Want cheaper car insurance rates? Drivers have a choice when trying to find low-cost Chevy Cavalier insurance. You can either waste hours struggling with agents to get rate comparisons or use the internet to get rate quotes. There is a right way and a wrong way to find car insurance online and you need to know the best way to quote coverages for a Chevy and find the cheapest rates.
It’s important that you understand the rating factors that help calculate your policy premiums. If you understand what determines base rates, this enables informed choices that could result in much lower annual insurance costs.
Shown below are just a few of the factors utilized by car insurance companies to help set premiums.
Insurance can cost an arm and a leg, but there are discounts available that can help lower your rates. Some discounts apply automatically at the time you complete a quote, but less common discounts must be inquired about before they will apply.
As a disclaimer on discounts, most discounts do not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like medical payments or collision. So even though you would think you would end up receiving a 100% discount, that’s just not realistic.
If you would like to view insurers who offer online auto insurance quotes, follow this link.
Drivers can’t ignore all the ads that promise big savings for switching by Progressive, Allstate and GEICO. They all seem to make the point about savings if you change your car insurance policy to them.
How do they all offer drivers better rates? It’s all in the numbers.
Car insurance companies have specific guidelines for the type of driver that will generate a profit. A good example of a profitable customer may need to be a married male, has other policies, and has great credit. Any driver who matches those parameters will probably get the lowest premium rates and therefore will save if they switch.
Potential customers who do not match the requirements may be forced to pay more expensive rates and the customer buying from a different company. The ads say “people who switch” not “everybody who quotes” save that much when switching. That’s the way insurance companies can confidently make claims like that. This illustrates why you really should get car insurance quotes as often as possible. It’s not possible to predict which car insurance company will have the lowest rates.
When it comes to choosing coverage, there really is no cookie cutter policy. Every situation is different.
For instance, these questions can aid in determining if your situation would benefit from an agent’s advice.
If you can’t answer these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.
Knowing the specifics of auto insurance can help you determine appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.
Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Cavalier.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.
Collision coverages – This will pay to fix damage to your Cavalier resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things like crashing into a building, hitting a mailbox, colliding with another moving vehicle and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.
Liability – Liability coverage can cover injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability coverage pays for things like repair costs for stationary objects, structural damage and emergency aid. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as fire damage, falling objects and damage from flooding. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Insurance for medical payments – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like doctor visits, prosthetic devices and dental work. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
A few companies may not provide online quoting and these regional carriers only sell through independent insurance agencies. Budget-friendly insurance is possible from both online companies and with local insurance agents, so you should compare both to get a complete price analysis.
As you shop your coverage around, do not buy poor coverage just to save money. There have been many situations where someone dropped comprehensive coverage or liability limits to discover at claim time they didn’t have enough coverage. Your goal is to purchase a proper amount of coverage at the best cost, but do not sacrifice coverage to save money.
Throughout this article, we presented quite a bit of information on how to reduce 2000 Chevy Cavalier insurance car insurance rates online. The most important thing to understand is the more price quotes you have, the higher your chance of finding cheaper car insurance. Consumers could even find that the most savings is with a small mutual company.
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