Cheaper 1993 Chevrolet Corvette Insurance Rates

Searching for better insurance rates for your Chevrolet Corvette? Shopping for affordable insurance online can be somewhat difficult for drivers new to online price comparisons. Since there are so many online companies available, how can drivers even start to compare all the different companies and get cheaper insurance rates?

Drivers save money with with these discounts

Car insurance companies don’t always advertise every policy discount in a way that’s easy to find, so we took the time to find a few of the more well known and also the more inconspicuous ways to save on insurance.

• Claim-Free Discount – Drivers with accident-free driving histories can save substantially compared to drivers who are more careless.
• Club Memberships – Joining qualifying employment or professional organizations could earn you a nice discount on your next renewal.
• Discount for Good Grades – A discount for being a good student can save 20 to 25%. The discount lasts up until you turn 25.
• Telematics Data Discounts – Drivers that enable their insurance company to analyze their driving habits by using a telematics device such as State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
• Homeowners Discount – Just owning your own home can get you a discount since owning and maintaining a home shows financial diligence.
• Discounts for Federal Employees – Active or retired federal employment can save as much as 8% on Corvette coverage with some insurance companies.
• One Accident Forgiven – Not a discount per se, but companies like Progressive, State Farm and Geico permit an accident before your rates go up as long as you don’t have any claims for a certain period of time.
• Renewal Discounts – A few insurance companies allow discounts for switching policies prior to your current policy expiration. It’s a savings of about 10%.

You should keep in mind that some credits don’t apply to the entire policy premium. Most only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

Some of the larger companies that may offer quotes with some of the discounts shown above possibly include:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• Geico

Check with each company which credits you are entitled to. Savings may not apply to policyholders in every state. To see a list of insurers who offer discounts, follow this link.

How to compare insurance rate quotes

To find low cost rates, there are a couple of ways of comparing price quotes from many insurance companies in your state. The easiest way by far to find the lowest 1993 Chevy Corvette rates is to perform an online rate comparison. This is quite simple and can be completed in a couple of different ways.

1. The easiest and least time consuming way consumers can analyze rates would be an industry-wide quote request form like this one (opens in new window). This style of form keeps you from doing separate forms for each company you want a rate for. A single form will get you rate comparisons from all major companies. It’s definitely the quickest method.
2. A slightly less efficient method to get quotes online consists of going to the website of each company and fill out their own quote form. For examples sake, let’s say you need rates from State Farm, Liberty Mutual and Farmers. To get rate quotes you would need to go to every website and repeatedly enter your information, and that explains why we recommend the first method. To view a list of companies in your area, click here.
3. The least efficient and most time consuming method to comparison shop rate quotes is going to insurance agents’ offices. The ability to get quotes online has reduced the need for local agents unless you have a need for the professional abilities that you can only get from talking to an agent. Some companies do allow you to compare the best prices online but have a local agent actually write the policy.

The approach you take is up to you, just try to keep exactly the same quote data on every quote. If the quotes have different values for each quote you can’t possibly decipher which rate is best. Just a small difference in coverage limits could mean much higher rates. Keep in mind that comparing more rates from different companies will enable you to find better pricing.

Your situation helps dictate your coverage

When it comes to choosing coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different.

Here are some questions about coverages that could help you determine whether your personal situation will benefit from professional help.

• Are rental cars covered under my policy?
• Does insurance cover tools stolen from my truck?
• Does having multiple vehicles earn me a discount?
• Is my babysitter covered when using my vehicle?
• What is the rate difference between pleasure use and commuting?
• Do I benefit by insuring my home with the same company?

If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form.

Auto insurance coverages

Learning about specific coverages of insurance can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

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

Collision coverage protects against things like hitting a parking meter, sideswiping another vehicle, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Liability auto insurance – This can cover damage that occurs to people or other property in an accident. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like bail bonds, medical services and legal defense fees. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Medical costs insurance – Coverage for medical payments and/or PIP kick in for short-term medical expenses such as EMT expenses, ambulance fees and surgery. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive or Other Than Collision – This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like rock chips in glass, theft and damage from a tornado or hurricane. The most your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Smart shoppers get results

Affordable 1993 Chevy Corvette insurance is attainable on the web in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. There are still a few companies who may not provide rates over the internet and many times these regional insurance providers only sell coverage through independent agencies.

Consumers leave their current company for a variety of reasons including denial of a claim, questionable increases in premium, poor customer service or even high prices. No matter why you want to switch, finding the right auto insurance provider can be less work than you think.

When trying to cut insurance costs, don’t be tempted to buy poor coverage just to save money. In many cases, an insured cut full coverage only to discover later that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at the lowest possible cost, but do not sacrifice coverage to save money.

Additional detailed information can be read in these articles:

• A Tree Fell on Your Car: Now What? (Allstate)
• Parking Tips to Reduce Door Dings (State Farm)
• Tread Depth and Tire Safety (State Farm)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Determing Auto Insurance Rates (Geico)