How Much Does 2017 Chevrolet Corvette Car Insurance Cost?

Buyers have a choice when searching for affordable Chevy Corvette insurance. You can either spend your time driving around getting price quotes or use the internet to make rate comparisons.

There are more efficient ways to compare insurance coverage rates so we’re going to tell you the absolute fastest way to compare rates for a new or used Chevy and find the lowest possible price from both online companies and local agents.

It’s a good idea to shop coverage around at least once a year because prices are rarely the same from one policy term to another. Despite the fact that you may have had the best quotes on Corvette insurance six months ago you can probably find a better rate now. Ignore everything you know about insurance coverage because I’m going to teach you one of the quickest ways to save money, get proper coverage and the best rates.

Shop insurance online

There are a lot of ways you can shop for insurance but there is one way that is less time-consuming than others. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you could use online quotes to get the quickest rates.

Most car insurance companies enroll in a system that enables customers to only type in their quote data once, and each participating company can give them a price determined by their information. This saves time by eliminating quotation requests for every insurance company.

To fill out one form to compare multiple rates now click here to open in new window.

The single downside to getting quotes like this is you can’t choose which insurance companies you want to price. If you would rather choose specific insurance companies to compare, we have a listing of companies who write insurance in your area. Click here to view list.

It’s your choice how you get your quotes, but make sure you use the same coverage data with each company. If you use different deductibles it will be next to impossible to make a fair rate comparison.

Insurance rate influencing factors

Many factors are taken into consideration when pricing auto insurance. Some are pretty understandable like an MVR report, but others are not as apparent such as whether you are married or how financially stable you are.Part of the auto insurance buying process is learning the rating factors that come into play when calculating your auto insurance rates. If you know what influences your rates, this empowers consumers to make smart changes that may result in better auto insurance rates.

The itemized list below are some of the things that factor into your prices.

  • Physical damage deductibles – Comp and collision deductibles define the amount you are willing to pay if a covered claim is submitted. Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims would be rearending another vehicle, animal collisions, or theft of your vehicle. The larger the amount the insured is willing to pay, the less money you will pay for auto insurance on Corvette insurance.
  • Proper usage rating affects prices – Driving a lot of miles each year the more you’ll pay to insure it. Most companies rate vehicles based upon how you use the vehicle. Vehicles that are left in the garage cost less to insure than those used for commuting. Ask your agent if your auto insurance policy reflects annual mileage, because it can save money. Incorrect rating for your Corvette is just wasting money.
  • Improve your credit score – Having a bad credit history is a large factor in your rate calculation. So if your credit is not that good, you could be paying less to insure your 2017 Chevrolet Corvette by spending a little time repairing your credit. Insureds that have excellent credit tend to be less risk to insure as compared to drivers with lower ratings.
  • Get a ticket, pay higher prices – Only having one citation may cause rates to rise twenty percent or more. Attentive drivers tend to pay less for car insurance compared to bad drivers. Drivers who have serious violations such as DUI or willful reckless driving may need to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to drive a vehicle legally.
  • Too many insurance claims drive up rates – Auto insurance companies generally give the lowest premiums to people who are claim-free. If you are the type of insured that files lots of claims you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is designed for the bigger claims that can’t be paid out-of-pocket.
  • Teenage drivers pay higher rates – Older insureds are shown to be more cautious, file fewer claims and are safer drivers.Teen drivers are proven to be inattentive when driving so auto insurance rates are higher.

More discounts mean affordable premiums

Car insurance is not inexpensive, but you might be missing out on some discounts to help offset the cost. Certain discounts will be triggered automatically when you complete an application, but some must be specifically requested before they will apply. If you do not check that you are getting every discount available, you are not getting the best rate possible.

  • Discount for Passive Restraints – Cars that have air bags or motorized seat belts can get savings of more than 20%.
  • Driver Safety – Passing a defensive driver class could possibly earn you a 5% discount and also improve your driving technique.
  • First Accident Forgiveness – This one is not really a discount per se, but a handful of insurance companies will forgive one accident without getting socked with a rate hike as long as you don’t have any claims for a set time period.
  • Discounts for Seat Belt Usage – Forcing all vehicle occupants to use a seat belt can save a little off the PIP or medical payment premium.
  • Pay Upfront and Save – If you pay your bill all at once as opposed to paying monthly you can avoid monthly service charges.

Remember that some of the credits will not apply to your bottom line cost. Some only reduce individual premiums such as comp or med pay. Just because it seems like all the discounts add up to a free policy, that’s just not realistic.

To locate insurers offering car insurance discounts, click this link.

It’s not one size fits all

When choosing the best insurance coverage coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions might help in determining whether or not you will benefit from professional help.

  • Do I have coverage for damage caused while driving under the influence?
  • Do I need to file an SR-22 for a DUI in my state?
  • Can I afford to pay high deductible claims out of pocket?
  • Why do I only qualify for high-risk insurance?
  • Does my liability insurance cover pulling a trailer or camper?
  • Am I covered when driving on a suspended license?
  • Does having multiple vehicles earn me a discount?
  • Is my trailer covered?
  • Is my 2017 Chevy Corvette covered for flood damage?
  • Why am I be forced to buy a membership to get insurance from some companies?

If you can’t answer these questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

Insurance coverage breakdown

Learning about specific coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Insurance terms can be confusing and nobody wants to actually read their policy.

Comprehensive auto coverage

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as damage from getting keyed, rock chips in glass, damage from a tornado or hurricane and damage from flooding. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your 2017 Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for X-ray expenses, prosthetic devices and doctor visits. They can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Liability coverage

This coverage provides protection from injuries or damage you cause to a person or their property by causing an accident. It protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like repair bills for other people’s vehicles, repair costs for stationary objects, attorney fees, structural damage and court costs. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Collision protection

Collision coverage will pay to fix damage to your Corvette resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a building, driving through your garage door and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Make an honest buck

The cheapest 2017 Chevy Corvette insurance is possible both online in addition to many insurance agents, and you need to price shop both in order to have the best chance of saving money. A few companies may not have internet price quotes and many times these regional insurance providers prefer to sell through independent insurance agents.

As you shop your coverage around, do not buy poor coverage just to save money. In many instances, an insured dropped comprehensive coverage or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to get the best coverage possible at the lowest possible cost, not the least amount of coverage.

Drivers change insurance companies for a variety of reasons including an unsatisfactory settlement offer, denial of a claim, questionable increases in premium and high rates after DUI convictions. It doesn’t matter why you want to switch finding a new insurance company is not as difficult as it may seem.

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