How Much Does 2014 Chevrolet Corvette Stingray Insurance Cost?

Finding lower premiums on insurance coverage can seem to be a challenge for consumers new to comparing rates online. You have so many companies to choose from that it can easily become more work than you anticipated to find the best price.

It’s a great practice to do rate comparisons occasionally since rates are adjusted regularly by insurance companies. Even if you got the lowest price on Corvette Stingray coverage on your last policy you can probably find a better price now. So forget all the misinformation about insurance coverage because you’re going to get a crash course in the tricks you need to know to reduce your cost while increasing coverage.

The fastest way that we advise to compare insurance rates in your area is to take advantage of the fact most of the larger companies provide online access to compare their rates. To start a quote, the only thing you need to do is give the companies some data such as if the vehicle is leased, the ages of drivers, if a SR-22 is required, and distance driven. That information is instantly sent to insurance companies and you get price estimates quickly.

How can Geico, State Farm and Progressive save drivers who switch?

Car insurance providers like Geico, State Farm and Progressive consistently run ads in print and on television. They all have a common claim that you can save if you change your policy. How do they all make the same claim? It’s all in the numbers.

Insurance companies have a preferred profile for the right customer that makes them money. For example, a desirable insured might be between 30 and 50, is a homeowner, and drives less than 10,000 miles a year. A customer who fits that profile gets the lowest rates and therefore will save a lot of money.

Drivers who don’t qualify for the requirements will be charged a higher premium and this can result in business going elsewhere. Company advertisements say “customers that switch” but not “drivers who get quotes” save money. That’s the way companies can make the claims of big savings. That is why you absolutely need to compare as many rates as you can. You cannot predict which company will give you the biggest savings on Chevy Corvette Stingray insurance.

Some factors that can determine what Chevy Corvette Stingray insurance costs

An important part of buying insurance is that you know the factors that help determine your insurance rates. Having a good understanding of what controls the rates you pay allows you to make educated decisions that can help you get big savings.

The following are some of the items companies use to determine your rates.

  • Having a spouse can save you money – Having a wife or husband actually saves money on your insurance policy. Marriage is viewed as being more responsible and it’s proven that drivers who are married are more cautious.
  • Theft deterrents lower rates – Driving a car with a theft deterrent system can help lower your rates. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
  • Poor driving leads to higher costs – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one speeding ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets receive lower rates than people who have multiple driving citations. Drivers with severe tickets such as DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to drive a vehicle legally.
  • Credit scores impact insurance rates – Credit score is a important factor in determining your rates. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower credit scores. So if your credit rating is low, you could save money insuring your 2014 Chevrolet Corvette Stingray by spending a little time repairing your credit.

Cut prices on Chevy Corvette Stingray insurance

Car insurance companies do not list all their discounts in a way that’s easy to find, so we took the time to find both well-publicized as well as the least known discounts you could be receiving.

  • Save over 55 – Older drivers may qualify for a discount up to 10% on Corvette Stingray coverage.
  • Paperwork-free – A handful of insurance companies will give a small break just for signing your application digitally online.
  • New Vehicle Savings – Insuring a new car can save up to 30% compared to insuring an older model.
  • Discounts for Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates on Corvette Stingray coverage than drivers with accidents.
  • Good Students Pay Less – This discount can save 20 to 25%. The discount lasts until age 25.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, companies don’t profit that way.

A partial list of companies that may have these money-saving discounts are:

Double check with all companies you are considering how you can save money. Some discounts might not be offered in your area.

Tailor your coverage to you

When it comes to buying adequate coverage for your personal vehicles, there isn’t really a perfect coverage plan. Every situation is different.

For example, these questions may help you determine if your insurance needs could use an agent’s help.

  • How many claims can I have before being cancelled?
  • Can I afford to buy a different vehicle if my 2014 Chevy Corvette Stingray is totaled?
  • Is my dog or cat covered if injured in an accident?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • When would I need rental car insurance?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Should I buy more coverage than the required minimum liability coverage?
  • Should I buy additional glass protection?

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, simply complete this short form.

Insurance coverages and their meanings

Knowing the specifics of your insurance policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Chevy Corvette Stingray.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Medical payments coverage and PIP

Med pay and PIP coverage reimburse you for expenses for things like hospital visits, funeral costs, doctor visits and EMT expenses. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. 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 coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for liability

This will cover damage or injury you incur to other people or property that is your fault. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims like repair bills for other people’s vehicles, bail bonds and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Collision coverage protection

Collision insurance will pay to fix damage to your Corvette Stingray resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with a tree, crashing into a ditch and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive coverage

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, fire damage and falling objects. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Have the Midas touch

Cost effective 2014 Chevy Corvette Stingray insurance is attainable both online and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best chance of saving money. There are still a few companies who may not provide the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

We’ve covered a lot of techniques to shop for insurance online. The key concept to understand is the more rate quotes you have, the higher your chance of finding lower rates. Consumers may even find the lowest rates come from a smaller regional carrier.

When buying insurance coverage, it’s not a good idea to reduce needed coverages to save money. There have been many situations where an accident victim reduced physical damage coverage and discovered at claim time that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible for the lowest price while not skimping on critical coverages.

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