2001 Oldsmobile Silhouette Insurance Cost – 7 Tips to Save

Have you fallen victim to an underperforming, overpriced auto insurance policy? Believe me, many drivers have buyer’s remorse. Vehicle owners have many insurers to choose from, and although it’s nice to have multiple companies, it can be more difficult to find the best rates.

It’s a good habit to compare premium rates occasionally because insurance prices trend upward over time. If you had the best rate on Silhouette insurance six months ago the chances are good that you can find a lower premium rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to how to use online quotes to get good coverage at a lower rate.

Choosing the best insurance company for you is not rocket science. If you have a current insurance policy or need a new policy, you can use these techniques to reduce the price you pay while maintaining coverages. Vehicle owners just need to know how to get comparison quotes over the internet.

The best way we recommend to compare car insurance company rates is to take advantage of the fact most of the larger companies participate in online systems to provide you with free rate quotes. To get started, all you need to do is provide a small amount of information such as how much school you completed, how you use your vehicles, if the vehicle is leased, and an estimate of your credit level. Your rating data gets sent immediately to multiple top-rated companies and you will get price comparisons with very little delay.

Get cheaper insurance with discounts

Some insurance providers don’t always list all disounts very well, so the list below details a few of the more well known and the harder-to-find credits available to you. If you are not receiving all the discounts possible, you are throwing money away.

Senior Citizens – Older drivers could receive lower premium rates on Silhouette insurance.
Multi-car Discount – Purchasing coverage when you have multiple vehicles on the same insurance policy qualifies for this discount.
Discount for Passive Restraints – Factory options such as air bags may earn rate discounts of 20% or more.
Early Payment Discounts – By paying your policy upfront instead of making monthly payments you could save up to 5%.
Low Miles Discount – Maintaining low annual mileage can earn better insurancerates on cars that stay parked.
Multi-line Discount – Select insurance companies reward you with lower prices if you buy life insurance from them.
Military Deployment Discount – Having an actively deployed family member could trigger a small discount.

A little disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only reduce individual premiums such as liability, collision or medical payments. So even though you would think adding up those discounts means a free policy, companies wouldn’t make money that way.

Larger insurance companies and some of the discounts are shown below.

State Farm offers discounts including Steer Clear safe driver discount, driver’s education, good driver, multiple autos, anti-theft, good student, and student away at school.
Geico may include discounts for anti-theft, federal employee, anti-lock brakes, defensive driver, and multi-vehicle.
SAFECO policyholders can earn discounts including homeowner, accident prevention training, teen safe driver, anti-lock brakes, multi-car, and drive less.
Farmers Insurance has discounts for teen driver, mature driver, multi-car, homeowner, and pay in full.
AAA includes discounts for multi-car, good driver, pay-in-full, AAA membership discount, education and occupation, and multi-policy.
USAA may have discounts that include military installation, defensive driver, family discount, safe driver, and good student.

Before buying, ask all the companies which discounts you may be entitled to. Some of the earlier mentioned discounts might not apply in your area. For a list of companies with discount rates, click here.

Tailor your auto insurance coverage to you

When it comes to choosing coverage, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions could help you determine whether your personal situation would benefit from an agent’s advice.

Should I have a commercial auto policy?
Do I really need UM/UIM coverage?
Is motorclub coverage worth it?
Should I bundle my homeowners policy with my auto?
How do I insure my teen driver?
What are the financial responsibility laws in my state?
Am I covered when delivering products for my home-based business?
Does my 2001 Oldsmobile Silhouette qualify for pleasure use?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from 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 help protect your family.

Auto insurance coverage information

Knowing the specifics of a auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages found on the average auto insurance policy.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, falling objects, fire damage and vandalism. The highest amount a auto 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 removing comprehensive coverage.

Uninsured or underinsured coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Oldsmobile Silhouette.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for short-term medical expenses like hospital visits, nursing services, X-ray expenses, chiropractic care and EMT expenses. They are utilized in addition to your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Coverage for collisions

This coverage will pay to fix damage to your Silhouette caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims like sustaining damage from a pot hole, hitting a mailbox, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Coverage for liability

Liability insurance provides protection from damages or injuries you inflict on people or other property by causing an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims such as structural damage, attorney fees, funeral expenses and medical services. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.