Compare 2011 Chevrolet Corvette Car Insurance Cost

Finding better insurance prices for a Chevy Corvette could be a painful process, but you can follow a few tricks to find lower rates.

There is a right way and a wrong way to buy insurance and we’ll show you the quickest way to get price quotes for a new or used Chevy and obtain the lowest price.

It is always a good idea to take a look at other company’s rates periodically because prices trend upward over time. Despite the fact that you may have had the lowest price on Corvette insurance a couple years back the chances are good that you can find a lower rate today. Starting right now, block out anything you think you know about insurance because you’re going to learn the tricks you need to know to remove unneeded coverages and save money.

Finding more affordable protection can be fairly easy. If you have a policy now or need new coverage, you can follow these tips to find better prices while maintaining coverages. Vehicle owners just need to know the most effective way to get comparison rates online.

Discounts can save BIG

Car insurance can cost a lot, but discounts can save money and there are some available to help bring down the price. Some trigger automatically at quote time, but some may not be applied and must be manually applied before being credited. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Drivers Education – Have your child take driver’s ed class if offered at their school.
  • Resident Student – Any of your kids who are attending college and don’t have a car may be able to be covered for less.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying monthly you can actually save on your bill.
  • New Car Discount – Insuring a new car can be considerably cheaper due to better safety requirements for new cars.
  • Senior Discount – Older drivers may be able to get reduced rates on Corvette insurance.
  • Air Bag Discount – Vehicles with factory air bags can qualify for discounts of up to 25% or more.
  • Federal Employees – Employees or retirees of the government could cut as much as 10% off on Corvette insurance with certain companies.
  • Sign Early and Save – Some insurance companies reward drivers for switching to them before your current policy expires. It can save you around 10%.
  • No Charge for an Accident – Some insurance companies allow you one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Life Insurance – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.

A little note about advertised discounts, some of the credits will not apply to the entire cost. Some only reduce the price of certain insurance coverages like comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will reduce your overall premium however.

For a list of companies offering auto insurance discounts, click here to view.

How to Buy Insurance Online

All major insurance companies quote prices for coverage on the web. The process is pretty painless as you just type in your coverage information into the quote form. After the form is submitted, the system sends out for reports for credit and driving violations and provides a quote based on many factors.

Quoting online streamlines rate comparisons, but the time required to go to many different websites and complete many quote forms can get tiresome after awhile. Unfortunately, it is important to do this if you are searching for the lowest possible prices on insurance.

The better way to compare rates

A less time-consuming method to locate the lowest prices uses one form that analyzes rates from multiple companies. This type of form saves time, eliminates form submissions, and makes quoting online a lot less work. As soon as the form is sent, it is rated and you are able to buy any one of the quotes that you receive.

If the quotes result in lower rates, you simply finish the application and purchase coverage. The entire process takes less than 15 minutes and can result in significant savings.

To fill out one form to compare multiple rates now, click here to open in a new tab and fill out the form. If you currently have coverage, we recommend that you enter the limits and deductibles identical to your current policy. This guarantees you will have comparison quotes based on similar coverages.

Chevy Corvette premiums are determined by many factors

It’s important that you understand some of the elements that help determine auto insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that will entitle you to better auto insurance rates.

  • A clean driving record saves money – Your driving citation history has a big impact on rates. Drivers with clean records get better rates compared to drivers with tickets. Just one ticket may increase your cost forty percent or more. Drivers who have flagrant citations such as hit and run, DWI or reckless driving convictions may need to file a SR-22 with their state motor vehicle department in order to keep their license.
  • Occupation reflects on rates – Did you know your occupation can influence how much you pay for auto insurance? Occupations such as lawyers, executives and dentists are shown to have the highest average rates attributed to stressful work requirements and long work days. Other professions such as actors, historians and homemakers pay the least on Corvette insurance.
  • Are you male or female? – Statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that men are WORSE drivers than women. Both sexes tend to get into accidents in similar percentages, but the males cause more damage. They also get more serious tickets like reckless driving and DUI. Young males are most likely to cause an accident and therefore have the most expensive auto insurance rates.
  • Lower miles equals lower premium – Driving more miles each year the higher your rate. The majority of insurers apply a rate based on how the vehicle is used. Cars used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Double check that your auto insurance coverage is showing the proper vehicle usage. If your policy improperly rates your Corvette can cost quite a bit.

Will just any policy work for me?

When it comes to choosing the right insurance coverage for your personal vehicles, there is no perfect coverage plan. Everyone’s situation is a little different.

For example, these questions might help in determining whether or not you will benefit from professional help.

  • Should I file a claim if it’s only slightly more than my deductible?
  • What discounts do I qualify for?
  • Should I waive the damage coverage when renting a car?
  • What is the ISO rating for a 2011 Chevy Corvette?
  • Can I afford to pay high deductible claims out of pocket?
  • Are all vehicle passengers covered by medical payments coverage?
  • What if I don’t agree with a claim settlement offer?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Auto insurance coverage considerations

Having a good grasp of auto insurance helps when choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be confusing and nobody wants to actually read their policy.

Liability coverage

This coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

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 values of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like bail bonds, loss of income, court costs and repair costs for stationary objects. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford.

Collision insurance

This coverage pays for damage to your Corvette from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as rolling your car, crashing into a ditch, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for short-term medical expenses like funeral costs, chiropractic care, rehabilitation expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other drivers 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.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive insurance

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like fire damage, theft, hitting a deer, rock chips in glass and damage from flooding. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Quote often and quote early

In this article, we presented many tips how you can reduce 2011 Chevy Corvette insurance prices online. It’s most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best prices are with the smaller companies.

Cheaper insurance can be purchased from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. Some insurance companies may not provide the ability to get a quote online and these smaller companies work with independent agents.

As you prepare to switch companies, never buy less coverage just to save a little money. There are too many instances where an insured cut liability coverage limits to discover at claim time that the small savings ended up costing them much more. The aim is to buy the best coverage you can find at the best price.

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