Insurance for Chevy CorvetteHas it been over a year since you last compared quotes for low-cost Chevy Corvette insurance in Colorado Springs? Overpriced insurance in Colorado Springs can consume your accounts and force you to prioritize other expenses.

A recent study showed that 70% of consumers have remained with the same insurance company for at least four years, and approximately 38% of consumers have never compared rate quotes at all. Drivers in America could save nearly 47% a year, but they mistakenly think it's difficult to find lower-cost insurance by shopping around. Insurance companies such as GEICO, Farmers Insurance and State Farm promote their brand names with catchy ads and consumers find it hard to ignore the propaganda and take the time to shop coverage around.

Best Chevy Corvette insurance prices in Colorado

The providers in the list below are ready to provide price comparisons in Colorado. If multiple companies are shown, we recommend you visit several of them in order to find the lowest rates.

Chevrolet Corvette Insurance Price Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $236 $470 $218 $12 $66 $1,002 $84
Corvette GS 2-Dr Coupe $312 $620 $262 $16 $78 $1,288 $107
Corvette 2-Dr Convertible $330 $582 $308 $18 $92 $1,330 $111
Corvette GS 2-Dr Convertible $370 $718 $280 $16 $84 $1,468 $122
Corvette Z06 2-Dr Coupe $232 $462 $222 $14 $66 $996 $83
Corvette ZR1 2-Dr Coupe $388 $798 $218 $12 $66 $1,482 $124
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in Colorado Springs location which can lower or raise premium rates greatly.

Auto insurance deductibles

One of the hardest decisions when shopping for auto insurance is how low should you set your deductibles. The figures shown below can help illustrate the cost difference when you select higher and lower policy deductibles. The first rate comparisons uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Chevrolet Corvette insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $420 $838 $232 $14 $70 $1,599 $133
Corvette GS 2-Dr Coupe $496 $936 $232 $14 $70 $1,773 $148
Corvette 2-Dr Convertible $496 $936 $298 $18 $90 $1,863 $155
Corvette GS 2-Dr Convertible $536 $1032 $298 $18 $90 $1,999 $167
Corvette Z06 2-Dr Coupe $536 $1032 $232 $14 $70 $1,909 $159
Corvette ZR1 2-Dr Coupe $692 $1422 $232 $14 $70 $2,455 $205
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Chevrolet Corvette insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $232 $442 $232 $14 $70 $990 $83
Corvette GS 2-Dr Coupe $276 $492 $232 $14 $70 $1,084 $90
Corvette 2-Dr Convertible $276 $492 $298 $18 $90 $1,174 $98
Corvette GS 2-Dr Convertible $298 $544 $298 $18 $90 $1,248 $104
Corvette Z06 2-Dr Coupe $298 $544 $232 $14 $70 $1,158 $97
Corvette ZR1 2-Dr Coupe $384 $750 $232 $14 $70 $1,450 $121
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Price information does not factor in specific zip code location which can impact insurance rates significantly.

Based on the figures above, using a $100 deductible costs about $62 more each month or $744 every year than buying the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 15 months between claims, you would come out ahead if you elect the higher deductible.

Policy deductibles

The diagram below illustrates how your deductible choice and can affect Chevrolet Corvette annual premium costs for different ages of insureds. The price estimates are based on a married female driver, comp and collision included, and no policy discounts are applied.

Rate difference between full and liability-only coverage

The illustration below illustrates the comparison of Chevrolet Corvette auto insurance costs when comparing full coverage to liability only. The data is based on no claims or driving violations, $500 deductibles, single male driver, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no definitive rule for phasing out comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than around 10% of the vehicle's replacement cost less your deductible, then it's probably a good time to buy liability coverage only.

For example, let's assume your Chevrolet Corvette replacement cost is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after paying your policy deductible. If it's costing in excess of $700 annually for physical damage coverage, then it could be time to drop full coverage.

There are some circumstances where dropping physical damage coverage is not advised. If you haven't satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Lower Your Colorado Springs Insurance Rates

The best way to find cheaper insurance is to take a look at some of the elements that aid in calculating the rates you pay for insurance. When consumers understand what controls the rates you pay, this empowers consumers to make smart changes that will entitle you to lower insurance prices.

The itemized list below are some of the things insurance companies consider when setting your rates.

Lower premiums for vehicles with better crash test results - Safer cars are cheaper to insure. Safe vehicles result in less severe injuries and lower injury rates translates directly to fewer claims and cheaper rates on your policy. If the Chevy Corvette is rated at a minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Only buy coverage you need - Policies have additional extra coverages that can add up when buying insurance. Coverages for rental car reimbursement, towing, and extra life insurance coverage may be wasting your money. They may seem like a good idea when you first buy your policy, but if you don't need them remove them and pocket the money.

Limits of liability protection - Liability insurance is the coverage that protects you if ever a court rules you are at fault for an accident. Your liability coverage provides legal defense to attempt to prove you were not liable. It is affordable coverage as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.

Your employer can affect premiums - Occupational choices like doctors, social workers and medical professionals have higher rates than the rest of us due to intense work-related stress and lengthy work days. Other careers such as scientists, engineers and homemakers have the lowest average rates.

Drive less and pay lower prices - The higher the miles on your Chevy in a year the more you'll pay to insure your vehicle. A lot of insurance companies calculate prices partially by how you use the vehicle. Vehicles left parked in the garage qualify for better rates than vehicles that are driven to work every day. Ask your agent if your insurance policy correctly shows the proper vehicle usage. Having an incorrect usage rating on your Corvette may be costing you higher rates.

Being married pays dividends - Walking down the aisle actually saves money on your insurance policy. Marriage translates into being more responsible it has been statistically shown that married drivers tend to have fewer serious accidents.

Do you know your physical damage deductibles? - Physical damage insurance, aka comp and collision, is used to repair damage to your Chevy. Examples of some claims that would be covered could be collision with another vehicle, hail damage, and rolling your vehicle. Deductibles for physical damage define the amount you are required to spend out-of-pocket in the event of a claim. The higher the amount you choose to pay out-of-pocket, the less your company will charge you for insurance.

Insurance loss data for Chevy Corvette vehicles - Insurers use data from past claims when setting rates for each model. Vehicles that historically have increased losses will cost more for coverage. The table below demonstrates the compiled insurance loss statistics for Chevy Corvette vehicles.

For each coverage type, the claim amount for all vehicles, without regard to make or model, is equal to 100. Values below 100 are indicative of better than average losses, while numbers above 100 point to more claims or an increased probability of a larger loss.

Chevrolet Corvette Insurance Loss Statistics

Vehicle 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 from for 2013-2015 Model Years

Insurance policy discounts you can't miss

Companies that sell car insurance don't necessarily list every discount in a way that's easy to find, so the list below gives a summary of both the well known in addition to some of the lesser obvious savings tricks you should be using when you buy Colorado Springs car insurance online.Save money with discounts

It's important to understand that most credits do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you could get a free insurance policy, it just doesn't work that way. Any qualifying discounts will help reduce your policy cost.

To find insurance companies with discount insurance rates in Colorado Springs, click here.

Local neighborhood insurance agents

Many drivers just want to have an agent's advice. Good agents can point out coverage gaps and help file insurance claims. One of the great benefits of getting online price quotes is that drivers can save money and get better rates and still have a local agent. Buying insurance from local agencies is especially important in Colorado Springs.

Find insurance agent in Colorado SpringsTo find an agent, once you fill out this quick form, your insurance coverage information is submitted to local insurance agents who can give free rate quotes for your car insurance coverage. You won't even need to contact any agents as quotes are delivered to the email address you provide. If you need to compare prices from one company in particular, just visit that company's website and fill out their quote form.

Best car insurance agent in Colorado Springs

When narrowing the list to find a reputable insurance agent or broker, you should know the types of insurance agents from which to choose. Colorado Springs agents may be either independent (non-exclusive) or exclusive. Both can sell car insurance policies, but it's worth learning the difference between them because it can factor into the type of agent you choose.

Independent Car Insurance Agents

Agents that choose to be independent often have many company appointments so they can insure your vehicles amongst many companies and find you cheaper rates. If your premiums go up, they simply move your policy to a different company and you don't have to switch agencies.

When comparing rates, we recommend you include price quotes from independent agents to have the best price comparison.

The following are independent insurance agents in Colorado Springs who may provide competitive price quotes.

3630 Sinton Rd # 200 - Colorado Springs, CO 80907 - (719) 590-9990 - View Map

5585 Erindale Dr #107 - Colorado Springs, CO 80918 - (719) 528-1884 - View Map

1863 N Circle Dr - Colorado Springs, CO 80909 - (719) 667-1301 - View Map

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Exclusive Agencies

Exclusive agencies can only quote rates from one company such as Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot provide other company's prices so you need to shop around if the rates are high. Exclusive agents are well schooled on their company's products which helps them compete with independent agents.

Listed below are Colorado Springs exclusive insurance agencies who can help you get price quote information.

Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map

5885 Stetson Hills Blvd #130 - Colorado Springs, CO 80923 - (719) 591-2300 - View Map

1957 W Uintah St - Colorado Springs, CO 80904 - (719) 477-1636 - View Map

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Picking the best auto insurance agent should depend on more than just a low price. Ask your prospective agent these questions:

Don't be fooled by advertising claims

Colorado drivers get pounded daily by advertisements that claim the best car insurance rates from the likes of GEICO, State Farm and Progressive. All the ads make the point that you'll save big if you switch your policy.

How does every company give you a lower rate on Chevy Corvette insurance in Colorado Springs? You have to listen carefully.

Auto insurance companies have strict underwriting profiles for the type of driver that is profitable for them. An example of a driver they prefer might have to be between 25 and 40, has a clear driving record, and drives a car with an anti-theft system. A customer that matches those criteria will get very good Colorado Springs prices and will most likely cut their Chevy Corvette insurance rates if they switch.

Drivers who are not a match for these criteria will probably have to pay a higher premium with the end result being the prospect going elsewhere. The trick companies use is to say "customers who switch" not "everyone that quotes" save that much when switching. That's why companies can state the savings.

Because of the profiling, you absolutely need to get a wide range of price quotes. Because without a comparison, you cannot know which insurance companies will fit you best based on your risk profile.

When do I need an agent's advice?

When it comes to choosing your policy, there really is not a cookie cutter policy. Your financial needs are unique and your policy should reflect that.Drive safe and save For instance, these questions might help in determining whether your personal situation could use an agent's help.

If you're not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. If you don't have a local agent, simply complete this short form or you can also visit this page to select a carrier It's fast, doesn't cost anything and can help protect your family.

Don't give up on affordable rates

Budget-friendly auto insurance in Colorado Springs is attainable online as well as from insurance agents, so you need to shop Colorado Springs car insurance with both to have the best rate selection. A few companies don't offer rate quotes online and many times these small insurance companies only sell through independent insurance agents.

As you quote Colorado Springs car insurance, don't be tempted to skimp on critical coverages to save a buck or two. There are many occasions where someone dropped collision coverage only to discover later they didn't purchase enough coverage. Your strategy should be to purchase a proper amount of coverage at the best cost while still protecting your assets.

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