Lower Your 1995 Chevrolet Lumina Insurance Cost

Looking for the cheapest insurance coverage rates for your Chevrolet Lumina? Sick and tired of being strong-armed to pay your car insurance bill each month? You’re in the same situation as many other drivers.

Having so many different company options, it can be challenging to locate the right insurer.

This information will help educate you on the best way to quote coverages and some tips to save money. If you currently have a car insurance policy, you will be able to reduce your rates substantially using this information. Although drivers can benefit by having an understanding of how big insurance companies sell insurance online and take advantage of how the system works.

Chevy Lumina rate determination is complex

It’s important that you understand the rating factors that come into play when calculating the rates you pay for auto insurance. Knowing what determines base rates helps enable you to make changes that can help you get better auto insurance rates.

The list below includes a partial list of the pieces that factor into your rates.

  • Women pay lower rates – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. Both sexes are in accidents at a similar rate, but men cause more damage and cost insurance companies more money. Men also have more aggressive citations like DUI and reckless driving.
  • Adjust deductibles and save – Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your Chevy. A few examples of covered claims are colliding with a building, vandalism, and windstorm damage. Your deductibles are how much you are willing to pay before a claim is paid by your company. The more you have to pay, the lower your rates will be on Lumina insurance.
  • Cautious drivers pay less – Your driving record has a lot to do with how much you pay for insurance. Even a single speeding ticket can bump up the cost twenty percent or more. Drivers who don’t get tickets have lower premiums compared to drivers with tickets. Drivers who get flagrant violations such as DUI or reckless driving may be required to submit a SR-22 form with the DMV in their state in order to keep their license.
  • More than one policy can earn a discount – Some insurers provide better rates to policyholders who have multiple policies with them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. Even though this discount sounds good, you still need to comparison shop to make sure you are getting the best deal.
  • More miles equals more premium – The more miles you rack up on your Chevy in a year’s time the higher your rates will be. Almost all companies charge to insure your cars based on how the vehicle is used. Cars that are left in the garage receive lower rates as compared to vehicles used primarily for driving to work. Having the wrong rating on your Lumina may be wasting your money. Verify your auto insurance policy shows how each vehicle is driven, because improper ratings can cost you money.

Cut prices on Chevy Lumina insurance

Insurance can be prohibitively expensive, but you can get discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you get a quote, but a few need to be specifically requested in order for you to get them.

  • Multiple Policy Discount – When you combine your home and auto insurance with the same company you may save at least 10% off all policies.
  • Driver Safety – Taking a driver safety course could cut 5% off your bill depending on where you live.
  • Discount for Swiching Early – Some insurance companies reward drivers for signing up before your current expiration date. The savings is around 10%.
  • Student in College – Any of your kids who live away from home and do not have a car can be insured at a reduced rate.
  • Senior Citizens – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums on Lumina insurance.

Consumers should know that some of the credits will not apply to the entire cost. Most only cut individual premiums such as physical damage coverage or medical payments. Just because you may think all the discounts add up to a free policy, companies don’t profit that way. Any qualifying discounts will cut the amount you have to pay.

For a list of providers offering insurance coverage discounts, click here to view.

The fine print in car insurance ads

Car insurance providers like Progressive, Allstate and Geico continually stream television and radio advertisements. They all have a common claim about savings after switching your coverage to them. How does each company claim to save you money? It’s all in the numbers.

Different companies have a preferred profile for the right customer that makes them money. For instance, a profitable customer could be over the age of 40, insures multiple vehicles, and has a high credit rating. Any driver who matches those parameters will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who don’t qualify for these standards will be charged a more expensive rate which leads to the customer not buying. The ad wording is “customers who switch” not “everybody who quotes” save that kind of money. That is how insurance companies can confidently make those claims.

That is why drivers must compare as many rates as you can. You cannot predict the company that will have the lowest Chevy Lumina insurance rates.

Tailor your coverage to you

When it comes to buying the right insurance coverage for your personal vehicles, there really is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions might point out whether or not you may require specific advice.

  • Is my Chevy Lumina covered if I use it for business?
  • Can I afford to pay high deductible claims out of pocket?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Does medical payments coverage apply to all occupants?
  • Should I get collision insurance on every vehicle?
  • How much liability do I need to cover my assets?
  • Is rental equipment covered for theft or damage?
  • Am I missing any policy discounts?
  • How high should my uninsured/underinsured coverage be in my state?
  • Who is covered when they drive my 1995 Chevy Lumina?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Specific coverage details

Knowing the specifics of a car insurance policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average car insurance policy.

Comprehensive insurance

This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, damage from getting keyed and theft. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Lumina.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for surgery, dental work and prosthetic devices. They are often used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Liability car insurance

Liability coverage will cover damage that occurs to other people or property. This coverage protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like structural damage, court costs, bail bonds and legal defense fees. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Collision insurance

Collision coverage will pay to fix damage to your Lumina from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, backing into a parked car, sustaining damage from a pot hole, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Saving money makes a lot of cents

When you buy insurance online, it’s a bad idea to buy less coverage just to save a little money. There are a lot of situations where an insured dropped uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage at an affordable rate.

Lower-priced 1995 Chevy Lumina insurance is attainable from both online companies in addition to many insurance agents, so you should be comparing quotes from both to get a complete price analysis. A few companies do not provide the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

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