Save on 2006 Chevrolet Corvette Car Insurance Quotes

Having to pay for overpriced Chevrolet Corvette insurance can overdraw your checking account and make it impossible to make ends meet. Comparison shopping is free and is an excellent way to make sure you’re not throwing money away.

Numerous car insurance companies battle for your insurance dollar, so it can be very hard to choose a insurer and get the best coverage at the lowest rate possible.

It’s a good habit to compare prices every six months because prices fluctuate regularly. Despite the fact that you may have had the best price on Corvette insurance a couple years back you can probably find a better price now. Starting right now, block out anything you think you know about insurance because you’re going to learn one of the best ways to reduce your cost while increasing coverage.

If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using this strategy. Finding the best rates is not that difficult. Nevertheless, consumers do need to understand how companies market on the web and apply this information to your search.

The quickest method we recommend to get policy rate comparisons is to take advantage of the fact almost all companies pay for the opportunity to compare rate quotes. All consumers are required to do is take a few minutes to give details including if you’re married, driver details, if you are currently licensed, and how much you drive. That rating data is instantly sent to many of the top insurers and they return rate quotes quickly.

Buyer beware of car insurance advertising tricks

Companies like Geico, State Farm and Progressive continually stream ads in print and on television. All the ads say the same thing about savings after switching to their company. How do they all make the same claim?

All the different companies can use profiling for the right customer they prefer to insure. A good example of a preferred risk might be between 25 and 40, owns a home, and drives newer vehicles. Any new insured that hits that “sweet spot” gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Potential customers who do not match these standards will be charged more money and this can result in business not being written. The ad wording is “people who switch” not “everyone that quotes” save that much. This is how companies can make the claims of big savings.

That is why you need to get as many quotes as possible. You cannot predict which insurance companies will fit your personal profile best.

Parts of the Chevy Corvette rate equation

It’s important that you understand the factors that come into play when calculating insurance rates. Knowing what controls the rates you pay enables informed choices that can help you get big savings.

The list below includes a few of the “ingredients” insurance companies consider when setting your rates.

  • Where you live can impact rates – Choosing to live in less populated areas is a positive aspect when talking about insurance. Less people living in that area translates into fewer accidents as well as less vandalism and auto theft. Drivers in populated areas have more traffic problems and longer commute times. More time commuting translates into higher accident risk.
  • Allowing your policy to lapse raises rates – Driving your car without having proper coverage is against the law and you will pay a penalty because you let your coverage have a gap. And not only will your rates increase, getting caught without coverage will get you a license revocation or jail time.
  • Rates may be lower depending on your job – Did you know your insurance rates can be affected by your occupation? Occupations like lawyers, social workers and stock brokers have the highest rates because of high stress and lots of time spent at work. On the other hand, professions such as pilots, students and homemakers get better rates on Corvette insurance.
  • Small claims can cost you – Auto insurance companies generally give cheaper rates to policyholders who file claims infrequently. If you file claims often, you can look forward to either policy cancellation or increased premiums. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Your car’s features help determine rates – Purchasing a vehicle with an alarm system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • High deductibles save money – Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your Chevy from damage. Some instances where coverage would apply could be a windshield shattered by a rock, damage caused by hail, and windstorm damage. Your deductibles are the amount of money you are required to spend before a claim is paid by your company. The more expense you are required to pay out-of-pocket, the less your company will charge you for insurance on Corvette insurance.
  • Teen drivers pay high rates – Young drivers tend to be careless and easily distracted behind the wheel so they pay higher insurance rates. Parents adding a youthful driver to your insurance policy can break the bank. Older drivers are more cautious drivers, tend to file fewer claims and receive fewer citations.
  • Marriage brings a discount – Having a wife or husband can actually save you money when buying insurance. Having a spouse usually means you are more responsible and it’s statistically proven that drivers who are married are more cautious.

Discounts can save BIG

Insuring your vehicles can cost a lot, buy you may qualify for discounts that can drop the cost substantially. Certain discounts will be applied when you complete an application, but a few must be asked for before they will apply.

  • Senior Discount – Mature drivers may be able to get reduced rates on Corvette insurance.
  • Discounts for Safe Drivers – Safe drivers may save up to 50% more on Corvette insurance than less cautious drivers.
  • Memberships – Affiliation with a civic or occupational organization could trigger savings on your policy on Corvette insurance.
  • Employee of Federal Government – Simply working for the federal government can save as much as 8% on Corvette insurance with a few insurance coverage companies.
  • More Vehicles More Savings – Insuring multiple cars or trucks on the same insurance coverage policy qualifies for this discount.
  • Own a Home – Being a homeowner may earn you a small savings because maintaining a house shows financial diligence.

A little note about advertised discounts, some credits don’t apply the the whole policy. Most only cut individual premiums such as medical payments or collision. Just because you may think having all the discounts means you get insurance for free, you’re out of luck. But all discounts will bring down the amount you have to pay.

Car insurance companies that possibly offer these discounts are:

Double check with all companies you are considering which discounts you may be entitled to. Discounts might not apply everywhere.

Will just any policy work for me?

When it comes to buying proper insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you would benefit from an agent’s advice.

  • When should my teen driver be added to my policy?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I need an umbrella policy?
  • Do I need more liability coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What exactly is covered by my policy?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Specifics of your auto insurance policy

Learning about specific coverages of auto insurance aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by auto insurance companies.

Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2006 Chevy Corvette.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Normally these limits do not exceed the liability coverage limits.

Comprehensive coverage (or Other than Collision) – This coverage covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as rock chips in glass, fire damage, hail damage and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability coverages – This coverage protects you from injuries or damage you cause to other people or property. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as legal defense fees, funeral expenses and pain and suffering. How much coverage you buy is a personal decision, but buy higher limits if possible.

Insurance for medical payments – Med pay and PIP coverage reimburse you for immediate expenses such as funeral costs, prosthetic devices, EMT expenses, pain medications and nursing services. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as damaging your car on a curb, backing into a parked car, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

A penny earned…

We covered some good ideas how to get a better price on 2006 Chevy Corvette insurance. The key concept to understand is the more times you quote, the higher the chance of saving money. You may even find the best prices are with the smaller companies. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like Progressive and Geico.

Cheaper insurance can be bought online and also from your neighborhood agents, so you should compare both to get a complete price analysis. A few companies may not provide online quoting and many times these regional insurance providers only sell through independent insurance agents.

More detailed auto insurance information can be read by following these links: