Having to pay for overpriced auto insurance can drain your bank account and put a big crunch on your finances. Comparison shopping is free and is an excellent way to make sure you’re not throwing money away.
Since consumers have many choices of insurance companies, it can be hard to locate the lowest cost provider.
It’s important to compare prices occasionally because insurance rates are variable and change quite frequently. If you had the lowest rates for Cavalier insurance last year you may be paying too much now. Ignore everything you know about auto insurance because we’re going to demonstrate the tricks you need to know to reduce your cost while improving coverage.
The most recommended method to compare insurance rates from multiple companies is to realize almost all companies will pay a fee to give rate comparisons. The only thing you need to do is provide details like any included safety features, driver details, if the car is leased, and if you have an active license. That rating information is submitted instantly to many highly-rated insurers and you receive quotes within a short period of time.
The cost of insuring your cars can be expensive, but you may find discounts to reduce the price significantly. Certain discounts will be applied when you purchase, but less common discounts must be requested specifically before being credited.
Drivers should understand that most credits do not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability and collision coverage. So when the math indicates you could get a free insurance policy, it doesn’t quite work that way. But all discounts will cut your overall premium however.
Companies that possibly offer these benefits may include but are not limited to:
Check with all companies you are considering which discounts you may be entitled to. Discounts might not be offered everywhere.
When it comes to buying the right insurance coverage, there is no one size fits all plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether or not you could use an agent’s help.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.
Knowing the specifics of your insurance policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages found on most insurance policies.
Liability coverage protects you from injuries or damage you cause to other’s property or people. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability insurance covers claims such as medical services, court costs, structural damage, emergency aid and legal defense fees. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Cavalier.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually these coverages are set the same as your liablity limits.
This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like a broken windshield, fire damage, hail damage, vandalism and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Med pay and PIP coverage provide coverage for short-term medical expenses for EMT expenses, prosthetic devices and pain medications. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay
Collision coverage pays for damage to your Cavalier from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as rolling your car, colliding with another moving vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.
Cheaper 2002 Chevy Cavalier insurance can be sourced on the web in addition to many insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who do not provide online price quotes and these small insurance companies work with independent agents.
We covered many ways to get a better price on insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. You may even find the best prices are with some of the smallest insurance companies. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like GEICO and State Farm.
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