Want to learn how to find more affordable Chevy Corvette insurance in San Francisco? Finding better insurance prices for your Chevy Corvette in California can be an all-consuming task, but you can learn our insurance buying tips to find lower rates.
There are more efficient ways to find insurance online and we’ll show you the proper way to get price quotes for your Chevy and find the lowest possible price from both online companies and San Francisco agents.
It’s a good idea to compare premium rates periodically due to the fact that insurance prices are adjusted regularly by insurance companies. Even if you think you had the best deal on Chevy Corvette insurance in San Francisco on your last policy the chances are good that you can find a lower rate today. Block out anything you think you know about insurance because you’re about to learn how to quote online to find the best coverage while lowering your premiums.
Finding and buying affordable car insurance policy in San Francisco is quite easy. If you already have coverage or just want cheaper coverage, you can use these techniques to get lower rates while maintaining coverages. Smart buyers just need to use the most efficient way to compare company rates online.
The providers in the list below provide price comparisons in California. If multiple providers are shown, we recommend you visit several of them in order to get a fair rate comparison.
Chevy Corvette coverage statistics
The rate table displayed next showcases estimates of insurance coverage prices for Chevy Corvette models. Understanding how policy premiums are figured is important for you to make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $516 | $1212 | $352 | $20 | $106 | $2,206 | $184 |
| Corvette GS 2-Dr Coupe | $612 | $1352 | $352 | $20 | $106 | $2,442 | $204 |
| Corvette 2-Dr Convertible | $612 | $1352 | $454 | $26 | $136 | $2,580 | $215 |
| Corvette GS 2-Dr Convertible | $660 | $1494 | $454 | $26 | $136 | $2,770 | $231 |
| Corvette Z06 2-Dr Coupe | $660 | $1494 | $352 | $20 | $106 | $2,632 | $219 |
| Corvette ZR1 2-Dr Coupe | $852 | $2056 | $352 | $20 | $106 | $3,386 | $282 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Information does not factor in specific zip code location which can alter rates greatly.
Analysis of deductible levels
One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The following insurance rates can help you visualize the costs and benefits between high and low policy deductibles. The first data table uses a $250 deductible for physical damage and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $474 | $882 | $292 | $18 | $88 | $1,779 | $148 |
| Corvette GS 2-Dr Coupe | $562 | $986 | $292 | $18 | $88 | $1,971 | $164 |
| Corvette 2-Dr Convertible | $562 | $986 | $376 | $22 | $112 | $2,083 | $174 |
| Corvette GS 2-Dr Convertible | $606 | $1088 | $376 | $22 | $112 | $2,229 | $186 |
| Corvette Z06 2-Dr Coupe | $606 | $1088 | $292 | $18 | $88 | $2,117 | $176 |
| Corvette ZR1 2-Dr Coupe | $780 | $1498 | $292 | $18 | $88 | $2,701 | $225 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $292 | $556 | $292 | $18 | $88 | $1,246 | $104 |
| Corvette GS 2-Dr Coupe | $346 | $620 | $292 | $18 | $88 | $1,364 | $114 |
| Corvette 2-Dr Convertible | $346 | $620 | $376 | $22 | $112 | $1,476 | $123 |
| Corvette GS 2-Dr Convertible | $374 | $684 | $376 | $22 | $112 | $1,568 | $131 |
| Corvette Z06 2-Dr Coupe | $374 | $684 | $292 | $18 | $88 | $1,456 | $121 |
| Corvette ZR1 2-Dr Coupe | $482 | $942 | $292 | $18 | $88 | $1,822 | $152 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rate quotes do not factor in the specific area where the vehicle is garaged which can revise insurance rates considerably.
Based on the data above, we can derive that using a $250 deductible will cost you approximately $55 more each month or $660 for a full year across all Chevrolet Corvette models than buying the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 14 months between claims, you would more than likely save some money if you elect the higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $250 deductibles: | $179 |
| Average monthly premium for $1,000 deductibles (subtract): | – $124 |
| Monthly savings from raising deductible: | $55 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $55 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
Should you buy full coverage?
The example below shows the comparison of Chevy Corvette auto insurance costs with full physical damage coverage compared to only buying liability only. The information is based on a clean driving record, no at-fault accidents, $250 deductibles, marital status is single, and no discounts are applied.
When to eliminate full coverage
There isn’t a steadfast formula to stop buying full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s say your Chevy Corvette settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after the deductible is paid. If you are paying over $500 annually for full coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where eliminating full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Why you need insurance for your Corvette
Despite the potentially high cost of Chevy Corvette insurance, insuring your vehicle may be required for several reasons.
- Just about all states have mandatory insurance requirements which means you are required to buy a specific level of liability coverage in order to license the vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your vehicle, almost all lenders will force you to carry insurance to guarantee payment of the loan. If the policy lapses, the lender will be forced to insure your Chevy at a much higher premium rate and force you to pay for the much more expensive policy.
- Car insurance protects your vehicle and your assets. It will also reimburse you for all forms of medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to repair the damage minus the deductible amount.
The benefits of carrying adequate insurance more than cancel out the cost, specifically if you ever have a liability claim. As of last year, the average driver in California is overpaying over $825 a year so it’s important to compare rates each time the policy renews to help ensure money is not being wasted.
Lower Your San Francisco Insurance Prices
The best way to find cheaper car insurance is to take a look at some of the things that go into determining your car insurance rates. If you understand what determines base rates, this helps enable you to make changes that may reward you with lower premium levels. Lots of things are part of the calculation when premium rates are determined. Some factors are common sense like your driving record, but others are not quite as obvious like where you live or your vehicle rating.
The factors shown below are some of the things used by companies to determine rates.
Stay claim-free and lower premiums – Auto insurance companies in California award discounts to insureds who file claims infrequently. If you tend to file frequent claims, you can expect much higher rates or policy non-renewal. Your insurance policy is intended for larger claims.
Cautious drivers have lower rates – Being a careful driver has a lot to do with how much you pay for insurance. Good drivers get better prices than their less careful counterparts. Having just one speeding ticket or other violation may cause rates to rise forty percent or more. Drivers who have gotten severe citations such as reckless driving or DUI may find that they have to to submit a SR-22 form with their state DMV in order to prevent their license from being revoked.
The information below illustrates how violations and at-fault collisions can raise Chevy Corvette insurance rates for different ages of insureds. The premium estimates are based on a single female driver, full coverage, $250 deductibles, and no other discounts are factored in.
Liability protection safeguards assets – Liability insurance kicks in in the event that you are found to be at fault for an accident. Liability insurance provides you with a defense in court to attempt to prove you were not liable. Liability insurance is pretty cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Drive less and save – The more you drive in a year’s time the higher your rates will be. A lot of insurance companies calculate prices based on their usage. Cars and trucks not used for work or commuting can get a lower rate than vehicles that are driven to work every day. An incorrectly rated Corvette is just wasting money. It’s a smart idea to ensure your declarations sheet is showing annual mileage.
Low stress job equals lower prices – Careers like lawyers, air traffic controllers, and emergency personnel generally pay the highest average rates attributed to stressful work requirements and lengthy work days. On the flip side, jobs such as professors, engineers and performers have the lowest average rates.
Chevy Corvette insurance loss statistics – Companies include the past claim trends for vehicles as a way to help calculate a profitable premium price. Vehicles that the statistics show to have higher losses will have a higher premium rate.
The table below demonstrates the historical insurance loss data for Chevy Corvette vehicles. For each policy coverage type, the claim amount for all vehicles, as a total average, is a value of 100. Percentage values below 100 indicate better than average losses, while percentage values above 100 indicate frequent claims or a tendency for claims to be larger.
| 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Score discounts to get cheaper San Francisco insurance quotes
The price of auto insurance can be rather high, but companies offer discounts that many consumers don’t even know exist. Most are applied when you quote, but some may not be applied and must be asked about before you get the savings. If you do not double check each discount available, you may be paying too high a price.
- Discounts for Good Drivers – Insureds who avoid accidents can save as much as half off their rates compared to rates paid by drivers with frequent claims.
- Discounts for Federal Employees – Active or retired federal employment could qualify for a slight premium decrease but check with your company.
- Online Discount – A few insurance companies will discount your bill up to fifty bucks for completing your application on the web.
- Passive Restraint Discount – Options like air bags and/or automatic seat belt systems can receive discounts up to 30%.
- Membership in Organizations – Belonging to a professional or civic organization could qualify you for a break when getting a San Francisco auto insurance quote.
- More Vehicles More Savings – Buying a policy with primary and secondary vehicles on the same insurance policy can get a discount for every vehicle.
- Seat Belts Save – Buckling up and requiring all passengers to buckle up before driving can save a little off PIP or medical payments premium.
- Multiple Policy Discount – If you can combine your homeowners and auto policy with the same company they may give you a discount of 10% to 20% off each policy.
- Switch and Save Discount – A few larger companies give discounts for switching to them prior to the expiration date on your current Corvette insurance policy. The savings is around 10%.
It’s important to understand that most discount credits are not given to the entire policy premium. Some only reduce specific coverage prices like collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business. But any discount will help lower the premium cost.
The example below shows the difference between Chevy Corvette auto insurance costs with and without discounts. The data is based on a male driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, claim-free, marriage, homeowner, and multi-car discounts applied.
A partial list of companies who might offer most of these discounts include:
If you are trying to find the cheapest Chevrolet Corvette rate quotes, ask every insurance company which discounts can lower your rates. Some of the discounts discussed earlier may not be offered in San Francisco.
How to know if you need help
When choosing the right insurance coverage, there really is not a best way to insure your cars. Every insured’s situation is different.
For example, these questions might point out whether you might need an agent’s assistance.
- Am I covered if I back into my garage door?
- Is a driver training discount available?
- How high should my uninsured/underinsured coverage be in California?
- What does medical payments cover?
- Do I have ACV or replacement cost coverage?
- Is my custom paint covered by insurance?
- Am I covered if I have no license?
- When would I need rental car insurance?
If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.
Do I need a local insurance agent?
A small number of people would prefer to sit down and talk to an agent and that is recommended in a lot of cases Licensed agents can help you choose the best coverages and help file insurance claims. The biggest benefit of comparing rates online is that you can obtain cheaper car insurance rates and still have an agent to talk to. Buying from small agencies is important particularly in San Francisco.
To help locate an agent, after submitting this form (opens in new window), your insurance data is sent to insurance agents in San Francisco who can give free rate quotes for your business. You don’t have to drive around because quoted prices will be sent to you instantly. If you have a need to get a price quote from a specific insurance company, you would need to navigate to their website and submit a quote form there.
When researching a reputable insurance agent or broker, it’s helpful to know the types of insurance agents that you can select. Agents in San Francisco are classified as either exclusive or independent. Either one can sell insurance policies, but it’s a good idea to understand the difference in how they write coverage because it may have an impact on which type of agent you select.
Independent Agents
These agents can quote rates with many companies so they can quote policies with any number of different companies and find the cheapest rate. If you want to switch companies, they simply move your policy to a different company and the insured can keep the same agent. When comparing insurance rates, it’s a good idea to compare quotes from several independent agencies for maximum quote selection. They also have the ability to place coverage with additional companies that you may not be familiar with that may have much lower rates than larger companies.
Listed below is a partial list of independent agents in San Francisco that may be able to give free rate quotes.
- Milber Health Insurance Agent
1492 11th Ave – San Francisco, CA 94122 – (415) 564-8829 – View Map - Carrie Insurance
2126 Sutter St – San Francisco, CA 94115 – (415) 567-7660 – View Map - Riskguard Insurance Solutions
422 Presidio Ave – San Francisco, CA 94115 – (415) 447-4212 – View Map
Exclusive Insurance Agencies
Agents of this type can only place business with one company such as Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot shop your coverage around so they really need to provide good service. These agents receive extensive training on sales techniques and that can be a competitive advantage. Consumers frequently purchase coverage from exclusives partially due to the prominent brand name rather than having low rates.
Listed below are exclusive insurance agents in San Francisco willing to provide rate quotes.
- Kiet Nguyen – State Farm Insurance Agent
4198 Mission St – San Francisco, CA 94112 – (415) 587-1880 – View Map - Joe Freund – State Farm Insurance Agent
1734 Divisadero St – San Francisco, CA 94115 – (415) 359-9311 – View Map - State Farm: Debra O’Farrell
870 Market St #440 – San Francisco, CA 94102 – (415) 982-9900 – View Map
Selecting an insurance agent needs to be determined by more than just a cheap quote. Ask your prospective agent these questions:
- If your car is totaled, how to they determine the replacement cost?
- How many years of experience in personal auto insurance do they have?
- Do they have a Better Business Bureau rating in San Francisco?
- Will a damage claim use OEM or aftermarket replacement parts?
- What is the financial rating for the quoted company?
If you get good feedback to these questions as well as a price you’re happy with, chances are good that you have found an insurance agent that meets your needs to adequately provide insurance. Just remember it’s your policy and you can cancel your coverage for any reason so don’t feel that you’re stuck with a policy for any length of time.
Persistence is the key to cheaper rates
When shopping online for auto insurance, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, an insured cut comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. Your aim should be to buy a smart amount of coverage for the lowest cost, but don’t skip important coverages to save money.
People change insurance companies for a number of reasons such as not issuing a premium refund, denial of a claim, poor customer service and even unfair underwriting practices. It doesn’t matter why you want to switch switching auto insurance companies can be easy and end up saving you some money.
Discount Chevy Corvette insurance in San Francisco can be sourced both online as well as from independent agents in San Francisco, so you need to shop San Francisco auto insurance with both in order to have the best price selection to choose from. A few companies may not provide rate quotes online and usually these regional carriers provide coverage only through local independent agents.
How to find cheaper Chevy Corvette insurance in San Francisco
The easiest way to get more affordable car insurance rates is to compare quotes annually from different companies in San Francisco. You can compare rates by completing these steps.
- Try to comprehend how companies price auto insurance and the modifications you can make to keep rates low. Many risk factors that result in higher prices like traffic citations, accidents, and a substandard credit score can be controlled by making small lifestyle or driving habit changes.
- Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO or State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
- Compare the new quotes to the price on your current policy to see if cheaper Corvette coverage is available. If you can save some money and decide to switch, verify that coverage does not lapse between policies.
- Provide adequate notice to your current company of your intent to cancel your existing policy and submit the application along with any required down payment to the new company. Immediately keep your new proof of insurance paperwork in your vehicle’s glove compartment or console.
A tip to remember is to make sure you enter the same deductibles and limits on each quote and and to get rate quotes from as many companies as feasibly possible. Doing this ensures a fair price comparison and a complete rate analysis.
More tips and info about auto insurance is available at these sites:
- Airbag FAQ (iihs.org)
- How Much is Auto Insurance for 17 Year Olds in San Francisco? (FAQ)
- Who Has Affordable San Francisco Auto Insurance for 18 Year Olds? (FAQ)
- Who Has the Cheapest Auto Insurance After a Speeding Ticket in San Francisco? (FAQ)
- Choosing a Car for Your Teen (State Farm)
- Auto Insurance FAQ (Farmers Insurance)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)
- Young Drivers: The High Risk Years Video (iihs.org)