Save on 1998 Chevrolet Lumina Insurance Rates

Searching for better auto insurance rates for your Chevrolet Lumina? Paying for high-priced Chevrolet Lumina insurance can overdraw your bank account, especially in this economy. Comparison shopping is free, only takes a few minutes, and is a good way to help make ends meet.

Since consumers have many options, it is very difficult to find the right car insurance company.

You should make it a habit to take a look at other company’s rates on a regular basis because prices change quite often. Even if you got the lowest price on Lumina coverage a few years ago a different company probably has better rates today. You’ll find quite a bit of inaccurate information about auto insurance on the web, but I’m going to show you some solid techniques on how to reduce your auto insurance bill.

Finding affordable coverage is easy if you know what you’re doing. In a nutshell, anyone who has to buy auto insurance most likely will be able to find better rates. But car owners need to learn the methods companies use to sell insurance online and take advantage of how the system works.

How much can you save with discounts?

Companies offering auto insurance don’t list all their discounts in an easy-to-find place, so here is a list both well-publicized and also the lesser-known ways to save on car insurance.

  • Theft Prevention Discount – Vehicles with anti-theft systems are stolen less frequently and will save you 10% or more.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you may earn at least 10% off all policies.
  • Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
  • Pay Upfront and Save – By paying your policy upfront instead of making monthly payments you could save up to 5%.
  • Discount for Life Insurance – Select insurance companies reward you with better rates if you take out a life insurance policy as well.

It’s important to note that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce specific coverage prices like liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, you won’t be that lucky.

Companies that may have these discounts may include but are not limited to:

Double check with each company which discounts you may be entitled to. Discounts may not be available everywhere.

How much car insurance do I need?

When buying the best insurance coverage coverage, there really is no “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. Here are some questions about coverages that might help in determining whether your personal situation would benefit from an agent’s advice.

  • Does my medical payments coverage pay my health insurance deductible?
  • Can my teen drive my company car?
  • Do I pay less for low miles?
  • Is my 1998 Chevy Lumina covered for flood damage?
  • Is rental equipment covered for theft or damage?
  • Why do I need rental car insurance?
  • Does medical payments coverage apply to all occupants?
  • Where can I find DUI or SR-22 insurance?
  • How much liability do I need to cover my assets?

If you don’t know the answers to these questions but you know they apply to you 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.

Beware of misleading car insurance ads

Companies like Allstate, Geico and Progressive consistently run ads on TV and radio. All the ads have a common claim that you’ll save big if you change your coverage to them. How does each company make almost identical claims?

All companies have a preferred profile for the driver they prefer to insure. For example, a profitable customer might be profiled as between the ages of 30 and 50, insures multiple vehicles, and drives less than 7,500 miles a year. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and therefore will save when switching.

Potential insureds who fall outside these standards will be quoted higher prices which usually ends up with the customer not buying. The ad wording is “customers who switch” not “people who quote” save that much. That’s why companies can advertise the savings. This emphasizes why you absolutely need to compare many company’s rates. It’s just too difficult to predict which insurance companies will have the lowest Chevy Lumina insurance rates.

Insurance coverage basics

Understanding the coverages of a insurance policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. These are the normal coverages found on the average insurance policy.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive or Other Than Collision

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, falling objects, theft and a broken windshield. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision insurance

Collision coverage covers damage to your Lumina caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a building, backing into a parked car, hitting a mailbox and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Medical costs insurance

Coverage for medical payments and/or PIP pay for bills for prosthetic devices, chiropractic care, EMT expenses, dental work and X-ray expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Auto liability insurance

Liability coverage provides protection from damages or injuries you inflict on other people or property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things such as attorney fees, structural damage and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

The bottom line

Affordable 1998 Chevy Lumina insurance can be purchased online and with local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance providers do not offer online quoting and many times these small insurance companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, it’s a bad idea to reduce needed coverages to save money. There have been many cases where an insured dropped uninsured motorist or liability limits to discover at claim time that the small savings ended up costing them much more. Your goal should be to buy enough coverage at a price you can afford, not the least amount of coverage.

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