Lower Your 2005 Saturn L300 Insurance Quotes

Are you regretting buying an overpriced car insurance policy? You’re preaching to the choir because there are many people just like you.

People have many insurance companies to buy insurance from, and although it’s nice to be able to choose, more options can take longer to adequately compare rates.

The purpose of this article is to help you learn how to effectively get price quotes and some tips to save money. If you currently have car insurance, you stand a good chance to be able to cut costs considerably using these techniques. But car owners can benefit by having an understanding of the way companies market on the web because it can help you find the best coverage.

Affordable insurance coverage rates with discounts

Companies don’t list their entire list of discounts in an easy-to-find place, so the below list has a few of the more well known and also the lesser-known credits that may apply to you.

  • Sign Early and Save – Some insurance companies provide a discount for signing up before your current coverage expires. This can save 10% or more.
  • Homeowners Discount – Owning a house can earn you a little savings since home ownership is proof of financial responsibility.
  • Driver’s Education for Students – Teen drivers should take driver’s ed class as it will make them better drivers and lower rates.
  • Payment Method – By making one initial payment rather than paying in monthly installments you can avoid monthly service charges.
  • Defensive Driving Course – Passing a course that instructs on driving safety could earn you a small percentage discount depending on where you live.
  • Drive Safe and Save – Safe drivers may save up to 50% more on L300 coverage as compared to drivers with claims.
  • Seat Belt Usage – Drivers who require all vehicle occupants to buckle up can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
  • Braking Control Discount – Cars, trucks, and SUVs with ABS and/or traction control prevent accidents and qualify for as much as a 10% discount.
  • Good Student – Being a good student may save you up to 25%. This discount can apply up until you turn 25.
  • Lower Rates for Military – Being on active duty in the military could mean lower insurance coverage rates.

Drivers should understand that some of the credits will not apply the the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Even though it appears you would end up receiving a 100% discount, it just doesn’t work that way.

A list of companies and some of their more popular discounts can be read below.

  • State Farm offers discounts including driver’s education, safe vehicle, Drive Safe & Save, accident-free, defensive driving training, and student away at school.
  • Progressive offers premium reductions for homeowner, online signing, good student, online quote discount, and multi-vehicle.
  • Progressive may offer discounts for multi-policy, multi-vehicle, online quote discount, online signing, and continuous coverage.
  • MetLife includes discounts for good driver, defensive driver, multi-policy, accident-free, good student, claim-free
  • Farm Bureau may include discounts for multi-policy, youthful driver, good student, 55 and retired, renewal discount, driver training, and safe driver.
  • Geico offers discounts for anti-lock brakes, driver training, anti-theft, membership and employees, multi-vehicle, and military active duty.
  • SAFECO may have discounts that include accident prevention training, homeowner, drive less, multi-car, anti-theft, and teen safe driver.

It’s a good idea to ask each insurance company which credits you are entitled to. Depending on the company, some discounts might not be offered on policies in your area. If you would like to see a list of insurance companies that offer multiple discounts, click here to view.

How much is car insurance?

There are a variety of methods to shop for car insurance, but there is one way that is less time-consuming than others. You could waste a few hours talking to insurance agencies in your area, or you could save time and use online quotes to get the quickest rates.

Many popular insurance companies take part in a program where insurance shoppers submit their information once, and each participating company provides a quote based on that information. This saves time by eliminating quote requests for each company. To submit your quote information now, click here to start a free quote.

The only downside to pricing coverage this way is you don’t know exactly which insurance companies to get quotes from. So if you prefer to choose specific insurance companies to receive pricing from, we have assembled a list of companies who write car insurance in your area. View list of insurance companies.

It doesn’t matter which method you choose, just make sure you are using identical coverage limits on every quote. If you compare differing limits it will be impossible to make an equal comparison. Just slight variations in coverage limits could skew the results. And when price shopping your coverage, having more price comparisons gives you a better chance of getting the best price.

Tailor your auto insurance coverage to you

When it comes to choosing proper insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions may help highlight if you may require specific advice.

  • What can I do if my company denied a claim?
  • Is my state a no-fault state?
  • What is roadside assistance coverage?
  • Do I have coverage for damage caused while driving under the influence?
  • Do I have coverage when making deliveries for my home business?
  • Is rental equipment covered for theft or damage?
  • What if I don’t agree with a claim settlement offer?
  • How can I get high-risk coverage after a DUI?

If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area.

Insurance coverage basics

Knowing the specifics of insurance helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages available from insurance companies.

Insurance for medical payments

Coverage for medical payments and/or PIP pay for expenses like doctor visits, X-ray expenses, chiropractic care, hospital visits and ambulance fees. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Auto liability

Liability coverage can cover damage or injury you incur to other people or property in an accident. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire 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 and claims can be made without the split limit restrictions.

Liability coverage protects against things like loss of income, funeral expenses, repair bills for other people’s vehicles, pain and suffering and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Usually these coverages are identical to your policy’s liability coverage.

Collision coverage protection

This pays for damage to your L300 from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like driving through your garage door, backing into a parked car and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage (or Other than Collision)

This covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like rock chips in glass, hitting a deer, vandalism and a tree branch falling on your vehicle. The highest amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

The best insurance company isn’t always the cheapest

Budget-friendly insurance coverage is available online and from local agencies, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who may not provide price quotes online and many times these smaller companies prefer to sell through independent agencies.

When buying insurance coverage, never skimp on coverage in order to save money. In too many instances, an insured cut liability coverage limits to discover at claim time that it was a big error on their part. Your objective should be to get the best coverage possible for the lowest cost while not skimping on critical coverages.

More detailed insurance coverage information can be read in these articles: