View 2005 Chevrolet Corvette Car Insurance Cost

Finding lower rates for insurance is difficult for consumers new to shopping for insurance online. You have so many choices that it can quickly become a big hassle to find lower rates.

Smart consumers take time to get comparison quotes periodically because prices trend upward over time. If you had the lowest price on Corvette coverage a couple years back you can probably find a better price now. Block out anything you think you know about insurance because we’re going to demonstrate the tricks you need to know to buy cheaper insurance.

Save big with these discounts

Companies that sell car insurance don’t always advertise every discount in a way that’s easy to find, so we break down some of the best known and the harder-to-find insurance coverage savings.

  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% on Corvette coverage with select insurance companies.
  • Safety Course Discount – Completing a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can get savings up to 30%.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Save with a New Car – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Seat Belts Save – Drivers who require all occupants to wear their seat belts could save 15% off the personal injury premium cost.
  • Service Members Pay Less – Being on active duty in the military could be rewarded with lower premiums.

It’s important to understand that some of the credits will not apply the the whole policy. Most only cut specific coverage prices like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, insurance coverage companies aren’t that generous.

Insurance companies that may offer these discounts are:

Before buying, ask every prospective company which discounts they offer. Some discounts might not apply in every state.

Where Can I Get Cheap Car Insurance?

There are multiple methods to shop for 2005 Chevy Corvette car insurance, but some are more efficient than others. You could waste time discussing policy coverages with agents in your area, or you can utilize the internet to get pricing more quickly.

Many insurance companies participate in a marketplace where prospective buyers enter their coverage request one time, and every company can provide price quotes based on that information. This prevents consumers from doing quote requests for each company you want a rate for. To submit your quote information now, click here (opens in new window).

The one downside to doing it this way is that you can’t choose the insurers to get pricing from. So if you want to select from a list of companies to receive pricing from, we have a page of car insurance companies in your area. Click here for list of insurance companies.

Whichever way you use, compare exactly the same coverages and limits on every quote. If the quotes have differing limits it’s not possible to determine the best price for your Chevy Corvette. Quoting even small variations in limits can mean a large discrepancy in price. Just keep in mind that getting more free quotes will enable you to find better pricing.

But I don’t know anything about car insurance

When buying proper insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions can help discover if your situation would benefit from professional advice.

  • Does liability extend to a camper or trailer?
  • Am I covered when delivering products for my home-based business?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Are all vehicle passengers covered by medical payments coverage?
  • Should I bundle my homeowners policy with my auto?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • When can my company non-renew my policy?
  • At what point should I drop full coverage?
  • What are the financial responsibility laws in my state?
  • Am I covered if I crash into my own garage door?

If you don’t know the answers to these questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form.

Car insurance coverage considerations

Understanding the coverages of a car insurance policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection from other drivers when they 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 2005 Chevy Corvette.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Liability coverage – This coverage can cover damages or injuries you inflict on other’s property or people by causing an accident. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability insurance covers things such as medical services, bail bonds, legal defense fees and loss of income. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Medical expense coverage – Coverage for medical payments and/or PIP kick in for expenses for things like nursing services, hospital visits and EMT expenses. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays for damage to your Corvette resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as colliding with another moving vehicle, hitting a parking meter, rolling your car, crashing into a ditch and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hail damage, a broken windshield and fire damage. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

More quotes. Lower rates.

We’ve covered quite a bit of information on how to lower your 2005 Chevy Corvette insurance rates. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. Drivers may discover the lowest rates come from a small mutual company.

Lower-priced insurance is definitely available on the web and also from your neighborhood agents, and you need to comparison shop both to get a complete price analysis. There are still a few companies who may not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

People leave their current company for many reasons like being labeled a high risk driver, unfair underwriting practices, denial of a claim and even delays in paying claims. Whatever your reason, switching companies is easier than you think.

More detailed insurance coverage information is located in the articles below: