a single policy can get a discount on all vehicles.

One thing to note about discounts is that most credits do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Even though it appears you can get free auto insurance, insurance companies wouldn’t stay in business.

Companies and a partial list of their discounts are detailed below.

• Geico offers discounts for emergency military deployment, air bags, multi-policy, multi-vehicle, driver training, and anti-lock brakes.
• Auto-Owners Insurance policyholders can earn discounts including anti-lock brakes, anti-theft, paid in full, good student, mature driver, student away at school, and company car.
• American Family has savings for Steer into Savings, multi-vehicle, accident-free, mySafetyValet, TimeAway discount, and bundled insurance.
• Esurance may offer discounts for multi-car, defensive driver, Pac-12 alumni, claim free, and anti-theft.
• Progressive may include discounts for multi-vehicle, continuous coverage, good student, online signing, homeowner, and online quote discount.
• State Farm offers premium reductions for good student, accident-free, student away at school, Drive Safe & Save, safe vehicle, and driver’s education.
• AAA may have discounts that include multi-car, anti-theft, pay-in-full, education and occupation, and multi-policy.

When getting free auto insurance quotes, it’s a good idea to each insurance company to give you their best rates. Some discounts may not apply in your state.

Situations that may require an agent’s advice

When it comes to choosing proper insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s situation is a little different.

These are some specific questions can aid in determining whether you may require specific advice.

• Can I afford to buy a different vehicle if my 1998 Chevy Corvette is totaled?
• Do I have coverage when using my vehicle for my home business?
• Is my ex-spouse still covered by my policy?
• Should I file a claim if it’s only slightly more than my deductible?
• What exactly is covered by my policy?
• Does my insurance cover my expensive audio equipment?
• What is the difference between comprehensive and collision coverage?
• When should I buy a commercial auto policy?
• How high should my medical payments coverage be?
• Does insurance cover damages from a DUI accident?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form.

Brand name doesn’t guarantee savings

Insurance coverage companies such as 21st Century, Allstate and State Farm seem to constantly run ads on television and other media. They all state the claim that people will save after switching your insurance coverage coverage to their company. How do they all offer drivers better rates? Here is the trick they use.

Insurance coverage companies offer their best rates for the type of driver that earns them the most money. An example of a driver they prefer could possibly be between 30 and 50, has other policies, and the vehicle is rated for pleasure use. Any person who matches those parameters is entitled to the best price and as a result will probably save some money.

Consumers who may not quite match this stringent profile may be required to pay higher rates which leads to business not being written. Company advertisements say “people that switch” but not “everyone who gets a quote” save the amount stated. That’s the way companies can truthfully make the claims of big savings. Because of this risk profiling, you should compare quotes as often as possible. It’s not possible to predict which insurance coverage company will provide the lowest premium rates.

Coverages available on your insurance policy

Understanding the coverages of a insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 1998 Chevy Corvette.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Liability coverages – This protects you from injuries or damage you cause to other’s property or people that is your fault. It protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability insurance covers claims like funeral expenses, repair costs for stationary objects and medical expenses. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Collision coverages – This coverage will pay to fix damage to your Corvette from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as colliding with another moving vehicle, hitting a parking meter, driving through your garage door and colliding with a tree. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for short-term medical expenses such as chiropractic care, hospital visits, funeral costs, ambulance fees and doctor visits. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive insurance – This pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hitting a bird, damage from a tornado or hurricane, vandalism and falling objects. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Be a Smart Shopper

People leave their current company for a number of reasons such as questionable increases in premium, poor customer service, high prices and even high rates after DUI convictions. It doesn’t matter what your reason, finding a new auto insurance company is pretty easy and you might even save some money in the process.

When buying insurance coverage, make sure you don’t skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced liability limits or collision coverage and learned later that the few dollars in savings costed them thousands. Your goal is to get the best coverage possible at a price you can afford, not the least amount of coverage.

Some companies may not have price quotes online and usually these regional carriers only sell through local independent agents. More affordable auto insurance is attainable both online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money.

Additional information is located at the links below

• Determining Your Vehicle’s Value and Repair Cost (Insurance Information Insitute)
• Rollover Crash FAQ (iihs.org)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Learn About Car Insurance (Geico)
• Winter Driving (Insurance Information Insitute)