Cheaper 2002 Saab 9-5 Insurance Rates

Trying to find lower car insurance rates for your Saab 9-5? Feel like you’re a prisoner to overpriced car insurance? Believe me, there are lots of people in the same boat.

Because there are so many choices of insurance companies, it is hard for the average consumer to find the cheapest company.

You should take the time to compare prices before your policy renews because rates go up and down regularly. Even if you got the best rates on 9-5 coverage last year you will most likely find a better rate today. So forget anything you know (or think you know) about car insurance because you’re about to learn the quickest way to save on car insurance.

Factors that can influence insurance rates for a Saab 9-5

An important part of buying insurance is that you know the rating factors that come into play when calculating your car insurance rates. Understanding what determines base rates enables informed choices that can help you get much lower annual insurance costs.

  • Better credit means lower rates – Your credit rating is a large factor in your rate calculation. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers with lower credit scores. If your credit history can use some improvement, you could be paying less to insure your 2002 Saab 9-5 by repairing your credit.
  • Little extras can really add up – There are a ton of add-on coverages that can waste your money if you aren’t careful. Things like roadside assistance, accident forgiveness and membership fees are some examples. These coverages may sound good when talking to your agent, but your needs may have changed so remove them from your policy.
  • How your age affects price – Older drivers are viewed as being more responsible, tend to file fewer claims and tend to be better behind the wheel. Young drivers are known to be careless and easily distracted behind the wheel and because of this, their car insurance rates are much higher.
  • Your occupation can affect rates – Occupations such as judges, executives and stock brokers have the highest rates in part from high stress levels and lots of time spent at work. On the other hand, professions such as farmers, students and retirees get better rates on 9-5 coverage.
  • Do you know your deductibles? – Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Saab from damage. Examples of covered claims would be colliding with a building, damage caused by hail, and rolling your vehicle. Your deductibles are the amount of money you are willing to pay before a claim is paid by your company. The more you’re willing to pay, the bigger discount you will receive on 9-5 coverage.

How much can you save with discounts?

Insurance can be prohibitively expensive, but you can get discounts that you may not even be aware of. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be manually applied before they will apply.

  • Paperwork-free – Certain companies give back up to $50 just for signing your application digitally online.
  • Homeowners Discount – Owning a house may earn you a small savings because of the fact that having a home shows financial diligence.
  • Seat Belts Save – Using a seat belt and requiring all passengers to wear their seat belts can save up to 15% off your medical payments premium.
  • Low Mileage Discounts – Fewer annual miles on your Saab could qualify for better rates on cars that stay parked.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and qualify for as much as a 10% discount.
  • Air Bag Discount – Factory air bags or automatic seat belts can get savings of more than 20%.
  • Pay Upfront and Save – If you pay your bill all at once rather than paying monthly you may reduce your total bill.
  • Defensive Driving Course – Taking a defensive driving course could save 5% or more if you qualify.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy qualifies for this discount.

It’s important to note that some of the credits will not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like you could get a free insurance coverage policy, companies wouldn’t make money that way. But all discounts will bring down your overall premium however.

Insurance companies that may have these benefits include:

Before buying, ask each company how you can save money. All car insurance discounts might not apply everywhere.

The car insurance bait and switch

Progressive, Allstate and Geico constantly bombard you with ads on TV and radio. All the companies make the same claim about savings if you switch your policy. How do they all say the same thing?

Different companies can use profiling for the driver that earns them a profit. For instance, a profitable customer might be profiled as over the age of 50, has no prior claims, and drives newer vehicles. A propective insured who fits that profile receives the best rates and therefore will pay quite a bit less when switching companies.

Consumers who don’t qualify for the “perfect” profile will be charged higher rates which leads to business going elsewhere. The ad wording is “customers who switch” not “everyone that quotes” save that much. That is how insurance companies can confidently state the savings.

That is why you absolutely need to quote coverage with many companies. It’s just too difficult to predict which insurance companies will have the lowest Saab 9-5 insurance rates.

How much car insurance do I need?

When it comes to buying proper insurance coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions may help you determine whether you would benefit from professional advice.

  • Do I need to file an SR-22 for a DUI in my state?
  • Is pleasure use cheaper than using my 2002 Saab 9-5 to commute?
  • Does my insurance cover my expensive audio equipment?
  • Which is better, split liability limits or combined limits?
  • Is my nanny covered when driving my vehicle?
  • Why do I only qualify for high-risk insurance?

If it’s difficult to answer those questions, you might consider talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area.

Insurance policy coverages for a 2002 Saab 9-5

Knowing the specifics of a insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average insurance policy.

UM/UIM Coverage

This gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Saab 9-5.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Frequently these coverages are set the same as your liablity limits.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as fire damage, hitting a deer, hail damage, rock chips in glass and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability insurance

Liability coverage protects you from damage or injury you incur to people or other property in an accident. It protects you against claims from 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. As an example, you may have policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like funeral expenses, structural damage and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like doctor visits, dental work and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like colliding with a tree, scraping a guard rail, sustaining damage from a pot hole, crashing into a ditch and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

The best insurance company isn’t always the cheapest

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The proper strategy is to purchase plenty of coverage at an affordable rate while still protecting your assets.

Cheaper 2002 Saab 9-5 insurance is possible from both online companies and with local insurance agents, and you should compare price quotes from both so you have a total pricing picture. There are still a few companies who do not offer online price quotes and most of the time these small, regional companies sell through independent agents.

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