How Much Does 2002 Chevrolet Prizm Insurance Cost?

Did a good deal turn out to be overpriced car insurance? Trust us, you’re not alone.

Lots of car insurance companies contend to insure your vehicles, so it can be very hard to choose a insurer to get the best rate

It’s a great practice to compare prices on a regular basis since prices go up and down regularly. Even if you think you had the best rates on Prizm insurance last year you can probably find a lower rate today. Ignore everything you know about car insurance because I’m going to let you in on the secrets to the fastest and easiest way to get good coverage at a lower rate.

If you have car insurance now, you should be able to cut costs considerably using these tips. Finding the best rates is quite easy. But vehicle owners can benefit by having an understanding of how the larger insurance companies price online insurance and use this information to your advantage.

Free insurance quotes

To find the cheapest auto insurance quotes, there are several ways of comparing price quotes from different insurance companies. The simplest method to compare 2002 Chevy Prizm insurance prices is to get quotes online. This is quite simple and can be completed in a couple minutes as outlined below.

  1. The easiest and least time consuming way consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This method eliminates the need for repetitive form entry for each price estimate. Completing one form will get you rate comparisons from multiple companies.
  2. A less efficient way to find better pricing requires a visit to the website for every company you want to comare to complete their respective quote request forms. For example, let’s say you want to compare rates from Farmers, Progressive and Travelers. To get rate quotes you would need to spend time on each company’s site to enter your coverage information, which is why most consumers use the first method.

    For a list of companies in your area, click here.

  3. The hardest method to comparison shop rate quotes is calling or driving to insurance agencies in your area. The ability to get quotes online reduces the need to sit down with an agent unless you have a complicated situation and need the guidance that only a licensed agent can provide. If you prefer, some companies allow you to compare the best prices online but still have the advice of a local agent.

The approach you take is up to you, just be certain you are entering nearly identical information for each quote you get. If the quotes have different liability limits you can’t possibly find the best deal for your Chevy Prizm. Quoting even small variations in coverage limits could skew the results. And when comparing insurance rates, know that making a lot of price comparisons provides better odds of finding lower pricing. Not every company does rate quotes online, so it’s important to compare rates on coverage from those companies, too.

Lower your car insurance rates with discounts

The cost of insuring your cars can be expensive, but there’s a good chance there are discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically at the time you complete a quote, but occassionally some discounts must be requested specifically prior to receiving the credit. If you are not receiving all the discounts you deserve, you are just wasting money.

  • Distant Student Discount – Any of your kids who live away from home to go to college and do not take a car to college can receive lower rates.
  • Driver Safety – Taking part in a defensive driver course could earn you a small percentage discount and easily pay for the cost of the class.
  • Seat Belt Usage – Forcing all vehicle occupants to buckle up could cut 10% or more off PIP or medical payments premium.
  • Save over 55 – Older drivers could receive reduced rates on Prizm insurance.
  • Driver’s Ed – Cut your cost by having your teen driver participate in a local driver’s education class if offered at their school.

Don’t be shocked that most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. Just because you may think you could get a free car insurance policy, you won’t be that lucky.

Large car insurance companies and some of the discounts are shown below.

  • State Farm may include discounts for driver’s education, good driver, Drive Safe & Save, defensive driving training, and Steer Clear safe driver discount.
  • Geico may have discounts that include membership and employees, air bags, defensive driver, seat belt use, and emergency military deployment.
  • Allstate offers discounts including anti-theft, defensive driver, economy car, EZ pay plan discount, 55 and retired, and utility vehicle.
  • SAFECO has discounts for homeowner, multi-car, teen safety rewards, drive less, and teen safe driver.
  • Farm Bureau offers premium reductions for safe driver, multi-vehicle, good student, multi-policy, youthful driver, driver training, and renewal discount.
  • Progressive policyholders can earn discounts including multi-vehicle, online signing, continuous coverage, multi-policy, good student, and homeowner.
  • AAA has savings for AAA membership discount, good driver, multi-policy, good student, pay-in-full, education and occupation, and multi-car.

If you need lower rates, check with all the companies how many discounts you can get. Depending on the company, some discounts might not be available to policyholders in your area.

How insurance companies calculate Chevy Prizm insurance premiums

Lots of things are used in the calculation when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but other factors are more transparent such as your credit history or your vehicle rating.

  • Teen drivers pay more – Older drivers are shown to be more cautious, cause fewer claims and accidents and get fewer tickets.Teen drivers are statistically shown to be more careless when driving with friends therefore insurance coverage rates are much higher.
  • Pleasure use or commuting – The higher the miles on your Chevy each year the more you will pay for insurance coverage. A lot of companies charge rates determined by how the vehicle is used. Cars used primarily for pleasure use can get a lower rate than vehicles that are driven to work every day. Incorrect rating for your Prizm may be costing you. Ask your agent if your policy reflects the correct usage.
  • that cut premiums – Driving a car with advanced anti-theft systems can save you some money. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
  • No insurance claims equals cheap prices – Insurance companies generally give better rates to insureds who do not rely on their insurance for small claims. If you file a lot of claims you can definitely plan on higher rates. Your insurance policy is intended for more catestrophic claims.

You are unique and your car insurance should be too

When it comes to buying proper insurance coverage for your vehicles, there really is no one size fits all plan. Each situation is unique and your policy should reflect that. These are some specific questions might help in determining whether your personal situation would benefit from professional advice.

  • Exactly who is provided coverage by my policy?
  • Do all my vehicles need collision coverage?
  • Does coverage extend to my business vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • Is upholstery damage covered by car insurance?
  • When can I cancel my policy?
  • What are the best liability limits?
  • Do I need rental car coverage?
  • When can my company non-renew my policy?

If you can’t answer these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area.

Car insurance coverage information

Learning about specific coverages of your car insurance policy can be of help when determining appropriate coverage for your vehicles. Car insurance terms can be difficult to understand and reading a policy is terribly boring. These are the usual coverages offered by car insurance companies.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for dental work, hospital visits, funeral costs, chiropractic care and EMT expenses. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Collision coverage

Collision coverage will pay to fix damage to your Prizm resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with a tree, damaging your car on a curb, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.

Comprehensive protection

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a broken windshield, a tree branch falling on your vehicle, hail damage, theft and damage from getting keyed. The highest amount your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Auto liability

Liability insurance can cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like attorney fees, legal defense fees and funeral expenses. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

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. For this reason, having high UM/UIM coverages is important protection for you and your family.

A little work can save a LOT of money

We covered many ways to compare 2002 Chevy Prizm insurance car insurance rates online. The key concept to understand is the more you quote auto insurance, the better your comparison will be. You may even find the biggest savings come from a smaller regional carrier. Smaller companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm, Geico and Nationwide.

Cheaper 2002 Chevy Prizm insurance can be sourced both online in addition to many insurance agents, and you should be comparing both to get a complete price analysis. Some auto insurance companies may not have rates over the internet and most of the time these small, regional companies prefer to sell through independent agents.

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