1992 Chevrolet Caprice Car Insurance Cost

Looking for cheaper auto insurance rates for your Chevrolet Caprice? I can’t think of anyone who looks forward to buying auto insurance, in particular when their premiums are through the roof. Drivers have multiple auto insurance companies to buy insurance from, and even though it’s nice to have a choice, lots of choices makes it harder to compare rates and find the lowest cost auto insurance.

It is always a good idea to shop coverage around once or twice a year since rates are usually higher with each renewal. Even if you got the best price for Caprice coverage last year you will most likely find a better rate today. You can find a lot of misleading information regarding auto insurance on the web, but I’m going to show you some solid techniques on how to reduce your auto insurance bill.

Chevy Caprice insurance rates consist of many parts

It’s important that you understand the factors that come into play when calculating the rates you pay for insurance. Having a good understanding of what determines base rates allows you to make educated decisions that can help you get better insurance rates.

  • Your spouse saves you money – Getting married can get you a discount on insurance. Marriage translates into being more responsible and it’s statistically proven that married couples file fewer claims.
  • What are your deductibles? – Deductibles for physical damage define the amount you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage to your car, also known as collision and other-than-collision, covers damage that occurs to your car. Examples of covered claims are running into the backend of another car, damage from fire, and windstorm damage. The more expense you’re willing to pay, the lower your rates will be for Caprice coverage.
  • Traffic violations increase rates – A bad driving record has a big impact on rates. Even one speeding ticket may increase your cost forty percent or more. Drivers with clean records get better rates than bad drivers. If you have serious violations such as hit and run, DWI or reckless driving convictions may find they need to file a SR-22 with their state DMV in order to continue driving.
  • Small claims can cost you – Auto insurance companies generally give lower rates to people who do not rely on their insurance for small claims. If you frequently file small claims, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is designed for the bigger claims that can’t be paid out-of-pocket.
  • Little extras can really add up – There are many extra coverages you can purchase when buying insurance. Coverages like personal injury protection, better glass coverage and term life insurance may be wasting your money. These coverages may sound good when you first buy your policy, but if they’re wasting money get rid of them and save.
  • Theft deterrents lower rates – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your insurance. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Always keep insurance in force – Not having insurance can get your license suspended and you will pay a penalty because you let your coverage have a gap. And not only will insurance be more expensive, failure to provide proof of insurance will get you a steep fine or even jail time.You may have to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.

Cut your auto insurance rates with discounts

The cost of insuring your cars can be expensive, but there could be available discounts to help bring down the price. A few discounts will automatically apply at quote time, but a few must be specifically requested before you will receive the discount. If they aren’t giving you every credit available, you’re paying more than you need to.

  • Senior Citizens – Mature drivers may receive a small decrease in premiums for Caprice coverage.
  • Driver’s Ed – Have your child enroll in driver’s education if offered at their school.
  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Homeowners Discount – Being a homeowner may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • One Accident Forgiven – Certain companies allow you one accident before your rates go up if you are claim-free for a certain period of time.
  • Good Student – Performing well in school can save 20 to 25%. This discount can apply well after school through age 25.
  • Accident Free – Claim-free drivers pay less as compared to drivers who are more careless.

As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as comp or med pay. So even though they make it sound like adding up those discounts means a free policy, auto insurance companies aren’t that generous. But all discounts will help reduce your premiums.

To see a list of insurers who offer auto insurance discounts, click this link.

Is there deception in advertising?

Drivers can’t get away from ads for car insurance savings from the likes of Progressive, Geico, Allstate and State Farm. They all seem to make the same claim that you can save if you change your coverage to them.

But how can every company say the same thing?

All the different companies are able to cherry pick for the right customer that earns them a profit. A good example of a driver they prefer might be profiled as over the age of 40, insures multiple vehicles, and chooses high deductibles. A driver who matches those parameters will get the preferred rates and therefore will pay quite a bit less when switching companies.

Potential insureds who don’t measure up to the requirements will be charged higher rates and this can result in the customer not buying. The ad wording is “people who switch” not “everybody who quotes” save money. That’s why insurance companies can confidently make the claims of big savings.

That is why drivers should get quotes from several different companies. It’s just too difficult to predict which company will fit your personal profile best.

You are unique and your auto insurance should be too

When it comes to choosing adequate coverage for your personal vehicles, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions might point out whether your personal situation would benefit from professional advice.

  • Am I covered if I drive in a foreign country?
  • I have health insurance so do I need medical payments coverage?
  • Should I carry comprehensive and collision coverage?
  • Do I need more liability coverage?
  • What should my uninsured motorist coverage limits be in my state?
  • Can my babysitter drive my car?
  • If I drive on a suspended license am I covered?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Insurance coverages 101

Learning about specific coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. These are the usual coverages available from insurance companies.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Liability coverages – Liability insurance protects you from damages or injuries you inflict on a person or their property that is your fault. It protects you against claims from other people, and 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. As an example, you may have limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as funeral expenses, bail bonds, pain and suffering, structural damage and emergency aid. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like rolling your car, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

Comprehensive protection – This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as rock chips in glass, damage from flooding and damage from getting keyed. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical expense coverage – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as ambulance fees, funeral costs, pain medications, dental work and chiropractic care. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Have money to burn

You just read a lot of techniques to save on 1992 Chevy Caprice insurance. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Consumers may even find the lowest priced auto insurance comes from the least-expected company. These companies may only write in your state and offer lower rates than their larger competitors like Allstate and Progressive.

When trying to cut insurance costs, don’t be tempted to reduce coverage to reduce premium. There have been many cases where drivers have reduced collision coverage only to regret at claim time that the savings was not a smart move. Your strategy should be to get the best coverage possible at the best price.

More tips and info about auto insurance is located in the articles below: