How Much Does 1996 Chevrolet Corvette Insurance Cost?

Looking for better auto insurance rates for your Chevrolet Corvette? Scraping up a payment for pricey Chevrolet Corvette insurance can diminish your savings account and force you to cut corners elsewhere. Comparing cost estimates is free and is an excellent way to tighten up your finances.

Many insurance companies compete for your business, and because of this it can be hard to compare auto insurance companies to find the cheapest price

It’s smart to shop coverage around every six months because auto insurance prices trend upward over time. Even if you think you had the best price on Corvette insurance on your last policy you will most likely find a better rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the tricks you need to know to find better coverage at a better price.

Do you qualify for discount insurance?

Auto insurance companies don’t necessarily list every disount available in a way that’s easy to find, so the following is a list of both well-publicized as well as the least known discounts that you can inquire about if you buy insurance online.

• Discount for Low Mileage – Maintaining low annual mileage can earn lower premium rates due to less chance of an accident.
• College Student – Children who live away from home at college without a vehicle on campus can be insured at a reduced rate.
• No Claim Discounts – Drivers who stay claim-free get the best insurance rates when compared to policyholders that have many claims.
• Discount for Life Insurance – Companies who offer life insurance give a small discount if you purchase some life insurance in addition to your auto policy.
• Save with a New Car – Adding a new car to your policy can save you some money because new model year vehicles are generally safer.
• Senior Citizen Rates – Mature drivers may receive a small decrease in premiums on Corvette insurance.

Discounts save money, but please remember that some credits don’t apply the the whole policy. A few only apply to specific coverage prices like collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, insurance companies aren’t that generous. Any amount of discount should help reduce your policy cost.

The best insurance companies and their offered discounts are outlined below.

• Farmers Insurance may have discounts that include teen driver, distant student, multi-car, early shopping, bundle discounts, and business and professional.
• Esurance discounts include online shopper, emergency road assistance, multi-car, renters, homeowner, claim free, and defensive driver.
• State Farm offers premium reductions for Steer Clear safe driver discount, multiple policy, Drive Safe & Save, student away at school, good driver, anti-theft, and safe vehicle.
• Geico policyholders can earn discounts including anti-lock brakes, membership and employees, daytime running lights, seat belt use, and federal employee.
• Allstate may offer discounts for multi-policy, premier plus, utility vehicle, senior citizen, new car, and safe driver.

When comparing rates, check with every prospective company which discounts you may be entitled to. Some discounts may not apply to policies in your state. To see insurance companies that offer some of these discounts, click here to view.

The method we recommend to compare car insurance company rates is to realize all the major auto insurance companies pay for the opportunity to give you rate quotes. To get started, all you need to do is give the companies some data such as how much education you have, deductibles desired, if you lease or own, and how many miles driven. That information is instantly sent to multiple auto insurance providers and they provide comparison quotes instantly.

To compare multiple company rates now, click here and see if a lower rate is available.

What insurance coverages do I need?

When it comes to choosing adequate coverage, there is no single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that may help you determine whether or not you may require specific advice.

• Does my 1996 Chevy Corvette need full coverage?
• Am I covered when using my vehicle for business?
• What can I do if my company won’t pay a claim?
• Can I rent a car in Mexico?
• Can my teen driver be rated on a liability-only vehicle?
• What are the best liability limits?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Specific coverage details

Learning about specific coverages of your insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages available from insurance companies.

Collision coverage

This pays for damage to your Corvette from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like colliding with another moving vehicle, scraping a guard rail, backing into a parked car, hitting a parking meter and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as theft, rock chips in glass, vandalism and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for EMT expenses, dental work, chiropractic care and X-ray expenses. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Auto liability insurance

Liability insurance protects you from damage that occurs to other people or property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for claims such as bail bonds, structural damage, court costs, medical expenses and funeral expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Corvette.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are identical to your policy’s liability coverage.

Do the work, save more money

As you go through the steps to switch your coverage, it’s not a good idea to reduce needed coverages to save money. There have been many cases where someone dropped liability coverage limits and discovered at claim time that they should have had better coverage. Your objective should be to buy enough coverage at the best possible price while still protecting your assets.

Budget-conscious 1996 Chevy Corvette insurance can be bought from both online companies and with local insurance agents, so you need to quote insurance with both in order to have the best chance of saving money. Some auto insurance companies do not provide online price quotes and usually these regional insurance providers provide coverage only through independent agents.

To learn more, link through to these articles:

• Cellphones, Texting and Driving (iihs.org)
• Insuring a Leased Car (Insurance Information Insitute)
• Coverage Information (Progressive Insurance)
• Comprehensive Coverage (Liberty Mutual)