1998 Chevrolet Corvette Car Insurance Quotes

Searching for the cheapest insurance coverage rates? Consumers have lots of choices when looking for the lowest priced Chevy Corvette insurance. They can either spend hours calling around to compare prices or save time using the internet to find the lowest rates.

There is a better way to find insurance coverage online so you’re going to learn the proper way to price shop coverage for your Chevy and locate the lowest price from local insurance agents and online providers.

It’s a good habit to quote other rates before your next renewal because prices trend upward over time. Even if you think you had the best deal on Corvette coverage a couple years back you can probably find a lower rate today. There is a lot of wrong information about insurance coverage online but in this article, you’re going to get a bunch of ideas how to lower your insurance coverage premiums.

If you are insured now or are just looking to switch companies, you will benefit by learning to cut your premiums and still get good coverage. This information will introduce you to how to get online quotes and some money-saving tips. Vehicle owners only need to know the most effective way to compare company rates online.

How much does auto insurance cost?

Finding low cost auto insurance rates is actually easier than you may think. All that’s required is to take a couple of minutes to compare free insurance quotes from different insurance companies. Insurance prices can be quoted in several different ways.

  1. The easiest and least time consuming way to find low rates is a comparison rater form click to view form in new window. This type of form eliminates the need for boring form submissions for every auto insurance company. A single, simple form gets you coverage quotes from all major companies. Just one form and you’re done.
  2. A harder way to analyze rates requires visiting each company’s website and request a quote. For instance, we’ll pretend you want rates from Farmers, GEICO and Progressive. In order to get each rate, you would have to navigate to each company’s site to enter the same coverage data repeatedly, which explains why we recommend starting with the first method. For a handy list of car insurance company links in your area, click here.

Which method you use is up to you, but try to use nearly identical quote information on every quote you get. If you use mixed coverages it will be next to impossible to make a fair rate comparison.

What affects Chevy Corvette insurance premiums?

The best way to find cheaper auto insurance is to take a look at the factors that aid in calculating your auto insurance rates. When consumers understand what determines base rates, this enables informed choices that could result in lower rates.

The list below includes some of the factors used by your company to calculate premiums.

  • Consolidate home and auto and save – Many insurers will give discounts to insureds who carry more than one policy such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even with this discount, it’s still a good idea to comparison shop to help ensure you have the lowest rates. You may still be able to find a better deal even if you insure with multiple companies
  • Only buy what you need – There are a ton of extra bells and whistles that you can get tricked into buying if you don’t pay attention. Things like vanishing deductibles, towing coverage, and Farm Bureau memberships are probably not needed. They may seem like a good idea at first, but now you might not need them so remove them and pocket the money.
  • Your spouse saves you money – Getting married may earn you lower rates compared to being single. Marriage generally demonstrates drivers are more stable financially and it’s statistically proven that married couples file fewer claims.
  • Low credit rating equals high premiums – Credit history can be an important factor in determining what you pay. Drivers with excellent credit tend to file fewer claims as compared to drivers with poor credit scores. So if your credit can use some improvement, you could potentially save money when insuring your 1998 Chevrolet Corvette by repairing your credit.
  • Gender as a rate factor – Over time, data shows women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Females and males get in at-fault accidents in similar percentages, but the male of the species have costlier accidents. They also receive more costly citations like driving under the influence (DUI). Male drivers age 16 to 19 are the most expensive to insure and therefore are the most expensive to insure.
  • Liability protection is important – A critical coverage on your policy, liability insurance is the protection in the event that you are determined to be liable for personal injury or accident damage. It provides legal defense coverage to defend your case. Liability insurance is quite affordable when compared with rates for comp and collision, so buy as much as you can afford.

Verify you’re applying every discount

Car insurance is not cheap, but there’s a good chance there are discounts that can drop the cost substantially. Some trigger automatically when you get a quote, but a few must be asked for before being credited.

  • Buy New and Save – Adding a new car to your policy can cost up to 25% less because newer vehicles keep occupants safer.
  • Payment Discounts – If you pay your bill all at once instead of paying each month you can avoid monthly service charges.
  • Club Memberships – Joining specific professional or occupational memberships or organizations could earn you a nice discount on your policy.
  • Anti-theft System – Cars, trucks, and SUVs that have factory anti-theft systems are less likely to be stolen so companies will give you a small discount.
  • Anti-lock Brake Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes can stop better under adverse conditions and qualify for as much as a 10% discount.

As a footnote on discounts, some of the credits will not apply the the whole policy. Most only apply to individual premiums such as collision or personal injury protection. So even though it sounds like it’s possible to get free car insurance, that’s just not realistic.

Insurance companies that may have these discounts possibly include:

When getting a coverage quote, ask each insurance company which discounts you may be entitled to. A few discounts might not be available to policyholders in your area. To find insurance companies that offer discounts, click here to view.

When should I discuss my situation with an agent?

When it comes to choosing coverage for your vehicles, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

These are some specific questions can aid in determining if your situation would benefit from professional advice.

  • Does medical payments coverage apply to all occupants?
  • What is the ISO rating for a 1998 Chevy Corvette?
  • Do I need an umbrella policy?
  • Is a blown tire covered by insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • When can my company non-renew my policy?
  • Am I getting all the discounts available?

If you can’t answer these questions, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and you can get the answers you need.

Specifics of your auto insurance policy

Learning about specific coverages of auto insurance aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Chevy Corvette.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.

Liability

This can cover damage that occurs to other’s property or people in an accident. It protects you from claims by other people. 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. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Another option is a combined single limit or CSL which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims such as repair bills for other people’s vehicles, bail bonds, attorney fees, court costs and legal defense fees. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.

Insurance for medical payments

Med pay and PIP coverage provide coverage for short-term medical expenses such as chiropractic care, funeral costs, ambulance fees and dental work. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive coverage (or Other than Collision)

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as hail damage, vandalism and theft. The maximum amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision insurance

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

Collision insurance covers claims such as crashing into a building, sideswiping another vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.

Summing up your insurance coverage search

Drivers switch companies for any number of reasons including high prices, policy non-renewal, policy cancellation or even not issuing a premium refund. Regardless of your reason for switching companies, finding a new insurance coverage company is less work than it seems.

Throughout this article, we presented many ways to reduce 1998 Chevy Corvette insurance car insurance rates online. It’s most important to understand that the more you quote insurance, the better your chances of lowering your premium rates. You may even find the lowest car insurance rates are with some of the smallest insurance companies.

When trying to cut insurance costs, it’s a bad idea to buy poor coverage just to save money. There are many occasions where an insured cut comprehensive coverage or liability limits to discover at claim time that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

Additional detailed information can be read in these articles: