Insurance rates Chevy Corvette in HonoluluDo you need a better way to compare more affordable Chevy Corvette insurance in Honolulu? Having to pay for overpriced insurance in Honolulu can sap your bank account and force you to cut corners elsewhere. Performing a price comparison is a smart way to ensure you are getting the best deal.

Amazingly, a recent NerdWallet.com study showed that most drivers in Hawaii have remained with the same insurance company for four years or more, and 38% of customers have never even compared quotes to find cheaper rates. American drivers could save nearly $859 a year, but they just don't understand how easy it is to save money by comparing rate quotes. Multiple insurers compete for your insurance dollar, so it can be very hard to choose a insurer to get the best price available on Chevy Corvette insurance in Honolulu.

Consumers should take time to shop coverage around before your next renewal because prices are variable and change quite frequently. Even if you got the best quotes on Chevy Corvette insurance in Honolulu a couple years back there may be better deals available now. You'll find quite a bit of inaccurate information about Corvette insurance on the internet, but I'm going to show you some solid techniques on how to find cheap insurance in Honolulu.

Lower Insurance Rates with These Tips

Many different elements are part of the calculation when premium rates are determined. Most are fairly basic such as traffic violations, but other factors are not quite as obvious such as your marital status and annual miles driven.

The companies shown below are our best choices to provide comparison quotes in Hawaii. If multiple providers are shown, we suggest you visit two to three different companies to get a more complete price comparison.

Chevrolet Corvette Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $272 $650 $198 $12 $60 $1,192 $99
Corvette GS 2-Dr Coupe $160 $308 $164 $10 $50 $692 $58
Corvette 2-Dr Convertible $364 $690 $230 $14 $68 $1,366 $114
Corvette GS 2-Dr Convertible $310 $646 $212 $12 $64 $1,244 $104
Corvette Z06 2-Dr Coupe $448 $956 $236 $14 $70 $1,724 $144
Corvette ZR1 2-Dr Coupe $330 $564 $228 $14 $68 $1,204 $100
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Rate information does not factor in the specific area where the vehicle is garaged which can influence coverage rates noticeably.

Rate difference between full and liability-only coverage

The example below shows the comparison of Chevrolet Corvette yearly insurance costs when comparing full coverage to liability only. The premium estimates are based on no claims or driving violations, $250 deductibles, single male driver, and no policy discounts are applied.

Are you wasting money on full coverage?

There isn't a written rule for phasing out comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let's say your Chevrolet Corvette settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $3,000 after you pay the deductible. If you are currently paying more than $300 a year for full coverage, then it might be time to buy liability only.

There are some cases where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Can higher deductibles save money?

When buying car insurance, a common question is how high should the physical damage deductibles be. The figures shown below determine the differences in premium rates of buying low and high comp and collision deductibles. The first rate estimation uses a $100 physical damage deductible and the second rate table uses a $500 deductible.

Chevrolet Corvette insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $316 $632 $174 $10 $52 $1,209 $101
Corvette GS 2-Dr Coupe $374 $704 $174 $10 $52 $1,339 $112
Corvette 2-Dr Convertible $374 $704 $226 $14 $68 $1,411 $118
Corvette GS 2-Dr Convertible $404 $778 $226 $14 $68 $1,515 $126
Corvette Z06 2-Dr Coupe $404 $778 $174 $10 $52 $1,443 $120
Corvette ZR1 2-Dr Coupe $520 $1072 $174 $10 $52 $1,853 $154
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Chevrolet Corvette insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Corvette 2-Dr Coupe $230 $426 $174 $10 $52 $892 $74
Corvette GS 2-Dr Coupe $274 $476 $174 $10 $52 $986 $82
Corvette 2-Dr Convertible $274 $476 $226 $14 $68 $1,058 $88
Corvette GS 2-Dr Convertible $294 $526 $226 $14 $68 $1,128 $94
Corvette Z06 2-Dr Coupe $294 $526 $174 $10 $52 $1,056 $88
Corvette ZR1 2-Dr Coupe $380 $724 $174 $10 $52 $1,340 $112
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in garaging location in Honolulu which can change prices significantly.

Based on the data above, we can derive that using a $100 deductible will cost you about $32 more each month or $384 every year than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at least 13 months between claims, you would probably save some money if you decide on a higher deductible.

Insurance rate increases from tickets or accidents

The illustration below highlights how speeding tickets and at-fault fender-benders raise Chevrolet Corvette annual premium costs for different age groups. The rate quotes are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.

Buying the right Corvette insurance in Hawaii is an important decision

Despite the fact that car insurance is not cheap in Honolulu, car insurance is required in Hawaii but it also protects you in many ways.

The benefits of carrying adequate insurance greatly outweigh the cost, particularly if you ever have a claim. But the average American driver is overpaying over $700 annually so compare rates once a year at a minimum to make sure the price is not too high.

Discounts can help lower rates on Chevy Corvette insurance in Honolulu

Insurance can be prohibitively expensive, but you may find discounts to help offset the cost. Some discounts will apply at the time of quoting, but some may not be applied and must be asked for before being credited.Cheaper insurance with discounts

As a sidenote, most discounts do not apply the the whole policy. Most only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears all those discounts means the company will pay you, you aren't that lucky.

A few of the larger companies and a summarized list of policyholder discounts are:

If you want affordable Honolulu car insurance quotes, ask every insurance company which discounts they offer. Some credits might not apply in your state.

Compare prices but still have a local Honolulu insurance agent

A lot of people just want to talk to a local agent and that is not a bad decision Agents are trained risk managers and will help you if you have claims. One of the best bonuses of comparing insurance prices online is that drivers can save money and get better rates and still choose a local agent. Supporting local agents is definitely important in Honolulu.

Honolulu insurance agentsFor easy comparison, once you complete this form (opens in new window), the quote information is transmitted to insurance agents in Honolulu who will return price quotes for your coverage. It's much easier because you don't need to do any legwork because quoted prices will be sent to you. If you have a need to compare rates from a particular provider, feel free to navigate to their website and give them your coverage information.

The following is a list of insurance companies in Honolulu that can give you comparison quotes for Chevy Corvette insurance in Honolulu.

Allstate Insurance: Valerie Nagaji
4211 Waialae Ave #8080 - Honolulu, HI 96816 - (808) 735-2841 - View Map


1016 Kapahulu Ave #250 - Honolulu, HI 96816 - (808) 734-3265 - View Map


1440 Kapiolani Blvd # 950 - Honolulu, HI 96814 - (808) 942-5353 - View Map


1100 Ward Ave # Main, Honolulu, HI 96814, Honolulu, 96818 - Honolulu, HI 96818 - (808) 527-7777 - View Map

More Honolulu agents

Picking the best insurance company requires more thought than just the quoted price. Here are some questions you should ask.

After you get good feedback for all questions you ask and a low price estimate, chances are good that you have found an insurer that will provide car insurance coverage.

Compare but don't skimp

In this article, we covered a lot of tips how to shop for Chevy Corvette insurance online. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from some of the lesser-known companies. These companies may have significantly lower prices on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.

Some companies don't offer online rate quotes and usually these small insurance companies provide coverage only through independent agents. Discount Chevy Corvette insurance can be bought both online and from local insurance agents, and you should be comparing both to get a complete price analysis.

Additional insurance information is located on the following sites: