Are you tired of not being able to afford to pay high insurance coverage rates every month? You’re in the same situation as many other people. Because you have many choices, it is very difficult to find the lowest cost insurance coverage provider.
Consumers should take time to do price comparisons every six months because insurance coverage prices go up and down regularly. If you had the best price on Lumina coverage six months ago you can probably find a better rate now. Forget anything you know (or think you know) about insurance coverage because we’re going to show you the only way to lower your annual insurance bill.
Pricing the lowest cost coverage is quite easy. If you have insurance now or are looking for a new policy, you can follow these tips to find better prices and still get good coverage. Drivers just need to understand the proper methods to compare company rates over the internet.
Not many people think insurance is cheap, but there could be available discounts that you may not even know about. A few discounts will automatically apply at quote time, but some may not be applied and must be manually applied before you get the savings.
A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like comprehensive or collision. So even though you would think having all the discounts means you get insurance for free, that’s just not realistic.
If you would like to see a list of providers who offer free insurance quotes, click here.
When choosing the best insurance coverage, there isn’t really a cookie cutter policy. Every situation is different so your insurance needs to address that. For instance, these questions may help you determine if your situation would benefit from professional advice.
If you don’t know the answers to these questions then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, free and may give you better protection.
Consumers can’t escape the ads that promise big savings for switching from the likes of State Farm, Geico and Progressive. All the ads tend to make the same promise about how much you will save if you switch your car insurance policy to them.
How does every company claim to save you money? It’s all in the words they use.
Different companies give the cheapest rates for the type of customer that will be a good risk. For instance, a profitable customer may be between the ages of 30 and 50, has never had a claim, and does not commute to work. Any customer who matches that profile gets the lowest auto insurance rates and will probably save a lot of money.
Insureds who fall outside those criteria will probably have to pay a more expensive rate and business not being written. If you pay close attention to the ads, they say “drivers that switch” not “everyone who quotes” can get the lowest rates when switching. This is how insurance companies can make those statements.
Because each company has a different risk profile, it’s extremely important to do a price quote comparison at every renewal. It is impossible to guess with any certainty which company will have the best auto insurance rates.
Knowing the specifics of insurance helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages found on most insurance policies.
Uninsured and underinsured coverage
Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your 1997 Chevy Lumina.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.
Liability coverages
This provides protection from damage that occurs to a person or their property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage protects against claims like medical services, funeral expenses and loss of income. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible.
Collision insurance
This coverage pays for damage to your Lumina resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims like colliding with another moving vehicle, hitting a parking meter, damaging your car on a curb, sustaining damage from a pot hole and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to save money on collision insurance.
Comprehensive coverages
This pays for damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as theft, falling objects, damage from flooding, damage from getting keyed and hitting a deer. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Coverage for medical payments
Coverage for medical payments and/or PIP pay for bills such as chiropractic care, prosthetic devices, doctor visits and X-ray expenses. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They 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 but can be used in place of medical payments coverage
Cheaper 1997 Chevy Lumina insurance is possible both online and from local insurance agents, so you should compare both to have the best rate selection. Some insurance companies do not provide price quotes online and most of the time these small, regional companies only sell coverage through local independent agencies.
While you’re price shopping online, don’t be tempted to skimp on coverage in order to save money. In many cases, consumers will sacrifice collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase plenty of coverage for the lowest cost while still protecting your assets.