Lower Your 1999 Saab 9-5 Insurance Cost

When looking for cheaper insurance, are you intimidated by the crazy number of insurance coverage sources available to you? You have such a vast assortment of sources available that it can easily turn into a ton of work to compare prices.

If you currently have a car insurance policy, you will most likely be able to cut costs considerably using this information. Buying the lowest cost protection can be fairly easy. But vehicle owners need to have an understanding of the way companies determine prices.

How insurers calculate Saab 9-5 insurance premiums

An important part of buying insurance is that you know the different types of things that are used to determine your policy premiums. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to lower premium levels. Lots of things are used when you quote your car insurance policy. Some are pretty understandable like your driving record, although some other factors are less apparent like your continuous coverage or your commute time.

Shown below are some of the most common factors used by insurance companies to determine your rate level.

  • Premiums are high for teenagers – More mature drivers are proven to be safer behind the wheel, file fewer claims and receive fewer citations.Young drivers have been known to be inattentive and easily distracted when behind the wheel and because of this, their insurance rates are much higher.
  • Rates also based on gender – Over time, data shows that females take fewer risks when driving. However, don’t assume that women are BETTER drivers than men. Both sexes are in accidents in similar numbers, but the males tend to have higher claims. Men also tend to receive more major tickets like DWI (DUI) or reckless driving.
  • Rates increase with driving citations – Attentive drivers pay lower auto insurance prices than people who have multiple driving citations. Having a single citation can increase the cost of insurance by as much as thirty percent. People who have multiple violations such as reckless driving, hit and run or driving under the influence may be required to prove financial responsibility with the DMV in their state in order to prevent a license revocation.
  • Drivers with responsible credit save on insurance – Having a bad credit score factor in calculating your premium rate. If your credit rating can use some improvement, you could pay less to insure your 1999 Saab 9-5 by taking the time to improve your credit score. Drivers who have excellent credit scores tend to file fewer claims and have better driving records than drivers with poor credit scores.
  • Policy add-ons add up – There are quite a few extra coverages you can purchase if you don’t pay attention. Coverages like rental car reimbursement, death and dismemberment, and extra life insurance coverage are some examples. These coverages may sound good at first, but your money might be better spent on other coverage so get rid of them and save.

How to shop insurance coverage online

All major insurance coverage companies make it easy to get pricing on their websites. Doing online quotes is fairly straightforward because it’s just a matter of typing in your personal and coverage information into the form. Behind the scenes, their rating system will order credit information and your driving record and provides a quote based on many factors.

Online price estimates makes it easy to compare insurance prices but the work required to visit each company’s website and repetitively type in the same data can get tiresome after awhile. But it’s absolutely necessary to get many rate quotes if you want to find the best price on insurance coverage.

There is an easier way!

The quickest way to lower your insurance coverage bill uses one form that gets prices from many companies. This type of form saves time, eliminates repetitive work, and makes price shopping online much simpler. As soon as the form is sent, it gets priced with multiple companies and you can pick any or none of the resulting price quotes. If a lower price is quoted, you simply finish the application and buy the new coverage. The entire process only takes a few minutes and may save quite a bit of money.

To find out how much you’re overpaying now, click here and begin entering your coverage information. If you have a policy now, it’s recommended you complete the form with the coverage information exactly as shown on your declarations page. Doing this guarantees you are getting rate comparison quotes for exact coverage.

Do you qualify for discounts?

Companies that sell car insurance don’t always publicize all available discounts very well, so the following list contains a few of the more common and the harder-to-find credits that you can use to lower your rates.

  • Distant Student Discount – Children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus could qualify for this discount.
  • Seat Belts Save – Using a seat belt and requiring all passengers to wear their seat belts can save 10% or more off PIP or medical payments premium.
  • Discounts for Good Drivers – Accident-free drivers can save as much as half off their rates for 9-5 coverage compared to accident prone drivers.
  • More Vehicles More Savings – Purchasing coverage when you have several vehicles on the same car insurance policy could earn a price break for each car.
  • Full Payment Discount – If paying your policy premium upfront as opposed to paying monthly you could save up to 5%.

One thing to note about discounts is that some of the credits will not apply to all coverage premiums. Most only reduce specific coverage prices like collision or personal injury protection. So when the math indicates you can get free auto insurance, companies don’t profit that way. But any discount will definitely lower your policy premium.

Large car insurance companies and some of their more popular discounts include:

  • Progressive has savings for multi-policy, good student, multi-vehicle, homeowner, online signing, continuous coverage, and online quote discount.
  • MetLife may offer discounts for multi-policy, claim-free, accident-free, good driver, defensive driver, and good student.
  • Mercury Insurance offers discounts including type of vehicle, low natural disaster claims, good student, multi-car, and ease of repair.
  • Nationwide policyholders can earn discounts including accident-free, business or organization, Farm Bureau membership, good student, and defensive driving.
  • Geico offers discounts for multi-policy, emergency military deployment, daytime running lights, driver training, and multi-vehicle.
  • AAA offers premium reductions for anti-theft, pay-in-full, good student, education and occupation, multi-policy, AAA membership discount, and multi-car.

Double check with each company or agent how many discounts you can get. Depending on the company, some discounts may not apply to policyholders in your area. For a list of insurers that offer multiple discounts, click here to view.

Don’t assume everyone needs the same auto insurance coverage

When choosing coverage for your personal vehicles, there really is not a perfect coverage plan. Every insured’s situation is different.

For example, these questions could help you determine whether or not you might need professional guidance.

  • Can I afford to buy a different vehicle if my 1999 Saab 9-5 is totaled?
  • Do I pay less for low miles?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I have coverage when making deliveries for my home business?
  • Do I benefit by insuring my home with the same company?
  • Is my 1999 Saab 9-5 covered for flood damage?
  • Is rental equipment covered for theft or damage?
  • Is my state a no-fault state?
  • Is motorclub coverage worth it?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form.

Insurance policy coverages for a Saab 9-5

Understanding the coverages of a insurance policy can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Auto liability – Liability coverage provides protection from damage that occurs to people or other property by causing an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different 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 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for things like medical expenses, repair costs for stationary objects, bail bonds, legal defense fees and pain and suffering. How much coverage you buy is a personal decision, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like dental work, prosthetic devices, doctor visits, ambulance fees and pain medications. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as damage to your 1999 Saab 9-5.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Collision – Collision coverage pays for damage to your 9-5 from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision insurance covers claims such as driving through your garage door, sideswiping another vehicle, colliding with a tree, sustaining damage from a pot hole and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Comprehensive insurance – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like hitting a bird, theft and a tree branch falling on your vehicle. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

A penny saved is a penny earned

We covered many ideas to compare 1999 Saab 9-5 insurance rates online. The key concept to understand is the more companies you get car insurance rates for, the higher the chance of saving money. Consumers may even find the lowest rates come from some of the lesser-known companies.

While you’re price shopping online, it’s very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, an insured cut physical damage coverage to discover at claim time that they should have had better coverage. The proper strategy is to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

Consumers leave their current company for a variety of reasons including unfair underwriting practices, lack of trust in their agent, policy cancellation and even high prices. Regardless of your reason for switching companies, switching companies is not as hard as you think.

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