2003 Chevrolet Corvette Insurance Quotes

Nobody cherishes buying auto insurance, particularly when they are paying too much. With consumers having so many insurance companies to choose from, it’s nearly impossible to pick the right insurance company.

How to Get Car Insurance Comparison Quotes

There are a variety of methods to shop for 2003 Chevy Corvette car insurance, but there is one way that is less time-consuming than others. You could spend your day talking about coverages with local insurance agents in your area, or you could save time and use online quotes to get the quickest rates.

Most of the larger companies belong to an insurance system where prospective buyers send in one quote, and each participating company provides a quote based on that information. This saves time by eliminating quotation requests to every company.

To find out what other companies charge for 2003 Chevy Corvette insurance click here (opens in new window).

The only downside to comparing rates this way is that consumers can’t choose the insurers to receive prices from. So if you want to select from a list of companies to receive pricing from, we have assembled a list of the cheapest car insurance companies in your area. Click here to view list.

Whichever way you use, ensure you’re using the exact same coverage limits on every quote you get. If the quotes have mixed coverages then you won’t be able to determine the lowest rate for your Chevy Corvette.

Ads can be misleading

Consumers get pounded daily by advertisements that promise big savings by companies like 21st Century, Allstate and State Farm. All the ads have a common claim about savings if you move to them.

How do they all make almost identical claims?

All the different companies are able to cherry pick for the driver they prefer to insure. An example of a driver they prefer could possibly be over the age of 40, a clean driving record, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile will qualify for the lowest rates and therefore will pay quite a bit less when switching companies.

Drivers who do not match these standards will be charged a higher premium and this can result in business going elsewhere. Company advertisements say “drivers who switch” not “people who quote” save that much money. That’s the way companies can state the savings. That is why you absolutely need to compare as many rates as you can. Because you never know which insurance company will provide you with the cheapest Chevy Corvette insurance rates.

Save money by taking advantage of these discounts

Companies don’t always list all their discounts very well, so we break down both well-publicized and the harder-to-find car insurance savings. If you don’t get every credit you deserve, you’re just leaving money on the table.

  • Distant Student – Children who live away from home and do not have a car may be able to be covered for less.
  • Seat Belt Usage – Drivers who require all occupants to wear their seat belts can save 10% or more off your medical payments premium.
  • Early Switch Discount – Select companies give a discount for buying a policy before your current expiration date. It’s a savings of about 10%.
  • Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.
  • Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • New Vehicle Savings – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Discounts for Safe Drivers – Safe drivers can pay as much as 50% less on Corvette insurance than their less cautious counterparts.
  • Drive Less and Save – Keeping the miles down on your Chevy could qualify for lower rates on the low mileage vehicles.

Drivers should understand that most discounts do not apply to the entire policy premium. Most only cut specific coverage prices like physical damage coverage or medical payments. So when the math indicates having all the discounts means you get insurance for free, you won’t be that lucky.

To see a list of insurance companies who offer car insurance discounts, follow this link.

When should I use an insurance agent?

When buying the right insurance coverage, there is no perfect coverage plan. Everyone’s situation is unique so your insurance should reflect that For instance, these questions could help you determine if you would benefit from an agent’s advice.

  • What can I do if my company denied a claim?
  • Why do I need rental car insurance?
  • Am I covered when driving on a suspended license?
  • Why am I required to get a high-risk car insurance policy?
  • Does my insurance cover a custom paint job?
  • Can I afford to buy a different vehicle if my 2003 Chevy Corvette is totaled?
  • Is my camper covered by my car insurance policy?
  • Can my teen drive my company car?
  • Is a new car covered when I drive it off the dealer lot?

If you’re not sure about those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Parts of your insurance policy

Having a good grasp of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Shown next are typical coverage types found on most insurance policies.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Corvette.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.

Auto liability

This will cover injuries or damage you cause to other people or property by causing an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers claims such as loss of income, repair bills for other people’s vehicles and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses like chiropractic care, pain medications, prosthetic devices, funeral costs and X-ray expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from a tornado or hurricane, a broken windshield, fire damage and hail damage. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision insurance

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

Collision can pay for things like colliding with a tree, sustaining damage from a pot hole and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Save for a rainy day

Discount 2003 Chevy Corvette insurance can be bought from both online companies and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance providers do not offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

When shopping online for insurance coverage, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped physical damage coverage and learned later that the small savings ended up costing them much more. Your strategy should be to purchase plenty of coverage for the lowest price while still protecting your assets.

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