2006 Chevrolet Corvette Car Insurance Rates – 9 Tips to Save

Want lower insurance rates for your Chevrolet Corvette? Are you intimidated by the crazy number of insurance company choices? Many other consumers are too. Drivers have so many options available that it can easily become a lot of work to find better rates.

Consumers need to compare rates every six months due to the fact that insurance rates tend to go up over time. If you had the best price for Corvette coverage a year ago a different company probably has better rates today. There is too much inaccurate information about insurance online, so by reading this article, you’re going to learn the easiest ways to save money.

Comprehensive Insurance Comparison

Performing a rate comparison is a ton of work if you don’t understand the fastest way to get free quotes. You could spend the better part of a day talking about coverages with insurance companies in your area, or you can stay home and use online quoting to get the quickest rates.

Many popular insurance companies take part in a program where prospective buyers complete one form, and each company provides a quote for coverage. This prevents consumers from doing quote requests to each individual insurance company.

To submit your quote information now, click here (opens in new window).

The one downside to getting quotes like this is you can’t choose which insurance companies to get quotes from. If you would rather choose specific providers to compare prices, we put together a list of companies who write insurance in your area. Click here for list of insurance companies.

It’s up to you which method you use, but double check that you are using identical coverage limits with each company. If you use different deductibles you will not be able to determine which rate is truly the best. Just a small difference in coverage limits can result in a big premium difference. And when comparison shopping, getting more free quotes will improve the odds of getting better pricing.

Do I need special coverages?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is unique.

For example, these questions might point out whether or not you would benefit from professional advice.

• Will filing a claim cost me more?
• Do I need motorclub coverage?
• Do I have coverage when making deliveries for my home business?
• Will my rates increase for filing one claim?
• Will my insurance pay for OEM parts?
• Does having multiple vehicles earn me a discount?
• Am I covered if I crash into my own garage door?
• What companies insure drivers after a DUI or DWI?
• Can I drive in Mexico and have coverage?
• How high should deductibles be on a 2006 Chevy Corvette?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, complete this form.

Auto insurance policy specifics

Knowing the specifics of your policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like rock chips in glass, damage from flooding and hail damage. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Coverage for collisions

This pays for damage to your Corvette resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like sideswiping another vehicle, colliding with another moving vehicle, sustaining damage from a pot hole, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Coverage for medical payments

Med pay and PIP coverage pay for expenses for things like dental work, doctor visits, rehabilitation expenses and surgery. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible

Liability coverages

This coverage will cover damage or injury you incur to other people or property by causing an accident. 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. Your policy might show values of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like pain and suffering, structural damage and medical expenses. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible.