Save on 1997 Chevrolet Corvette Car Insurance Cost

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Nov 23, 2017

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Searching for lower insurance coverage rates for your Chevrolet Corvette? Confused by the wide range of insurance coverage companies? Many other drivers are as well. You have so many options that it can turn into more work than you anticipated to find the best price.

It’s a great practice to price shop coverage on a regular basis because prices are usually higher with each renewal. Just because you had the best price on Corvette insurance a couple years back there may be better deals available now. Starting right now, block out anything you think you know about insurance coverage because we’re going to show you how to use the internet to save on insurance coverage.

If you have car insurance now, you will be able to cut costs considerably using these methods. This information will instruct you on the most effective way to quote insurance. But consumers do need to understand the way companies price insurance differently and use this information to your advantage.

Are you getting all your discounts?

Companies offering auto insurance don’t always list all their discounts in an easy-to-find place, so here is a list some of the more common and the more hidden ways to save on auto insurance.

  • Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on Corvette insurance with certain companies.
  • Service Members Pay Less – Being on active duty in the military could mean lower rates.
  • Paperless Signup – A few companies will give a small break for buying your policy over the internet.
  • New Car Discount – Adding a new car to your policy is cheaper due to better safety requirements for new cars.
  • Theft Prevention Discount – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more on Corvette insurance than less cautious drivers.
  • Life Insurance – Larger companies have better rates if you take out a life insurance policy as well.

Keep in mind that most credits do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you could get a free auto insurance policy, you won’t be that lucky.

Insurance companies that may have these benefits are:

It’s a good idea to ask each insurance company what discounts are available to you. All car insurance discounts might not be offered in your area.

When might I need an agent?

When it comes to choosing adequate coverage, there really is not a single plan that fits everyone. Every insured’s situation is different.

Here are some questions about coverages that might point out whether you might need an agent’s assistance.

  • I have a DUI can I still get coverage?
  • Should I have a commercial auto policy?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Does insurance cover damages from a DUI accident?
  • How much liability do I need to cover my assets?
  • Who is covered by my policy?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Coverages available on your policy

Knowing the specifics of your insurance policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as fire damage, hitting a bird, falling objects and hitting a deer. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Auto collision coverage

Collision insurance will pay to fix damage to your Corvette from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like colliding with a tree, crashing into a building, crashing into a ditch, scraping a guard rail and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like ambulance fees, funeral costs and surgery. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Corvette.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverages

This coverage protects you from injuries or damage you cause to people or other property. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged property.

Liability can pay for claims such as repair bills for other people’s vehicles, legal defense fees, loss of income, bail bonds and attorney fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Saving money makes a lot of cents

Cheaper 1997 Chevy Corvette insurance is definitely available both online in addition to many insurance agents, and you need to price shop both to get a complete price analysis. A few companies do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.

People leave their current company for any number of reasons including delays in paying claims, poor customer service, an unsatisfactory settlement offer and even extreme rates for teen drivers. Regardless of your reason, finding a new company is pretty simple and you could end up saving a buck or two.

As you go through the steps to switch your coverage, do not buy less coverage just to save a little money. In many cases, an insured dropped liability coverage limits only to regret at claim time they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.

Much more information about insurance coverage can be read at these links:

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