How Much Does 1992 Chevrolet Lumina Insurance Cost?

Scraping up a payment for pricey Chevrolet Lumina insurance can bleed your personal savings and possibly require postponing other expenditures. Companies like Geico, Farmers Insurance and State Farm all claim big savings, bombarding you with ads and it is difficult to ignore the promise of big savings and find the best price available.

How to compare insurance coverage quotes

Getting a cheap price on 1992 Chevy Lumina insurance is an easy way to save money. The only thing you need to do is take a couple of minutes getting comparison quotes to discover which company has cheaper car insurance quotes. It is quite easy and can be accomplished in just a few minutes using one of these methods.

• The easiest and least time consuming way to get quotes for comparison would be an industry-wide quote request form (click to open form in new window). This type of form prevents you from having to do separate quotes for each company you want a rate for. A single, simple form will return quotes instantly.
• A less efficient way to analyze rates requires you to visit each company’s website to complete a price quote. For instance, let’s say you want to compare prices for Nationwide, Geico and Farmers. In order to get each rate, you would have to spend time going to each site individually and enter your policy data, which can be really labor intensive. For a list of links to companies insuring cars in your area, click here.

Take whichever approach you prefer, but try to use the same quote data with every price quote. If you use higher or lower deductibles you can’t possibly make a fair comparison for your Chevy Lumina.

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Are you qualifying for every discount?

Car insurance companies do not advertise every discount in an easy-to-find place, so the list below contains a few of the more well known and also the lesser-known auto insurance savings.

• Defensive Driving Course – Passing a defensive driving class may get you a small discount and easily pay for the cost of the class.
• New Car Discount – Insuring a new car is cheaper because newer vehicles are generally safer.
• Own a Home and Save – Owning your own home or condo can get you a discount since home ownership demonstrates responsibility.
• Military Discounts – Being on active duty in the military could mean lower rates.
• Multiple Cars – Drivers who insure several vehicles with the same auto insurance company can get a discount for every vehicle.

Policy discounts save money, but most credits do not apply to all coverage premiums. Most only cut individual premiums such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, you won’t be that lucky.

Insurance companies that may include these benefits may include but are not limited to:

• Farm Bureau
• Liberty Mutual
• State Farm
• Auto-Owners Insurance
• Geico
• SAFECO

When comparing rates, check with each company how you can save money. Savings may not apply to policies in your area. To locate insurance companies that have a full spectrum of discounts, click here.

When in doubt talk to an agent

When it comes to choosing the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique so your insurance needs to address that. These are some specific questions can aid in determining whether your personal situation would benefit from an agent’s advice.

• How can I get my company to pay me more for my totalled car?
• What can I do if my company denied a claim?
• Does having multiple vehicles earn me a discount?
• Does my policy pay for OEM or aftermarket parts?
• How do I insure my teen driver?
• Can I get a multi-policy discount for packaging my home and auto coverage?
• What is PIP insurance?
• Can my babysitter drive my car?
• Is upholstery damage covered by car insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Learn about insurance coverages for a 1992 Chevy Lumina

Having a good grasp of your insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages offered by insurance companies.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as rolling your car, sideswiping another vehicle, hitting a mailbox, backing into a parked car and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive coverages

This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as falling objects, theft, hitting a bird, rock chips in glass and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured and underinsured coverage

This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include 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 limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.

Auto liability

This protects you from injuries or damage you cause to people or other property that is your fault. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 which stand for a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against claims such as structural damage, funeral expenses, emergency aid and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as rehabilitation expenses, dental work, ambulance fees and X-ray expenses. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

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Have the Midas touch

When trying to cut insurance costs, it’s very important that you do not skimp on critical coverages to save a buck or two. There are many occasions where someone sacrificed liability coverage limits and discovered at claim time that the few dollars in savings costed them thousands. Your goal should be to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.

Affordable 1992 Chevy Lumina insurance is possible from both online companies and from local insurance agents, so you should be comparing quotes from both to have the best selection. A few companies don’t offer internet price quotes and many times these smaller providers work with independent agents.

More resources

• How to Avoid Staged Accidents (State Farm)
• Crash Avoidance Technologies FAQ (iihs.org)
• Bodily Injury Coverage (Liberty Mutual)
• Cellphones, Texting and Driving (iihs.org)
• Comprehensive Coverage (Liberty Mutual)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)

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