Lower Your 2005 Chevrolet Classic Insurance Rates

I can’t think of a single person who likes paying for auto insurance, especially when they are paying too much. Because there are so many companies and agents to choose from, it’s difficult to pick the lowest price insurance company.

Choosing the best insurance company for you is not rocket science. If you currently have car insurance, you should be able to reduce your rates substantially using these techniques. Drivers only need to know the most effective way to shop online.

Quick Auto Insurance Quotes

Getting better 2005 Chevy Classic auto insurance pricing doesn’t have to be difficult. Consumers just need to spend a few minutes on the computer comparing price quotes from different insurance companies. This can be done in just a few minutes using one of these methods.

One of the best ways to get quotes for comparison is a comparison rater form click here to open form in new window. This method saves time by eliminating separate quotation requests for each company you want a rate for. Filling out one form will get you price quotes from all major companies.
A more time consuming way to compare prices consists of going to the website of each company to request a price quote. For examples sake, we’ll assume you want rates from Progressive, Liberty Mutual and Allstate. To find out each rate you need to take the time to go to each site and enter your policy data, which is why most consumers use the first method.
For a handy list of car insurance company links in your area, click here.
The least efficient method to get comparison rates is to drive around to insurance agents’ offices. The ability to buy insurance online has reduced the need for local agents unless you have a need for the professional guidance of a local agent. However, consumers can get the lowest quotes online but buy from a local insurance agent and you’ll learn how to do that later.

Which method you use is up to you, but double check that you are using identical quote information on every quote you get. If your comparisons have mixed coverages then you won’t be able to decipher which rate is best.

Discounts mean cheaper 2005 Chevy Classic insurance rates

Companies offering auto insurance don’t list all their discounts in a way that’s easy to find, so here is a list some of the more common and the more hidden ways to save on insurance. If you aren’t receiving every discount possible, you’re paying more than you need to.

Multiple Cars – Insuring all your vehicles on the same insurance policy may reduce the rate for each vehicle.
Anti-theft Discount – Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.
Organization Discounts – Being a member of a professional or civic organization is a good way to get lower rates on your policy on Classic coverage.
Homeowners Savings – Simply owning a home can help you save on insurance because of the fact that having a home shows financial diligence.
Multiple Policy Discount – When you combine your home and auto insurance with the same insurance company you could get a discount of approximately 10% to 15%.
Service Members Pay Less – Having a deployed family member may qualify for rate reductions.
Discount for New Cars – Putting insurance coverage on a new car is cheaper due to better safety requirements for new cars.
Federal Employees – Employees or retirees of the government may qualify you for a discount on Classic coverage with certain companies.
Discount for Swiching Early – A few companies offer discounts for switching policies before your current expiration date. The savings is around 10%.

It’s important to understand that most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way.

To see a list of companies who offer insurance discounts, click here.

Tailor your coverage to you

When it comes to choosing the best insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every insured’s situation is different and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether or not you might need an agent’s assistance.

Does my insurance cover a custom paint job?
Does my liability insurance cover pulling a trailer or camper?
Will my vehicle be repaired with OEM or aftermarket parts?
When should my teen driver be added to my policy?
Is business property covered if stolen from my car?
Can I pay claims out-of-pocket if I buy high deductibles?
Do I have coverage for damage caused while driving under the influence?
Should I get collision insurance on every vehicle?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Information about specific coverages

Understanding the coverages of car insurance can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by car insurance companies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical costs insurance

Med pay and PIP coverage kick in for short-term medical expenses for nursing services, surgery, prosthetic devices and doctor visits. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as fire damage, damage from flooding and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverage

Collision insurance pays for damage to your Classic from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as hitting a parking meter, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also increase the deductible to save money on collision insurance.

Liability insurance

Liability insurance will cover injuries or damage you cause to other’s property or people. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability insurance covers claims such as medical expenses, attorney fees, legal defense fees, bail bonds and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.