The recommended way to get discount car insurance rates is to start doing an annual price comparison from insurers that insure vehicles in Orlando. Rates can be compared by following these guidelines.
- Gain an understanding of auto insurance and the things you can control to prevent rate increases. Many things that result in higher prices such as traffic tickets, fender benders, and a less-than-favorable credit score can be remedied by making small lifestyle or driving habit changes.
- Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like GEICO and Allstate, while independent agents can quote prices for a wide range of insurance providers.
- Compare the new rates to the premium of your current policy to determine if you can save on Corvette insurance in Orlando. If you find a lower rate and change companies, make sure coverage does not lapse between policies.
- Give notification to your agent or company of your decision to cancel your current auto insurance policy and submit the signed application along with the required initial payment to the newly selected company. Immediately upon receiving it, place the new proof of insurance certificate in your vehicle’s glove compartment or console.
One key aspect when comparing rates is that you’ll want to make sure you compare identical deductibles and limits on every quote and and to get quotes from as many car insurance companies as possible. This guarantees a fair rate comparison and maximum price selection.
Remarkably, a study showed that a large majority of drivers kept their policy with the same company for more than four years, and approximately 38% of consumers have never compared rates from other carriers. Orlando insurance shoppers could cut their rates by up to 55% a year, but they mistakenly think it’s difficult to shop their coverage around.
If you have a policy now or are looking for a new policy, take advantage of these tips to reduce premiums without reducing coverage. These techniques will let you in on how insurance works and some money-saving tips. Vehicle owners only need to know the proper way to buy auto insurance online.
Five Things That Impact Your Insurance Premiums
Lots of factors are used in the calculation when you get your auto insurance bill. Some are obvious such as traffic violations, but other criteria are less obvious such as your marital status or how financially stable you are.
The factors shown below are some of the most common factors auto insurance companies consider when setting your rates.
- Stress out and pay more – Occupations such as military generals, executives, and miners are shown to have higher premium rates because of stressful work requirements and extremely grueling work hours. Conversely, jobs like actors, historians and homemakers have the lowest average rates.
- Deductibles are a factor – Insurance for physical damage, also called ‘full coverage’, protects your Chevy from damage. Some examples of claims that would be covered are a broken windshield, flood damage, and damage from a fallen tree branch. Comp and collision deductibles state the amount of money the insured will be required to pay if a claim is determined to be covered. The more of the claim you’re willing to pay, the less money you will pay for auto insurance.
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What type of vehicle do you drive? – The performance of the car you need to insure makes a substantial difference in your car insurance bill. Lower performance four cylinder passenger models generally have the cheapest insurance rates, but that’s not the only thing that factors into the final price.
The following data uses these variables: married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It shows Chevrolet Corvette policy rates compared to other vehicles that have a range of performance rating factors.
- Mileage impacts costs – The more you drive your Chevy each year the more you’ll pay to insure your vehicle. Most insurance companies rate vehicles based on their usage. Vehicles that sit idle most of the time cost less to insure than cars that get driven a lot. Incorrect rating for your Corvette may be costing you. It’s a good idea to make sure your declarations sheet properly reflects how each vehicle is driven, because it can save money.
- Do you qualify for a multi-policy discount? – Lots of insurers give discounts for people who have multiple policies with them, otherwise known as a multi-policy discount. Even if you already get this discount, consumers should still compare other Orlando Corvette insurance rates to make sure you are getting the best deal. Drivers may still find a better deal even if you insure with multiple companies
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Chevy Corvette insurance claim data – Auto insurance companies use data from past claims as a way to help calculate a profitable premium rate. Vehicles that the data shows to have increased losses will cost more for coverage. The information below illustrates the loss history for Chevy Corvette vehicles.
For each policy coverage, the claim amount for all vehicles, as an average, is set at 100. Numbers under 100 represent a good loss history, while values over 100 indicate higher probability of having a loss or larger claims.
Chevrolet Corvette Insurance Loss Statistics Vehicle 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Many insurance companies such as Progressive, Allstate and GEICO allow you to get price estimates on the web. Getting quotes for Chevy Corvette insurance in Orlando is easy for anyone as you just type in your coverage preferences as requested by the quote form. After you submit the form the company’s rating system orders information on your driving record and credit history and gives you a price quote based on the information you submitted.
Using the web to get price quotes for Chevy Corvette insurance in Orlando makes it a lot easier to compare rates and it is imperative to have as many quotes as possible if you are searching for the cheapest price.
If you want to find out how much you’re overpaying now, visit the companies below or click here to submit a quote request to multiple companies at once. If you have a policy now, it’s recommended you enter the limits and deductibles exactly as shown on your declarations page. This guarantees you’re receiving rate quotes using the same coverage and limits.
The companies shown below offer price quotes in Florida. If multiple companies are listed, we recommend you get rate quotes from several of them in order to get a fair rate comparison.
Insurance coverage analysis
The information below showcases detailed analysis of prices for Chevy Corvette models. Having a good understanding how insurance premiums are calculated is important to be able to make smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $428 | $974 | $290 | $18 | $86 | $1,796 | $150 |
| Corvette GS 2-Dr Coupe | $508 | $1088 | $290 | $18 | $86 | $1,990 | $166 |
| Corvette 2-Dr Convertible | $508 | $1088 | $372 | $22 | $112 | $2,102 | $175 |
| Corvette GS 2-Dr Convertible | $548 | $1202 | $372 | $22 | $112 | $2,256 | $188 |
| Corvette Z06 2-Dr Coupe | $548 | $1202 | $290 | $18 | $86 | $2,144 | $179 |
| Corvette ZR1 2-Dr Coupe | $706 | $1654 | $290 | $18 | $86 | $2,754 | $230 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Rate information does not factor in specific location which can raise or lower coverage prices considerably.
Deductible comparison
A question often asked by Orlando drivers is how high should your deductibles be. The data tables below help summarize how much more you’ll pay between low and high coverage deductibles. The first set of prices uses a $250 physical damage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $446 | $834 | $276 | $16 | $82 | $1,679 | $140 |
| Corvette GS 2-Dr Coupe | $530 | $930 | $276 | $16 | $82 | $1,859 | $155 |
| Corvette 2-Dr Convertible | $530 | $930 | $354 | $20 | $106 | $1,965 | $164 |
| Corvette GS 2-Dr Convertible | $572 | $1028 | $354 | $20 | $106 | $2,105 | $175 |
| Corvette Z06 2-Dr Coupe | $572 | $1028 | $276 | $16 | $82 | $1,999 | $167 |
| Corvette ZR1 2-Dr Coupe | $738 | $1414 | $276 | $16 | $82 | $2,551 | $213 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $276 | $524 | $276 | $16 | $82 | $1,174 | $98 |
| Corvette GS 2-Dr Coupe | $328 | $586 | $276 | $16 | $82 | $1,288 | $107 |
| Corvette 2-Dr Convertible | $328 | $586 | $354 | $20 | $106 | $1,394 | $116 |
| Corvette GS 2-Dr Convertible | $352 | $646 | $354 | $20 | $106 | $1,478 | $123 |
| Corvette Z06 2-Dr Coupe | $352 | $646 | $276 | $16 | $82 | $1,372 | $114 |
| Corvette ZR1 2-Dr Coupe | $456 | $890 | $276 | $16 | $82 | $1,720 | $143 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Price information does not factor in your specific Orlando location which can change premiums significantly.
Based on these figures, using a $250 deductible costs approximately $52 more each month or $624 a year averaged for all Corvette models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 14 months between claims, you would probably come out ahead if you choose a higher deductible. The table below shows how you can make this decision for your own policy.
| Average monthly premium for $250 deductibles: | $169 |
| Average monthly premium for $1,000 deductibles (subtract): | – $117 |
| Monthly savings from raising deductible: | $52 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $52 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
The illustration below shows how choosing a deductible and can raise or lower Chevy Corvette annual premium costs for each age group. The premiums are based on a married male driver, full physical damage coverage, and no discounts are applied.
Violations and accidents raise rates
The chart below highlights how speeding tickets and at-fault fender-benders drive up Chevy Corvette premium costs for different ages of insureds. The prices are based on a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
Why you need quality insurance for your Chevy vehicle
Even though it can be expensive, insuring your vehicle is not optional due to several reasons.
- Almost all states have mandatory insurance requirements which means state laws require a minimum amount of liability protection in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your vehicle, 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 default on your policy, the lender may insure your Chevy for a much higher rate and force you to reimburse them a much higher amount than you were paying before.
- Auto insurance protects not only your vehicle but also your financial assets. Insurance will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are named as a defendant in an auto accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your Corvette more than cancel out the cost, particularly for liability claims. According to a recent study, the average American driver overpays more than $825 a year so you should quote rates at every renewal to save money.
Get cheaper Chevy Corvette insurance in Orlando with discounts
Not many people think insurance is cheap, but you may qualify for discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically when you get a quote, but some discounts are required to be inquired about prior to receiving the credit.
- Pay Early and Save – By making one initial payment rather than spreading payments over time you can avoid monthly service charges.
- Seat Belt Usage – Drivers who require all vehicle occupants to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
- Cautious Drivers – Insureds without accidents can pay as much as 50% less as compared to drivers with claims.
- Save with a New Car – Insuring a vehicle that is new can get you a discount because new model year vehicles keep occupants safer.
- Early Switch Discount – Select companies give a discount for switching companies prior to your current Corvette insurance policy expiring. This discount can save up to 10%.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes are much safer to drive and qualify for as much as a 10% discount.
Don’t be shocked that most credits do not apply to the overall cost of the policy. A few only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like it’s possible to get free car insurance, it’s just not the way it works.
The diagram below shows the comparison of Chevy Corvette annual premium costs with and without discounts applied to the policy premium. The premiums are based on a male driver, a clean driving record, no claims, Florida state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, marriage, homeowner, and safe-driver discounts applied.
To see a list of insurance companies with the best Chevy Corvette insurance discounts in Orlando in Orlando, follow this link.
What if I want to buy from local Orlando car insurance agents?
Certain consumers prefer to sit down with an agent and that can be a smart move Licensed agents can make sure you are properly covered and give you someone to call. A nice benefit of comparing rates online is the fact that drivers can get the lowest rates and still have a local agent. Supporting local agents is still important in Orlando.
To help locate an agent, after submitting this quick form, the coverage information is submitted to agents in your area who can give free rate quotes and help you find cheaper coverage. It makes it easy because there is no need to leave your house since price quotes are sent immediately to your email address. If for some reason you want to compare prices from one company in particular, you can always go to their quote page and fill out the quote form the provide.
Choose the right car insurance agent
If you’re trying to find a reputable insurance agent or broker, there are a couple of types of agencies and how they can quote your rates. Car insurance agents are categorized either independent (non-exclusive) or exclusive. Both types can sell car insurance policies, but it’s good to learn how they differ since it can impact buying decisions.
Independent Agents
Independent agents do not sell for just one brand and that gives them the ability to insure through lots of different companies enabling the ability to shop coverage around. If they quote lower rates, they simply move your policy to a different company which makes it simple for you.
If you need lower rates, you should always include price quotes from multiple independent agents to get the best comparison. Most have the option of insuring with smaller regional carriers that may provide cheaper car insurance rates.
Featured below is a small list of independent insurance agents in Orlando that may be able to give you price quotes.
- Orlando Insurance Agency
5764 N Orange Blossom Trail – Orlando, FL 32810 – (407) 901-2103 – View Map - Independent Insurance Agents
845 N Fern Creek Ave – Orlando, FL 32803 – (407) 898-0461 – View Map - Bud Redditt Insurance Agency Inc
1716 W Colonial Dr – Orlando, FL 32804 – (407) 855-6797 – View Map
Exclusive Agents
These agents can only place business with one company and examples are Farmers Insurance, American Family, State Farm and Allstate. They are unable to shop your coverage around so always compare other rates. Exclusive agencies are well trained in insurance sales which helps them compete with independent agents. Drivers often buy from exclusive agents mostly because of the prominent brand name and solid financial strength.
The following is a short list of exclusive insurance agencies in Orlando that are able to give price quotes.
- Mike Broschart – State Farm Insurance Agent
4638 S Kirkman Rd – Orlando, FL 32811 – (407) 298-2700 – View Map - Allstate Insurance: Luis T. Martell
7800 W Sand Lake Rd #201 – Orlando, FL 32819 – (407) 522-9293 – View Map - Lorenzo Hayward – State Farm Insurance Agent
5218 W Colonial Dr – Orlando, FL 32808 – (407) 299-4642 – View Map
Finding the right insurance agency needs to be determined by more than just a cheap price quote. You should also get answers to these questions.
- In the event of vehicle damage, can you pick the collision repair facility?
- Is there a local claims center in Orlando?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Are they able to provide referrals?
- Do the companies they represent have a solid financial rating?
- Can you contact them at any time?
- How long have they worked with personal auto insurance coverage?
How do I know if I need professional advice?
When it comes to buying the best insurance coverage, there really is not a “perfect” insurance plan. Everyone’s needs are different.
These are some specific questions may help highlight whether your personal situation could use an agent’s help.
- Why are teen drivers so expensive to add on to my policy?
- Do I need rental car coverage?
- When can I cancel my policy?
- Are combined or split liability limits better?
- Is a fancy paint job covered?
- What is motorclub and do I need it?
- Can I drive in Mexico and have coverage?
If you’re not sure about those questions, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form. It’s fast, doesn’t cost anything and can provide invaluable advice.
Persistent drivers can save
When shopping online for auto insurance, make sure you don’t skimp on coverage in order to save money. There are too many instances where drivers have reduced collision coverage only to regret they didn’t purchase enough coverage. The goal is to purchase plenty of coverage at an affordable rate and still be able to protect your assets.
Cost effective Chevy Corvette insurance is definitely available online and also from your neighborhood Orlando agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies may not have internet price quotes and many times these regional insurance providers sell through independent agents.
You just read a lot of information how to shop for Chevy Corvette insurance online. The key thing to remember is the more price quotes you have, the higher your chance of finding inexpensive Orlando car insurance quotes. Drivers may even discover the most savings is with a small mutual company.
To read more, take a look at the resources below:
- Uninsured Motorist Statistics (Insurance Information Institute)
- How Much are Auto Insurance Rates for a Toyota RAV4 in Orlando? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
- Prom Night Tips for Teen Drivers (State Farm)