Cheap 1992 Dodge Colt Insurance Rates

Looking for cheaper insurance rates for your Dodge Colt? No normal person anticipates paying for insurance, especially when they are aware that their premiums are too high. Due to the abundance of insurance providers from which to choose, it can be diffult for people to choose the right insurance provider.

Finding cheaper coverage is simple if you know the tricks. If you have a current insurance policy or need new coverage, you can use these techniques to find better prices while maximizing coverage. Drivers just need to learn the most efficient way to compare price quotes online.

How to compare insurance rate quotes

Cutting your insurance rates can be relatively painless. The only requirement is to spend a few minutes on the computer to get quotes to discover which company has the cheapest auto insurance quotes. Price comparisons can be done by following the guidelines below.

If you’re in a hurry, the quickest way to compare a lot of rates at once is an all-inclusive rate comparison like this one (opens in new window). This style of form prevents you from having to do repetitive form submissions for every insurance company. One simple form will get you rate comparisons from several companies.

A different way to analyze rates requires visiting each company’s website and get a separate price quote. For examples sake, we’ll pretend you are doing a rate comparison from USAA, State Farm and Travelers. You would have to go to every website to input your insurance information, which can get rather old. For a list of links to insurance companies in your area, click here.

The method you choose is up to you, but ensure you are comparing identical coverage data with every price quote. If each company quotes higher or lower deductibles it’s impossible to make an equal comparison.

Are you getting every discount?

Insurance is neither fun to buy or cheap, but you might already qualify for some discounts that you may not even know about. Most are applied when you quote, but occassionally some discounts must be inquired about before you get the savings.

• Military Deployment Discount – Having an actively deployed family member could qualify you for better prices.
• Claim Free – Claim-free drivers are rewarded with significantly better rates on auto insurance quote compared to drivers with a long claim history.
• Discounts for Safe Drivers – Safe drivers can save as much as half off their rates for Colt coverage than drivers with accidents.
• Telematics Data – Insureds who allow data collection to spy on driving patterns by using a telematic data system such as State Farm’s In-Drive could see a rate decrease if they have good driving habits.
• New Vehicle Savings – Putting insurance on a new car can save you some money because newer models have to meet stringent safety requirements.
• Payment Method – If you pay your entire premium ahead of time rather than spreading payments over time you may reduce your total bill.
• Good Student Discount – A discount for being a good student can earn a discount of 20% or more. The discount lasts until age 25.
• Discounts for Federal Employees – Having worked for a branch of the government could qualify for a slight premium decrease for Colt coverage depending on your company.

Don’t be shocked that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce the cost of specific coverages such as collision or personal injury protection. Even though the math looks like all the discounts add up to a free policy, that’s just not realistic.

A few of the larger companies and a selection of discounts are:

• Travelers discounts include save driver, new car, IntelliDrive, continuous insurance, and driver training.
• 21st Century includes discounts for homeowners, theft prevention, early bird, 55 and older, anti-lock brakes, teen driver, and student driver.
• State Farm offers discounts for Steer Clear safe driver discount, defensive driving training, student away at school, good student, and anti-theft.
• Geico policyholders can earn discounts including defensive driver, five-year accident-free, daytime running lights, military active duty, multi-vehicle, and federal employee.
• SAFECO offers premium reductions for anti-theft, safe driver, anti-lock brakes, bundle discounts, drive less, homeowner, and teen safe driver.
• AAA offers discounts including education and occupation, pay-in-full, anti-theft, AAA membership discount, good driver, good student, and multi-policy.

If you need lower rates, check with each company or agent the best way to save money. Savings may not apply to policyholders in your state. For a list of insurance companies that offer the discounts shown above, follow this link.

When in doubt talk to an agent

When it comes to buying the right insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is unique so your insurance should reflect that For instance, these questions could help you determine whether or not you may require specific advice.

• Is business equipment covered while in my vehicle?
• Is my camper covered by my car insurance policy?
• Does medical payments coverage apply to all occupants?
• Are my tools covered if they get stolen from my vehicle?
• Where can I find DUI or SR-22 insurance?
• Is upholstery damage covered by car insurance?
• Do I pay less for low miles?
• Does my 1992 Dodge Colt need full coverage?
• Do I need PIP coverage since I have good health insurance?

If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Get cheaper insurance costs by understanding these factors

Part of the auto insurance buying process is learning some of the factors that help calculate the price you pay for auto insurance. If you have some idea of what controls the rates you pay, this allows you to make good choices that may reward you with lower premium levels.

The following are some of the most common factors used by your company to calculate premiums.

• High insurance claims frequency drives up auto insurance rates – If you’re an insured who likes to file claims you shouldn’t be surprised to get much higher rates or policy non-renewal. Car insurance companies give better rates to insureds that do not abuse their auto insurance. Your car insurance is designed for the bigger claims that can’t be paid out-of-pocket.
• Raising deductibles saves money – Insurance for physical damage to your car, aka comp and collision, protects your Dodge from damage. Some instances where coverage would apply could be a broken side mirror, hitting a deer, and having your car stolen. Comp and collision deductibles state the amount of money the insured will be required to pay if you file a covered claim. The more the insured is willing to pay, the less money you will pay for auto insurance for Colt coverage.
• Discounts for married couples – Being married can get you a discount when buying auto insurance. Having a significant other generally demonstrates drivers are more mature and insurance companies like that married drivers tend to have fewer serious accidents.
• Decrease auto insurance rates by maintaining coverage – Allowing your auto insurance policy to lapse will be a sure-fire way to increase your renewal premiums. Not only will you pay higher rates, failure to provide proof of insurance could result in a fine, jail time, or a revoked license.
• Optional features can affect premiums – Buying a car that has an advanced theft prevention system can earn a premium discount. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent car theft and help bring rates down.

Insurance coverage options for a 1992 Dodge Colt

Knowing the specifics of insurance can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. These are typical coverage types found on the average insurance policy.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your 1992 Dodge Colt.

Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually the UM/UIM limits are set the same as your liablity limits.

Coverage for liability

Liability coverage protects you from damage or injury you incur to other people or property that is your fault. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers things such as pain and suffering, medical expenses, legal defense fees and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as scraping a guard rail, rolling your car and colliding with another moving vehicle. This coverage can be expensive, 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 bring the cost down.

Medical costs insurance

Med pay and PIP coverage pay for bills for X-ray expenses, doctor visits, hospital visits, rehabilitation expenses and surgery. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as fire damage, hail damage and damage from flooding. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

More effort can pay off

As you go through the steps to switch your coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced liability coverage limits and found out when filing a claim they didn’t purchase enough coverage. Your strategy should be to buy a smart amount of coverage at the best cost and still be able to protect your assets.

A few companies may not have internet price quotes and usually these small insurance companies sell through local independent agencies. Cheaper car insurance can be bought both online as well as from insurance agents, and you should compare rates from both to have the best selection.

We covered some good ideas how you can get a better price on 1992 Dodge Colt insurance. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding the cheapest auto insurance. You may be surprised to find that the best price on car insurance is with a small local company. Smaller companies may cover specific market segments cheaper as compared to the big name companies such as Allstate or State Farm.

More information can be found at the links below

• Tools for Teen Driving Safety (State Farm)
• Vehicle Safety Ratings (iihs.org)
• All About Airbag Safety (State Farm)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)