How Much Does 2000 Chevrolet Prizm Insurance Cost?

Trying to find low-cost insurance for a Chevy Prizm can normally be a painful process, but you can use a few tricks to make it easier. There is a better way to shop for insurance coverage and you need to know the quickest way to compare rates for a new or used Chevy and get the cheapest rates from local insurance agents and online providers.

You need to do rate comparisons on a regular basis since insurance rates are rarely the same from one policy term to another. Just because you had the lowest price on Prizm coverage on your last policy a different company probably has better rates today. Block out anything you think you know about insurance coverage because we’re going to demonstrate the fastest and easiest way to reduce your cost while improving coverage.

Pay less by taking advantage of discounts

Companies offering auto insurance don’t always advertise every discount very well, so here is a list both well-publicized as well as the least known discounts you could be receiving. If you don’t get every credit you qualify for, you’re paying more than you need to.

  • Discount for New Cars – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Paperless Signup – A few companies will give a small break simply for signing digitally online.
  • Pay Upfront and Save – By paying your policy upfront rather than paying monthly you may reduce your total bill.
  • Accident Free – Claim-free drivers pay much less when compared to drivers who are more careless.
  • Accident Waiver – Some insurance companies allow you one accident without raising rates if you are claim-free for a certain period of time.

It’s important to note that most credits do not apply to the overall cost of the policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, companies don’t profit that way.

Companies that may have these discounts may include but are not limited to:

Double check with each company how you can save money. Some discounts might not apply in your state.

Why you might be paying too much to insure your Chevy Prizm

Smart consumers have a good feel for some of the elements that help determine the rates you pay for insurance coverage. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

  • Lower rates with optional equipment – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart auto theft.
  • Never go without insurance – Letting your insurance expire will be a sure-fire way to increase your insurance coverage rates. And not only will your rates increase, failure to provide proof of insurance can result in a license revocation or jail time.Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • How many coverages with the same company – Some insurers provide better rates to people who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. Even if you’re getting this discount you may still want to compare other company rates to verify if the discount is saving money. Drivers may still find a better deal by insuring with multiple companies.
  • Bump up deductibles to save – Physical damage coverage, also known as collision and other-than-collision, protects your Chevy from damage. Examples of covered claims could be running into the backend of another car, damage from fire, and burglary. The deductibles are the amount of money you are required to spend in the event of a claim. The higher the amount you’re willing to pay, the lower your rates will be on Prizm coverage.
  • Frequent insurance coverage claims increase rates – Companies give better rates to policyholders who do not file claims often. If you tend to file frequent claims, you can pretty much guarantee higher rates. Insurance coverage is designed for major claims that would cause financial hardship.
  • Rates may be lower depending on your job – Did you know that where you work can have an impact on rates? Occupations such as real estate brokers, executives and accountants have higher rates than average in part from high stress levels and lots of time spent at work. On the flip side, professions such as pilots, athletes and performers get better rates on Prizm coverage.

Your coverage should be tailored to you

When choosing the right insurance coverage for your vehicles, there really is no one size fits all plan. Everyone’s needs are different.

These are some specific questions could help you determine if you would benefit from an agent’s advice.

  • Why am I be forced to buy a membership to get insurance from some companies?
  • Am I covered when driving a rental car?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need roadside assistance coverage?
  • How do I file an SR-22 for a DUI in my state?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • How do I insure my teen driver?
  • Should I put collision coverage on all my vehicles?
  • Do I need higher collision deductibles?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and may give you better protection.

Parts of your insurance policy

Knowing the specifics of a insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement.

Auto liability – Liability insurance will cover damage that occurs to people or other property that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 100/300/100 that means you have a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability can pay for things like loss of income, repair costs for stationary objects and legal defense fees. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as doctor visits, nursing services, X-ray expenses and prosthetic devices. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive protection – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as vandalism, a tree branch falling on your vehicle and damage from flooding. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured or underinsured coverage – This protects you and your vehicle when other motorists do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Prizm.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Collision coverage – This coverage pays for damage to your Prizm resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a ditch, driving through your garage door, hitting a mailbox, sideswiping another vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

What is YOUR best insurance company?

As you shop your coverage around, never buy less coverage just to save a little money. There have been many cases where someone sacrificed collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase a proper amount of coverage at a price you can afford.

Cost effective 2000 Chevy Prizm insurance is possible both online in addition to many insurance agents, so you should be comparing quotes from both to have the best rate selection. A few companies do not provide online price quotes and these regional insurance providers work with independent agents.

We just showed you a lot of tips how to compare insurance prices online. The key thing to remember is the more providers you compare, the better your comparison will be. You may be surprised to find that the lowest premiums are with some of the lesser-known companies.

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