Scraping up a payment for overpriced Chevrolet Caprice insurance can overdraw your personal savings and force you to make sacrifices. Comparing price quotes is a great way to tighten up your finances. Companies like Allstate, Progressive and GEICO persitently shower you with ad campaigns and it can be hard to not get sucked in by the cute commercials and take the time to shop coverage around.
Comparison of Auto Insurance
Comparing auto insurance rates is a ton of work if you don’t know the easiest way. You could waste a few hours driving to local insurance agents in your area, or you could use the internet for quick rates.
Many insurance companies participate in an industry program that allows shoppers to enter their coverage request one time, and each company then returns a price quote. This saves time by eliminating quote forms to each individual auto insurance company. To compare rates now click to open in new window.
The one downside to pricing coverage this way is you can’t choose the companies you will receive quotes from. If you wish to select specific insurance companies to receive pricing from, we put together a list of companies who write auto insurance in your area. View list of insurance companies.
It’s your choice how you get your quotes, but double check that you are using the exact same coverage limits and deductibles for every company. If you use different liability limits you can’t possibly find the best deal for your Chevy Caprice.
Switch companies and save? Really?
Consumers can’t ignore all the ads for cheaper car insurance by Allstate, GEICO and Progressive. They all seem to say the same thing that you’ll save big if you change to their company.
How does each company make almost identical claims? This is how they do it.
Different companies can use profiling for the right customer that earns them a profit. For instance, a driver they prefer might be profiled as between 30 and 50, owns a home, and has a short commute. A customer who matches those parameters will qualify for the lowest rates and most likely will save quite a bit of money when switching.
Consumers who fall outside the requirements will be quoted more money which leads to business not being written. The ads say “drivers who switch” not “people who quote” save money. That is how companies can truthfully state the savings. This emphasizes why drivers must get a wide range of price quotes. It is impossible to predict which company will provide you with the cheapest rates.
Take advantage of discounts
Companies don’t always publicize every discount very clearly, so we break down both well-publicized and the harder-to-find savings tricks you should be using. If you’re not getting every credit possible, you’re paying more than you need to.
- Anti-theft System – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- Military Discounts – Having a family member in the military could mean lower rates.
- Good Students Pay Less – Performing well in school can be rewarded with saving of up to 25%. Earning this discount can benefit you up until you turn 25.
- Drive Safe and Save – Safe drivers may receive a discount up to 45% less on Caprice insurance than drivers with accident claims.
- Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
- Accident Forgiveness – A few companies will allow you to have one accident before your rates go up as long as you don’t have any claims for a particular time prior to the accident.
- Early Signing – Select companies give a discount for buying a policy before your current expiration date. This can save 10% or more.
- Anti-lock Brake System – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school.
A little note about advertised discounts, some credits don’t apply to your bottom line cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, it doesn’t quite work that way.
For a list of insurers with discount auto insurance rates, follow this link.
But I prefer to buy car insurance from an agent
A small number of people would prefer to buy from a local agent and that is just fine! Good agents can point out coverage gaps and give you peace of mind. One of the great benefits of price shopping on the web is you can get the lowest rates and still have an agent to talk to.
By using this short form, the coverage information is immediately sent to agents in your area who will battle for your coverage. You won’t need to visit any agencies due to the fact that quote results will go to the email address you provide.
Choosing a company should depend on more than just the bottom line cost. These questions are important to ask:
- Do the coverages you’re quoting properly cover your vehicle?
- Can glass repairs be made at your home?
- How long has their agency been open?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do the companies they represent have a solid financial rating?
To view a list of agents in your state to contact, click here.
After receiving answers to your satisfaction and an acceptable price quote, chances are good that you have found an insurance company that can service your policy. But remember, policyholders can cancel your policy any time you want so never feel you are locked into the auto insurance policy for the entire policy term.
Auto insurance 101
Learning about specific coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement. These are the usual coverages found on most auto insurance policies.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Caprice.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.
Auto liability insurance
Liability coverage protects you from damages or injuries you inflict on people or other property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability can pay for things such as medical expenses, medical services, court costs and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive coverage
This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as hitting a deer, hitting a bird, fire damage and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses like funeral costs, rehabilitation expenses, X-ray expenses, surgery and chiropractic care. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states and may carry a deductible
Collision coverage protection
This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for claims like hitting a mailbox, rolling your car, damaging your car on a curb, colliding with a tree and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.
Final thoughts
When trying to cut insurance costs, never buy less coverage just to save a little money. There are many occasions where someone dropped uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. The aim is to purchase plenty of coverage at a price you can afford.
In this article, we presented a lot of information how to save on Chevy Caprice insurance. The key concept to understand is the more you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from the least-expected company. Some small companies often have lower prices on specific markets than the large multi-state companies such as State Farm or Progressive.
