How Much Does 1994 Chevrolet Lumina Minivan Insurance Cost?

Feel like you’re a prisoner to an overpriced insurance policy? Believe me when I say many consumers feel financially strained by their insurance policy.

Many auto insurance companies vie for your business, so it can be very hard to choose a insurer to get the lowest cost out there.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Buying car insurance is not rocket science. Nevertheless, consumers must comprehend how companies price online insurance and apply this information to your search.

Pay less by taking advantage of discounts

Companies don’t always publicize all their discounts very clearly, so the following is a list of both the well known and the harder-to-find discounts you could be receiving.

  • Defensive Driver – Successfully completing a driver safety course can save you 5% or more depending on where you live.
  • Student Driver Training – Cut your cost by having your teen driver take driver’s ed class in high school.
  • Accident Forgiveness – A handful of insurance companies will forgive one accident before raising your premiums if you are claim-free prior to the accident.
  • Senior Citizens – If you’re over the age of 55, you can possibly qualify for reduced rates for Lumina Minivan coverage.
  • Seat Belts Save – Drivers who require all occupants to wear their seat belts can save 10% or more off your PIP or medical payments premium.
  • Passive Restraint Discount – Factory air bags and/or automatic seat belt systems can get savings of more than 20%.
  • Payment Discounts – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.

Consumers should know that most of the big mark downs will not be given to the entire policy premium. Some only apply to individual premiums such as comp or med pay. Just because it seems like you can get free auto insurance, companies don’t profit that way.

To see a list of insurers with discount auto insurance rates, click here to view.

Insurance Coverage Prices Online

Effectively comparing insurance coverage prices can be challenging if you don’t know the most efficient way to do it. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you could use online quotes to get pricing more quickly.

Most of the best insurance companies belong to an insurance system where insurance shoppers send in one quote, and each company provides a quote based on the submitted data. This saves time by eliminating quote requests for each company.

To compare pricing click here to start a free quote.

The only downside to doing it this way is buyers cannot specifically choose the insurers to get quotes from. So if you prefer to choose specific providers for rate comparison, we put together a list of companies who write insurance coverage in your area. Click here for list of insurance companies.

Whichever way you use, make absolute certain that you use apples-to-apples coverages and limits on every quote you get. If each company quotes mixed coverages it will be very difficult to find the best deal for your Chevy Lumina Minivan. Just a small difference in coverage limits may result in large price differences. And when comparison shopping, obtaining a wide range of quotes helps you find a better price.

Why your Chevy Lumina Minivan insurance rates may be high

An important part of buying insurance is that you know some of the elements that help determine insurance rates. When you know what positively or negatively determines base rates helps enable you to make changes that may reward you with better insurance rates.

  • Clean credit earns discounts – A driver’s credit score is a large factor in determining your rates. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers who have lower credit scores. If your credit history is low, you could save money insuring your 1994 Chevrolet Lumina Minivan by improving your rating.
  • Liability coverage is peace of mind – Your policy’s liability coverage is the coverage that protects you if a jury decides you are liable for personal injury or accident damage. Liability provides legal defense starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Extra add-on coverages are wasting money – There are a ton of extra coverages that you can get tricked into buying on your Lumina Minivan policy. Insurance for rental car reimbursement, accidental death and membership fees are examples of these. They may seem good when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Lower rates with optional equipment – Owning a car with anti-theft technology or alarm system can get you a discount on your insurance. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft.
  • Careful drivers pay lower rates – Your driving citation history impacts your car insurance rates tremendously. Just one speeding ticket may increase your cost by twenty percent. Drivers with clean records tend to pay less for car insurance than their less careful counterparts. Drivers who have dangerous citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state DMV in order to prevent a license revocation.

Your coverage should be tailored to you

When choosing adequate coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that might help in determining whether your personal situation might need an agent’s assistance.

  • Is there coverage for injuries to my pets?
  • Should I carry comprehensive and collision coverage?
  • I have health insurance so do I need medical payments coverage?
  • What is no-fault insurance?
  • Is other people’s property covered if stolen from my vehicle?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What if I total my 1994 Chevy Lumina Minivan and owe more than it’s worth?
  • Does coverage extend to Mexico or Canada?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Car insurance policy specifics

Learning about specific coverages of a car insurance policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are the usual coverages found on the average car insurance policy.

Comprehensive (Other than Collision)

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as theft, fire damage, vandalism and a broken windshield. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto liability

Liability insurance can cover damage or injury you incur to people or other property that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for claims like repair bills for other people’s vehicles, bail bonds, funeral expenses, attorney fees and court costs. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Coverage for collisions

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

Collision coverage pays for things such as colliding with another moving vehicle, backing into a parked car, hitting a mailbox and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

This gives you protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Chevy Lumina Minivan.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.

Medical expense insurance

Med pay and PIP coverage provide coverage for immediate expenses for funeral costs, rehabilitation expenses, nursing services and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Affordable insurance is out there

As you restructure your insurance plan, it’s a bad idea to sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability limits or collision coverage and discovered at claim time that they should have had better coverage. The aim is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

We just showed you quite a bit of information on how to lower your 1994 Chevy Lumina Minivan insurance rates. The most important thing to understand is the more providers you compare, the higher your chance of finding lower rates. You may even find the biggest savings come from some of the smallest insurance companies. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive or GEICO.

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