Cheap 2003 Chevrolet Monte Carlo Car Insurance Rates

High-priced car insurance can empty your accounts and put a big crunch on your finances. Doing a price comparison is recommended to make ends meet.

There are many auto insurance companies to pick from, and although it’s nice to have multiple companies, having more auto insurance companies makes it harder to find the lowest cost provider.

It is always a good idea to compare rates on a regular basis because insurance rates are usually higher with each renewal. Even if you think you had the best premium rates for Monte Carlo insurance a year ago you will most likely find a better price today. You can find a lot of information about car insurance on the internet, but we’re going to give you some good information on how to put money back in your pocket.

Insurance companies offer money-saving discounts

Some insurers don’t necessarily list all possible discounts very clearly, so the list below details a few of the more common in addition to some of the lesser obvious ways to save on insurance.

• Discounts for Safe Drivers – Drivers who avoid accidents can save up to 40% or more on their auto insurance quote for Monte Carlo insurance compared to accident prone drivers.
• Multiple Policy Discount – When you have multiple policies with the same company you may earn up to 20% and get you cheaper auto insurance.
• Telematics Discount – Insureds that choose to allow driving data submission to monitor their driving habits by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if they have good driving habits.
• Claim Free – Insureds with no claims or accidents have much lower rates when compared to insureds who have frequent claims or accidents.
• Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive so companies give up to a 10% discount.
• Discount for Passive Restraints – Cars that have air bags may qualify for discounts of up to 25% or more.
• Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better insurancerates if you take out auto and life insurance together.
• Good Students Pay Less – Maintaining excellent grades can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.
• Driver’s Education for Students – It’s a good idea to have your young drivers participate in a local driver’s education class in school.

Consumers should know that many deductions do not apply to the overall cost of the policy. Most only cut specific coverage prices like comp or med pay. So despite the fact that it appears you could get a free insurance policy, you’re out of luck.

A list of insurance companies and a partial list of their discounts are outlined below.

• Farm Bureau may offer discounts for youthful driver, multi-vehicle, multi-policy, good student, safe driver, 55 and retired, and driver training.
• State Farm policyholders can earn discounts including multiple autos, defensive driving training, Steer Clear safe driver discount, student away at school, driver’s education, and multiple policy.
• Progressive offers discounts for continuous coverage, multi-vehicle, online signing, good student, and multi-policy.
• Allstate may have discounts that include EZ pay plan discount, teenSMART discount, premier discount, senior citizen, multi-policy, economy car, and early signing.
• Nationwide offers premium reductions for Farm Bureau membership, defensive driving, multi-policy, accident-free, good student, anti-theft, and easy pay.
• MetLife has savings for claim-free, multi-policy, accident-free, good driver, defensive driver, good student

If you need lower rates, check with all the companies how you can save money. Some of the discounts discussed earlier may not be offered in your area. To see a list of insurers that offer the discounts shown above, click this link.

Do I just need basic coverages?

When choosing adequate coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions can aid in determining if your situation could use an agent’s help.

• Is a new car covered when I drive it off the dealer lot?
• Where can I find DUI or SR-22 insurance?
• Is my trailer covered?
• Do I have coverage when making deliveries for my home business?
• How many claims can I have before being cancelled?
• Is my 2003 Chevy Monte Carlo covered for flood damage?

If you can’t answer these questions, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Auto insurance coverage information

Understanding the coverages of your policy can be of help when determining appropriate coverage for your vehicles. Auto insurance terms can be confusing and coverage can change by endorsement. Shown next are typical coverages found on most auto insurance policies.

Collision insurance

This coverage pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as backing into a parked car, scraping a guard rail, crashing into a ditch, driving through your garage door and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2003 Chevy Monte Carlo.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.

Liability coverages

This coverage provides protection from injuries or damage you cause to people or other property. This insurance protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical expenses, pain and suffering, funeral expenses, repair costs for stationary objects and structural damage. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Comprehensive coverages

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from flooding, hail damage, vandalism, rock chips in glass and hitting a bird. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses like doctor visits, dental work, ambulance fees, hospital visits and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Cheaper insurance is a realistic goal

We just presented many ideas to compare 2003 Chevy Monte Carlo insurance rates online. It’s most important to understand that the more companies you get car insurance rates for, the better your chances of lowering your car insurance rates. Consumers could even find that the biggest savings come from a small mutual company. Smaller companies may often insure only within specific states and give getter rates than the large multi-state companies such as Geico and State Farm.

Budget-friendly insurance can be sourced from both online companies and from local agencies, and you need to comparison shop both to have the best selection. A few companies may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.

Other resources

• Crash Avoidance Technologies FAQ (iihs.org)
• Older Driver Statistics (Insurance Information Insitute)
• Safety Tips for Teen Drivers (Insurance Information Insitute)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)