Cheaper 2006 Chevrolet Monte Carlo Insurance Rates

Having to pay for pricey car insurance can empty your bank account and force you to tighten up your finances. Price shopping at each renewal can lower your rates and help to reduce premiums and put more money in your pocket.

Insurance companies such as State Farm and Geico constantly blast consumers with ads and it is challenging if not impossible to avoid their marketing magic and find the best price available.

If you currently have car insurance, you stand a good chance to be able to cut costs considerably using this strategy. Choosing the best insurance company for you is quite easy. Although drivers need to learn how big insurance companies price online insurance and take advantage of how the system works.

Six tips to get cheap insurance prices

Many things are used in the calculation when you get a price on insurance. Some factors are common sense like a motor vehicle report, although some other factors are more transparent such as whether you are married or how safe your car is.

  • Lower rates by increasing deductibles – Comprehensive and collision coverage deductibles are the amount of money you are willing to pay in the event of a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims could be a windshield broken by a bird, fire damage, and damage caused by road hazards. The more the insured has to pay upfront, the less money you will pay for insurance coverage on Monte Carlo insurance.
  • How old are your drivers? – More experienced drivers are viewed as being more responsible, tend to file fewer claims and are safer drivers.Young drivers are proven to be easily distracted when at the wheel of a vehicle and because of this, their insurance coverage rates are much higher.
  • Remove unneeded extra coverages – There are a lot of additional extra coverages that sound like a good idea at the time if you don’t pay attention. Insurance for personal injury protection, death and dismemberment, and extra equipment coverage are examples of these. They may seem like a good idea at first, but if you don’t need them think about removing them and cutting costs.
  • Your stress level may be raising your rates – Occupations such as real estate brokers, business owners and stock brokers usually pay higher premium rates due to stressful work requirements and lengthy work days. Conversely, jobs such as actors, athletes and performers generally pay rates lower than average on Monte Carlo insurance.
  • No coverage gaps is important – Driving your car without having proper coverage is illegal and any future policy may cost more because you let your coverage have a gap. In addition to paying higher premiums, getting caught without coverage can result in a steep fine or even jail time. You may then have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Women tend to take less risk – Over time, data shows women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. They both have at-fault accidents in similar numbers, but men tend to have higher claims. Men also get higher numbers of serious violations like reckless driving and DUI. Teenage male drivers generally have the highest accident percentage and therefore have the most expensive insurance coverage rates.

Do you qualify for discounts?

Some insurance providers don’t necessarily list all disounts very clearly, so we took the time to find both well-publicized in addition to some of the lesser obvious credits that may apply to you.

  • Sign Online – Certain car insurance companies will give a small break for signing up on the internet.
  • Full Payment Discount – By paying your policy upfront rather than paying monthly you could save up to 5%.
  • Cautious Driver Discounts – Accident-free drivers can pay as much as 50% less on Monte Carlo insurance than drivers with accident claims.
  • Claim-Free Discount – Drivers who stay claim-free pay much less in comparison to insureds who have frequent claims or accidents.
  • ABS Brakes – Vehicles that have steering control and anti-lock brakes can reduce accidents so companies give up to a 10% discount.
  • Discount for Home Ownership – Owning a home can get you a discount because maintaining a house demonstrates responsibility.
  • Auto/Home Discount – If you combine your home and auto policies with one company they may give you a discount of nearly 15% which can help you find cheap insurance.
  • Sign Early and Save – Select car insurance companies give a discount for switching policies prior to the expiration date on your current policy. It’s a savings of about 10%.

While discounts sound great, it’s important to understand that some credits don’t apply to the overall cost of the policy. A few only apply to individual premiums such as medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, nobody gets a free ride.

Some companies that may offer policyholders many of the previously listed discounts include:

If you want low cost insurance quotes, ask each insurance company which discounts they offer. Savings might not be available to policyholders in your area. To choose insurers with discount car insurance rates, click here.

Don’t listen to company ads

Auto insurance companies such as State Farm, Allstate and Geico constantly bombard you with television and radio advertisements. All the ads convey the message that drivers can save some big amount if you switch your policy. How does every company give you a better price? Here is how they do it.

Different companies have specific characteristics for the type of customer that is profitable for them. An example of this type of driver might be over age 30, insures multiple vehicles, and chooses high deductibles. Anyone that matches those criteria will get low prices and will probably pay quite a bit less when switching companies.

Drivers who don’t qualify for the “perfect” profile will be charged higher rates which results in business not being written. The ads say “customers who switch” not “everyone that quotes” can get the lowest rates when switching. That’s why companies can make claims like that.

This really illustrates why you need to compare rate quotes every year. It’s just too difficult to predict the company that will provide you with the cheapest rates.

Don’t assume everyone needs the same insurance coverage

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions may help you determine if your situation may require specific advice.

  • Does my liability insurance cover pulling a trailer or camper?
  • Do I pay less for low miles?
  • Do I need more liability coverage?
  • Do I really need UM/UIM coverage?
  • Am I covered if I crash into my own garage door?
  • What companies insure drivers after a DUI or DWI?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

What auto insurance coverages do you need?

Knowing the specifics of auto insurance can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverage types found on the average auto insurance policy.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Chevy Monte Carlo.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for bills such as EMT expenses, surgery, funeral costs and pain medications. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Coverage for liability – This provides protection from injuries or damage you cause to other’s property or people that is your fault. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability can pay for things such as bail bonds, emergency aid, medical services and legal defense fees. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford.

Comprehensive or Other Than Collision – Comprehensive insurance covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hail damage and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – Collision insurance pays to fix your vehicle from damage from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as sideswiping another vehicle, backing into a parked car, sustaining damage from a pot hole, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible to bring the cost down.

More comparisons equals lower rates

Cheap 2006 Chevy Monte Carlo insurance can be bought both online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who may not have online quoting and these regional carriers work with local independent agencies.

We just presented a lot of ways to reduce 2006 Chevy Monte Carlo insurance premium rates online. The most important thing to understand is the more times you quote, the higher the chance of saving money. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Geico and State Farm.

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