Compare 2001 Chevrolet Monte Carlo Insurance Rates

Think you have an underperforming, overpriced car insurance policy? Trust us when we tell you many consumers are in the same pinch. People have many insurers to purchase coverage from, and although it’s a good thing to have multiple companies, having more car insurance companies makes it harder to find a good deal.

Six factors that impact insurance costs

It’s important that you understand the rating factors that go into determining your policy premiums. When you understand what controls the rates you pay, this helps enable you to make changes that can earn you lower premium levels.

• Incidental coverages that aren’t used – Insurance policies have a lot of extra coverages that sound like a good idea at the time on your Monte Carlo policy. Insurance for rental car coverage, better glass coverage, and extra equipment coverage are examples of these. They may seem good at first, but your money might be better spent on other coverage so eliminate them to save money.
• Pay less after the wedding – Being married may save some money on your insurance bill. Having a spouse is viewed as being less irresponsible and insurance companies like that married drivers tend to file fewer claims.
• Allowing your policy to lapse raises rates – Driving any period of time without insurance is not a good idea and you may have a hard time finding new coverage because you let your insurance coverage expire. Not only will rates go up, failure to provide proof of insurance can result in fines and jail time. You will then be forced to prove you have insurance by filing a SR-22 with your state DMV.
• Where you live is a factor – Being located in areas with lower population has it’s advantages when insuring your vehicles. Drivers in populated areas tend to have more traffic problems and longer commute times. Lower population translates into fewer accidents and also fewer theft and vandalism claims.
• Multi-policy discounts can save money – The majority of insurance companies will award lower prices to customers that buy multiple policies in the form of a multi-policy discount. Discounts can be five, ten or even twenty percent. If you currently are using one company, drivers will still want to compare rates to confirm you are receiving the best rates possible.
• How your age affects rates – Older insureds are shown to be more cautious, tend to cause fewer accidents , and usually have better credit.Teenage drivers are statistically shown to be careless and easily distracted when driving so insurance rates are higher.

Compare insurance quotes

There are a lot of ways to compare insurance prices but there is one way that is less labor-intensive and much quicker. You can spend countless hours discussing policy coverages with agents in your area, or you can stay home and use online quotes to get rates in a matter of minutes.

All the larger companies take part in a program where prospective buyers only type in their quote data once, and at least one company returns a rated price. This saves time by eliminating form submissions for every insurance company. To submit your quote information now, click here (opens in new window).

The only downside to pricing coverage this way is buyers cannot specifically choose the companies you want to price. So if you prefer to choose specific providers to compare prices, we have a page of insurance companies in your area. Click to view list.

It’s your choice how you get your quotes, but try to keep the exact same coverages with every price quote. If you use different liability limits it’s impossible to make a fair comparison for your Chevy Monte Carlo.

Do you qualify for discount car insurance?

Car insurance is neither fun to buy or cheap, but companies offer discounts that you may not know about. A few discounts will automatically apply when you complete an application, but some may not be applied and must be requested specifically prior to receiving the credit.

• Driver’s Ed – Teen drivers should sucessfully take a drivers education course in high school.
• Claim-Free Discount – Claim-free drivers pay much less as opposed to insureds who have frequent claims or accidents.
• Save over 55 – Mature drivers can get better car insurance rates for Monte Carlo coverage.
• Buy New and Save – Adding a new car to your policy can save you some money since new model year vehicles are generally safer.
• Cautious Drivers – Accident-free drivers may save up to 50% more for Monte Carlo coverage compared to rates paid by drivers with frequent claims.
• Safety Restraint Discount – Buckling up and requiring all passengers to use their safety belts may be able to save a few bucks off the PIP or medical payment premium.
• Own a Home – Being a homeowner can save a few bucks since home ownership shows financial diligence.
• Anti-lock Brake Discount – Vehicles with ABS and/or traction control can avoid accidents and qualify for as much as a 10% discount.

Consumers should know that some credits don’t apply to your bottom line cost. Most only cut specific coverage prices like comprehensive or collision. Just because you may think you would end up receiving a 100% discount, you won’t be that lucky. But any discount will cut your policy premiums.

Some companies that have some of the discounts shown above possibly include:

• Mercury Insurance
• Farmers Insurance
• Farm Bureau
• State Farm
• Allstate
• Geico

If you need lower rates, check with every insurance company which credits you are entitled to. All car insurance discounts might not apply in your area. To see a list of car insurance companies that provide some of the discounts listed above, follow this link.

What insurance coverages do I need?

When it comes to buying adequate coverage, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions can aid in determining whether you could use an agent’s help.

• When would I need rental car insurance?
• Is my camper covered by my car insurance policy?
• Can I get a multi-policy discount?
• Do I need replacement cost coverage?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Do I need replacement cost coverage on my 2001 Chevy Monte Carlo?
• Do I have coverage for damage caused while driving under the influence?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

The coverage is in the details

Learning about specific coverages of a auto insurance policy aids in choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and coverage can change by endorsement. These are the usual coverages found on most auto insurance policies.

Comprehensive or Other Than Collision

This pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like fire damage, damage from a tornado or hurricane, damage from getting keyed and theft. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like pain medications, hospital visits, EMT expenses, doctor visits and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

UM/UIM Coverage

This coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Auto collision coverage

Collision insurance covers damage to your Monte Carlo resulting from a collision 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 pays for claims such as colliding with another moving vehicle, driving through your garage door, rolling your car, hitting a mailbox and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Coverage for liability

Liability coverage will cover damage or injury you incur to people or other property in an accident. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability can pay for claims such as repair bills for other people’s vehicles, structural damage and bail bonds. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.

Quote more, save more

In this article, we presented a lot of techniques to compare 2001 Chevy Monte Carlo insurance rates online. It’s most important to understand that the more providers you compare, the better your chances of lowering your auto insurance rates. Drivers may discover the lowest priced car insurance comes from the smaller companies. Regional companies often have lower auto insurance rates on specific markets as compared to the big name companies such as State Farm and Allstate.

While you’re price shopping online, do not buy poor coverage just to save money. There have been many situations where consumers will sacrifice full coverage and learned later that the few dollars in savings costed them thousands. Your objective should be to get the best coverage possible at the best possible price while still protecting your assets.

To learn more, feel free to browse the resources below:

• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• Teen Driving Statistics (Geico)
• Teen Driver Statistics (Insurance Information Insitute)
• Safe Vehicles for Teens (iihs.org)