Save on 1991 Chevrolet Corvette Insurance Rates

Searching for lower-cost insurance coverage over the internet might appear rather difficult for drivers that are relatively new to comparing rates and buying insurance coverage on the internet. Because there are so many companies competing online, how can anyone have a chance to compare each option to find the best price?

This article will instruct you on how car insurance quotes work. If you are paying for car insurance now, you should be able to cut costs considerably using this strategy. Although car owners need to have an understanding of how companies price insurance differently and take advantage of how the system works.

Lower your insurance costs

The best way to find cheaper insurance is to take a look at some of the things that are used to determine the rates you pay for insurance. If you have some idea of what determines premiums, this enables you to make decisions that could result in better insurance rates.

  • Liability coverage – The liability coverage on your policy is the protection if ever you are found to be at fault for causing personal injury or damage in an accident. Liability provides legal defense up to the limits shown on your policy. It is affordable coverage compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Cheaper premiums for prior coverage – Having an insurance coverage lapse will be a guaranteed way to increase your renewal premiums. In addition to paying higher premiums, being ticketed for driving with no insurance may result in fines or a revoked license.
  • Do females or males drive better? – Over time, data shows that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are worse drivers. They both are responsible for at-fault accidents in similar percentages, but the male of the species have costlier accidents. Men also get higher numbers of serious violations like reckless driving and DUI. Youthful male drivers have the highest risk to insure and thus pay the highest rates.
  • Increase coverage deductibles and save – Physical damage insurance, also called ‘full coverage’, helps pay for damage to your vehicle. Some coverage claims are a broken windshield, hitting a deer, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles define the amount you are required to spend out-of-pocket if you file a covered claim. The more expense you choose to pay out-of-pocket, the bigger discount you will receive on Corvette coverage.
  • Is you vocation costing you more? – Jobs such as military personnelair traffic controllers and emergency personnel tend to have higher premium rates due to high stress levels and long work days. On the flip side, careers such as farmers, engineers and the unemployed have lower than average premiums on Corvette coverage.

Shop auto insurance online

To get cheaper insurance quotes, there a variety of ways to compare quotes from many auto insurance companies in your state. The best way to find competitive 1991 Chevy Corvette insurance rates is to perform an online rate comparison. This is very easy and can be done in just a few minutes using one of these methods.

  • The best way to get quotes for comparison is a comparison rater form (click to open form in new window). This easy form prevents you from having to do separate forms for each price estimate. Completing one form gets rate comparisons from multiple low-cost companies. It’s definitely the quickest method.
  • A less efficient way to find better pricing is going to each company website and fill out their own quote form. For example, let’s assume you want to compare rates from Progressive, Safeco and Farmers. You would need to visit each site and punch in your information repeatedly, which can take a lot of time. For a list of links to companies insuring cars in your area, click here.

Compare rates however you want, just make sure you are using apples-to-apples quote data for each quote you get. If you are comparing higher or lower deductibles it’s not possible to determine which rate is truly the best. Having just a slight variation in insurance coverages can make a big difference in price. Just keep in mind that comparing more company’s prices will enable you to find the best rates.

Insurance coverage rates and discounts

Some providers don’t always publicize every discount very clearly, so the list below contains a few of the more well known and also the more inconspicuous discounts that may be available. If you’re not getting every credit available, you’re just leaving money on the table.

  • Air Bags and Passive Restraints – Factory air bags or automatic seat belts may qualify for discounts of 20 to 30 percent.
  • Memberships – Being in certain professional organizations is a good way to get lower rates on insurance coverage.
  • Paperwork-free – Certain larger companies will provide an incentive just for signing your application over the internet.
  • Discount for Multiple Policies – If you combine your auto and homeowners policies and place coverage with the same company you will save as much as 10 to 15 percent.
  • Mature Driver Discount – Drivers that qualify as senior citizens may receive reduced rates on Corvette coverage.
  • Good Grades Discount – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts until age 25.
  • More Vehicles More Savings – Buying a policy with all your vehicles on one policy can reduce rates for all insured vehicles.
  • First Accident Forgiveness – Not a discount per se, but companies like GEICO, State Farm, and Progressive will forgive one accident before they charge you more for coverage if you are claim-free before the accident.
  • Multi-line Discount – Insurance carriers who offer life insurance give a discounted price on car insurance if you buy some life insurance too.
  • Defensive Driving Course – Participating in a driver safety class is a good idea and can lower rates and easily recoup the cost of the course.

It’s important to note that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like comprehensive or collision. Even though the math looks like adding up those discounts means a free policy, companies wouldn’t make money that way.

If you would like to see a list of insurance companies that offer multiple discounts, click here to view.

Situations that may require an agent’s advice

When buying proper insurance coverage for your vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs.

These are some specific questions may help you determine whether you might need an agent’s assistance.

  • Does liability extend to a camper or trailer?
  • Exactly who is provided coverage by my policy?
  • Do I have coverage if my license is suspended?
  • How do I insure my teen driver?
  • Is my teen driver covered when they drive my company car?
  • Do I need higher collision deductibles?
  • Am I missing any policy discounts?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Auto insurance coverage basics

Knowing the specifics of your auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive coverage – This pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from a tornado or hurricane, falling objects, hitting a bird, rock chips in glass and theft. The most your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for liability – Liability coverage will cover injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things like repair bills for other people’s vehicles, medical expenses, loss of income and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Collision – This pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as damaging your car on a curb, hitting a mailbox and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage – This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Chevy Corvette.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for short-term medical expenses for prosthetic devices, dental work, nursing services and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

More comparisons equals lower rates

Drivers change insurance companies for many reasons like high prices, denial of a claim, poor customer service or even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a new insurance coverage company can be easier than you think.

We covered many ideas to reduce 1991 Chevy Corvette insurance prices online. It’s most important to understand that the more providers you compare, the higher your chance of finding cheap insurance. You may even find the best price on insurance coverage is with a small mutual company.

When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. In many instances, someone sacrificed liability limits or collision coverage and discovered at claim time they didn’t purchase enough coverage. The goal is to buy the best coverage you can find for the lowest price and still be able to protect your assets.

More detailed insurance coverage information can be read at these sites: