Are you regretting the purchase of an underperforming, overpriced car insurance policy? Trust us when we tell you you’re not the only one.
People have many insurers to insure vehicles with, and though it is a good thing to have a selection, more options can take longer to compare company pricing.
You should take the time to get comparison quotes at least once a year since prices are rarely the same from one policy term to another. Just because you had the best price for Monte Carlo insurance a couple years back you may be paying too much now. Block out anything you think you know about car insurance because you’re going to learn the proper way to properly buy coverages and cut your premium.
The are a couple different ways to compare rate quotes from many available insurance coverage companies in your state. By far the easiest way to find affordable 2007 Chevy Monte Carlo insurance rates is to perform an online rate comparison. It’s really quite simple and can be done in several different ways.
For a list of companies in your area, click here.
It doesn’t matter which method you choose, just make darn sure you compare apples-to-apples quote data for every company. If you are comparing higher or lower deductibles it will be impossible to determine which rate is truly the best. Even a minor difference in insurance coverages could mean much higher rates. And when comparison shopping, comparing more quotes helps locate more affordable rates. Some insurance companies are not set up to provide rate quotes online, so you also need to get price estimates from the smaller companies as well.
Auto insurance companies such as Allstate and Progressive regularly use ads on TV and radio. All the ads tend to make the same promise that you’ll save big if you move your policy. It sounds good, but how can they all charge less that you’re paying now? It’s all in the numbers.
All companies give the best rates for the type of driver that will not have excessive claims. For instance, this type of insured could be over the age of 45, has a clear driving record, and insures a new vehicle. A driver who fits that profile will probably get the lowest car insurance rates and most likely will save money with a new company.
People who fall outside those criteria will probably be forced to pay higher premiums which translates to the customer buying from someone else. If you listen to the ad wording, they say “customers who switch” not “everyone who quotes” will save that much if they switch. This is how insurance companies can confidently lure you into getting a quote. That is why you should compare quotes as often as possible. It is impossible to guess which company will provide you with the cheapest car insurance rates.
The best way to find cheaper car insurance is to take a look at some of the factors that help calculate car insurance rates. If you have a feel for what controls the rates you pay, this enables you to make decisions that can help you get cheaper rates.
The list below includes a partial list of the pieces that factor into rates.
Companies do not advertise the entire discount list in a way that’s easy to find, so we researched both the well known and also the more inconspicuous car insurance savings.
You should keep in mind that many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears you could get a free car insurance policy, you aren’t that lucky.
To see insurers that provide some of the discounts listed above, click here.
When it comes to buying coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions might point out whether you might need professional guidance.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.
Knowing the specifics of auto insurance aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Listed below are the normal coverages found on most auto insurance policies.
Collision coverage – This coverage will pay to fix damage to your Monte Carlo caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like sustaining damage from a pot hole, crashing into a building, crashing into a ditch, colliding with a tree and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Liability car insurance – This provides protection from damages or injuries you inflict on people or other property. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.
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 policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.
Liability coverage pays for claims like medical expenses, court costs, bail bonds, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.
UM/UIM Coverage – This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2007 Chevy Monte Carlo.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.
Medical costs insurance – Med pay and PIP coverage reimburse you for short-term medical expenses for things like hospital visits, ambulance fees, EMT expenses and dental work. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as hail damage, hitting a deer, falling objects, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. In many cases, consumers will sacrifice comprehensive coverage or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible at the best price, but don’t skip important coverages to save money.
We just showed you a lot of ways to reduce 2007 Chevy Monte Carlo insurance rates online. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even discover the lowest priced insurance comes from some of the smallest insurance companies. Some small companies often have lower car insurance rates on specific markets compared to the large companies like Allstate or State Farm.
More detailed insurance information can be found by following these links: