Searching for low-cost insurance for a new or used Oldsmobile Cutlass can be a lot of work, but you can use these tips to save time. There is a better way to shop for auto insurance so we’re going to tell you the proper way to compare rates for a Oldsmobile and locate the best price possible from local insurance agents and online providers.
The most recommended method to compare car insurance company rates utilizes the fact auto insurance companies actually pay money for the chance to compare rate quotes. To get started, all you need to do is give the companies some data like if a SR-22 is needed, whether you are single or married, distance driven, and your general credit rating. Your insurance information is submitted instantly to multiple companies and you should receive rate quotes within a short period of time.
To start a rate quote now, click here and find out if you can get cheaper insurance.
Why you might not save $412 a year
Auto insurance companies such as 21st Century, Allstate and State Farm continually stream ads on TV and radio. They all seem to convey the message that you’ll save big just by switching to them. Is it even possible that every company can charge less that you’re paying now? It’s all in the wording.
Insurance providers look for specific characteristics for the type of customer that will be a good risk. For instance, a preferred risk might be described as between 25 and 40, has few claims, and chooses high deductibles. Anyone that meets those criteria may get the lowest premium rates and as a result will probably save a lot of money.
People who don’t measure up to this ideal profile may be forced to pay higher prices with the end result being the customer buying from someone else. If you listen closely, the ads state “drivers who switch” but not “all drivers who get quotes” can save as much as they claim. This is how insurance companies can make those statements. Because each company has a different risk profile, you really should get price quotes at each policy renewal. Because you never know the company that will give you the biggest savings.
Seven factors that affect insurance rates
When buying auto insurance it’s important to understand some of the elements that are used to determine the level of your policy premiums. When you understand what impacts premium levels, this enables you to make decisions that could help you find big savings. Many factors are used in the calculation when you get a price on insurance. Some of the criteria are obvious such as your driving history, but some are not quite as obvious such as your credit history or your vehicle rating.
- Allowing your policy to lapse raises premiums – Having a lapse in insurance coverage can be a guaranteed way to increase your renewal premiums. Not only will rates go up, not being able to provide proof of insurance may result in fines and jail time.
- Premiums are affected by your credit history – Having a bad credit score is a big factor in calculating your premium rate. Insureds with very good credit scores tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. If your credit history leaves room for improvement, you could save money insuring your Oldsmobile Cutlass if you clean up your credit.
- Remove unneeded add-on coverages – Insurance policies have a lot of extra add-on coverages that sound like a good idea at the time on your auto insurance policy. Coverages like replacement cost coverage, towing coverage, and extra life insurance coverage are some examples. They may sound like good ideas when talking to your agent, but your needs may have changed so consider taking them off your policy.
- Good drivers pay less – Your driving record has a huge affect on how much you pay. Getting just one citation may cause rates to rise by as much as twenty percent. Careful drivers pay less for auto insurance than their less careful counterparts. People who have multiple violations such as reckless driving, hit and run or driving under the influence may find they need to complete a SR-22 with their state motor vehicle department in order to drive a vehicle legally.
- Location can impact price – Being located in small towns and rural areas can save you money when talking about auto insurance. Fewer people means fewer accidents and lower theft and vandalism rates. Residents of big cities have to deal with traffic congestion and more time behind the wheel. Longer commute distances can result in more accidents.
- Performance impacts premiums – The type of vehicle you are trying to find cheaper insurance for makes a big difference in determining your rates. The cheapest rates will generally be found on smaller low performance passenger models, but the final cost of insurance is determined by many other factors. Due to the fact that the Oldsmobile Cutlass falls in the coupe class, insurance will be similar in price as compared to the average rate.
- Lower premiums by staying claim free – Companies provide the lowest premiums to people who only file infrequent claims. If you are the type of insured that files lots of claims you can expect either a policy non-renewal or much higher rates. Insurance coverage is designed for more catestrophic claims.
Earn discounts on auto insurance
Not many people think insurance is cheap, but there are discounts available that can drop the cost substantially. A few discounts will automatically apply at the time of purchase, but a few must be asked about before you will receive the discount.
- Theft Deterent Discount – Cars, trucks, and SUVs that have factory anti-theft systems are stolen with less frequency and qualify for as much as a 10% discount.
- No Charge for an Accident – Not necessarily a discount, but certain companies allow you one accident before they charge you more for coverage if you have no claims prior to the accident.
- Seat Belt Discounts – Using a seat belt and requiring all passengers to fasten their seat belts can save 10% or more on medical payment and PIP coverage.
- New Car Discount – Insuring a vehicle that is new can cost up to 25% less because new vehicles are generally safer.
- Good Students Pay Less – Being a good student can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
- Low Miles Discount – Fewer annual miles on your Oldsmobile may enable drivers to earn lower prices on the low mileage vehicles.
- College Student Discount – Children who are attending college and do not have access to a covered vehicle may be insured at a cheaper rate.
- No Accidents – Insureds who avoid accidents and claims are rewarded with significantly better rates on when compared with accident-prone drivers.
Remember that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like comp or med pay. Even though the math looks like all the discounts add up to a free policy, it doesn’t quite work that way.
If you would like to see a list of insurers that can offer you the previously mentioned discounts, click here to view.
And the best auto insurance company is…
As you , it’s very important that you do not buy poor coverage just to save money. There are too many instances where an accident victim reduced uninsured motorist or liability limits only to find out that it was a big mistake. Your focus should be to get the best coverage possible at the best price while still protecting your assets.
Lower-priced auto insurance is attainable on the web as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some companies may not offer online quoting and these smaller companies work with independent agencies.
People who switch companies do it for a number of reasons such as denial of a claim, not issuing a premium refund, unfair underwriting practices and even policy non-renewal. It doesn’t matter why you want to switch switching companies can be pretty painless.
