Cheap 2008 Chevrolet Corvette Insurance Rates

Trying to find the cheapest auto insurance rates for your Chevrolet Corvette? Finding low cost auto insurance may be difficult for drivers who are beginners to online price comparisons. You have so many companies to choose from that it can turn into a real hassle to find the best coverage rates.

It’s a good idea to quote other rates at least once a year because prices are usually higher with each renewal. Even if you think you had the lowest rates on Corvette coverage a couple years back you will most likely find a better premium rate today. There is a lot of wrong information about auto insurance online but I’m going to show you some of the best ways to slash your auto insurance rates.

The easiest way to get rate comparisons is to realize most of the larger companies actually pay money for the chance to compare their rates. The only thing you need to do is provide the companies a bit of rating information like the make and model of your vehicles, how you use your vehicles, whether you are married, and level of coverage desired. Your details gets transmitted to multiple top-rated companies and they respond with quotes quickly.

To start a rate quote now, click here and enter your coverage details.

Do you qualify for discount insurance?

Car insurance companies don’t always advertise the entire discount list very well, so the below list has some of the best known in addition to some of the lesser obvious discounts that you may qualify for.

• Pay Early and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
• Passive Restraints and Air Bags – Options like air bags or motorized seat belts can receive discounts of more than 20%.
• Employee of Federal Government – Simply working for the federal government could cut as much as 10% off on Corvette coverage with some insurance companies.
• Good Driver Discount – Drivers who avoid accidents may save up to 50% more on Corvette coverage as compared to drivers with claims.
• E-sign – Some of the larger companies provide a small discount for signing up on their website.

Don’t be surprised that most of the big mark downs will not be given the the whole policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. Even though it may seem like you could get a free insurance policy, it’s just not the way it works. Any qualifying discounts will cut your policy premium.

Larger insurance companies and a partial list of their discounts are shown below.

• State Farm has discounts for safe vehicle, driver’s education, Steer Clear safe driver discount, defensive driving training, good student, good driver, and multiple autos.
• American Family policyholders can earn discounts including good student, defensive driver, good driver, bundled insurance, Steer into Savings, and multi-vehicle.
• Geico offers discounts for five-year accident-free, anti-lock brakes, air bags, membership and employees, seat belt use, and emergency military deployment.
• 21st Century offers discounts including theft prevention, 55 and older, early bird, teen driver, homeowners, and anti-lock brakes.
• Progressive may offer discounts for continuous coverage, online signing, online quote discount, multi-vehicle, multi-policy, and good student.

When getting a coverage quote, ask all the companies which credits you are entitled to. All car insurance discounts may not apply to policyholders in your area. If you would like to choose from a list of insurers with discount rates, follow this link.

What insurance coverages do I need?

When it comes to buying proper insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For example, these questions might help in determining whether or not you will benefit from professional help.

• What is covered by UM/UIM coverage?
• How do I insure my teen driver?
• Am I covered when pulling a rental trailer?
• I have a DUI can I still get coverage?
• When should I remove comp and collision on my 2008 Chevy Corvette?
• Am I covered when driving a rental car?
• Why do I need rental car insurance?
• Why am I be forced to buy a membership to get insurance from some companies?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form.

Smart consumers know how to quote insurance coverage cheaper

Lots of factors are part of the equation when pricing auto insurance. Some are obvious such as your driving history, but other factors are not as apparent like where you live or how financially stable you are.When buying insurance coverage it’s important to understand the rating factors that play a part in calculating the price you pay for insurance coverage. When you understand what impacts premium levels, this allows you to make good choices that may reward you with much lower annual insurance costs.

Shown below are some of the most common factors companies use to determine your premiums.

• Getting married can lower premiums – Having a significant other actually saves money when shopping for insurance coverage. It is viewed as being more mature and statistics show drivers who are married file infrequent claims.
• Good drivers pay less – Getting just one moving violation can boost insurance rates by as much as twenty percent. Careful drivers have lower premiums compared to drivers with tickets. Drivers who have gotten serious violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
• Deter theft and pay less – Driving a car that has a built-in theft deterrent system can get you a discount on your insurance coverage. Anti-theft features like OnStar, LoJack tracking, and tamper alarms all hinder car theft and help bring rates down.
• Your career may increase premiums – Occupational choices like military generals, business owners and stock brokers generally have the highest average rates in part from intense work-related stress and lots of time spent away from family. Conversely, careers like actors, athletes and the unemployed have the lowest average rates on Corvette coverage.
• Women tend to take less risk – Statistics have proven that women are safer drivers than men. That doesn’t necessarily mean that men are worse drivers. Females and males are in accidents in similar numbers, but the males get into accidents with more damage. In addition to higher claims, males also receive more costly citations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 cause the most accidents so they pay the highest premiums.
• Too many policy claims drive up insurance coverage rates – Car insurance companies generally give most affordable rates to insureds who only file infrequent claims. If you’re an insured who likes to file claims you can look forward to either a policy non-renewal or much higher rates. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
• Drive lots and pay more – Driving a lot of miles in a year the more you will pay for insurance coverage. Most companies charge rates determined by how the vehicle is used. Vehicles that are left in the garage get more affordable rates than vehicles that are driven to work every day. Incorrect rating for your Corvette may be costing you higher rates. Make sure your policy states annual mileage.
• Do you know you’re credit score? – A driver’s credit score can be an important factor in calculating your premium rate. If your credit history can use some improvement, you could pay less to insure your 2008 Chevrolet Corvette by spending a little time repairing your credit. Drivers who have high credit ratings tend to file fewer claims and have better driving records than drivers with lower credit scores.

Auto insurance coverage information

Learning about specific coverages of your auto insurance policy can help you determine the right coverages for your vehicles. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for expenses like pain medications, X-ray expenses, doctor visits and hospital visits. They can be utilized in addition to your health insurance program or if you do not have health coverage. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability coverage provides protection from damage that occurs to other people or property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as funeral expenses, bail bonds, emergency aid, repair costs for stationary objects and pain and suffering. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as sustaining damage from a pot hole, colliding with a tree, scraping a guard rail, backing into a parked car and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

UM/UIM Coverage

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2008 Chevy Corvette.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as a tree branch falling on your vehicle, vandalism, rock chips in glass and theft. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

A penny saved is a penny earned

Drivers change insurance companies for a number of reasons such as not issuing a premium refund, high prices, policy non-renewal or even extreme rates for teen drivers. It doesn’t matter what your reason, finding a new company can be less work than you think.

We just presented some good ideas how you can save on 2008 Chevy Corvette insurance. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the biggest savings come from a company that doesn’t do a lot of advertising.

As you go through the steps to switch your coverage, it’s not a good idea to reduce needed coverages to save money. There are too many instances where someone dropped liability limits or collision coverage only to find out they didn’t purchase enough coverage. Your focus should be to purchase plenty of coverage at the best cost, but don’t skip important coverages to save money.

Additional information is available below:

• State Laws for Cellphones and Texting (iihs.org)
• Help Your Teen Be a Better Driver (State Farm)
• What Does No-Fault Insurance Cover? (Allstate)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)