Are you irritated from robbing Peter to pay Paul to keep your car insured? You are in the same boat as most other consumers.
Multiple insurers compete to insure your vehicles, and it can be difficult to compare rates to find the best price available.
It’s a good idea to get comparison quotes yearly because insurance rates fluctuate regularly. Even if you got the lowest premium rates on Achieva coverage last year other companies may now be cheaper. Ignore everything you know about insurance coverage because I’m going to teach you the right way to lower your annual insurance bill.
Companies offering auto insurance don’t necessarily list every discount very clearly, so the list below details both well-publicized and the harder-to-find credits that may apply to you.
Discounts lower rates, but many deductions do not apply to your bottom line cost. Most only apply to specific coverage prices like liability, collision or medical payments. So even though you would think you could get a free auto insurance policy, auto insurance companies aren’t that generous.
To see companies that offer multiple discounts, click here to view.
When it comes to buying the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions may help highlight whether your personal situation will benefit from professional help.
If it’s difficult to answer those questions, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.
Learning about specific coverages of a car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages found on most car insurance policies.
Collision coverage protection
Collision insurance will pay to fix damage to your Achieva resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like colliding with another moving vehicle, crashing into a building, crashing into a ditch, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.
Uninsured/Underinsured Motorist coverage
This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive coverage
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things like vandalism, falling objects, hail damage and fire damage. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Coverage for liability
This coverage can cover damage that occurs to a person or their property. This insurance protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.
Liability can pay for things such as legal defense fees, repair costs for stationary objects and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage pay for bills such as hospital visits, chiropractic care, pain medications, ambulance fees and surgery. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Throughout this article, we presented some good ideas how to save on 1994 Oldsmobile Achieva insurance. The key concept to understand is the more quotes you get, the better your chances of lowering your car insurance rates. You may even find the lowest rates come from an unexpected company. Some small companies may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as State Farm, Geico and Nationwide.
Some insurance companies may not offer internet price quotes and many times these small, regional companies only sell through independent agencies. Low-cost 1994 Oldsmobile Achieva insurance can be purchased from both online companies and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture.
More information is available below: