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Corvette Insurance whats the difference? Corvette insurance is often not as expensive as you might think (see our reviews below)!
These are exact quotes, times and our opinions we researched for your reference from top insurance company's. These are the costs to insure a Corvette using the above variables. No two quotes will be exactly the same so we suggest clicking on the Reviewed Company logo and checking for yourself. Prices and discounts will vary greatly by age, state, driving record etc. These will give you an idea of the costs and the importance of shopping around.
Reviewed Insurance Quote Company
|Time for Quote (Minutes)||What We Liked||What We Didn't Like|
Allstate - Auto Insurance Quote
|15 Min||Easy online experience, nice preset insurance coverages. Already knew what cars we owned. Lots of discounts.||A little long to complete compared to the others and higher price. You may get more discounts then what we entered.|
21st Century Insurance Company Quote
|5 Min||Faster quote time, easier, better price then Allstate.||Quoted coverage page was hard to compare with others. Not many preset coverages but customizable.|
By nature a collector car will be covered by insurance different than a newer Corvette. Agreed value, limited usage, safer storage places all effect the price you pay for classic Car Insurance. The Benefits are large and worth investigating. One of the leading Classic car Insurance Companies "Hagerty" Specilizes in older Corvettes.
Low annual premiums
A customized policy
Vehicle Under Construction Protection
Spare Parts Coverage
With standard, mainstream Corvette insurance policies, valuation for coverage is based on "actual cash value," which is basically book value minus depreciation, but for a collectible car, whether it's been lovingly restored, or merely has a host of aftermarket parts, "agreed value," is in which you and the insurer review the car in question and set the value of coverage. This is the way to go for such a Corvette insurance need. Don't even consider any other valuation. Unlimited Usage: This would be the best insurance feature to have if your Corvette is one you actually drive, you'll want to find a collector car insurer that doesn't restrict the amount of miles you're allowed to drive in a year. Contrary to popular opinion, there are a few that offer unrestricted mileage, and there are more who offer fairly generous mileage allowances.
* Liability Coverage: Some specialty insurers treat collectible cars like art pieces, instead of automobiles, so you'll want to make sure the policy you select includes liability coverage, for those times when you are driving. You'll need this anyway, to keep your Corvette street legal. It's important to be certain that the liability insurance doesn't require you to be IN the vehicle, as well. Some specialty insurers won't cover accidents or thefts that happen in the parking lot while you're in a restaurant.
* Show Coverage: If you participate in car shows, you should ask about special show coverage that will reimburse you if you're stranded en route, and cover your tools and trailers if you tow your car to events, instead of driving it.
* Additional Car Coverage: Most collector car insurance gives you a price break - and in some cases the first 30 days free - when you wish to add a second car to your policy. If you are the type to never settle for just one collectible car, be sure this is a policy feature with the company you choose.
* Low Deductibles: Even though your car is a sports car, as the owner of a collectible you are a low-risk driver. You probably have a clean driving record, without any tickets - even speeding tickets - for at least three years, and you also probably have a significant amount of experience so be sure that your collectible policy has a low deductible. If you don't drive your car very often, you may even be able to find a policy that has no deductible.