2011 Chevrolet Corvette Car Insurance Cost – 6 Savings Tips

If you’re looking for lower-cost insurance online, do you get overwhelmed by the crazy number of insurance coverage companies? Consumers have such a vast assortment of companies available that it can easily become more work than you anticipated to find the lowest price.

Shopping for more affordable car insurance coverage is not that difficult. In a nutshell, everyone who has to buy car insurance will more than likely be able to lower their premiums. Nevertheless, drivers need to have an understanding of the way insurance companies price insurance differently because it can help you find the best coverage.

The best way to compare rate quotes is to know the trick most of the larger companies provide online access to compare rate quotes. The only thing you need to do is give them some information such as coverage limits, if you require a SR-22, whether you have decent credit, and the year, make and model of vehicles. The rating information is then sent to multiple companies and they return rate quotes quickly.

To start a quote now, click here then complete the form.

Is there truth in advertising?

Companies like State Farm, Allstate and GEICO seem to constantly run television, radio, and online ads. They all seem to tend to make the same promise that drivers can save some big amount if you move your coverage to them. How is it plausible that every one can have lower policy pricing?

Most companies require specific criteria for the type of insured that will be a good risk. An example of a driver they prefer might be described as over the age of 50, has a clean driving record, and drives less than 10,000 miles a year. Any new insured that matches those criteria will qualify for the lowest premium rates and as a result will probably save if they switch.

Potential customers who are not a match for the “perfect” profile will be charged a higher rate and business going elsewhere. The trick is to say “drivers that switch” not “everyone who quotes” save that kind of money. This is how companies can state the savings.

This really drives home the point why you need to do a rate comparison at every renewal. It is just not possible to predict with any certainty which company will provide the lowest prices.

Take these six policy discounts and save

Companies offering auto insurance don’t always publicize all available discounts very well, so the following list contains a few of the more common and the harder-to-find credits available to bring down your rates.

  • Employee of Federal Government – Active or former government employment can earn a discount up to 10% on Corvette insurance with some insurance companies.
  • Safety Course Discount – Taking time to complete a class that teaches driver safety techniques could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Sign Online – A handful of insurance companies will discount your bill up to fifty bucks for signing up online.
  • Multiple Cars – Drivers who insure multiple cars on the same insurance policy can get a discount on all vehicles.
  • Student in College – Kids living away from home attending college and won’t have access to an insured vehicle can receive lower rates.
  • Telematics Data – Drivers who elect to allow their insurance company to spy on driving patterns by using a telematics device in their vehicle like Allstate’s Drivewise could possibly reduce rates as long as the data is positive.

We need to note that most credits do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like comp or med pay. Even though it appears you could get a free insurance policy, it’s just not the way it works.

A few popular companies and the discounts they provide can be read below.

  • State Farm offers discounts including good driver, student away at school, multiple policy, anti-theft, accident-free, driver’s education, and Steer Clear safe driver discount.
  • Liberty Mutual may offer discounts for teen driver discount, newly retired, hybrid vehicle, safety features, new vehicle discount, and exclusive group savings.
  • American Family includes discounts for mySafetyValet, good student, accident-free, Steer into Savings, good driver, early bird, and TimeAway discount.
  • Progressive may include discounts for continuous coverage, online signing, online quote discount, multi-vehicle, homeowner, good student, and multi-policy.
  • Farmers Insurance has discounts for electronic funds transfer, good student, business and professional, youthful driver, and switch companies.
  • Auto-Owners Insurance policyholders can earn discounts including anti-lock brakes, student away at school, teen driver, paid in full, and multi-policy.
  • SAFECO has savings for safe driver, teen safety rewards, homeowner, anti-lock brakes, bundle discounts, teen safe driver, and drive less.

Double check with all the companies which discounts they offer. A few discounts may not be available in your state.

Which policy gives me the best coverage?

When it comes to choosing adequate coverage, there is no best way to insure your cars. Everyone’s situation is unique.

Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.

  • Can I afford low physical damage deductibles?
  • What vehicles should carry emergency assistance coverage?
  • Can my teen driver be rated on a liability-only vehicle?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • What if I total my 2011 Chevy Corvette and owe more than it’s worth?
  • Why am I be forced to buy a membership to get insurance from some companies?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, take a second and complete this form.

Insurance coverage specifics

Knowing the specifics of insurance aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.


This coverage can cover damage or injury you incur to other’s property or people in an accident. 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 commonly see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability can pay for things like loss of income, pain and suffering, repair bills for other people’s vehicles and funeral expenses. How much coverage you buy is up to you, but buy as high a limit as you can afford.

Comprehensive protection

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, hitting a deer, fire damage, theft and damage from a tornado or hurricane. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision protection

Collision coverage pays for damage to your Corvette resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for things like hitting a mailbox, sideswiping another vehicle, crashing into a ditch and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Medical expense coverage

Med pay and PIP coverage pay for expenses like hospital visits, dental work, funeral costs and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Don’t throw your cash in the trash

While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced full coverage only to discover later they didn’t purchase enough coverage. The goal is to purchase plenty of coverage at the best cost, but do not skimp to save money.

Budget-conscious 2011 Chevy Corvette insurance can be sourced online in addition to local insurance agencies, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who may not provide online rate quotes and these regional insurance providers prefer to sell through local independent agents.

In this article, we presented a lot of tips how to get a better price on 2011 Chevy Corvette insurance. The key thing to remember is the more price quotes you have, the better your chances of lowering your prices. You may even find the most savings is with a small local company.

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