2002 Chevrolet Prizm Car Insurance Quotes – 8 Savings Tips

Want lower insurance rates for your Chevrolet Prizm? Pretty sure you bought an expensive insurance policy? Trust us, there are many drivers thinking the same thing. Since you have so many online and local companies to choose from, it is very difficult to pick a lower cost insurance company.

It’s a great practice to compare prices occasionally since rates are rarely the same from one policy term to another. Even if you think you had the lowest premium rates for Prizm coverage a year ago there may be better deals available now. Forget anything you know (or think you know) about insurance because you’re about to find out how to use the internet to reduce your cost while improving coverage.

Buying car insurance is quite easy. If you have car insurance now, you stand a good chance to be able to save some money using these methods. Vehicle owners just need to understand the proper way to compare rates on the web.

Which car insurance is cheapest?

There are several ways to compare car insurance prices but one way is easier and takes less work. You can waste a lot of time talking to local insurance agents in your area, or you could save time and use online quoting to accomplish the same thing much quicker.

The majority of car insurance companies participate in a marketplace where prospective buyers submit one quote, and each company can give them a price determined by their information. This system prevents you from having to do quotation requests for every car insurance company.

To access this free quoting program, click here (opens in new window).

The only drawback to using this type of form is you can’t choose which providers to get pricing from. If you would rather choose from a list of companies to request quotes from, we have assembled a list of low cost car insurance companies in your area. View list of insurance companies.

Compare rates however you want, just try to use the exact same coverages on every quote. If you have higher or lower deductibles then you won’t be able to determine which rate is truly the best.

Insurance discounts are available to reduce your rates

Some insurers do not list all possible discounts in an easy-to-find place, so here is a list a few of the more common and the harder-to-find discounts that you may qualify for.

  • Data Collection Discounts – People who choose to allow their company to track their driving habits through the use of a telematics system such as Progressive’s Snapshot may see discounts if their driving habits are good.
  • Low Mileage – Fewer annual miles on your Chevy can earn lower premium rates due to less chance of an accident.
  • Auto/Life Discount – Select insurance carriers reward you with lower prices if you buy auto and life insurance together.
  • Multiple Policy Discount – If you have multiple policies with one company you will save over 10 percent off each policy depending on the company.
  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and will qualify for a discount on a auto insurance quote.
  • Club Memberships – Being in certain professional organizations could trigger savings when shopping for insurance.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Distant College Student Discount – who live away from home to go to college and won’t have access to an insured vehicle may be able to be covered for less.

Just know that most discounts do not apply to the entire policy premium. Most only cut individual premiums such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, companies wouldn’t make money that way.

A partial list of companies that may offer policyholders many of the previously listed discounts include:

Before purchasing a policy, check with all the companies how many discounts you can get. Some of the discounts discussed earlier might not be offered on policies everywhere. To view insurance companies with the best discounts, click here to view.

Everyone needs different car insurance coverages

When buying adequate coverage for your vehicles, there isn’t really a perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether or not you might need an agent’s assistance.

  • Which is better, split liability limits or combined limits?
  • Why am I required to buy high-risk coverage?
  • Is there coverage for injuries to my pets?
  • How many claims can I have before being cancelled?
  • What happens if I owe more than my 2002 Chevy Prizm is worth?
  • Where can I get insurance after a DUI in my state?
  • What discounts do I qualify for?
  • Is upholstery damage covered by car insurance?

If you’re not sure about those questions then you might want to talk to an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It only takes a few minutes and you can get the answers you need.

Coverages available on your insurance policy

Knowing the specifics of a insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. These are typical coverages available from insurance companies.

Liability coverage

Liability coverage provides protection from damage or injury you incur to other people or property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.

Liability can pay for things such as repair costs for stationary objects, funeral expenses and structural damage. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Comprehensive auto coverage

This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like falling objects, theft, hitting a deer, damage from flooding and a broken windshield. The maximum amount 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 consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection when other motorists do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Chevy Prizm.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision protection

This pays for damage to your Prizm resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a mailbox, scraping a guard rail, colliding with another moving vehicle, crashing into a ditch and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to bring the cost down.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like ambulance fees, funeral costs, prosthetic devices and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage