2005 Chevrolet Monte Carlo Insurance Rates – 10 Tips for Best Quotes

Are you at wits end from being strong-armed to pay high insurance coverage rates every month? Your situation is no different than most other consumers. You have multiple car insurance companies to buy insurance from, and although it’s a good thing to have a choice, too many choices makes it more difficult to adequately compare rates.

Smart consumers take time to compare rates quite often because insurance coverage rates are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest rate for Monte Carlo coverage two years ago you can probably find a lower rate today. Forget anything you know (or think you know) about insurance coverage because you’re going to get a crash course in the best methods to find better rates and still maintain coverage.

Ten discounts to earn affordable auto insurance rates

Some insurers don’t always list their entire list of discounts in a way that’s easy to find, so we break down a few of the more well known as well as the least known credits that may apply to you.

• Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you may have a lower total premium amount.
• Student Discounts – Maintaining excellent grades can earn a discount of 20% or more. The discount lasts until age 25.
• Multiple Vehicles – Having all your vehicles with one company can get a discount on all vehicles.
• Bundled Policy Discount – If you can bundle your auto and home insurance and insure them with the same company they may give you a discount of at least 10% off all policies.
• Lower Rates for Military – Having an actively deployed family member may lower your prices slightly.
• Passive Restraints and Air Bags – Options like air bags can get savings of more than 20%.
• Switch and Save Discount – A few companies give discounts for buying a policy before your current policy expires. This discount can save up to 10%.
• Senior Citizen Discount – Older drivers are able to get a small decrease in premiums for Monte Carlo coverage.
• Auto/Life Discount – If the company offers life insurance, you could get lower auto insurancerates if you buy life insurance.
• E-sign – Certain companies will give a small break get auto insurance on the internet.

Keep in mind that many deductions do not apply the the whole policy. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though you would think having all the discounts means you get insurance for free, you won’t be that lucky.

Companies and some of the discounts are outlined below.

• Mercury Insurance may have discounts that include annual mileage, good student, multi-car, accident-free, and good driver.
• Farmers Insurance offers discounts including electronic funds transfer, pay in full, switch companies, alternative fuel, and mature driver.
• Farm Bureau offers premium reductions for 55 and retired, multi-policy, safe driver, good student, multi-vehicle, and driver training.
• State Farm has savings for driver’s education, passive restraint, multiple policy, good student, anti-theft, defensive driving training, and multiple autos.
• Allstate may offer discounts for EZ pay plan discount, safe driver, 55 and retired, new car, early signing, and resident student.
• Geico discounts include air bags, military active duty, daytime running lights, five-year accident-free, and defensive driver.

Before buying, ask every insurance company what discounts are available to you. Some discounts may not apply to policies in your state.

Tailor your car insurance coverage to you

When it comes to buying adequate coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might point out whether your personal situation may require specific advice.

• What is medical payments coverage?
• Will I lose any money if I cancel my policy before it expires?
• When would I need rental car insurance?
• What if I don’t agree with a claim settlement offer?
• How do I file an SR-22 for a DUI in my state?
• How high should my uninsured/underinsured coverage be in my state?
• Am I covered when driving on a suspended license?
• Are there companies who specialize in insuring high-risk drivers?
• Will my vehicle be repaired with OEM or aftermarket parts?
• Is borrowed equipment or tools covered if stolen or damaged?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. It’s fast, free and can provide invaluable advice.

Auto insurance coverage information

Having a good grasp of a insurance policy helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Chevy Monte Carlo.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally these limits do not exceed the liability coverage limits.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage 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 protects against things such as driving through your garage door, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.

Liability auto insurance

This coverage provides protection from damage that occurs to people or other property in an accident. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims such as court costs, medical expenses and medical services. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

Comprehensive coverage

This will pay to fix 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 pays for claims such as hitting a deer, falling objects and hitting a bird. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses like funeral costs, nursing services and dental work. They can be used in conjunction with a health insurance program or if you do not have health coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Power to the consumer

While you’re price shopping online, do not buy poor coverage just to save money. There have been many cases where an accident victim reduced liability limits or collision coverage only to find out that it was a big mistake. Your goal should be to purchase a proper amount of coverage for the lowest cost, not the least amount of coverage.

Lower-priced 2005 Chevy Monte Carlo insurance can be sourced online and also from your neighborhood agents, so you need to quote auto insurance with both so you have a total pricing picture. Some insurance providers may not have internet price quotes and usually these small insurance companies provide coverage only through independent insurance agents.

To read more, link through to these articles:

• Top Signs Your Brakes are Giving Out (State Farm)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Insitute)
• What if I Can’t Find Coverage? (Insurance Information Insitute)