Find Cheaper Chevy Corvette Insurance in Mesa

It’s a known fact that insurance companies don’t want customers comparing rates. Drivers who get comparison quotes once a year will most likely switch companies because they have good chances of finding a cheaper policy. A survey found that drivers who make a habit of shopping around saved approximately $72 a month compared to other drivers who never shopped around for lower prices.

If finding the cheapest rates on Chevy Corvette insurance is your ultimate target, learning how to choose a company and compare cheaper coverage can make shopping around easier.

Insurance for Chevy CorvetteIf your goal is the lowest price, then the best way to get more affordable auto insurance rates is to start comparing prices regularly from companies in Mesa.

One key aspect when comparing rates is to make sure you’re comparing similar limits and deductibles on each quote and and to get rates from as many companies as feasibly possible. Doing this ensures the most accurate price comparison and plenty of rates choose from.

If you are insured now or just want to save money, you can use this information to buy cheaper auto insurance and possibly find even better coverage. Buying the cheapest auto insurance in Mesa is much easier if you know where to start. Drivers only have to learn the most time-saving way to quote multiple rates from many companies at once.

Eight factors that influence insurance rates

A large part of saving on insurance is knowing a few of the rating criteria that come into play when calculating your insurance rates. If you have some idea of what impacts premium levels, this enables informed choices that can help you get much lower annual insurance costs.

Gaps in coverage mean higher rates – Not having insurance is against the law and any future policy may cost more because you let your insurance lapse. Not only will you pay more, failure to provide proof of insurance can result in a steep fine or even jail time.

Do you save by driving less? – Driving more miles annually the higher your rates will be. The majority of insurers charge to insure your cars based upon how much you drive. Cars and trucks not used for work or commuting receive better premium rates than those used for commuting. Ask your agent if your policy is rated on how each vehicle is driven, because it can save money. Having the wrong rating on your Corvette may be wasting your money.

Get a ticket, pay higher rates – How you drive impacts your car insurance rates tremendously. Drivers with clean records get better prices than their less careful counterparts. Getting just one ticket could increase your next policy renewal by as much as thirty percent. People who have severe tickets like reckless driving or DUI may face state-mandated requirements to file a SR-22 with their state in order to keep their license.

The illustration below demonstrates how speeding tickets and accidents raise Chevy Corvette insurance rates for different age groups. The rate quotes are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.

Vehicle features impact premiums – Owning a car that has an advanced theft prevention system can earn a premium discount. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder vehicle theft.

More performance means more cost – The performance of the car you own makes a significant difference in determining your rates. The lowest performance passenger cars generally receive the lowest base rates, but that’s not the only thing that factors into the final price.

The chart below assumes a single female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It shows Chevrolet Corvette car insurance rates compared to other makes and models that have a range of performances.

Is insurance cheaper for men or women? – Statistics have proven that females tend to be a little less risky than males. This data doesn’t prove that females are better at driving than males. Women and men are in fender benders at about the same rate, but guys have accidents that have higher claims. In addition to higher claims, males also get higher numbers of serious violations like driving under the influence (DUI).

The illustration below visualizes the comparison of Chevy Corvette insurance premiums for male and female drivers. The data assumes a clean driving record, no at-fault accidents, full coverage, $100 deductibles, drivers are not married, and no policy discounts are applied.

Certain occupations pay higher prices – Did you know your insurance rates can be affected by your occupation? Occupations such as military personnel, business owners, and emergency personnel usually pay higher average rates because of high stress levels and long work hours. On the other hand, careers such as scientists, athletes and retirees pay lower than average rates.

Rates can drop if you have more than one policy – Lots of insurance companies apply lower prices to insureds who carry more than one policy in the form of a multi-policy discount. This can amount to ten or even fifteen percent. Even with this discount applied, it’s in your best interest to check prices from other companies to ensure the best deal. Drivers may still find lower rates by buying insurance from more than one company.

Insurance losses for a Chevy Corvette – Insurance companies study historical loss data when setting premium prices. Models that historically have higher number or severity of losses will have a higher premium rate. The table shown below demonstrates the loss history for Chevy Corvette vehicles.

For each policy coverage, the statistical loss for all vehicles averaged together equals 100. Percentages below 100 indicate better than average losses, while numbers above 100 point to more losses or statistically larger claims.

Chevrolet Corvette Insurance Claim 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 Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Low cost Mesa Chevy Corvette insurance quotes online

Getting low cost Chevy Corvette car insurance pricing can be relatively painless. All that’s required is to invest a few minutes to get quotes online with multiple companies.

It’s so simple to compare car insurance rates online replaces the need to drive to local Mesa insurance agencies. Shopping for car insurance online eliminates the middleman unless you prefer the professional guidance of a local Mesa agent. If you prefer, some companies allow you to comparison shop online but purchase the actual policy in an agency.

The car insurance companies shown below have been selected to offer price comparisons in Arizona. To buy cheap auto insurance in Mesa, AZ, we recommend you get rate quotes from several of them in order to find the lowest rates.

Rates and statistics

The information shown next showcases estimates of rate quotes for Chevy Corvette models. Having a good grasp of how policy premiums are determined is important for drivers to make informed decisions when comparing rates.

Chevrolet Corvette Insurance Rates in Mesa, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $226 $376 $260 $16 $78 $956 $80
Corvette GS 2-Dr Coupe $268 $420 $260 $16 $78 $1,042 $87
Corvette 2-Dr Convertible $268 $420 $334 $20 $100 $1,142 $95
Corvette GS 2-Dr Convertible $290 $464 $334 $20 $100 $1,208 $101
Corvette Z06 2-Dr Coupe $290 $464 $260 $16 $78 $1,108 $92
Corvette ZR1 2-Dr Coupe $374 $640 $260 $16 $78 $1,368 $114
Get Your Own Custom Quote Go

Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Estimates do not factor in specific garaging location which can decrease or increase prices considerably.

Insurance deductibles

A question often asked by Mesa drivers is what deductibles to buy. The premium rates below highlight the differences in price of buying low and high coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Chevrolet Corvette insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $322 $600 $198 $12 $60 $1,217 $101
Corvette GS 2-Dr Coupe $380 $668 $198 $12 $60 $1,343 $112
Corvette 2-Dr Convertible $380 $668 $254 $16 $76 $1,419 $118
Corvette GS 2-Dr Convertible $410 $738 $254 $16 $76 $1,519 $127
Corvette Z06 2-Dr Coupe $410 $738 $198 $12 $60 $1,443 $120
Corvette ZR1 2-Dr Coupe $530 $1016 $198 $12 $60 $1,841 $153
Get Your Own Custom Quote Go

Chevrolet Corvette insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $198 $376 $198 $12 $60 $844 $70
Corvette GS 2-Dr Coupe $236 $420 $198 $12 $60 $926 $77
Corvette 2-Dr Convertible $236 $420 $254 $16 $76 $1,002 $84
Corvette GS 2-Dr Convertible $254 $464 $254 $16 $76 $1,064 $89
Corvette Z06 2-Dr Coupe $254 $464 $198 $12 $60 $988 $82
Corvette ZR1 2-Dr Coupe $328 $640 $198 $12 $60 $1,238 $103
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Premium costs do not factor in specific zip code location which can affect coverage prices considerably.

We can estimate from the data above that using a $250 deductible costs an average of $38 more each month or $456 for a full year than buying the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 20 months between claim filings, you would probably come out ahead if you choose a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $122
Average monthly premium for $1,000 deductibles (subtract): – $84
Monthly savings from raising deductible: $38
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $38
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

Full coverage or liability only

The illustration below compares Chevy Corvette car insurance rates with and without full coverage. The rate quotes are based on no violations or accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop buying full coverage

There is no definitive guideline of when to exclude physical damage coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Chevy Corvette claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after paying your deductible. If it’s costing in excess of $300 annually for full coverage, then it might be time to buy liability only.

There are some circumstances where only buying liability is not recommended. If you haven’t paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not remove full coverage.

Three main reasons to buy car insurance

Even though it’s not necessarily cheap to insure a Chevy in Mesa, maintaining insurance serves a purpose in several ways.

The benefits of carrying enough insurance more than offset the price you pay, particularly if you ever have a claim. In a recent study of 1,000 drivers, the average customer is overpaying over $820 a year so it’s recommended you shop around at every policy renewal to make sure the price is not too high.

Reduce your insurance rates with discounts

Buying insurance is not cheap, but you might be missing out on some discounts that could help you make your next renewal payment. A few discounts will be applied at the time of quoting, but some discounts are required to be manually applied before they will apply.Save money with discounts

Just know that most discount credits are not given to the entire policy premium. The majority will only reduce individual premiums such as liability and collision coverage. Despite the appearance that you would end up receiving a 100% discount, you aren’t that lucky.

The illustration below visualizes the comparison of Chevy Corvette yearly insurance costs with and without discounts applied to the rates. The prices are based on a male driver, no claims, a clean driving record, Arizona state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, multi-car, homeowner, and marriage discounts applied.

If you would like to view insurance companies who offer discounts in Mesa, click here.

Are auto insurance agents used anymore?

A lot of people prefer to buy from a local agent and there is nothing wrong with that. Professional agents can help you choose the best coverages and help submit paperwork. The best thing about comparing car insurance online is the fact that drivers can get cheap rate quotes but still work with a licensed agent.

Mesa insurance agentsOnce you complete this short form, the quote information gets sent to companies in Mesa that can provide free Mesa car insurance quotes to get your business. You won’t need to find an agent due to the fact that quote results will go to you. If you wish to compare prices for a specific company, you can always search and find their rate quote page and give them your coverage information.

Picking an insurer requires more thought than just a low price. Ask your prospective agent these questions:

Types of auto insurance agents

If you want to use a reliable insurance agent, it can be helpful to understand the types of insurance agents and how they can quote your rates. Car insurance policy providers are either independent or exclusive. Either one can handle car insurance, but it’s good to learn how they differ because it may have an impact on your agent selection.

Exclusive Insurance Agents

Exclusive insurance agents are contracted to one company such as American Family, State Farm, and Allstate. Exclusive agencies are unable to provide other company’s prices so you might not find the best rates. These agents receive a lot of sales training on their products and sales techniques which helps them compete with independent agents.

Listed below are exclusive insurance agents in Mesa willing to provide price quote information.

3740 E Southern Ave Ste 201Mesa, AZ 85206(480) 830-4650View Map

Jim Shepard – State Farm Insurance Agent
1725 E University DrMesa, AZ 85203(480) 964-8173View Map

2801 E McKellips RdMesa, AZ 85213(480) 830-1513View Map

More Mesa agents

Independent Agents (or Brokers)

Agents that choose to be independent are not employed by one company and that enables them to quote your coverage through many companies and get you the best rates possible. If you are not satisfied with one company, your policy is moved internally and you won’t have to switch agencies.

When comparing car insurance rates, you absolutely need to get some free quotes from a couple of independent agencies to have the most options to choose from.

Below is a short list of independent agencies in Mesa that are able to give rate quotes.

Diamond Insurance Agency
1933 W Main St # 5Mesa, AZ 85201(480) 668-4944View Map

7165 E University Dr #170Mesa, AZ 85207(480) 921-3400View Map

7255 E Hampton Ave #107aMesa, AZ 85209(480) 986-1117View Map

More Mesa agents

Your situation helps dictate your coverage

When it comes to buying coverage online or from an agent, there really is no “best” method to buy coverage. You are unique.Auto insurance savings

For instance, these questions might point out whether or not you might need professional guidance.

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and may give you better protection.

Quote more to save more

As you restructure your insurance plan, do not buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

Insureds change insurance companies for a number of reasons such as an unsatisfactory settlement offer, delays in paying claims, extreme rates for teen drivers and even delays in responding to claim requests. It doesn’t matter what your reason, choosing a new company can be less work than you think.

Some insurance companies don’t offer internet price quotes and usually these regional carriers only sell through independent agents. Affordable Chevy Corvette insurance in Mesa is attainable both online in addition to many Mesa insurance agents, and you should be comparing both to have the best selection.

More information is available on the following sites: