2000 Chevrolet Lumina Car Insurance Quotes – 5 Ways to Save

No one likes having to buy car insurance, particularly when the cost is way too high. Insurance companies such as State Farm, Farmers Insurance, Geico and Allstate all promote huge savings with fancy advertisements and consumers find it hard to ignore the promise of big savings and do the work needed to find the best deal.

It’s a great practice to shop coverage around every six months because insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the best rates on Lumina coverage two years ago you can probably find a lower rate today. So ignore everything you know about car insurance because you’re going to get a crash course in one of the quickest ways to properly buy coverages and cut your premium.

If you have a policy now or need a new policy, you can use this information to find better prices while maintaining coverages. Choosing the best insurance company for you is quite easy. Consumers only need an understanding of how to buy insurance coverage over the internet.

Are you getting all your discounts?

Insuring your fleet can be pricey, but there could be available discounts to help bring down the price. Some trigger automatically at the time of quoting, but some may not be applied and must be specifically requested before you get the savings. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Discount for Swiching Early – Select companies give a discount for signing up prior to your current policy expiration. The savings is around 10%.
  • Accident Free – Claim-free drivers can save substantially compared to drivers who are more careless.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class in school.
  • Federal Government Employee – Being employed by or retired from a federal job could cut as much as 10% off on Lumina coverage with certain companies.

Consumers should know that some credits don’t apply to your bottom line cost. The majority will only reduce specific coverage prices like liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, you’re out of luck. Any qualifying discounts will bring down the cost of coverage.

A partial list of companies that may have these benefits include:

Check with every prospective company which discounts they offer. All car insurance discounts might not be offered in your state.

Insurance ads bend the truth

Consumers can’t ignore all the ads that promise big savings from the likes of State Farm, Geico and Progressive. All the companies have a common claim about savings if you switch your coverage to them.

How do they all make the same claim? This is how they do it.

Insurance companies have a certain “appetite” for the right customer that earns them a profit. An example of a desirable insured might be over the age of 40, has no driving citations, and drives less than 7,500 miles a year. Any new insured that hits that “sweet spot” gets the lowest rates and most likely will cut their rates substantially.

Potential insureds who are not a match for the requirements will have to pay a more expensive rate and ends up with the customer not buying. The ads state “customers who switch” but not “drivers who get quotes” save that kind of money. That’s why companies can truthfully advertise the way they do.

Because of the profiling, you need to get quotes from several different companies. It’s just too difficult to predict the company that will have the lowest Chevy Lumina insurance rates.

When might I need an agent?

When it comes to buying proper insurance coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that can aid in determining if you would benefit from professional advice.

  • Is motorclub coverage worth it?
  • Is a fancy paint job covered?
  • How can I get my company to pay me more for my totalled car?
  • Am I missing any policy discounts?
  • What is the minimum liability in my state?
  • Is my nanny covered when driving my vehicle?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Insurance coverages explained

Having a good grasp of insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find typical coverage types offered by insurance companies.

Comprehensive coverage (or Other than Collision) – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like hitting a bird, a tree branch falling on your vehicle, damage from a tornado or hurricane, damage from getting keyed and hitting a deer. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Lumina.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Liability coverages – Liability insurance will cover damages or injuries you inflict on other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as court costs, repair bills for other people’s vehicles and attorney fees. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Insurance for medical payments – Med pay and PIP coverage reimburse you for immediate expenses for chiropractic care, nursing services, hospital visits and ambulance fees. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision coverage – This pays for damage to your Lumina from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as backing into a parked car, colliding with a tree, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.

Buy online or local, you save

As you go through the steps to switch your coverage, it’s not a good idea to buy less coverage just to save a little money. There are a lot of situations where someone dropped physical damage coverage only to regret at claim time that it was a big mistake. The proper strategy is to buy enough coverage for the lowest price while still protecting your assets.

In this article, we presented some good ideas how to compare 2000 Chevy Lumina insurance prices online. The key concept to understand is the more companies you get rates for, the better your comparison will be. You may even find the lowest rates come from a small mutual company. These companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate, Geico and Progressive.

Additional information can be found at the links below