2015 Chevrolet Corvette Car Insurance Quotes – 10 Tricks for Cheapest Rates

Are you a victim of an overpriced auto insurance policy? Believe me when I say there are many people just like you. Many insurers vie for your business, so it’s not easy to compare every company and uncover the absolute best price available.

It’s smart to compare prices periodically since insurance rates tend to go up over time. Just because you found the best rates for Corvette insurance a couple years back there may be better deals available now. So block out anything you think you know about auto insurance because it’s time to teach you the proper way to save on auto insurance.

Discounts mean cheaper Chevy Corvette insurance rates

The cost of insuring your cars can be expensive, but there are discounts available to help offset the cost. Certain discounts will be triggered automatically when you quote, but some may not be applied and must be asked about before you get the savings. If they aren’t giving you every credit you deserve, you are paying more than you should be.

  • Anti-lock Brake System – Anti-lock brake equipped vehicles prevent accidents and will save you 10% or more.
  • Early Switch Discount – Some insurance companies reward drivers for switching policies before your current policy expires. It’s a savings of about 10%.
  • Organization Discounts – Belonging to a professional or civic organization may earn a discount on insurance coverage for Corvette insurance.
  • Defensive Driver – Taking part in a course teaching defensive driving skills could cut 5% off your bill if you qualify.
  • Bundle and Save – If you insure your home and vehicles with one company you could get a discount of up to 20% off your total premium.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.
  • Multiple Cars – Buying insurance for all your vehicles on the same insurance coverage policy can get a discount on all vehicles.
  • Resident Student – Children who are attending college and don’t have a car can receive lower rates.
  • Drivers Education – Have your child successfully complete driver’s ed class in high school.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you could save 5% or more.

Drivers should understand that most credits do not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So when it seems like you would end up receiving a 100% discount, it just doesn’t work that way. But any discount will help reduce the cost of coverage.

To see a list of insurance companies with the best insurance coverage discounts, click here to view.

Tailor your coverage to you

When choosing adequate coverage for your vehicles, there is no perfect coverage plan. Each situation is unique so this has to be addressed. These are some specific questions may help you determine whether or not you might need professional guidance.

  • Do I have coverage when using my vehicle for my home business?
  • Am I covered if my car is in a flood?
  • When would I need rental car insurance?
  • Am I getting all the discounts available?
  • Do I have coverage if my license is suspended?
  • Can I afford to buy a different vehicle if my 2015 Chevy Corvette is totaled?
  • How high should my medical payments coverage be?
  • Is extra glass coverage worth it?
  • Why is insurance for a teen driver so high?

If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

The fine print in insurance coverage ads

Consumers can’t ignore all the ads for car insurance savings by Progressive, GEICO, Allstate and State Farm. All the ads have a common claim about savings after switching to their company.

How does each company make the same claim? This is how they do it.

Different companies can use profiling for the right customer that makes them money. An example of a driver they prefer might be over the age of 50, has no driving citations, and has a high credit rating. Any driver who fits that profile gets the lowest rates and therefore will cut their rates substantially.

Drivers who are not a match for this ideal profile will be quoted higher prices which usually ends up with business not being written. The ads say “people who switch” not “everyone that quotes” save money. That’s the way companies can advertise the way they do.

This emphasizes why you absolutely need to get a wide range of price quotes. It’s impossible to know which company will fit your personal profile best.

Auto insurance coverages

Having a good grasp of your policy aids in choosing the best coverages for your vehicles. Auto insurance terms can be ambiguous and coverage can change by endorsement. Listed below are typical coverage types found on most auto insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2015 Chevy Corvette.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Frequently these coverages are similar to your liability insurance amounts.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for expenses for hospital visits, ambulance fees and doctor visits. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Liability coverage

Liability coverage protects you from damage that occurs to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability can pay for things like repair bills for other people’s vehicles, funeral expenses, medical services, emergency aid and attorney fees. The amount of liability coverage you purchase is up to you, but you should buy as large an amount as possible.

Auto collision coverage

This will pay to fix damage to your Corvette resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like scraping a guard rail, sustaining damage from a pot hole, driving through your garage door, colliding with another moving vehicle and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, damage from a tornado or hurricane, a broken windshield and damage from getting keyed. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

What is YOUR best insurance company?

We just showed you a lot of ways to save on 2015 Chevy Corvette insurance. The key concept to understand is the more providers you compare, the better your comparison will be. Drivers may discover the most savings is with the least-expected company. Smaller companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

When you buy insurance online, don’t be tempted to buy less coverage just to save a little money. Too many times, an insured dropped liability limits or collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.

Cost effective insurance can be found from both online companies as well as from independent agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies don’t offer online quoting and these small, regional companies work with independent agents.

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