2001 Chevrolet Prizm Insurance Quotes – 7 Tricks for Cheaper Rates

I can’t think of anyone who rejoices having to buy insurance, in particular when the cost is too high. Because you have many online and local companies to choose from, it can be hard to find the most affordable insurer.

Finding affordable coverage is not that difficult. If you are insured now or need a new policy, you can follow these tips to find better prices while maintaining coverages. Drivers only need an understanding of how to compare rates online.

Car Insurance Discounts

Auto insurance companies don’t always publicize all possible discounts very well, so the list below contains some of the more common in addition to some of the lesser obvious discounts that may be available.

  • No Claim Discounts – Claim-free drivers can earn big discounts in comparison to drivers with a long claim history.
  • Active Service Discounts – Having a family member in the military could be rewarded with lower car insurance rates.
  • Senior Citizen Discount – Older drivers could receive a discount up to 10% on Prizm insurance.
  • Life Insurance Discount – Larger companies have lower premium rates if you buy life insurance.
  • Discounts for Responsible Drivers – Accident-free drivers can save up to 40% or more on their insurance quote on Prizm insurance compared to rates paid by drivers with frequent claims.
  • Auto/Home Discount – When you combine your home and auto insurance and insure them both with the same insurance company you will save as much as 10 to 15 percent.
  • Sign Early and Save – A few car insurance companies allow discounts for buying a policy before your current policy expires. The savings is around 10%.

Please keep in mind that most credits do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, you aren’t that lucky.

Car insurance companies who might offer many of the previously listed discounts are:

It’s a good idea to ask all companies you are considering how you can save money. Savings might not be offered on policies in your area. To find companies offering car insurance discounts, follow this link.

Tailor your insurance coverage coverage to you

When it comes to choosing coverage, there isn’t really a cookie cutter policy. Every situation is different so your insurance needs to address that. Here are some questions about coverages that might help in determining if your insurance needs might need professional guidance.

  • Am I covered when driving in Canada or Mexico?
  • Do I need to file an SR-22 for a DUI in my state?
  • If my pet gets injured in an accident are they covered?
  • Am I covered if hit by an uninsured driver?
  • How can I find cheaper teen driver insurance?
  • Is my trailer covered?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short 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.

Coverages available on your policy

Having a good grasp of insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages offered by insurance companies.

Comprehensive (Other than Collision)

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like hitting a deer, rock chips in glass, theft and damage from flooding. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto collision coverage

Collision coverage covers damage to your Prizm from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like sustaining damage from a pot hole, crashing into a ditch, crashing into a building and damaging your car on a curb. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants 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 Chevy Prizm.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Medical expense insurance

Coverage for medical payments and/or PIP pay for short-term medical expenses for rehabilitation expenses, prosthetic devices, EMT expenses and ambulance fees. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Coverage for liability

Liability coverage can cover damages or injuries you inflict on other’s property or people. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability coverage protects against claims such as structural damage, repair bills for other people’s vehicles and legal defense fees. How much liability coverage do you need? That is up to you, but you should buy as large an amount as possible.

A fool and his money are soon parted

When getting insurance quotes online, don’t be tempted to buy less coverage just to save a little money. There are many occasions where drivers have reduced collision coverage to discover at claim time that the savings was not a smart move. The ultimate goal is to get the best coverage possible at the best cost, but do not sacrifice coverage to save money.

Affordable 2001 Chevy Prizm insurance can be bought on the web in addition to local insurance agencies, so you need to shop insurance with both to have the best selection. Some companies may not offer rates over the internet and many times these small insurance companies work with local independent agencies.

We’ve covered a lot of ways to reduce 2001 Chevy Prizm insurance car insurance rates online. The key concept to understand is the more providers you compare, the better your comparison will be. You may even discover the best car insurance rates are with some of the lesser-known companies. These smaller insurers may have significantly lower premium rates on certain market segments than the large multi-state companies such as Allstate or State Farm.

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