Lower Your 2018 Chevrolet Corvette Insurance Rates

Trying to find lower car insurance rates for your Chevrolet Corvette? Feel like you have an expensive car insurance policy? Say no more because there are many drivers thinking the same thing.

Drivers have so many insurers to pick from, and even though it’s nice to have a choice, it makes it harder to adequately compare rates.

This information will help educate you on the best way to quote coverages and some tips to save money. If you have car insurance now, you should be able to cut costs considerably using this information. Although car owners do need to learn how companies determine prices.

Cheap car insurance rate quotes online

To find affordable insurance coverage quotes, there are several ways to obtain and compare prices from different companies. One of the best ways to find the lowest 2018 Chevy Corvette rates is to jump online and get quotes. It’s really quite simple and can be done in just a few minutes using one of these methods.

  1. The most efficient method consumers can analyze rates is to use a rate comparison form like this one (opens in new window). This method keeps you from doing multiple quote forms for each price estimate. Completing one form gets you coverage quotes instantly.
  2. A different way to find better pricing is spending the time to visit the website for each individual company to request a price quote. For sake of this example, let’s assume you want to view quotes from State Farm, Allstate and Progressive. To find out each rate you need to navigate to each company’s site to input your insurance information, which can be really labor intensive. For a list of links to insurance companies in your area, click here.

Compare rates however you want, just try to keep equivalent information for each quote you get. If you enter mixed coverages you can’t possibly determine the best price for your Chevy Corvette. Just a small difference in insurance coverages may result in large price differences. And when quoting car insurance, remember that obtaining a wide range of quotes increases the change that you will find a lower rate than you’re paying now. Not every company does online quotes, so you need to compare prices from them as well.

Get cheap car insurance with discounts

Car insurance is not an enjoyable expense, but you might be missing out on some discounts that may help make it more affordable. A few discounts will automatically apply at the time of purchase, but some may not be applied and must be requested specifically before you will receive the discount.

  • Accident Waiver – Not necessarily a discount, but some insurance companies will turn a blind eye to one accident without the usual rate increase with the catch being you have to be claim-free for a particular time prior to the accident.
  • Life Insurance Discount – Some companies give a small discount if you purchase a life policy as well.
  • Federal Employees – Federal government employees may reduce rates when you quote insurance coverage on Corvette coverage with a few car insurance companies.
  • Theft Prevention System – Cars, trucks, and SUVs that have factory anti-theft systems are stolen with less frequency and will save you 10% or more.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students up to age 25.
  • Distant College Student Discount – Kids who live away from home at college and leave their car at home could qualify for this discount.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Most only cut individual premiums such as collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

To choose car insurance companies with discount car insurance rates, click here.

Tailor your car insurance coverage to you

When it comes to choosing the right insurance coverage, there isn’t really a single plan that fits everyone. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that might help in determining if you would benefit from an agent’s advice.

  • When should my teen driver be added to my policy?
  • What is the difference between comprehensive and collision coverage?
  • Can I afford to buy a different vehicle if my 2018 Chevy Corvette is totaled?
  • I don’t drive much so do I pay less?
  • I have a DUI can I still get coverage?
  • Can I rent a car in Mexico?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

Learn how to lower your insurance rates

Multiple criteria are part of the equation when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, although some other factors are less apparent such as your credit history or your vehicle rating.

  • Credit rating impacts prices – Having a bad credit score is a big factor in determining your rates. People with high credit ratings tend to be better risks to insure than those with lower credit scores. If your credit score leaves room for improvement, you could be paying less to insure your 2018 Chevrolet Corvette if you improve your credit rating.
  • Drive fewer miles and save – The more you drive your Chevy in a year’s time the higher your rate. A lot of insurance companies rate vehicles determined by how the vehicle is used. Cars and trucks that have low annual miles get more affordable rates compared to those used for work or business. It’s always a good idea to double check that your policy is rated on the proper vehicle usage. Having the wrong rating on your Corvette can result in significantly higher rates.
  • High deductibles cost less – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Examples of covered claims would be a broken side mirror, hitting a deer, and having your car stolen. Physical damage deductibles represent how much money you are required to spend out-of-pocket before your insurance coverage pays a claim. The larger the amount you are required to pay out-of-pocket, the less your company will charge you for insurance on Corvette coverage.
  • Women tend to cost less – Statistics show that females take fewer risks when driving. That doesn’t necessarily mean that men are worse drivers. They both have fender benders in similar percentages, but the men cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations like reckless driving and DUI. Youthful male drivers cause the most accidents so they pay the highest premiums.
  • Advanced GPS tracking and theft deterrents – Choosing to buy a car with an alarm system can help lower your premiums. Systems that thwart theives like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent auto theft and help lower rates.
  • Liability protection is cheap – Your insurance coverage policy’s liability coverage provides coverage if a jury decides you are liable for an accident. This coverage provides legal defense up to the limits shown on your policy. It is affordable coverage as compared to coverage for physical damage, so buy as much as you can afford.

Buyer beware of insurance advertising tricks

Respected companies like Geico, State Farm and Progressive consistently run ads on TV and radio. All the companies make the same claim about savings just by switching your insurance policy to them. How does every insurance company sell you cheaper insurance coverage? It’s all in how they say it.

Many companies have an ideal profile for the type of driver they prefer to insure. One example of a profitable customer may need to be over the age of 35, has a clear driving record, and drives less than 5,000 miles a year. A customer who meets those qualifications will get the preferred rates and most likely will save money with a new company.

Potential insureds who are not a match for those standards will be charged higher rates with the end result being the customer not purchasing. Company advertisements say “drivers that switch” not “everyone that quotes” save money. That’s why insurance companies can make those claims.

Because every company is different, it’s extremely important to do a quote comparison often. It is impossible to predict which insurance company will be your best fit.

Specific coverage details

Knowing the specifics of auto insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types found on most auto insurance policies.

Comprehensive or Other Than Collision

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from flooding, vandalism, hail damage, hitting a bird and falling objects. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto collision coverage

Collision coverage covers damage to your Corvette resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as colliding with a tree, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Medical costs insurance

Med pay and PIP coverage pay for short-term medical expenses such as prosthetic devices, doctor visits, surgery and pain medications. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM Coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Corvette.

Since many drivers 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 should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto liability

Liability coverage protects you from damage or injury you incur to other’s property or people. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which limits claims to one amount without having the split limit caps.

Liability can pay for things such as court costs, attorney fees and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford.

Coverage on a shoestring budget

Discount 2018 Chevy Corvette insurance can be found online and from local agencies, and you need to price shop both in order to have the best price selection to choose from. Some companies don’t offer online price quotes and many times these small, regional companies prefer to sell through local independent agencies.

We just presented many tips how you can save on 2018 Chevy Corvette insurance. The most important thing to understand is the more companies you get prices for, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates come from some of the smallest insurance companies. Smaller companies often have lower prices on specific markets than the large multi-state companies such as State Farm, Geico and Nationwide.

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