Searching for the cheapest car insurance rates for your Chevrolet Lumina? Have you had enough of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as many other drivers. Drivers have multiple insurance companies to insure vehicles with, and although it’s a good thing to have a choice, lots of choices makes it harder to find the best rates for your vehicles.
It is always a good idea to compare rates at least once a year because insurance rates fluctuate regularly. Despite the fact that you may have had the lowest rates on Lumina insurance on your last policy you may be paying too much now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to one of the quickest ways to properly buy coverages while reducing your premium.
Car insurance can cost a lot, buy you may qualify for discounts that you may not even be aware of. Some discounts apply automatically at the time you complete a quote, but some must be requested specifically prior to getting the savings. If you’re not getting every credit available, you are throwing money away.
It’s important to understand that some credits don’t apply to all coverage premiums. Most only apply to specific coverage prices like comprehensive or collision. Even though it may seem like adding up those discounts means a free policy, auto insurance companies aren’t that generous. But any discount will reduce your premiums.
Companies that may have these discounts are:
Before buying, ask each company which discounts you may be entitled to. Discounts may not be available in your state.
It’s important that you understand the different types of things that play a part in calculating the price you pay for insurance. When you know what positively or negatively controls the rates you pay enables informed choices that will entitle you to lower insurance prices.
Shown below are a few of the “ingredients” insurance companies consider when setting prices.
When choosing proper insurance coverage for your personal vehicles, there really is not a one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions might point out whether your personal situation might need professional guidance.
If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.
Consumers can’t ignore all the ads that promise big savings from the likes of 21st Century, Allstate and State Farm. All the ads have a common claim that you can save if you switch your coverage to them.
But how can every company claim to save you money?
All the different companies have a preferred profile for the type of customer that earns them a profit. An example of a profitable customer could possibly be over the age of 50, has no driving citations, and has excellent credit. A customer that hits that “sweet spot” gets the lowest rates and therefore will save when they switch companies.
Drivers who do not match this ideal profile will be quoted more money and ends up with the driver buying from a lower-cost company. The ads state “people who switch” but not “drivers who get quotes” save that much. That’s the way companies can advertise the way they do.
This emphasizes why it’s extremely important to compare many company’s rates. Because you never know which insurance companies will fit your personal profile best.
Having a good grasp of your policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types available from insurance companies.
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as rock chips in glass, vandalism, fire damage, hail damage and damage from flooding. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability insurance can cover damage that occurs to people or other property in an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for things like repair bills for other people’s vehicles, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.
This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 1998 Chevy Lumina.
Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these coverages do not exceed the liability coverage limits.
Collision coverage will pay to fix damage to your Lumina caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims like sustaining damage from a pot hole, colliding with a tree and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.
Coverage for medical payments and/or PIP pay for short-term medical expenses for things like EMT expenses, dental work, X-ray expenses, pain medications and hospital visits. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
When shopping online for insurance coverage, it’s very important that you do not buy less coverage just to save a little money. In many cases, an insured dropped uninsured motorist or liability limits and discovered at claim time they didn’t have enough coverage. The proper strategy is to buy a smart amount of coverage at a price you can afford while still protecting your assets.
Cheap 1998 Chevy Lumina insurance can be sourced on the web and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance coverage companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.
Much more information about insurance coverage can be read below: