Cheapest Insurance for a Chevy Corvette in Philadelphia

Do you need a better way to compare more affordable Chevy Corvette insurance in Philadelphia? When looking for cheaper insurance, are you baffled by the sheer number of car insurance providers in your area? You’re not alone. There are so many options that it can easily become a difficult challenge to find the perfect company for you. If you’ve ever been there, you know that Philadelphia is the perfect city to reside in, but expensive car insurance can make it very difficult to stay on budget.

It’s hard to believe, but 70% of consumers have bought car insurance from the same company for over three years, and approximately 40% of consumers have never even shopped around for lower-cost coverage. Pennsylvania drivers could save as much as $686 every year by just shopping around, but they won’t spend time to do a rate comparison.

It’s important to get comparison quotes yearly since rates are variable and change quite frequently. Just because you had the best deal on Chevy Corvette insurance in Philadelphia two years ago a different company probably has better prices today. Forget anything you know (or think you know) about car insurance because I’m going to teach you the fastest way to find better rates and still maintain coverage.

Cheap companies for Chevy Corvette insurance in Pennsylvania

The companies shown below have been selected to offer comparison quotes in Philadelphia, PA. If several companies are displayed, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.

Detailed insurance information

The coverage table shown below covers estimates of insurance rates for Chevy Corvette models. Being aware of how auto insurance prices are established can assist in making smart choices when buying a policy.

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in specific location information which can change premium rates significantly.

Where to set your deductibles

One of the most common auto insurance questions is the level to set your comp and collision deductibles. The tables below may help to conceptualize the premium difference when you select higher and lower physical damage coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Information does not factor in garaging location in Philadelphia which can affect prices substantially.

Based on the data above, we can derive that using a $100 deductible costs approximately $39 more each month or $468 annually than buying the higher $500 deductible. Because you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you usually have more than 10 months between claims, you would save money if you choose a higher deductible.

The information below illustrates how your choice of deductibles and can increase or decrease Chevy Corvette premium costs for different age groups. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.

Males versus Females

The diagram below compares Chevy Corvette insurance costs for male and female drivers. The data is based on no claims or driving violations, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are taken into consideration.

Chevy Corvette insurance discounts in Philadelphia

Insurance can be prohibitively expensive, but there could be significant discounts that many consumers don’t even know exist. Some discounts will apply at quote time, but some may not be applied and must be requested specifically in order for you to get them.

• Professional Memberships – Being in qualifying employment or professional organizations is a good way to get lower rates on your bill.
• Pay Now and Pay Less – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may have a lower total premium amount.
• Government Employees – Simply working for the federal government could qualify for a slight premium decrease with a few auto insurance companies.
• Switch and Save Discount – Some larger companies provide a discount for signing up prior to your current Corvette insurance policy expiring. It’s a savings of about 10%.
• Responsible Driver Discounts – Drivers who don’t get into accidents may save up to 50% more than drivers with accidents.
• Active Service Discounts – Having an actively deployed family member could qualify you for better prices.
• Savings for New Vehicles – Putting coverage on a new Corvette may earn a small discount because new model year vehicles are generally safer.
• 55 and Retired – If you’re over the age of 55, you could receive better auto insurance rates.
• Driver Safety – Taking time to complete a safe driver course could cut 5% off your bill and easily recoup the cost of the course.

Don’t be shocked that most of the big mark downs will not be given to the whole policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

The information below illustrates the difference between Chevy Corvette premium costs with and without some available policy discounts. The prices are based on a male driver, no accidents, no driving violations, Pennsylvania state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, homeowner, claim-free, multi-policy, and marriage discounts applied.

To see providers with discount rates in Philadelphia, click this link.

Buying car insurance from Philadelphia auto insurance agents

A lot of people just want to talk to an insurance agent. A nice benefit of comparing insurance prices online is the fact that drivers can get cheaper auto insurance rates but also keep your business local.

Once you complete this simple form, the quote information is immediately sent to insurance agents in Philadelphia who will give competitive quotes for your car insurance coverage. You never need to find an agent on your own as quotes are delivered directly to you. It’s the lowest rates without a big time investment. If you have a need to quote rates from a specific company, you can always visit that company’s website and submit a quote form there.

Finding the right provider requires you to look at more than just the bottom line cost. These are some valid questions you should ask.

• How much training do they have in personal risk management?
• Is the quote a firm price?
• Will one accident increase rates?
• Can glass claims be handled at your home?
• Do they have 24-hour customer assistance?

Choose an insurance agent wisely

If you prefer to buy car insurance from a local agent, you must know there are a couple different agency structures that you can choose from. Philadelphia agents are either exclusive or independent agents depending on their company appointments.

Exclusive Agents

These type of agents can only write with one company and examples are American Family, State Farm, and AAA. They are unable to compare rates from other companies so you might not find the best rates. They are usually well trained on sales techniques which helps them sell insurance even at higher premiums. Some people will only buy from exclusive agents partially due to the brand name rather than having the cheapest rates.

The following is a short list of exclusive agents in Philadelphia willing to provide price quote information.

• Trish Floyd – State Farm Insurance Agent
  7706 Castor Ave – Philadelphia, PA 19152 – (215) 725-3000 – View Map
• Allstate Insurance: Bruce Datil
  4201 I St – Philadelphia, PA 19124 – (215) 288-7992 – View Map
• Vince Ovecka – State Farm Insurance Agent
  456 E Girard Ave – Philadelphia, PA 19125 – (215) 739-0800 – View Map

More Philadelphia agents

Independent Agencies or Brokers

Agents that choose to be independent can quote rates with many companies so they can insure your vehicles with a variety of different insurance companies and find you cheaper rates. To transfer your coverage to a different company, they can switch companies in-house and you don’t have to switch agencies.

If you need lower rates, we highly recommend that you get some free quotes from a couple of independent agencies to ensure the widest selection of prices. Many can place coverage with companies you’ve never heard of which may provide better rates.

Below are Philadelphia independent agencies that are able to give price quotes.

• Kowalewski Jawork Insurance Agency Inc
  706 S 5th St – Philadelphia, PA 19147 – (215) 922-1222 – View Map
• McCollum Insurance Agency
  4169 Main St – Philadelphia, PA 19127 – (215) 508-9000 – View Map
• Nigro Insurance Agency
  35 Letitia St – Philadelphia, PA 19106 – (215) 278-9633 – View Map

More Philadelphia agents

Auto insurance coverage breakdown

Understanding the coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Liability car insurance

This will cover damage or injury you incur to other people or property. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 15/30/5 which means $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and property damage coverage for $5,000.

Liability coverage pays for claims like medical services, court costs, medical expenses and loss of income. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford. Pennsylvania requires drivers to carry at least 15/30/5 but drivers should carry more coverage.

The chart below demonstrates why buying minimum limits may not be high enough to cover claims.

Coverage for collisions

This coverage pays for damage to your Corvette caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like hitting a parking meter, scraping a guard rail, sustaining damage from a pot hole, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible on your Corvette to save money on collision insurance.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as dental work, pain medications, EMT expenses and surgery. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as falling objects, a broken windshield, vandalism and rock chips in glass. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Chevy Corvette.

Since a lot of drivers carry very low liability coverage limits (Pennsylvania limits are 15/30/5), their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Insurance savings summarized

As you restructure your insurance plan, do not skimp on coverage in order to save money. There have been many situations where someone sacrificed physical damage coverage and discovered at claim time that the savings was not a smart move. Your goal is to get the best coverage possible for the lowest cost while not skimping on critical coverages.

Budget-friendly insurance in Philadelphia is attainable both online as well as from independent agents in Philadelphia, and you should compare price quotes from both to have the best chance of lowering rates. Some companies do not offer online quoting and these small, regional companies only sell coverage through independent agencies.

We’ve covered many ways to get a better price on Chevy Corvette insurance in Philadelphia. The most important thing to understand is the more quotes you get, the higher your chance of finding affordable Chevrolet Corvette insurance quotes. You may even be surprised to find that the lowest priced insurance comes from a small local company.

Helpful resources

• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
• What Auto Insurance is Cheapest for Young Drivers in Philadelphia? (FAQ)
• Who Has the Cheapest Philadelphia Auto Insurance Quotes for High Risk Drivers? (FAQ)
• Credit and Insurance Scores (Insurance Information Institute)
• Top Signs Your Brakes are Giving Out (State Farm)