Did a good deal turn into overpriced Chevy Corvette insurance in Las Vegas? It's quite common and there are many Las Vegas drivers thinking the same thing.
It's shocking but over 70% of consumers kept buying from the same company for four years or more, and nearly the majority have never compared quotes from other companies. Most drivers in Las Vegas could save an average of $550 each year just by getting comparison quotes, but they don't want to take the time to compare rates and save money. Popular companies such as GEICO, Progressive and Allstate all claim big savings, bombarding you with fancy advertisements and it is difficult to ignore the promise of big savings and effectively compare rates to find the best deal.
Most of the larger companies like GEICO, State Farm and Progressive give coverage prices on their websites. Getting Chevy Corvette insurance prices online is quite simple because you just enter your coverage information into a form. Once entered, their quoting system requests your credit score and driving record and returns pricing information. Getting online quotes for Chevy Corvette insurance in Las Vegas makes it simple to compare prices and it's very important to have as many quotes as possible if you want to get the best auto insurance rates.
If you want to fill out one form to compare multiple rates now, visit the companies below or click here to submit a quote request to multiple companies at once. If you currently have coverage, we recommend that you enter the coverage information exactly as shown on your declarations page. Doing this guarantees you will have a rate comparison using the same coverage and limits.
The companies shown below can provide price quotes in Nevada. If multiple companies are listed, it's a good idea that you visit several of them in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Corvette 2-Dr Coupe||$300||$566||$210||$12||$62||$1,150||$96|
|Corvette GS 2-Dr Coupe||$208||$424||$230||$14||$68||$944||$79|
|Corvette 2-Dr Convertible||$276||$432||$344||$20||$102||$1,174||$98|
|Corvette GS 2-Dr Convertible||$384||$698||$270||$16||$80||$1,448||$121|
|Corvette Z06 2-Dr Coupe||$344||$612||$204||$12||$60||$1,232||$103|
|Corvette ZR1 2-Dr Coupe||$522||$1180||$264||$16||$80||$2,062||$172|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium costs do not factor in specific location information which can lower or raise coverage prices significantly.
Impact of careless driving on auto insurance rates
The information below highlights how speeding tickets and accident claims can raise Chevrolet Corvette annual premium costs for each age group. The rates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.
Can higher deductibles save money?
The diagram below highlights how deductible selection and can change Chevrolet Corvette insurance costs for different age categories. The prices are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Impact of age and gender on auto insurance rates
The example below shows the comparison of Chevrolet Corvette premium costs for male and female drivers. The premium estimates are based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, single marital status, and no discounts are applied.
Score discounts on Las Vegas car insurance
Car insurance is easily one of your largest bills, but you might be missing out on some discounts to reduce the price significantly. Certain credits will be shown when you get a quote, but some must be manually applied before you will receive the discount. If you're not getting every credit you deserve, you're paying more than you need to.
- Active Military Service - Being on active deployment in the military can result in better rates.
- Multi-line Discount - Some insurance carriers give a break if you buy life insurance from them.
- Theft Deterrent Discount - Vehicles that have factory alarm systems and tracking devices are stolen less frequently and therefore earn up to a 10% discount.
- E-sign Discounts - Some of the larger companies will discount your bill up to fifty bucks for signing up over the internet.
- Payment Method - By making one initial payment instead of monthly or quarterly installments you could save up to 5%.
- Save with a New Car - Buying a new car instead of a used Corvette can save you some money since new model year vehicles have better safety ratings.
A little disclaimer on discounts, some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like physical damage coverage or medical payments. Even though it appears you can get free auto insurance, it doesn't quite work that way. Any qualifying discounts will help lower your car insurance premiums.
Companies and a partial list of their discounts are:
- State Farm may have discounts that include student away at school, good student, Steer Clear safe driver discount, accident-free, multiple autos, and good driver.
- Progressive includes discounts for online quote discount, multi-vehicle, homeowner, multi-policy, good student, and continuous coverage.
- Travelers offers discounts for driver training, save driver, student away at school, continuous insurance, multi-car, multi-policy, and new car.
- American Family discounts include TimeAway discount, early bird, air bags, bundled insurance, and multi-vehicle.
- Liberty Mutual offers premium reductions for hybrid vehicle, new graduate, teen driver discount, safety features, newly married, multi-policy, and multi-car.
When getting a coverage quote, ask each insurance company which discounts can lower your rates. Some discounts listed above may not be available in every state. To locate companies with the best Chevy Corvette insurance discounts in Nevada, click this link.
When to contact an agent
Many drivers just prefer to talk to a local agent and that is a personal choice. Good agents can make sure you are properly covered and help in the event of a claim. One of the great benefits of comparing car insurance online is the fact that drivers can get cheap rate quotes and still have an agent to talk to. And supporting local agencies is still important in Las Vegas.
To help locate an agent, after submitting this simple form, your coverage information gets sent to participating agents in Las Vegas who can give free rate quotes for your car insurance coverage. It simplifies rate comparisons since you won't have to contact any insurance agencies due to the fact that quote results will go straight to your inbox. If you wish to quote rates from a specific company, you just need to go to their quote page to submit a rate quote request.
Shown below is a short list of auto insurance companies in Las Vegas willing to provide rate quotes for Chevy Corvette insurance in Las Vegas.
Deciding on a provider is decision based upon more than just a cheap price. Here are some questions you should ask.
- Are they full-time agents?
- Do they reduce claim amounts on high mileage vehicles?
- Do they carry Errors and Omissions coverage?
- Which insurance companies are they affiliated with?
- Does the company allow you to choose your own collision repair facility?
- What are their preferred companies if they are an independent agency?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
What is the best car insurance coverage?
Keep in mind that when it comes to choosing coverage, there really is not a "perfect" insurance plan. Everyone's situation is unique.
For example, these questions can help discover whether you might need professional guidance.
- Am I covered when pulling a rental trailer?
- Will damage be repaired with OEM parts?
- Is business property covered if stolen from my car?
- If my pet gets injured in an accident are they covered?
- Can I drive in Mexico and have coverage?
- Is motorclub coverage worth it?
- Should I get collision insurance on every vehicle?
- Should I buy only the required Nevada minimum liability coverage?
- Am I covered if I hit a deer?
- What is the rate difference between pleasure use and commuting?
If you don't know the answers to these questions but you think they might apply to your situation, 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. It only takes a few minutes and may give you better protection.
Decisions You Make Can Impact Your Insurance Premiums
It's important that you understand a few of the rating criteria that are used to determine the rates you pay for auto insurance. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that could result in cheaper rates.
Listed below are some of the most common factors used by companies to determine premiums.
Poor credit rating equals high premiums - A driver's credit rating factor in determining what you pay for auto insurance. People that have very good credit scores tend to be better drivers and file fewer claims than drivers who have poor credit scores. Therefore, if your credit score is low, you could be paying less to insure your Chevrolet Corvette by repairing your credit.
Combine and save - Most larger insurers will award discounts to customers that buy multiple policies such as combining an auto and homeowners policy. Discounts can amount to ten or even fifteen percent. Even if you qualify for this discount already, consumers should still compare other company rates to make sure you are getting the best deal. Drivers may still save money even if you insure with multiple companies
Keep auto insurance rates low by being claim-free - Car insurance companies in Nevada give better rates to people who are not frequent claim filers. If you file claims often, you can expect higher premiums or even policy non-renewal. Insurance coverage is intended for the large, substantial claims.
Getting married equates to better rates - Being married may cut your premiums when shopping for auto insurance. It is viewed as being more mature it has been statistically shown that married drivers get in fewer accidents.
Costs go up with performance - The performance level of the vehicle you are trying to find cheaper insurance for makes a big difference in determining your rates. Because the Chevrolet Corvette falls in the luxury sports car class, rates will be up to twice as much than the average rate where you live in Las Vegas. The lowest performance passenger cars generally receive the lowest base rates, but the final cost of insurance is determined by many other factors.
Vehicles with better crash test results save money - Safe vehicles tend to be cheaper to insure. Vehicles built for safety help reduce the chance of injuries in an accident and fewer injuries means lower claim amounts which can mean better rates for you.
Liability protection limits on your policy - A critical coverage on your policy, liability insurance kicks in if you are determined to be liable for causing damage or personal injury in an accident. It provides you with a defense in court up to the limits shown on your policy. Liability insurance is pretty cheap as compared to coverage for physical damage, so do not cut corners here.
Accidents will cost you - Drivers with clean records get better rates than people who have multiple driving citations. Having just one speeding ticket could increase your next policy renewal to the point where it's not affordable. Drivers unfortunate enough to have serious violations such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 form to the state department of motor vehicles in order to drive a vehicle legally.
Loss probability for a Chevy Corvette - Insurers take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium price. Vehicles that the data shows to have high amounts or severity of claims will cost more for specific coverages. The table below outlines the compiled insurance loss statistics for Chevy Corvette vehicles.
For each insurance policy coverage type, the loss probability for all vehicles, as an average, is represented as 100. Numbers below 100 are indicative of better than average losses, while numbers shown that are more than 100 indicate frequent claims or an increased chance of a larger loss.
Auto Insurance Loss Data for Chevrolet Corvette Models
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Corvette 2dr||116||36||101||42||48||39|
|Chevrolet Corvette Convertible||99||25||57||36|
|Chevrolet Corvette Z06 2dr||176||126|
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Car insurance protects more than just your car
Despite the high cost, car insurance serves a purpose in several ways.
First, just about all states have minimum mandated liability insurance limits which means you are required to buy a minimum amount of liability in order to license the vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if you bought your vehicle with a loan, more than likely the lender will have a requirement that you carry insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank may insure your Chevy at a significantly higher premium and force you to pay the higher premium.
Third, insurance protects your Chevy and your assets. It will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you have damage to your Chevy as the result of the weather or an accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of having insurance greatly outweigh the cost, particularly for liability claims. According to a recent study, the average American driver is overpaying over $810 a year so it's recommended you shop around each time the policy renews to be sure current rates are still competitive.
Affordable car insurance premiums are out there
As you shop your coverage around, it's not a good idea to reduce needed coverages to save money. In many instances, an accident victim reduced collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to purchase a proper amount of coverage at the best possible price, not the least amount of coverage.
Cheaper Chevy Corvette insurance in Las Vegas is possible on the web and from local agencies, and you need to price shop both to get a complete price analysis. Some insurance companies do not provide online rate quotes and most of the time these regional insurance providers only sell coverage through independent agents.
Drivers change insurance companies for a number of reasons such as high rates after DUI convictions, questionable increases in premium, poor customer service and even being labeled a high risk driver. It doesn't matter why you want to switch switching car insurance companies is not as hard as you think.
- Coverage Information (Progressive Insurance)
- How Much is Nevada Auto Insurance for Government Employees? (FAQ)
- How Much is Auto Insurance for a Learners Permit in Nevada? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Seniors in Nevada? (FAQ)
- Top Signs Your Brakes are Giving Out (State Farm)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Auto Insurance 101 (About.com)