2012 Chevrolet Corvette Insurance Rates – 5 Discounts for Cheapest Quotes

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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: May 12, 2022

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Have you fallen victim to an underperforming, overpriced insurance policy? Trust us, you’re not alone. Drivers have multiple insurance companies to purchase coverage from, and although it’s a good thing to have a selection, it can be more challenging to adequately compare rates.

Buying car insurance is easy if you know what you’re doing. If you have insurance now or need a new policy, you can use this information to shop for the lowest rates and possibly find even better coverage. Drivers just need to understand the most efficient way to find the lowest price online.

How to Compare Insurance Coverage Costs

Effectively comparing insurance coverage prices is a ton of work if you don’t understand the fastest way to get free quotes. You can waste a lot of time talking about coverages with insurance agencies in your area, or you could save time and use online quotes to get prices fast.

The majority of car insurance companies belong to a marketplace that enables customers to enter their coverage request one time, and each participating company returns a rated price for coverage. This system prevents you from having to do quote requests for each company. To compare 2012 Chevy Corvette rates now click here to open in new window.

One minor caviat to doing it this way is you don’t know exactly the providers you want to price. If you wish to select individual companies to compare, we put together a list of insurance coverage companies in your area. View list of insurance companies.

Whichever method you choose, make darn sure you compare exactly the same coverages and limits for every company. If you have differing limits it’s impossible to make an equal comparison.

Can you really save $434 a year?

Drivers constantly see and hear ads for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. They all seem to make an identical promise about savings if you change your policy.

How does each company say the same thing?

All companies have a preferred profile for the type of customer that is profitable for them. A good example of a desirable insured could possibly be between the ages of 40 and 55, has no prior claims, and chooses high deductibles. A driver who fits that profile is entitled to the best price and as a result will probably save quite a bit of money when switching.

Potential insureds who fall outside the “perfect” profile will be charged higher rates which usually ends up with the driver buying from a lower-cost company. The ads state “customers who switch” not “everyone that quotes” save money. That’s why companies can truthfully claim big savings. That is why you absolutely need to get a wide range of price quotes. Because you never know which company will have the lowest Chevy Corvette insurance rates.

Discounts to Lower 2012 Chevy Corvette Insurance Rates

Companies don’t always list all available discounts in an easy-to-find place, so we researched some of the more common and the harder-to-find discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.
  • Multi-car Discount – Buying insurance for more than one vehicle with the same company can get a discount on all vehicles.
  • Life Insurance – Larger companies have a discount if you purchase life insurance.
  • Memberships – Affiliation with certain professional organizations could qualify you for a break when shopping for car insurance for Corvette insurance.
  • Multiple Policy Discount – If you insure your home and vehicles with the same company you may earn up to 20% off your total premium.

It’s important to note that most discounts do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.

Car insurance companies who might offer these benefits include:

Before buying, ask each insurance company which discounts you may be entitled to. Some discounts might not be offered everywhere.

Tailor Your Coverage to You

When it comes to buying the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that could help you determine if your situation might need an agent’s assistance.

  • When should I buy a commercial auto policy?
  • Is business equipment covered while in my vehicle?
  • Do I need PIP coverage since I have good health insurance?
  • Do I have coverage for damage caused while driving under the influence?
  • What is high-risk coverage and where do I buy it?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • When do I need to add a new car to my policy?
  • Is my dog or cat covered if injured in an accident?
  • I have a DUI can I still get coverage?
  • Can my babysitter drive my car?

If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and may give you better protection.

Insurance Coverages 101

Having a good grasp of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types offered by insurance companies.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for expenses for surgery, EMT expenses, funeral costs, dental work and ambulance fees. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible

Comprehensive coverages – Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like fire damage, vandalism, falling objects, hitting a deer and a broken windshield. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Auto liability – Liability coverage protects you from damages or injuries you inflict on a person or their property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things such as structural damage, pain and suffering, loss of income and funeral expenses. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Collision coverages – This coverage pays for damage to your Corvette from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as damaging your car on a curb, scraping a guard rail and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Stretch Your Dollar

As you prepare to switch companies, never reduce coverage to reduce premium. There have been many situations where someone sacrificed physical damage coverage only to regret at claim time that the small savings ended up costing them much more. Your goal should be to get the best coverage possible for the lowest price while still protecting your assets.

We covered a lot of tips how to compare 2012 Chevy Corvette insurance prices online. The key concept to understand is the more providers you compare, the higher the chance of saving money. You may be surprised to find that the biggest savings come from a company that doesn’t do a lot of advertising. Some small companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

To read more, feel free to visit the following helpful articles:

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