Cheaper 2003 Chevrolet Monte Carlo Insurance Quotes

Searching for the cheapest auto insurance rates for your Chevrolet Monte Carlo? Have you had enough of paying out the nose each month for car insurance? You’re in the same situation as the majority of other car owners.

There is such a variety of insurance companies to purchase coverage from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to compare rates.

Chevy Monte Carlo insurance rates have many determining factors

An important part of buying insurance is that you know the rating factors that play a part in calculating the price you pay for auto insurance. Understanding what impacts premium levels helps enable you to make changes that will entitle you to much lower annual insurance costs.

  • Discounts for married couples – Being married actually saves money on auto insurance. Having a spouse translates into being more responsible it has been statistically shown that married couples file fewer claims.
  • Protect yourself with liability coverage – Your policy’s liability coverage provides coverage if a court rules you are at fault for personal injury or accident damage. Liability provides you with a defense in court starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • One company can mean more discounts – Most companies give discounts to insureds who consolidate policies with them. It’s known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. If you currently are using one company, it’s in your best interest to comparison shop to verify if the discount is saving money.
  • More claims means more premium – Companies award cheaper rates to drivers who do not file claims often. If you frequently file small claims, you can pretty much guarantee higher rates. Your insurance policy is designed for major claims that would cause financial hardship.
  • Lower rates with optional equipment – Owning a car with an alarm system can help bring down rates. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
  • Men are more aggressive – The statistics show women are more cautious behind the wheel. However, this does not mean women are better drivers. Men and women cause accidents in similar numbers, but the men have costlier accidents. Men also statistically get cited for more serious violations such as reckless driving. Teenage male drivers are the most expensive to insure and therefore have the most expensive auto insurance rates.

Cheap Insurance Coverage Comparisons

There are several ways of comparing rate quotes from local insurance coverage companies. The easiest way to compare 2003 Chevy Monte Carlo insurance prices consists of obtaining rate quotes online. This can be accomplished using a couple different methods.

  • One of the best ways to find the lowest comparison rates is a comparison rater form click to view form in new window. This form saves time by eliminating separate quote forms for each company you want a rate for. One form submission gets you price quotes direct from many companies.
  • A harder way to shop for insurance coverage online is going to each individual company website and fill out their own quote form. For sake of this example, let’s assume you want to compare rates from Farmers, State Farm and Geico. You would have to go to every website to input your insurance information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.
  • The hardest method to get comparison rates is to spend time driving to different agent offices. Buying insurance online makes this process obsolete unless you have a need for the professional advice of a licensed agent. You can, however, comparison shop your insurance online and get advice from an agent in your area. We’ll cover that shortly.

However you get your quotes, double check that you are using the exact same information for each comparison quote. If the quotes have higher or lower deductibles it’s not possible to find the best deal for your Chevy Monte Carlo. Having just a slight variation in coverages could mean much higher rates. And when quoting insurance coverage, remember that comparing more company’s prices will enable you to find the best rates.

Lots of discounts mean lots of savings

Car insurance is not cheap, but you may find discounts to help offset the cost. Larger premium reductions will be automatically applied at quote time, but some must be manually applied prior to receiving the credit.

  • Drive Safe and Save – Drivers who avoid accidents may save up to 50% more on Monte Carlo insurance than less cautious drivers.
  • Defensive Driver – Successfully completing a course in driver safety could cut 5% off your bill if you qualify.
  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Homeowners Pay Less – Owning a house can save you money because owning a home is proof that your finances are in order.
  • No Accidents – Drivers who don’t have accidents pay less when compared to accident-prone drivers.
  • Early Signing – Select companies give a discount for buying a policy before your current expiration date. This can save 10% or more.
  • Sign Online – A handful of insurance companies give back up to $50 just for signing your application over the internet.
  • One Accident Forgiven – Some insurance companies allow you one accident before hitting you with a surcharge if your claims history is clear for a certain period of time.

Keep in mind that most discounts do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will reduce the amount you have to pay.

To see a list of insurance companies offering auto insurance discounts, click here to view.

Situations that might require an agent

When it comes to buying the best car insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions might point out whether your personal situation could use an agent’s help.

  • Do I need rental car coverage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Is upholstery damage covered by car insurance?
  • When can my company non-renew my policy?
  • Does coverage extend to my business vehicle?
  • Are rental cars covered under my policy?
  • Should I buy full coverage?
  • Where can I find high-risk insurance?
  • Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier

Coverage specifics

Learning about specific coverages of your policy helps when choosing the best coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages available from insurance companies.

Collision insurance

Collision coverage pays for damage to your Monte Carlo resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as hitting a mailbox, sideswiping another vehicle, hitting a parking meter and damaging your car on a curb. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Liability insurance

This will cover damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as emergency aid, legal defense fees and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills like X-ray expenses, pain medications and ambulance fees. They are used to fill the gap from your health insurance program or if you lack health insurance entirely. They cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

Comprehensive auto coverage

Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as hail damage, fire damage and theft. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Have the Midas touch

As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. There are many occasions where someone dropped physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage at an affordable rate.

Throughout this article, we presented a lot of tips how to reduce 2003 Chevy Monte Carlo insurance prices online. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers could even find that the best price on insurance is with some of the smallest insurance companies. These smaller insurers may have significantly lower rates on certain market segments than their larger competitors like Progressive or Geico.

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