1992 Chevrolet Lumina Minivan Car Insurance Cost – 5 Ideas for Cheaper Prices

Are you drained from not being able to afford to pay high car insurance rates every month? You have the same problem as most other drivers. Lots of insurers contend to insure your vehicles, and it can be difficult to compare rates and get the definite lowest price

If you are insured now or need new coverage, you will benefit by learning to shop for the lowest rates and still get good coverage. Finding the best rates is not that difficult. Vehicle owners only need an understanding of the best way to get comparison rates online.

More discounts mean affordable premiums

Auto insurance companies don’t always list all disounts in an easy-to-find place, so the list below contains a few of the more well known as well as some of the hidden credits that may apply to you. If you don’t get every credit you qualify for, you are just wasting money.

  • Accident Waiver – This isn’t a discount exactly, but a few companies such as GEICO, Allstate and Liberty Mutual will turn a blind eye to one accident without the usual rate increase if you have no claims before the accident.
  • Drive Safe and Save – Drivers who avoid accidents can save as much as half off their rates on Lumina Minivan insurance than less cautious drivers.
  • Professional Memberships – Joining qualifying employment or professional organizations is a simple method to lower premiums when shopping for insurance.
  • Seat Belts Save – Drivers who require all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
  • Accident Free – Drivers with accident-free driving histories pay less compared to bad drivers.

Discounts lower rates, but most discounts do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So when the math indicates adding up those discounts means a free policy, it just doesn’t work that way.

A few of the larger companies and some of the discounts are outlined below.

  • GEICO policyholders can earn discounts including multi-policy, good student, federal employee, membership and employees, driver training, and daytime running lights.
  • USAA has discounts for good student, multi-policy, military installation, multi-vehicle, and safe driver.
  • Progressive may include discounts for online quote discount, multi-vehicle, continuous coverage, good student, homeowner, multi-policy, and online signing.
  • American Family may have discounts that include accident-free, multi-vehicle, good student, air bags, and defensive driver.
  • Esurance offers premium reductions for defensive driver, renters, anti-lock brakes, multi-policy, homeowner, Switch & Save, and anti-theft.
  • Farmers Insurance offers discounts for switch companies, youthful driver, mature driver, distant student, bundle discounts, business and professional, and alternative fuel.
  • State Farm includes discounts for good student, multiple policy, safe vehicle, defensive driving training, and Drive Safe & Save.

Before buying, ask all companies you are considering the best way to save money. A few discounts may not apply in your state. To see a list of insurance companies who offer online insurance quotes, follow this link.

It’s not one size fits all

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and your policy should reflect that. For example, these questions could help you determine whether or not you would benefit from an agent’s advice.

  • Which companies will insure high-risk drivers?
  • Are all vehicle passengers covered by medical payments coverage?
  • What companies insure drivers after a DUI or DWI?
  • What is high-risk coverage and where do I buy it?
  • Can I afford to buy a different vehicle if my 1992 Chevy Lumina Minivan is totaled?
  • Will I be non-renewed for getting a DUI or other conviction?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.

Insurance coverage buyers beware

Consumers can’t escape the ads that claim the cheapest car insurance rates from the likes of 21st Century, Allstate and State Farm. All the ads advertise the message of big savings if you get a free car insurance quote and switch your policy.

But how can every company charge you a lower premium? Just pay attention to how they say it.

Most companies have specific criteria for the type of driver that will be a good risk. For example, this type of insured might be married and over the age of 30, has other policies, and has a high credit rating. Any new insured who fits that profile receives the best premium rates and will also save when switching.

People who don’t measure up to those criteria will see higher premium rates and this can result in business going elsewhere. If you pay attention, the ads say “drivers who switch” not “everybody who quotes” can save as much as they claim. That is how companies can claim big savings. Each company has different criteria, so you absolutely need to compare price quotes frequently. It is just not possible to predict which insurance companies will fit your personal profile best.

What insurance coverages do you need?

Knowing the specifics of insurance can be of help when determining the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types available from insurance companies.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like fire damage, damage from getting keyed and rock chips in glass. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Collision insurance

Collision coverage will pay to fix damage to your Lumina Minivan from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims such as driving through your garage door, colliding with a tree, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage kick in for bills like pain medications, ambulance fees, dental work and chiropractic care. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability

This coverage can cover damages or injuries you inflict on other people or property in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability can pay for things like structural damage, emergency aid, loss of income and funeral expenses. How much liability coverage do you need? That is up to you, but consider buying higher limits if possible.

Shop smart and save

We just presented a lot of ways to lower your 1992 Chevy Lumina Minivan insurance rates. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding the cheapest car insurance. Consumers may even find the best rates are with some of the smallest insurance companies. Some small companies may cover specific market segments cheaper as compared to the big name companies such as Allstate or State Farm.

The cheapest 1992 Chevy Lumina Minivan insurance is possible both online as well as from insurance agents, so you should compare both in order to have the best chance of saving money. A few companies do not provide rate quotes online and most of the time these small insurance companies work with independent agents.

When buying insurance coverage, it’s very important that you do not reduce needed coverages to save money. There are a lot of situations where consumers will sacrifice physical damage coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. The goal is to purchase a proper amount of coverage at the best possible price, but do not sacrifice coverage to save money.

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