Cheaper 2002 Chevrolet Corvette Insurance Rates
Looking for cheaper insurance rates for your Chevrolet Corvette? If you are a novice to online insurance shopping, by this point your are probably confused thanks to the incredible selection of local and online companies offering insurance.
You should take the time to do rate comparisons before your policy renews because insurance rates are variable and change quite frequently. Even if you got the lowest premium rates on Corvette coverage two years ago you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because we’re going to demonstrate one of the easiest ways to get good coverage at a lower rate.
Buying car insurance is easy if you know what you’re doing. If you are paying for car insurance now, you will be able to save some money using this strategy. Although consumers do need to know how companies sell online.
The best way we recommend to compare rate quotes is to know all the major auto insurance companies pay for the opportunity to compare their rates. All you need to do is give them some information including your job, if the car is leased, level of coverage desired, and if you went to college. That rating information is then submitted to multiple different insurance companies and you will receive price estimates within a short period of time.
Different people need different auto insurance coverages
When choosing the right insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is unique.
For instance, these questions can aid in determining whether your personal situation might need professional guidance.
- If I drive on a suspended license am I covered?
- Is my babysitter covered when using my vehicle?
- Where can I find high-risk insurance?
- Is my 2002 Chevy Corvette covered for smoke damage?
- Are my friends covered when driving my 2002 Chevy Corvette?
- Are my friends covered when driving my car?
- When can I cancel my policy?
- What are the financial responsibility laws in my state?
If it’s difficult to answer those questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form.
Car insurance coverages for a 2002 Chevy Corvette
Having a good grasp of your auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance pay for expenses such as nursing services, ambulance fees, prosthetic devices, rehabilitation expenses and hospital visits. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Corvette.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.
Liability car insurance
Liability coverage will cover damage that occurs to people or other property. This coverage protects you against other people’s claims. It does not cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.
Liability can pay for claims like loss of income, bail bonds and medical services. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.
Comprehensive coverage
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like damage from flooding, fire damage, damage from getting keyed and hitting a deer. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Collision insurance
This covers damage to your Corvette caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like driving through your garage door, rolling your car, backing into a parked car, crashing into a ditch and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
Jasmine Olsen
Does Allstate have low rates for teen drivers?
Rosaline Johnston
Checking in from Columbia, SC. Not sure of all the companies but I ended up saving about $20 each month. Just liability coverage since it’s getting old.
Porsche Caldwell
Thanks for putting this site together. I’m in Burlington, VT. Compared rates from a lot of places. Saved right around $30 a month. 21st Century was the best choice for me. They have a lot of discounts available. Just waiting to see how claims go. Book value doesn’t justify full coverage anymore.
Elease Dickson
Lifelong resident of Birmingham, Alabama. Quoted with Allstate, American Family, and Esurance for my 2002 Chevrolet Corvette and saved $120 a year. You can get a rate quote online.
Kiera Valdez
I’m just south of Cleveland, OH. Quoted rates from Hanover, AAA, Sentry, and a couple others for my Chevrolet and I think I cut my rates about $20 each month. My Chevrolet doesn’t have full coverage.
Sol Salinas
Here’s my info. Live in the southern part of Providence, Rhode Island. Not sure of all the companies but I ended up saving about $30 each month. Still almost need a second mortgage. I’m thinking about dropping full coverage though.
Alease Irwin
If you have a good history and live in the vicinity of Las Cruces, New Mexico, check out State Farm. I saved quite a bit. Left Mercury to switch. Get lots of quotes to find the best rate. Only insure liability on my Chevrolet.
Verena Petersen
Live in the western part of Fort Smith, AR. Got car insurance quotes with GMAC, AAA, Safeco, and a couple others for my 2002 Chevrolet Corvette and saved just over $100 a year. Just waiting to see how claims go.
Brianna Todd
I got quite a few price quotes for a 2002 Chevrolet Corvette in Indianapolis, Indiana. Ended up at roughly $100 every six months with AAA. Was with MetLife. Moved home policy as well. I just carry liability insurance.
Ricky Dudley
Any State Farm or Farmers customers near Eugene, Oregon?
Madeline Powell
I compared a lot of rate quotes for a 2002 Chevrolet Corvette in Norfolk, Virginia. Ended up at about $110 every six months with Auto-Owners. I used their online quote form to compare rates.
Alayna Rojas
I found cheap 2002 Chevrolet Corvette insurance in Jackson, MS with 21st Century.
Frieda Mcmahon
I live in a small town just outside of Boston, MA. Don’t remember every company but I ended up saving about $30 each month. Left American Family to switch. I just quoted rates online.
Kathyrn Deleon
I’ve insured with GEICO for a long time. Pretty cheap in Bangor, ME.
Margrett Joyce
Nice post. From Detroit, MI. Got quotes with 21st Century, American Family, and some I forget for my Corvette and saved about $90 a year. Not sure about claim service. I don’t put full coverage on it.
Cleotilde Raymond
21st Century is decent in Atlanta, GA.
Janessa Whitfield
Will 21st Century raise rates for a windshield claim?