How Much Does 2005 Chevrolet Venture Insurance Cost?

Having to pay for overpriced insurance can empty your bank account and force you to make sacrifices. Comparison shopping is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.

With so many options when it comes to insurance, it can be challenging to choose the cheapest car insurance company.

It’s smart to get comparison quotes every six months since insurance rates fluctuate regularly. Despite the fact that you may have had the best rates for Venture coverage a couple years back there may be better deals available now. Forget anything you know (or think you know) about insurance because you’re about to find out the proper way to find great coverage at a great price.

This article will help educate you on how to get online quotes and some money-saving tips. If you have car insurance now, you will most likely be able to save some money using these methods. Although car owners can benefit from knowing how companies sell insurance online and use this information to your advantage.

Insurance Coverage Prices Online

There are a variety of methods to compare 2005 Chevy Venture insurance coverage prices and some are less labor-intensive and much quicker. You could spend your day talking about coverages with agents in your area, or you could save time and use the web to get rates in a matter of minutes.

Many companies belong to a marketplace that allows shoppers to send in one quote, and every company returns a competitive quote for coverage. This system prevents you from having to do quote requests for each company.

To enter your information into the quoting system, click to open in new window.

The one disadvantage to using this type of system is buyers cannot specifically choose which providers to receive prices from. So if you want to select individual companies to receive pricing from, we have a page of companies who write insurance coverage in your area. View list of insurance companies.

Whichever method you choose, make absolute certain that you use the exact same coverages for every quote you compare. If you compare unequal deductibles or liability limits it’s not possible to make a fair comparison for your Chevy Venture. Slightly different coverages can make a big difference in price. And when comparison shopping, getting more free quotes will increase your chances of finding a lower rate.

Drivers who switch save $438 a year? Really?

Insurance providers like GEICO, State Farm and Progressive regularly use ads on TV and radio. They all make an identical promise that you’ll save big if you move to their company. How do they all claim to save you money?

Insurance companies can use profiling for the type of customer that is profitable for them. A good example of a profitable customer might be a mature driver, insures multiple vehicles, and has great credit. A customer who meets those qualifications gets the lowest rates and most likely will save when they switch companies.

Potential insureds who fall outside the “perfect” profile will be charged higher premiums and ends up with business going elsewhere. Company advertisements say “customers that switch” not “people who quote” save that kind of money. That’s why companies can advertise the savings.

That is why it’s extremely important to compare many company’s rates. You cannot predict the company that will give you the biggest savings on Chevy Venture insurance.

Chevy Venture insurance rates consist of many parts

It’s important that you understand the different types of things that help determine your insurance rates. Understanding what controls the rates you pay helps enable you to make changes that can help you get much lower annual insurance costs.

The following are a few of the “ingredients” that factor into your rates.

  • Younger drivers pay higher rates – Older drivers are more responsible, tend to file fewer claims and are safer drivers. Teen drivers tend to be more careless behind the wheel and because of this, their insurance rates are much higher.
  • Consolidate policies to earn discounts – Most companies provide better rates to people who buy several policies from them, otherwise known as a multi-policy discount. Even if you’re getting this discount you still need to compare other company rates to confirm you are receiving the best rates possible.
  • Don’t get talked into coverage you don’t need – There are a ton of add-on coverages that you can buy on your Venture policy. Coverages for rental car reimbursement, towing coverage and additional equipment coverage may be wasting your money. They may seem like a good idea at first, but now you might not need them so eliminate them to save money.
  • Your location affects your rates – Residing in less populated areas is a positive aspect when buying insurance. City drivers have more traffic problems and a longer drive to work. Less people living in that area means reduced accidents and a lower car theft rate.
  • Drive a safer car and pay less – Safer cars get lower rates. Safe vehicles reduce injuries and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If the Chevy Venture is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.

Discounts are great for lower rates

Car insurance is not cheap, but you can get discounts that you may not even be aware of. Some trigger automatically when you complete an application, but less common discounts must be manually applied before being credited.

  • Anti-theft System – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Good Student Discount – This discount can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
  • Organization Discounts – Affiliation with a qualifying organization could trigger savings on your policy for Venture coverage.
  • Defensive Driving Course – Successfully completing a driver safety course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • E-sign – Certain companies will give a small break simply for signing over the internet.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Chevy can qualify you for a substantially lower rate.
  • Safe Drivers – Drivers who avoid accidents can pay as much as 50% less for Venture coverage than their less cautious counterparts.

It’s important to note that most discount credits are not given to the entire policy premium. Most only reduce the cost of specific coverages such as medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, you’re out of luck. Any qualifying discounts will help reduce the amount you have to pay.

Insurance companies that may have these money-saving discounts may include but are not limited to:

It’s a good idea to ask each insurance company which discounts you may be entitled to. All car insurance discounts may not apply in every state.

You may need specialized coverage

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions may help highlight if your situation would benefit from an agent’s advice.

  • Should I put collision coverage on all my vehicles?
  • Which is better, split liability limits or combined limits?
  • When should my teen driver be added to my policy?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my 2005 Chevy Venture covered for smoke damage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Are my tools covered if they get stolen from my vehicle?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Car insurance coverage information

Understanding the coverages of your insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.

Auto liability insurance – This coverage will cover injuries or damage you cause to other’s property or people by causing an accident. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as emergency aid, pain and suffering, funeral expenses and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Collision coverage – This covers damage to your Venture resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as colliding with a tree, hitting a mailbox, rolling your car, crashing into a ditch and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive auto coverage – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hail damage, damage from a tornado or hurricane, hitting a deer, falling objects and damage from getting keyed. The highest amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Chevy Venture.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Most of the time these limits are similar to your liability insurance amounts.

Medical payments and PIP coverage – Med pay and PIP coverage kick in for immediate expenses for things like EMT expenses, pain medications and doctor visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

A penny earned…

In this article, we covered many ideas to get a better price on 2005 Chevy Venture insurance. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest priced insurance comes from a smaller regional carrier. Smaller companies may only write in your state and offer lower rates as compared to the big name companies such as GEICO and State Farm.

As you prepare to switch companies, do not buy poor coverage just to save money. In many instances, an insured dropped liability limits or collision coverage only to regret at claim time they didn’t have enough coverage. The ultimate goal is to get the best coverage possible at the best price while not skimping on critical coverages.

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