Owning a Corvette is part of the American dream, but how much will that dream impact your insurance premiums?
According to statistics, insuring a Corvette may not present a serious challenge to your household budget as you may think. Even though the car comes with a hefty price tag, other factors come into play when determining insurance premiums. For instance, a Corvette has a rich history as a relatively safe vehicle to drive. Another factor to consider is the amount of money required to repair or replace parts. Corvettes are manufactured in the USA and it’s easy to find spare parts and mechanics to work on them.
You Need a Crystal Ball to Predict the Exact Cost of your Insurance Premiums
Insurance costs are not etched in stone. Your age is a driving point when considering the cost of your insurance premiums. If you are a young driver, you may need to pay more money to insure a Corvette. Younger drivers tend to experience more frequent road accidents. Expect to pay a higher or lower amount to insure your Corvette depending on whether you have a clean slate as a responsible driver.
Cultivate your Credit Score to Ensure Lower Interest Rates
Your credit score is worthy of consideration. Before rushing out the front door to buy a Corvette, make sure you have a fairly high credit score to ensure lower insurance premiums. You can expect a higher insurance rate if you have a low credit score or even no credit history. Lenders want to see evidence that you pay for your expenses and bills on time. If you have been a responsible person when using your credit cards, you may end up paying less money to insure your Chevrolet Corvette.
Get Free Insurance Quotes Online
You can always remove some of the mystery when you obtain a few complimentary insurance quotes. The quotes will match your individual statistics including your exact age, the location of your vehicle and whether your Corvette is a classic automobile or a contemporary car. When you obtain free quotes, you can compare insurance premium rates and the benefits offered by other agencies.
Insure your Corvette for Less than $2,000 Per Year
Nevertheless, expect to pay somewhere in the neighborhood of $1,800 per year to insure your Corvette. Less than $2,000 a year is a reasonable price to pay for insuring an all-American muscle car with an impressive history. If you have excellent credit and earn a decent salary, your dream of owning and insuring a Corvette is both realistic and affordable. Your next option is to visit your Rick Hendrick Corvette dealer and ask for a test-drive.