Confused by the crazy number of insurance options? Many other consumers are too. Consumers have so many companies to choose from that it can turn into a real hassle to find the perfect company for you.
It’s a great practice to check insurance prices once or twice a year since insurance rates are usually higher with each renewal. Even if you think you had the best deal on Corvette coverage a few years ago the chances are good that you can find a lower rate today. Ignore everything you know about insurance because you’re about to find out the best way to reduce your cost while improving coverage.
Performing a rate comparison can be exhausting if you don’t know the most efficient way to do it. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you could use online quoting to get the quickest rates.
Many insurance companies belong to a marketplace that allows shoppers to enter their policy data once, and each participating company provides a quote based on the submitted data. This prevents consumers from doing form submissions for every insurance coverage company.
To compare 2012 Chevy Corvette rates now click to open in new window.
One minor caviat to pricing coverage this way is that consumers can’t choose the insurers you want pricing from. So if you prefer to choose from a list of companies for rate comparison, we put together a list of the cheapest insurance coverage companies in your area. Click to view list.
Which method you use is up to you, but double check that you are using the exact same coverages and limits on every quote. If you are comparing mixed coverages it’s not possible to determine the best price for your Chevy Corvette. Slightly different limits may result in large price differences. It’s important to know that having more price comparisons gives you a better chance of getting lower pricing.
When buying the best car insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique.
For example, these questions can help discover whether your personal situation would benefit from an agent’s advice.
If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.
Having a good grasp of insurance aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.
This coverage pays to fix your vehicle from damage 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 claims such as crashing into a building, sustaining damage from a pot hole, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.
Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as vandalism, rock chips in glass, hail damage, a tree branch falling on your vehicle and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Liability insurance will cover injuries or damage you cause to people or other property. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for claims such as funeral expenses, loss of income and medical services. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.
Med pay and PIP coverage provide coverage for immediate expenses for ambulance fees, prosthetic devices, pain medications and X-ray expenses. They can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible
Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Corvette.
Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.