1998 Oldsmobile Silhouette Insurance Cost – 10 Tricks for Cheaper Prices

Want cheaper insurance rates? Drivers have options when trying to find the lowest priced Oldsmobile Silhouette insurance. They can either spend hours calling around trying to get quotes or leverage the internet to compare rates. There are more efficient ways to compare insurance rates and you need to know the proper way to quote coverages on a Oldsmobile and get the lowest price from both online companies and local agents.

The best way to compare rate quotes takes advantage of the fact most of the bigger providers actually pay money for the chance to give rate comparisons. To begin a comparison, all you need to do is provide the companies a bit of rating information including if you’re married, what you do for a living, an estimate of your credit level, and driver details. The data is then sent to all major companies and you will receive price estimates instantly to find the best rate.

Why you might not save $413 a year

Consumers can’t avoid all the ads for the lowest price insurance by companies like Progressive, Allstate and Geico. All the companies make the same claim that drivers can save some big amount just by moving your coverage.

How can each company charge you a lower premium? It’s all in the numbers.

Insurance companies have specific characteristics for the type of driver that earns them the most money. An example of a preferred risk might be between the ages of 30 and 45, has no claims, and drives less than 10,000 miles a year. A customer who fits those characteristics will probably get the lowest prices and will also pay quite a bit less when switching companies.

Consumers who don’t measure up to this ideal profile may be required to pay a more expensive rate and this results in the customer not buying. If you listen closely, the ads state “people who switch” but not “all drivers who get quotes” save that much. This is how insurance companies can confidently lure you into getting a quote. This really drives home the point why you should compare rate quotes every year. It’s just not possible to know with any certainty which company will fit you best based on your risk profile.

Ten discounts to earn cheaper insurance rates

Car insurance can cost a lot, but there may be some discounts to reduce the price significantly. Many of these discounts will be applied automatically at the time of quoting, but a few must be inquired about before they will apply.

• Buy New and Save – Buying insurance on a new vehicle may earn a small discount due to better safety requirements for newer models.
• Low Mileage Discounts – Low mileage vehicles could be rewarded with cheaper prices.
• Distant Student Discount – Kids who live away from home at college without a vehicle on campus can be insured at a reduced rate.
• Sign Early and Save – Some insurance companies give discounts for buying a policy early. You can save around 10% with this discount.
• Full Payment Discount – If paying your policy premium upfront rather than spreading payments over time you could save up to 5%.
• Federal Employees – Active or former government employment could qualify for a slight premium decrease on Silhouette coverage with some insurance companies.
• Student Discounts – Excelling in school can earn a discount of 20% or more. Most companies allow this discount until age 25.
• Theft Deterent Discount – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and earn discounts up to 10% off your insurance coverage quote.
• Braking Control Discount – Anti-lock brake equipped vehicles are much safer to drive and earn discounts up to 10%.
• Professional Organizations – Being in qualifying employment or professional organizations is a simple method to lower premiums on your next insurance statement.

Remember that most of the big mark downs will not be given to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. Just because you may think you could get a free insurance policy, insurance companies aren’t that generous.

Some of the larger companies that possibly offer many of the previously listed discounts include:

• Progressive
• SAFECO
• American Family
• MetLife
• Geico
• The Hartford

Before you buy a policy, ask every company what discounts are available to you. A few discounts may not apply to policyholders in your area. For a list of providers that offer multiple discounts, click here.

Tailor your insurance coverage to you

When it comes to choosing proper insurance coverage, there really is not a best way to insure your cars. Each situation is unique.

Here are some questions about coverages that might help in determining whether or not you might need professional guidance.

• Why am I required to buy high-risk coverage?
• Do all my vehicles need collision coverage?
• Are my friends covered when driving my car?
• Is business property covered if stolen from my car?
• Which is better, split liability limits or combined limits?
• When should my teen driver be added to my policy?
• When would I need rental car insurance?
• Is business equipment covered while in my vehicle?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and you can get the answers you need.

Car insurance coverages for an Oldsmobile Silhouette

Learning about specific coverages of your insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

Comprehensive protection

This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from flooding, falling objects, damage from a tornado or hurricane, theft and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as doctor visits, ambulance fees and pain medications. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Auto collision coverage

This pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like crashing into a ditch, sustaining damage from a pot hole, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your Oldsmobile Silhouette.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Coverage for liability

Liability insurance protects you from injuries or damage you cause to other’s property or people. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims such as attorney fees, emergency aid, medical expenses, pain and suffering and medical services. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.

Final thoughts

Low-cost 1998 Oldsmobile Silhouette insurance can be sourced from both online companies and also from your neighborhood agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. Some insurance providers may not provide rate quotes online and these small insurance companies only sell through independent insurance agencies.

In this article, we presented a lot of information how to compare 1998 Oldsmobile Silhouette insurance premium rates online. The key concept to understand is the more providers you compare, the better chance you’ll have of finding inexpensive insurance coverage. Consumers could even find that the best premium rates are with the least-expected company.

People who switch companies do it for a variety of reasons including policy cancellation, delays in paying claims, unfair underwriting practices and being labeled a high risk driver. Regardless of your reason, finding a new company is actually quite simple.

Helpful learning opportunities

• Tread Depth and Tire Safety (State Farm)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• Rental Car Insurance Tips (Insurance Information Insitute)
• What is a Telematics Device? (Allstate)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• Five Mistakes to Avoid (Insurance Information Insitute)