1994 Chevrolet Lumina Minivan Insurance Rates

Did you come to the realization that you have an overpriced car insurance policy? Trust us when we tell you there are many people just like you.

Because there are so many companies and agents to choose from, it’s nearly impossible to locate the most cost effective car insurance company.

Decisions you make can impact your insurance prices

Consumers need to have an understanding of the factors that aid in calculating your premiums. If you understand what controls the rates you pay, this helps enable you to make changes that can help you get lower insurance prices.

Listed below are a partial list of the pieces utilized by car insurance companies to help set rates.

  • Lower premiums with uninterrupted coverage – Allowing your coverage to lapse is a guaranteed way to increase your renewal premiums. And not only will your rates increase, the inability to provide proof of insurance may earn you a license revocation or jail time. You could then be forced to file a SR-22 with your state DMV.
  • Credit rating impact insurance costs – Credit history factor in calculating your insurance rates. Therefore, if your credit is lower than you’d like, you could pay less to insure your 1994 Chevrolet Lumina Minivan by repairing your credit. Consumers who have high credit ratings tend to be more responsible than those with bad credit.
  • Policy add-ons could be costing you – There are quite a few additional coverages that you can get tricked into buying on your 1994 Lumina Minivan policy. Insurance for coverage for rental cars, high-cost glass coverage, and extra equipment coverage may be costing you every month. They may seem like a good idea when buying your policy, but if you’ve never needed them in the past remove them from your policy.
  • Discounts for auto and home policies – Most companies allow better rates to people who have multiple policies with them such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. Even with this discount applied, you still need to shop around to ensure the best deal.
  • Safety ratings are a factor – Safe vehicles cost less to insure. Vehicles built for safety reduce the chance of injuries and fewer injuries means lower claim amounts and thus lower rates. If your Chevy Lumina Minivan scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it is probably cheaper to insure.
  • Marriage is a good thing – Getting married may earn you lower rates on your policy. Having a significant other usually means you are more mature and responsible and it’s proven that drivers who are married are more cautious.
  • Employer impacts premiums – Did you know your job can affect your rates? Occupations such as lawyers, executives and stock brokers generally pay higher premiums than the average policyholder in part from high stress and long work days. Conversely, careers such as actors, athletes and homemakers have lower than average premiums for Lumina Minivan insurance.

Shop insurance online

To get affordable insurance quotes, there a variety of ways of comparing price quotes from local insurance companies. The easiest way to comparison shop consists of obtaining rate quotes online. It is quite easy and can be accomplished using a couple different methods.

If you don’t have a lot of time, the easiest way to get quotes for comparison is an all-inclusive rate comparison (click to open form in new window). This type of form keeps you from doing separate quotation requests to each individual insurance company. One quote request gets insurance cost estimates from insurance companies with the best prices.

A more difficult way to get quotes online consists of visiting each company website and repeat the quote process again and again. For example, we’ll pretend you want to view quotes from Auto-Owners, Allstate and American Family. To get each rate you have to navigate to each company’s site and enter your policy data, which can be really labor intensive. For a list of links to insurance companies in your area, click here.

Take whichever approach you prefer, but ensure you’re using apples-to-apples deductibles and coverage limits on every quote. If your comparisons have different limits and deductibles on each one it will be nearly impossible to make a fair comparison for your Chevy Lumina Minivan. Just a small difference in coverages can result in a big premium difference. It’s important to know that quoting more helps you find the best offered rates.

Cheaper rates with these discounts

Not many people think insurance is cheap, but there are discounts available that many people don’t even know exist. A few discounts will be applied when you complete an application, but lesser-known reductions have to be specially asked for in order for you to get them.

  • Memberships – Being in certain professional organizations could qualify you for a break on your next insurance coverage statement.
  • College Student Discount – Youth drivers who live away from home to go to college without a vehicle on campus could get you a discount.
  • Bundle and Save – When you have multiple policies and insure them both with the same insurance company you will save as much as 10 to 15 percent.
  • Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn better prices if you take out a life insurance policy as well.
  • Drivers Education – It’s a good idea to have your young drivers sucessfully take a drivers education course in high school.
  • Driver Training Discounts – Passing a defensive driver course is a good idea and can lower rates depending on where you live.
  • No Claim Discounts – Insureds with no claims or accidents pay less as compared to bad drivers.

As a sidenote, some credits don’t apply to your bottom line cost. Most cut individual premiums such as medical payments or collision. Even though the math looks like all those discounts means the company will pay you, you’re out of luck.

To choose insurers that offer discounts, click this link.

Car insurance can be complex

When choosing the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Every situation is different so your insurance needs to address that. For example, these questions may help highlight whether you might need an agent’s assistance.

  • At what point should I drop full coverage?
  • Is my cargo covered for damage or theft?
  • What is medical payments coverage?
  • What is no-fault insurance?
  • If my 1994 Chevy Lumina Minivan is totaled, can I afford another vehicle?
  • Does my policy cover my teen driver if they drive my company car?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • If I drive on a suspended license am I covered?
  • What is the difference between comprehensive and collision coverage?
  • What if I owe more than I can insure my car for?

If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.

Insurance coverage breakdown

Knowing the specifics of your policy helps when choosing the best coverages for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages found on most insurance policies.

Collision insurance

Collision insurance covers damage to your Lumina Minivan resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as rolling your car, damaging your car on a curb, backing into a parked car, crashing into a building and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for expenses like prosthetic devices, dental work, chiropractic care, ambulance fees and hospital visits. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently these coverages are similar to your liability insurance amounts.

Comprehensive coverage

This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, a tree branch falling on your vehicle, falling objects and hitting a deer. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability insurance

Liability coverage provides protection from damage that occurs to other’s property or people that is your fault. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability can pay for things such as medical expenses, emergency aid and repair costs for stationary objects. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Have money to burn

Cheaper 1994 Chevy Lumina Minivan insurance is available from both online companies and from local agencies, and you need to comparison shop both in order to have the best price selection to choose from. Some companies may not have price quotes online and many times these regional insurance providers work with independent agents.

As you quote insurance, it’s a bad idea to skimp on coverage in order to save money. There are many occasions where an insured dropped collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find at the best possible price, not the least amount of coverage.

Additional auto insurance information can be found on the following sites: