2012 Chevrolet Corvette Insurance Cost – 8 Tips for Best Prices

Looking for the cheapest insurance rates for your Chevrolet Corvette? Have you finally had enough of not being able to afford to pay your insurance bill each month? You are no different than millions of other drivers.

You have so many car insurance companies to choose from, and even though it’s nice to have a selection, more options can take longer to compare company pricing.

You should take the time to compare premium rates every six months because insurance prices change frequently. Just because you had the best price on Corvette insurance two years ago you may be paying too much now. Block out anything you think you know about insurance because you’re about to find out how to use the internet to eliminate unnecessary coverages and save money.

These eight discounts can lower car insurance rates

Companies that sell car insurance don’t list the entire discount list very well, so here is a list a few of the more well known and also the more inconspicuous credits available to bring down your rates.

  • Seat Belt Discounts – Forcing all vehicle occupants to wear their seat belts can save up to 15% off the PIP or medical payment premium.
  • One Accident Forgiven – Not necessarily a discount, but a handful of insurance companies permit an accident before raising your premiums if you have no claims for a particular time prior to the accident.
  • Pay Now and Pay Less – By making one initial payment rather than paying monthly you may reduce your total bill.
  • Driver Education Discount – Teen drivers should sucessfully take a drivers education course as it will make them better drivers and lower rates.
  • Theft Deterent – Cars and trucks that have factory anti-theft systems have a lower chance of being stolen and will qualify for a discount on a auto insurance quote.
  • Lower Rates for Military – Having a family member in the military could trigger a small discount.
  • Home Ownership Discount – Just owning your own home may trigger a policy discount on car insurance because maintaining a house is proof of financial responsibility.
  • Savings for New Vehicles – Buying car insurance coverage on a new vehicle can save you some money since newer models have better safety ratings.

While discounts sound great, it’s important to understand that some credits don’t apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though it appears all those discounts means the company will pay you, it doesn’t quite work that way.

To locate insurance companies that offer the discounts shown above, click here to view.

Free insurance rate quotes

There are several ways to compare prices from local insurance companies. The easiest way to find the cheapest 2012 Chevy Corvette insurance rates is to get quotes online. It is quite easy and can be accomplished using a couple different methods.

  • The most recommended method consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This quick form saves time by eliminating separate quote forms for each price estimate. A single, simple form will return price quotes instantly.
  • A harder way to analyze rates requires a trip to the website for every company you want to comare and request a quote. For examples sake, we’ll pretend you want to compare GEICO, 21st Century and Progressive. To find out each rate you need to spend time on each company’s site and repeatedly enter your information, which can get old fast.

    For a list of links to companies insuring cars in your area, click here.

Whichever method you choose, make darn sure you compare the same coverage data for each price quote. If each company quotes mixed coverages you can’t possibly make an equal comparison. Just slight variations in limits can make a big difference in price. And when price shopping your coverage, comparing more company’s prices increases your odds of finding the best rates. Not every company allows you to get online rate quotes, so it’s necessary to compare quotes from them as well.

When do I need an agent’s advice?

When choosing the best car insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Each situation is unique so your insurance needs to address that. For example, these questions could help you determine if your situation might need an agent’s assistance.

  • Are all vehicle passengers covered by medical payments coverage?
  • When should I remove comp and collision on my 2012 Chevy Corvette?
  • How much liability do I need to cover my assets?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I have coverage if my license is suspended?
  • Why do I only qualify for high-risk insurance?
  • How high should my uninsured/underinsured coverage be in my state?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Car insurance coverage considerations

Knowing the specifics of your policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average car insurance policy.

Uninsured or underinsured coverage

This provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chevy Corvette.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Comprehensive protection

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as fire damage, rock chips in glass, vandalism and a broken windshield. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverage protection

This will pay to fix damage to your Corvette from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as driving through your garage door, damaging your car on a curb, crashing into a ditch, crashing into a building and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also bump up the deductible to save money on collision insurance.

Liability auto insurance

This protects you from injuries or damage you cause to other people or property. 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. Your policy might show limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things such as medical expenses, repair costs for stationary objects and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like EMT expenses, doctor visits, dental work, chiropractic care and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

A tidy conclusion

As you restructure your insurance plan, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice liability coverage limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal is to purchase plenty of coverage for the lowest price, but do not skimp to save money.

Some insurance companies may not offer online quoting and most of the time these small, regional companies sell through local independent agencies. The cheapest 2012 Chevy Corvette insurance is available on the web as well as from insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from.

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