1990 Chevrolet Corvette Insurance Quotes – 9 Savings Tips

Looking for lower insurance rates for your Chevrolet Corvette? Finding low-cost insurance for a new or used Chevy Corvette can be an all-consuming task, but you can use our insurance buying tips and make it easy.

There is a better way to shop for insurance and we’ll show you the proper way to compare rates for your Chevy and locate the lowest price from local insurance agents and online providers.

Smart consumers take time to compare prices on a regular basis because rates are usually higher with each renewal. Even if you think you had the lowest price for Corvette insurance last year a different company probably has better rates today. Forget anything you know (or think you know) about insurance because you’re about to find out the tricks you need to know to find the best coverage while lowering your premiums.

Save on Chevy Corvette insurance

The price of auto insurance can be rather high, but you can get discounts to cut the cost considerably. A few discounts will automatically apply at the time of purchase, but lesser-known reductions have to be asked about prior to getting the savings. If they aren’t giving you every credit available, you are throwing money away.

  • Discount for Good Grades – Performing well in school can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Life Insurance – Larger companies have better rates if you take out life insurance.
  • Auto/Home Discount – If you insure your home and vehicles with the same insurance company you may save at least 10% off all policies.
  • Passive Restraints and Air Bags – Cars that have air bags can get savings up to 30%.
  • Federal Government Employee – Simply working for the federal government may qualify you for a discount for Corvette insurance depending on your company.
  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
  • No Charge for an Accident – A few companies permit an accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy could earn a price break for each car.
  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.

Consumers should know that some credits don’t apply the the whole policy. Most only apply to specific coverage prices like medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any amount of discount will cut the amount you have to pay.

Insurance companies who might offer some of the above discounts are:

Before buying, ask every prospective company how you can save money. All car insurance discounts may not be available in your state.

Tailor your coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is not a cookie cutter policy. Each situation is unique.

These are some specific questions can aid in determining whether you may require specific advice.

  • Should I get collision insurance on every vehicle?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Will my rates increase for filing one claim?
  • When can my company non-renew my policy?
  • How high should my uninsured/underinsured coverage be in my state?
  • Should I have a commercial auto policy?
  • Should I buy only the required minimum liability coverage?
  • Is motorclub coverage worth it?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and can help protect your family.

Buyer beware of auto insurance advertising tricks

Consumers constantly see and hear ads for the lowest price auto insurance from companies such as Allstate and Progressive. They all make the same claim about savings after switching your policy.

How does each company make almost identical claims?

All companies have a preferred profile for the type of customer they prefer to insure. A good example of a driver they prefer could be between 30 and 50, has no driving citations, and has a high credit rating. Any new insured who fits that profile will get the preferred rates and is almost guaranteed to save a lot of money.

Drivers who do not match the “perfect” profile will have to pay a more expensive rate and ends up with the driver buying from a lower-cost company. The ads state “drivers who switch” not “everybody who quotes” save money. That’s the way companies can truthfully state the savings.

Because of the profiling, you should get quotes from several different companies. It’s just too difficult to predict which company will provide you with the cheapest Chevy Corvette insurance rates.

Car insurance coverage options for a Chevy Corvette

Learning about specific coverages of a car insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as pain medications, hospital visits, nursing services, ambulance fees and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover 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

Comprehensive car insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like hail damage, theft, falling objects and a broken windshield. The maximum payout you can receive from a comprehensive claim 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.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Corvette.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time these coverages are set the same as your liablity limits.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like hitting a mailbox, driving through your garage door and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Liability car insurance

Liability coverage protects you from damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like medical services, repair costs for stationary objects, bail bonds, attorney fees and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

A penny saved is a penny earned

Cheaper 1990 Chevy Corvette insurance can be found both online in addition to many insurance agents, and you should be comparing both to have the best rate selection. There are still a few companies who do not provide you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

Drivers switch companies for many reasons like not issuing a premium refund, lack of trust in their agent, an unsatisfactory settlement offer and even questionable increases in premium. It doesn’t matter what your reason, finding a great new company is easier than you think.

When shopping online for auto insurance, it’s not a good idea to reduce needed coverages to save money. In many cases, someone sacrificed liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.

Additional auto insurance information is available at the links below