2009 Chevrolet Corvette Insurance Rates

Finding the cheapest insurance for your Chevy Corvette can be an all-consuming task, but you can use our insurance buying tips to make it easier.

There is a better way to find insurance online and we’ll show you the quickest way to price shop coverage for your Chevy and find the lowest possible price from local insurance agents and online providers.

You should take the time to quote other rates every six months since insurance prices change frequently. Just because you found the best deal on Corvette coverage on your last policy a different company probably has better rates today. Forget anything you know (or think you know) about insurance because you’re about to learn the only way to remove unneeded coverages and save money.

If you have a policy now or are shopping for new coverage, you can use this information to find better prices while maintaining coverages. Locating affordable protection is not that difficult. Drivers just need to know the tricks to shop for insurance over the internet.

Find Chevy Corvette insurance at a discount

Many things are used in the calculation when you get a price on insurance. Most are fairly basic like a motor vehicle report, but other factors are more obscure such as whether you are married and annual miles driven.

Shown below are most of the major factors that factor into rates.

  • Marriage is a factor – Having a wife or husband helps lower the price on your insurance policy. Having a significant other means you’re more stable financially and statistics show married drivers tend to have fewer serious accidents.
  • Rates can drop if you have more than one policy – Most major insurers provide a discount for people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can add up to 10 percent or more. Even if you already get this discount, you may still want to compare rates to help ensure you have the lowest rates.There is a chance you can save even more than the discount even if you have your coverage with different companies
  • Responsible drivers pay lower prices – Having a single moving violation can boost insurance rates by as much as twenty percent. Good drivers tend to pay less for car insurance compared to drivers with tickets. People who have dangerous violations such as reckless driving or DUI may be required to maintain a SR-22 with their state’s licensing department in order to prevent a license revocation.
  • When should you not file a insurance claims? – Insurance companies award cheaper rates to insureds that do not abuse their auto insurance. If you file a lot of claims you can look forward to higher rates. Your insurance policy is meant to be used in the event of claims that pose a financial burden.
  • Drivers with excellent credit save on insurance – A driver’s credit rating factor in determining premium rates. If your credit could use some work, you could be paying less to insure your 2009 Chevrolet Corvette if you clean up your credit. People with high credit scores tend to file fewer claims as compared to drivers with bad credit.
  • Age of drivers impacts costs – More experienced drivers are more cautious drivers, tend to file fewer claims and get fewer tickets.Teen drivers have a tendency to get distracted easily when driving therefore insurance rates are much higher.
  • Insurance policy lapses increase insurance rates – Letting your insurance expire can be a quick way to increase your rates. Not only will you pay more, failure to provide proof of insurance might get you a fine, jail time, or a revoked license. You may then have to submit proof of financial responsibility or a SR-22 with your state DMV.
  • Your address can impact rates – Being located in smaller towns and rural areas of the country has definite advantages when shopping for auto insurance. Drivers who live in large cities have more traffic problems and longer commute times. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft.

How to shop car insurance online

Shopping for lower car insurance rates can be challenging if you don’t utilize the fastest way to get free quotes. You could waste time driving to agents in your area, or you could use the internet for quick rates.

Many companies take part in a program that allows shoppers to only type in their quote data once, and every company then returns a price quote. This system prevents you from having to do quote forms to each company.

To find out what other companies charge click to open in new window.

The single downside to using this type of system is you are unable to specify which insurance companies you will receive quotes from. If you would rather choose specific providers to receive pricing from, we have a listing of car insurance companies in your area. Click to view list.

You can use whichever method you prefer to find lower rates, just do your best to use nearly identical quote data for every quote you compare. If the quotes have higher or lower deductibles it will be nearly impossible to determine which company has the best rates.

The insurance bait and switch

Consumers can’t avoid all the ads that claim the lowest rates by companies like Progressive, Allstate and GEICO. They all seem to make the same claim about savings if you switch your policy.

How can each company give you a better price? It’s all in how they say it.

All the different companies have specific characteristics for the type of driver that will add to their bottom line. One example of this type of risk profile should be a married male, owns their home, and drives a lower-performance vehicle. Someone that matches those criteria is entitled to the best price and is almost guaranteed to cut their rates if they switch.

Drivers who cannot meet these standards will get higher premiums which usually ends up with business going elsewhere. The trick is to say “customers that switch” not “everybody who quotes” save that much when switching. That’s why companies can truthfully claim big savings.

This illustrates why you really need to compare quotes as often as possible. Because without a comparison, you cannot know the company that will provide you with the cheapest car insurance rates.

Drivers can save with these rate-reducing discounts

Some insurance providers don’t always publicize their entire list of discounts very clearly, so the next list breaks down a few of the more well known and also the more inconspicuous discounts that you may qualify for.

  • Low Mileage – Fewer annual miles on your Chevy could qualify for lower rates due to less chance of an accident.
  • Club Memberships – Being a member of certain professional organizations is a simple method to lower premiums on your policy.
  • Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts may qualify for discounts of more than 20%.
  • Responsible Drivers – Safe drivers can save as much as half off their rates on Corvette coverage than less cautious drivers.
  • Discounts for New Vehicles – Buying a new car instead of a used car can be considerably cheaper because new model year vehicles keep occupants safer.
  • Smart Student Discounts – Performing well in school can get you a discount of up to 25%. The good student discount can last until age 25.
  • Active Service Discounts – Having a family member in the military may lower your premium rates slightly.

Please keep in mind that most discounts do not apply the the whole policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. Even though it appears having all the discounts means you get insurance for free, it’s just not the way it works.

Insurance companies who may offer these benefits may include but are not limited to:

If you need lower rates, check with each company the best way to save money. Some of the earlier mentioned discounts may not apply in your area. To choose providers who offer free car insurance quotes, click this link.

Do I need special coverages?

When it comes to buying coverage for your vehicles, there is no “best” method to buy coverage. Every situation is different.

These are some specific questions may help you determine if you could use an agent’s help.

  • Do I need medical payments coverage since I have good health insurance?
  • Does my 2009 Chevy Corvette qualify for pleasure use?
  • Do I need motorclub coverage?
  • Is my Chevy Corvette covered if I use it for business?
  • Am I covered if I break a side mirror?
  • How much liability insurance is required?
  • Is my teen driver covered when they drive my company car?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and you can get the answers you need.

Parts of your insurance policy

Learning about specific coverages of insurance aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement.

Liability car insurance

This will cover damage that occurs to other’s property or people in an accident. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things like court costs, legal defense fees, medical expenses and structural damage. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.

Collision protection

Collision coverage pays for damage to your Corvette from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like driving through your garage door, sideswiping another vehicle, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, vandalism, hitting a deer and fire damage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

UM/UIM Coverage

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2009 Chevy Corvette.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these limits are similar to your liability insurance amounts.

Medical costs insurance

Med pay and PIP coverage kick in for immediate expenses such as doctor visits, nursing services and ambulance fees. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Smart consumers save more

Insureds leave their current company for any number of reasons including policy cancellation, unfair underwriting practices, high rates after DUI convictions or policy non-renewal. Regardless of your reason, finding a new company is actually quite simple.

We just presented some good ideas how to reduce 2009 Chevy Corvette insurance rates online. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your car insurance rates. You may even find the lowest rates are with some of the lesser-known companies.

Discount 2009 Chevy Corvette insurance is definitely available both online and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some companies may not have price quotes online and most of the time these smaller companies only sell through independent insurance agencies.

More detailed insurance coverage information is available in these articles: