How Much Does 2015 Chevrolet Corvette Car Insurance Cost?

Searching for better car insurance rates for your Chevrolet Corvette? Finding low-cost car insurance on the web can be difficult for beginners to price shopping online. When there are so many online companies available, how can drivers possibly compare them all to find the best price?

These factors can influence Chevy Corvette insurance rates

An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for auto insurance. Knowing what impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

  • A clean driving record saves money – Careful drivers tend to pay less for car insurance compared to drivers with tickets. Just one citation can boost insurance rates by as much as thirty percent. Drivers who have flagrant citations such as reckless driving, hit and run or driving under the influence may need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to keep their license.
  • Drive a safer car and pay less – Vehicles with high crash test scores get lower rates. The safest vehicles reduce injuries and lower injury rates translates into savings for insurance companies passed on to you as lower rates. If your Chevy has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • One company can mean more discounts – Some insurers provide better rates to people who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, it’s still a good idea to compare rates to ensure the best deal. Drivers may still find a better deal by buying auto insurance from a different company.
  • Better credit means lower rates – Credit history is a large factor in calculating your auto insurance rates. If your credit history is not that good, you could be paying less to insure your 2015 Chevrolet Corvette by improving your rating. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.
  • Frequent auto insurance claims increase rates – Insurance companies provide discounts to people who do not rely on their insurance for small claims. If you frequently file small claims, you can definitely plan on higher rates. Car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Drive less and save money – The more you drive each year the higher your rates will be. Almost all companies charge to insure your cars based on how the vehicle is used. Autos that are left in the garage get more affordable rates than those used for commuting. If your policy improperly rates your Corvette may be wasting your money. Verify your auto insurance policy shows the correct driver usage.
  • Liability coverage protects you – Liability insurance is the coverage that protects you if ever you are found liable for personal injury or accident damage. Liability provides legal defense coverage which can cost thousands of dollars. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
  • Car features impact rates – Owning a car with a theft deterrent system can help lower your rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your car from being stolen.

Save big with these discounts

Car insurance can cost a lot, but discounts can save money and there are some available to help bring down the price. Some trigger automatically when you quote, but lesser-known reductions have to be specially asked for prior to receiving the credit.

  • Driver’s Ed – Have your child complete a driver education course if it’s offered in school.
  • Homeowners Pay Less – Owning a house may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Safe Drivers – Safe drivers may receive a discount up to 45% less for Corvette insurance than drivers with accident claims.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy qualifies for this discount.
  • Driver Safety – Completing a driver safety course can save you 5% or more depending on where you live.
  • One Accident Forgiven – A few companies will allow you to have one accident before hitting you with a surcharge so long as you haven’t had any claims for a certain period of time.
  • Military Discounts – Being deployed with a military unit may qualify for rate reductions.

It’s important to understand that most discounts do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like comp or med pay. Just because it seems like adding up those discounts means a free policy, it just doesn’t work that way. Any qualifying discounts will cut your overall premium however.

For a list of insurers with discount auto insurance rates, follow this link.

But I don’t know anything about car insurance

When choosing the right insurance coverage, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.

  • Can my teen drive my company car?
  • How do I file an SR-22 for a DUI in my state?
  • When do I need to add a new car to my policy?
  • Do I pay less if my vehicle is kept in my garage?
  • What is the ISO rating for a 2015 Chevy Corvette?
  • Can I afford to buy a different vehicle if my 2015 Chevy Corvette is totaled?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverage considerations

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

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Collision coverage

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like crashing into a ditch, hitting a parking meter, sideswiping another vehicle, colliding with a tree and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Medical expense insurance

Med pay and PIP coverage provide coverage for expenses for things like hospital visits, doctor visits, prosthetic devices and chiropractic care. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Liability

Liability coverage provides protection from damages or injuries you inflict on people or other property that is your fault. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 which means $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as legal defense fees, court costs, medical services and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but buy as much as you can afford.

Comprehensive (Other than Collision)

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hail damage, rock chips in glass, falling objects, a broken windshield and damage from getting keyed. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

What is YOUR best insurance company?

Drivers change insurance companies for a number of reasons such as questionable increases in premium, delays in paying claims, high rates after DUI convictions and even denial of a claim. Whatever your reason, switching insurance coverage companies is actually quite simple.

Cost effective 2015 Chevy Corvette insurance can be found both online in addition to many insurance agents, so you should compare both to get a complete price analysis. A few companies do not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.

We just showed you many ideas to shop for insurance online. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising.

Additional insurance coverage information can be found at these links: