How Much Does 1998 Oldsmobile Regency Car Insurance Cost?

Trying to find the cheapest insurance rates for your Oldsmobile Regency? Are you irritated from wondering where the money will come from to pay your insurance bill each month? You’re in the same situation as millions of other drivers.

You have so many car insurance companies to purchase coverage from, and although it’s a good thing to have a choice, more options can take longer to get the best deal.

Finding the best rates is not rocket science. Basically, every vehicle owner who buys insurance coverage should be able to cut their insurance bill. But drivers must understand how companies market insurance on the web and use this information to your advantage.

More discounts mean lower-cost premiums

Some companies don’t always advertise their entire list of discounts very well, so we researched some of the best known and the harder-to-find discounts you could be receiving when you buy car insurance online.

  • Distant College Student Discount – Older children who live away from home to go to college without a vehicle on campus may be insured at a cheaper rate.
  • Discount for Life Insurance – Select companies reward you with a break if you buy a life policy as well.
  • Use Seat Belts – Forcing all vehicle occupants to buckle up before driving can save up to 15% off PIP or medical payments premium.
  • Own a Home and Save – Just being a homeowner can get you a discount because of the fact that having a home means you have a higher level of financial diligence.
  • Federal Government Employee – Having worked for a branch of the government can earn a discount up to 10% for Regency insurance depending on your company.
  • Driver Training Discounts – Taking a safe driver course may get you a small discount and make you a better driver.

One thing to note about discounts is that most discounts do not apply to the entire cost. Some only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think all those discounts means the company will pay you, nobody gets a free ride.

The best insurance coverage companies and a summarized list of policyholder discounts are detailed below.

  • State Farm has discounts for multiple autos, Drive Safe & Save, anti-theft, student away at school, good driver, and driver’s education.
  • American Family has savings for TimeAway discount, multi-vehicle, early bird, accident-free, defensive driver, and Steer into Savings.
  • GEICO policyholders can earn discounts including federal employee, five-year accident-free, anti-theft, driver training, good student, and multi-policy.
  • 21st Century may have discounts that include early bird, 55 and older, good student, anti-lock brakes, student driver, defensive driver, and homeowners.
  • Progressive may offer discounts for online quote discount, online signing, good student, continuous coverage, and multi-policy.

Before buying, ask every company which credits you are entitled to. All car insurance discounts might not be available to policyholders in every state. To find insurance coverage companies who offer insurance coverage discounts, click this link.

Learn how to find insurance coverage at a discount

One of the most helpful ways to save on insurance coverage is to to have a grasp of a few of the rating criteria that aid in calculating your insurance coverage rates. If you know what influences your rates, this allows you to make educated decisions that can earn you cheaper rates. Many different elements are used when quoting car insurance. Some of the criteria are obvious like an MVR report, but some are more transparent like your vehicle usage or your commute time.

The factors shown below are most of the major factors utilized by car insurance companies to help set rates.

  • Cheaper rates using alarm systems – Choosing to buy a car that has a built-in theft deterrent system can save you some money. Theft deterrent systems such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop your vehicle from being stolen.
  • Good credit scores equal low rates – Having a bad credit score can be a huge factor in calculating your insurance coverage rates. Therefore, if your credit is lower than you’d like, you may save money insuring your 1998 Oldsmobile Regency by spending a little time repairing your credit. Consumers who have high credit scores tend to be better risks to insure than drivers who have worse credit.
  • Are males or females drivers cheaper? – Statistics have proven women are more cautious behind the wheel. The data does not necessarily mean that women are better drivers. Females and males have accidents in similar numbers, but guys cause more damage. In addition to higher claims, males also get ticketed for serious violations like reckless driving and DUI.
  • Don’t abuse insurance coverage claims – Auto insurance companies provide lower rates to policyholders who do not rely on their insurance for small claims. If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Insurance coverage is intended to be relied upon for claims that pose a financial burden.
  • Get cheaper prices after the wedding – Walking down the aisle may earn you lower rates on your policy. Marriage demonstrates that you tend to be more mature than a single person and it’s statistically proven that married drivers get in fewer accidents.

It’s not one size fits all

When buying the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether your personal situation will benefit from professional help.

  • What is high-risk coverage and where do I buy it?
  • What happens if I owe more than my 1998 Oldsmobile Regency is worth?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • What should my uninsured motorist coverage limits be in my state?
  • How much can I save by bundling my policies?
  • Should I have combined single limit or split liability limits?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered if hit by an uninsured driver?
  • Can I afford to buy a different vehicle if my 1998 Oldsmobile Regency is totaled?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Are you falling for claims of savings?

Car insurance providers like State Farm, GEICO and Progressive consistently run television, radio, and online ads. All the ads tend to make the same promise that you can save just by switching your coverage to them. But how can every company save you money? It’s all in the words they use.

Insurance providers are able to cherry pick for the right customer that will most likely be profitable. One example of a driver they prefer might be over the age of 50, carries full coverage, and has a high credit rating. A driver that fits those parameters will get very good rates and will most likely save a lot if they switch.

Potential insureds who are not a match for the requirements will probably have to pay higher premium rates which usually ends up with the prospect going elsewhere. The ads say “drivers who switch” but not “all drivers who get quotes” will save that much if they switch. This is how insurance companies can confidently make claims that they all have the best premium rates. Because of this risk profiling, you really should get a wide range of price quotes. You cannot predict which car insurance company will have the best auto insurance rates at this point in time.

Insurance coverages explained

Knowing the specifics of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types available from insurance companies.

Liability coverage

This coverage can cover damage that occurs to other’s property or people. This coverage protects you against other people’s claims, and does not provide coverage for 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 commonly see values of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage protects against claims such as medical expenses, attorney fees, repair bills for other people’s vehicles, funeral expenses and loss of income. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Comprehensive (Other than Collision)

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like vandalism, damage from getting keyed, hail damage and fire damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Oldsmobile Regency.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Collision protection

Collision coverage covers damage to your Regency resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a parking meter, colliding with a tree, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Medical expense insurance

Coverage for medical payments and/or PIP pay for expenses like X-ray expenses, rehabilitation expenses and prosthetic devices. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Don’t be a big spender

When buying insurance coverage, it’s not a good idea to reduce coverage to reduce premium. In many instances, someone dropped full coverage only to find out that their decision to reduce coverage ended up costing them more. The goal is to purchase plenty of coverage at the best price, but do not skimp to save money.

We just covered quite a bit of information on how to save on 1998 Oldsmobile Regency insurance. The most important thing to understand is the more companies you get rates for, the higher your chance of finding low cost car insurance. You may even discover the lowest prices are with a smaller regional carrier. These companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm or Progressive.

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