1993 Chevrolet Lumina Insurance Rates – 8 Tips for Best Quotes

Nobody cherishes buying car insurance, especially when they are paying too much. Consumers have many auto insurance companies to insure vehicles with, and although it’s nice to have a selection, it can be more difficult to find the lowest cost provider.

This information will teach you how car insurance quotes work. If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using this information. Consumers just need to understand how to compare rates on the web.

Don’t overlook these eight discounts

Insurance can be prohibitively expensive, but discounts can save money and there are some available that can drop the cost substantially. Certain discounts will be applied when you purchase, but some may not be applied and must be asked about prior to getting the savings. If you’re not getting every credit you qualify for, you are throwing money away.

  • Student in College – Any of your kids who live away from home without a vehicle on campus can be insured at a reduced rate.
  • Discount for Swiching Early – A few companies offer discounts for signing up prior to your current policy expiring. The savings is around 10%.
  • Senior Discount – If you’re over the age of 55, you may qualify for a small decrease in premiums for Lumina coverage.
  • Defensive Driving Course – Taking part in a defensive driving course could cut 5% off your bill depending on where you live.
  • Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you could save up to 5%.
  • Low Mileage – Driving fewer miles could be rewarded with discounted rates on garaged vehicles.
  • No Accidents – Drivers with accident-free driving histories pay much less compared to frequent claim filers.
  • Bundle and Save – If you have multiple policies with the same insurance company you will save at least 10% off all policies.

Consumers should know that most credits do not apply to the overall cost of the policy. Some only apply to specific coverage prices like comprehensive or collision. So despite the fact that it appears you would end up receiving a 100% discount, companies don’t profit that way. But any discount will reduce the amount you have to pay.

To see a list of insurance companies who offer insurance coverage discounts, click here.

Is my situation unique?

When it comes to buying proper insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether your personal situation would benefit from professional advice.

  • Is my nanny covered when driving my vehicle?
  • Is my cargo covered for damage or theft?
  • I don’t drive much so do I pay less?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Who is covered by my policy?
  • Should I buy more coverage than the required minimum liability coverage?
  • Does my policy cover me when driving someone else’s vehicle?
  • Does my liability insurance cover pulling a trailer or camper?
  • Is my business laptop covered if it gets stolen from my vehicle?

If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

The insurance coverage bait and switch

Consumers can’t get away from ads that promise big savings from companies such as Allstate, Geico and Progressive. They all seem to make the same claim about savings if you move your policy.

How does each company make almost identical claims?

All companies have a certain “appetite” for the type of driver that earns them a profit. For example, a desirable insured might be between the ages of 40 and 55, has no tickets, and has great credit. A propective insured who fits that profile will get very good rates and therefore will save quite a bit of money when switching.

Potential insureds who do not match the “perfect” profile will be quoted a more expensive rate and this can result in the driver buying from a lower-cost company. The ads state “customers who switch” not “everyone that quotes” save that much. That’s why insurance companies can advertise the savings.

This emphasizes why drivers should compare as many rates as you can. It’s not possible to predict which insurance companies will have the lowest Chevy Lumina insurance rates.

Auto insurance coverage information

Knowing the specifics of car insurance aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverages available from car insurance companies.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as hitting a bird, damage from getting keyed and rock chips in glass. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance kick in for expenses like chiropractic care, ambulance fees, pain medications, prosthetic devices and nursing services. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. They cover you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Collision coverage

Collision insurance pays for damage to your Lumina from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like hitting a parking meter, hitting a mailbox, sustaining damage from a pot hole and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Chevy Lumina.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Most of the time these coverages do not exceed the liability coverage limits.

Liability car insurance

This will cover damage or injury you incur to people or other property by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like pain and suffering, attorney fees and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

Don’t break the bank

Throughout this article, we presented many ideas to save on 1993 Chevy Lumina insurance. The key thing to remember is the more price quotes you have, the better likelihood of reducing your rate. You may be surprised to find that the lowest priced car insurance comes from an unexpected company. They can often provide lower rates in certain areas than their larger competitors like Progressive or Geico.

When shopping online for car insurance, never skimp on critical coverages to save a buck or two. There have been many situations where an accident victim reduced comprehensive coverage or liability limits only to regret that the few dollars in savings costed them thousands. Your strategy should be to purchase plenty of coverage for the lowest price while still protecting your assets.

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