Searching for better insurance prices for your Oldsmobile LSS can normally be an all-consuming task, but you can learn our auto insurance buying tips to save time.
There are more efficient ways to buy auto insurance so we’re going to tell you the quickest way to get price quotes for your Oldsmobile and find the best price possible from both online companies and local agents.
Consumers need to compare prices before your policy renews due to the fact that insurance rates change regularly. Even if you got the lowest price for LSS coverage six months ago you may be paying too much now. You can find a lot of misleading information regarding auto insurance on the web, but I’m going to show you the best ways to stop overpaying for insurance.
Comparison of Auto Insurance
There are several ways to compare rate quotes from auto insurance companies in your area. The best method to find competitive Oldsmobile LSS insurance rates consists of obtaining rate quotes online. This can be done in several different ways.
- One of the best ways to get quotes for comparison is to use a rate comparison form click to view form in new window. This easy form saves time by eliminating repetitive form submissions for every auto insurance company. Completing one form gets rate comparisons instantly. Recommended for those who want to invest the least amount of time.
- A more difficult way to get quotes online requires a trip to each individual company website to request a price quote. For examples sake, let’s say you want comparison quotes from State Farm, Liberty Mutual and Farmers. To get each rate you have to go to every website to enter your coverage information, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.
- The hardest method to get comparison rates is driving to different agent offices. The internet makes this process obsolete unless you require the personal advice of a licensed agent. Drivers can compare online quotes and get advice from an agent in your area and we’ll talk about that later.
It’s up to you which method you use, but be sure to compare identical coverages for each comparison quote. If your comparisons have differing limits you can’t possibly truly determine the lowest rate. Having just a slight variation in limits can make a big difference in price. It’s important to know that more quotes will increase your chances of finding the best price.
Be sure to get all your discounts
The price of auto insurance can be rather high, buy you may qualify for discounts to reduce the price significantly. Certain discounts will be applied when you get a quote, but less common discounts must be manually applied in order for you to get them.
- Distant Student – Youth drivers who live away from home and don’t have a car may be able to be covered for less.
- Paperwork-free – A handful of insurance companies give back up to $50 simply for signing on their website.
- Memberships – Participating in a qualifying organization is a good way to get lower rates on auto insurance for LSS coverage.
- Auto/Home Discount – If you have multiple policies with one company you could get a discount of up to 20% off your total premium.
- 55 and Retired – Mature drivers may qualify for reduced rates for LSS coverage.
Consumers should know that most discount credits are not given the the whole policy. Some only apply to the cost of specific coverages such as comprehensive or collision. Just because you may think it’s possible to get free car insurance, it just doesn’t work that way. But any discount will reduce the cost of coverage.
Quote online but still have a local agent
A small number of people prefer to buy from a licensed agent and that is a personal choice. The biggest benefit of comparing rates online is that you can obtain the best rates and still choose a local agent. And supporting small agencies is especially important in smaller rural communities.
To make it easy to find an agent, after completing this simple form, your insurance coverage information is sent to insurance agents who will compete for your business. You never need to leave your house as quotes are delivered directly to your email. Now that’s easy! You can find the lowest rates AND a local agent.
Two different types of insurance agencies
When finding an insurance agent, you need to know there are two different agency structures to choose from. Insurance agencies are either captive or independent.
Independent Agencies or Brokers
Independent agencies are not employed by any specific company but instead can place your coverage with lots of companies enabling the ability to shop coverage around. To transfer your coverage to a different company, they simply move the coverage in-house and you don’t have to find a new agent. When searching for an agent, it’s recommended you get quotes from at a minimum one independent agency to ensure the widest selection of prices. They often place coverage with smaller regional carriers who may have lower rates.
Captive Agents
Captive agents write business for a single company like AAA, Allstate, State Farm, Farmers Insurance or Liberty Mutual. They generally cannot compare other company’s rates so they have no alternatives for high prices. Captive agents are very knowledgeable on their company’s products which helps them sell insurance even at higher premiums. Some people will only choose to use a captive agent primarily because of loyalty to the company and strong financial ratings.
For a full directory of agencies, click here.
Selecting an insurance agency shouldn’t rely on just a low price. Ask your prospective agent these questions:
- Are there any discounts that you might be missing?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Are claim adjusters local or do you have to take your car somewhere else?
- If your car is totalled, how to they determine the replacement cost?
- Do they specialize in personal lines coverage?
- Can glass repairs be made at your home?
- If you have an accident, will your rates go up?
Upon getting good answers to all your questions as well as a affordable price, you have narrowed it down to a car insurance agent that is a good match to adequately provide auto insurance.
You may need specialized coverage
When buying proper insurance coverage, there really is no best way to insure your cars. Every situation is different.
Here are some questions about coverages that might point out whether or not you will benefit from professional help.
- Do I need PIP (personal injury protection) coverage in my state?
- Which companies will insure high-risk drivers?
- Should I file a claim if it’s only slightly more than my deductible?
- Am I covered if I drive in a foreign country?
- Is business property covered if stolen from my car?
- Should I sign the liability waiver when renting a car?
- Is a new car covered when I drive it off the dealer lot?
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form.
What determines your Oldsmobile LSS insurance premium
Consumers need to have an understanding of the rating factors that help determine the price you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that can help you get better auto insurance rates.
- Do men or women drive better? – Statistics show that women are safer drivers than men. However, don’t assume that women are better drivers. They both have accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations such as reckless driving.
- Do you qualify for a multi-policy discount? – Many insurance companies will give a discount to customers who consolidate policies with them in the form of a multi-policy discount. Even with this discount, you still need to comparison shop to verify if the discount is saving money.
- Occupation reflects on rates – Careers like judges, business owners and stock brokers have the highest rates in part from high stress and lots of time spent at work. On the other hand, occupations such as farmers, students and the unemployed get better rates for LSS coverage.
- A lapse in coverage is a bad thing – Driving without insurance can get your license suspended and you will pay a penalty because you let your coverage have a gap. Not only will you pay more, but being ticketed for driving with no insurance can result in a steep fine or even jail time.You may then be required to prove you have insurance by filing a SR-22 with your state DMV.
- Performance makes a difference – The performance level of the car you drive makes a huge difference in determining your rates. The lowest rates tend to be for low performance passenger cars, but there are many factors that impact the final cost. Since the Oldsmobile LSS is a sedan, insurance will be about the same compared to average rates.
Quote often and quote early
We covered many tips how you can reduce Oldsmobile LSS insurance prices online. It’s most important to understand that the more providers you compare, the higher your chance of finding lower rates. Consumers may even find the best price on auto insurance is with a small local company.
As you go through the steps to switch your coverage, you should never reduce coverage to reduce premium. There are a lot of situations where consumers will sacrifice collision coverage and discovered at claim time that it was a big error on their part. Your strategy should be to buy the best coverage you can find at an affordable rate, not the least amount of coverage.
Insureds change insurance companies for many reasons like extreme rates for teen drivers, denial of a claim, an unsatisfactory settlement offer and being labeled a high risk driver. No matter why you want to switch, choosing a new company is pretty simple and you could end up saving a buck or two.
