2012 Chevrolet Corvette Car Insurance Quotes

Searching for cheaper insurance coverage rates for your Chevrolet Corvette? No normal person fancies paying their premiums for insurance coverage, especially when they could lower their rates if they shopped around. Drivers have many insurance companies to buy insurance from, and although it’s a good thing to have multiple companies, more options can take longer to find the lowest cost provider.

Smart consumers take time to compare prices at least once a year since insurance prices trend upward over time. Just because you found the best deal for Corvette coverage six months ago you can probably find a lower rate today. Ignore everything you know about insurance coverage because I’m going to let you in on the secrets to one of the quickest ways to properly buy coverages while reducing your premium.

This information will instruct you on how to get online quotes and some tips to save money. If you are paying for car insurance now, you will be able to lower your premiums substantially using these tips. Drivers only need an understanding of the best way to find the lowest price over the internet.

Cheapest car insurance rate quotes

Getting a cheaper price on 2012 Chevy Corvette insurance doesn’t have to be difficult. Just take the time comparing price quotes online with multiple companies. You can get a good selection of rate quotes in a couple of different ways.

1. The fastest way to find the lowest comparison rates is an all-inclusive rate comparison like this one (opens in new window). This style of form eliminates the need for a different quote for every prospective company. Filling out one form will return quotes from multiple low-cost companies.
2. A more difficult way to compare prices consists of going to each individual company website to complete their respective quote request forms. For example, we’ll pretend you want to compare Farmers, Safeco and Geico. In order to compare rates, you need to navigate to each company’s site and punch in your information repeatedly, which explains why we recommend starting with the first method. For a list of links to companies insuring cars in your area, click here.
3. The last way to comparison shop is going to all the different insurance agencies. Shopping for car insurance online eliminates the need for an insurance agent unless you prefer the advice and guidance that can only be provided by a licensed insurance agent. Although, it is possible comparison shop online but still have the advice of a local agent.

You can use whichever method you prefer to find lower rates, just make sure you compare exactly the same information for every company. If each company quotes different limits and deductibles on each one it will be impossible to get a fair rate comparison.

Discounts can really help lower premiums

Insurance can cost an arm and a leg, but there are discounts available that may help make it more affordable. Some trigger automatically at the time of purchase, but some discounts are required to be asked for in order for you to get them.

• Resident Student – who live away from home to go to college and do not take a car to college can receive lower rates.
• Seat Belts Save more than Lives – Drivers who require all vehicle occupants to buckle their seat belts can save a little on the medical payments or PIP coverage costs.
• Student Discounts – Getting good grades could provide a savings of up to 20% or more. The good student discount can last up to age 25.
• Include Life Insurance and Save – Some insurance carriers give a discount if you purchase auto and life insurance together.
• Organization Discounts – Being a member of qualifying clubs or civic groups is a good way to get lower rates on your next renewal.
• Data Collection Discounts – Drivers who agree to allow their insurance company to study vehicle usage remotely such as State Farm’s In-Drive may see discounts if they show good driving skills.
• Government Employee Discount – Being employed by or retired from a federal job could provide a small rate reduction for Corvette coverage depending on your insurance provider.
• ABS and Traction Control Discounts – Vehicles with ABS and/or traction control prevent accidents so you can save 10 percent or more.
• Discount for Multiple Policies – If you combine your homeowners and auto policies and place coverage with the same company you may save up to 20% off your total premium.

A little note about advertised discounts, some credits don’t apply to the entire cost. Most cut individual premiums such as collision or personal injury protection. If you do the math and it seems like all those discounts means the company will pay you, you won’t be that lucky. Any qualifying discounts should help reduce your overall premium however.

If you would like to view providers with significant discounts, click here to view.

Lower your insurance rates

Many things are taken into consideration when premium rates are determined. Some are obvious such as traffic violations, but other criteria are not as apparent such as your credit history and annual miles driven.

The list below includes some of the most common factors utilized by car insurance companies to help set your prices.

• High stress occupation may mean higher rates – Did you know your occupation can influence how much you pay for car insurance? Careers like military generals, social workers and stock brokers tend to pay higher premium rates because of high stress levels and lots of time spent at work. On the flip side, occupations like professors, students and performers get better rates for Corvette coverage.
• Where you live factors in – Choosing to live in a rural area can save you money when trying to find low car insurance rates. Fewer drivers and short commutes means reduced accidents and also fewer theft and vandalism claims. Drivers in populated areas tend to have more traffic problems and longer commute times. More time commuting statistically corresponds to a higher accident and claim rate.
• Incidental coverages can add up – There are quite a few extra bells and whistles that may not really be needed if you don’t pay attention. Insurance for replacement cost coverage, accidental death, and membership fees could be just wasting money. They may sound like good ideas when buying your policy, but if you’ve never needed them in the past get rid of them and save.
• Cars with good safety ratings cost less to insure – Safer cars can get you lower premiums. Highly rated vehicles protect occupants better and fewer injuries means lower claim amounts and more competitive rates for policyholders. If your Chevy has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
• Adjust deductibles and save – Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your Chevy. Some examples of claims that would be covered are a broken windshield, damage caused by hail, and rolling your vehicle. Comp and collision deductibles define the amount you are required to spend out-of-pocket if a claim is determined to be covered. The more damage repair cost you choose to pay out-of-pocket, the better rate you will receive for Corvette coverage.
• Does car insurance cost more for guys? – Over time, data shows that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women have accidents at about the same rate, but the men tend to have higher claims. Men also receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Young males are most likely to cause an accident and are penalized with high car insurance rates.
• Having a spouse brings a discount – Having a spouse actually saves money when shopping for car insurance. Having a spouse is viewed as being more financially stable it has been statistically shown that being married results in fewer claims.
• Do you really need to file that car insurance claims? – If you file a lot of claims you can expect either a policy non-renewal or much higher rates. Auto insurance companies award discounts to people who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for more catestrophic claims.

Will just any policy work for me?

When it comes to buying proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions can aid in determining whether you would benefit from an agent’s advice.

• Am I covered if I hit a deer?
• Is my trailer covered?
• Do I have coverage when using my vehicle for my home business?
• Why am I required to get a high-risk car insurance policy?
• Is a fancy paint job covered?
• Can I drive in Mexico and have coverage?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

Don’t believe everything you hear

Consumers constantly see and hear ads that promise big savings for switching by Progressive, Allstate and Geico. All the companies make an identical promise about saving some big amount if you change to them.

How does every car insurance company sell you cheaper insurance coverage?

Car insurance companies can use profiling for the type of customer they prefer to insure. One example of this type of driver may be a mature driver, has never had a claim, and drives a car with an anti-theft system. Any new insured that fits those parameters will get a cheap rate quote and will also save when they switch companies.

People who may not quite match the “perfect” profile will see a more expensive rate and the customer buying from someone else. If you pay close attention to the ads, they say “people who switch” not “everyone that quotes” save that much. That’s why companies can make it sound like they have such great rates.

This really illustrates why drivers should compare as many free insurance coverage quotes as you can. Because you cannot predict which insurance companies will have the lowest prices for your situation.

Car insurance coverages for a Chevy Corvette

Understanding the coverages of insurance aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Comprehensive coverage (or Other than Collision) – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like vandalism, damage from a tornado or hurricane, hitting a deer, fire damage and damage from flooding. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance – This provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your 2012 Chevy Corvette.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for ambulance fees, chiropractic care, prosthetic devices and dental work. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability coverage – Liability insurance protects you from damages or injuries you inflict on a person or their property in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like medical expenses, emergency aid and legal defense fees. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage – This will pay to fix damage to your Corvette caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things like hitting a parking meter, colliding with another moving vehicle, colliding with a tree and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to save money on collision insurance.

Make a quick buck

When getting insurance coverage quotes online, make sure you don’t buy poor coverage just to save money. There have been many cases where someone dropped full coverage only to discover later that it was a big error on their part. Your objective should be to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

We’ve covered many tips how you can shop for 2012 Chevy Corvette insurance online. The most important thing to understand is the more times you quote, the higher the chance of saving money. Drivers may discover the most savings is with a small mutual company. They may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm or Progressive.

To read more, link through to the articles below:

• Understanding Rental Car Insurance (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Top Signs Your Brakes are Giving Out (State Farm)
• Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
• How to Avoid Staged Accidents (State Farm)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)