Cheap 2013 Chevrolet Corvette Insurance Rates

Consumers have a choice when looking for the lowest priced Chevy Corvette insurance. They can either spend hours driving around to compare prices or use the internet to make rate comparisons.

There is a right way and a wrong way to compare insurance coverage rates so you’re going to learn the absolute fastest way to price shop coverage for a new or used Chevy and find the lowest price.

It’s a great practice to do rate comparisons every six months because prices are constantly changing. Just because you found the lowest price on Corvette insurance two years ago a different company probably has better rates today. So just forget all the misinformation about insurance coverage because it’s time to teach you the fastest way to find better rates and still maintain coverage.

Chevy Corvette rates influenced by many factors

It’s important that you understand the different types of things that go into determining the price you pay for car insurance. Knowing what influences your rates allows you to make educated decisions that may reward you with lower car insurance prices.

Listed below are some of the items companies use to determine rates.

  • Consolidate policies to earn discounts – The majority of car insurance companies will give a discount to insureds who consolidate policies with them in the form of a multi-policy discount. Even with this discount, it’s still a good idea to shop around to ensure the best deal. Consumers may find better rates by splitting coverages up.
  • Older drivers pay less – Mature drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel. Teen drivers have a tendency to get distracted easily in a vehicle and because of this, their car insurance rates are much higher.
  • Men pay higher rates – The statistics show that women are safer drivers than men. However, don’t assume that women are BETTER drivers than men. Men and women have accidents at about the same rate, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations such as DWI and reckless driving.
  • Little extras can really add up – There are many extra coverages you can purchase on your car insurance policy. Things like roadside assistance, better glass coverage and term life insurance are some examples. These coverages may sound good when you first buy your policy, but if they’re wasting money remove them from your policy.
  • Rate your vehicle for proper use – The higher the mileage driven in a year’s time the higher your rates will be. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Improper usage on your Corvette may be costing you. Ask your agent if your car insurance declarations sheet is showing the correct usage for each vehicle, because it can save money.

Comprehensive Auto Insurance Comparison

Most major insurance companies such as Progressive, Geico, Allstate and State Farm allow you to get prices directly from their websites. The process is pretty painless as you just enter the coverage amounts you desire as detailed in the form. Once entered, the system orders your driving record and credit report and quotes a price based on these factors.

This streamlines rate comparisons, but having to visit a lot of sites and type in the same information is repetitive and time-consuming. But it’s absolutely necessary to perform this step in order to get better auto insurance pricing.

A quicker way to get multiple rate quotes utilizes a single form to return rates from many companies. The form is fast, eliminates form submissions, and makes online price comparison much easier. After sending your information, your coverage is rated and you can choose any of the price quotes you receive.

If the quotes result in lower rates, you simply finish the application and buy the policy. It takes just a few minutes to complete and you will know how your current rates stack up.

To quickly find out how much you’re overpaying now, click here to open in new window and submit your coverage information. If you currently have coverage, we recommend you input the coverage information identical to your current policy. Doing this assures you are getting a rate comparison for exact coverage.

You probably qualify for some discounts

Insuring your vehicles can cost a lot, but there could be available discounts that many people don’t even know exist. Some discounts apply automatically when you get a quote, but some must be manually applied prior to getting the savings. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • Paperwork-free – A few companies may give you up to $50 for buying your policy on their website.
  • Club Memberships – Participating in certain professional organizations may earn a discount on insurance coverage on Corvette insurance.
  • Passive Restraints – Factory air bags or automatic seat belts can qualify for discounts of up to 25% or more.
  • Low Mileage Discounts – Low mileage vehicles can earn better rates on cars that stay parked.
  • Homeowners Discount – Being a homeowner may trigger a insurance coverage policy discount due to the fact that maintaining a home is proof that your finances are in order.
  • Federal Government Employee – Active or retired federal employment could cut as much as 10% off on Corvette insurance with certain companies.
  • No Charge for an Accident – Some insurance companies will allow you to have one accident before your rates go up as long as you don’t have any claims for a particular time prior to the accident.
  • Accident Free – Drivers who don’t have accidents pay much less when compared to frequent claim filers.
  • Good Student – This discount can save 20 to 25%. The discount lasts well after school through age 25.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance coverage policy may reduce the rate for each vehicle.

It’s important to understand that many deductions do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, you won’t be that lucky. Any amount of discount will reduce your overall premium however.

A partial list of companies who might offer some of the above discounts may include but are not limited to:

Double check with all companies you are considering which discounts you may be entitled to. Discounts may not be available in your state.

There’s no such thing as the perfect policy

When buying adequate coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.

These are some specific questions may help highlight if your insurance needs could use an agent’s help.

  • How do I insure my teen driver?
  • Does insurance cover tools stolen from my truck?
  • What is covered by UM/UIM coverage?
  • What are the best liability limits?
  • Is business equipment covered while in my vehicle?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Where can I find DUI or SR-22 insurance?

If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.

Specific coverage details

Knowing the specifics of insurance aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2013 Chevy Corvette.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Coverage for liability

Liability coverage provides protection from damage or injury you incur to a person or their property by causing an accident. This coverage protects you from claims by other people. 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 policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like pain and suffering, funeral expenses, court costs, medical services and medical expenses. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.

Auto collision coverage

This pays for damage to your Corvette caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like sustaining damage from a pot hole, damaging your car on a curb, driving through your garage door, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like EMT expenses, prosthetic devices and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Comprehensive coverage

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, hitting a bird and damage from a tornado or hurricane. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

In Summary

We just showed you many ways to get a better price on 2013 Chevy Corvette insurance. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Consumers may even find the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising.

Affordable insurance is attainable online as well as from independent agents, and you need to price shop both so you have a total pricing picture. Some insurance providers don’t offer online quoting and these small insurance companies work with independent agents.

As you go through the steps to switch your coverage, never buy less coverage just to save a little money. In many instances, an insured dropped physical damage coverage only to find out that the small savings ended up costing them much more. The proper strategy is to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

Additional resources