Cheap 1996 Chevrolet Corvette Insurance Rates

Searching for the cheapest insurance for your Chevy Corvette can turn out to be an all-consuming task, but you can follow our insurance coverage buying tips and make it easy. There is a right way and a wrong way to compare insurance coverage rates so we’re going to tell you the absolute fastest way to price shop coverage for your Chevy and find the best price possible.

It’s smart to check insurance coverage prices yearly because insurance rates change quite often. Even if you think you had the best rates on Corvette insurance a couple years back other companies may now be cheaper. There is too much inaccurate information about insurance coverage on the internet, so I’m going to show you some great ideas on how to put money back in your pocket.

If you have insurance now or need new coverage, you can use these tips to shop for the lowest rates while maintaining coverages. Shopping for more affordable auto insurance coverage can be fairly easy. Drivers just need to know the tricks to shop for auto insurance on the web.

Do you qualify for a discount?

Auto insurance companies don’t necessarily list every available discount in a way that’s easy to find, so here is a list some of the best known as well as the least known discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Low Mileage – Keeping the miles down on your Chevy could qualify for discounted rates on garaged vehicles.
  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you may earn at least 10% off all policies.
  • New Vehicle Savings – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
  • Student Driver Training – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates on Corvette insurance than their less cautious counterparts.
  • Life Insurance – Some companies give lower rates if you buy life insurance from them.
  • Accident Free – Good drivers with no accidents pay much less as compared to drivers who are more careless.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.

Drivers should understand that some credits don’t apply to your bottom line cost. Some only reduce specific coverage prices like liability, collision or medical payments. Just because you may think you would end up receiving a 100% discount, it just doesn’t work that way.

For a list of companies offering car insurance discounts, click here.

Why your Chevy Corvette insurance rates may be high

An important part of buying insurance is that you know some of the elements that help determine your car insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that can help you get much lower annual insurance costs.

  • High deductibles save money – Physical damage deductibles define the amount you are required to spend out-of-pocket in the event of a claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims could be running into the backend of another car, vandalism, and burglary. The higher the amount you’re willing to pay, the less your company will charge you for insurance on Corvette insurance.
  • Never go without insurance – Driving your car without having proper coverage is a misdemeanor and as a result your rates will increase for letting your insurance expire. Not only will rates go up, getting caught without coverage can result in a steep fine or even jail time.
  • Rates may be higher depending on your occupation – Occupations such as real estate brokers, executives and dentists tend to have the highest average rates in part from high stress levels and lengthy work days. Other jobs such as pilots, historians and the unemployed receive lower rates on Corvette insurance.
  • Careful drivers pay lower rates – Whether or not you get tickets has a lot to do with how much you pay for insurance. Careful drivers get better rates than people who have multiple driving citations. Only having one moving violation can boost insurance rates by twenty percent. Drivers with severe tickets such as reckless driving, hit and run or driving under the influence are required to file a SR-22 with their state motor vehicle department in order to drive a vehicle legally.
  • Pay less after the wedding – Being married helps lower the price when buying car insurance. It usually means you are more mature than a single person and it’s statistically proven that married drivers get in fewer accidents.
  • Males pay more for insurance – Statistics show that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Men and women cause accidents in similar numbers, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations like DUI and reckless driving.

What coverages do I need?

When buying the right insurance coverage, there is no single plan that fits everyone. Each situation is unique.

Here are some questions about coverages that can help discover if you would benefit from an agent’s advice.

  • Does my policy cover me when driving someone else’s vehicle?
  • Am I covered when driving on a suspended license?
  • Is motorclub coverage worth it?
  • Is my camper covered by my car insurance policy?
  • What should my uninsured motorist coverage limits be in my state?
  • Where can I get insurance after a DUI in my state?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and can help protect your family.

Information about specific coverages

Learning about specific coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement.

Collision protection

Collision coverage pays for damage to your Corvette from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as driving through your garage door, sideswiping another vehicle, colliding with a tree and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Liability car insurance

This will cover damages or injuries you inflict on people or other property in an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for things such as legal defense fees, court costs and loss of income. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Comprehensive coverage

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like theft, damage from flooding and a broken windshield. The highest amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chevy Corvette.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses such as nursing services, surgery, funeral costs and ambulance fees. The coverages can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage

At the end of the day…

Low-cost 1996 Chevy Corvette insurance is attainable both online in addition to many insurance agents, and you should be comparing both to have the best selection. Some insurance coverage companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents.

When shopping online for insurance coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced full coverage to discover at claim time they didn’t have enough coverage. Your aim should be to find the BEST coverage at an affordable rate.

Insureds who switch companies do it for many reasons like being labeled a high risk driver, policy non-renewal, an unsatisfactory settlement offer and even poor customer service. Whatever your reason, switching insurance coverage companies can be pretty painless.

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