Compare 2006 Chevrolet Corvette Insurance Quotes

Trying to find the cheapest insurance rates for your Chevrolet Corvette? Searching for the cheapest insurance for a Chevy Corvette can normally be a lot of work, but you can learn these tips to find lower rates.

There are both good and bad ways to buy insurance so we’re going to tell you the proper way to price shop coverage for a Chevy and get the best price possible either online or from local insurance agents.

Compare auto insurance quotes online

Finding more affordable 2006 Chevy Corvette auto insurance quotes is actually easier than you may think. Consumers just need to spend a few minutes comparing rate quotes to find. This can be accomplished in just a few minutes using one of these methods.

1. The recommended way to get the best comparison quotes would be an industry-wide quote request form (click to open form in new window). This quick form keeps you from doing multiple quote forms for each price estimate. One quote request gets prices estimates from many national carriers. Just one form and you’re done.
2. A less efficient way to get comparison quotes is spending the time to visit the website for each individual company to complete a price quote. For example, we’ll assume you want rates from Allstate, Safeco and Progressive. You would be required to spend time going to each site individually and enter your policy data, which can get rather old. For a list of links to insurance companies in your area, click here.

Take whichever approach you prefer, but be sure you’re using equivalent coverages and limits for every quote you compare. If you compare different data it will be very difficult to make an equal comparison.

Verify you’re applying every discount

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not know about. Certain credits will be shown when you complete an application, but a few must be inquired about in order for you to get them.

• Home Ownership Discount – Being a homeowner may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
• Full Payment Discount – By paying your entire bill at once as opposed to paying monthly you could save 5% or more.
• Low Miles Discount – Low mileage vehicles could qualify for cheaper prices.
• Data Collection Discounts – Insureds who allow their insurance company to look at where and when they drive remotely such as Progressive’s Snapshot might get better premium rates as long as they are good drivers.
• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class if it’s offered in school.
• Cautious Drivers – Safe drivers can get discounts for up to 45% lower rates for Corvette coverage than drivers with accidents.
• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance.

Consumers should know that most discounts do not apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. Even though it appears you would end up receiving a 100% discount, company stockholders wouldn’t be very happy. Any qualifying discounts will reduce your premiums.

If you would like to view companies who offer free car insurance quotes, click here.

You can change your insurance prices

Lots of factors are used in the calculation when pricing auto insurance. Most are fairly basic such as traffic violations, but other factors are more transparent like where you live or how safe your car is.

Shown below are some of the most rate-impacting factors used by companies to determine prices.

• Marriage discount – Having a significant other may save some money when buying car insurance. Having a significant other means you’re more responsible and statistics prove married drivers get in fewer accidents.
• Reduce prices by driving safer cars – Cars with high safety ratings tend to be cheaper to insure. Vehicles built for safety help reduce the chance of injuries in an accident and lower injury rates means your insurance company pays less which can result in lower premiums. If your Chevy scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
• Get a ticket, pay higher premiums – Drivers with clean records receive lower rates compared to drivers with tickets. Even a single driving citation may cause rates to rise by as much as twenty percent. Drivers who get severe citations like reckless driving, hit and run or driving under the influence may face state-mandated requirements to file a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.
• When should you file a policy claims? – If you frequently file small claims, you can pretty much guarantee much higher rates or policy non-renewal. Auto insurance companies generally give most affordable rates to insureds who do not rely on their insurance for small claims. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.
• Men drivers tend to cost more – Over the last 50 years, statistics have shown that females take fewer risks when driving. However, don’t assume that women are better drivers. Both genders are in auto accidents at a similar rate, but the men cause more damage. Men also statistically receive more major tickets like reckless driving and DUI. Male drivers age 16 to 19 are several times more likely to be in an accident so they pay the highest premiums.
• Rates and your address – Having an address in a rural area can be a good thing when shopping for auto insurance. Urban drivers regularly have traffic congestion and longer commutes to work. Fewer people corresponds to lower accident rates and lower theft and vandalism rates.

When should I discuss my situation with an agent?

When it comes to choosing proper insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For example, these questions can aid in determining whether you would benefit from an agent’s advice.

• Why do I only qualify for high-risk insurance?
• Will my rates increase for filing one claim?
• What exactly is covered by my policy?
• Am I covered if I hit my neighbor’s mailbox?
• Where can I get insurance after a DUI in my state?
• How do I buy GAP insurance?
• Do I need PIP coverage since I have good health insurance?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form. It’s fast, free and can help protect your family.

Insurance advertising tricks

Consumers constantly see and hear ads that claim the best car insurance rates by companies like State Farm, Allstate and Geico. All the companies advertise claims that people will save just by moving your policy.

How is it plausible that every one can charge lower premium rates?

Insurance providers have specific characteristics for the type of customer that earns them the highest profit. For instance, this type of insured could possibly be between the ages of 30 and 50, has never had a policy lapse, and insures a new vehicle. Someone who matches that profile will probably get the lowest premium rates as well as save when switching.

People who fall short of the “perfect” profile will be charged higher prices which translates to the customer buying from a different company. If you listen closely, the ads state “people who switch” not “everyone that quotes” will save that much if they switch. That’s the way companies can truthfully make claims that they all have the best prices.

Because of this risk profiling, you absolutely need to quote coverage with many companies. It’s just not possible to know which auto insurance company will fit your personal profile best.

Insurance coverages explained

Learning about specific coverages of a insurance policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring.

Comprehensive (Other than Collision)

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a broken windshield, damage from flooding and damage from getting keyed. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage

Collision coverage covers damage to your Corvette caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like sustaining damage from a pot hole, rolling your car, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Liability insurance

Liability coverage will cover injuries or damage you cause to people or other property. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like legal defense fees, repair costs for stationary objects and attorney fees. How much coverage you buy is a decision to put some thought into, but buy as high a limit as you can afford.

Protection from uninsured/underinsured drivers

This gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and damage to your 2006 Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like doctor visits, funeral costs and chiropractic care. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers you and your occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Never pay more for less

People switch companies for a number of reasons such as delays in responding to claim requests, policy non-renewal, an unsatisfactory settlement offer and even poor customer service. It doesn’t matter what your reason, switching insurance coverage companies is not as hard as you think.

When you buy car insurance online, make sure you don’t reduce needed coverages to save money. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits only to discover later that it was a big mistake. The ultimate goal is to purchase a proper amount of coverage at a price you can afford, but don’t skip important coverages to save money.

Lower-priced insurance coverage is attainable both online and from local agencies, and you need to price shop both to have the best chance of lowering rates. Some insurance coverage companies may not offer online rate quotes and these smaller companies provide coverage only through independent agents.

Additional learning opportunities

• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• Determing Auto Insurance Rates (Geico)
• Event Data Recorders FAQ (iihs.org)
• What is a Telematics Device? (Allstate)