View 1999 Chevrolet Corvette Insurance Cost

Searching for the cheapest insurance coverage rates for your Chevrolet Corvette? Are you at wits end from sacrificing other expenses each month for insurance coverage? You’re in the same situation as millions of other people.

Numerous insurers battle to insure your vehicles, so it can be very hard to choose a insurer to find the absolute cheapest price

It’s a good habit to do rate comparisons periodically because prices go up and down regularly. Even if you think you had the lowest price for Corvette coverage a year ago the chances are good that you can find a lower rate today. You can find a lot of wrong information about insurance coverage online but by reading this article, you’re going to learn some tested techniques to put money back in your pocket.

Discounts can really help save money

Companies offering auto insurance don’t list all their discounts in a way that’s easy to find, so below is a list some of the more common and the harder-to-find credits that you can use to lower your rates.

• Pay Now and Pay Less – By making one initial payment rather than spreading payments over time you may have a lower total premium amount.
• Driver Training Discounts – Participating in a class that teaches safe driver techniques could possibly earn you a 5% discount and make you a better driver.
• Theft Prevention System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen with less frequency so companies will give you a small discount.
• Paper-free Discount – A few larger online companies provide a small discount just for signing your application on the web.
• Discount for Passive Restraints – Cars that have air bags and/or automatic seat belt systems may get savings of 25 to 30%.
• Lower Rates for Military – Being deployed with a military unit may lower your car insurance rates slightly.
• Resident Student – College-age children who attend college more than 100 miles from home and do not take a car to college could qualify for this discount.
• Discount for New Cars – Insuring a new car can get you a discount because newer vehicles are generally safer.
• Multi-Vehicle Discounts – Purchasing coverage when you have multiple vehicles on a single policy can reduce rates for all insured vehicles.
• Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. This discount can apply up to age 25.

One last thing about discounts, most of the big mark downs will not be given to the entire cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like all the discounts add up to a free policy, you’re out of luck.

Auto insurance companies who might offer some of the discounts shown above are:

• Progressive
• AAA
• Farmers Insurance
• Geico
• Esurance
• SAFECO
• State Farm

Before buying, ask every company which discounts they offer. Savings might not be offered in your state. To find companies that can offer you the previously mentioned discounts, click here to view.

Four tips to get lower-cost insurance prices

Many factors are part of the equation when pricing auto insurance. A few of the factors are predictable like an MVR report, although some other factors are less apparent such as whether you are married or your financial responsibility.

• Rural vs Urban Areas – Residing in less populated areas is a good thing when talking about car insurance. Fewer drivers translates into fewer accidents and also fewer theft and vandalism claims. City drivers regularly have more auto accidents and more severe claims. Spending more time driving means more chances of being involved in an auto accident.
• Vehicles with better crash test results are cheaper to insure – Vehicles with high crash test scores tend to have lower insurance rates. Safe vehicles reduce occupant injuries and better occupant protection means your insurance company pays less and thus lower rates.
• Is insurance coverage cheaper for females or males? – Statistics demonstrate women tend to be less risk to insure than men. The data does not necessarily mean that women are BETTER drivers than men. Both sexes have accidents in similar numbers, but males cause more damage and cost insurance companies more money. Not only are claims higher, but men get ticketed for serious violations like driving under the influence (DUI).
• Accidents increase prices – Drivers who don’t get tickets tend to pay less for car insurance than their less careful counterparts. Having a single speeding ticket or other violation can boost insurance rates by twenty percent. Drivers with dangerous tickets like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to keep their license.

Will just any policy work for me?

When buying the right insurance coverage, there really is not a “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that could help you determine whether you will benefit from professional help.

• Do I benefit by insuring my home with the same company?
• Can my teen driver be rated on a liability-only vehicle?
• Am I insured when driving a different vehicle?
• Is my camper covered by my car insurance policy?
• Does my insurance cover damage caused when ticketed for reckless driving?
• What is covered by UM/UIM coverage?
• Should I buy more coverage than the required minimum liability coverage?
• Why am I required to buy liability insurance?
• Do I pay less if my vehicle is kept in my garage?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Are car insurance companies telling the truth?

Car insurance companies such as Allstate, Geico and Progressive endlessly run television, radio, and online ads. All the ads tend to make the same promise about how much you will save if you just switch your policy. How does every company sell you cheaper insurance coverage? Here is the trick they use.

Most companies can use profiling for the right customer that earns them the most money. For instance, a desirable insured may need to be a married female, has a low-risk occupation, and drives less than 7,500 miles a year. A driver that meets those criteria will get a cheap rate quote as well as save some money.

Insureds who fall outside these criteria will get more expensive rates which leads to business going elsewhere. If you listen closely, the ads state “drivers that switch” not “all people who quote” save that kind of money. That’s why companies can advertise the savings. Because of this risk profiling, it’s extremely important to compare many company’s rates. It is impossible to guess the company that will have the lowest prices for your situation.

Insurance coverages explained

Understanding the coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. These are the usual coverages available from insurance companies.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Collision – Collision insurance pays for damage to your Corvette resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as colliding with another moving vehicle, sustaining damage from a pot hole and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for short-term medical expenses like pain medications, dental work, X-ray expenses, EMT expenses and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Coverage for liability – Liability insurance provides protection from damage or injury you incur to other people or property. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability insurance covers claims such as loss of income, court costs, legal defense fees and pain and suffering. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

Comprehensive protection – This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as a broken windshield, hitting a deer, theft and falling objects. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Save for a rainy day

Budget-friendly auto insurance is possible on the web and from local agencies, so you should compare both so you have a total pricing picture. There are still a few companies who may not offer online rate quotes and usually these small insurance companies prefer to sell through independent insurance agents.

We just covered a lot of tips how to shop for 1999 Chevy Corvette insurance online. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. You may even discover the lowest prices are with an unexpected company. Some small companies may only write in your state and offer lower rates compared to the large companies like State Farm, Geico and Nationwide.

More information can be read on the following sites:

• Property Damage Coverage (Liberty Mutual)
• Tools for Teen Driving Safety (State Farm)
• What to do at the Scene of an Accident (Insurance Information Insitute)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• Teen Driving Statistics (Geico)