2004 Chevrolet Corvette Insurance Quotes – 8 Policy Discounts

Trying to find low cost Driversinsurance may be nearly impossible for people who have little experience comparing prices online. There are so many agents and companies to choose from that it can turn into a real difficult job to locate the lowest premium rates.

If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using this strategy. Finding more affordable auto insurance is simple if you know the tricks. But car owners must understand how companies price online insurance and apply this information to your search.

Affordable insurance

The majority of larger companies like State Farm, Allstate and Geico give coverage prices direct online. Getting quotes is easy for anyone as you simply type in your required coverages as requested by the quote form. Once you submit the form, their rating system automatically orders information on your driving record and credit history and gives you a price quote based on the information you submitted.

Quoting online makes it easy to compare insurance prices but the time it takes to visit several different sites and type in your information is monotonous and tiresome. But it’s necessary to do this if you want to find a better rate.

There is a better way!

An easier way to find better insurance pricing requires only one form to return rates from a lot of companies. It’s a real time-saver, requires less work, and makes rate comparisons much more enjoyable and efficient. After sending your information, it is quoted and you can choose your choice of the pricing results.

If the quotes result in lower rates, you can simply submit the application and buy the policy. It takes 15 minutes at the most and you will find out if you’re overpaying now.

To find out how much you can save on insurance, click here and fill out the form. If you have your current policy handy, we recommend you duplicate deductibles and limits identical to your current policy. This way, you will get a rate comparison for similar coverage.

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Find hidden discounts to get affordable car insurance rates

Companies that sell car insurance don’t always advertise every disount available in an easy-to-find place, so the next list breaks down both well-publicized and also the lesser-known discounts you could be receiving when you buy car insurance online. If you do not check that you are getting every discount available, you could be paying more than you need to.

• Sign Early and Save – A few car insurance companies offer discounts for switching policies before your current coverage expires. Ten percent is about the average savings.
• Memberships – Having an affiliation with certain professional organizations is a good way to get lower rates on your next car insurance statement.
• Good Driver Discounts – Drivers who don’t get into accidents may receive a discount up to 45% for Corvette insurance compared to accident prone drivers.
• Data Collection Discounts – Insureds that choose to allow companies to look at when and where they use their vehicle by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could possibly reduce rates as long as they are good drivers.
• Defensive Driving Course – Passing a class that teaches driver safety techniques could cut 5% off your bill and easily pay for the cost of the class.
• Distant Student Discount – Any of your kids who are enrolled in higher education away from home and do not have a car may be insured at a cheaper rate.
• Accident-Free Discounts – Insureds with no claims or accidents pay less as compared to frequent claim filers.
• E-sign Discounts – Many car insurance companies will discount your bill up to fifty bucks for signing up on the web.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, it just doesn’t work that way.

A list of companies and a selection of discounts are shown below.

• American Family includes discounts for multi-vehicle, bundled insurance, good student, Steer into Savings, TimeAway discount, and accident-free.
• Nationwide offers discounts for easy pay, anti-theft, accident-free, Farm Bureau membership, and good student.
• MetLife may offer discounts for good driver, defensive driver, good student, accident-free, multi-policy, and claim-free.
• 21st Century discounts include teen driver, air bags, defensive driver, anti-lock brakes, good student, and 55 and older.
• Farmers Insurance offers premium reductions for electronic funds transfer, teen driver, alternative fuel, business and professional, early shopping, and distant student.
• Allstate may have discounts that include teenSMART discount, economy car, good payer, senior citizen, and premier discount.

If you need the cheapest car insurance quotes, ask all the companies what discounts are available to you. Savings might not apply everywhere. To locate insurers offering car insurance discounts, click here.

Tailor your insurance coverage to you

When it comes to buying adequate coverage, there really is not a “best” method to buy coverage. Each situation is unique.

For instance, these questions might point out whether your personal situation could use an agent’s help.

• Can my teen driver be rated on a liability-only vehicle?
• Is my ex-spouse still covered by my policy?
• Do I need added coverage for expensive stereo equipment?
• Should I have combined single limit or split liability limits?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Do I really need UM/UIM coverage?
• Am I covered when delivering products for my home-based business?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. To find an agent in your area, complete this form.

Information about specific coverages

Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and nobody wants to actually read their policy.

Comprehensive coverage (or Other than Collision) – This will pay to fix 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 things such as fire damage, falling objects, hail damage, damage from a tornado or hurricane and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision – Collision coverage will pay to fix damage to your Corvette resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like hitting a mailbox, driving through your garage door and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Insurance for medical payments – Med pay and PIP coverage provide coverage for bills such as pain medications, dental work and funeral costs. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Auto liability insurance – Liability insurance protects you from damage or injury you incur to a person or their property in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like loss of income, funeral expenses, medical services and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Corvette.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these limits are similar to your liability insurance amounts.

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Stretch your dollar

The cheapest 2004 Chevy Corvette insurance can be bought online in addition to local insurance agencies, so you should compare both to get a complete price analysis. Some insurance companies do not offer rates over the internet and these smaller providers prefer to sell through independent insurance agencies.

As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice physical damage coverage and learned later that they should have had better coverage. Your strategy should be to buy enough coverage at an affordable rate and still be able to protect your assets.

Throughout this article, we presented many tips how you can save on 2004 Chevy Corvette insurance. The most important thing to understand is the more quotes you get, the better your chances of lowering your car insurance rates. You may be surprised to find that the best rates are with a lesser-known regional company.

Additional resources

• Side Impact Crash Tests (iihs.org)
• Credit and Insurance Scores (Insurance Information Insitute)
• Comprehensive Coverage (Liberty Mutual)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)
• How to Avoid Staged Accidents (State Farm)

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