Feel like you’re a prisoner to an overpriced insurance policy? Believe me, you’re not alone. Because you have many companies to choose from, it’s difficult to find the most affordable provider.
Insurance can cost an arm and a leg, buy you may qualify for discounts that can drop the cost substantially. A few discounts will automatically apply at the time you complete a quote, but a few need to be requested specifically in order for you to get them. If they aren’t giving you every credit you qualify for, you are paying more than you should be.
It’s important to note that most discount credits are not given to the overall cost of the policy. Most only apply to the cost of specific coverages such as comp or med pay. So even though it sounds like all those discounts means the company will pay you, it just doesn’t work that way. But any discount will bring down your premiums.
Companies who might offer these benefits include:
It’s a good idea to ask each insurance company which discounts you may be entitled to. Discounts might not apply everywhere.
Cutting your insurance coverage rates is not rocket science. Consumers just need to invest a little time to get quotes from different insurance companies. This can be done using a couple different methods.
It’s your choice how you get your quotes, but ensure you’re using identical coverages with each company. If you have mixed coverages you will not be able to determine the lowest rate for your Chevy Lumina.
An important part of buying insurance is that you know the different types of things that go into determining insurance coverage rates. Understanding what influences your rates helps enable you to make changes that could result in big savings.
When choosing proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different so this has to be addressed. These are some specific questions can aid in determining if your situation will benefit from professional help.
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.
Consumers constantly see and hear ads for car insurance savings by companies like Progressive, GEICO, Allstate and State Farm. All the ads say the same thing that you’ll save big if you switch to them.
But how can every company make the same claim? It’s all in the numbers.
Insurance companies are able to cherry pick for the right customer that is profitable for them. An example of a driver they prefer could possibly be over the age of 50, owns a home, and drives newer vehicles. A customer getting a price quote who matches those parameters is entitled to the best price and most likely will cut their rates substantially.
Consumers who are not a match for the “perfect” profile must pay a more expensive rate and ends up with business not being written. The ads say “customers who switch” not “everybody who quotes” save that kind of money. That is how insurance companies can advertise the way they do.
This illustrates why you need to get quotes from several different companies. You cannot predict the company that will have the lowest Chevy Lumina insurance rates.
Knowing the specifics of a insurance policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Lumina.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
This coverage will pay to fix damage to your Lumina caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as hitting a parking meter, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Med pay and PIP coverage reimburse you for immediate expenses like hospital visits, X-ray expenses, funeral costs, nursing services and ambulance fees. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Liability insurance provides protection from damages or injuries you inflict on a person or their property that is your fault. This coverage protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount without having the split limit caps.
Liability coverage protects against things such as repair bills for other people’s vehicles, funeral expenses, medical expenses and structural damage. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.
This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as fire damage, falling objects and vandalism. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
As you restructure your insurance plan, it’s very important that you do not buy less coverage just to save a little money. In many cases, consumers will sacrifice full coverage to discover at claim time they didn’t purchase enough coverage. The ultimate goal is to find the BEST coverage at the best price, not the least amount of coverage.
Throughout this article, we presented many ways to get a better price on 2000 Chevy Lumina insurance. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. Consumers may even find the best prices are with the least-expected company. They may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.
Cheaper insurance can be purchased from both online companies as well as from independent agents, and you should compare price quotes from both in order to have the best price selection to choose from. There are still a few companies who don’t offer online price quotes and many times these smaller companies only sell through independent insurance agents.
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