2003 Oldsmobile Silhouette Car Insurance Cost

Searching for cheaper insurance coverage rates for your Oldsmobile Silhouette? I can’t think of anyone who looks forward to paying premiums for insurance coverage, especially knowing the prices are way too high. Lots of insurance companies contend for your business, and because of this it can be hard to compare insurers and get the best coverage at the lowest rate possible.

If you have a policy now or need new coverage, you can follow these tips to find better prices while maintaining coverages. Buying car insurance is quite easy. Drivers just need to learn the most efficient way to shop on the web.

How to get the cheapest insurance

Shopping for lower insurance rates can be a daunting task if you aren’t aware of the most efficient way to do it. You could spend your day driving to agents in your area, or you could use online quotes to achieve your goal.

Most of the larger companies belong to a marketplace where prospective buyers submit one quote, and every company can give them a price for coverage. This prevents consumers from doing repetitive form submissions to each company.

To find out how much you can save on insurance click here (opens in new window).

The only drawback to doing it this way is you are unable to specify which carriers you will receive quotes from. So if you prefer to pick specific providers to compare prices, we have a page of the cheapest insurance companies in your area. Click here to view list.

Whichever method you choose, do your best to enter exactly the same deductibles and coverage limits with every price quote. If you compare different liability limits it’s not possible to determine the best price for your Oldsmobile Silhouette.

More affordable rates with discounts

Some insurance providers don’t necessarily list all disounts very well, so the following list contains some of the more common as well as the least known discounts you could be receiving when you buy insurance online.

  • Passenger Safety Discount – Vehicles equipped with air bags can qualify for discounts of more than 20%.
  • Anti-theft Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and can earn a small discount on your policy.
  • Multi-Vehicle Discounts – Buying coverage for primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
  • Driver’s Ed – Reduce the cost of insurance for teen drivers by having them take driver’s ed class as it will make them better drivers and lower rates.
  • No Claim Discounts – Insureds who avoid accidents and claims pay less as compared to accident-prone drivers.
  • New Vehicle Savings – Adding a new car to your policy can get you a discount since new model year vehicles are generally safer.

A little disclaimer on discounts, some credits don’t apply to the entire cost. Some only apply to individual premiums such as liability and collision coverage. So even though you would think you could get a free insurance coverage policy, that’s just not realistic.

A list of insurance coverage companies and some of the premium reductions they offer include:

  • Progressive may offer discounts for online quote discount, multi-vehicle, online signing, multi-policy, continuous coverage, good student, and homeowner.
  • Farmers Insurance offers discounts for mature driver, homeowner, multi-car, electronic funds transfer, alternative fuel, and distant student.
  • Farm Bureau includes discounts for 55 and retired, youthful driver, multi-vehicle, good student, and multi-policy.
  • State Farm offers premium reductions for anti-theft, good driver, accident-free, safe vehicle, student away at school, Steer Clear safe driver discount, and multiple autos.
  • Geico discounts include multi-vehicle, air bags, military active duty, defensive driver, emergency military deployment, anti-theft, and membership and employees.
  • SAFECO has discounts for drive less, teen safety rewards, bundle discounts, anti-theft, homeowner, and multi-car.
  • Liberty Mutual may have discounts that include teen driver discount, new move discount, preferred payment discount, new vehicle discount, new graduate, and newly retired.

If you need inexpensive insurance quotes, ask each insurance company which discounts you qualify for. Some discounts listed above might not be offered on policies in your area. To choose insurers that have a full spectrum of discounts, click here to view.

What is the best car insurance coverage?

When choosing proper insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For example, these questions could help you determine if you will benefit from professional help.

  • When would I need additional glass coverage?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Should I get collision insurance on every vehicle?
  • Why am I required to buy high-risk coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • What is the ISO rating for a 2003 Oldsmobile Silhouette?
  • Does my insurance cover my expensive audio equipment?
  • What is covered by UM/UIM coverage?
  • Do I benefit by insuring my home with the same company?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Informed drivers can cut their insurance rates

Part of the auto insurance buying process is learning some of the things that help calculate your premiums. When you know what positively or negatively determines base rates, this enables you to make decisions that may reward you with much lower annual insurance costs. Lots of things are considered when you get your auto insurance bill. Some are pretty understandable such as your driving history, although some other factors are more transparent such as your credit history or how financially stable you are.

  • Drivers with high credit save on auto insurance – Having a bad credit rating is a big factor in determining premium rates. Therefore, if your credit is low, you may save money insuring your 2003 Oldsmobile Silhouette by spending a little time repairing your credit. People that have excellent credit tend to file fewer claims as compared to drivers with poor credit scores.
  • Insure your auto and home with one company – Most insurance companies give better rates to insureds that have more than one policy. It’s known as a multi-policy discount. This can amount to ten percent or more. Even if you already get this discount, it’s still a good idea to comparison shop to make sure you are getting the best deal. You may still save money by buying insurance from more than one company.
  • Drive lots and pay more – The higher the miles on your Oldsmobile in a year the higher the price you pay to insure it. Most companies calculate rates based upon how the vehicle is primarily used. Cars not used for work or commuting receive better premium rates than vehicles that have high annual mileage. An improperly rated Silhouette is throwing money out the window. Make sure your declarations sheet properly reflects the proper vehicle usage.
  • Being married reduces risk – Getting married actually saves money compared to being single. Having a spouse may mean you are more stable financially it has been statistically shown that married drivers get in fewer accidents.
  • Higher coverage deductibles are cheaper – Coverage for physical damage, also known as collision and other-than-collision, helps pay for damage to your vehicle. A few examples of covered claims are collision with another vehicle, collision with an animal, and damage from a fallen tree branch. Comp and collision deductibles are the amount of money you are willing to pay in the event of a claim. The higher the amount you have to pay, the less your auto insurance will be on Silhouette coverage.
  • Does insurance coverage cost more for men? – Over the last 50 years, statistics have shown that women are safer drivers than men. The data does not necessarily mean that women are better drivers. Men and women cause at-fault accidents at about the same rate, but men get into accidents with more damage. Men also tend to get cited for more serious violations such as reckless driving.
  • Extra policy coverages can add up – There are many additional extra coverages that can waste your money if you don’t pay attention. Coverages like rental car coverage, better glass coverage, and Farm Bureau memberships may not be needed and are just wasting money. They may seem good at first, but if you have no use for them consider taking them off your policy.

Buyer beware of insurance advertising tricks

Drivers can’t get away from all the ads that claim the cheapest prices from the likes of Progressive, Geico, Allstate and State Farm. All the ads seem to make the promise of big savings if you just switch your policy.

It sounds good, but how can they all save you money? Just pay attention to how they say it.

Companies look for specific characteristics for the type of driver that earns them the highest profit. A good example of a profitable customer could be over age 30, has no tickets, and drives newer vehicles. Any person who meets those qualifications will probably get cheap prices and therefore will save if they switch.

Drivers who are not a match for these standards will get higher prices which leads to business not being written. The trick is to say “drivers that switch” not “everyone that quotes” save the amount stated. This is how companies can truthfully make claims that they all have the best car insurance rates.

Because every company is different, you need to compare many company’s car insurance rates. Because without a comparison, you cannot know which insurance companies will be your best fit.

Specific coverages for an Oldsmobile Silhouette

Knowing the specifics of insurance can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages offered by insurance companies.

Collision coverage – Collision insurance covers damage to your Silhouette caused by collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like crashing into a building, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Liability – Liability coverage provides protection from damage or injury you incur to a person or their property by causing an accident. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things like emergency aid, medical expenses and court costs. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as damage to your Oldsmobile Silhouette.

Since 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 very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like hail damage, theft, damage from getting keyed, falling objects and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like rehabilitation expenses, X-ray expenses, ambulance fees and surgery. They are utilized in addition to your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

More choices the merrier

We just presented a lot of tips how to save on 2003 Oldsmobile Silhouette insurance. The most important thing to understand is the more companies you get premium rates for, the higher your chance of finding affordable insurance. You may be surprised to find that the biggest savings come from some of the lesser-known companies. Regional companies may cover specific market segments cheaper compared to the large companies like Progressive or Geico.

When trying to cut insurance costs, don’t be tempted to buy poor coverage just to save money. There have been many situations where an insured cut liability coverage limits and discovered at claim time that they should have had better coverage. The goal is to get the best coverage possible for the lowest price and still be able to protect your assets.

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