Are you sick and tired of scraping the payment together to insure your Chevy every month? You’re in the same situation as many other drivers.
Popular companies such as State Farm, Farmers Insurance, GEICO and Allstate continually bombard you with fancy advertisements and it is difficult to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
It’s important to price shop coverage quite often because insurance rates are adjusted regularly by insurance companies. Just because you had the lowest price for Astro Cargo coverage two years ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about auto insurance on the internet, so by reading this article, you’re going to learn some excellent ideas to slash your auto insurance rates.
If you are paying for car insurance now, you will be able to reduce your rates substantially using these tips. Buying car insurance is not rocket science. But drivers benefit from understanding how companies price insurance differently and take advantage of how the system works.
Consumers need to have an understanding of the rating factors that help determine car insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that can help you get lower car insurance prices.
The following are some of the items that factor into your rates.
Properly insuring your vehicles can get expensive, but you can get discounts to cut the cost considerably. Some discounts apply automatically when you purchase, but some may not be applied and must be manually applied before you get the savings.
As a disclaimer on discounts, most credits do not apply to the entire cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you could get a free insurance coverage policy, companies don’t profit that way. Any qualifying discounts will help reduce your premiums.
For a list of insurers with the best insurance coverage discounts, click here.
When buying coverage, there is no “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight if you might need an agent’s assistance.
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area.
Knowing the specifics of a car insurance policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages available from car insurance companies.
Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like crashing into a ditch, colliding with a tree, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to bump up the deductible to bring the cost down.
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for doctor visits, dental work, rehabilitation expenses and pain medications. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible
This protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your 1994 Chevy Astro Cargo.
Because many people only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are similar to your liability insurance amounts.
This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as hitting a deer, a tree branch falling on your vehicle, fire damage, damage from a tornado or hurricane and a broken windshield. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Liability coverage provides protection from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from claims by other people. Liability 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. You commonly see policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Another option is a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability insurance covers things such as structural damage, court costs, medical expenses, medical services and pain and suffering. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible.
You just learned a lot of techniques to lower your 1994 Chevy Astro Cargo insurance rates. The key concept to understand is the more rate comparisons you have, the better likelihood of reducing your rate. Consumers may even find the best prices are with a small local company. They can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.
Lower-priced insurance is attainable online and with local insurance agents, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who do not offer online price quotes and usually these smaller companies provide coverage only through local independent agents.
More information is available at the links below