1996 Chevrolet Lumina Minivan Insurance Rates

Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance coverage policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out. Many insurers compete for your business, and it can be difficult to compare rates and uncover the absolute lowest rate

Why you might be paying too much to insure your Chevy Lumina Minivan

Smart consumers have a good feel for the rating factors that go into determining insurance coverage rates. Understanding what influences your rates allows you to make educated decisions that can help you get much lower annual insurance costs.

  • Your stress level may be raising your rates – Did you know your job can affect your rates? Occupations like lawyers, executives and accountants are shown to have higher rates than average in part from stressful work requirements and lengthy work days. On the flip side, jobs such as scientists, athletes and performers pay the least on Lumina Minivan insurance.
  • Men pay higher rates – The statistics show women are more cautious behind the wheel. Now that doesn’t mean women are better drivers. They both are in accidents at about the same rate, but the males tend to have more serious accidents. They also receive more costly citations such as reckless driving.
  • A clean driving record saves money – Drivers with clean records have lower premiums compared to drivers with tickets. Even a single citation may increase your cost by as much as thirty percent. Drivers who have flagrant citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to keep their license.
  • Frequent insurance coverage claims increase rates – If you frequently file small claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Companies generally give better rates to people who file claims infrequently. Auto insurance is intended for the large, substantial claims.
  • Credit scores impact insurance coverage rates – Your credit rating is a important factor in determining your rates. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with lower ratings. If your credit history can use some improvement, you could be paying less to insure your 1996 Chevrolet Lumina Minivan by improving your rating.
  • Protect yourself with liability coverage – The liability section of your policy provides coverage if ever a jury decides you are liable for damages from an accident. It provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not cut corners here.
  • Do you know your deductibles? – Your deductibles define the amount you are willing to pay out-of-pocket before your insurance coverage pays a claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. A few examples of covered claims are running into the backend of another car, damage from fire, and rolling your vehicle. The more expense you have to pay, the less your company will charge you for insurance on Lumina Minivan insurance.
  • A lapse in coverage is a bad thing – Driving with no insurance is illegal and as a result your rates will increase for letting your insurance expire. Not only will rates go up, but not being able to provide proof of insurance might get you a steep fine or even jail time.

Be sure to get all your discounts

Properly insuring your vehicles can get expensive, but there could be available discounts that many people don’t even know exist. Most are applied at the time you complete a quote, but a few need to be requested specifically before being credited. If you aren’t receiving every discount possible, you’re just leaving money on the table.

  • Distant Student – Kids in college who attend school more than 100 miles from home and don’t have a car may qualify for this discount.
  • Multi-car Discount – Having more than one vehicle on one policy qualifies for this discount.
  • Low Mileage Discounts – Low mileage vehicles could qualify for a substantially lower rate.
  • Defensive Driver – Taking part in a course teaching defensive driving skills could cut 5% off your bill if your company offers it.
  • Accident Free – Good drivers with no accidents pay less compared to frequent claim filers.
  • Safe Drivers – Drivers who avoid accidents may save up to 50% more on Lumina Minivan insurance than their less cautious counterparts.

Drivers should understand that some of the credits will not apply to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. Just because you may think it’s possible to get free car insurance, it just doesn’t work that way. But all discounts will reduce the cost of coverage.

For a list of companies who offer insurance coverage discounts, click this link.

How do I know if I need professional advice?

When buying adequate coverage, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions may help highlight whether you will benefit from professional help.

  • Are split liability limits better than a combined single limit?
  • When should I buy a commercial auto policy?
  • What is the minimum liability in my state?
  • Am I covered when driving a rental car?
  • Is other people’s property covered if stolen from my vehicle?
  • Is upholstery damage covered by car insurance?
  • Am I covered if hit by an uninsured driver?
  • Does medical payments coverage apply to all occupants?
  • What discounts do I qualify for?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverage breakdown

Knowing the specifics of a auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverages found on most auto insurance policies.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Chevy Lumina Minivan.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for expenses for things like dental work, prosthetic devices, doctor visits, pain medications and chiropractic care. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Liability insurance – This coverage can cover damage that occurs to other’s property or people that is your fault. It protects YOU from legal claims by others. Liability 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 values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Some companies may use a combined limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like attorney fees, legal defense fees and structural damage. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Collision – Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as damaging your car on a curb, colliding with another moving vehicle, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.

Comprehensive coverage – This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, a tree branch falling on your vehicle, a broken windshield, falling objects and rock chips in glass. The most your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Smart consumers save more

When buying insurance coverage, never buy poor coverage just to save money. Too many times, an insured dropped collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy enough coverage at the best price.

Budget-conscious 1996 Chevy Lumina Minivan insurance is available on the web in addition to many insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not provide online quoting and these small, regional companies work with independent agents.

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