View 2002 Chevrolet Prizm Insurance Rates

Looking for lower car insurance rates for your Chevrolet Prizm? Have you fallen victim to overpriced car insurance? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.

Drivers have multiple insurance companies to insure vehicles with, and although it’s nice to have a choice, it makes it harder to find a good deal.

It’s smart to shop coverage around before your policy renews due to the fact that insurance rates are adjusted regularly by insurance companies. Just because you had the best price on Prizm insurance six months ago the chances are good that you can find a lower rate today. So block out anything you think you know about car insurance because you’re about to learn the right way to find lower rates on car insurance.

How to reduce Chevy Prizm insurance rates

Car insurance companies don’t always publicize every available discount very well, so we took the time to find some of the more common as well as the least known car insurance savings.

  • Fewer Miles Equal More Savings – Fewer annual miles on your Chevy could qualify for a substantially lower rate.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if it’s offered in school.
  • Multiple Cars – Buying insurance for all your vehicles on the same car insurance policy can get a discount on all vehicles.
  • Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can get savings of up to 25% or more.
  • Good Student Discount – This discount can get you a discount of up to 25%. The discount lasts well after school through age 25.

It’s important to understand that most of the big mark downs will not be given to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears you can get free auto insurance, companies don’t profit that way.

For a list of providers with discount car insurance rates, click here.

Where Can I Get Cheap Car Insurance?

To find the best car insurance prices, there are several ways of comparing rates from local car insurance companies. The easiest way to find the cheapest 2002 Chevy Prizm insurance rates consists of obtaining rate quotes online. This is very easy and can be done in just a few minutes using one of these methods.

  1. The most efficient way to get quotes is a comparison rater form click here to open form in new window. This easy form saves time by eliminating boring form submissions to each individual car insurance company. One form submission gets you price quotes from all major companies.
  2. A slightly less efficient method to get comparison quotes is spending the time to visit the website for each individual company to request a price quote. For examples sake, we’ll assume you want to compare rates from USAA, Geico and Travelers. To get each rate you have to take the time to go to each site to input your insurance information, which is why most consumers use the first method.

    For a handy list of car insurance company links in your area, click here.

  3. The least efficient method to get comparison rates is driving around to and from local insurance agencies. Shopping for car insurance online has reduced the need for local agents unless you want the trained guidance that only a license agent can provide. You can, however, get the lowest quotes online but buy from a local insurance agent and we’ll cover that in a bit.

It’s up to you which method you use, but double check that you are using apples-to-apples coverages with each company. If you are comparing different deductibles it’s impossible to determine which rate is truly the best. Just a small difference in insurance coverages may result in a large different in cost. It’s important to know that getting more free quotes helps you find the best price.

Chevy Prizm insurance rates are influenced by…

An important part of buying insurance is that you know the factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively influences your rates empowers consumers to make smart changes that will entitle you to big savings.

  • Multiple policies with one company can save – The majority of insurance companies provide better rates to policyholders who buy several policies from them. It’s known as a multi-policy discount. This can amount to 10 percent or more. Even with this discount, it’s still a good idea to compare other company rates to verify if the discount is saving money. Consumers may find a better deal by splitting coverages up.
  • Bump up deductibles to save – Physical damage coverage, also known as collision and other-than-collision, protects your Chevy from damage. A few examples of covered claims would be colliding with a building, vandalism, and rolling your vehicle. The deductibles are the amount of money you are required to spend out-of-pocket in the event of a claim. The more money you have to pay, the lower your rates will be on Prizm insurance.
  • Where you reside plays a part – Being located in a rural area is a positive aspect when it comes to auto insurance. Fewer people translates into fewer accidents and a lower car theft rate. Drivers who live in large cities have to deal with more traffic problems and longer commute times. More time on the road can result in more accidents.
  • Pay less after the wedding – Being married helps lower the price on auto insurance. Marriage is viewed as being more mature it has been statistically shown that married drivers get in fewer accidents.
  • Keep rates low by being claim-free – If you are a frequent claim filer, you can pretty much guarantee higher rates. Car insurance companies generally give better rates to policyholders who file claims infrequently. Insurance coverage is meant to be used in the event of the large, substantial claims.
  • Careful drivers pay lower rates – Your driving citation history has a lot to do with how much you pay for insurance. Drivers who don’t get tickets get better rates compared to drivers with tickets. Even one speeding ticket can bump up the cost forty percent or more. Drivers who have flagrant citations such as DUI or reckless driving may need to submit a SR-22 form to the state department of motor vehicles in order to keep their license.

Tailor your coverage to you

When buying proper insurance coverage, there is no single plan that fits everyone. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can aid in determining if your insurance needs might need an agent’s assistance.

  • Is a blown tire covered by insurance?
  • If I drive on a suspended license am I covered?
  • Do I need motorclub coverage?
  • Where can I get insurance after a DUI in my state?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Do all my vehicles need collision coverage?
  • Is a fancy paint job covered?
  • Am I covered if I drive in a foreign country?
  • Is my babysitter covered when using my vehicle?
  • When can my company non-renew my policy?

If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.

The insurance bait and switch

Insurance companies such as State Farm, Allstate and Geico consistently run television and radio advertisements. They all seem to have a common claim that you can save if you change your policy. How can each company make the same claim? This is how they do it.

All companies have a preferred profile for the right customer that earns them a profit. For example, a profitable customer could be over the age of 50, is a homeowner, and has a short commute. A driver who fits that profile will qualify for the lowest rates and therefore will save quite a bit of money when switching.

Potential customers who are not a match for this ideal profile will be quoted a more expensive rate and this can result in the customer not buying. The ads say “drivers who switch” not “everybody who quotes” save that much money. This is how insurance companies can state the savings. This emphasizes why it is so important to compare many company’s rates. It is impossible to predict which insurance company will provide you with the cheapest Chevy Prizm insurance rates.

Specifics of your insurance policy

Having a good grasp of insurance can help you determine appropriate coverage for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Comprehensive or Other Than Collision – This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as hitting a bird, a tree branch falling on your vehicle and damage from flooding. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision coverages – Collision coverage covers damage to your Prizm resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as crashing into a ditch, crashing into a building, sideswiping another vehicle, colliding with another moving vehicle and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.

Auto liability – This coverage provides protection from damage or injury you incur to other people or property. This insurance protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which means a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability can pay for claims like loss of income, attorney fees, medical expenses, structural damage and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

UM/UIM Coverage – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Chevy Prizm.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like surgery, doctor visits and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Saving money is sweet as honey

We just presented many tips how you can reduce 2002 Chevy Prizm insurance prices online. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the best price on insurance is with some of the smallest insurance companies. They can often provide lower rates in certain areas compared to the large companies like State Farm and Allstate.

Low-cost insurance can be purchased on the web and with local insurance agents, and you should compare price quotes from both to have the best rate selection. A few companies do not offer online price quotes and many times these smaller companies only sell through independent insurance agents.

As you go through the steps to switch your coverage, make sure you don’t sacrifice coverage to reduce premiums. In too many instances, an insured cut liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

Other resources