2013 Chevrolet Corvette Insurance Rates – 10 Ways to Save

Finding cheap insurance on the internet may be somewhat difficult for people who are new to comparison shopping online. With so many companies competing online, how can drivers even start to compare every company to locate the best available rates?

It’s a good habit to shop coverage around every six months due to the fact that insurance rates go up and down regularly. Just because you had the lowest price on Corvette insurance a couple years back there is a good chance you can find better rates now. Starting right now, block out anything you think you know about insurance because we’re going to show you the fastest and easiest way to reduce your cost while increasing coverage.

Compare Insurance Coverage Costs

Comparing insurance coverage rates is a ton of work if you don’t know the easiest way. You could waste a few hours talking about coverages with local insurance agents in your area, or you can utilize the web to quickly compare rates.

All the larger companies belong to an insurance system that enables customers to complete one form, and each participating company returns a rated price. This eliminates the need for form submissions for every insurance coverage company.

To get comparison pricing now click here to open in new window.

The one downside to getting quotes like this is that you can’t choose the companies to get pricing from. If you wish to select specific insurance companies to compare, we have a page of insurance coverage companies in your area. Click here to view list.

It’s your choice how you get your quotes, but be sure to compare the exact same information on every quote you get. If you are comparing higher or lower deductibles then you won’t be able to determine which rate is truly the best. Slightly different coverage limits may result in a large different in cost. Just remember that obtaining a wide range of quotes will enable you to find the best price.

Cut prices on 2013 Chevy Corvette insurance

Car insurance companies do not advertise all their discounts very clearly, so the following is a list of some of the best known and the more hidden savings tricks you should be using.

  • Service Members Pay Less – Being on active duty in the military may qualify for rate reductions.
  • Driver Safety – Completing a defensive driving course could cut 5% off your bill and easily recoup the cost of the course.
  • Passive Restraints – Factory air bags can get savings up to 30%.
  • Homeowners Discount – Owning a house may earn you a small savings because owning a home shows financial diligence.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less on Corvette insurance than less cautious drivers.
  • Accident Forgiveness – A few companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
  • Paperless Signup – A handful of insurance companies may give you up to $50 simply for signing over the internet.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching to them before your current policy expires. The savings is around 10%.
  • Drivers Ed for Students – Require your teen driver to take driver’s ed class in high school.
  • College Student – Kids in college who live away from home without a vehicle on campus can receive lower rates.

As a disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Some only reduce specific coverage prices like medical payments or collision. So when the math indicates you would end up receiving a 100% discount, you won’t be that lucky.

Insurance companies that may offer some of the above discounts may include but are not limited to:

Check with each company what discounts are available to you. Savings might not apply in your area.

Tailor your coverage to you

When it comes to choosing coverage for your vehicles, there is no best way to insure your cars. Each situation is unique.

These are some specific questions could help you determine if your situation might need professional guidance.

  • Do I have coverage if my license is suspended?
  • Should I carry comprehensive and collision coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • Does coverage extend to my business vehicle?
  • When should I buy a commercial auto policy?
  • Am I covered when using my vehicle for business?
  • Does my policy cover my teen driver if they drive my company car?
  • Am I covered if I break a side mirror?
  • How high should deductibles be on a 2013 Chevy Corvette?
  • What is an SR-22 filing?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form.

Do auto insurance companies bend the truth?

Progressive, Allstate and Geico regularly use television and radio advertisements. All the companies say the same thing about savings if you move your coverage to them. How do they all make the same claim?

All the different companies can use profiling for the right customer that earns them a profit. For example, a profitable customer might be between the ages of 40 and 55, a clean driving record, and drives newer vehicles. A customer getting a price quote that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to save a lot of money.

Drivers who don’t meet the “perfect” profile will be quoted higher prices and ends up with business going elsewhere. The ads state “customers that switch” not “everyone that quotes” save that much. That’s the way insurance companies can claim big savings. This emphasizes why you need to get a wide range of price quotes. It’s not possible to predict which insurance companies will give you the biggest savings on Chevy Corvette insurance.

Car insurance specifics

Having a good grasp of your policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability car insurance – This will cover injuries or damage you cause to people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers claims such as legal defense fees, bail bonds and court costs. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.

Comprehensive coverage – Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like rock chips in glass, theft and damage from flooding. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage – Collision insurance covers damage to your Corvette resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as sideswiping another vehicle, crashing into a ditch, damaging your car on a curb, colliding with another moving vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP – Med pay and PIP coverage kick in for bills for dental work, hospital visits, funeral costs, ambulance fees and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Spend less. Save more.

Lower-priced 2013 Chevy Corvette insurance is attainable on the web and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies may not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

As you prepare to switch companies, you should never buy less coverage just to save a little money. There are a lot of situations where an accident victim reduced comprehensive coverage or liability limits and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage for the lowest price while still protecting your assets.

Drivers leave their current company for any number of reasons including high rates after DUI convictions, high prices, being labeled a high risk driver and delays in responding to claim requests. It doesn’t matter what your reason, finding a great new company can be pretty painless.

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