2006 Chevrolet Monte Carlo Car Insurance Rates

No normal person looks forward to paying for insurance coverage, in particular when the price is too high. Consumers have so many insurers to pick from, and though it is a good thing to be able to choose, more options can take longer to compare rates and cut insurance costs.

The purpose of this post is to instruct you on the most effective way to quote insurance and some tips to save money. If you currently have a car insurance policy, you will be able to save some money using this information. Drivers only need to know the best way to compare company rates over the internet.

Lower rates by qualifying for discounts

Some providers do not advertise the complete list of policy discounts very clearly, so the list below gives a summary of a few of the more well known and the more hidden credits available to you.

  • Save with a New Car – Insuring a vehicle that is new is cheaper because new vehicles are generally safer.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts can save up to 10 percent (depending on the company) off PIP or medical payments premium.
  • Low Mileage Discounts – Keeping the miles down on your Chevy may enable drivers to earn discounted rates on garaged vehicles.
  • Driver Education Discount – Teen drivers should enroll in driver’s education if offered at their school.
  • Renewal Discounts – Some insurance companies provide a discount for switching companies before your current coverage expires. It could save around 10% when you buy insurance coverage online.
  • Resident Student – Children who are enrolled in higher education away from home and do not have access to a covered vehicle may qualify for this discount.

A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most cut the price of certain insurance coverages like liability and collision coverage. If you do the math and it seems like all the discounts add up to a free policy, insurance companies wouldn’t stay in business.

If you would like to choose from a list of insurers that offer many of these discounts, click here to view.

Informed consumers can lower their insurance costs

Consumers need to have an understanding of the rating factors that come into play when calculating your premiums. If you have a feel for what influences your rates, this helps enable you to make changes that could help you find lower premium levels.

The following are some of the most common factors that factor into your rate level.

  • Additional coverages that may be costing you – There are many extra coverages that can waste your money when buying car insurance. Add-on coverages like roadside assistance, better glass coverage, and extra equipment coverage may not be needed and are just wasting money. They may seem good when talking to your agent, but now you might not need them so eliminate the coverages to reduce your premium.
  • Claims cost money – Auto insurance companies give discounts to people who file claims infrequently. If you file claims often, you can pretty much guarantee much higher rates or policy non-renewal. Your car insurance is designed for the large, substantial claims.
  • Is your vehicle theft-ready? – Driving a car with an alarm system can get you a discount on your car insurance. Systems that thwart theives like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft and help lower rates.
  • Safeguard your assets with liability coverage – Liability insurance will protect you if ever a court rules you are at fault for damages caused by your negligence. It provides you with a defense in court which can be incredibly expensive. Liability insurance is pretty cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Occupation stress can make you pay more – Careers like real estate brokersair traffic controllers and accountants are shown to have higher premiums than the average policyholder in part from intense work requirements and lengthy work days. On the flip side, professions such as actors, students and the unemployed pay the least on Monte Carlo insurance.
  • Bad credit will cost you – Having a bad credit score will be a significant factor in your rate calculation. If your credit rating could use some work, you could potentially save money when insuring your 2006 Chevrolet Monte Carlo by improving your credit score. Drivers who have high credit ratings tend to file fewer claims and have better driving records than those with bad credit.
  • Car insurance policy lapses increase premiums – Having a gap between insurance policy dates can be a guaranteed way to drive up your policy premiums. And not only will your rates increase, getting caught without coverage may earn you a hefty fine and possibly a revoked license.
  • Insurance is expensive for teen drivers – Young drivers have a tendency to be inattentive and easily distracted when driving with friends so car insurance rates are higher. Older, more experienced drivers have been proven to be more responsible, statistically cause fewer accidents and are safer drivers.

Car insurance is unique, just like you

When it comes to choosing coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different so this has to be addressed. For example, these questions may help you determine if your situation would benefit from an agent’s advice.

  • Do I need replacement cost coverage?
  • I have health insurance so do I need medical payments coverage?
  • What happens if I owe more than my 2006 Chevy Monte Carlo is worth?
  • Is my ex-spouse still covered by my policy?
  • Should I carry comprehensive and collision coverage?
  • Am I covered when driving in Canada or Mexico?
  • Can I afford to pay high deductible claims out of pocket?
  • What if I don’t agree with a claim settlement offer?
  • Should I sign the liability waiver when renting a car?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.

Coverage specifics

Learning about specific coverages of auto insurance aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist coverage

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and damage to your Chevy Monte Carlo.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Most of the time these coverages are set the same as your liablity limits.

Liability coverages

This coverage can cover damage that occurs to other people or property that is your fault. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things such as attorney fees, court costs, bail bonds, repair bills for other people’s vehicles and pain and suffering. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Collision coverage protection

This coverage pays for damage to your Monte Carlo caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like hitting a parking meter, sideswiping another vehicle, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as rock chips in glass, hitting a bird, a tree branch falling on your vehicle and damage from getting keyed. The maximum payout a auto 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 probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like dental work, rehabilitation expenses, funeral costs, hospital visits and EMT expenses. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

At the end of the day…

As you restructure your insurance plan, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where an insured cut comprehensive coverage or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your goal is to buy a smart amount of coverage for the lowest price while not skimping on critical coverages.

In this article, we presented a lot of information how to get a better price on 2006 Chevy Monte Carlo insurance. It’s most important to understand that the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the best car insurance rates are with a small local company. Some small companies may only write in your state and offer lower premium rates compared to the large companies like State Farm or Progressive.

Budget-conscious 2006 Chevy Monte Carlo insurance is available from both online companies as well as from insurance agents, so you need to shop insurance coverage with both so you have a total pricing picture. Some insurance providers may not have online rate quotes and many times these smaller providers provide coverage only through independent agents.

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