Want cheaper insurance rates for your Chevrolet Cavalier? Vehicle owners who are new to the process of shopping for insurance coverage online are likely to find locating inexpensive auto insurance is very challenging.
Buying auto insurance is not cheap, but you might already qualify for some discounts that many consumers don’t even know exist. A few discounts will be applied at the time of purchase, but occassionally some discounts must be asked about prior to receiving the credit.
One thing to note about discounts is that some of the credits will not apply the the whole policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, companies don’t profit that way. Any amount of discount will definitely reduce the amount you have to pay.
For a list of insurers that offer discounts, click here to view.
Lots of factors are used in the calculation when premium rates are determined. A few of the factors are predictable such as your driving history, although others are not as apparent such as your credit history or how financially stable you are.When buying auto insurance it’s important to understand some of the elements that help calculate auto insurance rates. If you have a feel for what influences your rates, this allows you to make educated decisions that could result in better auto insurance rates.
The items below are some of the things auto insurance companies consider when setting prices.
When it comes to choosing coverage for your personal vehicles, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs.
For example, these questions might point out if your insurance needs might need an agent’s assistance.
If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.
Understanding the coverages of insurance can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and nobody wants to actually read their policy.
Coverage for medical payments
Med pay and PIP coverage reimburse you for immediate expenses for prosthetic devices, EMT expenses, hospital visits and X-ray expenses. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Collision insurance
Collision insurance will pay to fix damage to your Cavalier resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like rolling your car, crashing into a building and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.
Comprehensive coverages
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as damage from a tornado or hurricane, fire damage, theft and a broken windshield. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Cavalier.
Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.
Liability coverages
This protects you from damages or injuries you inflict on people or other property that is your fault. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit without having the split limit caps.
Liability insurance covers things like court costs, attorney fees and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.
People who switch companies do it for a variety of reasons including unfair underwriting practices, being labeled a high risk driver, high prices and policy cancellation. It doesn’t matter what your reason, choosing a new company is pretty simple and you could end up saving a buck or two.
Throughout this article, we presented a lot of techniques to lower your 1993 Chevy Cavalier insurance premium rates. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the lowest premium rates are with a lesser-known regional company.
Some insurance companies may not provide online rate quotes and most of the time these regional insurance providers sell through independent agents. Cheaper insurance can be sourced on the web and also from your neighborhood agents, and you should compare rates from both to have the best chance of lowering rates.
Much more information about insurance is available at these links: