Cheaper 1994 Dodge Colt Insurance Cost

Looking for the cheapest car insurance rates for your Dodge Colt? Are you tired of paying out the nose to pay your car insurance bill each month? You are no different than many other consumers. Big companies like Progressive, GEICO and Farmers Insurance persitently shower you with ad campaigns and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.

It’s important to shop coverage around occasionally since rates tend to go up over time. Despite the fact that you may have had the lowest price on Colt insurance on your last policy you can probably find a better price now. So just block out anything you think you know about car insurance because you’re about to learn the quickest way to save on car insurance.

The quickest method we recommend to compare insurance rates in your area utilizes the fact all the major auto insurance companies participate in online systems to provide you with a free rate quote. The one thing you need to do is give them some information like if you have a valid license, whether or not you need a SR-22, the year, make and model of vehicles, and what your job is. The data is sent automatically to insurance carriers in your area and you will get price comparisons immediately.

To find the cheapest Dodge Colt insurance rates, click here and complete the form.

Factors determining your Dodge Colt insurance premium

It’s important that you understand the rating factors that help determine the price you pay for insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that can help you get lower insurance prices.

  • Liability insurance protects assets – Liability insurance will protect you if a jury decides you are liable for causing damage or personal injury in an accident. It provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
  • Do you need those extra coverages? – There are a lot of additional coverages that you can buy when buying insurance. Coverages like vanishing deductibles, towing coverage and term life insurance may be costing you every month. They may seem like a good idea at first, but if they’re wasting money get rid of them and save.
  • How many coverages with the same company – The majority of insurers will award you with lower prices to people who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, you still need to shop around to ensure the best deal.
  • Men fork out a little more – Statistics have proven women are more cautious behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women tend to get into accidents in similar percentages, but the male of the species have costlier accidents. Men also tend to get more serious tickets like reckless driving and DUI. Male drivers age 16 to 19 are most likely to cause an accident and thus pay the highest rates.
  • With age comes lower rates – Mature drivers tend to be more responsible, statistically cause fewer accidents and receive fewer citations. Youthful drivers tend to be more careless in a vehicle and because of this, their insurance rates are much higher.
  • Do you work long hours in a high stress job? – Occupations like doctors, social workers and accountants tend to pay higher rates than average in part from high stress and lengthy work days. On the flip side, professions such as pilots, athletes and the unemployed have the lowest average rates on Colt insurance.
  • Proper usage rating affects rates – Driving more miles every year the higher your rate. Most companies price each vehicle’s coverage determined by how the vehicle is used. Autos left parked in the garage receive lower rates than vehicles that are driven to work every day. Make sure your insurance coverage is showing the proper vehicle usage, because improper ratings can cost you money. If your policy improperly rates your Colt may be wasting your money.
  • Small claims can cost you – If you file claims often, you can definitely plan on higher rates. Companies give cheaper rates to people who do not rely on their insurance for small claims. Insurance coverage is intended for major claims that would cause financial hardship.

How to reduce Dodge Colt insurance rates

Companies offering auto insurance don’t always list every available discount very well, so we researched some of the more common and also the lesser-known ways to save on auto insurance. If you don’t get every credit you qualify for, you are throwing money away.

  • Federal Employees – Simply working for the federal government can save as much as 8% on Colt insurance with select insurance companies.
  • E-sign – Certain companies may give you up to $50 for buying your policy digitally online.
  • Accident Forgiveness – Certain companies allow you one accident before your rates go up as long as you don’t have any claims prior to the accident.
  • Early Switch Discount – Some companies give discounts for signing up before your current expiration date. It’s a savings of about 10%.
  • Club Memberships – Affiliation with a civic or occupational organization could trigger savings on your policy on Colt insurance.
  • Passive Restraints and Air Bags – Factory air bags can receive discounts up to 30%.
  • Seat Belts Save – Drivers who require all occupants to buckle their seat belts could cut 10% or more off your medical payments premium.
  • Homeowners Savings – Being a homeowner can save you money due to the fact that maintaining a home shows financial diligence.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. Most only cut individual premiums such as comp or med pay. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way.

A partial list of companies that may have these money-saving discounts are:

It’s a good idea to ask each company which discounts they offer. All car insurance discounts may not be available everywhere.

Tailor your coverage to you

When choosing coverage, there really is no cookie cutter policy. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that may help you determine if you would benefit from professional advice.

  • Is my teenager covered with friends in the car?
  • Am I covered if I hit a deer?
  • Am I covered if I crash into my own garage door?
  • Do I need PIP coverage since I have good health insurance?
  • Are there companies who specialize in insuring high-risk drivers?
  • When should I buy a commercial auto policy?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Should I bundle my homeowners policy with my auto?
  • Are rental cars covered under my policy?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Specifics of your auto insurance policy

Learning about specific coverages of a auto insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average auto insurance policy.

Collision – This pays for damage to your Colt from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as sideswiping another vehicle, crashing into a building, damaging your car on a curb, hitting a parking meter and rolling your car. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like doctor visits, hospital visits, nursing services and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive protection – This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from flooding, rock chips in glass, fire damage, a tree branch falling on your vehicle and falling objects. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured or underinsured coverage – This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Dodge Colt.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability auto insurance – Liability coverage will cover injuries or damage you cause to other’s property or people. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 that means you have 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.

Liability coverage pays for claims such as medical expenses, legal defense fees and pain and suffering. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Best coverage at the best price

In this article, we covered a lot of ways to lower your 1994 Dodge Colt insurance rates. The key thing to remember is the more times you quote, the higher your chance of finding lower rates. Consumers may even find the lowest rates come from the smaller companies. Smaller companies can often insure niche markets at a lower cost compared to the large companies like Allstate and Progressive.

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. There have been many situations where an insured dropped physical damage coverage only to find out that it was a big mistake. Your strategy should be to buy enough coverage for the lowest price while still protecting your assets.

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