How Much Does 1992 Chevrolet Lumina Insurance Cost?

Want cheaper insurance rates for your Chevrolet Lumina? I can’t think of a single person who looks forward to buying insurance, in particular when they are paying too much. Lots of car insurance companies contend for your hard-earned dollar, so it can be very hard to choose a provider to get the lowest cost out there.

If you have insurance now or are looking for a new policy, you can learn to find better prices and possibly find even better coverage. Choosing the best insurance company for you is not that difficult. Consumers just need to learn how to shop for insurance over the internet.

How to Lower Your Car Insurance Cost

Shopping for lower car insurance rates is a ton of work if you don’t understand the most efficient way to do it. You could spend the better part of a day talking to agents in your area, or you can stay home and use online quoting to get rates in a matter of minutes.

Many of the larger companies belong to an insurance system where insurance shoppers complete one form, and at least one company provides a quote determined by their information. This eliminates the need for quote requests for each company you want a rate for.

To enter your information into the quoting system, click here to start a free quote.

The single downside to getting quotes like this is buyers cannot specifically choose which carriers you will receive quotes from. If you prefer to choose individual companies to compare prices, we have a page of companies who write car insurance in your area. Click to view list.

However you get your quotes, be sure to compare exactly the same coverages with each company. If each company quotes higher or lower deductibles then you won’t be able to make an equal comparison.

Tailor your coverage to you

When buying proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. For example, these questions could help you determine whether your personal situation will benefit from professional help.

  • If my 1992 Chevy Lumina is totaled, can I afford another vehicle?
  • Do I need rental car coverage?
  • Should I waive the damage coverage when renting a car?
  • How many claims can I have before being cancelled?
  • Does my policy cover my teen driver if they drive my company car?
  • Can I make deliveries for my home business?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Car insurance coverages explained

Understanding the coverages of a car insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages available from car insurance companies.

Liability insurance – Liability coverage protects you from damages or injuries you inflict on other’s property or people in an accident. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical expenses, emergency aid and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as X-ray expenses, funeral costs and pain medications. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverage – This covers damage to your Lumina resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like driving through your garage door, scraping a guard rail, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Comprehensive insurance – This coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as a tree branch falling on your vehicle, falling objects, a broken windshield and damage from flooding. The most your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Lumina.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.