1997 Chevrolet Corvette Insurance Rates

Finding more affordable premium rates for car insurance may be quite difficult for people who are beginners to buying insurance online. With so many agents and insurers to choose from, it can quickly become a chore to locate the lowest price.

Find hidden discounts to get affordable insurance rates

Car insurance is not cheap, but there are discounts available to cut the cost considerably. Certain credits will be shown when you complete an application, but once in a while a discount must be specifically requested prior to receiving the credit.

  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems may get savings of 25 to 30%.
  • Driver’s Ed – Cut your cost by having your teen driver sucessfully take a drivers education course in school.
  • Early Payment Discounts – If you pay your entire premium ahead of time as opposed to paying monthly you may reduce your total bill.
  • Military Discounts – Being deployed in the military can result in better insurance rates.
  • Federal Government Employee – Federal government employees could cut as much as 10% off on Corvette coverage depending on your insurance provider.
  • Braking Control Discount – Cars and trucks that have anti-lock braking systems can reduce accidents so companies give up to a 10% discount.
  • Telematics Data Discounts – Policyholders that allow their insurance company to scrutinize their driving habits by installing a telematics device like Allstate’s Drivewise could possibly reduce rates if they exhibit good driving behavior.

As is typical with insurance, most discount credits are not given the the whole policy. Most cut the cost of specific coverages such as liability and collision coverage. Even though the math looks like having all the discounts means you get insurance for free, it doesn’t quite work that way.

If you would like to choose from a list of insurance companies that offer many of these discounts, follow this link.

Learn how to buy auto insurance at a discount

Smart consumers have a good feel for the different types of things that are used to determine your policy premiums. When you understand what determines base rates, this empowers consumers to make smart changes that will entitle you to lower premium levels. Lots of things are used when premium rates are determined. Some factors are common sense such as your driving record, but some are more obscure such as whether you are married and annual miles driven.

Shown below are some of the major factors companies use to determine premiums.

  • Better prices with anti-theft devices – Purchasing a vehicle with a theft deterrent system can help lower your premiums. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft.
  • Low physical damage deductibles can be expensive – Insurance for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Chevy. Examples of covered claims are a windshield shattered by a rock, vandalism, and damage from a fallen tree branch. The deductibles you choose tell how much you are willing to pay if a claim is determined to be covered. The more the insured is willing to pay, the less money you will pay for auto insurance on Corvette coverage.
  • Men drivers tend to cost more – The statistics show that females tend to be a little less risky than males. That doesn’t necessarily mean that men are worse drivers. Males and females tend to get into at-fault accidents at a similar rate, but the male of the species have accidents that have higher claims. Men also statistically get higher numbers of serious violations like driving under the influence (DUI).
  • Higher rates for policy lapses – Having an insurance coverage lapse will be a quick way to drive up your policy premiums. Not only will you pay higher rates, failure to provide proof of insurance will get you a fine, jail time, or a revoked license.
  • Youthful drivers pay more – Older people are proven to be safer behind the wheel, tend to cause fewer accidents and get fewer tickets.Youthful drivers have a tendency to be easily distracted when driving with friends and because of this, their auto insurance rates are much higher.
  • High policy claims frequency drives up prices – If you file claims often, you can look forward to much higher rates or policy non-renewal. Insurance companies give discounts to people who file claims infrequently. Auto insurance is intended for major claims that would cause financial hardship.
  • Occupation stress can affect premiums – Do you work in a high-stress field? Careers such as doctors, executives and dentists are shown to have higher rates than the rest of us attributed to stressful work requirements and incredibly demanding work hours. Conversely, jobs such as farmers, historians and the unemployed generally pay rates lower than average on Corvette coverage.
  • Single drivers take more risk – Having a spouse actually saves money when buying auto insurance. It is viewed as being more mature and it’s proven that married couples file fewer claims.

Tailor your auto insurance coverage to you

When it comes to choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

For example, these questions might help in determining whether your personal situation would benefit from an agent’s advice.

  • Am I covered if hit by an uninsured driver?
  • Do I have newly-aquired coverage?
  • Are split liability limits better than a combined single limit?
  • Should I buy only the required minimum liability coverage?
  • Is my ex-spouse still covered by my policy?
  • How does medical payments coverage work?
  • Is my camper covered by my car insurance policy?
  • Do I have coverage when pulling a U-Haul trailer?
  • Does coverage extend to my business vehicle?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form.

Don’t be fooled by advertising claims

Popular insurance providers such as Allstate, GEICO and Progressive constantly bombard you with ads in print and on television. They all seem to have a common claim that drivers can save some big amount after switching your insurance policy to them. How does each company charge you less for car insurance? This is the way they can do it.

Insurance companies have specific criteria for the right customer that will most likely be profitable. For example, a desirable insured could possibly be over the age of 50, has never had a claim, and does not commute to work. Any driver that fits those parameters may get the lowest prices and will probably save money with a new company.

Potential insureds who do not meet those standards may be required to pay higher premium rates which results in the prospect going elsewhere. The wording the ads use say “people that switch” not “all people who quote” will save that much if they switch. That’s the way companies can state the savings. This illustrates why you really should get as many free car insurance quotes as possible. It’s impossible to know which insurance companies will have the lowest rate quotes.

Specifics of your car insurance policy

Learning about specific coverages of your car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

UM/UIM Coverage

This protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Corvette.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like prosthetic devices, chiropractic care, EMT expenses, dental work and rehabilitation expenses. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Coverage for collisions

This covers damage to your Corvette caused by collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with another moving vehicle, crashing into a ditch, rolling your car, damaging your car on a curb and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Liability auto insurance

This can cover damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like repair bills for other people’s vehicles, loss of income, bail bonds, pain and suffering and legal defense fees. The amount of liability coverage you purchase is up to you, but you should buy higher limits if possible.

Comprehensive or Other Than Collision

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like hitting a bird, fire damage and falling objects. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Be a smart shopper

Drivers change insurance companies for a variety of reasons including not issuing a premium refund, policy non-renewal, lack of trust in their agent or even questionable increases in premium. Whatever your reason, finding the right insurance coverage provider can be pretty painless.

We just showed you a lot of information how to compare 1997 Chevy Corvette insurance premium rates online. It’s most important to understand that the more quotes you get, the higher your chance of finding cheap car insurance. Consumers could even find that the lowest priced insurance coverage comes from the smaller companies.

While you’re price shopping online, it’s not a good idea to buy poor coverage just to save money. There are a lot of situations where an insured dropped uninsured motorist or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The goal is to buy the best coverage you can find at the lowest possible cost, but do not skimp to save money.

Additional insurance coverage information is available below: