Lower Your 1998 Dodge Viper Insurance Cost

Are you tired of not being able to afford to pay insurance each month? You’re in the same situation as most other people.

Because there are so many insurance companies to choose from, it can be challenging to pick a more affordable insurance company.

Pricing affordable insurance coverage is not that difficult. In a nutshell, everyone who shops for insurance most likely will be able to save money. Although drivers can benefit from knowing how the larger insurance companies sell online and apply this information to your search.

Lower rate quotes with these insurance discounts

Companies do not list all possible discounts very well, so we researched both the well known as well as the least known credits available to you.

  • First Accident Forgiveness – This isn’t a discount exactly, but companies like State Farm and Progressive will let one accident slide before your rates go up if you have no claims for a certain period of time.
  • Discount for Passive Restraints – Factory options such as air bags or automatic seat belts may qualify for discounts of 20% or more.
  • Discounts for New Vehicles – Insuring a new car can be considerably cheaper due to better safety requirements for new vehicles.
  • Include Life Insurance and Save – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out a life policy as well.
  • No Claim Discounts – Drivers with accident-free driving histories get the best insurance rates in comparison to policyholders that have many claims.
  • Pay Now and Pay Less – If you can afford to pay the entire bill rather than paying monthly you can avoid monthly service charges.
  • Professional Memberships – Having an affiliation with specific professional or occupational memberships or organizations can get you a small discount on your policy.
  • Discounts for Multiple Vehicles – Purchasing coverage when you have multiple vehicles with one company may reduce the rate for each vehicle.
  • E-sign – A few larger online companies will discount your bill up to fifty bucks for buying your policy on their website.

A little disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like you could get a free insurance policy, nobody gets a free ride.

To see providers that provide some of the discounts listed above, click here to view.

Auto insurance can get complicated

When choosing the right insurance coverage for your personal vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions may help you determine if your situation might need professional guidance.

  • Do I need special endorsements for business use of my vehicle?
  • Does my policy pay for OEM or aftermarket parts?
  • Is my ex-spouse still covered by my policy?
  • Can I rate high risk drivers on liability-only vehicles?
  • Do I need replacement cost coverage on my 1998 Dodge Viper?
  • Is my teen driver covered when they drive my company car?
  • Which companies will insure high-risk drivers?
  • Am I covered when driving a rental car?
  • What is covered by UM/UIM coverage?
  • Are my friends covered when driving my car?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Be skeptical of insurance ads

Big name companies like State Farm, Allstate and GEICO endlessly run ads on TV and radio. They all seem to make the point that drivers can save some big amount after switching your insurance coverage to their company. How can each company offer drivers better rates?

Insurance companies have a certain “appetite” for the type of driver that will add to their bottom line. One example of this type of driver might be married and over the age of 30, insures multiple vehicles, and has a high credit rating. A driver who fits those characteristics receive the lowest rate quotes and will save a lot of money.

Consumers who are not a match for these criteria will have to pay higher prices and the customer not buying. The ads say “people that switch” but not “everyone who gets a quote” save that much money. That’s the way insurance companies can make claims like that.

This really illustrates why you need to get a wide range of price quotes. It’s just not possible to know the company that will provide you with the cheapest car insurance rates.

Educate yourself about insurance coverages

Knowing the specifics of your insurance policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages offered by insurance companies.

Auto liability

Liability insurance can cover damages or injuries you inflict on people or other property. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as emergency aid, repair costs for stationary objects, court costs, attorney fees and medical expenses. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Uninsured or underinsured coverage

This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your 1998 Dodge Viper.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Frequently the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like hitting a parking meter, damaging your car on a curb and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as damage from a tornado or hurricane, rock chips in glass, damage from getting keyed, theft and hail damage. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for expenses for X-ray expenses, hospital visits, EMT expenses, prosthetic devices and rehabilitation expenses. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Don’t throw your cash in the trash

In this article, we presented some good ideas how to shop for 1998 Dodge Viper insurance online. The key thing to remember is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the most savings is with a lesser-known regional company. Regional companies may have significantly lower rates on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.

As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. In many cases, drivers have reduced full coverage only to discover later that the savings was not a smart move. Your strategy should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

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