1993 Chevrolet Corvette Car Insurance Quotes

Car owners who are new to comparing car insurance rates online might discover purchasing the cheapest insurance coverage can be quite challenging.

If you currently have car insurance, you should be able to lower your premiums substantially using this information. The purpose of this article is to instruct you on the most effective way to quote insurance and some money-saving tips. Nevertheless, car owners need to have an understanding of how big insurance companies market on the web.

Finding insurance coverage

When looking for the cheapest insurance coverage quotes, there are a couple ways to get quotes from all the different companies. The recommended way to find competitive 1993 Chevy Corvette insurance rates is to use the internet to compare rates. This is quite simple and can be completed in a couple minutes as outlined below.

The simplest way to get the best comparison quotes would be an industry-wide quote request form like this one (opens in new window). This form eliminates the need for repetitive form entry for every prospective company. One quote request gets rate comparisons from all major companies. This is by far the quickest method.

A different way to get comparison quotes is going to the website of each company and complete a new quote form. For example, we’ll pretend you want to get rates from Auto-Owners, Liberty Mutual and GEICO. In order to get each rate, you would have to go to each individual site to enter your coverage information, which can be really labor intensive. To view a list of companies in your area, click here.

The method you choose is up to you, but make darn sure you compare apples-to-apples coverage data on every price quote you get. If your comparisons have differing limits it will be nearly impossible to make a fair comparison for your Chevy Corvette. Even a minor difference in insurance coverages or limits could throw off the whole comparison. It’s important to know that obtaining a wide range of quotes increases your odds of finding better pricing. Not every company does prices over the internet, so you need to compare price estimates from the smaller companies as well.

Lower-cost insurance rates with discounts

Companies offering auto insurance do not list the complete list of policy discounts in an easy-to-find place, so the following is a list of a few of the more well known as well as the least known ways to save on insurance. If you check and find you aren’t receiving every discount possible, you are throwing money away.

  • Discount for Multiple Policies – When you have multiple policies with the same company you may earn nearly 15% which can help you find inexpensive insurance coverage.
  • College Student Discount – Older children who are enrolled in a college that is more than 100 miles from home and do not take a car to college may be insured at a cheaper rate.
  • Discount for Swiching Early – Some insurance companies reward drivers for buying a new policy prior to the expiration date on your current policy. It could save around 10% when you buy insurance coverage online.
  • Discount for Life Insurance – Select insurance companies reward you with a discounted insurance rate on car insurance if you buy life insurance from them.
  • New Car Discount – Buying a new car instead of a used car is cheaper due to better safety requirements for new vehicles.
  • Theft Prevention Discount – Cars optioned with advanced anti-theft systems are stolen with less frequency and that can save you a little bit as well.
  • E-sign Discounts – A few larger companies will give a small break simply for signing on the internet.

As a disclaimer on discounts, some credits don’t apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Just because it seems like you can get free auto insurance, company stockholders wouldn’t be very happy.

Large insurance companies and some of their more popular discounts can be read below.

  • Travelers offers discounts including save driver, home ownership, IntelliDrive, continuous insurance, and student away at school.
  • 21st Century has savings for theft prevention, anti-lock brakes, early bird, driver training, homeowners, and student driver.
  • State Farm may have discounts that include multiple autos, anti-theft, defensive driving training, good student, and accident-free.
  • GEICO discounts include five-year accident-free, anti-theft, multi-policy, military active duty, seat belt use, and federal employee.
  • SAFECO includes discounts for teen safe driver, multi-car, anti-lock brakes, anti-theft, and accident prevention training.
  • AAA may include discounts for good driver, pay-in-full, anti-theft, AAA membership discount, and multi-policy.

If you need cheaper insurance coverage quotes, ask each insurance company how you can save money. Some of the discounts discussed earlier might not apply in every state. If you would like to choose from a list of companies that offer some of these discounts, click here to view.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage for your vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out if your situation might need an agent’s assistance.

  • Is my babysitter covered when using my vehicle?
  • Should I buy full coverage?
  • Does having multiple vehicles earn me a discount?
  • What can I do if my company denied a claim?
  • Should I drop comprehensive coverage on older vehicles?
  • Why do I need rental car insurance?
  • Is business property covered if stolen from my car?

If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, take a second and complete this form.

Buy cheaper insurance with these tips

It’s important that you understand the factors that are used to determine insurance rates. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that may result in better insurance rates.

Shown below are just a few of the factors insurance companies consider when setting your rates.

  • Safer occupants lowers rates – Vehicles with good safety scores can get you lower premiums. Safer cars reduce injuries and fewer serious injuries translates into savings for insurance companies which can result in lower premiums.
  • Liability insurance claims can be big – Liability coverage provides coverage if a jury decides you are liable for causing personal injury or damage in an accident. It will provide you with a defense in court which can cost thousands of dollars. It is affordable coverage compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Older drivers are lower risk – More mature drivers are viewed as being more responsible, tend to cause fewer accidents , and are generally more financially stable.Youthful drivers are statistically proven to get distracted easily with other occupants in the car and because of this, their insurance rates are much higher.
  • Too many claims drive up prices – If you are the type of insured that files lots of claims you can definitely plan on higher rates. Insurance companies give cheaper rates to people that do not abuse their auto insurance. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.

Do drivers who switch really save?

Car insurance providers like State Farm, GEICO and Progressive endlessly run television, radio, and online ads. All the ads try to convey promises that you’ll save big just by switching to them. How is it possible that every company can cost less than your current company?

Insurance companies have a certain “appetite” for the type of driver that earns them the highest profit. For example, a desirable insured might have to be between 30 and 50, has few claims, and does not commute to work. A driver that matches those criteria will get low rates and as a result will probably cut their rates if they switch.

Potential customers who don’t meet these stringent criteria may be forced to pay a higher premium and the customer buying from someone else. The ads state “drivers that switch” but not “everyone who gets a quote” save that much money. That is how companies can truthfully make the claims of big savings.

This illustrates why you need to get price quotes at each policy renewal. Because you cannot predict the company that will give you lower premium rates than your current company.

Auto insurance coverages explained

Having a good grasp of a auto insurance policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your 1993 Chevy Corvette.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Liability coverages

Liability insurance provides protection from damage that occurs to other’s property or people that is your fault. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as structural damage, pain and suffering, loss of income and funeral expenses. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Coverage for medical expenses

Med pay and PIP coverage pay for short-term medical expenses for dental work, doctor visits, surgery and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Coverage for collisions

This pays for damage to your Corvette resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like scraping a guard rail, hitting a parking meter and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive auto insurance

This pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as rock chips in glass, hitting a bird, hitting a deer and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

In the end, you save

Consumers who switch companies do it for many reasons like questionable increases in premium, denial of a claim, being labeled a high risk driver and policy cancellation. Regardless of your reason, choosing a new company is actually quite simple.

As you prepare to switch companies, never reduce coverage to reduce premium. There have been many situations where an accident victim reduced comprehensive coverage or liability limits only to regret that the few dollars in savings costed them thousands. The aim is to purchase a proper amount of coverage at the best possible price while not skimping on critical coverages.

You just read a lot of tips how to get a better price on 1993 Chevy Corvette insurance. The key thing to remember is the more price quotes you have, the better likelihood of getting inexpensive insurance coverage. Drivers may discover the lowest rates are with a small local company.

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