Feel like you’re a prisoner to an overpriced insurance coverage policy? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their insurance coverage policy. Popular companies such as GEICO, Progressive and Allstate persitently shower you with advertising and it is difficult to see past the corporate glitz and effectively compare rates to find the best deal.
It’s important that you understand the different types of things that come into play when calculating the price you pay for car insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that will entitle you to much lower annual insurance costs.
Getting a lower price on 1990 Oldsmobile Eighty-Eight Royale insurance can be quick and easy. Consumers just need to take time comparing price quotes provided by online insurance companies. This is very easy and can be done in a couple of different ways.
Whichever method you choose, be sure to compare identical coverage information on every quote. If each company quotes differing limits it’s impossible to determine the lowest rate for your Oldsmobile Eighty-Eight Royale.
Drivers get pounded daily by advertisements that promise big savings by companies like Progressive, Allstate and GEICO. All the companies say the same thing of big savings after switching to them.
But how can every company say the same thing? This is how they do it.
Insurance companies are able to cherry pick for the type of driver that makes them money. An example of a driver they prefer could possibly be over the age of 50, has no tickets, and has great credit. A driver who meets those qualifications receives the best rates and most likely will pay quite a bit less when switching companies.
Drivers who fall outside the requirements will be quoted a higher premium and ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” not “everybody who quotes” save money. That’s the way companies can truthfully make the claims of big savings.
This emphasizes why you should compare many company’s rates. It’s not possible to predict which company will fit your personal profile best.
Properly insuring your vehicles can get expensive, but companies offer discounts that can drop the cost substantially. A few discounts will automatically apply when you complete an application, but some must be asked about before you get the savings. If you don’t get every credit you qualify for, you are throwing money away.
Consumers should know that most of the big mark downs will not be given to all coverage premiums. Some only apply to the price of certain insurance coverages like comp or med pay. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will reduce the amount you have to pay.
To see a list of insurance companies with the best auto insurance discounts, click here to view.
When choosing proper insurance coverage for your personal vehicles, there really is not a one size fits all plan. Every insured’s situation is different so this has to be addressed. For example, these questions may help highlight if you may require specific advice.
If you can’t answer these questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
Knowing the specifics of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages offered by insurance companies.
Collision coverages – This pays for damage to your Eighty-Eight Royale resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as rolling your car, colliding with a tree and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.
Auto liability – This provides protection from injuries or damage you cause to other’s property or people. 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 liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage pays for claims such as funeral expenses, repair bills for other people’s vehicles and medical 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.
Comprehensive protection – This covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as damage from getting keyed, a broken windshield, hitting a deer and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Oldsmobile Eighty-Eight Royale.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.
Medical expense coverage – Coverage for medical payments and/or PIP pay for short-term medical expenses like prosthetic devices, chiropractic care, ambulance fees and nursing services. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
As you shop your coverage around, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where an accident victim reduced liability limits or collision coverage only to regret that the few dollars in savings costed them thousands. The ultimate goal is to purchase a proper amount of coverage for the lowest price.
The cheapest 1990 Oldsmobile Eighty-Eight Royale insurance can be bought online in addition to many insurance agents, so compare prices from both to get a complete price analysis. Some insurance companies do not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.
We just covered some good ideas how you can get a better price on insurance. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. You may even discover the most savings is with the smaller companies. Some small companies may only write in your state and offer lower rates compared to the large companies like State Farm or Progressive.