Cheap Chevy Corvette Insurance in Lubbock

Everyone knows that auto insurance companies want to keep you from comparing prices. Consumers who get price quotes annually are very likely to switch to a new company because of the good chance of finding lower rate quotes. A study showed that consumers who regularly compared price quotes saved an average of $3,400 over four years compared to people who never compared rates.

If finding discount rates on Chevy Corvette insurance is your objective, then understanding how to shop and compare insurance can save time, money, and frustration.

Insurance rates Chevy Corvette in LubbockReally, the only way to find lower priced Chevy Corvette insurance is to compare prices regularly from providers that insure vehicles in Lubbock. You can shop around by completing these steps.

Step 1: Try to comprehend how car insurance works and the changes you can make to lower rates. Many rating criteria that cause high rates like traffic citations, accidents, and a not-so-good credit rating can be amended by improving your driving habits or financial responsibility.

Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like Progressive or State Farm, while independent agents can quote prices from multiple companies. View rates

Step 3: Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you find a lower rate and make a switch, verify that coverage does not lapse between policies.

Step 4: Notify your agent or company to cancel your current policy and submit payment and a signed application for your new policy. Make sure you put the new certificate verifying proof of insurance above your visor, in the console, or in the glove compartment.

A tip to remember is to try to use identical limits and deductibles on every quote request and and to get price estimates from as many carriers as you can. Doing this helps ensure a level playing field and a thorough selection of prices.

If you are insured now, you stand a good chance to be able to cut your premiums using the concepts covered in this article. This article will teach you how car insurance quotes work and some tips to save money. Nevertheless, Texas drivers benefit from understanding how insurance companies price insurance differently because it varies considerably.

Cheap car insurance in Lubbock, TX

The companies shown below are our best choices to provide price quotes in Texas. If you want cheap auto insurance in Lubbock, it’s highly recommended you visit two to three different companies to get the most affordable price.

Coverage information

The information shown below outlines estimates of coverage prices for Chevy Corvette models. Having knowledge of how car insurance premiums are calculated can be valuable when making decisions when shopping around.

Chevrolet Corvette Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $436 $1026 $326 $20 $98 $1,906 $159
Corvette GS 2-Dr Coupe $518 $1146 $326 $20 $98 $2,108 $176
Corvette 2-Dr Convertible $518 $1146 $422 $24 $126 $2,236 $186
Corvette GS 2-Dr Convertible $558 $1266 $422 $24 $126 $2,396 $200
Corvette Z06 2-Dr Coupe $558 $1266 $326 $20 $98 $2,268 $189
Corvette ZR1 2-Dr Coupe $720 $1742 $326 $20 $98 $2,906 $242
Get Your Own Custom Quote Go

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rates do not factor in zip code location which can change rates greatly.

Policy deductible comparison

One of the most common auto insurance questions is how high should the physical damage coverage deductibles be. The rates below can help show the price difference when you choose different policy deductibles. The first pricing table uses a $100 deductible and the second price chart uses a $500 deductible.

Chevrolet Corvette insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $454 $908 $252 $14 $76 $1,729 $144
Corvette GS 2-Dr Coupe $538 $1014 $252 $14 $76 $1,919 $160
Corvette 2-Dr Convertible $538 $1014 $324 $20 $96 $2,017 $168
Corvette GS 2-Dr Convertible $582 $1120 $324 $20 $96 $2,167 $181
Corvette Z06 2-Dr Coupe $582 $1120 $252 $14 $76 $2,069 $172
Corvette ZR1 2-Dr Coupe $750 $1542 $252 $14 $76 $2,659 $222
Get Your Own Custom Quote Go

Chevrolet Corvette insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $332 $614 $252 $14 $76 $1,288 $107
Corvette GS 2-Dr Coupe $394 $686 $252 $14 $76 $1,422 $119
Corvette 2-Dr Convertible $394 $686 $324 $20 $96 $1,520 $127
Corvette GS 2-Dr Convertible $424 $756 $324 $20 $96 $1,620 $135
Corvette Z06 2-Dr Coupe $424 $756 $252 $14 $76 $1,522 $127
Corvette ZR1 2-Dr Coupe $548 $1042 $252 $14 $76 $1,932 $161
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rates do not factor in your specific Lubbock location which can decrease or increase rates considerably.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $46 more each month or $552 a year across all Chevrolet Corvette models than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 9 months between claim filings, you would probably come out ahead by going with a higher deductible.

How to calculate deductible break even point

Average monthly premium for $100 deductibles: $175
Average monthly premium for $500 deductibles (subtract): – $129
Monthly savings from raising deductible: $46
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $46
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 9 months

One important note is that a higher deductible means you pay more out-of-pocket at claim time. You will want to have enough money stashed away in order to pay the higher deductible.

Difference between full coverage and liability only rates

The illustration below shows the comparison of Chevy Corvette car insurance rates with and without physical damage coverage. The premium estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.

When to eliminate full coverage

There isn’t a written rule to stop buying comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s say your Chevy Corvette replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after paying your policy deductible. If you are currently paying more than $400 a year for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some circumstances where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not remove full coverage.

Insurance policy discounts for Chevy Corvette insurance in Lubbock

Properly insuring your vehicles can get expensive, but you might find some hidden discounts that many people don’t even know exist. Some of these discounts will be visible at the time you complete a quote, but some discounts are required to be manually applied prior to receiving the credit.Cheaper insurance with discounts

You should keep in mind that some of the credits will not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like medical payments or collision. Even though it appears you could get a free insurance policy, insurance companies wouldn’t stay in business.

The chart below compares Chevy Corvette insurance premiums with and without discounts being applied to the rates. The premiums are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, multi-car, homeowner, and claim-free discounts applied.

Popular insurance companies and some of the premium reductions they offer can be read below.

If you need affordable Chevrolet Corvette insurance quotes, ask all the companies which credits you are entitled to. Some credits might not be offered on policies everywhere. To see providers that offer multiple discounts in Texas, click here.

How to Lower Your Insurance Prices

Part of the insurance buying process is learning the different types of things that help determine the rates you pay for insurance. When you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you better insurance rates.

The following are most of the major factors insurance companies consider when setting prices.

Local Lubbock insurance agencies

Some people would prefer to talk to a local agent and doing so can bring peace of mind A good thing about comparing rates online is you may find better rates and also buy local.

Find insurance agent in LubbockTo find an agent, once you fill out this form (opens in new window), your information is instantly submitted to agents in your area that can provide free Lubbock car insurance quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to even leave your home as quotes are delivered straight to your inbox. You can find the lowest rates AND an agent nearby. If you wish to compare prices from one company in particular, you would need to jump over to their website and fill out the quote form the provide.

Finding the right insurance company shouldn’t rely on just the premium amount. Here are some questions you should ask.

How to choose the best car insurance agent in Lubbock

When looking for a local insurance agency, it helps to know the two types of agencies and how they can quote your rates. Auto insurance policy providers are either independent or exclusive.

Exclusive Auto Insurance Agents

These agents work for only one company such as Farmers Insurance or State Farm. They are unable to place coverage with different providers so you might not find the best rates. They are well trained on their products and sales techniques and that enables them to sell even at higher rates. Many people buy from exclusive agents mostly because of the brand legacy and solid financial strength.

Listed below are exclusive agents in Lubbock that are able to give comparison quotes.

More Lubbock agents

Independent Agencies or Brokers

Agents that choose to be independent do not work for one specific company and that gives them the ability to insure through lots of different companies depending on which coverage is best. If premiums increase, your policy is moved internally which requires no work on your part.

If you are trying to find cheaper rates, we recommend you compare prices from a few independent agents to get the best comparison. Many independent agencies also insure through smaller companies which can be an advantage.

Listed below are independent insurance agents in Lubbock that are able to give comparison quotes.

More Lubbock agents

Lubbock car insurance companies ranked

Finding the right insurer can be a challenge considering how many different companies insure vehicles in Lubbock. The ranking information in the next section can help you choose which companies to look at buying from.

Best Car Insurance Companies in Texas
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
Compare Rates Now Go

Data Source: Best Car Insurance Companies

More quotes mean more car insurance savings

When shopping online for car insurance, it’s very important that you do not reduce coverage to reduce premium. There have been many cases where drivers have reduced uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage at a price you can afford, but don’t skip important coverages to save money.

You just read some good ideas how to reduce Chevy Corvette insurance prices online in Lubbock. The key concept to understand is the more times you quote, the better chance you’ll have of finding inexpensive Lubbock car insurance quotes. Drivers may even discover the best prices are with a small mutual company.

Cheap Chevy Corvette insurance in Lubbock is definitely available both online in addition to many Lubbock insurance agents, and you should compare price quotes from both to have the best selection. A few companies may not provide rate quotes online and most of the time these smaller providers only sell through independent insurance agents.

For more information, link through to the articles below: