Cheap 2001 Oldsmobile Silhouette Insurance Cost

Looking for the cheapest car insurance rates for your Oldsmobile Silhouette? Are you tired of being strong-armed to pay your car insurance bill each month? Your situation is no different than many other drivers.

Insurance companies such as State Farm, Progressive and Geico all promote huge savings with ad campaigns and it is difficult to ignore the promise of big savings and effectively compare rates to find the best deal.

It’s a good idea to get comparison quotes every six months since rates tend to go up over time. Just because you found the best price for Silhouette coverage a couple years back there may be better deals available now. Ignore everything you know about car insurance because we’re going to demonstrate the right way to get good coverage at a lower rate.

The quickest way to compare policy rates is to realize all the major auto insurance companies pay for the opportunity to quote your coverage. All you need to do is provide a small amount of information like how much education you have, the ages of drivers, your general credit rating, and if a SR-22 is needed. That rating data is instantly provided to multiple auto insurance providers and you will get price comparisons immediately.

Discounts to lower 2001 Oldsmobile Silhouette insurance rates

Insuring your vehicles can cost a lot, buy you may qualify for discounts that you may not know about. Most are applied at the time of purchase, but some may not be applied and must be manually applied before being credited.

  • Good Student – Getting good grades can get you a discount of up to 25%. The discount lasts until age 25.
  • Early Signing – Select companies give a discount for switching policies prior to your current policy expiration. This can save 10% or more.
  • Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
  • Life Insurance Discount – Larger companies have a discount if you purchase life insurance from them.
  • Save over 55 – If you’re over the age of 55, you may qualify for better insurance coverage rates for Silhouette coverage.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% compared to insuring an older model.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Oldsmobile could be rewarded with better rates on cars that stay parked.
  • Accident Waiver – Certain companies allow you one accident without raising rates if you are claim-free for a certain period of time.
  • Bundle and Save – When you have multiple policies with the same company you may save 10% to 20% off each policy.
  • Paperless Signup – A handful of insurance companies give back up to $50 just for signing your application on their website.

It’s important to understand that most credits do not apply to the entire cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates you could get a free insurance coverage policy, companies don’t profit that way. But all discounts will help reduce your premiums.

To see a list of insurers who offer insurance coverage discounts, click here to view.

Tailor your coverage to you

When buying proper insurance coverage for your personal vehicles, there really is no perfect coverage plan. Each situation is unique so your insurance needs to address that. For example, these questions can aid in determining whether your personal situation could use an agent’s help.

  • Is a new car covered when I drive it off the dealer lot?
  • Does my policy cover my teen driver if they drive my company car?
  • What is the minimum liability in my state?
  • How can I get high-risk coverage after a DUI?
  • How much liability do I need to cover my assets?
  • Will my insurance pay for OEM parts?
  • Do I have coverage when making deliveries for my home business?
  • Am I covered if my car is in a flood?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

The coverage is in the details

Understanding the coverages of your policy can help you determine appropriate coverage for your vehicles. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages found on the average auto insurance policy.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as chiropractic care, pain medications and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision coverage

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as driving through your garage door, sustaining damage from a pot hole, crashing into a building, crashing into a ditch and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive protection

This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, damage from a tornado or hurricane, fire damage and hail damage. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your 2001 Oldsmobile Silhouette.

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. This is the reason having UM/UIM coverage should not be overlooked. Normally these coverages do not exceed the liability coverage limits.

Liability insurance

Liability insurance provides protection from injuries or damage you cause to other people or property in an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as structural damage, bail bonds, repair costs for stationary objects and emergency aid. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

You can do this!

When shopping online for car insurance, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed liability limits or collision coverage only to discover later they didn’t purchase enough coverage. Your strategy should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

In this article, we presented many ideas to get a better price on 2001 Oldsmobile Silhouette insurance. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the lowest priced car insurance comes from the smaller companies. They may only write in your state and offer lower rates as compared to the big name companies such as Allstate or State Farm.

Helpful learning opportunities