Save on 2015 Chevrolet Corvette Insurance Quotes

Searching for low-cost insurance for a Chevy Corvette could be difficult, but you can learn the following methods to make it easier.

There are more efficient ways to buy insurance coverage so we’re going to tell you the quickest way to compare rates on a Chevy and obtain the cheapest rates from both online companies and local agents.

If you have a policy now or are shopping for new coverage, you will benefit by learning to shop for the lowest rates while maintaining coverages. Finding the lowest cost auto insurance coverage is not that difficult. Vehicle owners only need to know the proper way to shop for auto insurance on the web.

The quickest method to compare insurance rates from multiple companies utilizes the fact car insurance companies will pay a fee to provide you with free rate quotes. The only thing you need to do is provide a small amount of information such as daily mileage, the year, make and model of vehicles, whether you are married, and if you are currently licensed. Your insurance information gets sent immediately to multiple insurance providers and you receive quotes instantly.

To check rates for your 2015 Chevy Corvette, click here and find out if you can get cheaper insurance.

Verify you’re getting all your discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to reduce the price significantly. Certain discounts will be triggered automatically at the time of quoting, but lesser-known reductions have to be specifically requested before they will apply. If you don’t get every credit possible, you are throwing money away.

  • Student in College – Any of your kids who attend school more than 100 miles from home and do not have a car can receive lower rates.
  • Memberships – Affiliation with a professional or civic organization could trigger savings when shopping for insurance for Corvette insurance.
  • Accident Forgiveness – A few companies will forgive one accident before hitting you with a surcharge if you are claim-free for a set time period.
  • Auto/Home Discount – When you have multiple policies with the same insurance company you may save up to 20% off your total premium.
  • Passive Restraints – Vehicles equipped with air bags can get savings of 20% or more.

A little note about advertised discounts, many deductions do not apply the the whole policy. Most cut the price of certain insurance coverages like comp or med pay. Just because it seems like you could get a free insurance policy, you won’t be that lucky. But any discount will cut your premiums.

To see a list of insurance companies with discount insurance rates, click here.

Chevy Corvette insurance premiums are calculated by many factors

An important part of buying insurance is that you know some of the elements that help determine auto insurance rates. Knowing what impacts premium levels helps enable you to make changes that can help you get lower auto insurance prices.

  • Never allow your policy to lapse – Not having insurance is against the law and you will pay a penalty because you let your insurance expire. And not only will your rates increase, failure to provide proof of insurance will get you a steep fine or even jail time.You may then be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department to get your license reinstated.
  • Where you reside plays a part – Residing in a small town is a positive aspect when it comes to auto insurance. Drivers in populated areas tend to have more traffic problems and a longer drive to work. Fewer people means a lower chance of having an accident and a lower car theft rate.
  • Liability coverage is peace of mind – Your policy’s liability coverage is the protection if ever you are found to be at fault for personal injury or accident damage. It provides legal defense which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • Do you qualify for a multi-policy discount? – The majority of insurance companies give discounts to customers who buy several policies from them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even though this discount sounds good, it’s in your best interest to compare rates to make sure you are getting the best deal. Consumers may find a better deal by buying insurance from more than one company.
  • Pay less if you’re married – Being married can get you a discount when buying auto insurance. Marriage usually means you are more responsible and it’s proven that married drivers get in fewer accidents.
  • Increase deductibles and save – The deductibles represent how much money you are required to spend if you file a covered claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some examples of claims that would be covered are colliding with a building, damage caused by hail, and rolling your vehicle. The more expense the insured has to pay upfront, the less your company will charge you for insurance for Corvette insurance.

When should I talk to an agent?

When it comes to buying the best car insurance coverage, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • Am I covered if I hit a deer?
  • Should I buy full coverage?
  • What can I do if my company won’t pay a claim?
  • Is rental equipment covered for theft or damage?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Where can I find high-risk insurance?
  • Is my Chevy Corvette covered if I use it for business?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Ads can be misleading

Consumers get pounded daily by advertisements for cheaper car insurance from the likes of Geico, State Farm and Progressive. All the companies say the same thing of big savings if you move your coverage to them.

How does each company make almost identical claims? This is how they do it.

Different companies have a certain “appetite” for the type of driver that earns them a profit. For example, a driver they prefer might be over the age of 40, owns a home, and drives less than 10,000 miles a year. A driver who meets those qualifications gets the lowest rates and therefore will save when switching.

Drivers who don’t measure up to these standards will be charged higher premiums which usually ends up with business not being written. Company advertisements say “customers who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can truthfully advertise the savings.

That is why it’s extremely important to get as many comparisons as possible. It’s not possible to predict the company that will have the lowest Chevy Corvette insurance rates.

Auto insurance policy specifics

Having a good grasp of your auto insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Auto liability – This protects you from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as medical services, funeral expenses, legal defense fees and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Collision – Collision coverage covers damage to your Corvette caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like rolling your car, colliding with another moving vehicle, hitting a parking meter and sideswiping another vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance reimburse you for bills like nursing services, ambulance fees, prosthetic devices, doctor visits and X-ray expenses. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 2015 Chevy Corvette.

Because many people carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time these limits do not exceed the liability coverage limits.

Comprehensive auto coverage – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from flooding, fire damage, damage from a tornado or hurricane, hail damage and theft. The maximum amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Don’t be a big spender

In this article, we presented a lot of ways to save on 2015 Chevy Corvette insurance. The key thing to remember is the more you quote, the higher the chance of saving money. Consumers may even find the best prices are with a lesser-known regional company.

As you prepare to switch companies, it’s a bad idea to buy poor coverage just to save money. In too many instances, an insured dropped physical damage coverage and learned later that their decision to reduce coverage ended up costing them more. The aim is to find the BEST coverage at the best price, not the least amount of coverage.

People switch companies for a variety of reasons including delays in responding to claim requests, being labeled a high risk driver, not issuing a premium refund and even an unsatisfactory settlement offer. It doesn’t matter why you want to switch switching companies is not as difficult as it may seem.

Additional information