1992 Dodge Colt Insurance Cost

Searching for better insurance coverage rates for your Dodge Colt? Scraping up a payment for overpriced Dodge Colt insurance can take a big chunk out of your bank account and put a big crunch on your finances. Comparison shopping is free and is an excellent way to lower your monthly bill. With so many insurance companies to choose from, it is hard for the average consumer to locate the lowest price insurer.

Consumers should take time to take a look at other company’s rates before your policy renews because prices are usually higher with each renewal. Even if you got the best deal on Colt insurance two years ago you will most likely find a better rate today. Don’t believe everything you read about insurance coverage on the internet, so by reading this article, you’re going to learn a lot of great tips on how to find cheap insurance coverage.

Choosing the best insurance company for you is quite easy. If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using these methods. Drivers only need an understanding of the best way to compare company rates online.

Finding Insurance Coverage

Finding lower insurance coverage rates isn’t really that difficult. You just need to invest a little time to compare rate quotes provided by online insurance companies. This can be done in several different ways.

One of the best ways to find the lowest comparison rates would be an industry-wide quote request form like this one (opens in new window). This method prevents you from having to do a different quote for every insurance coverage company. Filling out one form will return quotes from multiple companies.

A harder way to obtain and compare quotes online consists of visiting the website for every company you want to comare to request a price quote. For examples sake, let’s assume you want to compare Nationwide, Geico and GMAC. You would have to visit each site and enter your policy data, which is why most consumers use the first method.

For a list of links to insurance companies in your area, click here.

It doesn’t matter which method you choose, just double check that you are using apples-to-apples coverage limits on every quote you get. If your comparisons have higher or lower deductibles it’s impossible to determine the best price for your Dodge Colt.

Discounts are basically free money

Companies don’t always advertise every available discount in an easy-to-find place, so we took the time to find both well-publicized and also the lesser-known discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Sign Early and Save – A few companies offer discounts for switching to them before your current expiration date. It can save you around 10%.
  • Homeowners Pay Less – Being a homeowner can save you money because of the fact that having a home demonstrates responsibility.
  • Anti-lock Brakes – Vehicles with anti-lock braking systems can avoid accidents and therefore earn up to a 10% discount.
  • Discount for New Cars – Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
  • Senior Discount – Mature drivers can possibly qualify for better auto insurance rates on Colt insurance.

Consumers should know that most discounts do not apply to the overall cost of the policy. Most only reduce individual premiums such as liability and collision coverage. So even though it sounds like you can get free auto insurance, auto insurance companies aren’t that generous.

For a list of companies with the best auto insurance discounts, follow this link.

Which insurance is the “right” coverage?

When it comes to choosing the right insurance coverage, there really is not a one size fits all plan. Each situation is unique so your insurance should reflect that Here are some questions about coverages that might help in determining if you would benefit from an agent’s advice.

  • What is the difference between comprehensive and collision coverage?
  • Why does it cost so much to insure a teen driver?
  • Should I carry comprehensive and collision coverage?
  • When should my teen driver be added to my policy?
  • Exactly who is provided coverage by my policy?
  • Does my car insurance cover rental cars?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Factors that can influence insurance rates for a Dodge Colt

It’s important that you understand the different types of things that play a part in calculating the rates you pay for auto insurance. When you know what positively or negatively influences your rates helps enable you to make changes that may reward you with big savings.

Shown below are some of the factors that factor into rates.

  • Lower deductibles cost more – Physical damage coverage, also known as collision and other-than-collision, protects your Dodge from damage. Some instances where coverage would apply are a windshield shattered by a rock, damage from fire, and windstorm damage. Physical damage deductibles are the amount of money you are willing to pay in the event of a claim. The more expense you are required to pay out-of-pocket, the lower your rates will be on Colt insurance.
  • Your credit rating is important – Credit score is a large factor in calculating your auto insurance rates. People with high credit ratings tend to be more responsible than drivers who have lower credit ratings. If your credit is low, you could be paying less to insure your 1992 Dodge Colt by improving your rating.
  • Poor driving leads to higher costs – A bad driving record has a huge affect on how much you pay. Even one citation may increase your cost by as much as thirty percent. Drivers with clean records have lower premiums than people who have multiple driving citations. If you have severe violations like hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) with their state DMV in order to drive a vehicle legally.
  • Consolidate policies to earn discounts – Many auto insurance companies will award you with lower prices to customers who carry more than one policy, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s still a good idea to compare rates to confirm you are receiving the best rates possible.
  • Do you have a high stress job? – Did you know your auto insurance rates can be affected by your occupation? Occupations like judges, social workers and financial analysts are shown to have higher average rates attributed to high stress levels and long work days. Conversely, jobs such as scientists, engineers and homemakers pay the least on Colt insurance.
  • More people means more accidents – Living in a rural area has it’s advantages when buying auto insurance. Fewer drivers means reduced accidents and a lower car theft rate. Urban drivers tend to have congested traffic and longer commute times. Longer commute distances translates into higher accident risk.
  • Liability coverage is peace of mind – Your policy’s liability coverage will protect you if a court rules you are at fault for damages from an accident. It provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.

What car insurance coverages do you need?

Learning about specific coverages of a car insurance policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement. Shown next are the usual coverages found on most car insurance policies.

Comprehensive insurance

This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like damage from a tornado or hurricane, damage from getting keyed, falling objects, hitting a deer and a broken windshield. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for pain medications, hospital visits, EMT expenses, nursing services and X-ray expenses. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible

Auto liability insurance

This coverage protects you from damages or injuries you inflict on other people or property that is your fault. It protects you against claims from other people, and does not provide coverage for 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 values of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for things such as attorney fees, legal defense fees, bail bonds, funeral expenses and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Collision insurance

This covers damage to your Colt caused by collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like backing into a parked car, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Dodge Colt.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

In Summary

Discount 1992 Dodge Colt insurance can be purchased from both online companies in addition to many insurance agents, so compare prices from both in order to have the best price selection to choose from. Some insurance providers do not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

While you’re price shopping online, you should never sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.

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