Shopping for more affordable Tulsa Chevy Corvette insurance quotes may be overwhelming for beginners to buying insurance on the internet. Because there are so many insurers available, how can Tulsa drivers have time to compare every company to locate the cheapest price possible?
It’s safe to assume that car insurance companies want to keep you from comparing prices. Drivers who get comparison quotes at least once a year are inclined to move their business because there is a great chance of finding discount prices. A recent survey found that people who compared rates regularly saved as much as $3,400 over four years compared to policyholders who never compared prices.
If finding the lowest price for car insurance is your ultimate goal, understanding how to shop and compare cheaper coverage can help simplify the task of finding more affordable coverage.
You should take the time to get comparison quotes once or twice a year because insurance prices change frequently. Despite the fact that you may have had the best rates on Chevy Corvette insurance in Tulsa on your last policy the chances are good that you can find a lower rate quote today. Ignore everything you know about auto insurance because you’re about to find out the quickest way to save money, get proper deductibles and limits, all at the lowest rate.
Quoting affordable protection in Tulsa is actually quite simple. In essence, every vehicle owner who needs cheaper insurance will find a lower-cost policy. Nevertheless, Oklahoma car owners must comprehend how companies price online insurance and apply this information to your search.
Car insurance providers offering low-cost prices in Oklahoma
The car insurance companies shown below can provide free quotes in Oklahoma. If you want to find the best cheap auto insurance in OK, we recommend you click on several of them to get the most affordable price.
Statistics and details
The data table below outlines different insurance costs for Chevy Corvette models. Having a good grasp of how insurance prices are formulated can help customers make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $284 | $638 | $384 | $22 | $116 | $1,444 | $120 |
| Corvette GS 2-Dr Coupe | $338 | $712 | $384 | $22 | $116 | $1,572 | $131 |
| Corvette 2-Dr Convertible | $338 | $712 | $496 | $30 | $148 | $1,724 | $144 |
| Corvette GS 2-Dr Convertible | $364 | $786 | $496 | $30 | $148 | $1,824 | $152 |
| Corvette Z06 2-Dr Coupe | $364 | $786 | $384 | $22 | $116 | $1,672 | $139 |
| Corvette ZR1 2-Dr Coupe | $470 | $1082 | $384 | $22 | $116 | $2,074 | $173 |
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Prices do not factor in specific Tulsa garaging location which can lower or raise prices significantly.
Physical damage deductibles
One of the most common insurance questions is which deductible level should you buy. The figures shown below lay out the price difference when you select higher and lower deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $480 | $896 | $296 | $18 | $88 | $1,803 | $150 |
| Corvette GS 2-Dr Coupe | $570 | $1000 | $296 | $18 | $88 | $1,997 | $166 |
| Corvette 2-Dr Convertible | $570 | $1000 | $382 | $22 | $114 | $2,113 | $176 |
| Corvette GS 2-Dr Convertible | $614 | $1104 | $382 | $22 | $114 | $2,261 | $188 |
| Corvette Z06 2-Dr Coupe | $614 | $1104 | $296 | $18 | $88 | $2,145 | $179 |
| Corvette ZR1 2-Dr Coupe | $792 | $1520 | $296 | $18 | $88 | $2,739 | $228 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Corvette 2-Dr Coupe | $296 | $564 | $296 | $18 | $88 | $1,262 | $105 |
| Corvette GS 2-Dr Coupe | $352 | $630 | $296 | $18 | $88 | $1,384 | $115 |
| Corvette 2-Dr Convertible | $352 | $630 | $382 | $22 | $114 | $1,500 | $125 |
| Corvette GS 2-Dr Convertible | $380 | $694 | $382 | $22 | $114 | $1,592 | $133 |
| Corvette Z06 2-Dr Coupe | $380 | $694 | $296 | $18 | $88 | $1,476 | $123 |
| Corvette ZR1 2-Dr Coupe | $490 | $956 | $296 | $18 | $88 | $1,848 | $154 |
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in your specific Tulsa location which can alter premiums greatly.
Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you roughly $55 more each month or $660 for a full year across all Chevrolet Corvette models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 14 months between claim filings, you would come out ahead going with the higher deductible. The table below shows an example of how this calculation is made.
| Average monthly premium for $250 deductibles: | $181 |
| Average monthly premium for $1,000 deductibles (subtract): | – $126 |
| 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 |
One thing to be aware of is that higher deductibles means you will have to pay more out-of-pocket at claim time. That will necessitate some available funds in order to pay the higher deductible.
Cost difference between full coverage and liability
The diagram below visualizes the comparison of Chevy Corvette car insurance costs with full coverage compared to only the Oklahoma minimum liability coverage. The rate quotes are based on no claims or driving citations, $100 deductibles, drivers are single, and no discounts are taken into consideration.
When to drop full coverage
There isn’t a steadfast formula to stop buying physical damage insurance, but there is a general guideline. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Chevy Corvette settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $7,000 after the policy deductible has been paid. If premium cost is more than $700 annually for full coverage, then you might consider buying liability only.
There are some circumstances where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not buy liability only.
Cut Insurance Costs with These Tips
Many different elements are part of the equation when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, but some are more transparent such as your credit history and annual miles driven.
The following are a partial list of the pieces that factor into your premiums.
Discounts for multiple policies – Most larger companies will award a discount to clients who buy several policies from them. It’s known as a multi-policy discount. This can amount to 10 percent or more. Even if you’re getting this discount you still need to compare other Tulsa Corvette insurance rates to help guarantee you have the best rates. You may still find better rates by buying insurance from more than one company.
Save money by raising deductibles – The deductibles define the amount you are required to spend before a claim is paid by your company. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some examples of covered claims are a windshield broken by a bird, animal collisions, and damage from wind. The more money you pay before a claim is paid (deductible), the lower your rates will be.
Gender and car insurance costs – Statistics have proven women are more cautious behind the wheel. However, this does not mean females are better drivers. Men and women tend to get into auto accidents at a similar rate, but males cause more damage. Men also statistically have more aggressive citations such as DWI and reckless driving. Young men ages 16 to 20 are several times more likely to be in an accident so it costs more to insure them.
The information below illustrates the difference between Chevy Corvette insurance rates for male and female drivers. The premium estimates are based on a clean driving record, no claims, full physical damage coverage, $100 deductibles, single status, and no other discounts are factored in.
Liability insurance is critical – A critical coverage on your policy, liability insurance will provide protection if you are responsible for personal injury or accident damage. Liability provides legal defense coverage to attempt to prove you were not liable. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
With age comes lower rates – Older, more experienced drivers are viewed as being more responsible, cost insurance companies less in claims, and tend to be get fewer driving tickets. Beginning drivers tend to be careless and easily distracted when driving therefore insurance rates are much higher.
The following data is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.
Safer cars save money – Cars with five star safety ratings are cheaper to insure. Highly rated vehicles reduce the chance of injuries and lower injury rates translates into fewer and smaller insurance claims which can mean better rates for you.
Gaps in coverage mean higher premiums – Driving any period of time without insurance can get your license suspended and your next policy will cost more because you let your coverage lapse. And not only will insurance be more expensive, being ticketed for driving with no insurance can result in a hefty fine and possibly a revoked license.
Insurance loss statistics a Chevy Corvette – Insurance companies use claims history as a way to help calculate a profitable premium rate. Vehicles that the statistics show to have higher claim amounts or frequency will have a higher cost to insure.
The table below shows the actual insurance loss data for Chevy Corvette vehicles. For each policy coverage type, the claim amount for all vehicles, regardless of make or model, is set at 100. Percentage numbers below 100 mean the vehicle has better than average losses, while percentage numbers above 100 point to more frequent losses or tendency to have larger claims.
| 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 IIHS.org for 2013-2015 Model Years
Reduce your car insurance rates with discounts
Some insurers don’t list their entire list of discounts in a way that’s easy to find, so the list below gives a summary of some of the best known as well as some of the hidden credits that may apply to you.
- Senior Discount – Mature drivers are able to get a slight reduction on a Tulsa car insurance quote.
- Home Ownership Discount – Being a homeowner may earn you a small savings since owning and maintaining a home requires personal responsibility.
- Air Bag Discount – Factory air bags can qualify for discounts of 20% or more.
- ABS Brakes – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.
- Defensive Driver – Taking a driver safety class may get you a small discount and make you a better driver.
- Multiple Vehicles – Buying insurance for multiple vehicles on one policy may reduce the rate for each vehicle.
- Life Insurance Discount – Insurance carriers who offer life insurance give a lower rate if you buy auto and life insurance together.
One thing to note about discounts is that most credits do not apply to the entire cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it appears you would end up receiving a 100% discount, you’re out of luck.
The information below illustrates the comparison of Chevy Corvette premium costs with and without discounts. The premiums are based on a female driver, no violations or claims, Oklahoma state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, multi-policy, safe-driver, and homeowner discounts applied.
The best car insurance companies and their offered discounts are shown below.
- GEICO may have discounts that include membership and employees, anti-theft, seat belt use, federal employee, and air bags.
- Mercury Insurance discounts include good student, good driver, annual mileage, type of vehicle, and anti-theft.
- Farmers Insurance has savings for bundle discounts, youthful driver, multi-car, pay in full, and distant student.
- Auto-Owners Insurance may offer discounts for safe driver, company car, student away at school, air bags, mature driver, multiple vehicles, and paid in full.
- Liberty Mutual offers discounts including new graduate, new vehicle discount, multi-car, teen driver discount, safety features, hybrid vehicle, and good student.
- SAFECO includes discounts for drive less, bundle discounts, teen safe driver, anti-theft, multi-car, safe driver, and teen safety rewards.
- Progressive offers premium reductions for continuous coverage, multi-vehicle, multi-policy, online quote discount, homeowner, and good student.
- USAA has discounts for multi-vehicle, new vehicle, driver training, vehicle storage, and multi-policy.
If you need affordable Tulsa car insurance quotes, ask all companies you are considering which discounts they offer. Discounts may not be offered everywhere. To find providers with the best discounts in Tulsa, follow this link.
Compare prices but buy from a local neighborhood Tulsa car insurance agent
A lot of people would rather get advice from a local agent. One of the great benefits of getting free rate quotes online is you can get lower rates and still have a local agent. Buying from local agents is important particularly in Tulsa.
For easy comparison, once you complete this simple form, the coverage information is immediately sent to local insurance agents in Tulsa who can give free rate quotes for your insurance coverage. You don’t have to contact an agency as quotes are delivered instantly to you. You can most likely find cheaper rates AND a local agent. If for some reason you want to compare prices from a specific auto insurance provider, you can always navigate to their website to submit a rate quote request.
Listed below is a short list of auto insurance companies in Tulsa that can give you rate quotes for Chevy Corvette insurance in Tulsa.
- Sawyer-Phillips and Associates, Inc.
6666 S Sheridan Rd #220 – Tulsa, OK 74133 – (918) 794-4000 – View Map - All American Insurance Agency
6145 E 21st St – Tulsa, OK 74114 – (918) 832-8823 – View Map - Bracken Insurance Agency
9717 E 42nd St, Suite 105 – Tulsa, OK 74146 – (918) 744-4440 – View Map - Cathy Warren – State Farm Insurance Agent
6119 E 91st St Ste 100 – Tulsa, OK 74137 – (918) 481-6655 – View Map
Choosing the best insurer needs to be determined by more than just a cheap quote. Ask your prospective agent these questions:
- Does the agency have a good rating with the Better Business Bureau?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- What insurance companies do they work with in Tulsa?
- Do they offer accident forgiveness?
- Does the agent recommend any additional coverage?
- What company holds the largest book of business for them?
Best car insurance in Tulsa
Picking the right company can be challenging considering how many companies there are in Oklahoma. The company ratings shown below may help you choose which auto insurance companies you want to consider purchasing from.
Top 10 Tulsa Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Top 10 Tulsa Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Car insurance is unique, just like you
When selecting coverage for your personal vehicles, there really is not a one-size-fits-all type of policy. Everyone’s needs are different so your insurance needs to address that.
Here are some questions about coverages that may help highlight whether your personal situation could use an agent’s help.
- Am I covered when driving someone else’s vehicle?
- Do I have newly-acquired coverage?
- When should I remove comp and collision on my Chevy Corvette?
- How do I insure my teen driver?
- What if I don’t agree with a claim settlement offer?
- Do I have coverage when making deliveries for my home business?
- What companies insure drivers after a DUI or DWI?
- What is the minimum liability in Oklahoma?
If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Cheaper car insurance is a realistic goal
As you prepare to switch companies, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where drivers have reduced full coverage and discovered at claim time that they should have had better coverage. The proper strategy is to buy enough coverage at the best price, but do not sacrifice coverage to save money.
We covered a lot of information how to lower your Chevy Corvette insurance rates in Tulsa. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding inexpensive Tulsa car insurance quotes. Consumers may even find the lowest priced car insurance comes from an unexpected company. Some small companies often have lower auto insurance rates on specific markets compared to the large companies like Allstate or State Farm.
Steps to finding cheaper rates for Chevy Corvette insurance in Tulsa
If saving money is your primary concern, then the best way to find affordable quotes for Chevy Corvette insurance is to start comparing prices regularly from providers in Tulsa.
- Step 1: Take a little time to learn about how companies set rates and the factors you can control to prevent expensive coverage. Many policy risk factors that cause rate increases such as accidents, careless driving, and an unfavorable credit rating can be controlled by paying attention to minor details.
- Step 2: Compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or State Farm, while independent agents can provide price quotes for a wide range of companies. Compare rates now
- Step 3: Compare the new rate quotes to your existing rates and determine if there is any savings. If you can save some money and buy the policy, ensure there is no coverage lapse between policies.
The key thing to know about shopping around is to use the same liability limits and deductibles on every price quote and and to get price quotes from as many auto insurance providers as possible. Doing this guarantees a fair price comparison and a thorough price selection.
Much more information about car insurance in Oklahoma can be found at these links:
- Side Impact Crash Tests (iihs.org)
- Who Has the Cheapest Tulsa Auto Insurance for 19 Year Olds? (FAQ)
- Who Has Affordable Auto Insurance for Drivers Requiring a SR22 in Tulsa? (FAQ)
- Who Has Affordable Car Insurance for 4×4 Vehicles in Tulsa? (FAQ)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Auto Insurance Basics (Insurance Information Institute)