Lower Your 1992 Dodge Colt Insurance Cost

Drivers have many options when trying to find the lowest priced Dodge Colt insurance. They can either waste time driving around to compare prices or utilize the internet to get rate quotes. There is a better way to shop for insurance and you need to know the absolute fastest way to price shop coverage for a Dodge and obtain the best price possible from local insurance agents and online providers.

If you are insured now or need new coverage, you can learn to reduce the price you pay while maintaining coverages. The purpose of this article is to familiarize you with how car insurance quotes work. Vehicle owners only need an understanding of the tricks to get comparison rates on the web.

What determines your Dodge Colt insurance premium

Smart consumers have a good feel for the rating factors that go into determining the rates you pay for auto insurance. Understanding what controls the rates you pay helps enable you to make changes that could result in better auto insurance rates.

Listed below are some of the items that factor into premiums.

  • Higher safety ratings means cheaper insurance – Vehicles with high crash test scores can get you lower premiums. The safest vehicles have better occupant injury protection and fewer injuries means lower claim amounts passed on to you as lower rates. If your Dodge scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • Little extras can really add up – There are many extra bells and whistles that you can get tricked into buying if you aren’t careful. Coverages for personal injury protection, accidental death and membership fees are examples of these. These coverages may sound good at first, but your needs may have changed so eliminate them to save money.
  • Optional equipment can affect rates – Driving a car with anti-theft technology or alarm system can help lower your rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.
  • Allowing your policy to lapse raises rates – Having an insurance coverage lapse will be a quick way to pay more for auto insurance. Not only will rates go up, getting caught without coverage may earn you a revoked license or a big fine.
  • Adjust deductibles and save – Your deductibles define the amount you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of covered claims would be running into the backend of another car, vandalism, or theft. The more you’re willing to pay, the bigger discount you will receive on Colt coverage.
  • Do you know you’re credit rating? – Credit score is a important factor in your rate calculation. Therefore, if your credit is lower than you’d like, you could be paying less to insure your 1992 Dodge Colt by improving your credit score. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with poor credit.
  • Bad driving skills means higher rates – Even one moving violation can boost insurance rates twenty percent or more. Careful drivers have lower premiums than their less careful counterparts. If you have dangerous violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 form with their state DMV in order to prevent a license revocation.

These discounts can lower your rates

Auto insurance companies don’t necessarily list all their discounts very well, so we researched both well-publicized and the harder-to-find discounts you could be receiving. If you don’t get every credit available, you are throwing money away.

  • Government Employees – Employees or retirees of the government can earn a discount up to 10% on Colt coverage with select insurance companies.
  • Passive Restraints – Cars that have air bags or motorized seat belts can qualify for discounts of 20% or more.
  • Low Mileage – Keeping the miles down on your Dodge can earn a substantially lower rate.
  • Accident Forgiveness – Some insurance companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a particular time prior to the accident.
  • Discount for Life Insurance – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • Safe Drivers – Insureds without accidents can pay as much as 50% less on Colt coverage than drivers with accident claims.
  • Discount for Swiching Early – Some insurance companies reward drivers for switching policies prior to your current policy expiration. The savings is around 10%.

As a disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. So when it seems like adding up those discounts means a free policy, insurance coverage companies aren’t that generous.

To see a list of insurance companies with discount insurance coverage rates, follow this link.

Save 15 percent in 15 minutes? Is it for real?

Consumers can’t ignore all the ads for cheaper car insurance by Allstate, GEICO and Progressive. They all seem to say the same thing about savings if you switch to their company.

How do they all make the same claim?

All the different companies are able to cherry pick for the right customer they prefer to insure. For instance, a driver they prefer might be between 25 and 40, a clean driving record, and drives newer vehicles. A driver who matches those parameters will get very good rates and as a result will probably save when they switch companies.

Potential insureds who do not match the “perfect” profile must pay higher prices which leads to the customer not buying. The ads say “people who switch” not “people who quote” save that kind of money. That’s why companies can claim big savings. This illustrates why drivers should quote coverage with many companies. Because you never know the company that will fit your personal profile best.

Different people need different coverages

When it comes to buying proper insurance coverage for your vehicles, there is no best way to insure your cars. Everyone’s needs are different.

These are some specific questions might help in determining if your situation may require specific advice.

  • Is my dog or cat covered if injured in an accident?
  • Should I drop comprehensive coverage on older vehicles?
  • Am I covered if I hit my neighbor’s mailbox?
  • Is my 1992 Dodge Colt covered for smoke damage?
  • Which is better, split liability limits or combined limits?
  • Does medical payments coverage apply to all occupants?
  • What is PIP insurance?
  • Does coverage extend to my business vehicle?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Is my ex-spouse still covered by my policy?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance coverage basics

Understanding the coverages of a auto insurance policy can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Medical expense coverage

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like chiropractic care, dental work, ambulance fees and EMT expenses. They can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Liability insurance

Liability insurance can cover damages or injuries you inflict on other people or property by causing an accident. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for things such as funeral expenses, repair costs for stationary objects and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Dodge Colt.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Auto collision coverage

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

Collision coverage pays for things such as crashing into a ditch, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like a broken windshield, fire damage, damage from getting keyed and a tree branch falling on your vehicle. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Spend less. Save more.

People who switch companies do it for a variety of reasons including high rates after DUI convictions, being labeled a high risk driver, unfair underwriting practices and policy cancellation. It doesn’t matter what your reason, finding a great new company can be pretty painless.

Cost effective 1992 Dodge Colt insurance can be purchased from both online companies in addition to many insurance agents, so compare prices from both to get a complete price analysis. A few companies do not provide online price quotes and these smaller companies work with independent agents.

As you prepare to switch companies, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped uninsured motorist or liability limits only to discover later that it was a big error on their part. Your aim should be to purchase plenty of coverage at the best price, not the least amount of coverage.

Much more information about insurance coverage can be read at the links below