There isn’t anyone who likes having to buy auto insurance, especially when the prices are way too high. Due to the large number of companies to choose from, it is hard for the average consumer to choose the lowest price auto insurance company.
Smart consumers take time to do price comparisons before your policy renews because insurance prices change regularly. If you had the best rate for Monte Carlo insurance on your last policy you will most likely find a better premium rate today. Forget anything you know (or think you know) about auto insurance because you’re about to learn the tricks you need to know to get good coverage at a lower rate.
Insurance is not inexpensive, but you might already qualify for some discounts that can dramatically reduce your bill. Most are applied at quote time, but less common discounts must be asked about before being credited.
Remember that some of the credits will not apply the the whole policy. Most only cut the price of certain insurance coverages like liability and collision coverage. So even though it sounds like adding up those discounts means a free policy, company stockholders wouldn’t be very happy. Any amount of discount will definitely reduce your policy premium.
A few of the larger companies and a summarized list of policyholder discounts include:
If you need lower rates, check with every prospective company to give you their best rates. All car insurance discounts may not apply to policyholders in every state. To find providers that offer many of these discounts, click here to view.
When it comes to buying coverage for your personal vehicles, there really is no perfect coverage plan. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions may help you determine whether your personal situation may require specific advice.
If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.
Learning about specific coverages of your car insurance policy can be of help when determining appropriate coverage for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are typical coverages found on most car insurance policies.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your Chevy Monte Carlo.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Usually these limits are similar to your liability insurance amounts.
Coverage for medical expenses
Med pay and PIP coverage provide coverage for short-term medical expenses such as X-ray expenses, chiropractic care and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Comprehensive car insurance
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things like vandalism, hitting a bird, hitting a deer, falling objects and rock chips in glass. The most your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Auto liability insurance
This provides protection from damage or injury you incur to other people or property. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as attorney fees, structural damage, loss of income, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as colliding with a tree, crashing into a building and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.
When trying to cut insurance costs, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage at the best price and still be able to protect your assets.
Low-cost 2001 Chevy Monte Carlo insurance is available from both online companies as well as from insurance agents, so you need to quote insurance coverage with both to have the best selection. Some companies don’t offer online price quotes and these smaller providers provide coverage only through independent agents.
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