Are Your Oldsmobile Silhouette Car Insurance Rates Draining Your Savings?

Are Your Oldsmobile Silhouette Car Insurance Rates Draining Your Savings?

Having to pay for overpriced car insurance can empty your bank account and put a big crunch on your finances. Comparing price quotes can help to slash your bill and have more diposable income.

Multiple car insurance companies compete for your business, and it can be difficult to compare rates to discover the definitive lowest rate

If you have a current car insurance policy or are just looking to switch companies, you can use these tips to reduce the price you pay while maximizing coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Consumers only need to know the proper methods to find the lowest price online.

Discounts for lower car insurance rates

Companies don’t list all available discounts very clearly, so the following is a list of both well-publicized and also the more inconspicuous savings tricks you should be using when you .

  • First Accident Forgiveness – This one is not really a discount per se, but a few companies such as GEICO, Allstate and Liberty Mutual will forgive one accident before raising your premiums if your claims history is clear for a specific time period.
  • No Claims – Insureds who avoid accidents and claims pay less in comparison with drivers with a long claim history.
  • Low Mileage Discounts – Low mileage vehicles can earn substantially lower car insurancerates.
  • Sign Early and Save – A few larger companies offer discounts for signing up before your current policy expires. The savings is around 10%.
  • Good Grades Discount – Performing well in school could provide a savings of up to 20% or more. Most companies allow this discount up until you turn 25.
  • Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems help deter theft so companies will give you a small discount.
  • Sign Online – A handful of larger companies will provide an incentive online.
  • College Student – Older children who are attending college and won’t have access to an insured vehicle can be insured at a reduced rate.

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the entire policy premium. A few only apply to individual premiums such as medical payments or collision. So when the math indicates all the discounts add up to a free policy, you’re out of luck.

Companies and their offered discounts are:

  • GEICO discounts include defensive driver, anti-lock brakes, driver training, daytime running lights, air bags, and anti-theft.
  • MetLife policyholders can earn discounts including defensive driver, accident-free, good student, good driver, multi-policy, and claim-free.
  • Progressive offers premium reductions for multi-policy, homeowner, online signing, continuous coverage, online quote discount, and multi-vehicle.
  • Travelers has savings for new car, multi-policy, student away at school, payment discounts, early quote, and save driver.
  • SAFECO includes discounts for homeowner, teen safe driver, multi-car, teen safety rewards, accident prevention training, drive less, and anti-theft.
  • AAA offers discounts for good driver, multi-policy, pay-in-full, anti-theft, AAA membership discount, and multi-car.

Before purchasing a policy, check with all companies you are considering which discounts can lower your rates. All car insurance discounts may not apply to policyholders in your area.

There are multiple methods to compare car insurance prices but some are easier and takes less work. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you could save time and use the internet for quick rates.

Most major companies are enrolled in a marketplace that allows shoppers to send in one quote, and at least one company can give them a price based on that data. This eliminates the need for quotation requests for each company you want a rate for.

To find out what other companies charge click to open in new window.

The one downside to comparing rates this way is buyers cannot specifically choose which insurance companies to get pricing from. If you prefer to choose specific insurance companies to compare, we have assembled a list of low cost car insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just compare exactly the same deductibles and coverage limits on every quote. If your comparisons have differing limits you will not be able to get a fair rate comparison.

Special considerations

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Every situation is different so your insurance needs to address that. For example, these questions can help discover if your insurance needs would benefit from an agent’s advice.

  • Am I covered when driving someone else’s vehicle?
  • What is the minimum liability in my state?
  • How can I get high-risk coverage after a DUI?
  • Does my policy pay for OEM or aftermarket parts?
  • Is my cargo covered for damage or theft?
  • What companies insure drivers after a DUI or DWI?
  • Why am I required to buy high-risk coverage?
  • Am I getting all the discounts available?
  • Am I covered when pulling a rental trailer?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

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What is YOUR best insurance company?

Affordable Oldsmobile Silhouette insurance is available both online and also from your neighborhood agents, so get from both of them to have the best rate selection. There are still a few companies who do not offer internet price quotes and many times these regional insurance providers only sell coverage through independent agents.

We just covered quite a bit of information on how to shop for Oldsmobile Silhouette insurance online. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest auto insurance rates come from a company that doesn’t do a lot of advertising. Smaller companies often have lower premium rates on specific markets compared to the large companies like State Farm, GEICO and Nationwide.

As you shop your coverage around, it’s very important that you do not skimp on coverage in order to save money. There are a lot of situations where drivers have reduced liability limits or collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The goal is to purchase a proper amount of coverage at the best cost while still protecting your assets.