Are you a victim of an underperforming, overpriced car insurance policy? Trust us, there are lots of people in the same boat. Consumers have many car insurance companies to insure vehicles with, and though it is a good thing to have a choice, it can be more challenging to get the best deal.
Finding the lowest cost insurance coverage is not that difficult. If you have a policy now or need a new policy, you can use these tips to find better prices and still get good coverage. Drivers just need to understand how to get comparison rates online.
Finding a better price on insurance can be surprisingly simple. All you need to do is take a few minutes to compare rate quotes online with multiple companies. This can be accomplished in just a few minutes using one of these methods.
However you get your quotes, make absolute certain that you use apples-to-apples deductibles and coverage limits for every company. If each company quotes different deductibles you can’t possibly determine the lowest rate for your Cadillac Eldorado.
Properly insuring your vehicles can get expensive, but there could be available discounts that you may not even be aware of. Some discounts apply automatically when you purchase, but some may not be applied and must be asked about prior to receiving the credit. If you’re not getting every credit you qualify for, you’re just leaving money on the table.
Keep in mind that some credits don’t apply to the overall cost of the policy. A few only apply to specific coverage prices like comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will cut the amount you have to pay.
For a list of companies with the best car insurance discounts, click here to view.
When it comes to buying proper insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Every situation is different so your insurance needs to address that. For example, these questions can help discover if your insurance needs might need professional guidance.
If you can’t answer these questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.
Having a good grasp of your insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are typical coverage types offered by insurance companies.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for bills for EMT expenses, ambulance fees, nursing services, funeral costs and X-ray expenses. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Liability car insurance
Liability insurance protects you from damage that occurs to other’s property or people in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for things like loss of income, attorney fees and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.
This will pay to fix damage to your Eldorado resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision insurance covers claims such as colliding with another moving vehicle, crashing into a ditch, colliding with a tree and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.
Comprehensive coverage (or Other than Collision)
This coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like hail damage, rock chips in glass, damage from getting keyed and falling objects. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance
This provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Cadillac Eldorado.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently these limits are similar to your liability insurance amounts.