Cheaper 1998 Chevrolet Venture Insurance Cost

Want lower auto insurance rates for your Chevrolet Venture? Wish you could get out of overpriced auto insurance? Believe me when I say you are not the only one feeling buyer’s remorse. Online insurance companies like Allstate and Progressive all claim big savings with TV and radio ads and consumers find it hard to ignore the propoganda and take the time to shop coverage around.

Consumers should take time to price shop coverage every six months due to the fact that insurance prices trend upward over time. Even if you think you had the best rates for Venture coverage on your last policy you will most likely find a better premium rate today. There is a lot of bad advice regarding auto insurance out there, but you can learn some of the best techniques to lower your auto insurance rates.

If you have a current car insurance policy or are looking for a new policy, you will benefit by learning to shop for the lowest rates while maintaining coverages. Buying car insurance is not rocket science. Drivers only need to know the most effective way to shop online.

Lower-cost insurance rates with discounts

Insurance is not an enjoyable expense, but there are discounts available that could help you make your next renewal payment. Some of these disounts will be visible at the time of purchase, but a few must be manually applied prior to receiving the credit. If you don’t get every credit you qualify for, you may be paying too high a price.

  • Buy New and Save – Buying a new car model can cost up to 25% less since newer vehicles are generally safer.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education if it’s offered in school.
  • Theft Prevention Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and qualify for as much as a 10% discount.
  • Pay Upfront and Save – By paying your policy upfront rather than paying in monthly installments you can avoid the installment charge.
  • College Student Discount – Older children who live away from home at college and don’t have a car could qualify for this discount.

You should keep in mind that most discount credits are not given to all coverage premiums. The majority will only reduce individual premiums such as liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, companies don’t profit that way.

Larger insurance companies and the discounts they provide can be read below.

  • Geico may include discounts for multi-policy, five-year accident-free, anti-lock brakes, anti-theft, good student, membership and employees, and multi-vehicle.
  • Travelers may have discounts that include home ownership, multi-policy, multi-car, save driver, student away at school, and hybrid/electric vehicle.
  • Farm Bureau has savings for renewal discount, good student, youthful driver, safe driver, driver training, and multi-vehicle.
  • Liberty Mutual offers premium reductions for safety features, preferred payment discount, new move discount, exclusive group savings, multi-policy, teen driver discount, and hybrid vehicle.
  • American Family offers discounts including TimeAway discount, defensive driver, air bags, mySafetyValet, multi-vehicle, and accident-free.
  • Progressive has discounts for multi-vehicle, online quote discount, online signing, good student, and multi-policy.

Before purchasing a policy, check with all the companies which discounts you may be entitled to. Some discounts might not be offered in every state.

Lower your insurance prices

A large part of saving on auto insurance is knowing the rating factors that play a part in calculating your policy premiums. When you understand what determines base rates, this empowers consumers to make smart changes that may result in lower auto insurance prices.

  • Low coverage deductibles mean high costs – Your deductibles state the amount of money you are willing to pay before a claim is paid by your company. Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered would be collision with another vehicle, collision with a deer, or theft of your vehicle. The more money you are required to pay out-of-pocket, the lower your rates will be for Venture coverage.
  • Lower rates with GPS tracking and theft deterrents – Choosing a vehicle with an alarm system can earn a premium discount. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping car theft.
  • Rates for men may be higher – Over the last 30 years, statistics show that females tend to be a little less risky than males. Now that doesn’t mean men are worse drivers. Women and men cause fender benders at about the same rate, but the men cause more damage and cost insurance companies more money. Not only are claims higher, but men receive more major tickets like DWI (DUI) or reckless driving.
  • Costs and your address – Residing in small towns and rural areas has definite advantages when shopping for auto insurance. Drivers in populated areas regularly have more road rage incidents and longer commutes to work. Fewer drivers means less chance of accidents and a lower car theft rate.
  • File a policy claims and pay more – Companies award most affordable rates to policyholders who do not file claims often. If you file a lot of claims you can expect either policy cancellation or increased premiums. Auto insurance is intended for more catestrophic claims.
  • Liability coverage – Your auto insurance policy’s liability coverage kicks in if ever a court rules you are at fault for damages caused by your negligence. Liability provides legal defense to attempt to prove you were not liable. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so do not cut corners here.

Tailor your insurance coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions can help discover whether you would benefit from professional advice.

  • Do I need added coverage for expensive stereo equipment?
  • What if I total my 1998 Chevy Venture and owe more than it’s worth?
  • Do I have coverage when using my vehicle for my home business?
  • What is the ISO rating for a 1998 Chevy Venture?
  • Is my cargo covered for damage or theft?
  • Is other people’s property covered if stolen from my vehicle?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Can you really save $413 a year?

Consumers get pounded daily by advertisements that promise big savings from the likes of Allstate and Progressive. They all seem to tend to make the same promise about saving some big amount after switching your policy.

How is it plausible that every one can say the same thing? It’s all in the wording.

Insurance companies can use profiling for the type of driver that will most likely be profitable. A good example of this type of insured should be married and over the age of 30, has a clean driving record, and has excellent credit. Any driver that meets those criteria will get the preferred rates as well as save when they switch companies.

People who are not a match for the ideal profile will probably be forced to pay a higher rate and ends up with the customer buying from someone else. The ads state “drivers who switch” not “everyone that quotes” save money. That’s why companies can truthfully make claims that they all have the best premium rates. This illustrates why it is so important to get a wide range of price quotes. It’s not possible to predict which company will have the lowest rates.

Specific coverage details

Having a good grasp of a insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages offered by insurance companies.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like EMT expenses, surgery, hospital visits and dental work. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive protection – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, falling objects and fire damage. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability insurance – This coverage protects you from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims like repair bills for other people’s vehicles, medical expenses and loss of income. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Uninsured or underinsured coverage – This gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is very important.

Collision – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, sustaining damage from a pot hole, crashing into a ditch and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

Don’t be a big spender

Cheap 1998 Chevy Venture insurance can be sourced on the web and also from your neighborhood agents, so get free car insurance quotes from both of them in order to have the best price selection to choose from. Some insurance companies don’t offer the ability to get quotes online and these regional carriers prefer to sell through independent agents.

When getting car insurance quotes online, make sure you don’t skimp on coverage in order to save money. In many instances, consumers will sacrifice full coverage and learned later that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

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