2008 Chevrolet Corvette Car Insurance Cost – 10 Tricks for Best Prices

Purchasing the most affordable auto insurance on the web is intimidating for beginners to buying insurance on the web. With so many choices of insurers to choose from, how can drivers effectively compare the different rates to find the best price?

How to Compare Insurance Coverage

To find the best insurance coverage prices, there are several ways to compare quotes and find the best price. By far the easiest way to find competitive 2008 Chevy Corvette insurance rates involves getting comparison quotes online. This can be done in just a few minutes using one of these methods.

The first (and easiest) way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This method prevents you from having to do separate quotes to each individual insurance coverage company. One quote request gets you price quotes instantly.It’s the quickest way to get rates.

A less efficient way to find lower rates is to take the time to go to the website of each company to request a price quote. For example, let’s say you want comparison quotes from State Farm, Allstate and GMAC. To get each rate you have to take the time to go to each site and enter your information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

The hardest method to compare rates is driving around to different agent offices. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the personal advice only provided by licensed agents. It is possible to obtain prices from the web and get advice from an agent in your area.

Whichever method you choose, compare identical coverage limits for every quote you compare. If you compare different liability limits you can’t possibly make a fair comparison for your Chevy Corvette. Just a small difference in insurance coverages can make a big difference in price. Just keep in mind that quoting more provides better odds of finding the best offered rates.

Tailor your coverage to you

When buying adequate coverage, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might help in determining whether your personal situation would benefit from professional advice.

Do I need motorclub coverage?
Does my car insurance cover rental cars?
When should I remove comp and collision on my 2008 Chevy Corvette?
What is roadside assistance coverage?
Do all my vehicles need collision coverage?
What is the difference between comprehensive and collision coverage?
Is business equipment covered while in my vehicle?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Auto insurance policy specifics

Understanding the coverages of auto insurance aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Chevy Corvette.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Normally these limits do not exceed the liability coverage limits.

Comprehensive insurance

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, rock chips in glass, damage from getting keyed and falling objects. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as ambulance fees, dental work, surgery, pain medications and EMT expenses. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverage

This protects you from injuries or damage you cause to people or other property that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims such as attorney fees, medical expenses, funeral expenses and pain and suffering. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Auto collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like damaging your car on a curb, crashing into a ditch and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.