Save on 2000 Chevrolet Lumina Car Insurance Cost

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.

More discounts equal less premium

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.

  • Discount for Life Insurance – Companies who offer life insurance give a break if you buy a life insurance policy as well.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Federal Government Employee – Simply working for the federal government can save as much as 8% on Lumina coverage with certain companies.
  • Seat Belt Usage – Requiring all passengers to use their safety belts can save 10% or more off the personal injury premium cost.
  • Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • No Accidents – Drivers with accident-free driving histories can earn big discounts when compared to accident-prone drivers.
  • Multiple Cars – Insuring all your vehicles on one policy qualifies for this discount.
  • Sign Online – A few companies will give a small break simply for signing on their website.
  • Homeowners Pay Less – Being a homeowner may trigger a insurance coverage policy discount due to the fact that maintaining a home shows financial diligence.
  • One Accident Forgiven – A handful of insurance companies permit an accident without raising rates so long as you haven’t had any claims for a certain period of time.

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.

Compare Quotes for Insurance Coverage

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.

  • One of the simplest ways to get quotes is an all-inclusive rate comparison click to view form in new window. This type of form eliminates the need for separate forms for each company you want a rate for. One form will return quotes direct from many companies.
  • A harder way to obtain and compare quotes online consists of visiting the website for each individual company to request a price quote. For sake of this example, let’s assume you want comparison quotes from Auto-Owners, State Farm and American Family. You would have to visit each site to enter your coverage information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  • The least recommended way of comparing rate quotes is to waste gas driving to different agent offices. Buying insurance online has reduced the need for local agents unless you want the trained guidance of a local agent. You can, however, comparison shop online but still have the advice of a local agent and we’ll talk about that later.

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.

These factors can influence what you pay for Chevy Lumina insurance

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.

  • Do you know your deductibles? – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your Chevy. A few examples of covered claims are collision with another vehicle, collision with an animal, and windstorm damage. Physical damage deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. The higher the amount you have to pay, the lower your rates will be on Lumina coverage.
  • Bundling policies can get discounts – The majority of insurance coverage companies will give a discount to customers who carry more than one policy such as combining an auto and homeowners policy. This can amount to ten or even up to twenty percent in some cases. If you currently are using one company, it’s in your best interest to comparison shop to ensure the best deal. Consumers may find a better deal by buying insurance coverage from a different company.
  • How credit affects insurance coverage rates – Having a bad credit score is a large factor in your rate calculation. People with high credit ratings tend to be more responsible as compared to drivers with lower credit scores. Therefore, if your credit rating is low, you could potentially save money when insuring your 2000 Chevrolet Lumina by improving your rating.
  • A clean driving record saves money – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one speeding ticket can increase rates by as much as thirty percent. Good drivers receive lower rates than bad drivers. Drivers with serious tickets such as DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with their state DMV in order to continue driving.

It’s not one size fits all

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.

  • Where can I find high-risk insurance?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • How does medical payments coverage work?
  • Does my insurance cover my expensive audio equipment?
  • How can I get high-risk coverage after a DUI?
  • What if I owe more than I can insure my car for?
  • Is my cargo covered for damage or theft?
  • Should I carry comprehensive and collision coverage?
  • What is no-fault insurance?

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.

Car insurance myths debunked

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.

Coverages available on your insurance policy

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/Underinsured Motorist (UM/UIM)

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.

Collision coverage

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 Personal Injury Protection (PIP)

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.

Comprehensive insurance

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.

Spend less. Save more.

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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