How Much Does 2001 Chevrolet Monte Carlo Car Insurance Cost?

Searching for better insurance rates? Consumers have a choice when looking for affordable Chevy Monte Carlo insurance. They can either waste time calling around to get rate comparisons or use the internet to compare rates. There is a better way to buy insurance so you’re going to learn the proper way to get price quotes on a Chevy and find the best price possible from local insurance agents and online providers.

The Chevy Monte Carlo insurance price equation

A large part of saving on auto insurance is knowing some of the elements that come into play when calculating the price you pay for auto insurance. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that could result in much lower annual insurance costs.

The itemized list below are some of the major factors used by companies to determine premiums.

  • Marriage reduces risk – Walking down the aisle actually saves money on auto insurance. Having a significant other generally demonstrates drivers are more responsible and statistics prove married couples file fewer claims.
  • Your age impacts your premiums – Young drivers have been known to be easily distracted behind the wheel therefore auto insurance rates are much higher. Parents adding a teen driver onto your auto insurance can be quite pricey. Mature drivers are more responsible, cause fewer claims and accidents and receive fewer citations.
  • Lower prices with GPS tracking and theft deterrents – Selecting a car model with anti-theft technology or alarm system can help lower your premiums. Anti-theft devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft and help lower rates.
  • Never allow your coverage to lapse – Not having insurance is not a good idea and you may have a hard time finding new coverage because you let your insurance coverage expire. Not only will rates go up, being ticketed for driving with no insurance may earn you a revoked license or a big fine.
  • Rates impacted by vehicle usage – The more miles you rack up on your Chevy each year the higher your rates will be. Most insurance companies charge rates based on how the vehicle is used. Autos that sit idle most of the time can be on a lower rate level as compared to vehicles used primarily for driving to work. Verify your auto insurance coverage states how each vehicle is driven. An incorrectly rated Monte Carlo may be costing you.

Insurance coverage discounts help reduce rates

Some insurance providers do not advertise every possible discount very well, so here is a list a few of the more well known as well as some of the hidden discounts that may be available.

  • Passenger Safety Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 20 to 30 percent.
  • Discount for New Cars – Putting insurance coverage on a new car can save up to 30% because new model year vehicles keep occupants safer.
  • Student in College – Youth drivers who are enrolled in a college that is more than 100 miles from home and do not have a car may be able to be covered for less.
  • Bundle and Save – If you insure your home and vehicles and insure them with the same company you could save up to 20% and get you cheaper car insurance.
  • Discount for Swiching Early – A few insurance companies offer discounts for switching policies prior to the expiration date on your current policy. The savings is around 10%.
  • Driver Safety – Taking a class that teaches defensive driving techniques can save you 5% or more and also improve your driving technique.
  • Federal Employees – Simply working for the federal government can earn a discount up to 10% on Monte Carlo insurance with some insurance coverage companies.
  • No Accidents – Drivers who don’t have accidents pay much less as compared to frequent claim filers.
  • Good Students Pay Less – Performing well in school can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Use Seat Belts – Forcing all vehicle occupants to fasten their seat belts may be able to save a few bucks on the medical payments or PIP coverage costs.

Discounts save money, but please remember that most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

To locate insurance coverage companies that can offer you the previously mentioned discounts, click here.

Is there deception in advertising?

Consumers can’t get away from all the ads that claim the cheapest premium rates from the likes of Progressive, Allstate and Geico. All the ads have a common claim that you can save after switching your coverage.

It sounds good, but how can they all make almost identical claims? This is how they do it.

Insurance providers require specific criteria for the right customer that makes them money. An example of a desirable insured may need to be between the ages of 40 and 55, has a clean driving record, and the vehicle is rated for pleasure use. Anyone who matches those parameters will get low premium rates as well as cut their rates substantially.

Consumers who do not fit these criteria must pay more expensive rates which translates to the customer not purchasing. The ads say “people that switch” but not “everyone who gets a quote” can get the lowest rates when switching. That is how insurance companies can confidently advertise the way they do. This emphasizes why you need to do a quote comparison often. It’s just not possible to know which insurance companies will have the lowest rates.

Which is the best insurance coverage?

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions can help discover whether your personal situation might need an agent’s assistance.

  • Is my custom paint covered by insurance?
  • Am I missing any policy discounts?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does having multiple vehicles earn me a discount?
  • When would I need rental car insurance?
  • Am I covered if I wreck a rental car?

If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form. It is quick, free and can help protect your family.

Car insurance coverage basics

Understanding the coverages of your car insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Collision coverage

This covers damage to your Monte Carlo resulting from a collision 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 claims such as colliding with another moving vehicle, crashing into a ditch and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a deer, damage from getting keyed, hail damage, vandalism and rock chips in glass. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 2001 Chevy Monte Carlo.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability coverages

Liability insurance protects you from injuries or damage you cause to a person or their property that is your fault. It protects you from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability can pay for things such as repair bills for other people’s vehicles, court costs, pain and suffering and medical services. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for immediate expenses for EMT expenses, rehabilitation expenses, funeral costs, nursing services and pain medications. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants as well as any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Save your cold hard cash

When you buy car insurance online, it’s very important that you do not buy less coverage just to save a little money. There have been many situations where someone dropped physical damage coverage only to find out they didn’t purchase enough coverage. The proper strategy is to purchase plenty of coverage for the lowest cost, not the least amount of coverage.

We covered quite a bit of information on how to save on 2001 Chevy Monte Carlo insurance. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest priced insurance comes from a smaller regional carrier.

People switch companies for a number of reasons such as delays in paying claims, denial of a claim, high rates after DUI convictions or even policy cancellation. Whatever your reason, finding the right insurance provider is not as hard as you think.

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