Compare 1999 Chevrolet Corvette Insurance Rates

Looking for the cheapest car insurance rates for your Chevrolet Corvette? Finding affordable car insurance can seem to be challenging for people who are new to comparing rates online. Consumers have so many choices that it can quickly become a big hassle to find the best price.

It’s important to get comparison quotes occasionally due to the fact that insurance rates are variable and change quite frequently. Even if you got the best deal for Corvette insurance a couple years back a different company probably has better rates today. There is a lot of wrong information about car insurance on the web, but I’m going to show you some great ways to stop overpaying for insurance.

If you currently have car insurance, you will most likely be able to cut costs considerably using this strategy. Locating cheaper car insurance coverage is not that difficult. But car owners must understand how companies price online insurance and take advantage of how the system works.

These discounts can slash insurance coverage rates

Car insurance companies don’t always publicize all their discounts in a way that’s easy to find, so we break down some of the more common as well as the least known discounts you could be receiving.

  • Defensive Driving Course – Taking part in a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • Claim Free – Drivers who don’t have accidents can earn big discounts compared to drivers who are more careless.
  • Early Signing – Select companies give a discount for switching policies before your current expiration date. This can save 10% or more.
  • Accident Waiver – Certain companies will allow you to have one accident before your rates go up so long as you haven’t had any claims prior to the accident.
  • Braking Control Discount – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
  • Payment Discounts – If you pay your bill all at once instead of paying each month you could save 5% or more.
  • College Student – Any of your kids who attend school more than 100 miles from home and don’t have a car can be insured at a reduced rate.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you will save 10% to 20% off each policy.

Keep in mind that many deductions do not apply to the overall cost of the policy. Most only cut individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, you’re out of luck.

Insurance companies that may offer these money-saving discounts may include but are not limited to:

Check with all companies you are considering how you can save money. Savings might not apply everywhere.

Why you might be paying too much to insure your Chevy Corvette

An important part of buying insurance is that you know the factors that come into play when calculating your insurance coverage rates. Having a good understanding of what influences your rates allows you to make educated decisions that could result in big savings.

  • Pay less after the wedding – Having a spouse helps lower the price on insurance coverage. Marriage usually means you are more mature than a single person and it’s proven that married drivers get in fewer accidents.
  • Rates may be higher depending on your occupation – Occupations like lawyers, executives and financial analysts tend to have higher average rates attributed to high stress levels and long work days. Conversely, occupations like farmers, engineers and the unemployed receive lower rates for Corvette insurance.
  • Liability insurance protects assets – Your policy’s liability coverage provides coverage if ever a jury decides you are liable for personal injury or accident damage. It provides for a legal defense which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so buy as much as you can afford.
  • Higher deductibles cost less – Physical damage deductibles represent how much money you are required to spend before a claim is paid by your company. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered could be colliding with a building, damage caused by hail, and burglary. The more money the insured has to pay upfront, the less your company will charge you for insurance for Corvette insurance.
  • Do men or women drive better? – Statistics have proven women are more cautious behind the wheel. However, this does not mean men are worse drivers. Men and women tend to get into accidents in similar percentages, but men have costlier accidents. Men also receive more costly citations such as DWI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and thus pay the highest rates.
  • Better crash test results mean better rates – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles result in less severe injuries and lower injury rates means less money paid by your insurance company and lower rates for you. If your Chevy is rated at least four stars on Safercar.gov it may be receiving lower rates.

When might I need the advice of an agent?

When it comes to choosing coverage for your personal vehicles, there really is no “best” method to buy coverage. Each situation is unique.

For example, these questions may help you determine whether your personal situation could use an agent’s help.

  • Why is insurance for a teen driver so high?
  • Why do I only qualify for high-risk insurance?
  • Will my rates increase for filing one claim?
  • Is my Chevy Corvette covered if I use it for business?
  • Does medical payments coverage apply to all occupants?
  • Should I drop comprehensive coverage on older vehicles?
  • What if I owe more than I can insure my car for?
  • Do I have coverage if my license is suspended?
  • Am I covered if I break a side mirror?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form.

The coverage is in the details

Knowing the specifics of your policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring.

Liability auto insurance

Liability coverage will cover damage or injury you incur to other people or property. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like emergency aid, bail bonds, medical services and funeral expenses. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Comprehensive coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as rock chips in glass, damage from flooding and falling objects. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision insurance

This pays for damage to your Corvette resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as damaging your car on a curb, backing into a parked car and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like dental work, hospital visits and pain medications. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

You can do this!

The cheapest 1999 Chevy Corvette insurance is possible both online and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. Some companies may not provide online quoting and these smaller companies work with independent agents.

People leave their current company for a number of reasons such as unfair underwriting practices, questionable increases in premium, delays in responding to claim requests and not issuing a premium refund. Whatever your reason, switching companies can be easy and end up saving you some money.

We covered some good ideas how you can shop for insurance online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding lower rates. Drivers may discover the lowest priced insurance comes from the smaller companies.

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