Lower Your 1993 Chevrolet Corvette Car Insurance Rates

Finding lower rates for car insurance can seem to be nearly impossible for beginners to comparing rates online. Drivers have so many choices that it can easily become a real challenge to find the best price.

Why your Chevy Corvette insurance rates may be high

An important part of buying insurance is that you know the different types of things that come into play when calculating the rates you pay for auto insurance. Understanding what controls the rates you pay helps enable you to make changes that could result in lower auto insurance prices.

  • Don’t let your coverage lapse – Having an insurance coverage lapse will be a quick way to increase your auto insurance rates. Not only will you pay more, but not being able to provide proof of insurance may earn you a hefty fine and possibly a revoked license.Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • How credit affects auto insurance rates – Credit score is a big factor in calculating your auto insurance rates. People with excellent credit tend to be more responsible than drivers with lower credit ratings. If your credit history is low, you could potentially save money when insuring your 1993 Chevrolet Corvette by improving your rating.
  • Mature drivers pay less – Youthful drivers are statistically proven to be careless and easily distracted in a vehicle so auto insurance rates are higher. Mature drivers are more cautious drivers, statistically cause fewer accidents and get fewer tickets.
  • Theft deterrents lower rates – Driving a car that has an advanced theft prevention system can help bring down rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.
  • You might want pay the small claims yourself – Insurance companies provide lower rates to people who file claims infrequently. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for larger claims.
  • Safe vehicles cost less to insure – Vehicles with high crash test scores get lower rates. Safe vehicles have better occupant injury protection and lower injury rates means less money paid by your insurance company passed on to you as lower rates. If your Chevy is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.

Best discounts on Chevy Corvette coverage

Companies that sell car insurance do not advertise every discount in a way that’s easy to find, so we researched some of the more common as well as the least known savings tricks you should be using.

  • Homeowners Discount – Simply owning a home can help you save on auto insurance due to the fact that maintaining a home requires personal responsibility.
  • Good Student – Performing well in school can get you a discount of up to 25%. This discount can apply until age 25.
  • Accident Forgiveness – Some insurance companies allow you one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
  • More Vehicles More Savings – Having multiple cars or trucks with the same company may reduce the rate for each vehicle.
  • Clubs and Organizations – Belonging to a qualifying organization could trigger savings on your policy on Corvette coverage.
  • Accident Free – Good drivers with no accidents can save substantially when compared to drivers who are more careless.

Keep in mind that most credits do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like comp or med pay. So when it seems like you would end up receiving a 100% discount, you’re out of luck.

To see a list of companies with discount auto insurance rates, click here to view.

Tailor your coverage to you

When choosing coverage for your personal vehicles, there isn’t really a cookie cutter policy. Everyone’s needs are different.

For example, these questions could help you determine if your situation would benefit from professional advice.

  • Does my liability insurance cover pulling a trailer or camper?
  • Does my 1993 Chevy Corvette need full coverage?
  • Is extra glass coverage worth it?
  • Am I insured when driving a different vehicle?
  • Am I covered if I hit a deer?
  • Can I make deliveries for my home business?
  • Should I have a commercial auto policy?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is my teen driver covered when they drive my company car?
  • What if I don’t agree with a claim settlement offer?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Car insurance coverage options for a Chevy Corvette

Knowing the specifics of a car insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for expenses for things like ambulance fees, prosthetic devices, doctor visits, dental work and chiropractic care. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Uninsured and underinsured coverage

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Chevy Corvette.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Coverage for collisions

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like crashing into a ditch, hitting a parking meter, driving through your garage door, backing into a parked car and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverages

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

Comprehensive insurance covers claims like hitting a deer, falling objects and hitting a bird. The highest amount your car insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Liability coverages

This provides protection from damage or injury you incur to a person or their property that is your fault. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims like emergency aid, loss of income, structural damage, medical expenses and pain and suffering. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Cheaper insurance is a realistic goal

Consumers who switch companies do it for many reasons like not issuing a premium refund, unfair underwriting practices, extreme rates for teen drivers or even denial of a claim. Regardless of your reason for switching companies, finding a great new company can be easier than you think.

When you buy insurance online, don’t be tempted to skimp on coverage in order to save money. Too many times, drivers have reduced collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal should be to buy the best coverage you can find at an affordable rate.

Cheap 1993 Chevy Corvette insurance is attainable both online and with local insurance agents, so compare prices from both to have the best chance of lowering rates. Some insurance coverage companies do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

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