2010 Chevrolet Corvette Car Insurance Quotes – 9 Savings Tips

Looking for better car insurance rates? Shoppers have a choice when shopping for the best price on Chevy Corvette insurance. They can either waste time struggling with agents trying to get quotes or use the internet to compare rates. There is a better way to shop for car insurance and we’ll show you the best way to get price quotes on a Chevy and find the best price possible from local insurance agents and online providers.

Buying car insurance is quite easy. If you have car insurance now, you should be able to save some money using these techniques. Drivers just need to understand the proper methods to get comparison rates online.

You may qualify for discounts

Insuring your vehicles can cost a lot, but you might be missing out on some discounts that many consumers don’t even know exist. Certain reductions will be credited when you purchase, but some need to be inquired about prior to receiving the credit.

• Driving Data Discount – Drivers who agree to allow their company to analyze their driving habits by using a telematic data system such as Progressive’s Snapshot may see discounts as long as they are good drivers.
• Theft Deterent – Vehicles with anti-theft systems are stolen with less frequency and will qualify for a discount on a car insurance quote.
• College 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 qualify for this discount.
• First Accident Forgiveness – Not really a discount, but a handful of insurance companies will let one accident slide without raising rates with the catch being you have to be claim-free for a set time period.
• Auto/Home Discount – If you combine your auto and home policies with the same company you may save as much as 10 to 15 percent.
• Paperless Signup – A handful of insurance companies provide a small discount for buying your policy on the internet.
• Discounts for Multiple Vehicles – Buying a policy with multiple vehicles with one company can get a discount for every vehicle.
• Auto/Life Discount – If the company offers life insurance, you could get a break if you buy life insurance from them.
• Homeowners Pay Less – Owning your own home or condo may earn you a small savings because it requires personal responsibility.

It’s important to understand that many deductions do not apply to your bottom line cost. Most cut the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like you can get free auto insurance, auto insurance companies aren’t that generous.

A list of auto insurance companies and their offered discounts are:

• 21st Century may include discounts for anti-lock brakes, teen driver, automatic seat belts, homeowners, theft prevention, student driver, and 55 and older.
• State Farm offers discounts for anti-theft, good driver, student away at school, Steer Clear safe driver discount, accident-free, driver’s education, and safe vehicle.
• AAA has discounts for pay-in-full, multi-car, multi-policy, education and occupation, good student, and anti-theft.
• Liberty Mutual offers discounts including new move discount, multi-car, multi-policy, preferred payment discount, and exclusive group savings.
• Progressive may offer discounts for good student, continuous coverage, online signing, homeowner, and multi-vehicle.

Check with each company or agent how many discounts you can get. Some of the earlier mentioned discounts might not be offered on policies in your area. To view companies with discount rates, click here to view.

The best way to compare insurance rates from multiple companies takes advantage of the fact most of the larger companies have advanced systems to give rate comparisons. To begin a comparison, all you need to do is provide the companies a bit of rating information including any included safety features, if a SR-22 is needed, the type of vehicles you drive, and how many miles driven. Your information is submitted instantly to multiple different insurance companies and they return quotes immediately.

There’s no such thing as the perfect auto insurance policy

When it comes to choosing proper insurance coverage, there really is no “best” method to buy coverage. Everyone’s situation is a little different.

For instance, these questions may help highlight whether your personal situation will benefit from professional help.

• Is upholstery damage covered by car insurance?
• If my pet gets injured in an accident are they covered?
• Is rental equipment covered for theft or damage?
• Should I buy more coverage than the required minimum liability coverage?
• How much can I save by bundling my policies?
• How can I force my company to pay a claim?

If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form. It is quick, free and can help protect your family.

Insurance coverages explained

Understanding the coverages of your policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Collision protection

This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like crashing into a ditch, colliding with another moving vehicle and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, damage from getting keyed, hail damage, falling objects and damage from flooding. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like hospital visits, pain medications, surgery, EMT expenses and rehabilitation expenses. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as damage to your Chevy Corvette.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Liability

Liability coverage protects you from damage that occurs to a person or their property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims such as loss of income, medical expenses and attorney fees. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

The bottom line

The cheapest 2010 Chevy Corvette insurance can be bought from both online companies in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. A few companies do not provide rate quotes online and usually these smaller companies sell through independent insurance agents.

When trying to cut insurance costs, make sure you don’t reduce coverage to reduce premium. There have been many situations where an accident victim reduced liability limits or collision coverage and learned later that they should have had better coverage. Your goal should be to get the best coverage possible for the lowest price while still protecting your assets.

We covered quite a bit of information on how to lower your 2010 Chevy Corvette insurance premium rates. The key concept to understand is the more you quote car insurance, the better your chances of lowering your prices. Consumers may even find the lowest premium rates are with a small local company.

Even more information can be read in the articles below:

• Rental Car Insurance Tips (Insurance Information Insitute)
• What is a Telematics Device? (Allstate)
• Vehicle Insurance in the U.S. (Wikipedia)
• Parking Tips to Reduce Door Dings (State Farm)
• Event Data Recorders FAQ (iihs.org)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)