2013 Chevrolet Corvette Insurance Rates – 6 Tips for Cheaper Quotes

Are you drained from not being able to scrape enough together to pay car insurance each month? You have the same problem as many other vehicle owners.

There is such a variety of auto insurance companies to purchase coverage from, and although it’s a good thing to have a choice, lots of choices makes it harder to compare rates and find the lowest cost car insurance.

It’s important to shop coverage around occasionally due to the fact that insurance prices trend upward over time. Just because you found the best deal on Corvette insurance two years ago you will most likely find a better premium rate today. You can find a lot of wrong information about car insurance online but I’m going to show you some guaranteed methods to buy car insurance cheaper.

Auto insurance rates and discounts

Auto insurance can be pricey, but companies offer discounts that may help make it more affordable. Some of these disounts will be visible when you quote, but occassionally some discounts must be inquired about prior to receiving the credit.

  • Membership in Organizations – Participating in specific professional or occupational memberships or organizations may earn a discount on your bill.
  • Passive Restraints – Vehicles equipped with air bags or motorized seat belts can receive discounts as much as 30%.
  • Payment Method – By paying your policy upfront instead of making monthly payments you could save up to 5%.
  • Discount for Life Insurance – If the company offers life insurance, you could get a lower price if you buy some life insurance in addition to your auto policy.
  • Discounts for New Vehicles – Adding a new car to your policy can be considerably cheaper because newer vehicles have to meet stringent safety requirements.
  • Multiple Cars – Buying coverage for multiple vehicles on one policy could earn a price break for each car.

Don’t be shocked that some credits don’t apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like all the discounts add up to a free policy, you’re out of luck.

A few of the larger companies and their possible discounts can be found below.

  • Progressive includes discounts for online quote discount, multi-vehicle, continuous coverage, online signing, and homeowner.
  • MetLife offers premium reductions for good student, defensive driver, claim-free, good driver, multi-policy, accident-free
  • Mercury Insurance discounts include type of vehicle, good student, ease of repair, location of vehicle, and anti-theft.
  • Nationwide may have discounts that include anti-theft, easy pay, defensive driving, multi-policy, Farm Bureau membership, and accident-free.
  • GEICO has discounts for daytime running lights, seat belt use, defensive driver, driver training, air bags, and multi-policy.
  • AAA may include discounts for good driver, AAA membership discount, education and occupation, good student, and anti-theft.

Before you buy a policy, ask all companies you are considering how many discounts you can get. Some of the discounts discussed earlier may not apply to policyholders in your area.

Situations that may require an agent’s advice

When it comes to buying the right insurance coverage for your personal vehicles, there really is no one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions might help in determining if your insurance needs will benefit from professional help.

  • When should I not file a claim?
  • Is my teenager covered with friends in the car?
  • Do I need an umbrella policy?
  • How much underlying liability do I need for an umbrella policy?
  • Do I pay less if my vehicle is kept in my garage?
  • Is my teen driver covered when they drive my company car?
  • What can I do if my company won’t pay a claim?
  • Do I need medical payments coverage since I have good health insurance?
  • What should my uninsured motorist coverage limits be in my state?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Educate yourself about auto insurance coverages

Having a good grasp of auto insurance helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Shown next are the normal coverages available from auto insurance companies.

Collision coverage

This coverage will pay to fix damage to your Corvette caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a parking meter, damaging your car on a curb, hitting a mailbox and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Coverage for medical payments

Med pay and PIP coverage reimburse you for short-term medical expenses such as prosthetic devices, funeral costs, chiropractic care, doctor visits and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Chevy Corvette.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive coverages

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for things such as hail damage, hitting a bird, a broken windshield and vandalism. The most your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability insurance

Liability insurance provides protection from damages or injuries you inflict on people or other property that is your fault. It protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for things such as structural damage, pain and suffering and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Be a penny pincher

You just learned a lot of ways to lower your 2013 Chevy Corvette insurance rates. The key thing to remember is the more companies you get car insurance rates for, the better chance you’ll have of finding the cheapest insurance coverage. Consumers could even find that the best rates are with some of the smallest insurance companies. These smaller insurers may only write in your state and offer lower car insurance rates than their larger competitors like GEICO and State Farm.

Affordable 2013 Chevy Corvette insurance can be bought from both online companies and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some companies may not offer online rate quotes and most of the time these smaller providers provide coverage only through local independent agents.

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