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.
If 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.
- Step 1: Get a basic knowledge of auto insurance and the modifications you can make to keep rates down. Many rating factors that cause rate increases like traffic citations, accidents, and an unacceptable credit rating can be remedied by making lifestyle changes or driving safer.
- Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can give quotes from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of insurance providers.
- Step 3: Compare the price quotes to the premium of your current policy and see if there is a cheaper rate. If you find a better price and change companies, make sure there is no lapse in coverage.
- Step 4: Give notification to your current company of your intent to cancel your existing policy and submit a completed policy application and payment to the new insurer. Immediately put the certificate verifying coverage along with the vehicle’s registration papers.
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.
| 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.
| 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.
| 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 | |||||||
| 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 majority of states have minimum mandated liability insurance limits which means state laws require a specific level of liability protection in order to drive the car legally. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you bought your Corvette with a loan, most lenders will stipulate that you buy full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank may buy a policy for your Chevy for a lot more money and require you to fork over for the expensive policy.
- Insurance protects not only your Chevy but also your financial assets. It will also provide coverage for hospital and medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to have it repaired.
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.
- One Accident Forgiven – Not really a discount, but companies like GEICO and Allstate allow you one accident before they charge you more for coverage with the catch being you have to be claim-free prior to the accident.
- Theft Prevention Discount – Vehicles with anti-theft systems have a lower chance of being stolen and will qualify for a discount on a Mesa car insurance quote.
- Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
- Passive Restraints – Factory air bags or automatic seat belts could see savings up to 30%.
- 55 and Retired – Seniors may receive a slight reduction on a Mesa car insurance quote.
- Driver’s Education for Students – Cut your cost by having your teen driver complete a driver education course as it will make them better drivers and lower rates.
- Driving Data Discount – Drivers who elect to allow data collection to analyze driving patterns by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they are good drivers.
- College Student – College-age children who are enrolled in a college that is more than 100 miles from Mesa and do not have access to a covered vehicle can be insured at a reduced rate.
- Cautious Driver Discounts – Drivers who don’t get into accidents can save up to 40% or more on their Mesa car insurance quote than drivers with accidents.
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.
Once 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:
- What insurance companies do they work with in Mesa?
- What company do they have the most business with?
- Does the agent recommend any additional coverage?
- Does the agent have a valid license to sell insurance in Arizona?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Is the agency involved in supporting local community causes?
- Do they carry Errors and Omissions coverage?
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.
Allstate Insurance: Roger Bentley
3740 E Southern Ave Ste 201 – Mesa, AZ 85206 – (480) 830-4650 – View Map
Jim Shepard – State Farm Insurance Agent
1725 E University Dr – Mesa, AZ 85203 – (480) 964-8173 – View Map
Cie Taylor – State Farm Insurance Agent
2801 E McKellips Rd – Mesa, AZ 85213 – (480) 830-1513 – View Map
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 # 5 – Mesa, AZ 85201 – (480) 668-4944 – View Map
ABI Insurance LLC
7165 E University Dr #170 – Mesa, AZ 85207 – (480) 921-3400 – View Map
Cook Insurance Inc.
7255 E Hampton Ave #107a – Mesa, AZ 85209 – (480) 986-1117 – View Map
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.
For instance, these questions might point out whether or not you might need professional guidance.
- What is the ISO rating for a Chevy Corvette?
- Is my state a no-fault state?
- Are my custom wheels covered?
- Is my camper covered by my car insurance policy?
- Does my policy cover me when driving someone else’s vehicle?
- What happens if I owe more than my Chevy Corvette is worth?
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:
- Choosing an Insurance Company (Insurance Information Institute)
- Information for Teen Drivers (GEICO)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)