Lower Your 2002 Dodge Viper Insurance Rates

Searching for the cheapest insurance coverage is intimidating for drivers who are new to comparing prices on the internet. With such a large number of companies, how can you even start to compare all the different companies and get better prices?

This information will familiarize you with how to effectively get price quotes. If you currently have car insurance, you should be able to cut costs considerably using this strategy. But vehicle owners do need to understand the way insurance companies price insurance differently because it can help you find the best coverage.

The most recommended method to get policy rate comparisons is to understand most of the bigger providers participate in online systems to give you rate quotes. The only thing you need to do is spend a couple of minutes providing details including whether the vehicles are used for commuting, how old drivers are, whether you have decent credit, and which vehicles you own. Those rating factors is submitted instantly to many different companies and you get price estimates immediately.

Don’t overlook these auto insurance discounts

The price of auto insurance can be rather high, but there are discounts available to reduce the price significantly. Certain discounts will be applied at quote time, but a few must be specifically requested before you get the savings.

  • First Accident Forgiveness – This isn’t a discount exactly, but certain companies will let one accident slide before they charge you more for coverage so long as you haven’t had any claims before the accident.
  • Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase a life policy as well.
  • Drive Less and Save – Maintaining low annual mileage can earn discounted premium rates on garaged vehicles.
  • Auto/Home Discount – If you can combine your home and auto policy and insure them with the same company you could save 10% to 20% off each policy.
  • Discounts for Cautious Drivers – Insureds without accidents could pay up to 40% less for Viper insurance than drivers with accidents.
  • Membership in Organizations – Affiliation with a civic or occupational organization may earn a discount when getting a auto insurance quote.
  • Theft Prevention System – Cars and trucks equipped with anti-theft or alarm systems help deter theft and can earn a small discount on your policy.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given the the whole policy. Most cut individual premiums such as comp or med pay. Even though the math looks like it’s possible to get free car insurance, auto insurance companies aren’t that generous. But any discount should definitely cut your auto insurance premiums.

To see insurers with discount auto insurance rates, click this link.

Why you might pay increased rates

A large part of saving on car insurance is knowing a few of the rating criteria that help determine your policy premiums. When you know what positively or negatively influences your rates, this helps enable you to make changes that may result in lower premium levels. Many things are taken into consideration when quoting car insurance. Some are obvious such as your driving history, although others are not as apparent such as your credit history or how financially stable you are.

  • Discounts for multiple policies – Many insurers provide discounts to buyers that have more than one policy. It’s known as a multi-policy discount. Even if you qualify for this discount already, drivers will still want to shop around to confirm you are receiving the best rates possible.
  • Prices impacted by your city – Residing in a rural area is a good thing when buying car insurance. People in densly populated areas regularly have much more traffic and much longer commute distances. Fewer drivers means less chance of accidents in addition to fewer liability claims.
  • Add-on coverages you don’t need – There are a lot of additional coverages that can waste your money when buying car insurance. Coverages like personal injury protection, accident forgiveness, and motor club memberships are some examples. These coverages may sound good when you first buy your policy, but if you’ve never needed them in the past consider taking them off your policy.
  • Deter theft and pay less – Purchasing a vehicle that has a built-in theft deterrent system can help bring down rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar help track and prevent your car from being stolen.
  • Car insurance rates and age – More experienced drivers are viewed as being more responsible, are lower risk to insure and are safer drivers.Inexperience drivers tend to be inattentive in a vehicle so car insurance rates are higher.
  • Get married and pay less – Having a wife or husband actually saves money compared to being single. Marriage is viewed as being more financially stable and statistics show drivers who are married are more cautious.
  • Your occupation and car insurance rates – Jobs like military personnelairline pilots and stock brokers are shown to have higher rates than the rest of us in part from intense work-related stress and long work days. On the flip side, occupations like professors, historians and performers generally pay rates lower than average for Viper insurance.
  • When should you file a claims? – If you file claims often, you can expect increased rates or even have your policy non-renewed. Insurance companies provide better rates to people that do not abuse their auto insurance. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.

When to get professional advice

When it comes to buying the best insurance coverage coverage, there really is no best way to insure your cars. Every situation is different.

For instance, these questions can help discover whether or not you may require specific advice.

  • What is no-fault insurance?
  • Which is better, split liability limits or combined limits?
  • Is my teen driver covered when they drive my company car?
  • Why am I required to buy liability insurance?
  • Is my cargo covered for damage or theft?
  • What if I owe more than I can insure my car for?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I have coverage when making deliveries for my home business?
  • Do I really need UM/UIM coverage?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Can switching companies really save?

Companies like Progressive, Geico, Allstate and State Farm seem to constantly run ads in print and on television. They all try to convey promises that you’ll save big just by switching your insurance coverage coverage to their company. How can each company say the same thing? It’s all in how they say it.

Companies have an ideal profile for the type of customer that will be a good risk. For instance, a profitable insured could possibly be a female over age 40, has a clean driving record, and the vehicle is rated for pleasure use. Anyone who meets those qualifications will probably get cheap rates and will cut their rates if they switch.

People who fall short of these stringent criteria will probably have to pay more expensive rates and this can result in the customer buying from someone else. If you listen closely, the ads state “drivers that switch” but not “all drivers who get quotes” save that much when switching. That’s why companies can truthfully make claims like that.

Each company has different criteria, so you really should compare as many free auto insurance quotes as you can. It is impossible to predict which company will provide the lowest prices.

Car insurance policy coverages for a 2002 Dodge Viper

Understanding the coverages of your policy aids in choosing appropriate coverage for your vehicles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Collision insurance

Collision insurance will pay to fix damage to your Viper resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like rolling your car, scraping a guard rail and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Uninsured/Underinsured Motorist coverage

This provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2002 Dodge Viper.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these limits are set the same as your liablity limits.

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hitting a deer, damage from getting keyed, a broken windshield, damage from flooding and a tree branch falling on your vehicle. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability

Liability coverage provides protection from injuries or damage you cause to other people or property in an accident. It protects you against other people’s claims, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as repair bills for other people’s vehicles, pain and suffering and bail bonds. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like doctor visits, surgery and pain medications. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

A fool and his money are soon parted

Throughout this article, we presented some good ideas how to lower your 2002 Dodge Viper insurance premium rates. The key thing to remember is the more you quote auto insurance, the higher your chance of finding inexpensive auto insurance. Drivers may discover the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising.

Drivers switch companies for any number of reasons including not issuing a premium refund, poor customer service, policy non-renewal or even lack of trust in their agent. Whatever your reason, switching companies can be pretty painless.

When searching for low cost auto insurance quotes, do not sacrifice coverage to reduce premiums. In many instances, an insured cut physical damage coverage and found out when filing a claim that they should have had better coverage. Your goal is to buy a smart amount of coverage at the best possible price while still protecting your assets.

Additional auto insurance information can be read at the links below