View 1996 Chevrolet Lumina Insurance Cost

Searching for cheaper insurance rates for your Chevrolet Lumina? Locating cheaper insurance for your Chevy Lumina could be a painful process, but you can learn a few tricks and make it easy.

There are both good and bad ways to buy insurance so you’re going to learn the best way to quote coverages for a new or used Chevy and find the lowest possible price either online or from local insurance agents.

Consumers need to compare prices periodically since rates change quite often. Even if you got the best deal on Lumina coverage two years ago you can probably find a lower rate today. Starting right now, forget anything you know (or think you know) about insurance because you’re going to get a crash course in the best methods to properly buy coverages and cut your premium.

Are you getting all your discounts?

Insuring your fleet can be pricey, but companies offer discounts that you may not even be aware of. A few discounts will automatically apply when you get a quote, but lesser-known reductions have to be inquired about before you will receive the discount. If you aren’t receiving every discount you qualify for, you are paying more than you should be.

  • Discount for Swiching Early – Some companies give discounts for signing up prior to your current policy expiration. The savings is around 10%.
  • New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
  • Lower Rates for Military – Having a deployed family member could be rewarded with lower premiums.
  • Paperless Signup – Certain companies will discount your bill up to fifty bucks simply for signing online.
  • Payment Method – If you pay your bill all at once rather than paying monthly you could save 5% or more.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of 10% to 20% off each policy.

Keep in mind that most credits do not apply to the entire cost. Some only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears it’s possible to get free car insurance, insurance coverage companies aren’t that generous. But all discounts will help reduce the cost of coverage.

Car insurance companies who might offer these discounts are:

Check with each insurance company what discounts are available to you. All car insurance discounts might not apply in your state.

Tailor your coverage to you

When buying proper insurance coverage, there is no one size fits all plan. Every insured’s situation is different.

For instance, these questions may help highlight whether your personal situation will benefit from professional help.

  • Is motorclub coverage worth it?
  • Do I really need UM/UIM coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • How can I get high-risk coverage after a DUI?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Should I sign the liability waiver when renting a car?
  • Are all vehicle passengers covered by medical payments coverage?
  • What is the difference between comprehensive and collision coverage?
  • How much liability do I need to cover my assets?

If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Can you really save that much by switching?

Consumers can’t get away from ads for car insurance savings by State Farm and Allstate. They all make the same claim of big savings if you move to their company.

How can each company make almost identical claims?

Different companies have a preferred profile for the right customer they prefer to insure. For example, a desirable insured might be between the ages of 30 and 50, a clean driving record, and chooses high deductibles. A customer who fits that profile will qualify for the lowest rates and therefore will pay quite a bit less when switching companies.

Drivers who fall outside these standards must pay higher rates which usually ends up with business not being written. The ads say “customers that switch” not “people who quote” save that much money. That’s the way companies can truthfully state the savings.

This illustrates why you absolutely need to compare as many rates as you can. It’s impossible to know which auto insurance company will give you the biggest savings on Chevy Lumina insurance.

Car insurance coverage breakdown

Learning about specific coverages of a car insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Auto liability – This coverage provides protection from damage that occurs to other people or property in an accident. This coverage protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like structural damage, loss of income, repair bills for other people’s vehicles, medical expenses and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your 1996 Chevy Lumina.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive insurance – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as damage from flooding, a tree branch falling on your vehicle and rock chips in glass. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for bills for things like hospital visits, EMT expenses and nursing services. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible

Collision coverage – This pays for damage to your Lumina resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like backing into a parked car, damaging your car on a curb, rolling your car and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

A tidy conclusion

Consumers leave their current company for any number of reasons including not issuing a premium refund, denial of a claim, high rates after DUI convictions or extreme rates for teen drivers. It doesn’t matter what your reason, choosing a new company is easier than you think.

When buying insurance coverage, make sure you don’t buy less coverage just to save a little money. In too many instances, an insured dropped liability limits or collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

Cost effective 1996 Chevy Lumina insurance is attainable both online and with local insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance providers do not offer the ability to get a quote online and most of the time these small, regional companies sell through independent agents.

Additional car insurance information is located on the following sites: