1998 Chevrolet Lumina Insurance Cost

Looking for the cheapest auto insurance rates for your Chevrolet Lumina? Are you burned out from paying out the nose to buy auto insurance? Your situation is no different than many other people.

Big companies like Allstate, Progressive and GEICO constantly blast consumers with catchy ads and it is difficult to see through the deception and find the best price available.

If you have car insurance now, you will be able to reduce your rates substantially using this information. Finding affordable coverage is not rocket science. But consumers must learn how insurance companies market on the web and take advantage of how the system works.

Cheaper insurance quotes with discounts

Car insurance can cost a lot, but you may be missing some discounts to cut the cost considerably. Some discounts apply automatically at the time of purchase, but a few must be asked for before being credited.

  • No Charge for an Accident – This one is not really a discount per se, but companies like Allstate and GEICO will allow you to have one accident before your rates go up so long as you haven’t had any claims for a particular time prior to the accident.
  • E-sign – A few insurance companies will provide an incentive just for signing your application on the internet.
  • Multi-car Discount – Buying coverage for more than one vehicle on the same insurance policy can get a discount on all vehicles.
  • Early Signing – Some companies provide a discount for switching to them early. You can save around 10% with this discount.
  • ABS Braking Discount – Cars, trucks, and SUVs that have anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.
  • Telematics Devices – Drivers who elect to allow companies to track driving habits by using a small device installed in their vehicle like Allstate’s Drivewise could save a few bucks if they are good drivers.

Consumers should know that most discounts do not apply to the entire cost. Most only apply to individual premiums such as comp or med pay. So even though you would think you can get free auto insurance, insurance companies wouldn’t stay in business. But any discount will reduce the amount you pay for coverage.

To locate providers that offer the discounts shown above, click here to view.

Free insurance quotes

The are a couple different ways to compare rate quotes from different insurance companies. The best way to do a complete rate comparison is to get quotes online. This can be accomplished in a couple of different ways.

  1. The most efficient way to get quotes would be an industry-wide quote request form like this one (opens in new window). This style of form eliminates the need for separate quotes to each individual insurance company. Taking the time to complete one form gets you coverage quotes from insurance companies with the best prices.
  2. A more time consuming way to compare rate quotes consists of going to the website for every company you want to comare and get a separate price quote. For instance, let’s assume you want comparison quotes from Liberty Mutual, Safeco and Allstate. In order to get each rate, you would have to visit each site to input your insurance information, and that explains why we recommend the first method. For a handy list of car insurance company links in your area, click here.

Whichever way you choose to compare rates, make darn sure you compare nearly identical information on every quote you get. If you compare different liability limits it will be nearly impossible to determine the lowest rate for your Chevy Lumina. Even a minor difference in insurance coverages could mean much higher rates. And when price shopping your coverage, having more price comparisons will enable you to find a lower rate. Some regional insurers cannot provide quotes online, so you also need to get quotes from them, too.

Why your insurance rates might be higher

Multiple criteria are used when pricing auto insurance. Most are fairly basic such as traffic violations, but others are more obscure such as your credit history and annual miles driven.

  • Do you know you’re credit history? – An insured’s credit score will be a significant factor in your rate calculation. People with excellent credit tend to be better drivers and file fewer claims than drivers with bad credit. So if your credit score can be improved, you could save money insuring your 1998 Chevrolet Lumina by repairing your credit.
  • Lower premiums for cars with good safety ratings – Cars with five star safety ratings can get you lower premiums. Safer cars reduce the chance of injuries and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates. If your Chevy Lumina has at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
  • Liability protection – A critical coverage on your policy, liability insurance provides coverage if ever a jury decides you are liable for physical damage or personal injury to other. Liability provides you with a defense in court to defend your case. Liability insurance is quite affordable compared to comp and collision, so drivers should carry high limits.
  • Youthful drivers cost more – Young drivers are statistically proven to be easily distracted when driving and because of this, their auto insurance rates are much higher. More mature drivers are more cautious drivers, cost insurance companies less in claims , and usually have better credit.
  • File a claims and pay more – Companies provide the best rates to people who file claims infrequently. If you frequently file small claims, you can definitely plan on either policy cancellation or increased premiums. Your car insurance is intended for larger claims.
  • Extra coverages push up costs – There are a ton of additional extra coverages that can add up if you aren’t diligent. Things like roadside assistance, accident forgiveness, and extra life insurance coverage could be just wasting money. They may sound like good ideas when discussing your needs, but your needs may have changed so get rid of them and save.

Tailor your insurance coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique and your policy should reflect that. For example, these questions could help you determine whether your personal situation may require specific advice.

  • Does coverage extend to my business vehicle?
  • Can I get a multi-policy discount?
  • Do I have coverage if my license is suspended?
  • Should I drop comprehensive coverage on older vehicles?
  • Can I drive in Mexico and have coverage?
  • What companies insure drivers after a DUI or DWI?
  • When should I drop full coverage on my 1998 Chevy Lumina?
  • Why am I required to buy liability insurance?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area.

Specifics of your insurance policy

Having a good grasp of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages offered by insurance companies.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP kick in for short-term medical expenses for chiropractic care, pain medications, EMT expenses and funeral costs. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these coverages are similar to your liability insurance amounts.

Collision protection

Collision coverage covers damage to your Lumina from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as rolling your car, backing into a parked car and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Liability auto insurance

This coverage will cover damage that occurs to people or other property by causing an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined limit which provides one coverage limit without having the split limit caps.

Liability insurance covers claims like bail bonds, funeral expenses, legal defense fees and medical expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as theft, a broken windshield, vandalism, falling objects and damage from flooding. The most your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

What is YOUR best insurance company?

In this article, we covered a lot of ways to save on 1998 Chevy Lumina insurance. It’s most important to understand that the more rate quotes you have, the higher your chance of finding low cost insurance. You may even discover the best price on car insurance is with a small mutual company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm and Allstate.

Affordable 1998 Chevy Lumina insurance is possible both online and also from your neighborhood agents, and you should be comparing both to have the best rate selection. Some insurance companies do not provide online quoting and usually these smaller providers provide coverage only through independent insurance agencies.

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