1999 Chevrolet Corvette Insurance Rates

Searching for low-cost insurance for a Chevy Corvette can normally be difficult, but you can follow the following methods to find lower rates. There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the absolute fastest way to compare rates on a Chevy and obtain the best price possible.

The most recommended method to compare insurance rates from multiple companies is to know the fact most of the larger companies actually pay money for the chance to quote your coverage. To get started, all you need to do is provide a small amount of information such as your credit rating estimate, if your license is active, driver details, and whether you drive to work or school. The data is then sent to all major companies and you receive quotes quickly.

How to reduce 1999 Chevy Corvette insurance rates

Auto insurance companies don’t necessarily list every discount in an easy-to-find place, so the following is a list of both well-publicized and the more hidden savings tricks you should be using. If they aren’t giving you every credit possible, you are paying more than you should be.

  • Defensive Driving Course – Completing a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • Pay Now and Pay Less – By paying your policy upfront instead of making monthly payments you could save up to 5%.
  • Bundle and Save – If you insure your home and vehicles with the same insurance company you could get a discount of 10% to 20% off each policy.
  • Drive Less and Save – Keeping the miles down on your Chevy could qualify for discounted rates on garaged vehicles.
  • No Charge for an Accident – Some insurance companies permit an accident before hitting you with a surcharge as long as you don’t have any claims for a certain period of time.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class in school.

Consumers should know that some credits don’t apply to the entire cost. A few only apply to specific coverage prices like liability and collision coverage. Even though it may seem like you could get a free insurance coverage policy, companies don’t profit that way.

For a list of insurers with the best insurance coverage discounts, click this link.

Tailor your coverage to you

When choosing proper insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is unique.

For example, these questions might point out if your insurance needs would benefit from an agent’s advice.

  • Is there coverage for injuries to my pets?
  • What companies insure drivers after a DUI or DWI?
  • What is an SR-22 filing?
  • What are the financial responsibility laws in my state?
  • Does car insurance cover theft of personal property?
  • Are my friends covered when driving my 1999 Chevy Corvette?
  • What should my uninsured motorist coverage limits be in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does my liability insurance cover pulling a trailer or camper?
  • What is the difference between comprehensive and collision coverage?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form. It is quick, free and can provide invaluable advice.

Why your Chevy Corvette insurance rates may be high

An important part of buying insurance is that you know some of the elements that play a part in calculating car insurance rates. Knowing what influences your rates helps enable you to make changes that will entitle you to lower car insurance prices.

  • Never go without insurance – Letting your insurance expire is a fast way to trigger a rate increase. Not only will rates go up, but being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license.You may then be required to file a SR-22 with your state DMV.
  • Occupation reflects on rates – Occupations like doctors, social workers and dentists are shown to have the highest average rates because of high stress and long work days. Other occupations such as actors, historians and the unemployed pay the least for Corvette coverage.
  • High crash test scores lower rates – Safer cars are cheaper to insure. The safest vehicles reduce injuries and fewer injuries means less money paid by your insurance company and thus lower rates. If the Chevy Corvette is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Rural vs Urban Areas – Living in small towns and rural areas is a positive aspect when insuring your vehicles. Drivers who live in large cities tend to have more traffic problems and a longer drive to work. Fewer drivers means reduced accidents.
  • Liability insurance protects assets – Liability insurance provides coverage when a jury decides you are liable for damages from an accident. Liability insurance provides legal defense coverage which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so drivers should carry high limits.
  • Proper usage rating affects rates – Driving more miles every year the more you will pay for car insurance. Almost all companies charge to insure your cars determined by how the vehicle is used. Vehicles left parked in the garage receive lower rates compared to those used for work or business. Having the wrong rating on your Corvette may be wasting your money. Make sure your car insurance coverage properly reflects the proper vehicle usage, because improper ratings can cost you money.
  • Do you qualify for a multi-policy discount? – The majority of insurance companies give discounts to policyholders who carry more than one policy such as combining an auto and homeowners policy. Discounts can be 10 percent or more. Even with this discount, you still need to shop around to make sure you are getting the best deal.

Coverages available on your insurance policy

Learning about specific coverages of insurance can help you determine which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Collision protection

This coverage pays for damage to your Corvette caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as rolling your car, colliding with another moving vehicle, crashing into a ditch and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Coverage for medical payments

Med pay and PIP coverage pay for bills such as EMT expenses, ambulance fees, pain medications, chiropractic care and dental work. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability auto insurance

This coverage will cover damages or injuries you inflict on a person or their property in an accident. This coverage protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things such as medical services, pain and suffering and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive coverages

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as a broken windshield, theft, hail damage, hitting a deer and damage from a tornado or hurricane. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

And the best car insurance company is…

When shopping online for insurance coverage, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where an insured cut full coverage and learned later they didn’t purchase enough coverage. The ultimate goal is to buy enough coverage for the lowest price.

People switch companies for any number of reasons including delays in paying claims, extreme rates for teen drivers, high prices and even policy cancellation. Regardless of your reason, switching insurance coverage companies is not as difficult as it may seem.

You just read a lot of information how to lower your 1999 Chevy Corvette insurance rates. The key concept to understand is the more rate comparisons you have, the better likelihood of reducing your rate. You may even find the most savings is with a small local company.

Additional insurance coverage information can be read at the links below