2010 Chevrolet Corvette Insurance Quotes – 9 Policy Discounts

Comparing car insurance rates online can seem like an uphill battle if you’re new to online rate quotes. Don’t let that stop you because there is an easy way to compare rates.

Don’t miss these nine discounts

Companies offering auto insurance don’t always publicize every discount very well, so we took the time to find some of the best known and the harder-to-find discounts you could be receiving.

  • Driver’s Ed – Have your child enroll in driver’s education in school.
  • Distant Student – Any of your kids who are attending college and don’t have a car can receive lower rates.
  • Life Insurance Discount – Select insurance companies reward you with lower rates if you buy auto and life insurance together.
  • One Accident Forgiven – Certain companies will allow you to have one accident before raising your premiums if your claims history is clear prior to the accident.
  • Multi-car Discount – Buying insurance for more than one vehicle on the same insurance policy could earn a price break for each car.
  • Sign Online – A handful of insurance companies give back up to $50 for buying your policy digitally online.
  • Own a Home – Owning a house may trigger a insurance policy discount because of the fact that having a home demonstrates responsibility.
  • Drive Less and Save – Fewer annual miles on your Chevy could qualify for lower rates on the low mileage vehicles.
  • Lower Rates for Military – Having a deployed family member could be rewarded with lower premiums.

Drivers should understand that some of the credits will not apply to the entire cost. Some only reduce specific coverage prices like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, you won’t be that lucky.

Car insurance companies that may have these money-saving discounts include:

Double check with every prospective company what discounts are available to you. All car insurance discounts might not apply in your area.

Advertising myths

Insurance providers like GEICO, State Farm and Progressive constantly bombard you with ads in print and on television. They all make an identical promise of big savings if you switch to their company. How do they all make the same claim?

All companies have a preferred profile for the right customer that is profitable for them. For example, a profitable customer could be between 30 and 50, has no prior claims, and has a high credit rating. Any new insured who meets those qualifications receives the best rates and as a result will probably save when switching.

Drivers who do not match this ideal profile must pay more money which leads to business not being written. The ads say “drivers who switch” not “people who quote” save that much. That’s the way companies can truthfully make those claims. This illustrates why you should compare as many rates as you can. It’s not possible to predict which insurance companies will provide you with the cheapest Chevy Corvette insurance rates.

When might I need help?

When it comes to choosing the best insurance coverage coverage, there is no “best” method to buy coverage. Everyone’s needs are different.

For instance, these questions may help you determine if your situation might need professional guidance.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Do I need roadside assistance coverage?
  • Am I covered when delivering products for my home-based business?
  • Am I missing any policy discounts?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my teenager covered with friends in the car?

If you’re not sure about those questions, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form.

Insurance coverage considerations

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Liability auto insurance – This will cover damages or injuries you inflict on other people or property that is your fault. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things such as medical expenses, repair costs for stationary objects, attorney fees and pain and suffering. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense insurance – Med pay and PIP coverage provide coverage for expenses for things like rehabilitation expenses, pain medications, surgery, EMT expenses and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Corvette.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Comprehensive (Other than Collision) – Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hail damage, damage from flooding, a broken windshield and fire damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with another moving vehicle, colliding with a tree and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.

Money doesn’t grow on trees

Throughout this article, we presented a lot of ways to reduce 2010 Chevy Corvette insurance prices online. The key concept to understand is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers could even find that the best price on auto insurance is with a company that doesn’t do a lot of advertising.

Insureds who switch companies do it for a number of reasons such as extreme rates for teen drivers, denial of a claim, being labeled a high risk driver or unfair underwriting practices. No matter why you want to switch, finding a new company is pretty easy and you might even save some money in the process.

While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find for the lowest price while still protecting your assets.

Additional auto insurance information can be read at these links: