2002 Chevrolet Monte Carlo Insurance Cost – 8 Tips for Cheapest Prices
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UPDATED: Dec 14, 2021
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Searching for better car insurance rates for your Chevrolet Monte Carlo? Paying for high-priced Chevrolet Monte Carlo insurance can overdraw your personal savings and make it hard to pay other bills. Comparing price quotes is a smart way to slash your bill and have more diposable income. Popular companies such as Progressive, GEICO and Farmers Insurance continually bombard you with fancy advertisements and it can be hard to ignore the flying pigs and cute green geckos and find the best price available.
If you have a current car insurance policy or are just looking to switch companies, you can use these tips to find better prices and possibly find even better coverage. Buying car insurance is easy if you know what you’re doing. Drivers only need an understanding of the proper methods to compare rates on the web.
Best discounts on 2002 Chevy Monte Carlo coverage
Car insurance can cost a lot, buy you may qualify for discounts that you may not even be aware of. Some trigger automatically at the time of quoting, but some must be specially asked for before they will apply. If you’re not getting every credit you deserve, you are throwing money away.
- Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
- Early Signing – Some companies give discounts for signing up prior to your current policy expiring. This can save 10% or more.
- Theft Prevention System – Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
- Life Insurance Discount – Larger companies have better rates if you take out life insurance from them.
- Accident Free – Drivers who don’t have accidents pay less as compared to bad drivers.
- Auto/Home Discount – When you have multiple policies with one insurance company you may save 10% to 20% off each policy.
- Passive Restraints – Vehicles with factory air bags or motorized seat belts can receive discounts up to 30%.
- Lower Rates for Military – Having a family member in the military can result in better rates.
As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. Some only reduce specific coverage prices like medical payments or collision. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way. But any discount will help reduce your overall premium however.
Car insurance companies that may have these discounts include:
- State Farm
- Farmers Insurance
- American Family
It’s a good idea to ask each insurance company which discounts they offer. Some discounts might not apply in your state.
The best way to get rate comparisons is to take advantage of the fact most larger insurance companies pay for the opportunity to give free rates quotes. The one thing you need to do is take a few minutes to give details such as if it has an anti-theft system, your credit rating estimate, driver ages, and the make and model of your vehicles. Your information is instantly submitted to multiple companies and you get price estimates with very little delay.
Tailor your coverage to you
When it comes to buying the best insurance coverage coverage for your vehicles, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions can help discover if your insurance needs could use an agent’s help.
- Will my insurance pay for OEM parts?
- When does my teenage driver need to be added to my policy?
- Where can I find high-risk insurance?
- How do I insure my teen driver?
- At what point should I drop full coverage?
- What is the minimum liability in my state?
- When do I need to add a new car to my policy?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- What happens if I owe more than my 2002 Chevy Monte Carlo is worth?
- Is there coverage for injuries to my pets?
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If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Auto insurance coverages
Learning about specific coverages of insurance can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages available from insurance companies.
Auto liability insurance
Liability coverage provides protection from injuries or damage you cause to a person or their property that is your fault. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have 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 coverage pays for claims such as repair bills for other people’s vehicles, loss of income, structural damage and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Chevy Monte Carlo.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Collision coverage protection
Collision coverage will pay to fix damage to your Monte Carlo resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims such as crashing into a building, hitting a parking meter and backing into a parked car. 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. You can also bump up the deductible in order to get cheaper collision rates.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance kick in for expenses for chiropractic care, doctor visits, X-ray expenses, prosthetic devices and surgery. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as a broken windshield, rock chips in glass and hitting a deer. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Coverage on a shoestring budget
Affordable 2002 Chevy Monte Carlo insurance can be bought online as well as from independent agents, and you need to price shop both so you have a total pricing picture. A few companies don’t offer the ability to get a quote online and these regional insurance providers work with independent agents.
As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. In many cases, someone sacrificed full coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to buy the best coverage you can find at a price you can afford while still protecting your assets.
Other learning opportunities
- Teen Driving Statistics (iihs.org)
- Frontal Crash Tests (iihs.org)
- Determing Auto Insurance Rates (GEICO)
- Protect Yourself Against Auto Theft (Insurance Information Insitute)
- Medical Payments Coverage (Liberty Mutual)
- How Much Auto Coverage do I Need? (Insurance Information Insitute)
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