2005 Chevrolet Classic Insurance Cost – 7 Ideas for Best Prices

Locating low-cost insurance for a new or used Chevy Classic can turn out to be a lot of work, but you can use these tips to make it easier. There is a better way to shop for insurance coverage so you’re going to learn the quickest way to compare rates for a Chevy and locate the best price possible from local insurance agents and online providers.

How to buy insurance online

Shopping for lower insurance rates can be challenging if you don’t understand the best way to get rate quotes. You could spend the better part of a day discussing policy coverages with agents in your area, or you could save time and use online quoting to get pricing more quickly.

The majority of car insurance companies participate in an industry program where insurance shoppers send in one quote, and at least one company returns a competitive quote for coverage. This prevents consumers from doing repetitive form submissions for each company you want a rate for.

To submit your quote information now, click here to start a free quote.

The only drawback to using this type of system is you are unable to specify the providers to get pricing from. So if you want to choose specific insurance companies to request quotes from, we put together a list of the cheapest insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but make sure you compare the same information for each comparison quote. If you enter mixed coverages it’s not possible to truly determine the lowest rate.

Get lower-cost car insurance with discounts

Car insurance is neither fun to buy or cheap, but you might already qualify for some discounts to help bring down the price. A few discounts will automatically apply at the time you complete a quote, but a few need to be manually applied prior to getting the savings.

• Membership in Organizations – Having an affiliation with certain professional organizations is a simple method to lower premiums on your bill.
• Federal Employees – Employees or retirees of the government can save as much as 8% on Classic coverage with select insurance companies.
• Passive Restraints and Air Bags – Cars that have air bags can qualify for discounts up to 30%.
• Driver’s Education for Students – It’s a good idea to have your young drivers participate in a local driver’s education class in high school.
• Accident Free – Good drivers with no accidents have much lower rates in comparison to policyholders that have many claims.
• Low Mileage Discounts – Low annual miles could qualify for discounted rates on garaged vehicles.
• Early Signing – Some larger companies provide a discount for renewing your policy before your current coverage expires. The savings is around 10%.

You should keep in mind that some of the credits will not apply to all coverage premiums. Some only reduce specific coverage prices like liability, collision or medical payments. If you do the math and it seems like having all the discounts means you get insurance for free, companies don’t profit that way. Any qualifying discounts should definitely cut the amount you pay for coverage.

Larger car insurance companies and some of the discounts are outlined below.

• Progressive may have discounts that include online quote discount, multi-policy, good student, online signing, homeowner, and multi-vehicle.
• Farmers Insurance includes discounts for mature driver, business and professional, switch companies, good student, and teen driver.
• Farm Bureau discounts include renewal discount, youthful driver, 55 and retired, good student, and driver training.
• State Farm may include discounts for anti-theft, good student, defensive driving training, accident-free, and good driver.
• Geico has discounts for membership and employees, driver training, multi-vehicle, anti-lock brakes, defensive driver, air bags, and multi-policy.
• SAFECO may offer discounts for homeowner, anti-lock brakes, accident prevention training, multi-car, safe driver, and bundle discounts.
• Liberty Mutual policyholders can earn discounts including exclusive group savings, new vehicle discount, new graduate, multi-policy, new move discount, safety features, and good student.

If you are trying to find the cheapest car insurance quotes, ask every prospective company which discounts you may be entitled to. All car insurance discounts may not apply to policyholders everywhere. To see a list of insurance companies that offer the discounts shown above, follow this link.

Tailor your insurance coverage coverage to you

When choosing coverage, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that may help you determine if your situation could use an agent’s help.

• What if I owe more than I can insure my car for?
• Should I sign the liability waiver when renting a car?
• How do I buy GAP insurance?
• What is UM/UIM insurance?
• Do I have coverage if my license is suspended?
• Are all vehicle passengers covered by medical payments coverage?
• Can I afford low physical damage deductibles?
• Is my babysitter covered when using my vehicle?
• Who is covered by my policy?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can help protect your family.

Auto insurance coverages 101

Learning about specific coverages of a auto insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your Chevy Classic.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive insurance

This 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 can pay for claims like falling objects, damage from a tornado or hurricane and theft. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision insurance

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like driving through your garage door, crashing into a ditch, sideswiping another vehicle, rolling your car and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Auto liability insurance

Liability insurance protects you from injuries or damage you cause to people or other property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 which stand for $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims such as funeral expenses, bail bonds, court costs, attorney fees and medical expenses. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as nursing services, X-ray expenses and dental work. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Get your money’s worth

As you go through the steps to switch your coverage, do not buy poor coverage just to save money. There have been many situations where an insured dropped uninsured motorist or liability limits only to regret that it was a big error on their part. Your aim should be to purchase a proper amount of coverage at an affordable rate, but do not skimp to save money.

We covered many ideas to reduce 2005 Chevy Classic insurance car insurance rates online. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding low cost car insurance. You may even find the best price on insurance is with the smaller companies.

Insureds who switch companies do it for a variety of reasons including lack of trust in their agent, policy cancellation, delays in responding to claim requests or an unsatisfactory settlement offer. It doesn’t matter what your reason, finding a new company can be easy and end up saving you some money.

More learning opportunities

• Child Safety FAQ (iihs.org)
• A Tree Fell on Your Car: Now What? (Allstate)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)