2001 Oldsmobile Alero Insurance Rates – 6 Policy Discounts

Buyers have a choice when searching for the best price on Oldsmobile Alero insurance. You can either waste hours contacting agents to get rate comparisons or use the internet to make rate comparisons.

There are more efficient ways to buy auto insurance so we’re going to tell you the quickest way to compare rates for a new or used Oldsmobile and find the cheapest rates from both online companies and local agents.

Smart consumers take time to price shop coverage quite often since rates are adjusted regularly by insurance companies. Just because you had the best rates on Alero coverage on your last policy the chances are good that you can find a lower rate today. So just forget all the misinformation about auto insurance because I’m going to teach you the right way to save on auto insurance.

Companies offer discounts so take them!

The cost of insuring your cars can be expensive, but discounts can save money and there are some available that you may not know about. A few discounts will automatically apply at the time of quoting, but a few need to be specially asked for prior to getting the savings. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

  • 55 and Retired – Mature drivers may qualify for a discount up to 10% on Alero coverage.
  • Save with a New Car – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for new cars.
  • Distant Student – Any of your kids who live away from home and don’t have a car can receive lower rates.
  • Sign Early and Save – A few companies offer discounts for buying a policy before your current policy expires. It can save you around 10%.
  • Driver Safety – Taking a defensive driving course could possibly earn you a 5% discount depending on where you live.
  • Military Rewards – Having a deployed family member may qualify for rate reductions.

It’s important to understand that most discounts do not apply to the entire policy premium. Most cut the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck. But all discounts will cut your premiums.

A partial list of companies that may offer these money-saving discounts are:

Before buying, ask each insurance company which discounts you may be entitled to. Discounts might not apply in your area.

Do I just need basic coverages?

When buying the best auto insurance coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.

Here are some questions about coverages that can help discover whether your personal situation might need an agent’s assistance.

  • How do I file an SR-22 for a DUI in my state?
  • If my 2001 Oldsmobile Alero is totaled, can I afford another vehicle?
  • What companies insure drivers after a DUI or DWI?
  • Should I rate my 2001 Oldsmobile Alero as pleasure use or commute?
  • When can I cancel my policy?
  • Is my dog or cat covered if injured in an accident?
  • Do I benefit by insuring my home with the same company?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, free and can help protect your family.

Coverages available on your insurance policy

Learning about specific coverages of a insurance policy aids in choosing the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Collision – This pays for damage to your Alero caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things like backing into a parked car, colliding with another moving vehicle, sideswiping another vehicle and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for bills like doctor visits, ambulance fees and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover you and your occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states and may carry a deductible

Auto liability – Liability coverage provides protection from damages or injuries you inflict on other’s property or people that is your fault. It protects YOU against other people’s claims. It does not 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 policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as medical expenses, structural damage and court costs. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM Coverage – Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Oldsmobile Alero.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time these coverages are similar to your liability insurance amounts.

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like falling objects, a broken windshield, vandalism, hitting a deer and theft. The maximum payout your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Be a penny pincher

We just covered many tips how you can save on 2001 Oldsmobile Alero insurance. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers may even find the best price on insurance coverage is with some of the lesser-known companies.

When shopping online for insurance coverage, it’s a bad idea to buy less coverage just to save a little money. In too many instances, an insured dropped liability coverage limits only to discover later that the savings was not a smart move. The aim is to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

Cheap insurance is attainable both online as well as from independent agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who don’t offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

To read more, feel free to browse the articles below: