1995 Chevrolet Corvette Insurance Rates – 10 Policy Discounts

Looking for cheaper car insurance rates for your Chevrolet Corvette? Using the web to shop for car insurance can be difficult if you are a beginner to online price comparisons. But don’t be discouraged because using the internet to shop for car insurance is actually quite easy.

It’s a good idea to get comparison quotes on a regular basis because rates are usually higher with each renewal. Just because you found the best rates for Corvette coverage a few years ago the chances are good that you can find a lower rate today. You can find a lot of misleading information regarding car insurance on the web, but I’m going to show you some good information on how to buy car insurance cheaper.

Compare the Market for Insurance

To find the best insurance prices, there are several ways of comparing rate quotes from insurance companies in your area. The simplest method to find the cheapest 1995 Chevy Corvette insurance rates is simply to get online rate quotes. This can be accomplished in just a few minutes using one of these methods.

  • The recommended way consumers can make multiple comparisons would be an industry-wide quote request form click here to open form in new window. This form saves time by eliminating a different quote for every insurance company. Filling out one form will get you rate comparisons from multiple low-cost companies. It’s definitely the quickest method.
  • A more difficult way to get comparison quotes requires a trip to the website for every company you want to comare to complete their respective quote request forms. For examples sake, we’ll pretend you want rates from Liberty Mutual, State Farm and Travelers. You would have to take the time to go to each site and enter your information, which is why most consumers use the first method.

    For a list of links to insurance companies in your area, click here.

  • The hardest method of comparing rate quotes is driving around to local insurance agencies. Shopping for insurance online eliminates the need for an insurance agent unless you have a need for the personal advice that only a license agent can provide. However, consumers can find lower rates online and get advice from an agent in your area and we’ll talk about that later.

It’s up to you which method you use, but make darn sure you compare the exact same coverage limits for each price quote. If you compare higher or lower deductibles it will be impossible to find the best deal for your Chevy Corvette. Just a small difference in limits may result in large price differences. Keep in mind that more quotes gives you a better chance of getting lower pricing.

Misconceptions in car insurance advertisements

Car insurance providers like Progressive, Allstate and Geico continually stream ads in print and on television. They all make the same claim of big savings after switching to them. How do they all say the same thing?

Different companies have a certain “appetite” for the right customer that earns them a profit. A good example of a preferred risk could possibly be over the age of 40, has no tickets, and has a short commute. A customer who fits that profile is entitled to the best price and most likely will save when they switch companies.

Drivers who do not match this ideal profile will be quoted higher rates and ends up with the customer not buying. Company advertisements say “drivers who switch” not “people who quote” save money. That’s the way companies can truthfully advertise the way they do. This emphasizes why it’s extremely important to get a wide range of price quotes. It’s impossible to know which company will provide you with the cheapest Chevy Corvette insurance rates.

Discounts to lower Chevy Corvette insurance rates

Auto insurance companies don’t list every available discount very well, so the following is a list of both the well known and the harder-to-find savings tricks you should be using.

  • Drivers Ed for Students – Have your child enroll in driver’s education in school.
  • E-sign – A few companies may give you up to $50 just for signing your application online.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less for Corvette coverage than drivers with accident claims.
  • Club Memberships – Affiliation with certain professional organizations may earn a discount on your policy for Corvette coverage.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes prevent accidents and will save you 10% or more.
  • Discount for Swiching Early – Some companies give discounts for switching policies before your current policy expires. The savings is around 10%.
  • Multiple Vehicles – Buying insurance for multiple vehicles on one policy qualifies for this discount.
  • Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
  • Theft Prevention System – Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.

A little note about advertised discounts, most discounts do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky.

For a list of insurance companies who offer insurance discounts, click here.

Tailor your coverage to you

When buying proper insurance coverage, there really is no “best” method to buy coverage. Everyone’s needs are different.

Here are some questions about coverages that may help highlight if you would benefit from an agent’s advice.

  • When do I need to add a new car to my policy?
  • Am I covered if I break a side mirror?
  • What exactly is covered by my policy?
  • Does coverage extend to my business vehicle?
  • How can I get high-risk coverage after a DUI?
  • Does my car insurance cover rental cars?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form.

Specific coverages for a 1995 Chevy Corvette

Understanding the coverages of a car insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Chevy Corvette.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Auto liability insurance – Liability coverage provides protection from damage that occurs to other people or property. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for things like legal defense fees, attorney fees, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

Collision – Collision coverage pays for damage to your Corvette from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like rolling your car, sideswiping another vehicle and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses such as ambulance fees, nursing services and EMT expenses. They are often used in conjunction with a 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 being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as rock chips in glass, a broken windshield and fire damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Find Good Coverage for Less

Consumers change insurance companies for a number of reasons such as denial of a claim, high rates after DUI convictions, delays in paying claims and poor customer service. It doesn’t matter what your reason, finding a great new company can be less work than you think.

We covered many ideas to reduce 1995 Chevy Corvette insurance prices online. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. Consumers could even find that the best prices are with some of the lesser-known companies.

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced full coverage and learned later they didn’t have enough coverage. Your goal should be to purchase plenty of coverage at a price you can afford.

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