Compare Chevy Corvette Insurance Rates in Columbus

Discount Chevy Corvette insuranceIt’s easy to assume that car insurance companies want to keep you from comparing prices. Consumers who shop around will, in all likelihood, buy a different policy because the odds are good of finding a lower-priced company. A survey found that drivers who compared prices regularly saved on average $3,500 over four years as compared to drivers who never compared other company’s rates.

If finding the lowest price on Chevy Corvette insurance in Columbus is the reason you’re here, then having a grasp of how to get rate quotes and compare insurance can make it easier for you to save money.

The best way we recommend to find cheaper prices for Chevy Corvette insurance in Columbus is to start comparing prices yearly from insurance carriers in Ohio. Price quotes can be compared by following these guidelines.

  1. Get a basic knowledge of auto insurance and the things you can change to lower rates. Many factors that cause high rates such as getting speeding tickets and a substandard credit score can be amended by improving your driving habits or financial responsibility.
  2. Compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only quote rates from a single company like Progressive and State Farm, while agents who are independent can provide price quotes for a wide range of insurance providers.
  3. Compare the price quotes to your existing policy and see if there is a cheaper rate in Columbus. If you find a lower rate quote and buy the policy, ensure there is no coverage lapse between policies.
  4. Give proper notification to your current agent or company to cancel your current car insurance policy and submit the required down payment along with the signed application for your new policy. Be sure to put the certificate verifying proof of insurance in an easily accessible location in your vehicle.

A good tip to remember is to try to use the same amount of coverage on every price quote and and to get quotes from as many companies as feasibly possible. This ensures a fair rate comparison and the most accurate and complete price analysis.

Low Cost companies for Chevy Corvette insurance

The providers in the list below can provide free quotes in Columbus, OH. If more than one company is shown, we suggest you click on several of them in order to get a fair rate comparison.

Coverage statistics and figures

The information displayed next showcases estimates of insurance prices for Chevy Corvette models. Being aware of how policy rates are figured can be valuable when making informed decisions when comparing rate quotes.

Chevrolet Corvette Insurance Rates in Columbus, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $154 $310 $144 $10 $44 $662 $55
Corvette GS 2-Dr Coupe $182 $346 $144 $10 $44 $726 $61
Corvette 2-Dr Convertible $182 $346 $186 $10 $56 $780 $65
Corvette GS 2-Dr Convertible $198 $384 $186 $10 $56 $834 $70
Corvette Z06 2-Dr Coupe $198 $384 $144 $10 $44 $780 $65
Corvette ZR1 2-Dr Coupe $254 $528 $144 $10 $44 $980 $82
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Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Price information does not factor in specific Columbus garaging location which can revise coverage prices noticeably.

Analysis of deductible levels

When buying insurance, a common question is the level to set your comp and collision deductibles. The following insurance rates approximate the rate differences when you select higher and lower policy deductibles. The first data set uses a $100 deductible and the second price grid uses a $1,000 deductible.

Chevrolet Corvette insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $270 $542 $150 $10 $44 $1,041 $87
Corvette GS 2-Dr Coupe $320 $604 $150 $10 $44 $1,153 $96
Corvette 2-Dr Convertible $320 $604 $192 $12 $58 $1,211 $101
Corvette GS 2-Dr Convertible $346 $668 $192 $12 $58 $1,301 $108
Corvette Z06 2-Dr Coupe $346 $668 $150 $10 $44 $1,243 $104
Corvette ZR1 2-Dr Coupe $446 $918 $150 $10 $44 $1,593 $133
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Chevrolet Corvette insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $150 $286 $150 $10 $44 $640 $53
Corvette GS 2-Dr Coupe $178 $318 $150 $10 $44 $700 $58
Corvette 2-Dr Convertible $178 $318 $192 $12 $58 $758 $63
Corvette GS 2-Dr Convertible $192 $352 $192 $12 $58 $806 $67
Corvette Z06 2-Dr Coupe $192 $352 $150 $10 $44 $748 $62
Corvette ZR1 2-Dr Coupe $248 $484 $150 $10 $44 $936 $78
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Price information does not factor in vehicle location which can alter premiums noticeably.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $41 more each month or $492 a year than choosing the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 22 months between claim filings, you would most likely save money if you choose a higher deductible. The numbers below show the way this determination is made.

Average monthly premium for $100 deductibles: $105
Average monthly premium for $1,000 deductibles (subtract): – $64
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One important note is that raising deductibles to get cheaper rates means you will have to pay more at claim time. You need to have some extra funds in the event you need to pay the deductible to have repairs made.

The diagram below illustrates how your choice of deductibles and can change Chevy Corvette premium costs for each age group. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

Reckless driving habits raise Columbus insurance rates

The illustration below illustrates how speeding tickets and at-fault claims raise Chevy Corvette insurance prices for different age categories. Data assumes a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

Insurance premiums for males and females

The example below visualizes the comparison of Chevy Corvette insurance prices for male and female drivers. The prices are based on no accidents, no driving violations, full physical damage coverage, $100 deductibles, single status, and no discounts are taken into consideration.

Chevrolet Corvette liability rates compared to full coverage

The illustration below illustrates the difference between Chevy Corvette auto insurance rates with and without full coverage. The premium estimates are based on no claims or driving violations, $250 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop buying physical damage coverage

There is no clear-cut formula to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s say your Chevy Corvette settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $2,000 after you pay the deductible. If you are paying over $200 a year for full coverage, then you might want to think about dropping full coverage.

There are some circumstances where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage.

Auto insurance policy discounts you can’t miss

Auto insurance is not cheap nor is it fun to buy but you might already qualify for some discounts to help offset the cost. Larger premium reductions will be automatically applied at the time of purchase, but occasionally some discounts must be specifically requested before you will receive the discount.

Policy discounts save money, but some of the credits will not apply to the entire cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think it’s possible to get free car insurance, that’s just not realistic.

The diagram below shows the difference between Chevy Corvette insurance premiums with and without discounts applied to the policy premium. The data assumes a female driver, no driving violations, no at-fault accidents, Ohio state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, homeowner, multi-car, and multi-policy discounts applied.

Some of the insurance companies who may offer these benefits are:

If you want affordable Chevrolet Corvette insurance quotes, ask all the companies to apply every possible discount. Some of the discounts discussed earlier may not apply in every state.

Independent and exclusive auto insurance agents

Many drivers would rather get advice from a local agent and that is a smart decision Good insurance agents are trained to spot inefficiencies and help submit paperwork. The best thing about comparing rates online is that you can find the best rates and still have a local agent. And buying from small agencies is still important in Columbus.

Insurance agency in ColumbusOnce you complete this quick form, your coverage information is emailed to insurance agents in Columbus who will return price quotes to get your business. There is no need to find an agent on your own because quoted prices will be sent immediately to your email address. In the event you want to get a comparison quote from a particular provider, you would need to go to their quote page and complete a quote there.

If you want a local agent, there are a couple of different types of agencies and how they differ in how they quote coverages. Agents are either exclusive or independent (non-exclusive). Either one can write auto insurance policies, but it is important to understand the differences since it may influence the selection process.

Independent Auto Insurance Agencies or Brokers

These agents do not write with just one company so they have the ability to put coverage through lots of different companies and get you the best rates possible. If your premiums go up, they simply move the coverage in-house and you won’t have to switch agencies.

If you are comparing auto insurance prices, you absolutely need to check rates from at least one independent agent to ensure the widest selection of prices.

Featured below is a small list of independent agents in Columbus that may be able to give you cheap rate quotes.

1 W Nationwide BlvdColumbus, OH 43215(614) 249-2141View Map

1205 Hill Rd NPickerington, OH 43147(614) 861-3100View Map

29 Frederick StColumbus, OH 43206(614) 443-0533View Map

More Columbus agents

Exclusive Insurance Agents

Exclusive agents can only provide pricing for a single company such as Allstate, State Farm and Farmers Insurance. They usually cannot provide prices from multiple companies so they really need to provide good service. Exclusive insurance agents are trained well on their products and sales techniques and that can be a competitive advantage.

The following is a short list of exclusive insurance agents in Columbus who can help you get price quote information.

1500 S Hamilton RdColumbus, OH 43227(614) 864-1050View Map

3246 Noe Bixby RdColumbus, OH 43232(614) 837-4379View Map

9039 Antares Ave, Ste D-1AColumbus, OH 43240(614) 985-6123View Map

More Columbus agents

Picking a insurance agency shouldn’t rely on just a low price. Here are some questions to ask:

One last thing about your coverage

We just presented a lot of tips how to lower your Chevy Corvette insurance rates in Columbus. The key concept to understand is the more quotes you get, the better your comparison will be. Drivers may even discover the biggest savings come from a smaller regional carrier. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.

Cheaper Chevy Corvette insurance in Columbus is attainable from both online companies and from local agencies, and you need to comparison shop both in order to have the best price selection to choose from. There are still a few companies who may not offer the ability to get quotes online and these smaller companies only sell through independent agents.

More tips and info about auto insurance is located in the articles below: