1991 Chevrolet Corvette Insurance Quotes – 10 Tips for Best Rates

Want better car insurance rates for your Chevrolet Corvette? Paying for high-priced Chevrolet Corvette insurance can empty your personal savings, especially in this economy. Shopping your coverage around is free and is an excellent way to reduce premiums and put more money in your pocket.

Big-name insurance companies like State Farm, Farmers Insurance, GEICO and Allstate constantly bombard you with fancy advertisements and consumers find it hard to see through the deception and take the time to shop coverage around.

You should take the time to do rate comparisons on a regular basis because insurance rates change frequently. If you had the best rates for Corvette insurance a few years ago other companies may now be cheaper. Block out anything you think you know about car insurance because you’re about to learn the right way to buy cheaper car insurance.

If you currently have a car insurance policy, you will be able to cut costs considerably using these techniques. Buying car insurance is not that difficult. But drivers do need to understand the way companies compete online and take advantage of how the system works.

Save big with these ten discounts

The cost of insuring your cars can be expensive, but you can get discounts to help bring down the price. Some trigger automatically when you purchase, but some must be inquired about before they will apply.

  • No Claims – Drivers who don’t have accidents can earn big discounts when compared to frequent claim filers.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Homeowners Pay Less – Owning a house can help you save on car insurance due to the fact that maintaining a home shows financial diligence.
  • Paperless Signup – A handful of insurance companies will give a small break for buying your policy online.
  • New Car Discount – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
  • Multi-car Discount – Buying coverage for more than one vehicle on one policy qualifies for this discount.
  • Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • Good Student Discount – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
  • One Accident Forgiven – Certain companies will forgive one accident without raising rates if you are claim-free for a set time period.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less for Corvette insurance than their less cautious counterparts.

A little note about advertised discounts, most credits do not apply to the entire cost. Some only apply to the price of certain insurance coverages like comp or med pay. Just because you may think adding up those discounts means a free policy, it just doesn’t work that way. Any qualifying discounts will help reduce the amount you have to pay.

Companies that may have these discounts include:

It’s a good idea to ask each insurance company how you can save money. All car insurance discounts may not be available in your area.

But I don’t know anything about car insurance

When buying coverage for your vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions can aid in determining if your situation would benefit from professional advice.

  • I have good health insurance, so how much medical payments coverage do I need?
  • How can I get my company to pay me more for my totalled car?
  • Do I have coverage when making deliveries for my home business?
  • Why am I required to buy high-risk coverage?
  • Do I need rental car coverage?
  • Why am I required to get a high-risk car insurance policy?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Insurance coverage breakdown

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Liability auto insurance

Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as court costs, emergency aid, attorney fees and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for bills for dental work, surgery, hospital visits, ambulance fees and X-ray expenses. They are often utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision coverage

Collision coverage covers damage to your Corvette resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as rolling your car, colliding with a tree, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, damage from getting keyed, fire damage, hitting a bird and hitting a deer. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Chevy Corvette.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Coverage on a shoestring budget

Throughout this article, we presented a lot of techniques to get a better price on 1991 Chevy Corvette insurance. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the biggest savings come from some of the lesser-known companies. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

Budget-conscious insurance is definitely available online in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies do not provide online quoting and most of the time these smaller companies sell through independent agents.

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