2006 Saab 9-5 Insurance Cost

No one in their right mind looks forward to paying for car insurance, especially when the cost is too high. Many insurance companies compete to insure your vehicles, so it can be very hard to choose a insurer and get the definite best rate

It’s a great practice to get comparison quotes at least once a year since insurance rates are adjusted regularly by insurance companies. Just because you found the lowest price for 9-5 coverage a few years ago the chances are good that you can find a lower rate today. There is a lot of wrong information about car insurance online but by reading this article, you’re going to learn the best ways to stop overpaying for insurance.

If you have a policy now or need new coverage, you can use these techniques to cut your premiums while maximizing coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Drivers just need to know the proper way to compare rates online.

These factors can influence Saab 9-5 insurance rates

Consumers need to have an understanding of the different types of things that go into determining your car insurance rates. Knowing what influences your rates empowers consumers to make smart changes that will entitle you to lower car insurance prices.

Listed below are some of the factors used by your company to calculate prices.

  • Save money with special equipment – Driving a car with an alarm system can get you a discount on your car insurance. Theft prevention features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your vehicle from being stolen.
  • You might want pay the small claims yourself – Companies generally give lower rates to drivers who file claims infrequently. If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Car insurance is designed for the large, substantial claims.
  • Credit scores impact car insurance rates – Credit rating is a huge factor in calculating your car insurance rates. People with high credit scores tend to be more responsible than drivers who have lower ratings. If your credit rating can use some improvement, you could potentially save money when insuring your 2006 Saab 9-5 by repairing your credit.
  • Marriage brings a discount – Getting married actually saves money on your car insurance policy. Having a significant other usually means you are more mature and responsible and it’s proven that married couples file fewer claims.
  • Males pay more for insurance – The statistics show women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Women and men cause accidents in similar numbers, but the males have costlier accidents. They also get more serious tickets such as reckless driving. Youthful male drivers are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Drive a safer car and pay less – Cars with high safety ratings tend to have better insurance rates. Safer cars reduce injuries and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Saab 9-5 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.

Finding Car Insurance

There are multiple methods you can shop for 2006 Saab 9-5 car insurance but some are more efficient than others. You could spend the better part of a day talking about coverages with insurance companies in your area, or you could use the internet to get the quickest rates.

Most of the best insurance companies participate in an industry program where prospective buyers enter their coverage request one time, and each participating company returns a competitive quote based on the submitted data. This eliminates the need for repetitive form submissions to each individual car insurance company. To compare 2006 Saab 9-5 rates now click here (opens in new window).

The single downside to comparing rates this way is you can’t choose which providers you want to price. So if you prefer to pick individual companies to compare prices, we have assembled a list of car insurance companies in your area. View list of insurance companies.

Whichever method you choose, make sure you use the exact same coverages with each company. If you compare unequal deductibles or liability limits it will be impossible to determine the lowest rate for your Saab 9-5.

The car insurance bait and switch

Consumers get pounded daily by advertisements that promise big savings from companies such as State Farm, Geico and Progressive. All the companies make an identical promise of big savings after switching your policy.

How do they all make almost identical claims? It’s all in the numbers.

Insurance companies are able to cherry pick for the type of driver that earns them a profit. For instance, a desirable insured could possibly be over the age of 50, is a homeowner, and drives newer vehicles. A customer who meets those qualifications will qualify for the lowest rates and most likely will save when switching.

Potential insureds who don’t meet these standards will be quoted more money and ends up with business going elsewhere. The ads say “drivers who switch” not “people who quote” save that much money. That’s why insurance companies can state the savings. This emphasizes why drivers must get as many quotes as possible. It’s just too difficult to predict which car insurance company will provide you with the cheapest Saab 9-5 insurance rates.

Companies offer discounts so take them!

Auto insurance companies don’t always publicize all available discounts very well, so the following is a list of some of the more common and also the lesser-known ways to save on auto insurance. If you don’t get every credit possible, you’re just leaving money on the table.

  • Accident Free – Drivers who don’t have accidents can save substantially compared to drivers who are more careless.
  • Military Rewards – Being deployed with a military unit may qualify for rate reductions.
  • Early Signing – Select companies give a discount for signing up prior to your current policy expiration. This can save 10% or more.
  • Payment Method – By paying your policy upfront instead of paying each month you could save 5% or more.
  • Own a Home – Being a homeowner may earn you a small savings because of the fact that having a home requires personal responsibility.
  • Auto/Home Discount – When you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
  • Theft Prevention Discount – Anti-theft and alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Discount for Good Grades – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
  • No Charge for an Accident – Some insurance companies allow you one accident before raising your premiums if your claims history is clear prior to the accident.

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as comp or med pay. So when it seems like it’s possible to get free car insurance, you won’t be that lucky.

A partial list of companies who might offer these benefits are:

Before buying, ask each insurance company which discounts you may be entitled to. Some discounts might not apply in every state.

Do I just need basic coverages?

When choosing the right insurance coverage, there really is no one size fits all plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether you might need professional guidance.

  • Is other people’s property covered if stolen from my vehicle?
  • Is my dog or cat covered if injured in an accident?
  • Is my trailer covered?
  • Is motorclub coverage worth it?
  • Do I need PIP coverage since I have good health insurance?
  • Can I afford to pay high deductible claims out of pocket?
  • When should I remove comp and collision on my 2006 Saab 9-5?
  • Do I need to file an SR-22 for a DUI in my state?

If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this 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.

Car insurance coverage specifics

Learning about specific coverages of your car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are the usual coverages available from car insurance companies.

Collision – Collision coverage will pay to fix damage to your 9-5 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a parking meter, backing into a parked car, hitting a mailbox, driving through your garage door and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like rehabilitation expenses, pain medications, doctor visits and ambulance fees. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a bird, damage from getting keyed, a broken windshield and hail damage. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Saab 9-5.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Auto liability insurance – This coverage protects you from injuries or damage you cause to people or other property that is your fault. This coverage protects you against claims from 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 values of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.

Liability coverage protects against claims such as medical expenses, loss of income and emergency aid. 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.

More quotes. Lower rates.

In this article, we covered a lot of tips how to compare 2006 Saab 9-5 insurance prices online. The key concept to understand is the more times you quote, the better your comparison will be. Drivers may discover the most savings is with a small local company. Smaller companies may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive and Geico.

When trying to cut insurance costs, you should never sacrifice coverage to reduce premiums. There have been many situations where an insured cut full coverage to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to find the BEST coverage for the lowest price.

Other learning opportunities