1995 Oldsmobile Silhouette Car Insurance Rates

Trying to find the cheapest insurance rates for your Oldsmobile Silhouette? Searching for the cheapest insurance for an Oldsmobile Silhouette could be a painful process, but you can learn a few tricks and make it easy.

There are more efficient ways to shop for insurance so we’re going to tell you the proper way to price shop coverage for a new or used Oldsmobile and get the lowest price from both online companies and local agents.

It’s a good idea to get comparison quotes before your policy renews because insurance rates change regularly. Just because you found the lowest price for Silhouette coverage six months ago you can probably find a lower rate today. There is a lot of wrong information about insurance online but we’re going to give you some good information on how to find affordable insurance.

Discounts are basically free money

The cost of insuring your cars can be expensive, but there could be available discounts that you may not know about. Some discounts apply automatically at the time of quoting, but a few must be requested specifically prior to getting the savings. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Discount for Good Grades – This discount can save 20 to 25%. The good student discount can last until age 25.
  • Pay Upfront and Save – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Club Memberships – Participating in a qualifying organization could qualify you for a break on your policy for Silhouette coverage.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles are safer to drive and therefore earn up to a 10% discount.
  • Save with a New Car – Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • No Claims – Good drivers with no accidents pay much less when compared with frequent claim filers.
  • Use Seat Belts – Drivers who require all occupants to use their safety belts can save 10% or more on the medical payments or PIP coverage costs.
  • Driver Safety – Completing a driver safety course could save 5% or more and easily recoup the cost of the course.
  • Distant Student – Any of your kids living away from home attending college and don’t have a car can receive lower rates.

Drivers should understand that many deductions do not apply to the entire cost. Most only reduce specific coverage prices like collision or personal injury protection. Just because it seems like all those discounts means the company will pay you, companies don’t profit that way. But all discounts will bring down the amount you have to pay.

For a list of companies with the best auto insurance discounts, follow this link.

Parts of the Oldsmobile Silhouette rate equation

An important part of buying insurance is that you know the rating factors that go into determining the rates you pay for car insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that may reward you with lower car insurance prices.

  • Little extras can really add up – There are quite a few additional coverages that you can get tricked into buying on your Silhouette policy. Insurance for rental car reimbursement, accidental death and membership fees are examples of these. These may sound like a good investment at first, but your needs may have changed so eliminate the coverages to reduce your premium.
  • More claims means more premium – Insurance companies give discounts to policyholders who are claim-free. If you frequently file small claims, you can look forward to either higher rates or even cancellation. Your insurance policy is designed for major claims that would cause financial hardship.
  • Clean credit earns discounts – Credit rating is a large factor in determining what you pay for car insurance. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers who have lower ratings. If your credit history can use some improvement, you could be paying less to insure your 1995 Oldsmobile Silhouette by spending a little time repairing your credit.
  • Marriage brings a discount – Getting married can get you a discount on car insurance. Marriage translates into being more mature and responsible and it’s proven that drivers who are married are more cautious.
  • Optional equipment can affect rates – Owning a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.
  • Careful drivers pay lower rates – A bad driving record impacts your car insurance rates tremendously. Even one speeding ticket may increase your cost twenty percent or more. Drivers with clean records receive lower rates compared to drivers with tickets. If you have flagrant violations such as hit and run, DWI or reckless driving convictions may find they need to file a SR-22 with the DMV in their state in order to keep their license.
  • Drive less and save money – Driving more miles each year the higher your rates will be. Most companies price each vehicle’s coverage based on their usage. Cars left parked in the garage get more affordable rates than vehicles that are driven to work every day. An improperly rated Silhouette can cost quite a bit. Make sure your car insurance coverage is rated on the proper vehicle usage.
  • Your occupation can affect rates – Jobs such as doctors, business owners and dentists tend to have the highest average rates in part from high stress and lots of time spent at work. Other occupations such as farmers, historians and retirees receive lower rates for Silhouette coverage.

Which insurance is the “right” coverage?

When it comes to buying the right insurance coverage for your personal vehicles, there is no one size fits all plan. Every situation is different.

For example, these questions might help in determining whether your personal situation would benefit from an agent’s advice.

  • If my 1995 Oldsmobile Silhouette is totaled, can I afford another vehicle?
  • Should I drop comprehensive coverage on older vehicles?
  • Are my friends covered when driving my car?
  • Is business property covered if stolen from my car?
  • What if I owe more than I can insure my car for?
  • Why am I required to get a high-risk car insurance policy?
  • Do I have coverage if my license is suspended?
  • Can I drive in Mexico and have coverage?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and may give you better protection.

Save $398 a year? Really?

Consumers constantly see and hear ads for car insurance savings by Progressive, Geico, Allstate and State Farm. They all seem to make an identical promise that you can save if you switch to their company.

How does each company make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the type of customer that earns them a profit. A good example of a desirable insured might be profiled as a mature driver, insures multiple vehicles, and has great credit. A customer who matches those parameters is entitled to the best price and therefore will cut their rates substantially.

Potential insureds who fall outside the requirements will have to pay higher prices which leads to the customer not buying. The ads say “customers that switch” not “people who quote” save money. That’s why companies can truthfully make the claims of big savings.

Because of the profiling, it’s extremely important to get quotes from several different companies. You cannot predict which company will give you the biggest savings on Oldsmobile Silhouette insurance.

Car insurance coverage information

Learning about specific coverages of your policy helps when choosing which coverages you need and the correct deductibles and limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Collision – Collision coverage will pay to fix damage to your Silhouette caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with a tree, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so consider dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Liability coverage – This provides protection from injuries or damage you cause to people or other property that is your fault. This coverage protects you from claims by 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 liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for claims such as structural damage, emergency aid and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.

UM/UIM Coverage – This gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Oldsmobile Silhouette.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Frequently these coverages are set the same as your liablity limits.

Comprehensive or Other Than Collision – This coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hitting a bird, damage from flooding and damage from getting keyed. The highest amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical costs insurance – Coverage for medical payments and/or PIP kick in for short-term medical expenses for EMT expenses, funeral costs, surgery, pain medications and chiropractic care. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Saving money makes a lot of cents

Low-cost 1995 Oldsmobile Silhouette insurance can be found both online as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies don’t offer you the ability to get quotes online and these smaller companies work with independent agents.

When you buy insurance online, it’s a bad idea to buy poor coverage just to save money. In many instances, an insured dropped physical damage coverage only to discover later that the small savings ended up costing them much more. The aim is to buy the best coverage you can find at an affordable rate while still protecting your assets.

We just showed you quite a bit of information on how to shop for insurance online. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may even discover the lowest premiums are with a lesser-known regional company.

Helpful information