2003 Oldsmobile Alero Car Insurance Quotes

Do you think you bought an overpriced auto insurance policy? It’s a common feeling and there are many consumers feeling the pinch from expensive auto insurance. Many insurers vie for your insurance dollar, so it can be very hard to choose a insurer to get the lowest rate possible.

It’s a good habit to do price comparisons occasionally because auto insurance rates are variable and change quite frequently. Even if you think you had the best rate for Alero insurance last year there is a good chance you can find better prices now. You’ll find a ton of advice on auto insurance online but by reading this article, you’re going to learn some of the best ways to find affordable auto insurance.

Insurance coverage quotes and discounts

Companies offering auto insurance don’t always list all their discounts very well, so the following is a list of some of the best known in addition to some of the lesser obvious credits that you can use to lower your rates. If you check and find you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Discounts for New Vehicles – Buying a new car model can save you some money due to better safety requirements for newer vehicles.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of 25 to 30%.
  • Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more for Alero insurance than less cautious drivers.
  • ABS and Traction Control Discounts – Cars that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Federal Employees – Federal government employees could provide a small rate reduction for Alero insurance with a few insurance coverage companies.
  • Pay Now and Pay Less – By making one initial payment as opposed to paying monthly you can actually save on your bill.
  • Clubs and Organizations – Joining specific professional or occupational memberships or organizations could trigger savings on your next renewal.
  • Discounts for Multiple Vehicles – Buying a policy with primary and secondary vehicles with the same company qualifies for this discount.
  • Military Rewards – Being deployed in the military could mean lower insurance coverage rates.

Remember that many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like comprehensive or collision. Just because it seems like all those discounts means the company will pay you, companies don’t profit that way.

A few of the larger companies and some of the discounts can be found below.

  • 21st Century discounts include homeowners, good student, theft prevention, air bags, and early bird.
  • Progressive has savings for good student, multi-policy, online quote discount, online signing, homeowner, and continuous coverage.
  • State Farm offers discounts including multiple policy, anti-theft, Steer Clear safe driver discount, multiple autos, and safe vehicle.
  • Nationwide has discounts for business or organization, good student, multi-policy, defensive driving, family plan, and anti-theft.
  • Esurance offers discounts for defensive driver, Pac-12 alumni, online shopper, homeowner, online quote, and renters.
  • The Hartford may include discounts for good student, defensive driver, driver training, bundle, air bag, vehicle fuel type, and anti-theft.

When quoting, ask every company to apply every possible discount. Savings might not be offered on policies in your state.

Smart consumers can slash their insurance rates

Many factors are part of the equation when quoting car insurance. Most are fairly basic like a motor vehicle report, although others are not as apparent such as your marital status or your vehicle rating.

Listed below are a few of the “ingredients” utilized by car insurance companies to help set prices.

  • Does your employer cost you more? – Do you work in a high-stress field? Careers like doctors, business owners and financial analysts tend to pay higher rates than the rest of us in part from intense work requirements and long work days. On the other hand, occupations such as professors, students and the unemployed pay lower than average rates for Alero insurance.
  • Which gender costs less? – Statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that women are better drivers. Both sexes tend to get into accidents at a similar rate, but guys get into accidents with more damage. They also get cited for more serious violations such as DWI and reckless driving.
  • Only buy what you need – There are a ton of additional coverages that can add up when buying insurance. Add-on coverages like coverage for rental cars, towing coverage, and additional equipment coverage could be just wasting money. They may sound like good ideas when discussing your needs, but if you’ve never needed them in the past eliminate them to save money.
  • Drive lots and pay more – The more you drive every year the more you’ll pay to insure it. Many insurance companies calculate rates based on how the vehicle is used. Cars that sit idle most of the time receive lower rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Alero can cost quite a bit. It’s a smart idea to ensure your insurance declarations sheet correctly shows the proper vehicle usage, because it can save money.

Situations that may require an agent’s advice

When it comes to buying proper insurance coverage for your vehicles, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions may help you determine whether you would benefit from professional advice.

  • Should I have a commercial auto policy?
  • Why am I required to get a high-risk car insurance policy?
  • Do I need replacement cost coverage on my 2003 Oldsmobile Alero?
  • What is no-fault insurance?
  • Will my rates increase for filing one claim?
  • What is an SR-22 filing?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Smaller companies may have the best rates

Consumers can’t avoid all the ads that promise big savings for switching by companies like State Farm, Allstate and Geico. They all seem to have a common claim about savings just by switching your policy.

How is it possible that every company can cost less than your current company? It’s all in the numbers.

Companies are able to cherry pick for the type of driver that will generate a profit. One example of a profitable customer could possibly be between the ages of 30 and 45, has a clean driving record, and has excellent credit. Anybody who fits that profile will most likely get cheap rates and will probably cut their rates substantially.

Insureds who do not meet the “perfect” profile will probably be forced to pay more expensive rates which results in business not being written. Company advertisements say “customers who switch” not “all people who quote” save that much when switching. This is how insurance companies can advertise the savings.

Because each company has a different risk profile, you really need to quote coverage with many companies. It’s impossible to know the company that will have the best rates at this point in time.

Coverage specifics

Having a good grasp of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types available from insurance companies.

Coverage for uninsured or underinsured drivers

This coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Coverage for collisions

Collision insurance will pay to fix damage to your Alero from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like colliding with a tree, hitting a mailbox, crashing into a ditch, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as funeral costs, prosthetic devices, X-ray expenses, surgery and doctor visits. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, fire damage and hitting a deer. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability coverage

Liability coverage can cover damage or injury you incur to people or other property that is your fault. It protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different 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 a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as pain and suffering, emergency aid and court costs. How much coverage you buy is a personal decision, but buy higher limits if possible.

Compare but don’t skimp

In this article, we covered quite a bit of information on how to lower your 2003 Oldsmobile Alero insurance rates. The key thing to remember is the more companies you get car insurance rates for, the better chance you’ll have of finding affordable auto insurance. You may even find the best price on auto insurance is with a smaller regional carrier. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

When searching for cheaper auto insurance quotes, it’s a bad idea to buy poor coverage just to save money. In many cases, someone dropped physical damage coverage and found out when filing a claim that the savings was not a smart move. Your aim should be to buy the best coverage you can find at the lowest possible cost while not skimping on critical coverages.

Low-cost 2003 Oldsmobile Alero insurance can be sourced on the web and from local agencies, and you should be comparing both to have the best selection. Some auto insurance companies don’t offer online quoting and these smaller companies prefer to sell through independent insurance agents.

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