2000 Chevrolet Monte Carlo Insurance Rates

Trying to find lower insurance coverage rates for your Chevrolet Monte Carlo? Feel like you’re a prisoner to high-priced insurance coverage? Trust us when we tell you you’re not the only one. Big-name insurance companies like State Farm, GEICO and Farmers Insurance constantly bombard you with catchy ads and it can be hard to ignore the flashy ads and effectively compare rates to find the best deal.

It is always a good idea to take a look at other company’s rates on a regular basis because insurance rates change quite often. Even if you got the lowest rates on Monte Carlo coverage six months ago there may be better deals available now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to how to quote online to find the best coverage while lowering your premiums.

How to Get Insurance Coverage Comparison Quotes

Reducing your 2000 Chevy Monte Carlo insurance rates can be relatively painless. Drivers just need to take a few minutes comparing price quotes from different insurance companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

The recommended way to get quotes is an all-inclusive rate comparison click to view form in new window. This type of form keeps you from doing separate forms to each individual insurance coverage company. A single, simple form gets you coverage quotes from multiple companies.

A more time consuming way to get comparison quotes is to take the time to go to the website for every company you want to comare and complete a new quote form. For instance, we’ll pretend you want comparison quotes from Allstate, State Farm and GMAC. To get rate quotes you would need to go to every website and enter your information, which is why the first method is more popular. To view a list of companies in your area, click here.

The least efficient way of comparing rate quotes is to spend your day driving to and from local insurance agencies. Shopping for insurance coverage online eliminates the need for an insurance agent unless you want the professional guidance of a licensed agent. However, consumers can comparison shop online but buy from a local insurance agent. We’ll cover that shortly.

However you get your quotes, make darn sure you compare the exact same coverage limits on every quote you get. If the quotes have different values for each quote you can’t possibly determine the lowest rate for your Chevy Monte Carlo.

Save money by taking advantage of these discounts

Insurance can cost an arm and a leg, but companies offer discounts that you may not know about. Some trigger automatically at the time of purchase, but a few must be specifically requested prior to getting the savings. If they aren’t giving you every credit you qualify for, you are throwing money away.

  • Multiple Vehicles – Having multiple vehicles on the same insurance coverage policy could earn a price break for each car.
  • Homeowners Pay Less – Owning a home can help you save on insurance coverage because of the fact that having a home demonstrates responsibility.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts can save up to 15% off your PIP or medical payments premium.
  • Low Mileage – Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
  • No Accidents – Claim-free drivers can earn big discounts as compared to frequent claim filers.

It’s important to note that most discount credits are not given to the entire policy premium. Most only cut individual premiums such as liability and collision coverage. So when it seems like you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will help reduce the cost of coverage.

Companies that may offer these money-saving discounts include:

It’s a good idea to ask every prospective company which discounts you may be entitled to. All car insurance discounts may not be available in your area.

Your Chevy Monte Carlo insurance rate is a complex equation

An important part of buying insurance is that you know some of the elements that play a part in calculating the rates you pay for insurance coverage. Understanding what influences your rates empowers consumers to make smart changes that could result in much lower annual insurance costs.

Shown below are a partial list of the pieces used by your company to calculate premiums.

  • A lapse in coverage is a bad thing – Not having insurance is a misdemeanor and you will pay a penalty because you let your coverage have a gap. And not only will your rates increase, but not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license.You may have to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Your credit rating is important – Having a bad credit score is a important factor in determining your rates. People with high credit ratings tend to be more responsible than drivers who have lower credit ratings. If your credit is low, you could potentially save money when insuring your 2000 Chevrolet Monte Carlo by improving your credit score.
  • Liability insurance protects assets – Your policy’s liability coverage provides coverage in the event that you are found to be at fault for causing damage or personal injury in an accident. Liability provides legal defense up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so do not skimp.
  • Policy add-ons can waste money – There are a lot of add-on coverages that you can get tricked into buying on your Monte Carlo policy. Coverages like vanishing deductibles, accidental death and motor club memberships may be wasting your money. These coverages may sound good when talking to your agent, but if you don’t need them get rid of them and save.
  • Women pay lower rates – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that men are WORSE drivers than women. Men and women cause accidents at a similar rate, but men cause more damage. Men also receive more costly citations such as DWI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.
  • Your location is important – Residing in small towns and rural areas can be a good thing when talking about insurance coverage. City drivers have to deal with much more traffic and longer commute times. Fewer people means fewer accidents and also fewer theft and vandalism claims.

When should I use an insurance agent?

When it comes to buying adequate coverage for your vehicles, there is no cookie cutter policy. Every situation is different and your policy should reflect that. These are some specific questions may help highlight whether your personal situation might need an agent’s assistance.

  • Should I bundle my homeowners policy with my auto?
  • Is motorclub coverage worth it?
  • How do I file an SR-22 for a DUI in my state?
  • What are the best liability limits?
  • Do I need special endorsements for business use of my vehicle?
  • How can I get my company to pay me more for my totalled car?
  • Do I pay less if my vehicle is kept in my garage?
  • Which is better, split liability limits or combined limits?

If you can’t answer these questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Car insurance policy coverages for a Chevy Monte Carlo

Learning about specific coverages of a car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Shown next are the usual coverages offered by car insurance companies.

Uninsured and underinsured coverage

This coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Chevy Monte Carlo.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Coverage for medical payments

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as ambulance fees, doctor visits and surgery. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

This protects you from damages or injuries you inflict on people or other property in an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as loss of income, legal defense fees, repair bills for other people’s vehicles, bail bonds and attorney fees. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.

Coverage for collisions

This will pay to fix damage to your Monte Carlo resulting from colliding 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 coverage protects against claims such as hitting a mailbox, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as theft, fire damage, a broken windshield, falling objects and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Make a quick buck

Budget-conscious 2000 Chevy Monte Carlo insurance is available on the web as well as from independent agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies don’t offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.

We just covered many tips how you can lower your insurance rates. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. You may even find the lowest rates come from an unexpected company. These companies can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or GEICO.

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