1991 Chevrolet Corvette Insurance Cost – 6 Tricks for Cheaper Prices

I can’t think of anyone who enjoys paying for insurance coverage, especially when the price is too high. Multiple car insurance companies compete for your business, and it can be difficult to compare rates and get the definite lowest rate possible.

You need to get comparison quotes occasionally because insurance rates change regularly. Just because you found the best price on Corvette insurance last year you can probably find a better price now. Don’t believe everything you read about insurance coverage on the internet, so we’re going to give you some excellent ideas to reduce your insurance coverage bill.

Quick Car Insurance Quotes

All major car insurance companies such as State Farm, Allstate and Geico give prices directly from their websites. Getting quotes is quite simple as you just type in the amount of coverage you want as detailed in the form. Once you submit the form, their system makes automated requests for your credit score and driving record and returns pricing information determined by many factors. Quoting online streamlines rate comparisons, but the work required to visit multiple sites and fill out multiple forms is monotonous and tiresome. But it is imperative to perform this step in order to get a better rate.

There is a better way to compare rates

The preferred way to compare car insurance pricing makes use of a single form to return rates from a lot of companies. The form is fast, requires less work, and makes online quotes much more enjoyable and efficient. As soon as you send your information, it gets priced and you can select any one of the quotes returned.

If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. It takes just a few minutes to complete and can result in significant savings.

To save time and get comparison pricing now, click here to open in new window and input your coverage information. If you currently have coverage, we recommend you input the insurance coverages exactly as they are listed on your policy. Using the same limits helps guarantee you will receive rate comparison quotes for the exact same coverage.

Ads can be misleading

Consumers get pounded daily by advertisements for cheaper car insurance by companies like State Farm, Allstate and Geico. They all say the same thing about savings if you move to them.

How do they all make almost identical claims?

All the different companies have a preferred profile for the type of driver that earns them a profit. For instance, a driver they prefer could possibly be over the age of 40, a clean driving record, and has a short commute. A driver who meets those qualifications receives the best rates and as a result will probably save when switching.

Drivers who do not match these standards will be charged a higher premium and this can result in the customer not buying. The ads say “people who switch” not “everyone that quotes” save that kind of money. That’s the way companies can advertise the way they do.

That is why it is so important to get a wide range of price quotes. You cannot predict the company that will fit your personal profile best.

Cut your insurance rates with these six discounts

The price of auto insurance can be rather high, but companies offer discounts to reduce the price significantly. Some trigger automatically when you complete an application, but some must be manually applied prior to getting the savings. If you aren’t receiving every discount available, you are paying more than you should be.

  • Military Rewards – Having a family member in the military could be rewarded with lower premiums.
  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and qualify for as much as a 10% discount.
  • Homeowners Pay Less – Simply owning a home may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
  • Defensive Driving Course – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts when compared to frequent claim filers.
  • E-sign – Some insurance companies may give you up to $50 for buying your policy digitally online.

A little note about advertised discounts, most credits do not apply to the overall cost of the policy. A few only apply to specific coverage prices like physical damage coverage or medical payments. Just because you may think you could get a free insurance policy, companies wouldn’t make money that way. Any amount of discount will bring down your overall premium however.

Insurance companies that possibly offer some of the above discounts include:

Before buying, ask all companies you are considering how you can save money. Some discounts may not apply in your area.

You are unique and your car insurance should be too

When choosing adequate coverage for your vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions may help highlight whether or not you could use an agent’s help.

  • Do I have newly-aquired coverage?
  • Should I waive the damage coverage when renting a car?
  • Do I need replacement cost coverage?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my custom paint covered by insurance?
  • Why is insurance for a teen driver so high?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Information about specific coverages

Knowing the specifics of a insurance policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on most insurance policies.

Comprehensive protection

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as a broken windshield, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses for chiropractic care, EMT expenses, rehabilitation expenses, funeral costs and ambulance fees. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Corvette.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Auto collision coverage

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as crashing into a ditch, colliding with another moving vehicle, sideswiping another vehicle and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Liability insurance

This provides protection from damage or injury you incur to a person or their property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage protects against claims like pain and suffering, emergency aid and bail bonds. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.

The bottom line

We’ve covered many ways to get a better price on 1991 Chevy Corvette insurance. The most important thing to understand is the more you quote, the higher your chance of finding lower rates. Drivers may discover the best prices are with a small mutual company. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm, Geico and Nationwide.

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. There have been many situations where someone sacrificed liability limits or collision coverage to discover at claim time they didn’t purchase enough coverage. The ultimate goal is to buy the best coverage you can find for the lowest price, not the least amount of coverage.

Lower-priced insurance is definitely available both online and with local insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not offer online quoting and usually these small, regional companies provide coverage only through local independent agents.

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