How Much Does 1997 Oldsmobile Cutlass Supreme Car Insurance Cost?

Nobody I know enjoys paying for car insurance, especially when the price is too high.

Many auto insurance companies compete for your business, and it can be difficult to compare rates to get the lowest rate

If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using these methods. Finding affordable coverage is not rocket science. But car owners can benefit by having an understanding of the way insurance companies price insurance differently.

Components of your Oldsmobile Cutlass Supreme insurance prices

Multiple criteria are used when you get your auto insurance bill. Some of the criteria are obvious like a motor vehicle report, but other criteria are less obvious like where you live or your commute time.

  • Raising comp and collision deductibles saves money – Deductibles for physical damage tell how much you are willing to pay in the event of a claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some coverage claims are rearending another vehicle, fire damage, and damage from wind. The more money you’re willing to pay, the lower your rates will be on Cutlass Supreme coverage.
  • You may save more by consolidating policies – Many insurance companies will give discounts to people that purchase more than one policy. It’s known as a multi-policy discount. The discount can add up to ten or even fifteen percent. Even if you’re getting this discount it’s still a good idea to shop around to ensure the best deal. You may still save more without the discount by buying from different companies
  • High credit scores equal low premiums – Having a bad credit rating is a large factor in calculating your premium rate. People with high credit ratings tend to be less risk to insure than those with lower credit ratings. If your credit history is not that good, you could pay less to insure your 1997 Oldsmobile Cutlass Supreme if you improve your credit rating.
  • Pleasure use saves money – The more you drive in a year’s time the more you’ll pay to insure your vehicle. Many insurance companies charge to insure your cars based on their usage. Cars and trucks that have low annual miles receive better premium rates compared to those used for work or business. An improperly rated Cutlass Supreme is throwing money out the window. Make sure your insurance policy is rated on the proper vehicle usage.
  • High claims frequency drives up rates – Insurance companies provide the best rates to drivers who do not file claims often. If you frequently file small claims, you can look forward to higher rates. Your insurance policy is intended for more catestrophic claims.
  • Protect yourself with liability insurance – Liability insurance kicks in if ever you are determined to be liable for personal injury or accident damage. Liability insurance provides you with a defense in court to defend your case. This coverage is relatively inexpensive compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Better insurance rates for uninterrupted coverage – Driving with no insurance can get your license suspended and you will pay a penalty because you let your insurance lapse. Not only will rates go up, failure to provide proof of insurance will get you a steep fine or even jail time. Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Men pay higher premiums – Over the last 30 years, statistics show that men are more aggressive behind the wheel. The data does not necessarily mean that men are worse drivers. They both get in auto accidents at about the same rate, but guys tend to have higher claims. In addition to higher claims, males also receive more costly citations like driving under the influence (DUI).

Take advantage of these rate-reducing discounts

Car insurance companies do not advertise all possible discounts very well, so below is a list a few of the more well known and the harder-to-find credits available to you.

  • Passive Restraints and Air Bags – Options like air bags or automatic seat belts can get savings of 20 to 30 percent.
  • Senior Citizen Rates – Older drivers are able to get a slight reduction on a insurance coverage quote on Cutlass Supreme coverage.
  • Low Mileage Discounts – Driving less could earn discounted insurancerates on garaged vehicles.
  • Accident Waiver – This one isn’t a discount, but certain companies will let one accident slide before raising your premiums with the catch being you have to be claim-free prior to the accident.
  • Multi-policy Discount – When you combine your home and auto insurance and place coverage with the same company you may earn over 10 percent off each policy depending on the company.
  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems help deter theft and that can save you a little bit as well.

Don’t be surprised that most discounts do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you can get free auto insurance, nobody gets a free ride.

A few of the larger companies and their offered discounts are detailed below.

  • Mercury Insurance may have discounts that include multi-policy, age of vehicle, anti-theft, multi-car, accident-free, low natural disaster claims, and good driver.
  • Farmers Insurance includes discounts for bundle discounts, early shopping, mature driver, homeowner, electronic funds transfer, and alternative fuel.
  • Farm Bureau may offer discounts for driver training, youthful driver, multi-vehicle, 55 and retired, renewal discount, and good student.
  • State Farm policyholders can earn discounts including good student, multiple autos, Steer Clear safe driver discount, student away at school, and Drive Safe & Save.
  • Allstate may include discounts for passive restraint, teenSMART discount, new car, auto/life discount, good student, and EZ pay plan discount.
  • GEICO has savings for air bags, anti-theft, seat belt use, military active duty, multi-vehicle, driver training, and multi-policy.

If you need lower rates, check with each insurance company what discounts are available to you. Some of the earlier mentioned discounts might not be available to policyholders everywhere.

Well known brands might not be cheapest

Respected companies like Progressive, GEICO, Allstate and State Farm regularly use ads in print and on television. All the ads seem to make the promise that you’ll save big after switching your policy. How does every car insurance company lower your prices? This is how they do it.

All companies give the best rates for the right customer that earns them the most money. A good example of a profitable customer should be between the ages of 40 and 55, has never had a claim, and has a high credit rating. Any driver that meets those criteria will get a cheap rate quote as well as save some money.

Insureds who don’t meet the requirements must pay higher prices which translates to the customer buying from someone else. If you pay close attention to the ads, they say “customers that switch” not “everybody who quotes” save that much when switching. That’s why insurance companies can confidently make those statements.

Because every company is different, it’s extremely important to compare many company’s prices. Because without a comparison, you cannot know which company will have the best premium rates for your profile.

Do I need special coverages?

When it comes to choosing proper insurance coverage, there isn’t really a one size fits all plan. Every insured’s situation is different so your insurance should reflect that For instance, these questions may help highlight whether or not you might need professional guidance.

  • Is my teen driver covered when they drive my company car?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered if I hit a deer?
  • Is my Oldsmobile Cutlass Supreme covered if I use it for business?
  • What should my uninsured motorist coverage limits be in my state?
  • How can I get high-risk coverage after a DUI?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Specifics of your car insurance policy

Understanding the coverages of a car insurance policy aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Below you’ll find typical coverages offered by car insurance companies.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually these limits are set the same as your liablity limits.

Collision coverage

Collision coverage pays for damage to your Cutlass Supreme caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for things like crashing into a building, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like doctor visits, nursing services, pain medications and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Liability

This protects you from damage that occurs to people or other property. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as loss of income, repair costs for stationary objects, attorney fees, legal defense fees and pain and suffering. How much coverage you buy is your choice, but consider buying as much as you can afford.

Comprehensive coverages

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like damage from getting keyed, hitting a bird, fire damage, hitting a deer and a broken windshield. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Make a quick buck

While you’re price shopping online, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where drivers have reduced liability limits or collision coverage only to regret at claim time they didn’t purchase enough coverage. Your aim should be to get the best coverage possible at the best price while not skimping on critical coverages.

We just covered a lot of ways to save on 1997 Oldsmobile Cutlass Supreme insurance. It’s most important to understand that the more companies you get auto insurance rates for, the more likely it is that you will get a better rate. Consumers may even find the best price on car insurance is with an unexpected company. They can often insure niche markets at a lower cost compared to the large companies like Progressive and GEICO.

To read more, feel free to browse the following helpful articles: