I can’t think of a single person who looks forward to paying for auto insurance, especially knowing they are paying too much. Companies like State Farm, Allstate, GEICO and Progressive all promote huge savings with advertising and it is difficult to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.
The quickest method to get rate comparisons is to take advantage of the fact all the major auto insurance companies pay for the opportunity to compare rate quotes. The one thing you need to do is provide the companies a bit of rating information such as driver details, whether the vehicles are used for commuting, how much education you have, and level of coverage desired. That rating information is then sent to many different companies and you receive quotes within a short period of time.
Auto insurance companies don’t list all their discounts in an easy-to-find place, so we break down some of the best known and the harder-to-find insurance coverage savings. If they aren’t giving you every credit possible, you’re just leaving money on the table.
It’s important to note that most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. So when it seems like all the discounts add up to a free policy, it just doesn’t work that way.
Car insurance companies who might offer these discounts include:
It’s a good idea to ask each company which discounts you may be entitled to. Some discounts may not be available in your state.
When it comes to choosing the right insurance coverage for your vehicles, there is no one size fits all plan. Every insured’s situation is different so this has to be addressed. These are some specific questions could help you determine whether or not you may require specific advice.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.
Learning about specific coverages of a insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. These are the usual coverages found on most insurance policies.
Comprehensive or Other Than Collision
This covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like a tree branch falling on your vehicle, theft, damage from a tornado or hurricane and hail damage. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
This provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your GMC Sierra 3500.
Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Medical costs insurance
Coverage for medical payments and/or PIP pay for expenses for things like doctor visits, nursing services, hospital visits and X-ray expenses. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Liability insurance will cover damage that occurs to people or other property that is your fault. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability can pay for things like repair bills for other people’s vehicles, court costs, structural damage and medical expenses. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.
Collision coverage protection
Collision coverage covers damage to your Sierra 3500 from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as driving through your garage door, rolling your car and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.