Sick and tired of paying out the nose each month for car insurance? You are in the same boat as most other car owners. You have multiple car insurance companies to choose from, and even though it’s nice to have multiple companies, having more car insurance companies makes it harder to find the lowest rates.
It’s important to get comparison quotes at least once a year since rates go up and down regularly. Even if you think you had the lowest rates for C/K Series insurance a couple years back a different company probably has better rates today. You can find a lot of misleading information regarding insurance coverage online but I’m going to show you the easiest ways to slash your insurance coverage rates.
Finding affordable coverage is not that difficult. If you have car insurance now, you should be able to reduce your rates substantially using this strategy. Vehicle owners only need an understanding of the proper methods to shop for insurance over the internet.
Companies that sell car insurance do not advertise every available discount in a way that’s easy to find, so we researched some of the more common as well as the least known ways to save on insurance. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.
It’s important to understand that most discount credits are not given to the entire policy premium. Some only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think it’s possible to get free car insurance, you’re out of luck.
A partial list of companies that possibly offer some of the above discounts are:
It’s a good idea to ask each company what discounts are available to you. Some discounts might not apply in your state.
Consumers need to have an understanding of the factors that play a part in calculating the rates you pay for insurance coverage. Knowing what determines base rates helps enable you to make changes that can help you get big savings.
Shown below are some of the factors that factor into your rates.
When it comes to choosing the best car insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Each situation is unique and your policy should reflect that. For example, these questions can aid in determining whether your personal situation might need professional guidance.
If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It is quick, free and can provide invaluable advice.
Drivers can’t ignore all the ads for car insurance savings from the likes of Progressive, Allstate and GEICO. All the companies make an identical promise that you can save if you change your coverage to them.
How can each company say the same thing? This is how they do it.
Different companies are able to cherry pick for the type of customer that makes them money. A good example of a profitable customer might be profiled as between the ages of 30 and 50, has no prior claims, and has a short commute. A customer getting a price quote who meets those qualifications is entitled to the best price and as a result will probably save when they switch companies.
Potential customers who are not a match for these standards will be charged higher rates and this can result in the customer not buying. The ads state “people who switch” not “everyone that quotes” save that kind of money. This is how insurance companies can confidently advertise the savings. That is why it’s extremely important to quote coverage with many companies. It’s not possible to predict the company that will fit your personal profile best.
Understanding the coverages of a auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages available from auto insurance companies.
This coverage protects you from damages or injuries you inflict on other’s property or people 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.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.
Liability coverage protects against things such as funeral expenses, bail bonds, repair bills for other people’s vehicles and emergency aid. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like hospital visits, dental work and EMT expenses. They can be used in conjunction with a health insurance plan or if you do not have health coverage. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chevy C/K 2500 Series.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.
This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like hitting a parking meter, sideswiping another vehicle and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like damage from flooding, damage from getting keyed, fire damage and hail damage. The highest amount your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Budget-conscious 1996 Chevy C/K 2500 Series insurance can be found both online and with local insurance agents, so compare prices from both to get a complete price analysis. Some insurance providers do not offer you the ability to get quotes online and these small insurance companies work with independent agents.
We’ve covered many ideas to lower your insurance rates. It’s most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. Consumers could even find that the best prices are with a small local company. Regional companies may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm or Progressive.
As you prepare to switch companies, never reduce needed coverages to save money. There have been many cases where an insured cut physical damage coverage only to discover later that it was a big mistake. The proper strategy is to buy a smart amount of coverage at the best price while still protecting your assets.
To read more, take a look at the resources below: