1992 Cadillac Eldorado Car Insurance Rates – 9 Tips to Save

Do you get exhausted from paying out the nose to pay high insurance coverage rates every month? You’re in the same situation as millions of other vehicle owners. Vehicle owners have so many insurers to purchase coverage from, and although it’s nice to have a choice, lots of choices makes it harder to locate the cheapest rates.

It’s a great practice to price shop coverage once or twice a year due to the fact that insurance prices trend upward over time. Even if you think you had the best rate on Eldorado coverage on your last policy the chances are good that you can find a lower premium rate today. Forget anything you know (or think you know) about insurance coverage because we’re going to show you the best way to find better rates and still maintain coverage.

Cheap auto insurance rate quotes online

There are several ways you can shop for auto insurance but some are less labor-intensive and much quicker. You can waste a few hours (or days) talking to insurance agencies in your area, or you can utilize the internet to get prices fast.

Many insurance companies belong to a marketplace where prospective buyers send in one quote, and each company can give them a price determined by their information. This prevents consumers from doing repetitive form submissions to each company.

To compare pricing click here (opens in new window).

The one downside to using this type of system is that you can’t choose which carriers you want to price. So if you want to choose individual companies to compare rates, we have a page of companies who write auto insurance in your area. Click to view list.

Take whichever approach you prefer, but be sure to compare identical coverages for every company. If you use unequal deductibles or liability limits it’s impossible to make an equal comparison.

Get cheap insurance rates with discounts

Car insurance is not cheap, but you might find some hidden discounts that you may not even know about. Certain discounts will be triggered automatically at the time of purchase, but some discounts are required to be asked about before being credited.

• Theft Prevention System – Vehicles that have factory anti-theft systems help deter theft and will qualify for a discount on a auto insurance quote.
• Anti-lock Brakes – Cars, trucks, and SUVs with ABS and/or traction control can stop better under adverse conditions and earn discounts up to 10%.
• Safe Driver Discount – Accident-free drivers can get discounts for up to 45% lower rates on Eldorado coverage compared to accident prone drivers.
• No Claims – Good drivers with no accidents are rewarded with significantly better rates on auto insurance quote compared to insureds who have frequent claims or accidents.
• Discount for Multiple Policies – When you have multiple policies with the same company you will save 10% to 20% off each policy.
• Drivers Education – Teen drivers should participate in a local driver’s education class in school or through a local driver safety program.
• Save with a New Car – Insuring a new car can cost up to 25% less since newer vehicles have better safety ratings.
• Discounts for Seat Belt Usage – Drivers who require all occupants to buckle up can save 10% or more on the premium charged for medical payments and/or PIP.
• Good Grades Discount – Being a good student can earn a discount of 20% or more. The good student discount can last up until you turn 25.

Policy discounts save money, but many deductions do not apply to the entire policy premium. Some only reduce specific coverage prices like comprehensive or collision. Despite the fact that it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

A few of the larger companies and the discounts they provide are outlined below.

• Farm Bureau may include discounts for driver training, 55 and retired, multi-vehicle, renewal discount, and multi-policy.
• State Farm may offer discounts for multiple autos, safe vehicle, accident-free, good driver, passive restraint, and good student.
• Progressive offers discounts for online signing, online quote discount, multi-policy, homeowner, multi-vehicle, and good student.
• Allstate discounts include new car, premier discount, defensive driver, economy car, EZ pay plan discount, and anti-theft.
• Nationwide offers premium reductions for easy pay, defensive driving, business or organization, Farm Bureau membership, family plan, and anti-theft.
• MetLife may have discounts that include claim-free, accident-free, multi-policy, good driver, good student, defensive driver

It’s a good idea to ask each insurance company how many discounts you can get. Some discounts may not be available in your area. To find insurance companies who offer free insurance quotes, click here.

Tailor your auto insurance coverage to you

When it comes to buying coverage, there really is not a perfect coverage plan. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that could help you determine whether or not you will benefit from professional help.

• Am I covered when delivering products for my home-based business?
• Are my friends covered when driving my 1992 Cadillac Eldorado?
• How high should my uninsured/underinsured coverage be in my state?
• Can my teen driver be rated on a liability-only vehicle?
• Does insurance cover tools stolen from my truck?
• Should I waive the damage coverage when renting a car?
• Does my policy cover me when driving someone else’s vehicle?
• Is my custom paint covered by insurance?
• When can my company non-renew my policy?

If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and can help protect your family.

Auto insurance 101

Learning about specific coverages of your insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages offered by insurance companies.

Coverage for collisions

This coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like crashing into a ditch, hitting a mailbox, colliding with another moving vehicle and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as damage to your Cadillac Eldorado.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for rehabilitation expenses, EMT expenses, pain medications, funeral costs and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as falling objects, hail damage and damage from flooding. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverage

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

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

Liability coverage pays for things like medical expenses, pain and suffering and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

Don’t break the bank

We just covered a lot of tips how to compare 1992 Cadillac Eldorado insurance rates online. It’s most important to understand that the more you quote auto insurance, the better your comparison will be. You may be surprised to find that the best rates are with some of the lesser-known companies. These companies may cover specific market segments cheaper compared to the large companies like Progressive or Geico.

When shopping online for insurance coverage, never buy less coverage just to save a little money. Too many times, someone dropped full coverage and found out when filing a claim that it was a big mistake. Your focus should be to find the BEST coverage at the best cost, but don’t skip important coverages to save money.

More information can be found at these links:

• Things to Know Before you Cancel Insurance (Allstate)
• Electronic Stability Control FAQ (iihs.org)
• Bodily Injury Coverage (Liberty Mutual)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• Air Bags: Potential Dangers to Your Children (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)