Save on 2014 Chevrolet Corvette Stingray Insurance Rates

Trying to find the cheapest insurance coverage rates for your Chevrolet Corvette Stingray? Are you irritated from being strong-armed each month for insurance coverage? Your situation is no different than many other vehicle owners. Popular companies such as State Farm, GEICO and Farmers Insurance promote their brand names with ad campaigns and it can be hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.

It is always a good idea to do rate comparisons at least once a year since prices tend to go up over time. Just because you had the lowest rate for Corvette Stingray insurance two years ago there is a good chance you can find better premium rates now. Block out anything you think you know about insurance coverage because you’re about to learn the right way to reduce your cost while improving coverage.

If you have insurance now or are looking for a new policy, you can use this information to shop for the lowest rates while maintaining coverages. Finding affordable coverage is not rocket science. Vehicle owners only need an understanding of the tricks to buy auto insurance over the internet.

Cheap insurance coverage rates with discounts

Insurance coverage is not cheap nor is it fun to buy but there could be significant discounts to help bring down the price. Many of these discounts will be applied automatically when you get a quote, but a few must be manually applied before being credited.

  • Include Life Insurance and Save – If the company offers life insurance, you could get a small discount if you purchase auto and life insurance together.
  • Cautious Driver Discount – Insureds without accidents could pay up to 40% less for Corvette Stingray insurance than less cautious drivers.
  • Mature Driver Discount – Older drivers could receive a small decrease in premiums for Corvette Stingray insurance.
  • Savings for New Vehicles – Adding a new car to your policy can save up to 30% because newer models have to meet stringent safety requirements.
  • Defensive Driver Discount – Taking part in a course teaching defensive driver skills is a good idea and can lower rates if you qualify.

Policy discounts save money, but most of the big mark downs will not be given to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. So even though you would think you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

The best insurance coverage companies and their offered discounts are outlined below.

  • State Farm may offer discounts for defensive driving training, multiple policy, anti-theft, Steer Clear safe driver discount, good student, and passive restraint.
  • GEICO may include discounts for membership and employees, good student, driver training, multi-vehicle, and federal employee.
  • Allstate discounts include good student, anti-theft, teenSMART discount, anti-lock brakes, 55 and retired, EZ pay plan discount, and premier plus.
  • SAFECO policyholders can earn discounts including bundle discounts, teen safety rewards, anti-lock brakes, drive less, safe driver, and teen safe driver.
  • Farm Bureau has discounts for driver training, renewal discount, multi-policy, youthful driver, and good student.
  • Progressive may have discounts that include continuous coverage, multi-vehicle, multi-policy, homeowner, good student, and online signing.
  • AAA offers premium reductions for multi-car, anti-theft, pay-in-full, good driver, AAA membership discount, education and occupation, and multi-policy.

Check with every insurance company to give you their best rates. Savings may not be offered in your state. To see a list of insurers that can offer you the previously mentioned discounts, click here to view.

Tailor your insurance coverage coverage to you

When buying the best insurance coverage coverage, there is no cookie cutter policy. Everyone’s needs are different so this has to be addressed. For instance, these questions might help in determining if your situation would benefit from professional advice.

  • I have a DUI can I still get coverage?
  • Do I have coverage if my license is suspended?
  • What are the best liability limits?
  • When should I remove comp and collision on my 2014 Chevy Corvette Stingray?
  • Does my 2014 Chevy Corvette Stingray qualify for pleasure use?
  • Does coverage extend to a rental car in a foreign country?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Parts of your insurance policy

Having a good grasp of your insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. These are the normal coverages available from insurance companies.

Liability insurance

Liability coverage can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for claims like pain and suffering, emergency aid and court costs. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.

Comprehensive coverages

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, damage from getting keyed and hitting a bird. The maximum payout your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for hospital visits, ambulance fees and doctor visits. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Auto collision coverage

This pays for damage to your Corvette Stingray resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like sideswiping another vehicle, scraping a guard rail and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Be a penny pincher

You just learned many ideas to compare 2014 Chevy Corvette Stingray insurance car insurance rates online. The key thing to remember is the more providers you compare, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates are with a small local company. Smaller companies often have lower premium rates on specific markets as compared to the big name companies such as State Farm, GEICO and Nationwide.

Cheaper insurance can be found from both online companies and with local insurance agents, and you need to comparison shop both so you have a total pricing picture. A few companies don’t offer online quoting and most of the time these smaller companies sell through independent agencies.

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