2001 Chevrolet Lumina Insurance Cost – 6 Discounts for Best Prices

Want better insurance rates for your Chevrolet Lumina? Finding the cheapest insurance on the web is rather challenging for consumers not familiar with buying insurance on the web. With so many choices of online companies available, how can drivers effectively compare them all to find the lowest rates?

Get lower rates on Chevy Lumina insurance

Car insurance is not cheap, but there could be available discounts to help offset the cost. Larger premium reductions will be automatically applied when you complete an application, but less common discounts must be manually applied before being credited.

  • Sign Early and Save – A few companies offer discounts for switching policies prior to your current policy expiration. It can save you around 10%.
  • Student in College – Kids in college living away from home attending college and do not have a car may be able to be covered for less.
  • E-sign – A few companies will give a small break just for signing your application online.
  • Pay Now and Pay Less – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
  • Seat Belts Save – Requiring all passengers to wear their seat belts can save 10% or more off your medical payments premium.
  • Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.

Drivers should understand that most of the big mark downs will not be given to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky. Any qualifying discounts will bring down your overall premium however.

To see a list of insurance companies with discount auto insurance rates, click this link.

Auto Insurance Comparisons

There are several ways to compare Chevy Lumina auto insurance prices but there is one way that is less time-consuming than others. You can spend your afternoon talking to local insurance agents in your area, or you could save time and use online quotes to get the quickest rates.

Many of the larger companies participate in a marketplace where insurance shoppers enter their policy data once, and each company can give them a price determined by their information. This eliminates the need for quote forms to each individual auto insurance company. To use this form to compare 2001 Chevy Lumina insurance rates click here to start a free quote.

One minor caviat to using this type of form is that consumers can’t choose which companies you want to price. If you prefer to choose individual companies to compare, we have assembled a list of low cost auto insurance companies in your area. Click to view list.

Which method you use is up to you, but make sure you use identical coverage limits and deductibles on every quote. If the quotes have different liability limits it will be very difficult to truly determine the lowest rate. Having just a slight variation in limits may result in large price differences. And when price shopping your coverage, obtaining a wide range of quotes provides better odds of finding better pricing.

Tailor your coverage to you

When it comes to choosing coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s.

For instance, these questions might help in determining whether your personal situation might need an agent’s assistance.

  • How high should my medical payments coverage be?
  • If my 2001 Chevy Lumina is totaled, can I afford another vehicle?
  • Is other people’s property covered if stolen from my vehicle?
  • What can I do if my company denied a claim?
  • Which is better, split liability limits or combined limits?
  • Should I sign the liability waiver when renting a car?
  • Are my friends covered when driving my 2001 Chevy Lumina?
  • Can my babysitter drive my car?
  • What if I owe more than I can insure my car for?

If you don’t know the answers to these questions, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form.

Insurance coverage breakdown

Learning about specific coverages of a insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as ambulance fees, hospital visits, chiropractic care and doctor visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage – This provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Frequently these limits are identical to your policy’s liability coverage.

Collision coverages – Collision insurance covers damage to your Lumina resulting from a collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as damaging your car on a curb, crashing into a ditch and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive protection – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like damage from a tornado or hurricane, damage from flooding, hail damage and hitting a deer. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability auto insurance – This will cover damage or injury you incur to other’s property or people in an accident. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like bail bonds, emergency aid, repair bills for other people’s vehicles, pain and suffering and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

What is YOUR best insurance company?

In this article, we covered some good ideas how you can shop for 2001 Chevy Lumina insurance online. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. Drivers may discover the biggest savings come from a small local company.

Low-cost insurance is possible both online and also from your neighborhood agents, so compare prices from both in order to have the best chance of saving money. Some insurance companies may not provide online quoting and usually these small, regional companies provide coverage only through local independent agents.

Consumers change insurance companies for a variety of reasons including being labeled a high risk driver, policy non-renewal, delays in paying claims and high rates after DUI convictions. Whatever your reason, choosing a new insurance company is not as difficult as it may seem.

More detailed insurance coverage information can be found in these articles: