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2004 Chevrolet Corvette Insurance Rates

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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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UPDATED: Nov 23, 2017

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Average insurance rates for a 2004 Chevrolet Corvette are $992 a year for full coverage insurance. Comprehensive costs around $256, collision insurance costs $322, and liability insurance costs around $304. Buying a liability-only policy costs as low as $346 a year, and high-risk insurance costs around $2,102. Teenage drivers receive the highest rates at up to $3,576 a year.

Annual premium for full coverage: $992

Rate estimates for 2004 Chevrolet Corvette Insurance

Comprehensive $256
Collision $322
Liability $304

Rate data is compiled from all 50 U.S. states and averaged for all 2004 Chevrolet Corvette models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a driver in their 40's, prices range range from as low as $346 for basic liability insurance to a much higher rate of $2,102 for a driver who has had serious violations or accidents.

Liability Only $346
Full Coverage $992
High Risk $2,102

View Chart as Image

2004 Chevrolet Corvette insurance rates compared
Column chart showing 2004 Chevrolet Corvette insurance prices range from $584 to $3,576 for full coverage

These differences illustrate why anyone shopping for car insurance should compare prices for a specific zip code and risk profile, rather than relying on average rates.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2004 Chevrolet Corvette Insurance

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Looking for better insurance coverage rates for your Chevrolet Corvette? Scraping up a payment for overpriced Chevrolet Corvette insurance can dwindle your savings account and make it hard to pay other bills. Comparing price quotes is a smart way to slash your bill and have more diposable income. You have multiple insurers to insure vehicles with, and although it’s a good thing to have a choice, so many choices can make it hard to find the best rates for your vehicles.

The purpose of this post is to let you in on the best way to quote coverages and some tips to save money. If you currently have car insurance, you will be able to reduce your rates substantially using this strategy. Vehicle owners only need an understanding of how to compare rates online.

You probably qualify for some discounts

Insuring your vehicles can cost a lot, but you may find discounts that you may not even be aware of. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be specially asked for before you get the savings. If you aren’t receiving every discount you deserve, you’re paying more than you need to.

  • Early Switch Discount – Some companies give discounts for switching to them prior to your current policy expiring. It’s a savings of about 10%.
  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. The good student discount can last up to age 25.
  • Multiple Cars – Buying coverage for all your vehicles with the same company may reduce the rate for each vehicle.
  • Paperwork-free – A few companies give back up to $50 simply for signing online.
  • New Car Discount – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Seat Belts Save – Buckling up and requiring all passengers to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can get savings up to 30%.

A little note about advertised discounts, some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. So even though it sounds like all the discounts add up to a free policy, companies wouldn’t make money that way. But any discount will bring down the cost of coverage.

For a list of companies with the best insurance coverage discounts, click this link.

Insurance Coverage Prices Online

Finding a lower price on 2004 Chevy Corvette insurance is a fairly straight forward process. The only requirement is to spend a little time to get quotes provided by online insurance companies. It is quite easy and can be accomplished in a couple of different ways.

  • The recommended way to get quotes would be an industry-wide quote request form click to view form in new window. This form prevents you from having to do multiple quote forms for each company. One quote request gets you coverage quotes from insurance coverage companies with the best prices.
  • A less efficient way to compare prices consists of going to the website of each company and complete a new quote form. For instance, we’ll assume you want comparison quotes from GEICO, Esurance and Liberty Mutual. To find out each rate you need to take the time to go to each site and enter your policy data, which is why the first method is more popular. For a list of links to companies insuring cars in your area, click here.

It’s your choice how you get your quotes, but ensure you’re using the exact same coverages for every company. If the quotes have different liability limits you will not be able to truly determine the lowest rate.

There’s no such thing as the perfect policy

When it comes to buying the right insurance coverage, there really is no “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your situation will benefit from professional help.

  • Do I need roadside assistance coverage?
  • Can I drive in Mexico and have coverage?
  • Does my car insurance cover rental cars?
  • Do I have coverage when using my vehicle for my home business?
  • Do I pay less for low miles?
  • What is medical payments coverage?
  • Do I need an umbrella policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you’re not sure about those questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Car insurance coverages for a 2004 Chevy Corvette

Having a good grasp of your insurance policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. These are typical coverage types available from insurance companies.

Liability auto insurance – Liability coverage can cover damage or injury you incur to a person or their property. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for claims like emergency aid, court costs and bail bonds. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Medical payments coverage and PIP – Med pay and PIP coverage pay for expenses for surgery, X-ray expenses and doctor visits. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Collision coverages – Collision coverage covers damage to your Corvette resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like colliding with a tree, sustaining damage from a pot hole, colliding with another moving vehicle, rolling your car and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverage – Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, rock chips in glass, hail damage, fire damage and damage from flooding. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Power to the consumer

As you go through the steps to switch your coverage, you should never reduce coverage to reduce premium. In too many instances, an insured cut physical damage coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

We just presented a lot of tips how to lower your 2004 Chevy Corvette insurance rates. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. Consumers could even find that the lowest priced car insurance comes from a small local company. Some small companies may have significantly lower rates on certain market segments than their larger competitors like Allstate, GEICO and Progressive.

More resources

Rates by U.S. City

2004 Chevrolet Corvette Insurance Rates by City
City Premium
New York City, NY $1,569
Los Angeles, CA $1,695
Philadelphia, PA $1,324
Jacksonville, FL $1,438
Phoenix, AZ $1,154
Chicago, IL $1,328
Houston, TX $1,552
Seattle, WA $965
Columbus, OH $828
Indianapolis, IN $843

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2004 Chevrolet Corvette Insurance Rates by Driver Age
Driver Age Premium
16 $3,576
20 $2,208
30 $1,032
40 $992
50 $904
60 $886

Full coverage, $500 deductibles

Rates by Deductible

2004 Chevrolet Corvette Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,242
$250 $1,128
$500 $992
$1,000 $860

Full coverage, driver age 40

Rates by Liability Limit

Chevrolet Corvette Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $992
50/100 $1,053
100/300 $1,129
250/500 $1,326
100 CSL $1,083
300 CSL $1,250
500 CSL $1,372

Full coverage, driver age 40

Rates for High Risk Drivers

2004 Chevrolet Corvette Insurance Rates for High Risk Drivers
Age Premium
16 $5,100
20 $3,510
30 $2,146
40 $2,102
50 $2,000
60 $1,980

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $130

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $53
Multi-vehicle $49
Homeowner $15
5-yr Accident Free $68
5-yr Claim Free $63
Paid in Full/EFT $43
Advance Quote $46
Online Quote $71
Total Discounts $408
Rate after discounts $584

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2004 Chevrolet Corvette Insurance Rates by State
State Premium
Alabama $898
Alaska $760
Arizona $824
Arkansas $992
California $1,130
Colorado $946
Connecticut $1,018
Delaware $1,122
Florida $1,240
Georgia $916
Hawaii $714
Idaho $672
Illinois $738
Indiana $746
Iowa $670
Kansas $940
Kentucky $1,350
Louisiana $1,468
Maine $612
Maryland $816
Massachusetts $790
Michigan $1,722
Minnesota $830
Mississippi $1,188
Missouri $878
Montana $1,064
Nebraska $782
Nevada $1,188
New Hampshire $714
New Jersey $1,108
New Mexico $876
New York $1,046
North Carolina $570
North Dakota $812
Ohio $684
Oklahoma $1,018
Oregon $910
Pennsylvania $946
Rhode Island $1,320
South Carolina $898
South Dakota $836
Tennessee $868
Texas $1,194
Utah $734
Vermont $676
Virginia $596
Washington $766
West Virginia $910
Wisconsin $686
Wyoming $882

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