Cheaper 2006 Chevrolet Corvette Car Insurance Cost

Looking for lower insurance rates for your Chevrolet Corvette? Perplexed by the dozens of insurance options? Lot’s of other consumers are too. You have so many options that it can easily become a real challenge to find the best price.

It’s a good habit to check insurance prices quite often since rates are adjusted regularly by insurance companies. Just because you had the best price on Corvette insurance a year ago the chances are good that you can find a lower rate today. So ignore everything you know about insurance because you’re about to learn the best methods to find lower rates on insurance.

Comparison of Auto Insurance

There are a lot of ways to compare auto insurance prices but there is one way that is easier and takes less work. You can waste a few hours (or days) talking to local insurance agents in your area, or you could save time and use online quotes to maximize your effort.

Many of the larger companies belong to a marketplace that allows shoppers to send in one quote, and each participating company returns a competitive quote based on that information. This eliminates the need for repetitive form submissions to each individual auto insurance company. To use this form to compare 2006 Chevy Corvette insurance rates click to open in new window.

The only downside to doing it this way is you can’t choose which carriers to get quotes from. So if you prefer to choose specific providers to compare rates, we have a page of low cost auto insurance companies in your area. Click here to view list.

Which method you use is up to you, but make absolute certain that you use the exact same coverages and limits on every quote you get. If the quotes have unequal deductibles or liability limits you will not be able to decipher which rate is best. Slightly different limits can make a big difference in price. Keep in mind that obtaining a wide range of quotes will improve the odds of getting the best offered rates.

These discounts can lower your rates

Insurance can cost an arm and a leg, but there could be available discounts that many people don’t even know exist. Some trigger automatically at quote time, but lesser-known reductions have to be requested specifically before you will receive the discount.

  • Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper due to better safety requirements for new cars.
  • Anti-theft System – Vehicles with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • E-sign – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
  • Military Discounts – Having a deployed family member could be rewarded with lower premiums.
  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course in school.
  • Multi-policy Discount – When you combine your home and auto insurance with the same company you will save up to 20% off your total premium.
  • Early Signing – Some companies give discounts for switching policies prior to your current policy expiration. This can save 10% or more.
  • Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Homeowners Discount – Being a homeowner can save you money because owning a home shows financial diligence.
  • Good Student – Getting good grades can get you a discount of up to 25%. This discount can apply up to age 25.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. Most only cut specific coverage prices like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, car insurance companies aren’t that generous. But any discount will cut the amount you have to pay.

Car insurance companies who might offer some of the above discounts are:

Check with every prospective company which discounts you may be entitled to. Savings may not be available everywhere.

Different people need different coverages

When it comes to choosing coverage for your personal vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

For example, these questions can help discover if your situation might need an agent’s assistance.

  • When should I remove comp and collision on my 2006 Chevy Corvette?
  • Do I need medical payments coverage since I have good health insurance?
  • Why am I required to buy high-risk coverage?
  • At what point should I drop full coverage?
  • What discounts do I qualify for?
  • Am I covered if I hit a deer?
  • What can I do if my company won’t pay a claim?
  • Can my babysitter drive my car?
  • Do I have coverage when using my vehicle for my home business?

If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form.

Insurance coverage options for a 2006 Chevy Corvette

Knowing the specifics of insurance helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Collision coverage

Collision insurance will pay to fix damage to your Corvette caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like rolling your car, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Liability coverages

Liability coverage will cover damage that occurs to other’s property or people in an accident. This insurance 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 which stand for $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. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against things like emergency aid, attorney fees and pain and suffering. How much coverage you buy is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like ambulance fees, prosthetic devices and hospital visits. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like fire damage, a broken windshield and damage from flooding. The highest amount your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

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

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Most of the time these limits are identical to your policy’s liability coverage.