Lower Your 2001 Oldsmobile Alero Insurance Rates

Drivers have many options when trying to find the lowest priced Oldsmobile Alero insurance. They can either spend hours driving around trying to get quotes or utilize the internet to find the lowest rates.

There are both good and bad ways to buy insurance and you need to know the absolute fastest way to compare rates for your Oldsmobile and obtain the lowest price either online or from local insurance agents.

It’s a great practice to shop coverage around periodically since rates trend upward over time. Just because you found the best price on Alero coverage last year you can probably find a lower rate today. There is a lot of bad advice regarding insurance on the internet, so with this article, you’re going to get some proven techniques to put money back in your pocket.

Take discounts and save

Insuring your fleet can be pricey, but you may find discounts that many people don’t even know exist. A few discounts will automatically apply at quote time, but a few must be requested specifically before being credited. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates on Alero coverage than their less cautious counterparts.
  • Anti-theft System – Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
  • Bundle and Save – If you have multiple policies with one company you may earn 10% to 20% off each policy.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. The discount lasts until age 25.
  • Passive Restraints – Cars that have air bags may earn rate discounts of more than 20%.
  • Discount for Life Insurance – Larger companies have lower rates if you buy life insurance.
  • No Claims – Good drivers with no accidents can earn big discounts compared to frequent claim filers.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Oldsmobile could qualify for discounted rates on garaged vehicles.

Drivers should understand that some of the credits will not apply to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. So despite the fact that it appears adding up those discounts means a free policy, you’re out of luck. But all discounts will help reduce the cost of coverage.

Companies that may have some of the above discounts are:

Before buying, ask all companies you are considering what discounts are available to you. All car insurance discounts may not apply in every state.

Compare the Market for Insurance Coverage

There are several ways to shop for Oldsmobile Alero insurance coverage, and some are less labor-intensive and much quicker. You could spend your day talking to insurance companies in your area, or you can utilize the web to achieve your goal.

The majority of car insurance companies belong to a marketplace where insurance shoppers submit their information once, and at least one company returns a competitive quote for coverage. This prevents consumers from doing form submissions to each individual insurance coverage company.

To find out how much you’re overpaying now click here to start a free quote.

The only downside to using this type of system is you don’t know exactly which carriers you want pricing from. So if you prefer to choose specific providers to compare prices, we put together a list of the cheapest insurance coverage companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just compare identical information on every quote. If you enter different deductibles it will be very difficult to determine which rate is truly the best.

Oldsmobile Alero insurance rates consist of many parts

It’s important that you understand the factors that come into play when calculating insurance rates. Understanding what determines base rates helps enable you to make changes that will entitle you to much lower annual insurance costs.

The list below includes some of the items that factor into prices.

  • Extra coverages can waste money – There are quite a few extra bells and whistles that you can get tricked into buying on your insurance policy. Insurance for vanishing deductibles, accidental death and membership fees may be costing you every month. They may seem like a good idea initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • High crash test scores lower rates – Cars with high safety ratings get lower rates. These vehicles reduce injuries and better occupant protection translates into fewer and smaller insurance claims and thus lower rates. If your Oldsmobile Alero earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
  • Being married can save on insurance – Being married helps lower the price on your insurance policy. Marriage usually means you are more mature than a single person and it’s statistically proven that drivers who are married are more cautious.
  • More claims means more premium – If you file claims often, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance companies award discounts to people who are claim-free. Auto insurance is meant to be used in the event of the large, substantial claims.
  • The more you drive the more you pay – The more you drive each year the higher your rates will be. Almost all companies charge to insure your cars based on their usage. Cars and trucks that are left in the garage can get a lower rate compared to those used for work or business. If your policy improperly rates your Alero may be wasting your money. Verify your insurance policy is rated on the correct driver usage, because it can save money.
  • Lower rates come with age – Teenage drivers are known to be less responsible when behind the wheel so insurance rates are higher. Older insureds tend to be more responsible, file fewer claims and tend to be better behind the wheel.

Which policy gives me the best coverage?

When choosing coverage for your personal vehicles, there is no cookie cutter policy. Every situation is different.

For example, these questions may help highlight if your insurance needs could use an agent’s help.

  • Do I need replacement cost coverage?
  • Is rental equipment covered for theft or damage?
  • When can my company non-renew my policy?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I need to file an SR-22 for a DUI in my state?
  • Am I covered when using my vehicle for business?
  • Am I covered when driving a rental car?
  • Am I covered when driving on a suspended license?
  • What discounts do I qualify for?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Can you really save $430 a year?

Consumers can’t ignore all the ads that promise big savings from the likes of Progressive, Geico, Allstate and State Farm. All the ads make an identical promise of big savings if you switch your coverage to them.

How do they all make the same claim? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of customer that makes them money. An example of a desirable insured might be a mature driver, owns a home, and drives newer vehicles. Any driver who fits that profile will get the preferred rates and therefore will save when they switch companies.

Drivers who are not a match for the “perfect” profile will be quoted higher prices and this can result in business not being written. The ad wording is “customers who switch” but not “drivers who get quotes” save that kind of money. That’s the way insurance companies can confidently state the savings.

This emphasizes why it is so important to quote coverage with many companies. Because you never know the company that will have the lowest Oldsmobile Alero insurance rates.

Specifics of your insurance policy

Having a good grasp of insurance can help you determine the best coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

UM/UIM Coverage – This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Auto liability – Liability insurance provides protection from damage or injury you incur to a person or their property by causing an accident. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like repair bills for other people’s vehicles, medical services, medical expenses, pain and suffering and repair costs for stationary objects. How much liability should you purchase? That is up to you, but buy as much as you can afford.

Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as hitting a mailbox, scraping a guard rail, rolling your car and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision – This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, a tree branch falling on your vehicle, damage from flooding, fire damage and rock chips in glass. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance – Medical payments and Personal Injury Protection insurance kick in for expenses such as ambulance fees, chiropractic care, nursing services and pain medications. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

More quotes mean more savings

Low-cost 2001 Oldsmobile Alero insurance is definitely available from both online companies and with local insurance agents, so compare prices from both so you have a total pricing picture. A few companies do not offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

Throughout this article, we presented many ideas to save on insurance. The key concept to understand is the more companies you get rates for, the better your comparison will be. Consumers could even find that the best price on car insurance is with a company that doesn’t do a lot of advertising.

When trying to cut insurance costs, make sure you don’t sacrifice coverage to reduce premiums. In many instances, consumers will sacrifice liability coverage limits only to regret at claim time that they should have had better coverage. Your strategy should be to get the best coverage possible at a price you can afford.

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