How Much Does 2017 Chevrolet Corvette Insurance Cost?

Are you drained from scraping the payment together to keep your car insured? You are in the same boat as many other drivers.

Due to the abundance of online and local companies to choose from, it’s nearly impossible to locate the right insurance company.

This information will let you in on the best way to quote coverages. If you are paying for car insurance now, you should be able to reduce your rates substantially using this information. But car owners need to learn how insurance companies sell online and take advantage of how the system works.

How to get free insurance quotes online

To get cheap insurance quotes, there a variety of ways to get quotes from different companies. The simplest method to compare rates consists of shopping online. This is very easy and can be done in a couple minutes as outlined below.

  1. Experts agree that the best way consumers can make multiple comparisons is a comparison rater form click to view form in new window. This easy form eliminates the need for separate quotes for every company. A single, simple form will return quotes direct from many companies.
  2. A different way to find more affordable insurance requires you to visit the website for every company you want to comare and go through the quote process again. For examples sake, we’ll pretend you want to compare prices for Geico, Progressive and Farmers. You would need to spend time on each company’s site and repeatedly enter your information, which is not fast way to get rate quotes. To view a list of companies in your area, click here.

It’s up to you how you get prices quotes, just make sure you are using the exact same quote information for each comparison quote. If you enter unequal deductibles or liability limits it will be nearly impossible to determine the lowest rate for your Chevy Corvette. Slightly different coverage limits can mean a large discrepancy in price. And when quoting insurance, remember that comparing a wide range of rates increases the change that you will find more affordable insurance.

Take advantage of every insurance coverage discount

Insuring your fleet can be pricey, but you can get discounts that many people don’t even know exist. Certain credits will be shown at quote time, but once in a while a discount must be specially asked for before being credited.

  • Good Students Pay Less – Maintaining excellent grades can earn a discount of 20% or more. You can use this discount normally until age 25.
  • Payment Method – By paying your policy upfront as opposed to paying monthly you can actually save on your bill.
  • Military Discounts – Having an actively deployed family member may qualify for rate reductions.
  • Life Insurance Discount – Some insurance carriers give a small discount if you purchase a life insurance policy as well.
  • Theft Deterent Discount – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and qualify for as much as a 10% discount.
  • Employee of Federal Government – Active or retired federal employment could cut as much as 10% off for Corvette insurance with a few insurance coverage companies.
  • Distant Student Discount – Older children who live away from home at college without a vehicle on campus may be insured at a cheaper rate.
  • Waiver for an Accident – This isn’t a discount exactly, but companies like Allstate, State Farm and Geico will allow you to have one accident before your rates go up so long as you are claim-free for a specific time period.

A little note about advertised discounts, some credits don’t apply the the whole policy. Some only reduce specific coverage prices like comp or med pay. If you do the math and it seems like you can get free auto insurance, company stockholders wouldn’t be very happy.

Car insurance companies that may include most of the discounts above include:

Before purchasing a policy, check with every insurance company which discounts you qualify for. A few discounts may not be available in your area. To view insurers who offer insurance coverage discounts, click here to view.

How to know if you need help

When buying the best insurance coverage, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions can help discover whether or not you could use an agent’s help.

  • Can I rate high risk drivers on liability-only vehicles?
  • How much liability insurance is required?
  • Why am I required to buy liability insurance?
  • Will filing a claim cost me more?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Does my policy cover me when driving someone else’s vehicle?
  • What is the rate difference between pleasure use and commuting?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.

Chevy Corvette insurance rate factors

It’s important that you understand the rating factors that aid in calculating your car insurance rates. When you know what positively or negatively determines base rates, this enables you to make decisions that can help you get lower car insurance prices.

  • Younger drivers pay more – Mature drivers are more responsible, tend to file fewer claims and tend to be get fewer driving tickets.Drivers with little experience are proven to be inattentive and easily distracted when driving so car insurance rates are higher.
  • Women tend to take less risk – Statistics have proven that females tend to be a little less risky than males. Now that doesn’t mean women are better drivers. Both genders are responsible for at-fault accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Not only that, but men also get higher numbers of serious violations like driving under the influence (DUI).
  • Increase coverage deductibles and save – Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Chevy. Examples of some claims that would be covered are colliding with a building, vandalism, and burglary. Comp and collision deductibles represent how much money you are willing to pay out-of-pocket if a covered claim is submitted. The higher the amount you have to pay, the bigger discount you will receive for Corvette insurance.
  • Lower premiums with continuous car insurance coverage – Not having insurance is not a good idea and you may have a hard time finding new coverage because you let your insurance lapse. Not only will you pay more, being ticketed for driving with no insurance may result in fines and jail time.
  • Compare rates if you combine your policies – Most major car insurance companies allow lower prices to customers who have multiple policies with them in the form of a multi-policy discount. The discount can add up to five, ten or even twenty percent. Even with this discount, you may still want to compare rates to help guarantee you have the best rates. You may still save money by buying insurance from more than one company.
  • Being married is a good thing – Your spouse can actually save you money compared to being single. It demonstrates that you tend to be more mature than a single person and statistics prove married drivers tend to file fewer claims.

What car insurance coverages do you need?

Understanding the coverages of a car insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages offered by car insurance companies.

Medical costs insurance

Med pay and PIP coverage pay for immediate expenses like surgery, doctor visits, hospital visits, funeral costs and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as hitting a deer, falling objects, damage from a tornado or hurricane and hail damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability insurance

This will cover damage or injury you incur to other’s property or people. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability insurance covers things such as court costs, repair bills for other people’s vehicles and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying higher limits if possible.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants 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. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these coverages do not exceed the liability coverage limits.

Auto collision coverage

This coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as hitting a mailbox, scraping a guard rail, driving through your garage door and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.

Best coverage at the best price

Affordable 2017 Chevy Corvette insurance is possible both online and also from your neighborhood agents, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who do not provide price quotes online and many times these regional carriers only sell through independent insurance agents.

In this article, we presented some good ideas how you can save on 2017 Chevy Corvette insurance. The most important thing to understand is the more you quote insurance, the more likely it is that you will get a better rate. You may even find the lowest car insurance rates come from a company that doesn’t do a lot of advertising. Smaller companies often have lower premium rates on specific markets than their larger competitors like State Farm, Geico and Nationwide.

As you quote insurance, it’s a bad idea to reduce needed coverages to save money. In many cases, drivers have reduced uninsured motorist or liability limits and found out when filing a claim that they should have had better coverage. Your goal should be to purchase plenty of coverage at the best price while still protecting your assets.

Additional insurance coverage information is located at the links below