1996 Chevrolet Corvette Insurance Rates

Want cheaper insurance rates for your Chevrolet Corvette? No one in their right mind looks forward to buying insurance, especially when they know they are paying too much. Due to the increasing number of insurance providers from which to choose, it can be hard to locate a more affordable insurance provider.

The best way we recommend to compare insurance rates in your area is to know the trick car insurance companies will pay a fee to compare rate quotes. The only thing you need to do is give them some information such as if a SR-22 is required, if you went to college, what your job is, and which vehicles you own. Your details is then submitted to many highly-rated insurers and they provide comparison quotes instantly to find the best rate.

To find the cheapest car insurance rates, click here and find out if lower rates are available.

Find discounts on insurance coverage

Auto insurance companies don’t list every possible discount in an easy-to-find place, so we took the time to find a few of the more well known as well as the least known discounts that you can inquire about if you buy auto insurance online.

  • More Vehicles More Savings – Having multiple cars or trucks with the same company can get a discount on all vehicles.
  • Telematics Discount – Drivers that enable driving data submission to study driving habits by using a small device installed in their vehicle such as Progressive’s Snapshot might see lower rates as long as the data is positive.
  • Military Rewards – Having a family member in the military could be rewarded with lower prices.
  • First Accident Forgiveness – Not a discount per se, but a few companies such as Allstate, State Farm and GEICO will let one accident slide before your rates go up with the catch being you have to be claim-free prior to being involved in the accident.
  • Claim-Free Discount – Drivers with accident-free driving histories get the best insurance coverage rates in comparison with frequent claim filers.

Drivers should understand that many deductions do not apply the the whole policy. Most cut the price of certain insurance coverages like liability and collision coverage. Despite the appearance that adding up those discounts means a free policy, it just doesn’t work that way.

A list of insurance coverage companies and their offered discounts can be found below.

  • State Farm includes discounts for student away at school, accident-free, Steer Clear safe driver discount, multiple autos, good driver, and Drive Safe & Save.
  • Nationwide offers discounts including Farm Bureau membership, accident-free, family plan, defensive driving, good student, business or organization, and anti-theft.
  • GEICO discounts include membership and employees, federal employee, multi-policy, daytime running lights, anti-lock brakes, seat belt use, and air bags.
  • AAA may include discounts for good student, multi-car, anti-theft, AAA membership discount, multi-policy, and pay-in-full.
  • 21st Century offers discounts for 55 and older, theft prevention, automatic seat belts, anti-lock brakes, student driver, air bags, and teen driver.
  • The Hartford policyholders can earn discounts including good student, air bag, driver training, bundle, and anti-theft.

It’s a good idea to ask each company or agent how many discounts you can get. Some discounts listed above may not apply to policies in every state. For a list of insurance coverage companies with the best insurance coverage discounts, follow this link.

Learn how to get insurance at a discount

Consumers need to have an understanding of some of the elements that aid in calculating insurance rates. If you have a feel for what positively or negatively impacts your premiums, this enables informed choices that could result in big savings. Many factors are considered when you get your auto insurance bill. Some are pretty understandable such as your driving record, although others are not as apparent such as your marital status or how safe your car is.

  • Car insurance liability protection limits – Your insurance policy’s liability coverage will protect you if ever you are found liable for physical damage or personal injury to other. This coverage provides legal defense to defend your case. This coverage is very inexpensive compared to comp and collision, so drivers should buy more than the minimum limits required by law.
  • Fewer miles means better rates – The more miles you rack up on your Chevy in a year the more you’ll pay to insure it. A lot of insurance companies charge to insure your cars based on how the vehicle is used. Cars and trucks left parked in the garage get more affordable rates than vehicles that have high annual mileage. An improperly rated Corvette is just wasting money. Ask your agent if your vehicle rating states how each vehicle is driven, because it can save money.
  • See if your company offers a multi-policy discount – Some insurance companies provide lower prices for people who carry more than one policy such as combining an auto and homeowners policy. Even if you’re getting this discount it’s still a good idea to check prices from other companies to ensure the best deal.
  • Are females or males drivers cheaper? – Statistics show that women are safer drivers than men. However, don’t assume that females are better drivers. Women and men cause fender benders at a similar rate, but the men have accidents that have higher claims. Men also have more aggressive citations like reckless driving and DUI.
  • More people means more accidents – Being located in less populated areas is a good thing when it comes to insurance. Urban drivers tend to have traffic congestion and a longer drive to work. Fewer drivers translates into fewer accident claims and also fewer theft and vandalism claims.
  • Theft deterrents save – Choosing to buy a car with a theft deterrent system can save you a little every year. Systems that thwart theives such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft and help lower rates.

Tailor your insurance coverage coverage to you

When buying the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that could help you determine if your insurance needs might need an agent’s assistance.

  • When can I cancel my policy?
  • Does my liability insurance cover pulling a trailer or camper?
  • Should I get collision insurance on every vehicle?
  • How can I force my company to pay a claim?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Can my babysitter drive my car?
  • Do I really need UM/UIM coverage?

If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and may give you better protection.

Auto insurance policy coverages for a Chevy Corvette

Having a good grasp of your auto insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages found on the average auto insurance policy.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, falling objects, hail damage and damage from a tornado or hurricane. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for collisions

Collision insurance will pay to fix damage to your Corvette caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against things like hitting a mailbox, rolling your car, sideswiping another vehicle, backing into a parked car and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to bring the cost down.

Liability insurance

This can cover damage or injury you incur to a person or their property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has 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 means a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability insurance covers things such as attorney fees, medical services, pain and suffering, legal defense fees and court costs. The amount of liability coverage you purchase is your choice, but you should buy as much as you can afford.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as hospital visits, rehabilitation expenses, funeral costs, prosthetic devices and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Be a penny pincher

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. In many cases, drivers have reduced liability limits or collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to find the BEST coverage at the best price while not skimping on critical coverages.

Throughout this article, we presented a lot of ways to save on 1996 Chevy Corvette insurance. The most important thing to understand is the more companies you get auto insurance rates for, the higher your chance of finding cheap auto insurance. Consumers may even find the lowest priced car insurance comes from a small mutual company. Smaller companies often have lower auto insurance rates on specific markets compared to the large companies like Allstate and Progressive.

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