View 2011 Chevrolet Corvette Insurance Rates

Trying to find better auto insurance rates for your Chevrolet Corvette? Expensive auto insurance can drain your bank 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.

With so many companies to choose from, it can be challenging to locate the most cost effective insurance company.

It’s a great practice to get comparison quotes at least once a year because insurance rates are variable and change quite frequently. Just because you had the best price on Corvette coverage on your last policy there is a good chance you can find better rates now. So block out anything you think you know about auto insurance because we’re going to show you the proper way to lower your annual insurance bill.

Save on 2011 Chevy Corvette insurance

Insurance can cost an arm and a leg, but you can get discounts that you may not even be aware of. Most are applied at quote time, but less common discounts must be specially asked for before being credited.

  • No Accidents – Good drivers with no accidents can earn big discounts when compared to frequent claim filers.
  • Discount for Life Insurance – Some companies give a break if you buy a life insurance policy as well.
  • Paperwork-free – A few companies will discount your bill up to fifty bucks for buying your policy digitally online.
  • Auto/Home Discount – If you insure your home and vehicles with the same company you will save 10% to 20% off each policy.
  • Safety Course Discount – Taking a course in driver safety can save you 5% or more depending on where you live.
  • One Accident Forgiven – A few companies will allow you to have one accident without raising rates so long as you haven’t had any claims for a certain period of time.
  • Drive Safe and Save – Insureds without accidents may receive a discount up to 45% less on Corvette coverage than their less cautious counterparts.
  • Good Student Discount – A discount for being a good student can save 20 to 25%. The discount lasts up to age 25.
  • Seat Belt Usage – Requiring all passengers to use their safety belts could save 15% off your medical payments premium.

A little note about advertised discounts, some of the credits will not apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. Even though it may seem like adding up those discounts means a free policy, companies don’t profit that way. But any discount will cut the cost of coverage.

To see a list of insurers with discount car insurance rates, click this link.

Tailor your coverage to you

When choosing the best insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining if you might need professional guidance.

  • Am I covered when driving a rental car?
  • Is my cargo covered for damage or theft?
  • Should I have combined single limit or split liability limits?
  • Are my tools covered if they get stolen from my vehicle?
  • What is high-risk coverage and where do I buy it?
  • Does my insurance cover my expensive audio equipment?
  • Is my Chevy Corvette covered if I use it for business?
  • Am I missing any policy discounts?

If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Buyer beware of car insurance advertising tricks

Car insurance providers like Geico, State Farm and Progressive continually stream television and radio advertisements. They all say the same thing about savings after switching your coverage to them. How can each company claim to save you money?

All companies have a certain “appetite” for the type of customer that is profitable for them. For instance, a profitable customer might be over the age of 40, is a homeowner, and drives newer vehicles. A customer that hits that “sweet spot” will get very good rates and therefore will cut their rates substantially.

Consumers who don’t meet the “perfect” profile must pay a more expensive rate which usually ends up with business not being written. The ads say “drivers who switch” not “people who quote” save money. That is how insurance companies can confidently claim big savings.

This illustrates why you absolutely need to compare many company’s rates. It’s not possible to predict which company will provide you with the cheapest Chevy Corvette insurance rates.

Car insurance 101

Having a good grasp of your insurance policy helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most insurance policies.

Comprehensive coverage

This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like hail damage, theft and a tree branch falling on your vehicle. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage

This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things such as colliding with another moving vehicle, sustaining damage from a pot hole, scraping a guard rail, crashing into a building and crashing into a ditch. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP pay for expenses such as chiropractic care, prosthetic devices, doctor visits, ambulance fees and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your 2011 Chevy Corvette.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally these coverages do not exceed the liability coverage limits.

Liability insurance

This will cover damage that occurs to other’s property or people in an accident. This coverage protects you against claims from other people. It does not 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 might see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like attorney fees, medical services and structural damage. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.

Best coverage at the best price

In this article, we presented a lot of ways to compare 2011 Chevy Corvette insurance prices online. It’s most important to understand that the more you quote, the higher your chance of finding lower rates. Consumers may even find the lowest priced auto insurance comes from some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as Geico and State Farm.

As you shop your coverage around, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where drivers have reduced collision coverage and found out when filing a claim that the savings was not a smart move. The proper strategy is to purchase a proper amount of coverage for the lowest price.

Low-cost insurance is attainable both online and with local insurance agents, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who do not offer the ability to get a quote online and these small, regional companies work with independent agents.

Much more information about auto insurance is located on the following sites: