Are you sick and tired of being strong-armed to buy car insurance? Your situation is no different than many other drivers.
Many car insurance companies compete to insure your vehicles, so it can be very hard to choose a company to find the absolute cheapest price
It’s a good idea to check insurance coverage prices once or twice a year because prices change quite often. Despite the fact that you may have had the best price for Corvette insurance six months ago there may be better deals available now. Ignore everything you know about insurance coverage because you’re about to learn the right way to lower your rates without sacrificing coverage.
If you currently have car insurance, you will most likely be able to reduce your rates substantially using these tips. Choosing the best insurance company for you is not that difficult. But consumers do need to know how big insurance companies sell insurance online and take advantage of how the system works.
Shopping for lower insurance coverage rates can be a lot of work if you don’t understand the best way to get rate quotes. You could waste a few hours talking to agents in your area, or you could save time and use online quoting to get rate comparisons in just a few minutes.
Many of the larger companies participate in a marketplace that enables customers to submit one quote, and each company then returns a price quote. This eliminates the need for quote requests for each company you want a rate for.
To compare 2008 Chevy Corvette rates using this form now click here to open in new window.
The one downside to using this type of form is buyers cannot specifically choose the providers to receive prices from. If you prefer to choose specific insurance companies to compare, we put together a list of companies who write insurance coverage in your area. Click here for list of insurance companies.
However you get your quotes, make darn sure you compare the exact same coverages on every quote you get. If you use different liability limits it will be impossible to truly determine the lowest rate. Having just a slight variation in coverages can mean a large discrepancy in price. Just remember that obtaining a wide range of quotes helps you find the best rates.
The price of auto insurance can be rather high, but discounts can save money and there are some available that you may not even be aware of. Larger premium reductions will be automatically applied when you complete an application, but some must be specifically requested before you get the savings.
It’s important to note that many deductions do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as comprehensive or collision. Just because it seems like adding up those discounts means a free policy, insurance coverage companies aren’t that generous. But any discount will bring down your overall premium however.
Companies that possibly offer these discounts are:
Before buying, ask all companies you are considering which discounts you may be entitled to. Savings might not be offered in your area.
When choosing the best auto insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that can aid in determining if your insurance needs might need professional guidance.
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Having a good grasp of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.
Comprehensive insurance – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like hitting a deer, vandalism, hitting a bird and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Chevy Corvette.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these coverages are similar to your liability insurance amounts.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for expenses like ambulance fees, chiropractic care, hospital visits, dental work and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants as well as 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
Liability insurance – This can cover damage that occurs to a person or their property in an accident. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.
Liability insurance covers things like legal defense fees, structural damage, medical services, attorney fees and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.
Collision coverages – Collision coverage will pay to fix damage to your Corvette resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things such as sustaining damage from a pot hole, damaging your car on a curb, colliding with a tree and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.