1997 Chevrolet Corvette Car Insurance Rates

Looking for lower auto insurance rates for your Chevrolet Corvette? Feel like you’re a prisoner to high-priced auto insurance? Believe me, you’re not the only one. Because there are so many online and local companies to choose from, it can be diffult for consumers to pick the cheapest insurer.

It’s a good idea to price shop coverage every six months since insurance rates change frequently. Even if you got the best price for Corvette coverage last year there is a good chance you can find better rates now. So just ignore everything you know about auto insurance because you’re about to learn the fastest and easiest way to find lower rates on auto insurance.

Choosing the best insurance company for you is easy if you know what you’re doing. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these techniques. Vehicle owners only need an understanding of the proper way to shop their coverage around online.

Chevy Corvette insurance rates can be determined by these details

It’s important that you understand the rating factors that come into play when calculating the price you pay for auto insurance. Having a good understanding of what impacts premium levels helps enable you to make changes that will entitle you to better auto insurance rates.

The list below includes a partial list of the pieces that factor into prices.

  • What are your deductibles? – Your deductibles define the amount you are required to spend out-of-pocket before your auto insurance pays a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims would be running into the backend of another car, vandalism, or theft. The more expense you’re willing to pay, the bigger discount you will receive for Corvette coverage.
  • Lower rates with optional equipment – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your auto insurance. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your car from being stolen.
  • Being married is a good thing – Getting married can actually save you money on auto insurance. It means you’re more mature and it’s proven that married couples file fewer claims.
  • Pleasure use or commuting – Driving more miles each year the higher your rates will be. Most companies price each vehicle’s coverage based on how the vehicle is used. Cars and trucks that are left in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Corvette can cost quite a bit. Verify your auto insurance coverage is showing the proper vehicle usage.
  • Better credit means lower rates – Credit score is a large factor in determining what you pay for auto insurance. If your credit history is lower than you’d like, you could pay less to insure your 1997 Chevrolet Corvette by improving your credit score. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers who have poor credit.
  • How your age affects price – Teenage drivers are statistically proven to be careless and easily distracted behind the wheel so they pay higher auto insurance rates. Having to add a youthful driver to your auto insurance policy can be quite pricey. Older drivers are more cautious drivers, file fewer claims and receive fewer citations.
  • A clean driving record saves money – Your driving record has a huge affect on how much you pay. Drivers with clean records get better rates than bad drivers. Even a single citation may increase your cost forty percent or more. Drivers who get serious violations such as hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state motor vehicle department in order to continue driving.

Auto Insurance Quote Comparison

All major auto insurance companies give coverage prices on their websites. Obtaining pricing is quite easy as you just enter the coverage amounts you desire as requested by the quote form. When the form is submitted, their rating system automatically orders credit information and your driving record and generates pricing information based on many factors. Online price quotes helps simplify price comparisons, but the time it takes to visit multiple sites and type in the same information is repetitive and time-consuming. But it’s absolutely necessary to perform this step in order to find better auto insurance pricing.

The quickest way to find better auto insurance pricing is to use a quote form to get prices from a bunch of companies at once. It saves time, requires much less work on your part, and makes online shopping a lot less work. As soon as the form is sent, it is quoted and you are able to buy any or none of the price quotes you receive. If the quotes result in lower rates, you can simply submit the application and purchase coverage. This process takes 15 minutes at the most and may save quite a bit of money.

To quickly find out if lower rates are available, click here to open in new window and input your coverage information. If you have a policy now, it’s recommended that you enter the limits and deductibles as close as possible to your current policy. Using the same limits helps guarantee you will have a price comparison for similar insurance coverage.

Is there truth in advertising?

Consumers get pounded daily by advertisements that promise big savings from the likes of State Farm, Geico and Progressive. All the ads say the same thing about savings if you move your coverage to them.

How do they all make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the driver that makes them money. For instance, a preferred risk might be profiled as between the ages of 30 and 50, has no tickets, and chooses high deductibles. Any new insured that hits that “sweet spot” receives the best rates and as a result will probably save a lot of money.

Consumers who are not a match for the requirements will be quoted higher rates which leads to the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “people who quote” save that kind of money. That is how companies can truthfully advertise the way they do. This emphasizes why it is so important to get as many quotes as possible. It’s impossible to know the company that will provide you with the cheapest Chevy Corvette insurance rates.

Lots of discounts mean lots of savings

Auto insurance companies do not list every discount very clearly, so we break down some of the more common and also the lesser-known savings tricks you should be using. If you’re not getting every credit available, you are paying more than you should be.

  • Sign Online – A handful of insurance companies give back up to $50 for buying a policy and signing up online.
  • Government Employees – Active or retired federal employment can earn a discount up to 10% for Corvette coverage with select insurance companies.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
  • Save with a New Car – Insuring a new car can save up to 30% due to better safety requirements for new cars.
  • Good Student Discount – Performing well in school can earn a discount of 20% or more. The discount lasts up to age 25.
  • Bundle and Save – If you have multiple policies with one company you may earn up to 20% off your total premium.
  • Senior Discount – Mature drivers may be able to get a discount up to 10% for Corvette coverage.
  • Resident Student – Any of your kids who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Discount for Life Insurance – Some companies give a break if you buy a life insurance policy as well.
  • Club Memberships – Affiliation with a qualifying organization is a good way to get lower rates on your policy for Corvette coverage.

Drivers should understand that most discounts do not apply the the whole policy. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, you won’t be that lucky.

Companies who might offer these money-saving discounts may include but are not limited to:

It’s a good idea to ask every prospective company which discounts they offer. Some discounts might not apply in every state.

Situations that might require an agent

When it comes to buying coverage for your personal vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For example, these questions might help in determining whether you will benefit from professional help.

  • What if I total my 1997 Chevy Corvette and owe more than it’s worth?
  • Am I covered if I hit my neighbor’s mailbox?
  • Do I have coverage when pulling a U-Haul trailer?
  • How much underlying liability do I need for an umbrella policy?
  • Are my friends covered when driving my car?
  • What should my uninsured motorist coverage limits be in my state?
  • How high should deductibles be on a 1997 Chevy Corvette?
  • Am I covered when driving someone else’s vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Auto insurance policy specifics

Knowing the specifics of your auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages available from auto insurance companies.

UM/UIM Coverage – Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chevy Corvette.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Comprehensive or Other Than Collision – This covers 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 coverage pays for things like damage from a tornado or hurricane, rock chips in glass, a tree branch falling on your vehicle and hail damage. The highest amount your auto insurance company will pay 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.

Collision – This coverage pays for damage to your Corvette from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like damaging your car on a curb, sideswiping another vehicle, crashing into a building, backing into a parked car and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Liability coverages – Liability coverage protects you from injuries or damage you cause to people or other property. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability can pay for claims such as structural damage, funeral expenses and court costs. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Medical costs insurance – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like surgery, pain medications, EMT expenses, rehabilitation expenses and prosthetic devices. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Smart shoppers get results

When trying to cut insurance costs, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced physical damage coverage and discovered at claim time they didn’t purchase enough coverage. The aim is to buy enough coverage for the lowest price.

Cheap 1997 Chevy Corvette insurance is attainable both online and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. Some insurance providers may not provide online price quotes and most of the time these small insurance companies sell through independent agents.

We covered some good ideas how to save on insurance. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers could even find that the lowest rates come from a company that doesn’t do a lot of advertising. Some small companies may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

Much more information about car insurance can be found at these links: