Compare 2000 Chevrolet Corvette Insurance Cost

Searching for cheaper auto insurance rates for your Chevrolet Corvette? No car owner enjoys paying for auto insurance, especially when they could get a better deal.

Because there are so many different company options, it can be impossible to locate a more affordable insurer.

You need to shop coverage around yearly because prices are variable and change quite frequently. Despite the fact that you may have had the lowest quotes for Corvette coverage a year ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because we’re going to show you one of the easiest ways to save on auto insurance.

Buying car insurance is easy if you know what you’re doing. In a nutshell, every driver who is required by state law to have insurance coverage will most likely be able to find lower rates. But drivers do need to learn how big insurance companies market insurance on the web and take advantage of how the system works.

Get lower-cost insurance premiums by understanding these factors

Many things are used in the calculation when quoting car insurance. Some are obvious such as your driving history, although some other factors are less apparent like your vehicle usage or your commute time.

The itemized list below are some of the things utilized by car insurance companies to help set premiums.

• Discounts for multiple policies – Most major insurance companies afford discounts to clients who have multiple policies with them such as combining an auto and homeowners policy. This can amount to as much as ten percent or more Even if you already get this discount, consumers should still shop around to guarantee you are still saving the most. Consumers may save more without the discount even if you have your coverage with different companies
• Higher auto insurance rates for specific jobs – Do you work in a high-stress field? Careers like real estate brokersairline pilots and miners have higher premium rates due to high stress and lengthy work days. On the flip side, occupations like scientists, historians and homemakers have the lowest average rates for Corvette coverage.
• Extra coverages that may not be needed – There are many optional add-on coverages that can waste your money when buying auto insurance. Insurance for things like roadside assistance, death and dismemberment, and Farm Bureau memberships may be costing you every month. They may seem like a good idea at first, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
• Men pay higher prices – Over the last 50 years, statistics have shown that females take fewer risks when driving. However, don’t assume that men are worse drivers. Females and males tend to get into at-fault accidents at about the same rate, but the men cause more damage and cost insurance companies more money. Men also have more aggressive citations like DWI (DUI) or reckless driving.
• Your liability coverage limits – Liability coverage kicks in when you are found to be at fault for an accident. It provides legal defense coverage to defend your case. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Free auto insurance rate quotes

Shopping for lower auto insurance rates can be a daunting task if you don’t understand the most efficient way to do it. You can spend countless hours talking to agents in your area, or you could save time and use the internet to get pricing more quickly.

Most of the best insurance companies take part in a program that allows shoppers to submit one quote, and each company can give them a price determined by their information. This system prevents you from having to do quotation requests to each individual auto insurance company.

To compare pricing click to open in new window.

The one downside to comparing rates this way is you don’t know exactly which carriers to get pricing from. If you wish to select from a list of companies to compare, we have a page of companies who write auto insurance in your area. Click to view list.

How you compare quotes is your choice, just make absolute certain that you use identical quote information with each company. If you enter different data it’s impossible to make a fair comparison for your Chevy Corvette. Quoting even small variations in coverage limits could skew the results. Just keep in mind that comparing more company’s prices gives you a better chance of getting better pricing.

Misconceptions in insurance advertisements

Companies like State Farm, Geico and Progressive continually stream television and radio advertisements. All the companies make the same claim about savings just by switching your insurance coverage to their company. How does each company say the same thing?

Insurance companies quote their cheapest rates for the type of insured that earns them the most money. A good example of this type of risk profile may need to be over the age of 40, owns a home, and drives a vehicle with a low ISO rating. Any customer who meets those qualifications will probably get cheap premium rates and most likely will pay quite a bit less when switching companies.

Consumers who do not meet these stringent criteria may be forced to pay more expensive rates which translates to the driver buying from a lower-cost company. If you listen to the ad wording, they say “customers that switch” not “all people who quote” save that much money. That’s why insurance companies can confidently make the claims of big savings. Because every company is different, you need to get insurance coverage quotes as often as possible. It’s just not possible to know which insurance company will have the best car insurance rates at this point in time.

Find discounts on car insurance

Car insurance is not an enjoyable expense, but there may be some discounts that can drop the cost substantially. Certain credits will be shown when you get a quote, but some may not be applied and must be manually applied before they will apply.

• Discounts for Responsible Drivers – Insureds who avoid accidents may save up to 50% more for Corvette coverage than their less cautious counterparts.
• Multi-policy Discount – If you can combine your auto and homeowners policy and insure them with the same company you may save 10% to 20% off each policy.
• Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to buckle up before driving may be able to save a few bucks off the medical payments premium.
• Low Miles Discount – Maintaining low annual mileage can earn lower premium rates due to less chance of an accident.
• Senior Citizen Discount – Seniors may be able to get lower premium rates for Corvette coverage.
• Distant Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from home and don’t have a car could get you a discount.
• Organization Discounts – Having an affiliation with qualifying clubs or civic groups can get you a small discount on your policy.
• Anti-theft Discount – Vehicles optioned with advanced anti-theft systems are stolen less frequently and earn discounts up to 10% off your insurance coverage quote.
• Good Student Discount – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally until age 25.

A quick disclaimer, many deductions do not apply the the whole policy. A few only apply to individual premiums such as collision or personal injury protection. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

Some of the larger companies that may offer policyholders many of the previously listed discounts are:

• Geico
• MetLife
• State Farm
• Progressive
• Mercury Insurance
• 21st Century
• Allstate

When quoting, ask each company which discounts you may be entitled to. Some discounts might not be available to policyholders in your area. If you would like to choose from a list of providers with discount car insurance rates, click here.

Tailor your car insurance coverage to you

When choosing the best car insurance coverage, there really is not a cookie cutter policy. Each situation is unique so this has to be addressed. Here are some questions about coverages that might point out if your insurance needs might need professional guidance.

• Does having multiple vehicles earn me a discount?
• Who is covered when they drive my 2000 Chevy Corvette?
• Are my friends covered when driving my car?
• Do I need medical payments coverage since I have good health insurance?
• Do I need higher collision deductibles?
• When can my company non-renew my policy?
• Am I covered when driving in Canada or Mexico?
• Does insurance cover tools stolen from my truck?
• Why am I required to get a high-risk car insurance policy?
• Is business equipment covered while in my vehicle?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.

Learn about auto insurance coverages for a Chevy Corvette

Knowing the specifics of a auto insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Auto insurance terms can be confusing and coverage can change by endorsement. Listed below are typical coverages found on the average auto insurance policy.

Coverage for collisions

This will pay to fix damage to your Corvette resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like backing into a parked car, damaging your car on a curb and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as fire damage, rock chips in glass and theft. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability auto insurance

This coverage can cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims like attorney fees, repair costs for stationary objects, emergency aid, medical services and pain and suffering. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for immediate expenses for things like ambulance fees, surgery, nursing services, dental work and prosthetic devices. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Corvette.

Because many people have only the minimum liability required by law, 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.

In the end, you save

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where someone sacrificed liability coverage limits and discovered at claim time that they should have had better coverage. The proper strategy is to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.

Low-cost 2000 Chevy Corvette insurance is definitely available on the web in addition to local insurance agencies, so you need to shop insurance coverage with both to have the best rate selection. Some insurance companies do not offer rates over the internet and usually these regional carriers work with local independent agencies.

For more information, take a look at the resources below:

• Vehicle Insurance (Wikipedia)
• Auto Theft Statistics (Insurance Information Insitute)
• Rental Reimbursement Coverage (Allstate)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)
• Child Safety Seats (Insurance Information Insitute)