Compare 2017 Chevrolet Corvette Insurance Rates

Shoppers have many options when shopping for the best price on Chevy Corvette insurance. You can either spend your time contacting agents to get rate comparisons or utilize the internet to get rate quotes.

There are more efficient ways to shop for insurance coverage and we’ll show you the quickest way to get price quotes for a Chevy and obtain the lowest possible price from both online companies and local agents.

If you have a current car insurance policy or need a new policy, you can use these tips to get lower rates while maximizing coverage. The purpose of this post is to introduce you to how to get online quotes and some tips to save money. Vehicle owners just need to understand the proper way to compare company rates over the internet.

Which insurance is cheapest?

Most of the larger companies such as Progressive, Allstate and Geico allow consumers to get price estimates from their websites. Doing online price comparisons is very simple because it’s just a matter of typing in your coverage preferences into the quote form. Upon sending the form, their system orders information on your driving record and credit history and returns pricing information.

Online price quotes makes it easy to compare insurance prices but the process of having to visit several different sites and type in the same information is a big time waster. But it’s also necessary to perform this step in order to find the lowest possible prices on insurance.

A better way to lower your insurance bill is to use a quote form to get prices from several different companies. It’s a real time-saver, eliminates repetitive work, and makes quoting online much easier. Immediately after you send the form, it is quoted and you can choose any one of the quote results.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the new coverage. The entire process takes 15 minutes at the most and could lower your rates considerably.

In order to use this form to compare rates, click here and submit the form. If you have coverage now, it’s recommended you complete the form with coverages and limits exactly as they are listed on your policy. This helps ensure you will have an apples-to-apples comparison for the exact same coverage.

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Insurance coverage buyers beware

Consumers can’t avoid all the ads that claim the best prices by companies like Progressive, Allstate and Geico. They all seem to convey the message about savings just by moving your insurance coverage policy to them.

Is it even possible that every company can charge you less for car insurance? It’s all in how they say it.

Many companies quote their cheapest rates for the type of insured that earns them the highest profit. One example of a desirable insured may be over the age of 40, has no prior claims, and drives a lower-performance vehicle. Any new insured that hits that “sweet spot” gets the lowest premium rates and have a good chance to save when they switch companies.

Consumers who fall short of the “perfect” profile will get a more expensive rate which translates to the driver buying from a lower-cost company. The ads state “drivers that switch” but not “all drivers who get quotes” can save as much as they claim. That’s the way insurance companies can advertise the way they do.

This really emphasizes why drivers must do a quote comparison often. Because you never know which company will give you the biggest savings.

The Chevy Corvette insurance rate equation

A large part of saving on insurance coverage is knowing the factors that play a part in calculating insurance coverage rates. When you understand what impacts premium levels, this empowers consumers to make smart changes that may result in better insurance coverage rates.

The itemized list below are most of the major factors used by insurance companies to determine your premiums.

• Claim-free discounts can add up – If you’re an insured who likes to file claims you shouldn’t be surprised to get either higher rates or even cancellation. Insurance companies provide the lowest premiums to policyholders who file claims infrequently. Insurance coverage is meant to be used in the event of claims that you cannot pay yourself.
• Increase deductibles to save – Comprehensive and collision coverage deductibles are the amount of money the insured will be required to pay if the claim is covered. Insurance for physical damage, aka comp and collision, is used to repair damage to your car. Some examples of covered claims could be colliding with a stationary object, damage caused by hail, and having a roll-over accident. The more you’re willing to pay, the less your insurance coverage will be for Corvette insurance.
• Liability protection is peace of mind – Liability coverage will afford coverage if you are found liable for an accident. Your policy’s liability insurance provides you with a defense in court starting from day one. This coverage is relatively inexpensive compared to comp and collision, so do not cut corners here.
• Does your employer cost you more? – Occupational choices like judges, architects and stock brokers usually pay higher premium rates in part from high stress levels and lots of time spent away from family. Conversely, careers like farmers, engineers and homemakers pay lower than average rates for Corvette insurance.
• Your spouse saves you money – Getting married may save some money on your policy. Marriage translates into being less irresponsible and statistics show married drivers tend to file fewer claims.
• Better drivers pay less – Whether or not you get tickets has a huge affect on how much you pay. Having a single ticket can boost insurance rates by as much as thirty percent. Drivers with clean records pay less for auto insurance as compared to those with violations. Drivers who have received serious citations such as DUI or reckless driving may be required to file a SR-22 with the DMV in their state in order to drive a vehicle legally.
• Lower rates with GPS tracking and theft deterrents – Choosing to buy a car that has a built-in theft deterrent system can help lower your rates. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system help track and prevent car theft and help bring rates down.
• A linsurance coverage lapse is a bad thing – Not maintaining insurance is against the law and you will pay a penalty because you let your coverage have a gap. Not only will you pay higher rates, being ticketed for driving with no insurance will get you a fine, jail time, or a revoked license. You may need to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.

Get affordable rates with these insurance discounts

Insurance is neither fun to buy or cheap, but you might be missing out on some discounts that you may not even know about. Certain reductions will be credited at the time of purchase, but occassionally some discounts must be specifically requested before you will receive the discount.

• Save over 55 – Mature drivers may be able to get reduced rates for Corvette insurance.
• E-sign Discounts – A handful of insurance companies will give you a small discount for buying a policy and signing up on their website.
• Homeowners Pay Less – Owning your own home or condo can save a few bucks because it demonstrates responsibility.
• Government Employee Discount – Employees or retirees of the government could provide a small rate reduction for Corvette insurance but check with your company.
• Distant Student – Any of your kids who are enrolled in a college that is more than 100 miles from home and won’t have access to an insured vehicle can receive lower rates.
• ABS and Traction Control Discounts – Anti-lock brake equipped vehicles are much safer to drive so companies give up to a 10% discount.

While discounts sound great, it’s important to understand that most discounts do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as liability and collision coverage. So even though it sounds like you can get free auto insurance, nobody gets a free ride. But all discounts should help lower the premium cost.

For a list of insurance companies that offer some of these discounts, click here to view.

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Insurance can get complicated

When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different.

For instance, these questions may help you determine whether your personal situation would benefit from professional advice.

• If my pet gets injured in an accident are they covered?
• Should I get collision insurance on every vehicle?
• What is UM/UIM insurance?
• Am I covered when driving on a suspended license?
• When should I drop full coverage on my 2017 Chevy Corvette?
• Am I getting all the discounts available?
• Does my policy cover me when driving someone else’s vehicle?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It’s fast, free and you can get the answers you need.

Insurance coverage basics

Having a good grasp of insurance can help you determine the best coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

Collision insurance

This covers damage to your Corvette resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a ditch, colliding with a tree, colliding with another moving vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Liability insurance

This protects you from damages or injuries you inflict on a person or their property by causing an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things such as bail bonds, medical services, medical expenses and legal defense fees. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as surgery, rehabilitation expenses and hospital visits. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage

Comprehensive insurance pays for 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 coverage protects against claims such as hitting a deer, hitting a bird and fire damage. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Corvette.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Compare but don’t skimp

Some companies may not have online price quotes and usually these regional insurance providers only sell coverage through independent agents. Budget-friendly insurance is available online as well as from insurance agents, so compare prices from both to have the best rate selection.

As you prepare to switch companies, you should never skimp on coverage in order to save money. In too many instances, consumers will sacrifice physical damage coverage and discovered at claim time that it was a big mistake. The aim is to buy enough coverage at the best price, but do not sacrifice coverage to save money.

You just learned some good ideas how to save on 2017 Chevy Corvette insurance. The key thing to remember is the more companies you get car insurance rates for, the higher your chance of finding cheaper insurance coverage. You may be surprised to find that the biggest savings come from a small local company.

To read more, take a look at the following helpful articles:

• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Preventing Carjacking and Theft (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Child Safety Seats (Insurance Information Insitute)

Enter your zip code below to view companies that have cheap auto insurance rates.

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