Save on 2004 Chevrolet Corvette Insurance Rates

I can’t think of anyone who looks forward to buying insurance, particularly when the cost is too high. There are many car insurance companies to pick from, and even though it’s nice to have multiple companies, having more car insurance companies makes it harder to find the lowest cost provider.

Finding the best rates is easy if you know what you’re doing. If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using these methods. Drivers only need an understanding of the most efficient way to shop online.

Comprehensive Auto Insurance Comparison

Getting a lower price on 2004 Chevy Corvette insurance doesn’t have to be difficult. Just take time comparing rate quotes provided by online insurance companies. This can be done in a couple of different ways.

The easiest and least time consuming way to get quotes for comparison is a comparison rater form click to view form in new window. This type of form saves time by eliminating a different quote for every auto insurance company. A single form will return price quotes from multiple low-cost companies.

A different way to find lower rates consists of going to each company’s website and fill out their own quote form. For examples sake, we’ll assume you want comparison quotes from Progressive, Allstate and Geico. To get rate quotes you would need to go to every website and enter your information, which is why most consumers use the first method.

For a list of links to companies insuring cars in your area, click here.

It’s up to you which method you use, but ensure you’re using identical coverage information on every quote. If each company quotes unequal deductibles or liability limits it will be very difficult to determine the lowest rate for your Chevy Corvette.

Don’t pay full price with these discounts

Car insurance companies don’t always advertise all available discounts very well, so here is a list both well-publicized and the more hidden auto insurance savings. If you don’t get every credit you qualify for, you are throwing money away.

Air Bag Discount – Cars that have air bags or automatic seat belts may earn rate discounts up to 30%.
No Charge for an Accident – A few companies permit an accident before raising your premiums if you are claim-free for a set time period.
Multiple Vehicles – Insuring multiple vehicles with the same company may reduce the rate for each vehicle.
Multi-policy Discount – When you have multiple policies with the same insurance company you may earn approximately 10% to 15%.
Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more on the medical payments or PIP coverage costs.

Drivers should understand that most credits do not apply to the entire policy premium. Some only apply to specific coverage prices like comprehensive or collision. So despite the fact that it appears all the discounts add up to a free policy, it doesn’t quite work that way.

For a list of providers with the best auto insurance discounts, click this link.

Your personal situation dictates your coverage

When buying adequate coverage, there is no “best” method to buy coverage. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that might help in determining whether you might need professional guidance.

Do I get a pro-rated refund if I cancel my policy early?
Can I rent a car in Mexico?
Do I have coverage if my license is suspended?
What are the best liability limits?
When can my company non-renew my policy?
Is my vehicle covered by my employer’s policy when using it for work?
Am I covered if hit by an uninsured driver?
How can I find cheaper teen driver insurance?
Who is covered by my policy?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.

Auto insurance coverage breakdown

Understanding the coverages of your auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be confusing and coverage can change by endorsement. Shown next are the normal coverages available from auto insurance companies.

Coverage for liability

This can cover injuries or damage you cause to a person or their property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for claims such as court costs, funeral expenses, loss of income, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, theft, damage from flooding and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision coverage

This pays for damage to your Corvette resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with a tree, crashing into a building and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also raise the deductible to save money on collision insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for prosthetic devices, nursing services and hospital visits. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your 2004 Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.