Car Insurance Rates for a Chevy Corvette in Riverside

Discount Chevy Corvette insuranceAre you sick and tired of sacrificing to buy car insurance? You have the same problem as most other consumers in California.

Unimaginable but true, most car insurance policyholders kept buying from the same company for a minimum of four years, and nearly 40% of drivers have never even shopped around for affordable coverage. Many drivers in Riverside can save hundreds of dollars each year by just shopping around, but most just don’t grasp the actual amount they would save if they replace their high priced policy. Because there are so many options for buying cheap insurance for a Chevy Corvette in Riverside, it’s difficult to locate the most cost effective car insurance provider.

It’s a good habit to do rate comparisons yearly because rates trend upward over time. Just because you found the best rate on Chevy Corvette insurance in Riverside on your last policy you can probably find a lower rate today. Block out anything you think you know about car insurance because you’re going to learn the right way to remove unneeded coverages and save money.

Buying the cheapest auto insurance in Riverside is really not that difficult. If you are paying for car insurance now, you will definitely be able to lower your rates using these tips. Drivers only have to learn how to shop for auto insurance on the web.

The quickest way to compare insurance rates from multiple companies takes advantage of the fact car insurance companies actually pay money for the chance to provide you with a free rate quote. To get started, all you need to do is provide information like whether you are married, if you require a SR-22, your occupation, and types of safety features. Those rating factors is instantly submitted to insurance carriers in your area and they provide comparison quotes very quickly.

To start a rate quote now, click here and enter your coverage details.

The companies in the list below can provide price comparisons in California. If the list has multiple companies, we suggest you get rates from several of them to get the best price comparison.

Why do I need car insurance?

Despite the fact that insurance is not cheap in Riverside, insurance is a good idea for several reasons.

The benefits of carrying adequate insurance greatly outweigh the cost, particularly if you ever have a claim. Unknowingly, the average driver overpays more than $830 a year so it’s very important to do a rate comparison at every renewal to ensure rates are inline.

Premium rates and analysis

The rate table shown below outlines different insurance premium costs for Chevy Corvette models. Being able to understand how rates are figured can be valuable when making smart choices when buying a car insurance policy.

Chevrolet Corvette Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $330 $734 $330 $20 $98 $1,512 $126
Corvette GS 2-Dr Coupe $392 $818 $330 $20 $98 $1,658 $138
Corvette 2-Dr Convertible $392 $818 $424 $26 $128 $1,788 $149
Corvette GS 2-Dr Convertible $424 $904 $424 $26 $128 $1,906 $159
Corvette Z06 2-Dr Coupe $424 $904 $330 $20 $98 $1,776 $148
Corvette ZR1 2-Dr Coupe $546 $1244 $330 $20 $98 $2,238 $187
Get Your Own Custom Quote Go

Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in vehicle garaging location which can revise auto insurance rates noticeably.

Raise deductibles and save

One frequently asked question is how high should the deductibles for physical damage be. The premium rates below can help you visualize the rate fluctuation of buying low and high physical damage coverage deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Chevrolet Corvette insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $528 $1054 $292 $18 $88 $2,005 $167
Corvette GS 2-Dr Coupe $624 $1176 $292 $18 $88 $2,223 $185
Corvette 2-Dr Convertible $624 $1176 $376 $22 $112 $2,335 $195
Corvette GS 2-Dr Convertible $674 $1298 $376 $22 $112 $2,507 $209
Corvette Z06 2-Dr Coupe $674 $1298 $292 $18 $88 $2,395 $200
Corvette ZR1 2-Dr Coupe $870 $1788 $292 $18 $88 $3,081 $257
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Chevrolet Corvette insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $384 $712 $292 $18 $88 $1,494 $125
Corvette GS 2-Dr Coupe $456 $794 $292 $18 $88 $1,648 $137
Corvette 2-Dr Convertible $456 $794 $376 $22 $112 $1,760 $147
Corvette GS 2-Dr Convertible $492 $878 $376 $22 $112 $1,880 $157
Corvette Z06 2-Dr Coupe $492 $878 $292 $18 $88 $1,768 $147
Corvette ZR1 2-Dr Coupe $634 $1208 $292 $18 $88 $2,240 $187
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in Riverside location which can revise rates substantially.

Using the premium rates above, we can conclude that using a $100 deductible costs about $52 more each month or $624 a year averaged for all Corvette models than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 8 months between claim filings, you would more than likely save some money if you decide on a higher deductible.

The diagram below demonstrates how deductibles and can change Chevy Corvette premium costs for different age categories. The data is based on a single female driver, comp and collision included, and no discounts are applied.

Impact of speeding/accidents on Riverside insurance rates

The example below shows how speeding tickets and accident claims can impact Chevy Corvette insurance costs for different insured age categories. The price estimates are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are taken into consideration.

Chevrolet Corvette liability-only versus full coverage

The diagram below shows the difference between Chevy Corvette insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The information is based on no claims or violations, $250 deductibles, single status, and no other discounts are factored in.

Guidelines for dropping full coverage

There is no clear-cut formula for eliminating physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Chevy Corvette settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $3,000 after the deductible is paid. If premiums are more than $300 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are a few situations where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Riverside insurance discounts for a Chevy Corvette

Not too many consumers would say auto insurance is affordable, but you may find discounts that can help lower your rates. Some trigger automatically when you complete an application, but some may not be applied and must be asked for before being credited.Auto insurance discounts

Don’t be surprised that many deductions do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.

The chart below illustrates the comparison of Chevy Corvette insurance costs with and without policy discounts. The premium estimates are based on a female driver, no claims or driving violations, California state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, marriage, multi-policy, and safe-driver discounts applied.

If you would like to choose from a list of providers offering auto insurance discounts in California, click here.

Buying from insurance agencies

Many drivers just want to go talk to an agent and that can be a smart move Most agents are trained risk managers and help file insurance claims. One of the best bonuses of comparing auto insurance online is that drivers can save money and get cheap auto insurance rates but also keep your business local.

After filling out this simple form, your coverage information is emailed to insurance agents in Riverside that give free quotes for your coverage. It’s much easier because you don’t need to find an agent on your own because prices are sent to you directly. If for some reason you want to quote rates from a specific company, you can always visit that company’s website and complete a quote there.

Deciding on an company needs to be determined by more than just a low price. Any agent in Riverside should be willing to answer these questions.

Two types of auto insurance agents

If you are searching for a local agent, it can be helpful to understand the different agency structures that you can select. Agents in Riverside are either independent (non-exclusive) or exclusive. Both types of agents can sell and service auto insurance coverage, but it is a good idea to know the difference in the companies they write for since it may influence which agent you choose.

Exclusive Auto Insurance Agents

Exclusive agencies can only place business with one company such as Allstate, Farmers Insurance or State Farm. These agents are unable to provide other company’s prices so they have no alternatives for high prices. They are highly trained on their company’s products which helps them sell on service rather than price.

Listed below are exclusive insurance agents in Riverside that are able to give comparison quotes.

Jean Sullivan – State Farm Insurance Agent
6511 Brockton AveRiverside, CA 92506(951) 683-3131View Map

4270 Riverwalk Pkwy #110Riverside, CA 92505(951) 549-3900View Map

6560 Van Buren Boulevard aRiverside, CA 92503(951) 689-3700View Map

More Riverside agents

Independent Agencies or Brokers

Agents that choose to be independent do not have single company limitations and that enables them to quote your coverage amongst many companies depending on which coverage is best. If you are not satisfied with one company, they simply move your policy to a different company and you stay with the same agent. When shopping rates, it’s a good idea to include price quotes from several independent insurance agents to have the best price comparison.

Listed below is a list of independent insurance agents in Riverside that can give you rate quotes.

11728 Magnolia Ave Suite BRiverside, CA 92503(951) 202-1871View Map

1355 E Alessandro Blvd # 200Riverside, CA 92508(951) 653-2188View Map

3410 La Sierra AveRiverside, CA 92503(951) 732-7770View Map

More Riverside agents

Your car insurance coverage should be tailored to you

When selecting proper insurance coverage for your personal vehicles, there really isn’t a cookie cutter policy. You are unique and a cookie cutter policy won’t apply.Safe vehicles cost less to insure
For example, these questions might point out whether your personal situation might need an agent’s assistance.

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find 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 is quick, free and you can get the answers you need.

Specific coverages for a Chevy Corvette

Learning about specific coverages of your auto insurance policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages offered by auto insurance companies.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits (California limits are 15/30/5), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Collision coverage – Collision coverage pays for damage to your Corvette resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as crashing into a ditch, hitting a mailbox, sustaining damage from a pot hole and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible on your Corvette in order to get cheaper collision rates.

Medical expense coverage – Coverage for medical payments and/or PIP provide coverage for expenses such as prosthetic devices, funeral costs and dental work. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance – This coverage provides protection from damage that occurs to other’s property or people in an accident. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 15/30/5 which stand for a $15,000 limit per person for injuries, a per accident bodily injury limit of $30,000, and a total limit of $5,000 for damage to vehicles and property.

Liability can pay for things such as emergency aid, attorney fees, loss of income, structural damage and court costs. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford. California requires minimum liability limits of 15/30/5 but you should think about purchasing more coverage.

The illustration below shows why buying the state minimum limits may not be adequate coverage.

Comprehensive protection – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as vandalism, a tree branch falling on your vehicle and damage from flooding. The maximum payout your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Do the work, save more money

Some companies may not have the ability to get quotes online and many times these small insurance companies only sell coverage through independent agents. Cheap Chevy Corvette insurance in Riverside can be bought online in addition to local insurance agencies, so compare prices from both so you have a total pricing picture.

As you restructure your insurance plan, it’s very important that you do not skimp on coverage in order to save money. There have been many situations where an accident victim reduced physical damage coverage only to regret that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.

In this article, we covered some good ideas how you can save on Chevy Corvette insurance in Riverside. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your auto insurance rates. You may even discover the best price on car insurance is with a smaller regional carrier. Smaller companies may have significantly lower auto insurance rates on certain market segments than the large multi-state companies such as Allstate, GEICO and Progressive.

Steps to finding lower priced Chevy Corvette insurance in Riverside

If you want to save money, the best way to get the cheapest Chevy Corvette insurance in Riverside is to compare prices once a year from companies who provide auto insurance in California. Drivers can shop around by following these guidelines.

First, take a little time to learn about how car insurance works and the modifications you can make to keep rates down. Many policy risk factors that result in higher rates like your driving record and a poor credit score can be rectified by paying attention to minor details.

Second, compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like Progressive or Allstate, while agents who are independent can quote prices from multiple insurance companies.

Third, compare the new rates to your existing policy and determine if there is any savings. If you can save some money and make a switch, verify that coverage does not lapse between policies.

Fourth, provide adequate notice to your current company of your intent to cancel your existing policy. Submit a down payment and signed policy application for the new policy. When you receive it, put the new certificate verifying proof of insurance in an accessible location in your vehicle.

A good piece of advice is to compare similar coverage information on every quote and and to look at as many car insurance companies as possible. Doing this ensures a fair rate comparison and a complete selection of prices.

More detailed car insurance information is located by following these links: