Nobody I know enjoys paying for insurance, especially when the cost is too high. Companies like State Farm, Farmers Insurance, GEICO and Allstate continually bombard you with TV and radio ads and it is challenging if not impossible to separate fact from fiction and do the work needed to find the best deal.
Companies offering auto insurance don’t necessarily list all available discounts in a way that’s easy to find, so the following is a list of some of the more common and the more hidden savings tricks you should be using. If you aren’t receiving every discount possible, you’re paying more than you need to.
Drivers should understand that most discount credits are not given to the entire policy premium. Some only apply to the price of certain insurance coverages like comp or med pay. Just because it seems like you would end up receiving a 100% discount, you won’t be that lucky.
For a list of providers with the best insurance discounts, click here.
When buying adequate coverage for your vehicles, there really is not a one size fits all plan. Everyone’s situation is unique so this has to be addressed. These are some specific questions might point out if your insurance needs would benefit from an agent’s advice.
If you’re not sure about those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.
Understanding the coverages of a insurance policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the normal coverages available from insurance companies.
Collision coverages – Collision coverage pays for damage to your Custom Cruiser resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things such as backing into a parked car, crashing into a ditch, damaging your car on a curb, driving through your garage door and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for immediate expenses like doctor visits, rehabilitation expenses, funeral costs and hospital visits. They can be used to fill the gap from your health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible
Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like hail damage, a tree branch falling on your vehicle, rock chips in glass and fire damage. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Oldsmobile Custom Cruiser.
Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Liability car insurance – Liability insurance provides protection from injuries or damage you cause to other people or property. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.
Liability coverage pays for claims such as attorney fees, medical services, medical expenses and pain and suffering. How much coverage you buy is up to you, but consider buying as high a limit as you can afford.
Cheap 1992 Oldsmobile Custom Cruiser insurance can be sourced on the web in addition to many insurance agents, so you should compare both in order to have the best price selection to choose from. Some insurance companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents.
In this article, we presented quite a bit of information on how to get a better price on insurance. It’s most important to understand that the more companies you get rates for, the better likelihood of reducing your rate. You may be surprised to find that the biggest savings come from the smaller companies. They can often provide lower rates in certain areas as compared to the big name companies such as Allstate, GEICO and Progressive.
When shopping online for insurance, never skimp on coverage in order to save money. There are too many instances where someone sacrificed collision coverage only to discover later that the few dollars in savings costed them thousands. Your aim should be to purchase a proper amount of coverage at an affordable rate.
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