Cheap 2003 Chevrolet S-10 Insurance Cost

Looking for better insurance rates for your Chevrolet S-10? Having to pay for overpriced insurance can take a big chunk out of your checking account, especially in this economy. Doing a price comparison is a smart way to make sure you’re not throwing money away.

Numerous insurance companies battle for your insurance dollar, and because of this it can be hard to compare auto insurance companies to get the lowest price

Best discounts on Chevy S-10 coverage

The cost of insuring your cars can be expensive, but you can get discounts to help bring down the price. Certain discounts will be triggered automatically at quote time, but some must be specially asked for before being credited.

  • Sign Online – A few companies give back up to $50 for buying a policy and signing up digitally online.
  • Auto/Home Discount – When you combine your home and auto insurance with one company you may earn at least 10% off all policies.
  • Own a Home – Simply owning a home may trigger a insurance policy discount because owning a home shows financial diligence.
  • Payment Discounts – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Accident Waiver – Some insurance companies will allow you to have one accident before raising your premiums if your claims history is clear for a certain period of time.
  • Save with a New Car – Adding a new car to your policy can save up to 30% due to better safety requirements for new cars.

Keep in mind that most discount credits are not given to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way. But all discounts will bring down the cost of coverage.

For a list of insurance companies who offer insurance discounts, click here.

Factors determining your Chevy S-10 insurance premium

Smart consumers have a good feel for the factors that help determine your insurance rates. Understanding what controls the rates you pay helps enable you to make changes that may reward you with big savings.

  • Protect your assets with liability insurance – The liability section of your policy will protect you in the event that you are found to be at fault for damages from an accident. Liability insurance provides legal defense coverage which can cost thousands of dollars. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Higher deductibles cost less – Physical damage deductibles represent how much money you are required to spend in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. A few examples of covered claims would be colliding with a building, damage caused by hail, or theft. The higher the amount you have to pay, the lower your rates will be for S-10 insurance.
  • Better credit means lower rates – Your credit score is a large factor in calculating your insurance rates. Drivers with good credit tend to file fewer claims and have better driving records than drivers with lower credit scores. If your credit history is low, you could save money insuring your 2003 Chevrolet S-10 by improving your rating.
  • Traffic citations inflate rates – Even a single citation can bump up the cost twenty percent or more. Drivers who don’t get tickets receive lower rates than bad drivers. Drivers who get serious violations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to continue driving.
  • Your spouse saves you money – Getting married actually saves money on your insurance policy. Having a spouse means you’re more mature it has been statistically shown that being married results in fewer claims.

Tailor your coverage to you

When choosing coverage for your vehicles, there really is not a one size fits all plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions might help in determining whether or not you might need professional guidance.

  • Do I have coverage for damage caused while driving under the influence?
  • Does my policy cover me when driving someone else’s vehicle?
  • Do I have coverage when using my vehicle for my home business?
  • Do I benefit by insuring my home with the same company?
  • When would I need rental car insurance?
  • What vehicles should carry emergency assistance coverage?
  • Do I have coverage when making deliveries for my home business?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Misconceptions in car insurance advertisements

Car insurance providers like Allstate and Progressive continually stream television and radio advertisements. They all have a common claim that you can save after switching to them. How do they all claim to save you money? This is how they do it.

All companies can use profiling for the right customer that earns them a profit. A good example of a desirable insured might be over the age of 50, has no prior claims, and has excellent credit. Any driver that hits that “sweet spot” receives the best rates and most likely will save when they switch companies.

Potential customers who don’t meet the “perfect” profile will have to pay higher prices and this can result in business going elsewhere. Company advertisements say “customers who switch” not “people who quote” save that kind of money. This is how companies can make those claims.

Because of the profiling, you absolutely need to compare many company’s rates. It’s not possible to predict the company that will have the lowest Chevy S-10 insurance rates.

Auto insurance 101

Understanding the coverages of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Auto collision coverage

Collision coverage pays for damage to your S-10 resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as damaging your car on a curb, sustaining damage from a pot hole and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like prosthetic devices, hospital visits, X-ray expenses and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your 2003 Chevy S-10.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive insurance

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as falling objects, damage from a tornado or hurricane and a broken windshield. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto liability

Liability coverage will cover damage that occurs to people or other property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like legal defense fees, court costs, attorney fees, pain and suffering and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Be a Smart Shopper

Affordable 2003 Chevy S-10 insurance is possible both online and also from your neighborhood agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies may not provide online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

When shopping online for insurance, make sure you don’t skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy enough coverage at the best price, not the least amount of coverage.

In this article, we presented many ways to shop for insurance online. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding lower rates. Drivers may discover the lowest rates come from the least-expected company. They may often insure only within specific states and give getter rates than their larger competitors like Progressive and GEICO.

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