1997 Chevrolet Corvette Car Insurance Cost – 7 Discounts for Cheapest Prices

Consumers have options when looking for low-cost Chevy Corvette insurance. You can either spend your time driving around trying to get quotes or leverage the internet to find the lowest rates.

There are both good and bad ways to find auto insurance online so you’re going to learn the absolute fastest way to quote coverages for your Chevy and get the lowest possible price either online or from local insurance agents.

It’s important to do price comparisons before your policy renews since insurance prices are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest quotes for Corvette insurance on your last policy a different company probably has better rates today. Block out anything you think you know about auto insurance because you’re about to learn the fastest way to save on auto insurance.

Affordable auto insurance

Reducing your 1997 Chevy Corvette insurance rates isn’t really that difficult. Drivers just need to spend a few minutes comparing rates to discover which company has inexpensive insurance quotes. It is quite easy and can be accomplished by following the guidelines below.

The single most time-saving way to find the lowest comparison rates is an all-inclusive rate comparison (click to open form in new window). This method prevents you from having to do repetitive form submissions for every auto insurance company. Filling out one form will get you price quotes from auto insurance companies with the best prices. Just one form and you’re done.

A more difficult way to find lower rates requires visiting each company’s website and fill out their own quote form. For examples sake, let’s assume you want comparison quotes from Auto-Owners, Safeco and GMAC. To do that, you would have to visit each site and type in your information over and over, which can get rather old. For a list of links to companies insuring cars in your area, click here.

The last way to do your price quoting is driving around to insurance agencies in your area. The ability to buy insurance online makes this process obsolete unless you require the professional guidance that only a licensed agent can provide. Some companies do allow you to compare the best prices online but have a local agent actually write the policy.

You can choose any of those ways to find more affodable coverage, but make sure you compare the same quote information for each quote you get. If the quotes have different deductibles it will be very difficult to decipher which rate is best.

Use discounts to get cheaper insurance rates

Some providers do not list all possible discounts very well, so the list below gives a summary of some of the best known and also the lesser-known ways to save on insurance.

  • Distant College Student Discount – Children who are enrolled in higher education away from home and don’t have a car may be able to be covered for less.
  • Homeowners Pay Less – Just being a homeowner can save a few bucks because owning a home shows financial diligence.
  • No Charge for an Accident – This isn’t a discount exactly, but some companies like Libery Mutual, GEICO and Allstate allow you one accident before raising your premiums as long as you don’t have any claims before the accident.
  • Accident Free – Drivers with accident-free driving histories pay less in comparison with frequent claim filers.
  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices help deter theft and can earn a small discount on your policy.
  • Mature Driver Discount – Drivers that qualify as senior citizens can get a slight reduction on a insurance quote for Corvette insurance.
  • Data Collection Discounts – Drivers that enable companies to analyze where and when they drive through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if they are good drivers.

A quick disclaimer, most credits do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though you would think you could get a free insurance policy, you’re out of luck. But any discount will positively reduce the cost of your policy.

Large insurance companies and some of their more popular discounts are detailed below.

  • The Hartford offers discounts including defensive driver, air bag, vehicle fuel type, good student, bundle, and anti-theft.
  • American Family may include discounts for early bird, defensive driver, air bags, good driver, and TimeAway discount.
  • Progressive includes discounts for good student, continuous coverage, multi-policy, homeowner, and online signing.
  • Travelers has savings for IntelliDrive, save driver, multi-policy, home ownership, and continuous insurance.
  • Farmers Insurance offers premium reductions for electronic funds transfer, pay in full, early shopping, switch companies, distant student, teen driver, and good student.
  • USAA may have discounts that include vehicle storage, multi-policy, new vehicle, military installation, safe driver, driver training, and loyalty savings.
  • Liberty Mutual policyholders can earn discounts including multi-policy, newly married, teen driver discount, good student, and new move discount.

Check with each company or agent how many discounts you can get. Depending on the company, some discounts might not apply in your area. If you would like to view companies with discount rates, follow this link.

Tailor your insurance coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is unique.

For example, these questions may help highlight whether you would benefit from professional advice.

  • When should I remove comp and collision on my 1997 Chevy Corvette?
  • Will my insurance pay for OEM parts?
  • Can I still get insurance after a DUI?
  • Are there companies who specialize in insuring high-risk drivers?
  • Am I covered when driving someone else’s vehicle?
  • Should I sign the liability waiver when renting a car?
  • Is my Chevy Corvette covered if I use it for business?
  • Am I covered if my car is in a flood?
  • How much can I save by bundling my policies?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It’s fast, free and can provide invaluable advice.

Coverages available on your car insurance policy

Understanding the coverages of car insurance helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and also any damage incurred to your 1997 Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability – Liability coverage protects you from damage that occurs to other’s property or people. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things like bail bonds, structural damage, loss of income and funeral expenses. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like hospital visits, ambulance fees, prosthetic devices, X-ray expenses and EMT expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Collision coverages – This will pay to fix damage to your Corvette from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as driving through your garage door, damaging your car on a curb, crashing into a building and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from getting keyed, a tree branch falling on your vehicle, hitting a bird and vandalism. The most your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Affordable insurance is out there

We just presented a lot of ways to get a better price on 1997 Chevy Corvette insurance. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding the cheapest insurance. You may be surprised to find that the best price on insurance coverage is with an unexpected company.

Cost effective 1997 Chevy Corvette insurance is available both online as well as from insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. There are still a few companies who may not offer rates over the internet and many times these regional carriers work with independent agents.

As you go through the steps to switch your coverage, it’s a bad idea to sacrifice coverage to reduce premiums. Too many times, an insured dropped comprehensive coverage or liability limits to discover at claim time they didn’t have enough coverage. Your aim should be to buy the best coverage you can find for the lowest cost.

More information is located at the links below