1995 Chevrolet Corvette Car Insurance Rates

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me when I say many consumers feel financially strained by their car insurance policy.

Many insurance companies vie to insure your vehicles, so it’s not easy to compare every insurer and get the definite lowest rate possible.

These discounts can slash insurance rates

Auto insurance companies don’t always advertise all their discounts in an easy-to-find place, so we break down some of the more common as well as the least known discounts you could be receiving.

  • New Vehicle Savings – Insuring a new car can save up to 30% compared to insuring an older model.
  • More Vehicles More Savings – Having multiple cars or trucks with the same company can get a discount on all vehicles.
  • Pay Upfront and Save – If you pay your bill all at once rather than paying monthly you can actually save on your bill.
  • Homeowners Discount – Being a homeowner may trigger a insurance policy discount because maintaining a house demonstrates responsibility.
  • Seat Belt Usage – Requiring all passengers to wear their seat belts can save 10% or more on the medical payments or PIP coverage costs.

It’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce individual premiums such as medical payments or collision. So even though it sounds like you can get free auto insurance, you’re out of luck.

For a list of companies offering insurance discounts, click here.

When might I need the advice of an agent?

When choosing proper insurance coverage for your personal vehicles, there is no one size fits all plan. Each situation is unique so this has to be addressed. For example, these questions can help discover whether or not you may require specific advice.

  • Does my 1995 Chevy Corvette qualify for pleasure use?
  • What is PIP insurance?
  • Does having multiple vehicles earn me a discount?
  • How can I get high-risk coverage after a DUI?
  • Is my camper covered by my car insurance policy?
  • When do I need to add a new car to my policy?
  • Why does it cost so much to insure a teen driver?
  • Is there coverage for injuries to my pets?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Insurance coverages and their meanings

Knowing the specifics of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring. Below you’ll find typical coverages found on the average insurance policy.

UM/UIM Coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your 1995 Chevy Corvette.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Liability – Liability coverage protects you from damages or injuries you inflict on other people or property in an accident. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things such as repair costs for stationary objects, loss of income, court costs and medical expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for bills for ambulance fees, rehabilitation expenses, dental work, surgery and prosthetic devices. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, theft, rock chips in glass, vandalism and hail damage. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Summing up your auto insurance search

When buying insurance coverage, you should never skimp on coverage in order to save money. There are a lot of situations where an insured cut comprehensive coverage or liability limits only to regret at claim time that it was a big error on their part. Your focus should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

We covered some good ideas how to reduce 1995 Chevy Corvette insurance prices online. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. You may even discover the best price on auto insurance is with the least-expected company. Smaller companies often have lower prices on specific markets than their larger competitors like State Farm and Allstate.

Much more information about auto insurance can be found on the following sites: