Compare 2015 Chevrolet Corvette Insurance Quotes

I really doubt anyone likes having to buy car insurance, especially knowing the cost is too high.

Companies like Allstate, Progressive and GEICO promote their brand names with fancy advertisements and it can be hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

It’s important to compare premium rates before your policy renews because car insurance prices are variable and change quite frequently. Even if you think you had the best deal for Corvette coverage a few years ago you can probably find a lower rate today. Forget all the misinformation about car insurance because I’m going to let you in on the secrets to the right way to find the best coverage while lowering your premiums.

How to buy car insurance online

When shopping for inexpensive auto insurance quotes, there are a couple of ways to obtain and compare prices from different insurance companies. The easiest way to find the cheapest 2015 Chevy Corvette insurance rates consists of obtaining rate quotes online. This is quite simple and can be completed in several different ways.

  1. If you don’t have a lot of time, the easiest way to get the best comparison quotes is a comparison rater form click here to open form in new window. This quick form keeps you from doing separate forms for each company. One quote request gets insurance cost estimates from several companies.
  2. A more time consuming way to compare prices requires a visit to the website for every company you want to comare and go through the quote process again. For examples sake, we’ll assume you want comparison quotes from Liberty Mutual, GEICO and Travelers. To do that, you would have to navigate to each company’s site and enter your information, which is why most consumers use the first method. For a list of companies in your area, click here.

It’s up to you how you get prices quotes, just make sure you use nearly identical coverages and limits with every price quote. If the quotes have higher or lower deductibles it will be very difficult to decipher which rate is best. Just a small difference in insurance coverages or limits may result in a large different in cost. Just remember that getting more free quotes will enable you to find a lower rate.

The ad said I’d save $446 a year!

Well-known car insurance companies like Progressive, Allstate and GEICO constantly bombard you with ads on TV and radio. All the ads advertise the message of big savings after switching to them. That’s great but how can every company charge less that you’re paying now? Just pay attention to how they say it.

Most companies have specific characteristics for the type of customer that will not have excessive claims. One example of a desirable insured may need to be a mature driver, has no tickets, and drives less than 10,000 miles a year. Any customer who fits those characteristics will get low auto insurance rates and have a good chance to save a lot if they switch.

Potential customers who do not match these standards will be quoted a more expensive rate which results in the customer buying from a different company. The wording the ads use say “people who switch” but not “everyone who gets a quote” save money. That’s the way insurance companies can make those statements.

Each company has different criteria, so you really should compare free auto insurance quotes often. It is just not possible to predict which company will have the best auto insurance rates at this point in time.

Seven things that determine your insurance prices

Multiple criteria are considered when premium rates are determined. A few of the factors are predictable like a motor vehicle report, but others are not quite as obvious like your continuous coverage or your financial responsibility.

  • Is your vehicle theft-ready? – Choosing to buy a car with anti-theft technology or alarm system can get you a discount on your insurance coverage. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent car theft and help bring rates down.
  • Better premiums on cars with good safety ratings – Cars with five star safety ratings tend to have better insurance rates. Safe vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means your insurance company pays less which can mean better rates for you.
  • Multiple policies with one company can save – The majority of companies give better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. Even if you already get this discount, drivers will still want to check prices from other companies to make sure you are getting the best deal. Drivers may still save even more than the discount by buying insurance coverage from a different company.
  • Gender and auto insurance premiums – Over time, data shows women tend to be less risk to insure than men. It does not mean men are WORSE drivers than women. They both cause at-fault accidents in similar numbers, but the males get into accidents with more damage. In addition to higher claims, males also have more aggressive citations like DWI (DUI) or reckless driving. Youthful male drivers are most likely to cause an accident and therefore have the most expensive insurance coverage rates.
  • Avoid unnecessary incidental coverages – Policies have add-on coverages that you can buy but may not be useful. Insurance for things like personal injury protection, better glass coverage, and additional equipment coverage may not be needed and are just wasting money. These may sound like a good investment when deciding what coverages you need, but if you’ve never needed them in the past think about removing them and cutting costs.
  • Annual mileage and car insurance prices – The more miles you rack up on your Chevy every year the higher the price you pay to insure it. Most insurance companies charge to insure your cars based upon how you use the vehicle. Cars and trucks that do not get driven very much qualify for better rates than those used for commuting. Having the wrong rating on your Corvette is just wasting money. It’s a smart idea to ensure your declarations sheet correctly shows the correct driver usage, because improper ratings can cost you money.
  • Excellent credit equals lower rates – Having a bad credit rating is a large factor in determining premium rates. Drivers with very good credit scores tend to be less risk to insure as compared to drivers with poor credit scores. Therefore, if your credit score leaves room for improvement, you could save money insuring your 2015 Chevrolet Corvette by taking the time to improve your credit score.

Discounts can really help lower premiums

Not too many consumers would say insurance is affordable, but there are discounts available that you may not know about. Most are applied when you quote, but less common discounts must be manually applied before they will apply. If you are not receiving all the discounts available, you could be saving more on your insurance.

  • Discounts for Government Workers – Active or retired federal employment may reduce rates when you quote auto insurance for Corvette coverage depending on your company.
  • Early Signing – Some companies reward drivers for renewing your policy prior to your current policy expiration. It could save around 10% when you buy auto insurance online.
  • Homeowners Pay Less – Simply owning a home can save a few bucks since home ownership is proof that your finances are in order.
  • Seat Belts Save – Drivers who require all vehicle occupants to buckle their seat belts can save up to 15% on medical payment and PIP coverage.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive so you can save 10 percent or more.
  • Full Payment Discount – If you pay your bill all at once rather than paying monthly you could save 5% or more.
  • Multiple Policy Discount – When you have multiple policies and insure them with the same company you could earn a discount of 10% to 20% off each policy.
  • Service Members Pay Less – Being deployed with a military unit could trigger a small discount.
  • Professional Organizations – Joining specific professional or occupational memberships or organizations could earn you a nice discount on your policy.
  • Paperwork-free – A handful of insurance companies will give a small break for completing your application on the web.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Some only apply to individual premiums such as liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, insurance companies aren’t that generous.

Some of the insurance companies that may have these discounts possibly include:

If you are trying to find cheap auto insurance quotes, ask each company or agent to apply every possible discount. Some discounts might not apply in your state.

Will just any policy work for me?

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Every situation is different so your insurance needs to address that. Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.

  • Is a blown tire covered by insurance?
  • Is my teenager covered with friends in the car?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered if I hit my neighbor’s mailbox?
  • What exactly is covered by my policy?
  • Does insurance cover tools stolen from my truck?
  • Are my friends covered when driving my car?
  • What is UM/UIM insurance?
  • Where can I get insurance after a DUI in my state?
  • I have health insurance so do I need medical payments coverage?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance coverage companies in your area.

Insurance coverage options for a Chevy Corvette

Knowing the specifics of insurance can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages found on most insurance policies.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like a broken windshield, vandalism and hail damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto collision coverage

Collision insurance 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 then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like colliding with a tree, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for nursing services, rehabilitation expenses, hospital visits, funeral costs and ambulance fees. The coverages can be used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Coverage for liability

Liability coverage protects you from injuries or damage you cause to a person or their property that is your fault. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical expenses, loss of income, legal defense fees and structural damage. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

More quotes. Lower rates.

When buying insurance coverage, don’t be tempted to buy poor coverage just to save money. There are too many instances where someone dropped uninsured motorist or liability limits only to regret at claim time they didn’t purchase enough coverage. Your focus should be to buy enough coverage at the best cost, but don’t skip important coverages to save money.

We’ve covered a lot of tips how to compare 2015 Chevy Corvette insurance prices online. It’s most important to understand that the more you quote auto insurance, the better likelihood of getting inexpensive auto insurance. Consumers could even find that the lowest prices are with some of the smallest insurance companies. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive and GEICO.

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