Cheaper 2013 Chevrolet Corvette Insurance Rates

Drivers have many options when trying to find the best price on Chevy Corvette insurance. You can either spend your time contacting agents to get rate comparisons or utilize the internet to get rate quotes. There is a right way and a wrong way to find insurance online and you need to know the quickest way to quote coverages for a Chevy and obtain the lowest possible price.

If you have a current insurance coverage policy or are looking for a new policy, you will benefit by learning to get lower rates and possibly find even better coverage. This article will teach you how to effectively get price quotes. Vehicle owners only need to know the proper methods to compare prices online.

Do you qualify for discounts?

Companies do not advertise all their discounts very clearly, so we researched both the well known as well as the least known savings tricks you should be using. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Good Student – This discount can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Payment Method – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Club Memberships – Belonging to a qualifying organization could trigger savings on your policy for Corvette coverage.
  • Paperwork-free – A few companies will give a small break for buying your policy digitally online.
  • Early Switch Discount – Select companies give a discount for switching policies before your current policy expires. It’s a savings of about 10%.

Keep in mind that many deductions do not apply to the entire cost. Most only apply to specific coverage prices like comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, you’re out of luck.

For a list of providers with the best insurance discounts, click here to view.

Comparison of Car Insurance

Cutting your car insurance rates is a fairly straight forward process. You just need to invest a few minutes to compare quotes online from several insurance companies. This can be done in several different ways.

  1. One of the best ways to compare a lot of rates at once is a comparison rater form like this one (opens in new window). This form keeps you from doing repetitive form submissions for each company. Filling out one form will get you rate comparisons from multiple low-cost companies. This is by far the quickest method.
  2. A less efficient way to analyze rates is to take the time to go to each company’s website and complete a new quote form. For example, we’ll pretend you want comparison quotes from Auto-Owners, GEICO and State Farm. You would have to visit each site to input your insurance information, which is why the first method is quicker.

    To view a list of companies in your area, click here.

It doesn’t matter which method you choose, just ensure you are comparing identical quote information on every quote you get. If you have different deductibles you will not be able to find the best deal for your Chevy Corvette.

Why your Chevy Corvette might be costing you more

Consumers need to have an understanding of the factors that play a part in calculating auto insurance rates. Knowing what influences your rates helps enable you to make changes that may reward you with much lower annual insurance costs.

Shown below are a partial list of the pieces that factor into rates.

  • Teen drivers pay high rates – Older drivers are more cautious drivers, file fewer claims and receive fewer citations. Young drivers have a tendency to be more careless behind the wheel and because of this, their auto insurance rates are much higher.
  • Extra add-on coverages are wasting money – There are a lot of additional coverages you can purchase on your auto insurance policy. Coverages for vanishing deductibles, better glass coverage and additional equipment coverage may be costing you every month. These coverages may sound good when you first buy your policy, but now you might not need them so eliminate them to save money.
  • More than one policy can earn a discount – Some insurance companies will award you with lower prices to customers who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, you still need to compare other company rates to make sure you are getting the best deal. Drivers may still find a better deal by buying insurance from more than one company.
  • More miles equals more premium – Driving more miles in a year the higher your rate. Most companies apply a rate based on their usage. Cars left parked in the garage receive lower rates compared to those used for work or business. Make sure your auto insurance coverage shows the proper vehicle usage, because improper ratings can cost you money. If your policy improperly rates your Corvette can cost quite a bit.
  • Lower deductibles cost more – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket in the event of a claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some examples of claims that would be covered are colliding with a building, damage from fire, and windstorm damage. The more money the insured has to pay upfront, the less your auto insurance will be for Corvette coverage.
  • Your auto insurance rates can be influenced by your job – Jobs such as lawyers, social workers and stock brokers have the highest rates attributed to high stress levels and lots of time spent at work. On the other hand, professions such as actors, students and retirees get better rates for Corvette coverage.
  • Being married can save on auto insurance – Having a wife or husband helps lower the price on your policy. It means you’re more responsible and it’s proven that married drivers get in fewer accidents.
  • Higher safety ratings means cheaper insurance – Cars with high safety ratings get lower rates. Safe vehicles protect occupants better and better occupant protection means lower claim amounts and more competitive rates for policyholders. If your Chevy Corvette scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.

Don’t assume everyone needs the same coverage

When it comes to buying the right insurance coverage, there is no best way to insure your cars. Each situation is unique.

For instance, these questions may help you determine if your situation would benefit from professional advice.

  • Does coverage extend to my business vehicle?
  • Can I drive in Mexico and have coverage?
  • Is my nanny covered when driving my vehicle?
  • If my 2013 Chevy Corvette is totaled, can I afford another vehicle?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What are the best liability limits?
  • Are all vehicle passengers covered by medical payments coverage?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, complete this form. It’s fast, free and may give you better protection.

Car insurance policy specifics

Understanding the coverages of your policy helps when choosing the right coverages and the correct deductibles and limits. Car insurance terms can be confusing and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Chevy Corvette.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for expenses like rehabilitation expenses, X-ray expenses and funeral costs. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, damage from flooding, a broken windshield and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability insurance

This can cover damage or injury you incur to a person or their property by causing an accident. This insurance protects YOU against other people’s claims. Liability 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 might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims like structural damage, emergency aid, repair costs for stationary objects and medical expenses. How much coverage you buy is your choice, but buy as large an amount as possible.

Collision protection

This coverage pays for damage to your Corvette caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things such as scraping a guard rail, sustaining damage from a pot hole and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Find Good Coverage for Less

Discount 2013 Chevy Corvette insurance can be found on the web in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. Some companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents.

Insureds who switch companies do it for many reasons like high rates after DUI convictions, lack of trust in their agent, questionable increases in premium or extreme rates for teen drivers. It doesn’t matter what your reason, finding a new company is actually quite simple.

While you’re price shopping online, never buy poor coverage just to save money. Too many times, an accident victim reduced full coverage only to regret at claim time that it was a big error on their part. Your strategy should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.

Additional information can be found at these links: