Sick and tired of not being able to afford to insure your Chevy every month? You are no different than the majority of other car owners.
Numerous car insurance companies battle to insure your vehicles, so it can be very hard to choose a company to get the cheapest price
It’s a good habit to get comparison quotes on a regular basis because prices fluctuate regularly. Even if you think you had the best deal for Lumina coverage a few years ago a different company probably has better rates today. Forget all the misinformation about auto insurance because you’re about to find out how to use online quotes to save money, get proper deductibles and limits, all at the lowest rate.
It’s important that you understand the rating factors that help determine the price you pay for car insurance. Having a good understanding of what impacts premium levels helps enable you to make changes that may reward you with lower car insurance prices.
The following are a few of the “ingredients” that factor into rates.
There are several ways of comparing rate quotes from different insurance companies. The quickest method to compare 1996 Chevy Lumina insurance prices consists of obtaining rate quotes online. It is quite easy and can be accomplished in just a few minutes using one of these methods.
It’s your choice how you get your quotes, but make sure you use identical deductibles and coverage limits with every price quote. If you compare different values for each quote it’s impossible to determine the lowest rate for your Chevy Lumina. Having just a slight variation in insurance coverages may cause a big price difference. And when quoting auto insurance, remember that quoting more will improve the odds of getting the best price.
State Farm and Allstate constantly bombard you with television and radio advertisements. All the companies make the same claim that you’ll save big if you switch your policy. But how can every company make the same claim? This is how they do it.
Different companies can use profiling for the right customer that is profitable for them. For example, a driver they prefer might be profiled as between the ages of 30 and 50, has no tickets, and chooses high deductibles. Any driver who fits that profile will get the preferred rates and most likely will pay quite a bit less when switching companies.
Potential customers who don’t qualify for the requirements will have to pay higher premiums which leads to the driver buying from a lower-cost company. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that kind of money. This is how companies can truthfully make those claims.
Because of the profiling, you should get quotes from several different companies. You cannot predict the company that will provide you with the cheapest Chevy Lumina insurance rates.
Insurance can be prohibitively expensive, but there are discounts available to reduce the price significantly. Certain discounts will be triggered automatically at the time you complete a quote, but a few must be requested specifically before being credited.
Drivers should understand that some credits don’t apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, auto insurance companies aren’t that generous. Any qualifying discounts will cut your overall premium however.
For a list of providers offering auto insurance discounts, click here to view.
When buying proper insurance coverage for your vehicles, there isn’t really a perfect coverage plan. Every insured’s situation is different so this has to be addressed. These are some specific questions may help highlight if you could use an agent’s help.
If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.
Understanding the coverages of your policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages offered by insurance companies.
Uninsured or underinsured coverage
This gives you protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Lumina.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Frequently these coverages are similar to your liability insurance amounts.
Medical expense coverage
Coverage for medical payments and/or PIP pay for immediate expenses such as prosthetic devices, rehabilitation expenses and ambulance fees. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. It covers you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Collision coverage protection
Collision coverage pays for damage to your Lumina resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against things such as hitting a mailbox, crashing into a ditch, backing into a parked car, sustaining damage from a pot hole and crashing into a building. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible to bring the cost down.
Auto liability insurance
This coverage can cover injuries or damage you cause to a person or their property in an accident. This coverage protects you against other people’s claims. It does not cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability can pay for claims such as pain and suffering, legal defense fees, structural damage and court costs. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Comprehensive protection
This pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like rock chips in glass, damage from a tornado or hurricane and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
As you go through the steps to switch your coverage, do not sacrifice coverage to reduce premiums. In many instances, an accident victim reduced physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase a proper amount of coverage at the best price while still protecting your assets.
We just presented a lot of ways to save on 1996 Chevy Lumina insurance. The key concept to understand is the more you quote, the better your chances of lowering your rates. Consumers may even find the best price on auto insurance is with some of the lesser-known companies. Some small companies may often insure only within specific states and give getter rates than their larger competitors like State Farm, Geico and Nationwide.
Additional detailed information can be read by following these links: