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.
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.
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:
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.
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.
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.
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.
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.
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.
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:
Alease Stark
Will Allstate give a discount for driver training?
Isabel Jacobs
Located in Portland, ME. Got quotes with Nationwide, Encompass, 21st Century, and AIG Insurance for my Corvette and am saving around $60 a year. I even had a DUI years ago. You can get a rate quote online. I don’t have comp or collision coverage.
Susannah Dunn
Is GEICO or State Farm cheaper in Rutland, Vermont?
Luvenia Hodge
Cheaper car insurance is a myth. Went with Safeco for my 1999 Chevrolet Corvette and cut my rates about $110 a year. Not worth enough to pay for comprehensive and collision.
Burma Bird
If you don’t have tickets and are close to New York City, NY, check out 21st Century. They seem to be cheaper. My new agent seems to be really good. My Chevrolet doesn’t have full coverage.
Dorethea Edwards
Cheaper not always better. I’m in the suburbs of Hilo, HI. Got quotes from Amica, Encompass, and Sentry for my Corvette and saved around $80 a year. I only have liability coverage on it.
Loni Riley
I can’t pay high rates. I live in Las Cruces, NM. I got free rates from State Farm, AAA, and some I forget for my 1999 Chevrolet Corvette and saved just over $80 a year. They offer free online rate quotes. I only have liability coverage on it.
Blanch Mcintyre
I compared a lot of rate quotes for a 1999 Chevrolet Corvette in Gaithersburg, MD. Ended up at right around $110 every six months with Amica.
Jude Little
I’m in Tucson, AZ. Received rates from AIG Insurance, Esurance, and Nationwide for my Chevrolet and saved about $70 a year. Hardly afford to drive anymore.
Tracey Taylor
Live in Tulsa, OK. Don’t remember every company but I ended up saving about $10 each month.
Georgetta Reed
Like your site, BTW. Live in Biloxi, MS. Received rates from AIG Insurance, Nationwide, and USAA for my Chevrolet and saved $85 a year. Insured with Progressive before. I have kids on my policy, too. Just go online and compare their rates. Full coverage costs too much.
Alejandra Mckay
Well-written and thought out article. From northwest of Spokane, WA. Quoted prices online for a 1999 Chevrolet Corvette. Ended up at about $110 savings annually. Went with 21st Century. I get a discount for insuring multiple vehicles. Might find lower rates online. I dropped full coverage awhile back.
Malcom Suarez
Proud to be from Frederick, MD. I quoted with Amica, Esurance, and Sentry for my Corvette and saved just over $90 a year. Even increased coverage a bit.
Florentina Shepard
Will Allstate raise rates after an accident?