Lower Your 1994 Dodge Colt Car Insurance Cost

Tired of wondering where the money will come from to keep your car insured? You’re in the same situation as the majority of other vehicle owners.

There are many car insurance companies to insure vehicles with, and although it’s a good thing to have a choice, too many choices makes it more difficult to find the best rates for your vehicles.

Buying affordable coverage is easy if you know what you’re doing. In a nutshell, everyone who buys insurance stands a good chance to be able to cut their insurance bill. But drivers do need to learn how big insurance companies price online insurance because it can help you find the best coverage.

Low cost car insurance prices

To find affordable insurance quotes, there are several ways to compare quotes from car insurance companies in your area. The recommended way to find the cheapest Dodge Colt insurance rates consists of shopping online. It is quite easy and can be accomplished using a couple different methods.

  1. One of the simplest ways to find the lowest comparison rates would be an industry-wide quote request form click here to open form in new window. This type of form prevents you from having to do repetitive form entry for every car insurance company. Taking the time to complete one form will get you rate comparisons from car insurance companies with the best prices.
  2. A less efficient way to find better pricing requires you to visit each company website to complete a price quote. For instance, we’ll assume you want rates from Nationwide, Allstate and Geico. To find out each rate you need to navigate to each company’s site and enter your information, which is why the first method is more popular. For a handy list of car insurance company links in your area, click here.

Take whichever approach you prefer, but try to use apples-to-apples quote information for each price quote. If you use different deductibles it will be very difficult to determine the lowest rate for your Dodge Colt. Having just a slight variation in insurance coverages or limits could skew the results. And when quoting car insurance, remember that comparing all the rates in your area will enable you to find the best offered rates.

Slash your car insurance rates with discounts

Some insurers don’t list every available discount very clearly, so the list below contains some of the more common in addition to some of the lesser obvious ways to save on car insurance.

  • Data Collection Discounts – Policyholders that allow companies to look at when and where they use their vehicle remotely like Allstate’s Drivewise could see a rate decrease as long as they are good drivers.
  • Discount for Passive Restraints – Vehicles with factory air bags or automatic seat belts may get savings of up to 25% or more.
  • Discounts for Seat Belt Usage – Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off the personal injury premium cost.
  • E-sign – A handful of companies may give you up to $50 shop insurance on the internet.
  • Payment Discounts – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid monthly service charges.
  • Early Signing – Some car insurance companies reward drivers for switching companies before your current expiration date. This can save 10% or more.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Dodge could be rewarded with better prices on cars that stay parked.
  • Discount for Home Ownership – Just being a homeowner can earn you a little savings since home ownership requires a higher level of personal finance.

As a sidenote, most discount credits are not given to all coverage premiums. Most only cut the price of certain insurance coverages like medical payments or collision. Even though it appears adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

A list of companies and a selection of discounts are included below.

  • State Farm may have discounts that include multiple policy, multiple autos, Drive Safe & Save, anti-theft, Steer Clear safe driver discount, driver’s education, and good driver.
  • Esurance includes discounts for good student, claim free, renters, good driver, DriveSense, and online shopper.
  • Progressive has savings for online quote discount, homeowner, multi-policy, online signing, and good student.
  • Liberty Mutual policyholders can earn discounts including multi-car, newly retired, exclusive group savings, newly married, new vehicle discount, and teen driver discount.
  • Auto-Owners Insurance discounts include multi-policy, paid in full, mature driver, student away at school, multiple vehicles, and good student.
  • Geico offers premium reductions for membership and employees, seat belt use, driver training, defensive driver, federal employee, and multi-vehicle.

When comparing rates, check with every company what discounts are available to you. All car insurance discounts might not be offered on policies in your area.

How you can control Dodge Colt insurance costs

It’s important that you understand the rating factors that help calculate car insurance rates. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in better car insurance rates.

  • Bundle policies and save – Most major insurance companies will give better rates to customers that purchase more than one policy such as combining an auto and homeowners policy. Discounts can be ten percent or more. Even with this discount applied, it’s still a good idea to shop around to help ensure you have the lowest rates. It’s possible to still find a better deal even if you have your coverage with different companies
  • Discounts for married couples – Walking down the aisle can get you a discount on car insurance. Having a spouse translates into being more stable financially and it’s proven that married drivers get in fewer accidents.
  • With age comes lower premiums – Teen drivers tend to be less responsible behind the wheel so car insurance rates are higher. More experienced drivers are more cautious drivers, cost insurance companies less in claims , and are generally more financially stable.
  • Low stress vocation equals lower car insurance rates – Did you know your career choice can influence rates? Occupations such as fire fightersair traffic controllers and miners are shown to have higher average rates in part from intense work situations and lots of time spent at work. Other professions such as farmers, historians and retirees have lower than average premiums for Colt insurance.
  • Prevent theft and save – Driving a car with a theft deterrent system can save you some money. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.

You are unique and your insurance coverage should be too

When buying adequate coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions might point out if you might need professional guidance.

  • Am I covered if hit by an uninsured driver?
  • Does my policy cover me when driving someone else’s vehicle?
  • Does having multiple vehicles earn me a discount?
  • What exactly is covered by my policy?
  • Why am I required to get a high-risk car insurance policy?
  • Does coverage extend to my business vehicle?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

Learn about auto insurance coverages for a Dodge Colt

Knowing the specifics of your auto insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types offered by auto insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Dodge Colt.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as falling objects, damage from flooding, damage from a tornado or hurricane and hitting a deer. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for immediate expenses such as pain medications, doctor visits and prosthetic devices. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Liability

Liability insurance will cover damage or injury you incur to people or other property by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers claims like structural damage, medical expenses, medical services and legal defense fees. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

Collision coverage protection

Collision insurance will pay to fix damage to your Colt caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as scraping a guard rail, crashing into a ditch, hitting a mailbox and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Make a quick buck

Cost effective 1994 Dodge Colt insurance can be bought from both online companies as well as from insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer online rate quotes and most of the time these smaller companies only sell through local independent agencies.

When getting insurance quotes online, it’s not a good idea to reduce coverage to reduce premium. In many cases, drivers have reduced full coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy enough coverage at the best price, not the least amount of coverage.

In this article, we presented many ideas to save on 1994 Dodge Colt insurance. The key concept to understand is the more you quote insurance, the more likely it is that you will get a better rate. You may even find the biggest savings come from a smaller regional carrier. Regional companies can often provide lower rates in certain areas than the large multi-state companies such as State Farm, Geico and Nationwide.

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