The preferred way to get low-cost Chevy Corvette insurance in Cleveland is to regularly compare price quotes from insurance carriers in Ohio.
- Read and learn about how your policy works and the things you can control to prevent expensive coverage. Many rating factors that cause rate increases like accidents, careless driving, and poor credit history can be improved by making minor changes in your lifestyle.
- Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only provide price estimates from one company like Progressive or State Farm, while independent agencies can quote prices for many different companies. Begin your rate comparison
- Compare the quotes to the price on your current policy to see if a cheaper price is available in Cleveland. If you find a lower rate quote and change companies, make sure there is no lapse in coverage.
- Provide written notification to your current company of your intention to cancel your current coverage and submit the required down payment along with the signed application to the new company. Once the paperwork is finalized, safely store the certificate verifying proof of insurance in an easily accessible location in your vehicle.
One key aspect when comparing rates is to make sure you enter identical limits and deductibles on each price quote and to quote with as many companies as you can. Doing this ensures an apples-to-apples comparison and a thorough price selection.
Astonishing but true, a large majority of consumers kept their coverage with the same car insurance company for at least four years, and approximately 38% of consumers have never compared rates with other companies. Most drivers in the United States could save $850 every year, but they don’t understand how simple it is to find lower-cost rates by getting comparison quotes.
The companies in the list below have been selected to offer price quotes in Ohio. If your goal is to find the best cheap car insurance in Cleveland, we suggest you compare several of them in order to get a fair rate comparison.
Lower your auto insurance rates with discounts
Some insurers don’t necessarily list the complete list of policy discounts in a way that’s easy to find, so the following is a list of a few of the more well known in addition to some of the lesser obvious discounts that you may qualify for. If you aren’t receiving every discount available, you are just wasting money.
- Discounts for Safe Drivers – Drivers without accidents can get discounts for up to 45% lower rates as compared to drivers with claims.
- Telematics Devices – Cleveland drivers who agree to allow their insurance company to track when and where they use their vehicle by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates if they exhibit good driving behavior.
- Air Bags and Passive Restraints – Cars that have air bags or motorized seat belts may get savings up to 30%.
- Distant Student – Youth drivers who are attending college and do not take a car to college can receive lower rates.
- Discounts for Federal Employees – Federal government employees may qualify for a discount when you quote Cleveland car insurance with select insurance companies.
- Sign Early and Save – A few auto insurance companies give discounts for signing up before your current expiration date. This discount can save up to 10%.
A quick disclaimer, most of the big mark downs will not be given to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates all those discounts means the company will pay you, that’s just not realistic.
The illustration below illustrates the difference between Chevy Corvette insurance prices with and without discounts applied. The information is based on a female driver, a clean driving record, no claims, Ohio 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 homeowner, safe-driver, claim-free, multi-policy, marriage, and multi-car discounts applied.
The best auto insurance companies and a summarized list of policyholder discounts can be found below.
- GEICO policyholders can earn discounts including daytime running lights, multi-policy, military active duty, driver training, defensive driver, five-year accident-free, and seat belt use.
- Travelers offers premium reductions for save driver, payment discounts, multi-car, new car, early quote, driver training, and home ownership.
- Nationwide may have discounts that include easy pay, Farm Bureau membership, defensive driving, business or organization, and anti-theft.
- Farmers Insurance has savings for good student, homeowner, youthful driver, mature driver, and early shopping.
- Esurance has discounts for renters, paid-in-full, defensive driver, anti-lock brakes, Switch & Save, emergency road assistance, and multi-policy.
- State Farm discounts include anti-theft, accident-free, good driver, student away at school, and passive restraint.
- Progressive may offer discounts for homeowner, multi-policy, online quote discount, online signing, continuous coverage, and multi-vehicle.
- Mercury Insurance includes discounts for ease of repair, good student, multi-car, good driver, annual mileage, and location of vehicle.
If you are trying to find low cost Cleveland car insurance quotes, ask all the companies to give you their best rates. Some discounts listed above may not be offered in Cleveland. To locate companies offering auto insurance discounts in Ohio, follow this link.
Rates and information analytics
The rate information shown next highlights a range of insurance coverage prices for Chevy Corvette models. Knowing how rate quotes are established can help you make smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $220 | $450 | $202 | $12 | $60 | $944 | $79 |
| Corvette GS 2-Dr Coupe | $260 | $502 | $202 | $12 | $60 | $1,036 | $86 |
| Corvette 2-Dr Convertible | $260 | $502 | $260 | $16 | $78 | $1,116 | $93 |
| Corvette GS 2-Dr Convertible | $280 | $554 | $260 | $16 | $78 | $1,188 | $99 |
| Corvette Z06 2-Dr Coupe | $280 | $554 | $202 | $12 | $60 | $1,108 | $92 |
| Corvette ZR1 2-Dr Coupe | $362 | $764 | $202 | $12 | $60 | $1,400 | $117 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific garaging location which can affect rates substantially.
Policy deductible comparison
One of the hardest decisions when shopping for auto insurance is which deductible level should you buy. The comparison tables below can help you visualize the differences in premium rates when you buy lower versus higher policy deductibles. The first rate estimation uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $270 | $542 | $150 | $10 | $44 | $1,041 | $87 |
| Corvette GS 2-Dr Coupe | $320 | $604 | $150 | $10 | $44 | $1,153 | $96 |
| Corvette 2-Dr Convertible | $320 | $604 | $192 | $12 | $58 | $1,211 | $101 |
| Corvette GS 2-Dr Convertible | $346 | $668 | $192 | $12 | $58 | $1,301 | $108 |
| Corvette Z06 2-Dr Coupe | $346 | $668 | $150 | $10 | $44 | $1,243 | $104 |
| Corvette ZR1 2-Dr Coupe | $446 | $918 | $150 | $10 | $44 | $1,593 | $133 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $198 | $366 | $150 | $10 | $44 | $768 | $64 |
| Corvette GS 2-Dr Coupe | $234 | $408 | $150 | $10 | $44 | $846 | $71 |
| Corvette 2-Dr Convertible | $234 | $408 | $192 | $12 | $58 | $904 | $75 |
| Corvette GS 2-Dr Convertible | $252 | $450 | $192 | $12 | $58 | $964 | $80 |
| Corvette Z06 2-Dr Coupe | $252 | $450 | $150 | $10 | $44 | $906 | $76 |
| Corvette ZR1 2-Dr Coupe | $326 | $620 | $150 | $10 | $44 | $1,150 | $96 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Price information does not factor in your specific Cleveland location which can change prices significantly.
Based on these figures, using a $100 deductible will cost you about $28 more each month or $336 each year averaged for all Corvette models than requesting the higher $500 deductible. Because you would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 14 months between claims, you would probably save some money if you decide on a higher deductible.
Local Cleveland insurance agencies
A lot of people just prefer to buy from a local agent and that is not a bad decision Professional agents can help you build your policy and give you someone to call. A nice benefit of comparing insurance prices online is you may find cheap rate quotes but still work with a licensed agent. And buying from local agents is important particularly in Cleveland.
Upon completion of this quick form, your coverage information is immediately sent to agents in your area that provide free Cleveland car insurance quotes and help you find cheaper coverage. You won’t need to visit any agencies because prices are sent to you. If for some reason you want to get a price quote from a specific company, just go to their quote page and complete a quote there.
When looking for local Cleveland agents, it helps to know the two different types of agents and how they can write your policy. Insurance agents in Cleveland are classified as either independent (non-exclusive) or exclusive. Both types of agents can sell affordable insurance policies, but it’s important to know how they are different because it can influence buying decisions.
Independent Insurance Agents
Agents that choose to be independent often have many company appointments and that enables them to quote your coverage with lots of companies and find the cheapest rate. If you want to switch companies, your policy is moved internally and you can keep the same agent. When comparing rate quotes, you absolutely need to compare quotes from a couple of independent agencies so that you can do a thorough price comparison. A lot of them also have access to smaller companies which may provide better rates.
The following is a small list of independent agencies in Cleveland that may be able to provide price quotes.
- Abc Auto Insurance Agency Inc.
1970 E 55th St – Cleveland, OH 44103 – (216) 881-2600 – View Map - Coventry Insurance Agency
230 W Huron Rd – Cleveland, OH 44113 – (216) 307-3611 – View Map - MR Insurance Partners Agency, Inc.
3310 Prospect Ave E – Cleveland, OH 44115 – (216) 361-9797 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can only place business with one company and examples are American Family, State Farm, and Allstate. They generally cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive agencies are well trained in insurance sales which helps them compete with independent agents. Consumers sometimes use the same agent primarily because of the prominent brand name rather than having low rates.
The following is a list of exclusive agents in Cleveland that can give you rate quotes.
- Franklin Myles – State Farm Insurance Agent
3970 Mayfield Rd – Cleveland Heights, OH 44121 – (216) 291-9892 – View Map - Jinisha Patel – State Farm Insurance Agent
4342 Ridge Rd – Brooklyn, OH 44144 – (216) 741-6100 – View Map - Allstate Insurance: Teresa C. Paez
15105 Puritas Ave – Cleveland, OH 44135 – (216) 362-6526 – View Map
Finding the right insurance agency should include more criteria than just the quoted price. Any agent in Cleveland should have no problem answering these questions:
- How long have they worked with personal auto insurance coverage?
- What insurance company do they write the most business with?
- Which insurance companies are they affiliated with?
- Is there a 24/7 contact number?
- Do they review policy coverages at every renewal?
- Are there any extra charges for paying monthly?
After talking to the agent and getting acceptable answers to any questions you have as well as an affordable premium quote, you have narrowed it down to a car insurance agent that is a good match to properly service your insurance policy.
Informed Consumers Can Lower Insurance Rates
Smart consumers have a good feel for some of the factors that come into play when calculating auto insurance rates. When consumers understand what controls the rates you pay, this allows you to make good choices that could result in better auto insurance rates. Lots of factors are used in the calculation when you get a price on insurance. Most are fairly basic like an MVR report, but others are not quite as obvious like your continuous coverage or how safe your car is.
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Accidents drive up premiums – Drivers who don’t get tickets get better prices than bad drivers. Getting just one citation can bump up the cost by as much as thirty percent. People who have careless tickets such as reckless driving or DUI may find that they have to to complete a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.
The chart below shows how violations and accident claims can affect Chevy Corvette insurance rates for each age group. The premiums assume a single male driver, full coverage, $500 deductibles, and no other discounts are factored in.
- Vehicle features that cut premiums – Driving a car with a theft deterrent system can help lower your premiums. Systems that thwart thieves like GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your vehicle from being stolen.
- Credit history impact auto insurance rates – Having a bad credit rating will be a significant factor in determining premium rates. If your credit can use some improvement, you could pay less to insure your Chevrolet Corvette by repairing your credit. Drivers with high credit scores tend to be better drivers and file fewer claims than those with lower credit scores.
- Liability protection is important – The liability coverage on your policy provides coverage when you are ruled to be at fault for personal injury or accident damage. Your policy’s liability insurance provides legal defense coverage which can be incredibly expensive. Liability is cheap when compared to the cost of physical damage coverage, so do not cut corners here.
- Low mileage costs less – Driving a lot of miles every year the higher your rates will be. Almost all companies charge to insure your cars based on how the vehicle is used. Vehicles that do not get driven very much can get a lower rate as compared to vehicles used primarily for driving to work. Having the wrong rating on your Corvette can cost quite a bit. It’s a smart idea to ensure your policy properly reflects the correct usage.
- Occupation and insurance rates – Do you have a high-stress occupation? Jobs such as real estate brokers, airline pilots, and dentists tend to have the highest average rates in part from stressful work requirements and incredibly demanding work hours. Conversely, careers like professors, athletes and the unemployed pay lower than average rates.
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Claims statistics for a Chevy Corvette – Companies include the past claim history for a vehicle to help determine the price you pay. Vehicles that the data shows to have increased claim numbers or amounts will have a higher cost to insure.
The table below demonstrates the loss history for Chevy Corvette vehicles. For each insurance policy coverage type, the loss probability for all vehicles averaged together is set at 100. Numbers below 100 are indicative of better than average losses, while numbers above 100 indicate frequent claims or an increased chance of larger losses than average.
Car Insurance Loss Data for Chevrolet Corvette Models 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Why you need quality insurance for your Chevy Corvette
Even though it can be expensive, insuring your vehicle may not be optional for several reasons.
- The majority of states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability insurance coverage if you don’t want to risk a ticket. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, it’s most likely the lender will require you to have full coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank or lender will purchase a policy for your Chevy at a more expensive rate and require you to pay a much higher amount than you were paying before.
- Insurance safeguards not only your vehicle but also your financial assets. Insurance will pay for medical expenses for not only you but also any passengers injured in an accident. Liability insurance also pays for attorney fees and expenses if you cause an accident and are sued. If you have damage to your Chevy as the result of the weather or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of having car insurance greatly outweigh the cost, especially with large liability claims. As of last year, the average driver in Ohio overpays more than $855 a year so we recommend shopping around every year to save money.
Smart shoppers get results
We covered some good ideas how you can save on Chevy Corvette insurance in Cleveland. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with some of the lesser-known companies.
When getting Cleveland car insurance quotes online, never sacrifice coverage to reduce premiums. In many instances, someone dropped liability limits or collision coverage to discover at claim time that it was a big error on their part. Your aim should be to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.
Low-cost Chevy Corvette insurance in Cleveland can be found on the web as well as from independent agents in Cleveland, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies may not have price quotes online and usually these smaller providers sell through independent agents.
Even more information can be found at these sites:
- Side Impact Crash Tests (iihs.org)
- Who Has the Cheapest Cleveland Car Insurance Quotes for a Ford Explorer? (FAQ)
- Who Has the Cheapest Cleveland Car Insurance for a GMC Acadia? (FAQ)
- Who Has Affordable Cleveland Auto Insurance for Low Credit Scores? (FAQ)
- How Much is Car Insurance for a Chevrolet Equinox in Cleveland? (FAQ)
- Crash Avoidance Technologies FAQ (iihs.org)
- Older Driver Statistics (Insurance Information Institute)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)