Are you doing reasearch to find more affordable Chevy Corvette insurance in Houston? There isn’t anyone who looks forward to paying premiums for auto insurance, especially when the cost is too high.
Sad but true, a large majority of consumers have been with the same company for a minimum of four years, and roughly 40% of drivers have never quoted auto insurance rates at all. The average driver in Texas can save nearly 70% each year, but they just don’t want to compare rates.
Companies like State Farm, Allstate, GEICO and Progressive all promote huge savings with fancy advertisements and it is difficult to ignore the flashy ads and find the best price available.
It’s a good habit to compare prices every six months because auto insurance rates are adjusted regularly by insurance companies. Even if you think you had the best premium rates on Chevy Corvette insurance in Houston last year there may be better deals available now. You’ll find quite a bit of inaccurate information about Corvette insurance online but we’re going to give you some excellent ideas to lower your auto insurance bill.
If you already have coverage, you will surely be able to cut your premiums using the ideas covered in this article. Buying the cheapest insurance in Houston can be easy if you know a few tricks. Although Texas drivers need to have an understanding of the way companies market insurance on the web because it varies considerably.
Why Your Insurance Premiums might be higher
Lots of things are considered when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, but others are less apparent such as your credit history or how financially stable you are.
The type of vehicle you drive affects your rates – The make and model of the car you drive makes a huge difference in the rate you pay. The cheapest rates are generally reserved for smaller low performance passenger models, but the final cost of insurance is determined by many other factors. Because the Chevrolet Corvette is classified as a luxury sports car, rates will be up to twice as much as compared to the average rate in Houston.
With age comes responsibility – More mature drivers are shown to be more cautious, file fewer claims, and receive fewer citations.Beginning drivers are known to be inattentive and easily distracted when driving therefore insurance rates are much higher.
Job and insurance premiums – Occupations like military personnel, air traffic controllers, and stock brokers are shown to have the highest average rates due to intense work requirements and lots of time spent away from family. On the flip side, occupations such as actors, historians and performers have the lowest average rates.
Additional coverages that may be costing you – There are quite a few extra bells and whistles that can waste your money on your insurance policy. Coverage for things like vanishing deductibles, high-cost glass coverage, and additional equipment coverage may be wasting your money. These coverages may sound good initially, but if you don’t need them eliminate the coverages to reduce your premium.
Location can impact price – Having an address in less populated areas can be a good thing if you are looking for the lowest rates. Fewer drivers on the road means less chance of accidents and lower theft and vandalism rates. People in densely populated areas regularly have more aggressive driving styles and much longer commute distances. Longer commute distances translates into higher accident risk.
Annual miles is a factor – The more you drive your Chevy every year the higher your rates will be. Almost all companies charge rates determined by how the vehicle is used. Vehicles used primarily for pleasure use get more affordable rates than those used for commuting. Double check that your insurance policy is rated on the correct driver usage. Having an incorrect usage rating on your Corvette may be costing you.
Single vs. married – Being married can get you a discount on your insurance policy. Marriage demonstrates that you tend to be more mature and responsible and statistics prove being married results in fewer claims.
Do you qualify for a multi-policy discount? – Lots of insurance companies will give discounts to clients that have more than one policy such as combining an auto and homeowners policy. Even with this discount, you may still want to compare Chevy Corvette rates in Houston to guarantee you are still saving the most.
Chevy Corvette claim probability – Car insurance companies use claims history in order to profitably underwrite each model. Vehicles that are shown to have higher claim amounts or frequency will have higher premium rates. The table shown below demonstrates the compiled insurance loss statistics for Chevy Corvette vehicles.
For each policy coverage, the statistical loss for all vehicles, as a total average, is set at 100. Values under 100 indicate a favorable loss history, while values over 100 indicate more frequent claims or an increased probability of a larger loss.
Chevrolet Corvette Insurance Loss Statistics
|Make and 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
Statistics from IIHS.org for 2013-2015 Model Years
All the larger auto insurance companies provide pricing online. Getting online rates for Chevy Corvette insurance in Houston is very simple as all you need to do is type in the amount of coverage you want into the form. After you submit the form the company’s rating system makes automated requests for your credit score and driving record and returns pricing information based on these and other factors. Getting online price quotes for Chevy Corvette insurance in Houston makes it simple to compare prices and it’s absolutely necessary to have as many quotes as possible if you are searching for the cheapest price possible.
To save time and find out how much you can save on auto insurance, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended you duplicate the insurance coverages identical to your current policy. This makes sure you will have rate comparison quotes based on similar coverages.
The following companies are our best choices to provide free quotes in Texas. If multiple companies are shown, it’s a good idea that you get prices from several of them to find the cheapest auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Corvette 2-Dr Coupe||$354||$772||$242||$14||$72||$1,454||$121|
|Corvette GS 2-Dr Coupe||$372||$706||$236||$14||$70||$1,398||$117|
|Corvette 2-Dr Convertible||$386||$788||$392||$24||$118||$1,708||$142|
|Corvette GS 2-Dr Convertible||$646||$1378||$438||$26||$130||$2,618||$218|
|Corvette Z06 2-Dr Coupe||$278||$608||$284||$16||$86||$1,272||$106|
|Corvette ZR1 2-Dr Coupe||$644||$1512||$284||$16||$86||$2,542||$212|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Price estimates do not factor in garaging location in Houston which can decrease or increase rates greatly.
Careless driving habits raise Houston auto insurance rates
The example below highlights how speeding tickets and accidents can increase Chevrolet Corvette auto insurance rates for different age groups. The rate quotes are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no additional discounts are factored in.
Be skeptical of car insurance ads
Popular car insurance providers such as State Farm, Allstate and GEICO seem to constantly run television, radio, and online ads. All the ads seem to make the promise of big savings just by moving your coverage to them. Is it even possible that every company can offer drivers better rates? Here is how they do it.
Companies have underwriting criteria for the type of driver that is profitable for them. A good example of a driver they prefer may need to be between 30 and 50, has few claims, and has great credit. A propective insured who matches those parameters will most likely get cheap premium rates and will probably save when they switch companies.
Potential customers who don’t meet these standards will probably be forced to pay higher premiums and this can result in the customer buying from a different company. The trick companies use is to say “customers who switch” but not “all drivers who get quotes” can get the lowest rates when switching. This is how companies can make those statements. Because of these techniques, drivers should compare free Houston auto insurance quotes often. Because you cannot predict which insurance companies will have the lowest rate quotes.
Auto insurance is not optional
Despite the high cost of buying insurance for a Chevy Corvette in Houston, maintaining insurance is required in Texas but it also protects you in many ways.
First, the majority of states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance coverage in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if your Corvette has a lien holder, more than likely the lender will make it a condition of the loan that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank will be required to insure your Chevy at a more expensive rate and force you to pay a much higher amount than you were paying before.
Third, auto insurance preserves not only your vehicle but also your assets. It will also pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses in the event you are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance are without a doubt worth the cost, especially if you ever need it. An average driver in America is currently overpaying as much as $865 each year so you should quote rates at least once a year to save money.
Lower-cost Houston insurance rates with discounts
Not many people think insurance is cheap, but discounts can save money and there are some available that you may not even know about. Some discounts apply automatically at the time of purchase, but some discounts are required to be manually applied before they will apply.
- Resident Student – College-age children living away from Houston attending college and do not have a car could qualify for this discount.
- Auto/Life Discount – Companies who offer life insurance give a discount if you purchase life insurance.
- Home Ownership Discount – Simply owning a home may earn you a small savings due to the fact that maintaining a home is proof of financial responsibility.
- No Charge for an Accident – This one isn’t a discount, but some companies like Allstate, State Farm and GEICO may permit one accident before raising your premiums so long as you are claim-free prior to being involved in the accident.
- Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts may get savings of 20% or more.
- Switch and Save Discount – Some insurance companies give discounts for switching to them early. It could save around 10% when you buy Houston auto insurance online.
A little note about advertised discounts, some credits don’t apply to the whole policy. A few only apply to the cost of specific coverages such as comprehensive or collision. Even though the math looks like all the discounts add up to a free policy, insurance companies aren’t that generous.
To find insurance companies with discount insurance rates in Houston, click here.
Car insurance agents can help
A small number of people still like to sit down and talk to an agent and that can be a great decision One of the best bonuses of comparing rates online is you may find cheap auto insurance rates but still work with a licensed agent.
By using this form (opens in new window), your coverage information is immediately sent to insurance agents in Houston who will give you bids for your coverage. You won’t even need to leave your computer because quoted prices will be sent immediately to you. You can find the lowest rates AND a local agent. If for some reason you want to get a comparison quote from a specific auto insurance provider, don’t hesitate to search and find their rate quote page and fill out their quote form.
Finding the right insurance company needs to be determined by more than just the premium amount. Before buying a policy in Houston, get answers to these questions.
- Do they get paid more for recommending certain coverages?
- Do they see any coverage gaps in your plan?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Does the quote include credit and driving reports?
- Are claim adjusters local or do you have to take your car somewhere else?
- What are their preferred companies if they are an independent agency?
- How many companies do they write for?
- Is the agent and/or agency licensed to do business in Texas?
When researching a local agent, you must know there are a couple types of insurance agents and how they are slightly different. Auto insurance agents in Houston can be classified as either exclusive or independent (non-exclusive).
Exclusive Insurance Agencies
Exclusive insurance agents are contracted to one company like AAA, State Farm, Farmers Insurance, and Allstate. These agents are not able to compare rates from other companies so they have no alternatives for high prices. Exclusive agencies are usually quite knowledgeable on their products and sales techniques which helps overcome the inability to quote other rates.
The following is a short list of exclusive insurance agents in Houston willing to provide comparison quotes.
Allstate Insurance: Harris County Insurance Agency
13030 Woodforest Blvd b – Houston, TX 77015 – (713) 451-5716 – View Map
Independent Agents (or Brokers)
Independent insurance agents often have affiliation with several companies so they have the ability to put coverage with any number of different companies and find you cheaper rates. If prices rise, the business is moved internally which is easy for the insured.
When comparing auto insurance prices, you need to get insurance quotes from several independent insurance agents to get the most accurate price comparison.
Below is a short list of independent agencies in Houston that are able to give rate quotes.
Which policy gives me the best coverage?
When selecting coverage online or from an agent, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.
For example, these questions may help highlight if your situation might need professional guidance.
- Should I buy only the required Texas minimum liability coverage?
- Why do I need rental car insurance?
- Am I covered when pulling a rental trailer?
- Can my babysitter drive my car?
- Exactly who is provided coverage by my policy?
- Am I covered when using my vehicle for business?
- Does coverage extend to Mexico or Canada?
If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form.
Quote. Compare. Save.
As you restructure your insurance plan, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The aim is to get the best coverage possible at the best possible price, but do not skimp to save money.
People change insurance companies for a variety of reasons including delays in responding to claim requests, policy non-renewal, policy cancellation and even being labeled a high risk driver. Regardless of your reason for switching companies, finding a new auto insurance company is not as difficult as it may seem.
Some insurance providers may not provide rates over the internet and most of the time these smaller providers provide coverage only through independent agencies. Budget-conscious Chevy Corvette insurance can be purchased on the web as well as from independent agents in Houston, so you should compare both to have the best rate selection.
Additional auto insurance information is located below:
- What is a Telematics Device? (Allstate)
- How Much is Car Insurance for a Ford Fusion in Houston? (FAQ)
- Who Has the Cheapest Car Insurance Rates for 4×4 Vehicles in Houston? (FAQ)
- Who Has Affordable Auto Insurance Quotes for a Ford Explorer in Houston? (FAQ)
- How Much are Car Insurance Quotes for Business Use in Houston? (FAQ)
- What Auto Insurance is Cheapest for Uber Drivers in Houston? (FAQ)
- Who Has Affordable Houston Auto Insurance for a Subaru Outback? (FAQ)
- How Much are Auto Insurance Quotes for Drivers with a DUI in Houston? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)