Cheaper 2010 Chevrolet Corvette Insurance Quotes

I can’t think of anyone who likes paying for insurance, in particular when their premiums are through the roof.

Big-name insurance companies like State Farm, Farmers Insurance, Geico and Allstate increase brand awareness with TV and radio ads and it can be hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.

It’s important to compare rates once or twice a year because prices are adjusted regularly by insurance companies. Just because you found the lowest price for Corvette coverage six months ago there may be better deals available now. Forget anything you know (or think you know) about insurance because you’re about to learn the tricks you need to know to buy cheaper insurance.

Comparison of Car Insurance

Comparing car insurance rates is a ton of work if you don’t understand the most efficient way to do it. You can spend your afternoon discussing policy coverages with local insurance agents in your area, or you can stay home and use the internet to get the quickest rates.

Many companies belong to a marketplace where prospective buyers submit their information once, and at least one company can provide price quotes based on the submitted data. This eliminates the need for quote requests to each individual car insurance company. To submit your quote information now, click here (opens in new window).

The one disadvantage to comparing rates this way is buyers cannot specifically choose which companies to get quotes from. If you would rather choose specific insurance companies to compare rates, we have assembled a list of car insurance companies in your area. Click here to view list.

Which method you use is up to you, but double check that you are using identical coverage limits and deductibles for each price quote. If you enter different values for each quote it will be very difficult to decipher which rate is best. Having just a slight variation in coverage limits can make a big difference in price. It’s important to know that comparing a large number of companies helps locate lower pricing.

Are you getting all your discounts?

Car insurance companies don’t necessarily list all their discounts in an easy-to-find place, so here is a list some of the best known as well as the least known savings tricks you should be using.

  • Distant Student – Children who attend school more than 100 miles from home and don’t have a car may qualify for this discount.
  • Passive Restraint Discount – Vehicles equipped with air bags can receive discounts up to 30%.
  • Life Insurance Discount – Some companies give a discount if you purchase a life insurance policy as well.
  • Early Switch Discount – Some companies give discounts for signing up before your current policy expires. It’s a savings of about 10%.
  • Good Student Discount – This discount can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.

It’s important to note that most discount credits are not given the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears adding up those discounts means a free policy, it just doesn’t work that way.

Companies who might offer some of the above discounts include:

Check with each company how you can save money. Savings may not apply everywhere.

Tailor your coverage to you

When buying proper insurance coverage, there really is no best way to insure your cars. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What discounts do I qualify for?
  • Does insurance cover damages from a DUI accident?
  • Can I rate high risk drivers on liability-only vehicles?
  • Am I covered when delivering products for my home-based business?
  • Am I covered if hit by an uninsured driver?
  • Is borrowed equipment or tools covered if stolen or damaged?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Impacting insurance rates for a Chevy Corvette

An important part of buying insurance is that you know the factors that help determine the price you pay for car insurance. When you know what positively or negatively determines base rates enables informed choices that may reward you with lower car insurance prices.

  • Discounts for multiple policies – Some insurers will give a discount to people who have multiple policies with them. It’s known as a multi-policy discount. Discounts can amount to five, ten or even twenty percent. Even with this discount, you still need to compare other company rates to make sure you are getting the best deal. Drivers may still find better rates by splitting coverages up.
  • Marriage brings a discount – Having a spouse actually saves money on your car insurance policy. Having a significant other translates into being more mature and responsible and it’s statistically proven that married couples file fewer claims.
  • No coverage gaps is important – Having an insurance coverage lapse will be a sure-fire way to trigger a rate increase. And not only will your rates increase, but being ticketed for driving with no insurance will get you a license revocation or jail time.You may then be required to submit proof of financial responsibility or a SR-22 with your state DMV.
  • How your age affects price – Older drivers tend to be more responsible, file fewer claims and receive fewer citations. Youthful drivers tend to be more careless behind the wheel and because of this, their car insurance rates are much higher.

Are you falling for claims of savings?

Insurance coverage providers like Allstate, Geico and Progressive consistently run television and radio advertisements. They all make an identical promise that you’ll save big if you change to their company. How does each company say the same thing?

All companies have a preferred profile for the driver they prefer to insure. A good example of a preferred risk could be between the ages of 40 and 55, has no tickets, and drives newer vehicles. A propective insured who fits that profile will qualify for the lowest rates and therefore will save when they switch companies.

Potential insureds who are not a match for this ideal profile will have to pay higher premiums and this can result in the driver buying from a lower-cost company. Company advertisements say “customers that switch” but not “drivers who get quotes” save that much. That’s why insurance companies can confidently advertise the savings. Because of the profiling, you need to get a wide range of price quotes. You cannot predict which insurance companies will give you the biggest savings on Chevy Corvette insurance.

Insurance coverage specifics

Learning about specific coverages of insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by insurance companies.

Comprehensive insurance

This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply 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, theft and falling objects. The highest amount your 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.

Collision coverage

Collision insurance 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 claims such as crashing into a building, driving through your garage door and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Liability car insurance

Liability insurance provides protection from injuries or damage you cause to other’s property or people. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability can pay for claims such as attorney fees, emergency aid, pain and suffering, loss of income and legal defense fees. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Coverage for medical expenses

Med pay and PIP coverage kick in for immediate expenses such as surgery, dental work and rehabilitation expenses. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Chevy Corvette.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

A penny saved is a penny earned

When you buy insurance online, it’s not a good idea to skimp on critical coverages to save a buck or two. There are a lot of situations where an accident victim reduced liability limits or collision coverage only to regret they didn’t have enough coverage. The ultimate goal is to buy enough coverage for the lowest price, not the least amount of coverage.

In this article, we presented many ways to lower your 2010 Chevy Corvette insurance rates. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. Drivers may discover the best prices are with the smaller companies. These smaller insurers may have significantly lower rates on certain market segments as compared to the big name companies such as Geico and State Farm.

Cost effective insurance is available from both online companies in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some insurance providers do not provide online quoting and most of the time these small insurance companies sell through independent agents.

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