Lower Your 2009 Chevrolet Corvette Car Insurance Quotes

Trying to find the cheapest insurance rates for your Chevrolet Corvette? Searching for the cheapest insurance for a Chevy Corvette can be a painful process, but you can learn a few tricks to save time.

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

It’s a good idea to get comparison quotes occasionally since insurance prices fluctuate regularly. Just because you found the lowest price on Corvette insurance six months ago you can probably find a lower rate today. Forget all the misinformation about insurance because I’m going to teach you the fastest way to remove unneeded coverages and save money.

Compare quotes for insurance

Getting a cheaper price on 2009 Chevy Corvette insurance doesn’t have to be difficult. The only requirement is to take time comparing rates from online providers. It is quite easy and can be accomplished in a couple of different ways.

One of the simplest ways to compare a lot of rates at once is to use a rate comparison form (click to open form in new window). This method eliminates the need for separate quotation requests for every insurance company. A single form gets prices estimates from several companies. Just one form and you’re done.

A more difficult way to shop for insurance online consists of visiting the website for each individual company and fill out a new quote form. For example, we’ll pretend you want to compare rates from Geico, Liberty Mutual and State Farm. You would need to go to each individual site and punch in your information repeatedly, which can get old fast. For a list of links to insurance companies in your area, click here.

It’s up to you which method you use, but make absolute certain that you use equivalent quote data for each comparison quote. If you enter different deductibles you can’t possibly make a fair rate comparison.

More affordable rates with these discounts

Insuring your fleet can be pricey, but there could be significant discounts that you may not even know about. Many discounts should be triggered at the time you complete a quote, but some must be manually applied in order for you to get them. If you do not check that you are getting every discount available, you are paying more than you should be.

• Full Payment Discount – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
• Resident Student – Youth drivers who attend college more than 100 miles from home and won’t have access to an insured vehicle may be able to be covered for less.
• Senior Citizen Discount – Drivers over the age of 55 may qualify for a slight reduction on a car insurance quote on Corvette insurance.
• Bundled Policy Discount – If you can combine your auto and home policy and place coverage with the same company they may give you a discount of up to 20% and get you the cheapest car insurance.
• Responsible Driver Discount – Drivers who avoid accidents can save up to 40% or more on their car insurance quote on Corvette insurance than their less cautious counterparts.
• Memberships – Affiliation with certain professional organizations may earn a discount on your bill.
• Renewal Discounts – Some companies give discounts for switching to them before your current policy expires. You may see this discount when you get car insurance quotes online.

While discounts sound great, it’s important to understand that some of the credits will not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as comp or med pay. Despite the appearance that all the discounts add up to a free policy, companies wouldn’t make money that way. But any discount will cut the cost of your policy.

A list of companies and some of the premium reductions they offer are included below.

• Geico offers discounts including seat belt use, emergency military deployment, five-year accident-free, federal employee, good student, and driver training.
• Mercury Insurance discounts include ease of repair, multi-policy, location of vehicle, good driver, accident-free, and low natural disaster claims.
• Farmers Insurance may have discounts that include multi-car, alternative fuel, electronic funds transfer, mature driver, homeowner, bundle discounts, and good student.
• Auto-Owners Insurance offers discounts for safe vehicle, student away at school, paid in full, group or association, mature driver, and anti-lock brakes.
• Liberty Mutual has savings for newly retired, new move discount, multi-car, safety features, newly married, hybrid vehicle, and multi-policy.
• SAFECO offers premium reductions for bundle discounts, safe driver, teen safety rewards, drive less, homeowner, and accident prevention training.
• Progressive may include discounts for online quote discount, online signing, multi-policy, continuous coverage, and multi-vehicle.
• USAA has discounts for multi-policy, annual mileage, military installation, driver training, and defensive driver.

Before purchasing a policy, check with each company or agent how many discounts you can get. Some discounts listed above may not apply to policyholders in your area. For a list of auto insurance companies that offer many of these discounts, click this link.

Insurance can be complex

When it comes to buying adequate coverage for your vehicles, there really is not a cookie cutter policy. Every insured’s situation is different.

These are some specific questions may help highlight whether or not you might need an agent’s assistance.

• Is my camper covered by my car insurance policy?
• When would I need additional glass coverage?
• Should I get collision insurance on every vehicle?
• Why am I required to buy liability insurance?
• Does my policy cover my teen driver if they drive my company car?
• What is UM/UIM insurance?
• What is covered by UM/UIM coverage?
• What vehicles should carry emergency assistance coverage?
• Do I have coverage when using my vehicle for my home business?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can help protect your family.

You can change your insurance premiums

When buying insurance coverage it’s important to understand the rating factors that help calculate the rates you pay for insurance coverage. When you know what positively or negatively controls the rates you pay, this allows you to make educated decisions that could result in cheaper rates.

• Does your occupation raise your premiums? – Jobs like lawyers, social workers and miners generally have higher premium rates in part from intense work situations and incredibly demanding work hours. Conversely, occupations like farmers, engineers and performers get better rates on Corvette insurance.
• Protect yourself with liability coverage – Liability insurance will afford coverage in the event that you are determined to be liable for damages from an accident. It will provide legal defense coverage to defend your case. Liability insurance is pretty cheap compared to physical damage coverage, so do not skimp.
• Increase coverage deductibles and save – Physical damage deductibles define how much you are required to spend out-of-pocket in the event of a claim. Protection for physical damage, aka comp and collision, protects your car from damage. Examples of some claims that would be covered would be rearending another vehicle, fire damage, and damage caused by road hazards. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive on Corvette insurance.
• Drive a safer car and pay less – Vehicles that have high safety ratings tend to have lower insurance rates. These vehicles reduce injuries and fewer serious injuries translates directly to fewer claims which can result in lower premiums.
• You might pay more if you are single – Your spouse may cut your premiums on your insurance coverage policy. Marriage may mean you are more responsible and insurance companies like that married couples file fewer claims.
• Cheaper premiums using theft deterrents – Choosing to buy a car with a theft deterrent system can earn a premium discount. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop auto theft and help lower rates.
• Know your credit rating – Having a bad credit history is a large factor in determining your rates. Drivers with high credit ratings tend to be better drivers and file fewer claims than drivers who have poor credit. If your credit score is low, you could save money insuring your 2009 Chevrolet Corvette if you improve your credit rating.

Advertising myths

Consumers can’t escape the ads for cheaper car insurance from companies such as Progressive, Allstate and Geico. They all seem to state the claim that you can save if you move your coverage.

But how can every company make almost identical claims? This is the way they can do it.

Insurance companies quote the lowest rates for the type of driver that will add to their bottom line. For instance, a profitable customer may be between the ages of 30 and 45, has a low-risk occupation, and does not commute to work. Anybody who matches that profile gets the lowest prices and will probably save money with a new company.

Potential customers who are not a match for those criteria will have to pay higher premiums which results in business going elsewhere. Company advertisements say “customers who switch” not “all people who quote” save that kind of money. That’s why companies can make claims that they all have the best premium rates.

Each company has different criteria, so drivers should compare rate quotes every year. It is just not possible to predict the company that will fit your personal profile best.

Auto insurance coverages 101

Knowing the specifics of your auto insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Collision coverage protection

Collision coverage will pay to fix damage to your Corvette caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like crashing into a building, damaging your car on a curb, backing into a parked car and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.

Liability coverage

Liability insurance can cover damage or injury you incur to a person or their property. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like bail bonds, loss of income, medical expenses, legal defense fees and funeral expenses. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for prosthetic devices, pain medications, X-ray expenses and hospital visits. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Comprehensive auto coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like hail damage, a broken windshield, falling objects and a tree branch falling on your vehicle. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Shop Smart and Save

As you quote car insurance, do not reduce coverage to reduce premium. In many instances, an insured cut liability limits or collision coverage and learned later that the savings was not a smart move. Your focus should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.

You just read many tips how you can get a better price on 2009 Chevy Corvette insurance. The key thing to remember is the more quotes you get, the better your chances of lowering your rates. You may be surprised to find that the best price on car insurance is with some of the lesser-known companies.

Cheaper 2009 Chevy Corvette insurance is possible online in addition to many insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who do not offer online price quotes and usually these small, regional companies prefer to sell through independent agents.

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

• How to Avoid Common Accidents (State Farm)
• Speed and Speed Limit FAQ (iihs.org)
• Choosing a Car for Your Teen (State Farm)
• Auto Insurance Basics (Insurance Information Insitute)
• Anti-Lock Brake FAQ (iihs.org)
• Teen Driver Licensing Information (iihs.org)