Want lower insurance rates for your Chevrolet Lumina? Did you fall for a flashy sales pitch and buy overpriced insurance? Believe me, there are lots of people in the same boat. Since consumers have many choices of insurance companies, it is hard for the average consumer to locate the right company.
It’s smart to do rate comparisons occasionally because prices change regularly. Even if you got the best price for Lumina insurance on your last policy there may be better deals available now. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to one of the easiest ways to find the best coverage while lowering your premiums.
Finding the best rates is quite easy. If you have car insurance now, you will most likely be able to save some money using this strategy. Vehicle owners just need to understand the tricks to buy car insurance on the web.
Consumers need to have an understanding of some of the elements that go into determining the rates you pay for insurance. Understanding what controls the rates you pay enables informed choices that may reward you with much lower annual insurance costs.
Listed below are a partial list of the pieces insurance companies consider when setting rates.
Car insurance companies do not advertise all their discounts very clearly, so the following is a list of both the well known and the harder-to-find savings tricks you should be using. If you’re not getting every credit you deserve, you’re paying more than you need to.
It’s important to note that most credits do not apply to the entire cost. Most only cut specific coverage prices like medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, it just doesn’t work that way.
Car insurance companies that may offer some of the above discounts include:
Double check with all companies you are considering what discounts are available to you. All car insurance discounts may not be available in your state.
Drivers get pounded daily by advertisements that promise big savings by companies like State Farm, Allstate and Geico. They all say the same thing that you’ll save big after switching to them.
But how can every company say the same thing?
Insurance companies can use profiling for the right customer they prefer to insure. For instance, a profitable customer might be profiled as between 30 and 50, has no tickets, and has great credit. Any new insured that hits that “sweet spot” will get the preferred rates and is almost guaranteed to save a lot of money.
Potential insureds who do not match the “perfect” profile will have to pay a more expensive rate which usually ends up with the customer not buying. The ads say “customers who switch” not “people who quote” save that much. That’s why companies can claim big savings. Because of the profiling, it is so important to get as many comparisons as possible. It’s not possible to predict which insurance companies will have the lowest Chevy Lumina insurance rates.
When buying proper insurance coverage, there really is no one size fits all plan. Everyone’s situation is unique and your policy should reflect that. For instance, these questions might point out if your situation could use an agent’s help.
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, 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.
Having a good grasp of your policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. These are typical coverage types found on the average car insurance policy.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like hospital visits, pain medications, chiropractic care, X-ray expenses and funeral costs. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not universally available and may carry a deductible
Collision coverage – Collision insurance covers damage to your Lumina resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for things like hitting a mailbox, backing into a parked car, rolling your car and hitting a parking meter. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to bump up the deductible to bring the cost down.
Coverage for liability – Liability coverage can cover damage or injury you incur to other’s property or people that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.
Liability can pay for claims like repair bills for other people’s vehicles, legal defense fees, funeral expenses, court costs and structural damage. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.
Comprehensive coverages – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like vandalism, hitting a bird, rock chips in glass and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Chevy Lumina.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
We’ve covered many tips how you can save on 1994 Chevy Lumina insurance. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may even discover the best prices are with a company that doesn’t do a lot of advertising. These companies often have lower prices on specific markets than the large multi-state companies such as State Farm and Allstate.
Discount insurance is attainable on the web in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers do not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.