How Much Does 2001 Oldsmobile Alero Car Insurance Cost?

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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Trying to find cheaper insurance rates for your Oldsmobile Alero? I can’t think of a single person who enjoys paying for insurance, particularly when they are paying too much. Popular companies such as State Farm, Farmers Insurance, GEICO and Allstate promote their brand names with fancy advertisements and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

If you are insured now or are shopping for new coverage, you can learn to find the best rates and possibly find even better coverage. Finding the best rates is not rocket science. Consumers just need to understand the tricks to compare price quotes online.

Don’t overlook these discounts

Auto insurance companies don’t always list every available discount in an easy-to-find place, so here is a list both the well known and the harder-to-find discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re paying more than you need to.

  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you may save up to 20% off your total premium.
  • Multiple Vehicles – Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.
  • New Vehicle Savings – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Military Rewards – Being on active duty in the military may qualify for rate reductions.
  • Safety Course Discount – Taking part in a driver safety course could save 5% or more if you qualify.
  • Early Signing – A few companies offer discounts for switching policies before your current expiration date. This can save 10% or more.
  • Low Mileage – Driving fewer miles could be rewarded with better rates on cars that stay parked.
  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. The good student discount can last well after school through age 25.

As a disclaimer on discounts, some credits don’t apply the whole policy. Most only apply to the cost of specific coverages such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way.

For a list of insurance companies with discount insurance rates, follow this link.

Is my situation unique?

When it comes to buying coverage, there is no “best” method to buy coverage. Each situation is unique so your insurance needs to address that. For instance, these questions might point out if your situation would benefit from professional advice.

  • Does coverage extend to a rental car in a foreign country?
  • When do I need to add a new car to my policy?
  • How high should deductibles be on a 2001 Oldsmobile Alero?
  • Is my teenager covered with friends in the car?
  • Who is covered by my policy?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Are there companies who specialize in insuring high-risk drivers?
  • Who is covered when they drive my 2001 Oldsmobile Alero?
  • Is business equipment covered while in my vehicle?
  • Can I afford to pay high deductible claims out of pocket?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

How can Progressive, GEICO, Allstate and State Farm save drivers who switch?

Consumers can’t ignore all the ads that promise big savings from the likes of Progressive, GEICO, Allstate and State Farm. They all have a common claim of big savings if you move your coverage to them.

How does each company claim to save you money?

Insurance companies can use profiling for the type of driver that is profitable for them. A good example of a driver they prefer could be a mature driver, insures multiple vehicles, and has a high credit rating. A propective insured that hits that “sweet spot” will qualify for the lowest rates and is almost guaranteed to save when they switch companies.

Potential insureds who fall outside the “perfect” profile will have to pay a more expensive rate which leads to the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everybody who quotes” save that much. That’s why insurance companies can make those claims. Because of the profiling, you should quote coverage with many companies. It’s impossible to know which insurance companies will fit your personal profile best.

Educate yourself about auto insurance coverages

Knowing the specifics of auto insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be confusing and reading a policy is terribly boring. Listed below are typical coverages available from auto insurance companies.

Comprehensive protection

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

Comprehensive insurance covers things such as hitting a bird, a broken windshield, a tree branch falling on your vehicle, theft and hitting a deer. The most your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage

This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Liability coverage

This coverage provides protection from damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged property.

Liability coverage protects against claims like legal defense fees, repair costs for stationary objects, bail bonds and emergency aid. How much coverage you buy is your choice, but buy as large an amount as possible.

Collision coverage protection

This coverage will pay to fix damage to your Alero resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a ditch, colliding with another moving vehicle, backing into a parked car, hitting a mailbox and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for bills for things like dental work, prosthetic devices, hospital visits, X-ray expenses and chiropractic care. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Shop smart and save

When buying insurance coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice collision coverage only to discover later that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at the best price while not skimping on critical coverages.

In this article, we covered a lot of information how to save on 2001 Oldsmobile Alero insurance. It’s most important to understand that the more companies you get rates for, the higher your chance of finding lower rates. Consumers could even find that the lowest rates come from a company that doesn’t do a lot of advertising. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.

Cheaper insurance can be found online as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some companies don’t offer online quoting and usually these small insurance companies provide coverage only through local independent agents.

For more information, take a look at the articles below:

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