Consumers have lots of choices when looking for the lowest priced Chevy Corvette insurance. They can either spend hours struggling with agents getting price quotes or save time using the internet to make rate comparisons. There is a better way to compare car insurance rates so you’re going to learn the best way to compare rates for a new or used Chevy and locate the lowest price from local insurance agents and online providers.
It’s a good habit to check car insurance prices occasionally due to the fact that insurance rates tend to go up over time. Just because you found the best rates for Corvette coverage a year ago you can probably find a lower rate today. Block out anything you think you know about car insurance because we’re going to demonstrate how to use the internet to buy cheaper car insurance.
Finding Car Insurance
Getting a cheaper price on Chevy Corvette insurance isn’t really that difficult. The only requirement is to spend a few minutes on the computer comparing rate quotes provided by online insurance companies. It is quite easy and can be accomplished using a couple different methods.
The easiest and least time consuming way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This type of form eliminates the need for separate quotes to each individual car insurance company. A single form gets rate comparisons from multiple low-cost companies. This is perfect if you don’t have a lot of time.
A slightly less efficient method to get comparison quotes is going to each individual company website and fill out their own quote form. For instance, let’s assume you want to compare USAA, Farmers and American Family. To find out each rate you need to spend time on each company’s site to enter your coverage information, which is why the first method is more popular.
For a handy list of car insurance company links in your area, click here.
The hardest way of comparing rate quotes is driving to local insurance agencies. Buying insurance online makes this process obsolete unless you prefer the trained guidance of a local agent. It is possible to price shop your coverage online and get advice from an agent in your area and we’ll touch on that later.
It doesn’t matter which method you choose, just double check that you are using exactly the same coverage limits and deductibles on every quote. If your comparisons have different values for each quote it’s not possible to determine the best price for your Chevy Corvette.
Be sure to get all your discounts
Companies offering auto insurance don’t necessarily list every discount very well, so we break down both well-publicized as well as the least known car insurance savings. If you don’t get every credit you qualify for, you’re just leaving money on the table.
- Paperwork-free – A few companies will give a small break simply for signing digitally online.
- Club Memberships – Being a member of a civic or occupational organization could qualify you for a break on your policy for Corvette coverage.
- Drive Less and Save – Driving fewer miles could be rewarded with discounted rates on garaged vehicles.
- Discount for Good Grades – Getting good grades can get you a discount of up to 25%. This discount can apply up until you turn 25.
- 55 and Retired – If you’re over the age of 55, you may be able to get reduced rates for Corvette coverage.
- Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
- Safe Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates for Corvette coverage than drivers with accident claims.
- Accident Forgiveness – Certain companies allow you one accident before hitting you with a surcharge if your claims history is clear for a set time period.
- Life Insurance – Some companies give better rates if you take out a life insurance policy as well.
- Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you could save up to 5%.
It’s important to understand that many deductions do not apply to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, you’re out of luck.
To see a list of insurance companies with discount car insurance rates, click here.
Chevy Corvette rates are made up of many parts
Smart consumers have a good feel for some of the elements that go into determining the price you pay for car insurance. Knowing what influences your rates helps enable you to make changes that will entitle you to lower car insurance prices.
Listed below are some of the factors that factor into prices.
- Don’t get talked into coverage you don’t need – There are many extra bells and whistles that you can get tricked into buying on your Corvette policy. Coverages for personal injury protection, accidental death and term life insurance may be wasting your money. These may sound like a good investment at first, but if they’re wasting money eliminate them to save money.
- Choose a safe vehicle and save – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles reduce injuries and fewer injuries translates into fewer and smaller insurance claims and lower rates for you. If your Chevy Corvette earned at least four stars on Safercar.gov it may be receiving lower rates.
- Traffic violations increase rates – Whether or not you get tickets impacts your car insurance rates tremendously. Only having one speeding ticket may increase your cost by as much as thirty percent. Drivers with clean records tend to pay less for car insurance compared to drivers with tickets. Drivers with flagrant tickets such as hit and run, DWI or reckless driving convictions are required to file a SR-22 with the DMV in their state in order to keep their license.
- Allowing your policy to lapse raises rates – Driving without insurance is illegal and your next policy will cost more because you let your coverage lapse. Not only will rates go up, but not being able to provide proof of insurance may earn you a license revocation or jail time.You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
Car Insurance through a local agent
Some people prefer to visit with an insurance agent and that is just fine! Good agents can point out coverage gaps and help file insurance claims. The best thing about getting online price quotes is that you can obtain the best rates and still choose a local agent.
Upon completion of this quick form, your information is submitted to insurance agents who will return price quotes for your coverage. You don’t have to drive around since price quotes are sent to the email address you provide. How’s that for easy!
Choosing a company needs to be determined by more than just the price. Here are some questions to ask:
- Do the companies they represent have a solid financial rating?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- How long have they worked with personal auto insurance coverage?
- Is their price quote a firm figure or are their hidden costs?
Not all auto insurance agents are the same
When researching an insurance agent, there are two types of insurance agents that you can select. Agents are classified as either captive or independent (non-captive). While both can properly insure your vehicles, but it’s important to know the difference between them since it may influence buying decisions.
Agency Captives
This type of agents can only write with one company and some examples include State Farm, Allstate and AAA. They usually cannot provide prices from multiple companies so it’s a take it or leave it situation. Captives are very knowledgeable on their company’s products and that can be a competitive advantage. Consumers sometimes choose to use a captive agent primarily because of the prominence of the brand and strong financial ratings.
Independent Agents
Independent agents do not work for one specific company so they have the ability to put coverage amongst many companies enabling the ability to shop coverage around. If you are not satisfied with one company, the business is moved internally and that require little work on your part.
When comparing rates, it’s recommended you include price quotes from at least one independent agent to get the best comparison.Many can place coverage with smaller regional carriers which can save you money.
For a complete listing of insurance agencies, visit this site.
Upon getting satisfactory answers to your questions and an affordable coverage quote, most likely you have located an insurance agency that meets your needs to properly service your car insurance policy.
When should I use an insurance agent?
When buying proper insurance coverage, there really is not a best way to insure your cars. Every situation is different.
For instance, these questions may help highlight whether you might need an agent’s assistance.
- Why am I required to get a high-risk car insurance policy?
- Does my insurance cover my expensive audio equipment?
- Will my rates increase for filing one claim?
- What is covered by UM/UIM coverage?
- Do I have coverage when making deliveries for my home business?
- Is my teen driver covered when they drive my company car?
If you can’t answer 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, take a second and complete this form. It is quick, free and can provide invaluable advice.
Misconceptions in car insurance advertisements
Consumers can’t ignore all the ads that promise big savings from companies such as State Farm, Allstate and GEICO. All the ads make an identical promise of big savings after switching your policy.
How does each company make the same claim? It’s all in the numbers.
Different companies have a preferred profile for the type of customer they prefer to insure. For example, a preferred risk could possibly be a mature driver, is a homeowner, and has a high credit rating. A driver who meets those qualifications will get very good rates and as a result will probably save quite a bit of money when switching.
Consumers who do not match these standards will be quoted higher rates which usually ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “people who quote” save that kind of money. That is how insurance companies can advertise the savings. This emphasizes why it’s extremely important to get quotes from several different companies. It’s not possible to predict the company that will provide you with the cheapest rates.
A little work can save a LOT of money
When buying insurance coverage, it’s very important that you do not buy less coverage just to save a little money. There are many occasions where someone dropped collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at the best price while still protecting your assets.
Drivers leave their current company for a variety of reasons including policy cancellation, delays in paying claims, extreme rates for teen drivers and even lack of trust in their agent. No matter why you want to switch, finding the right car insurance provider is actually quite simple.
The cheapest Chevy Corvette insurance can be bought online and also from your neighborhood agents, so compare prices from both to have the best rate selection. Some insurance companies may not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.
