Nobody loves paying for insurance, particularly when it costs too dang much.
Online insurance companies like Allstate, Progressive and GEICO all promote huge savings with catchy ads and it can be hard to ignore the flashy ads and take the time to shop coverage around.
It’s important to compare rates once or twice a year due to the fact that insurance prices are variable and change quite frequently. Even if you got the lowest price for Lumina coverage on your last policy other companies may now be cheaper. Block out anything you think you know about insurance because I’m going to teach you the right way to properly buy coverages and cut your premium.
Companies that sell car insurance don’t always list their entire list of discounts very well, so we researched some of the best known as well as the least known discounts that you may qualify for.
While discounts sound great, it’s important to understand that most of the big mark downs will not be given to all coverage premiums. Most only reduce individual premiums such as comprehensive or collision. Just because you may think it’s possible to get free car insurance, companies wouldn’t make money that way.
Some companies that may include most of these discounts include:
Before buying, ask each insurance company to apply every possible discount. Some of the discounts discussed earlier may not apply to policies in your state.
When it comes to buying the right insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different so your insurance needs to address that. These are some specific 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, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of insurance companies in your area.
Having a good grasp of car insurance aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages offered by car insurance companies.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage pay for expenses like nursing services, pain medications and prosthetic devices. They are utilized in addition to your health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage
Auto liability insurance
This coverage protects you from damage or injury you incur to a person or their property in an accident. This insurance protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability insurance covers claims such as legal defense fees, bail bonds and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Chevy Lumina.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.
Collision coverage protection
This coverage covers damage to your Lumina resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things like colliding with a tree, damaging your car on a curb, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Comprehensive coverage (or Other than Collision)
This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims like rock chips in glass, damage from flooding, damage from a tornado or hurricane, hitting a bird and hail damage. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
As you prepare to switch companies, don’t be tempted to skimp on coverage in order to save money. There have been many situations where an insured dropped physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to find the BEST coverage at the best possible price but still have enough coverage for asset protection.
In this article, we presented some good ideas how to reduce 1994 Chevy Lumina insurance premium rates online. It’s most important to understand that the more you quote insurance coverage, the better likelihood of getting the cheapest insurance coverage. Consumers could even find that the lowest premium rates come from a smaller regional carrier. Smaller companies may only write in your state and offer lower prices than their larger competitors like Progressive and GEICO.