Lower Your 2002 Dodge Neon Car Insurance Rates

Want better insurance rates for your Dodge Neon? Pricey insurance can draw down your funds and force you to make tough financial choices.

Insurance companies such as GEICO, 21st Century and Progressive constantly bombard you with fancy advertisements and consumers find it hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.

If you have car insurance now, you will most likely be able to cut costs considerably using these tips. Finding affordable coverage is quite easy. Nevertheless, car owners must know how the larger insurance companies price online insurance and use this information to your advantage.

Do you qualify for discounts?

Some providers do not list the entire discount list very clearly, so the below list has a few of the more well known and also the more inconspicuous credits available to lower your premiums when you buy insurance coverage online.

  • Theft Deterent Discount – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more.
  • Multiple Cars – Drivers who insure more than one vehicle with the same company can get a discount on all vehicles.
  • Anti-lock Brake Discount – Cars and trucks with ABS braking systems or traction control have fewer accidents so you can save 10 percent or more.
  • Senior Discount – Drivers over the age of 55 can possibly qualify for lower premium rates on Neon insurance.
  • Telematics Data Discounts – Drivers who agree to allow their insurance company to monitor driving patterns by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system could possibly reduce rates if they have good driving habits.
  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy auto and life insurance together.
  • Low Mileage Discounts – Low annual miles could be rewarded with substantially lower prices.
  • Pay Early and Save – By making one initial payment rather than paying in monthly installments you can avoid the installment charge.
  • Good Students Pay Less – Excelling in school can save 20 to 25%. Most companies allow this discount up until you turn 25.
  • Federal Government Employee – Having worked for a branch of the government may qualify for a discount when you quote insurance coverage on Neon insurance but check with your company.

Don’t be surprised that many deductions do not apply to the overall cost of the policy. A few only apply to individual premiums such as comprehensive or collision. So even though it sounds like it’s possible to get free car insurance, it doesn’t quite work that way.

A few companies that may offer these money-saving discounts are:

If you want the cheapest insurance coverage quotes, ask all the companies to apply every possible discount. Savings may not be offered in your area.

Buy car insurance online

There are multiple methods you can shop for car insurance and some are less time-consuming than others. You could spend the better part of a day talking to agents in your area, or you can stay home and use the web to accomplish the same thing much quicker.

All the larger companies take part in a program that enables customers to submit one quote, and every company can give them a price based on that data. This system prevents you from having to do quote forms to each individual car insurance company.

To get comparison pricing now click here to open in new window.

One minor caviat to comparing rates this way is that you can’t choose which companies to get pricing from. So if you want to select individual companies to receive pricing from, we put together a list of companies who write car insurance in your area. Click here for list of insurance companies.

Which method you use is up to you, but double check that you are using equivalent coverage limits on every quote you get. If your comparisons have different values for each quote it’s not possible to make an equal comparison. Just a small difference in coverages may cause a big price difference. It’s important to know that making a lot of price comparisons increases the change that you will find a lower rate.

Learn how to quote insurance more affordably

Consumers need to have an understanding of the rating factors that come into play when calculating your premiums. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that can help you get big savings.

  • Five star crash test rating saves money – Vehicles with good safety scores can get you lower premiums. Safer cars reduce injuries and fewer injuries translates into savings for insurance companies and thus lower rates. If your Dodge Neon scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • High comp and collision deductibles lower costs – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. Some instances where coverage would apply are colliding with a building, flood damage, or theft. The deductibles you choose define the amount you are willing to pay if a claim is determined to be covered. The larger the amount the insured has to pay upfront, the less money you will pay for insurance on Neon insurance.
  • How do annual miles impact prices? – The more you drive every year the more you’ll pay to insure it. A lot of insurance companies charge rates based upon how much you drive. Vehicles that have low annual miles can get a lower rate as compared to vehicles used primarily for driving to work. Incorrect rating for your Neon is throwing money out the window. Double check that your insurance policy is rated on the proper vehicle usage.
  • Don’t abuse claims – Companies generally give the best rates to insureds who do not file claims often. If you file a lot of claims you can pretty much guarantee higher premiums or even policy non-renewal. Your car insurance is intended to be relied upon for more catestrophic claims.
  • Avoid insurance policy lapses – Not maintaining insurance is against the law and as a result your rates will increase for letting your insurance coverage expire. In addition to paying higher premiums, being ticketed for driving with no insurance will get you a steep fine or even jail time. You could then be forced to prove you have insurance by filing a SR-22 with your state DMV.
  • Costs may be higher where you live – Having an address in a small town can be a good thing when trying to find low car insurance rates. People in densly populated areas regularly have much more traffic and more severe claims. Fewer drivers and short commutes translates into fewer accident claims.

Don’t assume everyone needs the same insurance coverage coverage

When buying proper insurance coverage for your vehicles, there really is no one size fits all plan. Each situation is unique so your insurance needs to address that. These are some specific questions might point out whether you might need an agent’s assistance.

  • Is my business laptop covered if it gets stolen from my vehicle?
  • Should I have combined single limit or split liability limits?
  • Are my friends covered when driving my car?
  • Am I covered when driving a rental car?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What should my uninsured motorist coverage limits be in my state?
  • Do I need PIP (personal injury protection) coverage in my state?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Insurance coverage options for a 2002 Dodge Neon

Learning about specific coverages of a insurance policy aids in choosing the best coverages at the best deductibles and correct limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. These are the usual coverages found on most insurance policies.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance kick in for expenses for things like nursing services, ambulance fees and doctor visits. They are often used in conjunction with a health insurance plan or if you do not have health coverage. They cover you and your occupants and will also cover getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Liability – This coverage provides protection from damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things like court costs, repair costs for stationary objects and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Dodge Neon.

Due to the fact that many 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 should not be overlooked.

Comprehensive coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as damage from flooding, vandalism and hitting a bird. The most a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – This will pay to fix damage to your Neon from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like sideswiping another vehicle, hitting a parking meter, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Don’t throw your cash in the trash

Lower-priced auto insurance is attainable from both online companies in addition to local insurance agencies, so you should compare both to have the best rate selection. A few companies may not offer internet price quotes and usually these small insurance companies provide coverage only through independent agencies.

As you quote insurance coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. In many cases, someone dropped liability coverage limits to discover at claim time they didn’t have enough coverage. Your goal is to buy enough coverage at the lowest possible cost while not skimping on critical coverages.

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