2001 Chevrolet Lumina Insurance Quotes

No sane person likes having to buy insurance, especially when they could lower their rates if they shopped around. There are many car insurance companies to purchase coverage from, and even though it’s nice to have multiple companies, it makes it harder to compare rates and find the lowest cost insurance.

Use discounts on insurance

Car insurance is not cheap, but you might find some hidden discounts to help offset the cost. A few discounts will be applied when you quote, but less common discounts must be inquired about prior to receiving the credit.

  • Drive Less and Save – Keeping the miles down on your Chevy may enable drivers to earn cheaper insurancerates.
  • Buy New and Save – Adding a new car to your policy can be considerably cheaper since new vehicles have better safety ratings.
  • Defensive Driver – Successfully completing a course in defensive driving is a good idea and can lower rates and easily recoup the cost of the course.
  • Distant College Student Discount – Youth drivers who live away from home to go to college and do not have a car may be able to be covered for less.
  • Renewal Discounts – A few companies give discounts for buying a new policy before your current coverage expires. This can save 10% or more.
  • Cautious Driver Discounts – Safe drivers may receive a discount up to 45% on Lumina coverage than drivers with accidents.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems may get savings of 20 to 30 percent.
  • Multiple Cars – Buying coverage for more than one vehicle with the same insurance company can reduce the rates for all insured vehicles.

It’s important to understand that some of the credits will not apply to the entire policy premium. Most only reduce the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

Large insurance companies and their possible discounts are:

  • Farmers Insurance may include discounts for youthful driver, distant student, business and professional, homeowner, and multi-car.
  • State Farm discounts include defensive driving training, Steer Clear safe driver discount, Drive Safe & Save, safe vehicle, student away at school, and passive restraint.
  • Liberty Mutual may offer discounts for hybrid vehicle, teen driver discount, new vehicle discount, safety features, preferred payment discount, exclusive group savings, and multi-policy.
  • MetLife includes discounts for multi-policy, defensive driver, claim-free, good driver, good student, and accident-free.
  • Progressive offers premium reductions for online quote discount, multi-vehicle, online signing, continuous coverage, and multi-policy.

When comparing rates, check with each company or agent which discounts can lower your rates. A few discounts may not apply to policyholders in every state.

Tailor your car insurance coverage to you

When it comes to buying proper insurance coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions can aid in determining if your situation might need professional guidance.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Does my medical payments coverage pay my health insurance deductible?
  • Do I need PIP (personal injury protection) coverage in my state?
  • What is medical payments coverage?
  • Am I covered when pulling a rental trailer?
  • Which is better, split liability limits or combined limits?
  • Is my teen driver covered when they drive my company car?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

Brand name doesn’t guarantee savings

Consumers can’t get away from all the ads for cheaper insurance by Progressive, Allstate and Geico. They all seem to make an identical promise about how much you will save after switching your insurance coverage to their company.

How do they all say the same thing? It’s all in the wording.

Different companies require specific criteria for the type of customer that earns them the highest profit. For example, a profitable customer might have to be over the age of 35, has no tickets, and drives less than 10,000 miles a year. Someone who fits that profile may get the lowest premium rates and most likely will save a lot of money.

Potential customers who cannot meet the ideal profile may be required to pay higher rates with the end result being the customer not buying. If you listen closely, the ads state “people who switch” but not “everyone who gets a quote” will save that much if they switch. That’s the way companies can truthfully advertise the way they do. This really drives home the point why you absolutely need to get price quotes at each policy renewal. It’s just too difficult to predict the company that will have the best car insurance rates.

Car insurance coverages for a 2001 Chevy Lumina

Understanding the coverages of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. These are the normal coverages found on most insurance policies.

Comprehensive insurance – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, fire damage and a broken windshield. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability auto insurance – Liability insurance can cover damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims such as bail bonds, loss of income, repair bills for other people’s vehicles, structural damage and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

Collision coverage – Collision insurance pays for damage to your Lumina resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as colliding with a tree, rolling your car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.

Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for immediate expenses for things like chiropractic care, X-ray expenses and ambulance fees. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 2001 Chevy Lumina.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

One last thing about your coverage

You just read a lot of information how to reduce 2001 Chevy Lumina insurance premium rates online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your prices. Consumers may even find the lowest premium rates are with the smaller companies. Smaller companies may cover specific market segments cheaper than their larger competitors like Progressive and Geico.

When trying to cut insurance costs, you should never buy less coverage just to save a little money. There are too many instances where an accident victim reduced collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy a smart amount of coverage at an affordable rate, but do not sacrifice coverage to save money.

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