Cheaper 2003 Oldsmobile Aurora Car Insurance Cost

Finding lower rates for auto insurance can be difficult for consumers not familiar with buying insurance online. There are so many options available that it can be a ton of work to compare prices.

Compare Insurance Coverage Costs

There are several ways to get quotes and find the best price. The best method to find the lowest 2003 Oldsmobile Aurora rates is to perform an online rate comparison. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. The recommended way to find low rates is a comparison rater form like this one (opens in new window). This easy form eliminates the need for boring form submissions for each company you want a rate for. A single form will get you price quotes from many national carriers. This is by far the quickest method.
  2. A less efficient way to find lower rates requires visiting each company’s website and request a quote. For example, we’ll assume you want comparison quotes from USAA, 21st Century and Farmers. To find out each rate you need to take the time to go to each site to enter your coverage information, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.
  3. The least recommended method to get comparison rates is to spend time driving to and from local insurance agencies. The ability to buy insurance online makes this process obsolete unless you require the trained guidance only provided by licensed agents. You can, however, comparison shop your insurance online but still have the advice of a local agent. We’ll cover that shortly.

Which method you use is up to you, but be sure to compare apples-to-apples information for every company. If you enter different values for each quote then you won’t be able to truly determine the lowest rate. Slightly different coverage limits may result in a large different in cost. And when comparing insurance coverage rates, know that getting more free quotes helps you find the best rates.

Misconceptions in car insurance advertisements

Progressive, GEICO, Allstate and State Farm continually stream ads on television and other media. All the companies make the same claim that you’ll save big after switching your policy. How can each company say the same thing? This is how they do it.

All companies have a certain “appetite” for the type of customer that is profitable for them. For instance, a desirable insured could possibly be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. A customer who matches those parameters gets the lowest rates and as a result will probably pay quite a bit less when switching companies.

Consumers who don’t qualify for the requirements will be charged more money which leads to the driver buying from a lower-cost company. The ads say “drivers who switch” but not “drivers who get quotes” save that much. That is how companies can advertise the savings.

That is why drivers must get as many quotes as possible. It’s just too difficult to predict which insurance companies will provide you with the cheapest Oldsmobile Aurora insurance rates.

Oldsmobile Aurora premiums are determined by many factors

Consumers need to have an understanding of the rating factors that go into determining the price you pay for insurance. Having a good understanding of what controls the rates you pay enables informed choices that can help you get better insurance rates.

  • Consolidate policies to earn discounts – Most insurance companies provide better rates to insureds who carry more than one policy. It’s known as a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. Even though this discount sounds good, you may still want to compare rates to verify if the discount is saving money. You may still be able to find a better deal by buying insurance from more than one company.
  • Safer cars cost less to insure – Cars with high safety ratings are cheaper to insure. These vehicles have better occupant injury protection and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders. If your Oldsmobile Aurora is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Proper usage rating affects rates – The higher the mileage driven each year the higher your rate. The majority of insurers price each vehicle’s coverage based upon how you use the vehicle. Vehicles not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance declarations sheet properly reflects the correct usage for each vehicle. If your policy improperly rates your Aurora can result in significantly higher rates.
  • Don’t buy coverages you don’t need – There are many extra coverages that you can buy if you aren’t careful. Coverages for personal injury protection, towing coverage and membership fees may be wasting your money. They may seem like a good idea at first, but your needs may have changed so eliminate them to save money.
  • More people means more accidents – Choosing to live in a small town has it’s advantages when buying insurance. Less people living in that area means a lower chance of having an accident as well as less vandalism and auto theft. Drivers in populated areas tend to have congested traffic and longer commutes to work. Longer commute distances translates into higher accident risk.
  • Protect yourself with liability coverage – The liability section of your policy is the coverage that protects you if a court rules you are at fault for causing damage or personal injury in an accident. It provides legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.
  • Battle of the sexes – Statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Women and men are in accidents at about the same rate, but the males tend to have more serious accidents. They also get more serious tickets like DUI and reckless driving.
  • Your occupation can affect rates – Did you know that where you work can have an impact on rates? Occupations like judges, architects and financial analysts are shown to have higher average rates in part from high stress levels and long work days. Conversely, professions such as actors, engineers and performers pay the least on Aurora insurance.

Are you getting all your discounts?

Insuring your fleet can be pricey, but you may find discounts to help offset the cost. Larger premium reductions will be automatically applied when you quote, but a few must be manually applied before being credited.

  • Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% on Aurora insurance depending on your company.
  • Bundle and Save – When you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Early Signing – A few companies offer discounts for signing up before your current policy expires. This can save 10% or more.
  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
  • Safe Drivers – Drivers who avoid accidents may save up to 50% more on Aurora insurance than less cautious drivers.
  • Clubs and Organizations – Belonging to a professional or civic organization could trigger savings on insurance on Aurora insurance.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
  • Low Mileage Discounts – Low mileage vehicles can earn a substantially lower rate.
  • Life Insurance – Select insurance companies reward you with lower rates if you buy life insurance.

Drivers should understand that most discounts do not apply to all coverage premiums. Most only apply to specific coverage prices like comprehensive or collision. So despite the fact that it appears you would end up receiving a 100% discount, insurance companies aren’t that generous. Any amount of discount will cut your overall premium however.

A partial list of companies that possibly offer these benefits include:

Before buying, ask each insurance company what discounts are available to you. All car insurance discounts may not apply everywhere.

Tailor your coverage to you

When it comes to choosing the best insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is unique.

These are some specific questions may help you determine if your insurance needs might need an agent’s assistance.

  • Is my ex-spouse still covered by my policy?
  • Am I covered if I crash into my own garage door?
  • Am I getting all the discounts available?
  • Is upholstery damage covered by car insurance?
  • Do I need added coverage for expensive stereo equipment?
  • Do I need PIP coverage since I have good health insurance?
  • Should I buy additional glass protection?
  • Will my rates increase for filing one claim?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form.

Parts of your insurance policy

Understanding the coverages of your insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for dental work, pain medications, doctor visits and ambulance fees. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Oldsmobile Aurora.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Normally these limits are similar to your liability insurance amounts.

Collision coverage

Collision insurance pays for damage to your Aurora resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things like sideswiping another vehicle, crashing into a ditch, hitting a parking meter and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a deer, vandalism, a broken windshield and rock chips in glass. The most a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Liability coverage

This protects you from damages or injuries you inflict on people or other property that is your fault. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as loss of income, attorney fees, structural damage, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Do the work, save more money

Insureds leave their current company for any number of reasons including lack of trust in their agent, unfair underwriting practices, an unsatisfactory settlement offer or policy cancellation. Whatever your reason, finding a great new company is easier than you think.

When buying insurance coverage, make sure you don’t buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed full coverage and found out when filing a claim they didn’t purchase enough coverage. The aim is to get the best coverage possible at an affordable rate while not skimping on critical coverages.

In this article, we presented a lot of ways to compare 2003 Oldsmobile Aurora insurance prices online. It’s most important to understand that the more times you quote, the better your comparison will be. You may even find the lowest priced insurance coverage comes from an unexpected company.

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