Expensive insurance coverage can dwindle your personal savings and put the squeeze on your family’s finances. Comparing price quotes is a great way to slash your bill and have more diposable income.
Popular companies such as GEICO, Progressive and Allstate persitently shower you with ads and consumers find it hard to not get sucked in by the cute commercials and do the work needed to find the best deal.
If you currently have a car insurance policy, you will most likely be able to cut costs considerably using this strategy. Finding the best rates is easy if you know what you’re doing. Although vehicle owners need to learn how companies compete online.
There are several ways of comparing price quotes from insurance companies in your area. One of the best ways to compare 1992 Mazda Protege insurance prices consists of shopping online. This is very easy and can be done in several different ways.
Whichever way you use, ensure you are comparing apples-to-apples quote information on every quote. If you are comparing unequal deductibles or liability limits you will not be able to determine which rate is truly the best. Quoting even small variations in coverage limits may result in a large different in cost. And when comparing insurance rates, know that more quotes will enable you to find a lower rate.
The price of auto insurance can be rather high, buy you may qualify for discounts to reduce the price significantly. Some discounts apply automatically when you quote, but less common discounts must be asked about prior to receiving the credit.
As a disclaimer on discounts, most discount credits are not given to the entire policy premium. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when the math indicates adding up those discounts means a free policy, it doesn’t quite work that way. But any discount will cut the amount you have to pay.
Companies who might offer these benefits are:
Before buying, ask each insurance company which discounts they offer. Savings may not be available in your state.
When buying the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions may help highlight whether you would benefit from an agent’s advice.
If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your auto insurance policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are the normal coverages found on the average auto insurance policy.
Liability – This coverage protects you from damage or injury you incur to a person or their property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage pays for claims like funeral expenses, bail bonds, medical expenses and court costs. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.
Collision – This will pay to fix damage to your Protege caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against things such as backing into a parked car, hitting a mailbox, rolling your car and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.
Uninsured and underinsured coverage – Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Mazda Protege.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time these limits do not exceed the liability coverage limits.
Comprehensive coverages – Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like damage from flooding, a tree branch falling on your vehicle, a broken windshield and hitting a deer. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for pain medications, prosthetic devices, doctor visits and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Throughout this article, we presented a lot of techniques to lower your 1992 Mazda Protege insurance rates. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. You may be surprised to find that the lowest priced car insurance comes from a small mutual company. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as GEICO and State Farm.
When shopping online for car insurance, it’s not a good idea to skimp on critical coverages to save a buck or two. In many instances, someone sacrificed uninsured motorist or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find for the lowest price while still protecting your assets.
Much more information about car insurance is available at these links: