Best Ways to Save on Lincoln Chevy Corvette Insurance

Discount Chevy Corvette insuranceTruthfully, the best way to find cheaper car insurance rates is to compare prices annually from different companies that insure vehicles in Lincoln.

  1. Try to learn a little about how insurance works and the steps you can take to keep rates down. Many factors that are responsible for high rates such as speeding tickets, careless driving and a not-so-good credit score can be amended by making minor changes to your lifestyle.
  2. Quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from one company like GEICO or Allstate, while independent agents can provide price quotes for many different companies. Compare rates now
  3. Compare the new rate quotes to your existing coverage to see if a cheaper price is available. If you find better rates and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Provide proper notification to your current company of your intention to cancel the current policy. Submit a down payment along with a signed application to your new company or agent. When you receive it, place the new certificate verifying coverage with the vehicle registration.

One important bit of advice is to use the same liability limits and deductibles on each quote request and and to get rates from as many companies as you can. This guarantees a fair price comparison and a thorough price selection.

Astonishing but true according to a recent study, the vast majority of car insurance customers in Nebraska renewed their policy with the same company for a minimum of four years, and approximately 40% of consumers have never quoted car insurance rates at all. Many drivers in America can save nearly $859 each year just by comparing rates, but they just assume it takes a lot of time to save money by comparing rate quotes.

If you are insured now or need a new policy, you can follow these tips to get lower rates without reducing coverage. Buying the cheapest car insurance in Lincoln is actually not that difficult if you follow our advice. You only need to know the best way to find the lowest price instantly.

Why Your Insurance Premiums might be higher

Part of the insurance buying process is learning the rating factors that go into determining your premiums. When consumers understand what impacts premium levels, this enables informed choices that will entitle you to lower premium levels.

Analysis of coverages

The table displayed next covers different insurance policy prices for Chevy Corvette models. Having a good grasp of how prices are calculated helps drivers make informed decisions when shopping around for a new policy.


Chevrolet Corvette Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $154 $320 $190 $12 $56 $732 $61
Corvette GS 2-Dr Coupe $184 $358 $190 $12 $56 $800 $67
Corvette 2-Dr Convertible $184 $358 $244 $14 $74 $874 $73
Corvette GS 2-Dr Convertible $198 $394 $244 $14 $74 $924 $77
Corvette Z06 2-Dr Coupe $198 $394 $190 $12 $56 $850 $71
Corvette ZR1 2-Dr Coupe $256 $544 $190 $12 $56 $1,058 $88
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Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in specific location which can increase or decrease prices significantly.

Can higher deductibles save money?

A question often asked by Lincoln drivers is the level to set your comp and collision deductibles. The rates shown below outline the differences in premium rates when you choose different deductibles. The first pricing table uses a $250 deductible for physical damage and the second pricing table uses a $500 deductible.


Chevrolet Corvette insurance 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
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Chevrolet Corvette insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $262 $484 $198 $12 $60 $1,016 $85
Corvette GS 2-Dr Coupe $310 $540 $198 $12 $60 $1,120 $93
Corvette 2-Dr Convertible $310 $540 $254 $16 $76 $1,196 $100
Corvette GS 2-Dr Convertible $334 $596 $254 $16 $76 $1,276 $106
Corvette Z06 2-Dr Coupe $334 $596 $198 $12 $60 $1,200 $100
Corvette ZR1 2-Dr Coupe $430 $820 $198 $12 $60 $1,520 $127
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in your specific Lincoln location which can alter coverage prices substantially.

Based on the data above, we can derive that using a $250 deductible costs approximately $20 more each month or $240 annually than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 13 months between claims, you would probably be better off by selecting a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $122
Average monthly premium for $500 deductibles (subtract): – $102
Monthly savings from raising deductible: $20
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important issue to know is that a higher deductible level means you will have to pay more when you have a physical damage claim. It will be required that you have some non-essential savings in order to pay the deductible for vehicle repair.

The diagram below shows how choosing a deductible and can impact Chevy Corvette insurance costs for each different age group. The premiums assume a married male driver, full coverage, and no discounts are taken into consideration.

Should you buy full coverage?

The diagram below visualizes the comparison of Chevy Corvette insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no policy discounts are applied.

When to switch to liability coverage only

There isn’t a steadfast formula of when to exclude comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let’s pretend your Chevy Corvette book value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $4,000 after you pay the deductible. If you are paying in excess of $400 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where dropping physical damage coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Do you qualify for discounts on Chevy Corvette insurance in Lincoln?

Some providers don’t list all possible discounts very well, so the below list has some of the best known in addition to some of the lesser obvious credits available to bring down your rates. If you’re not getting every credit possible, you’re paying more than you need to.Car insurance discounts

It’s important to note that most discounts do not apply to the whole policy. Most only cut the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears you can get free auto insurance, it doesn’t quite work that way.

The chart below shows the difference between Chevy Corvette car insurance costs with and without discounts applied to the policy premium. The data assumes a male driver, a clean driving record, no claims, Nebraska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, homeowner, multi-policy, and safe-driver discounts applied.

The best car insurance companies and a summarized list of policyholder discounts include:

Before buying, ask every company which discounts can lower your rates. Some discounts may not be available in your state. To locate insurance companies with significant discounts in Nebraska, click here to view.

Persistent drivers can save

Throughout this article, we presented some good ideas how you can lower your Chevy Corvette insurance rates in Lincoln. It’s most important to understand that the more quotes you get, the better your chances of lowering your auto insurance rates. Consumers could even find that the lowest rates are with some of the lesser-known companies.

As you shop your coverage around, never sacrifice coverage to reduce premiums. There have been many situations where an insured dropped liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. The goal is to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

There are still a few companies who may not offer online rate quotes and most of the time these small, regional companies provide coverage only through independent agencies. Affordable Chevy Corvette insurance in Lincoln can be purchased from both online companies and with local Lincoln insurance agents, and you need to comparison shop both in order to have the best chance of saving money.

Much more information about car insurance in Nebraska can be found below: