9 Discounts Shoppers Overlook when Insuring a Chevy Optra5

Nobody looks forward to buying auto insurance, especially when their premiums are too high.

Multiple insurance companies compete for your hard-earned dollar, so it’s not easy to compare every provider and get the best coverage at the best rate

It’s important to get comparison quotes occasionally due to the fact that insurance rates change quite often. Just because you had the lowest price on Optra5 coverage a year ago there may be better deals available now. Forget all the misinformation about auto insurance because we’re going to demonstrate the best methods to find better coverage at a better price.

Finding Auto Insurance Deals

Most major insurance companies allow you to get prices on their websites. Getting online quotes is quite easy as you simply type in the coverage amounts you desire into a form. After you complete the form, the company’s rating system gets reports for credit and driving violations and provides a quote. Being able to quote online helps simplify price comparisons, but having to visit different websites and fill out multiple forms can get tiresome after awhile. But it’s very important to do this in order to find the lowest price.

Compare rates the easy way

A quicker way to lower your auto insurance bill requires only one form that gets prices from many companies. The form is fast, eliminates form submissions, and makes price shopping online much easier to do. After sending your information, your coverage is rated and you can select your choice of the resulting price quotes.

If you find a better price it’s easy to complete the application and purchase the new policy. This process can be completed in a matter of minutes and you will know how your current rates stack up.

In order to fill out one form to compare multiple rates now, click here and complete the simple form. If you have a policy now, it’s recommended that you enter the insurance coverages as close as possible to your current policy. Doing this guarantees you are getting comparison quotes based on similar coverages.

You probably qualify for some discounts

Insurance can cost an arm and a leg, but there could be available discounts to help bring down the price. Certain discounts will be applied when you purchase, but a few must be manually applied in order for you to get them.

Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
Defensive Driver – Completing a course teaching defensive driving skills could cut 5% off your bill depending on where you live.
New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
Bundle and Save – If you have multiple policies with one insurance company you may save at least 10% off all policies.
Federal Government Employee – Being employed by or retired from a federal job may qualify you for a discount on Optra5 coverage with a few auto insurance companies.
Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and qualify for as much as a 10% discount.
Multiple Cars – Buying coverage for all your vehicles on one policy qualifies for this discount.
Good Students Pay Less – This discount can save 20 to 25%. The discount lasts up until you turn 25.

Keep in mind that some credits don’t apply the the whole policy. Most cut specific coverage prices like liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, auto insurance companies aren’t that generous. Any qualifying discounts will help reduce the amount you have to pay.

Is there deception in advertising?

Auto insurance providers like State Farm, GEICO and Progressive regularly use television and radio advertisements. They all have a common claim that you can save if you move to their company. How do they all make almost identical claims?

All the different companies can use profiling for the driver that is profitable for them. For example, a profitable customer could be between the ages of 40 and 55, a clean driving record, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications is entitled to the best price and most likely will save when switching.

Potential customers who are not a match for these standards will be charged a more expensive rate which usually ends up with the driver buying from a lower-cost company. The ads say “people who switch” but not “drivers who get quotes” save that kind of money. This is how companies can make the claims of big savings.

That is why you need to compare many company’s rates. It’s not possible to predict the company that will fit your personal profile best.

Car insurance coverages for a Chevy Optra5

Understanding the coverages of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on the average auto insurance policy.

Auto liability

This coverage can cover damages or injuries you inflict on people or other property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as structural damage, bail bonds, legal defense fees, pain and suffering and emergency aid. How much coverage you buy is your choice, but consider buying as large an amount as possible.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical expense insurance

Med pay and PIP coverage kick in for bills like prosthetic devices, chiropractic care, X-ray expenses, rehabilitation expenses and surgery. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. They cover you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage

This pays for damage to your Optra5 from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, sideswiping another vehicle and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hitting a bird, falling objects, hitting a deer and fire damage. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Shop smart and save

We just presented some good ideas how to lower your Chevy Optra5 insurance rates. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding lower rates. You may even find the most savings is with some of the lesser-known companies. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Progressive and GEICO.

The cheapest Chevy Optra5 insurance is attainable on the web and with local insurance agents, so you should compare both to have the best selection. Some auto insurance companies do not offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.