2004 Saturn L300 Insurance Cost – 8 Savings Tips

Looking for better auto insurance rates for your Saturn L300? Buying lower priced auto insurance might seem intimidating for people who are beginners to quoting and comparing and buying auto insurance online. With a ridiculous number of companies, how can you be able to compare every auto insurance company to find better rates?

Low cost car insurance prices

Effectively comparing car insurance prices can be a lot of work if you don’t utilize the most efficient way. You could spend the better part of a day discussing policy coverages with insurance agencies in your area, or you could use online quoting to get rate comparisons in just a few minutes.

Many popular insurance companies enroll in a system that enables customers to submit their information once, and each participating company then gives them pricing based on the submitted data. This system prevents you from having to do quote requests to every company.

To find out what other companies charge click here to open in new window.

One minor caviat to using this type of form is that consumers can’t choose the companies to get quotes from. So if you want to select individual companies to receive pricing from, we have a page of the cheapest car insurance companies in your area. View list of insurance companies.

You can use whichever method you prefer to find lower rates, just double check that you are using apples-to-apples coverage data for every company. If the quotes have different data it will be nearly impossible to make a fair rate comparison. Slightly different coverage limits may result in a large different in cost. Just keep in mind that making a lot of price comparisons helps locate a better price. Some regional insurers cannot provide price estimates online, so you should also compare price estimates from them as well.

Your situation helps dictate your coverage

When buying coverage, there isn’t really a single plan that fits everyone. Every insured’s situation is different.

For instance, these questions could help you determine if you would benefit from an agent’s advice.

  • If my pet gets injured in an accident are they covered?
  • Does coverage extend to a rental car in a foreign country?
  • What if I total my 2004 Saturn L300 and owe more than it’s worth?
  • Is my 2004 Saturn L300 covered for smoke damage?
  • Am I covered when driving a rental car?
  • Do I have newly-aquired coverage?
  • Am I getting all the discounts available?
  • When can I cancel my policy?
  • Am I covered if I wreck a rental car?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete this short form.

Detailed coverages of your auto insurance policy

Learning about specific coverages of a auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Collision protection

This coverage covers damage to your L300 caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with another moving vehicle, hitting a mailbox, crashing into a building, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive insurance

This covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a tree branch falling on your vehicle, hitting a deer, a broken windshield and hitting a bird. The highest amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability insurance

This coverage can cover injuries or damage you cause to people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which stand for a $50,000 limit per person for 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 claims like bail bonds, repair bills for other people’s vehicles and structural damage. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like funeral costs, nursing services, EMT expenses, X-ray expenses and chiropractic care. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea.