How Much Does 2001 Chevrolet Prizm Insurance Cost?

Looking for cheaper car insurance rates? Shoppers have a choice when shopping for the best price on Chevy Prizm insurance. They can either waste time calling around getting price quotes or use the internet to make rate comparisons. There is a better way to shop for car insurance and we’ll show you the proper way to quote coverages for a new or used Chevy and find the best price possible from local insurance agents and online providers.

Consumers need to price shop coverage quite often since insurance rates go up and down regularly. Just because you found the best rates on Prizm coverage a year ago you will most likely find a better rate today. So ignore everything you know about car insurance because you’re going to get a crash course in one of the easiest ways to save money, get proper coverage and the best rates.

Finding the best rates is not that difficult. If you are paying for car insurance now, you should be able to reduce your rates substantially using these techniques. Drivers only need an understanding of the tricks to compare company rates online.

Which Auto Insurance is Cheapest?

There are a lot of ways to compare auto insurance prices but one way is less time-consuming than others. You can waste a lot of time talking about coverages with insurance agencies in your area, or you can utilize online quoting to get the quickest rates.

Many of the larger companies participate in a marketplace where prospective buyers submit their information once, and each company then returns a price quote based on that data. This eliminates the need for quotation requests to every company. To submit your quote information now, click here (opens in new window).

The single downside to doing it this way is that consumers can’t choose which companies you will receive quotes from. So if you want to select from a list of companies for rate comparison, we have assembled a list of low cost auto insurance companies in your area. View list of insurance companies.

However you get your quotes, compare the exact same information for every company. If you are comparing different liability limits it will be impossible to determine the lowest rate for your Chevy Prizm.

Save with discounts on Chevy Prizm insurance

Companies offering auto insurance don’t always publicize all available discounts in a way that’s easy to find, so we researched both the well known and the harder-to-find ways to save on car insurance. If you aren’t receiving every discount available, you are throwing money away.

Club Memberships – Affiliation with certain professional organizations could qualify you for a break on car insurance on Prizm coverage.
No Claims – Good drivers with no accidents pay less compared to accident-prone drivers.
Auto/Home Discount – When you combine your home and auto insurance with the same insurance company you may earn 10% to 20% off each policy.
Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less on Prizm coverage than drivers with accident claims.
Use Seat Belts – Requiring all passengers to use their safety belts could cut 10% or more off your medical payments premium.
Discount for Swiching Early – Some insurance companies reward drivers for switching policies prior to your current policy expiration. The savings is around 10%.
Defensive Driver – Taking a driver safety course could possibly earn you a 5% discount if your company offers it.
Discount for Life Insurance – Select insurance companies reward you with better rates if you take out life insurance.
Fewer Miles Equal More Savings – Keeping the miles down on your Chevy can qualify you for lower rates on the low mileage vehicles.

Drivers should understand that many deductions do not apply to the entire cost. Most only cut the cost of specific coverages such as medical payments or collision. So despite the fact that it appears you can get free auto insurance, you’re out of luck.

To see a list of companies with discount car insurance rates, click this link.

Tailor your coverage to you

When it comes to choosing the right insurance coverage, there is no cookie cutter policy. Everyone’s situation is a little different.

For instance, these questions may help you determine whether your personal situation might need professional guidance.

Should I rate my 2001 Chevy Prizm as pleasure use or commute?
Is my ex-spouse still covered by my policy?
Am I covered when pulling a rental trailer?
I have good health insurance, so how much medical payments coverage do I need?
Am I covered when driving on a suspended license?
Can my babysitter drive my car?
Can I make deliveries for my home business?
If my 2001 Chevy Prizm is totaled, can I afford another vehicle?
Exactly who is provided coverage by my policy?
What if I don’t agree with a claim settlement offer?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.

Insurance specifics

Knowing the specifics of insurance can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2001 Chevy Prizm.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.

Comprehensive auto coverage

This pays to fix your vehicle from 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 like damage from a tornado or hurricane, hail damage, vandalism and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for short-term medical expenses like ambulance fees, nursing services, hospital visits and pain medications. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states but can be used in place of medical payments coverage

Coverage for liability

Liability insurance protects you from damage that occurs to other people or property. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability can pay for things like medical expenses, loss of income and structural damage. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Collision coverage

Collision insurance will pay to fix damage to your Prizm caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like crashing into a ditch, hitting a mailbox, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.